|
CITY OF GEM LAKE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />YEAR ENDED DECEMBER 31, 2016
<br />(WITH SUMMARIZED FINANCIAL INFORMATION FOR YEAR ENDED DECEMBER 31, 2015)
<br />GO Capital
<br />2016
<br />Improvement
<br />Hoffman
<br />Street
<br />Other
<br />Total
<br />General
<br />Plan Bonds
<br />Road
<br />Improvements
<br />Governmental
<br />Governmental
<br />2015
<br />Fund
<br />Series 2007A
<br />Fund
<br />Fund
<br />Funds
<br />Funds
<br />Totals
<br />REVENUES
<br />Taxes
<br />$ 223,118
<br />$ 69,261
<br />$
<br />5
<br />$
<br />$ 292,379
<br />$ 251,341
<br />Special Assessments
<br />799
<br />-
<br />65,938
<br />14,383
<br />01,120
<br />42,427
<br />Intergovernmental
<br />9,796
<br />9,796
<br />13,348
<br />Licenses and Permits
<br />34,108
<br />34,108
<br />39,222
<br />Fines and Forfeits
<br />3,210
<br />3,210
<br />2,182
<br />Public Charges for Services
<br />5,705
<br />5,705
<br />12,927
<br />Miscellaneous:
<br />Earnings (Loss) on Investments
<br />1,701
<br />943
<br />(5,024)
<br />989
<br />1,014
<br />(377)
<br />3,350
<br />Other
<br />17,084
<br />17,084
<br />53,969
<br />Total Revenues
<br />295,521
<br />70,204
<br />60,914
<br />989
<br />15,397
<br />443,026
<br />418,766
<br />EXPENDITURES
<br />Current:
<br />General Govemment
<br />134,037
<br />134,037
<br />124,999
<br />Public Safely
<br />119,793
<br />119,793
<br />115,115
<br />Public Works
<br />37.508
<br />37.508
<br />102,228
<br />Conservation and Development
<br />51,122
<br />51,122
<br />44,647
<br />Capital Outlay
<br />323,988
<br />323,988
<br />118,856
<br />Debi Service:
<br />Principal
<br />745,000
<br />745,000
<br />15,000
<br />Interest and Fiscal Charges
<br />35,421
<br />35,421
<br />32,904
<br />Debt Issuance Costs
<br />29,985
<br />Total Expenditures
<br />342,460
<br />780,421
<br />323.988
<br />1,446,869
<br />583,734
<br />NET CHANGE IN FUND BALANCES
<br />(46.939)
<br />(710,217)
<br />(263.074)
<br />969
<br />15.397
<br />(1,003,844)
<br />610,032
<br />Fund Balances- Beginning of Year
<br />260,524
<br />831,232
<br />(128,611)
<br />132,336
<br />76.872
<br />1,172,353
<br />562,321
<br />FUND BALANCES - END OF YEAR
<br />$ 213.585
<br />5 121,Oi5
<br />$ 1391 685P
<br />$ 133,325
<br />$ 42,269
<br />$ 168,509
<br />$ 1,172,353
<br />See accompanying Notes to Basic Financial Statements.
<br />A-10
<br />
|