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CITY OF GEM LAKE
<br />Statement of Net Position
<br />December 31, 2025
<br />Assets
<br />Cash and investments
<br />Receivables
<br />Accounts
<br />Accrued interest
<br />Property taxes
<br />Special assessments
<br />Due from other governments
<br />Prepaid items
<br />Capital assets
<br />Not being depreciated
<br />Depreciated, net of accumulated depreciation
<br />Total assets
<br />Liabilities
<br />Accounts and contracts payable
<br />Accrued interest payable
<br />Due to other governments
<br />Accrued salaries payable
<br />Deposits payable
<br />Unearned revenue
<br />Long-term liabilities
<br />Amounts due in one year
<br />Amounts due in more than one year
<br />Total liabilities
<br />Net position
<br />Net investment in capital assets
<br />Restricted for debt service
<br />Restricted for park improvements
<br />Unrestricted
<br />Total net position
<br />Total liabilities and net position
<br />See notes to basic financial statements -5-
<br />Governmental Business -Type
<br />Activities Activities Total
<br />$ 1,566,930 $ 450,220 $ 2,017,150
<br />11,999
<br />33,368
<br />45,367
<br />29,263
<br />14,733
<br />43,996
<br />16,766
<br />-
<br />16,766
<br />447,265
<br />7,161
<br />454,426
<br />7,737
<br />-
<br />7,737
<br />123,362
<br />-
<br />123,362
<br />2,500
<br />55,794
<br />58,294
<br />1,441.927
<br />1,130,092
<br />2,572,019
<br />$ 3,647,749 $ 1,691,368 $ 5,339,117
<br />$ 11,241
<br />$ 7,522
<br />$ 18,763
<br />9,173
<br />-
<br />9,173
<br />15,462
<br />6,853
<br />22,315
<br />3,940
<br />-
<br />3,940
<br />16,200
<br />-
<br />16,200
<br />17,422
<br />-
<br />17,422
<br />110,000
<br />-
<br />110,000
<br />544,671
<br />-
<br />544,671
<br />728,109
<br />14,375
<br />742,484
<br />789,756
<br />1,185,886
<br />1,975,642
<br />592,103
<br />-
<br />592,103
<br />56,862
<br />-
<br />56,862
<br />1,480,919
<br />491,107
<br />1,972,026
<br />2,919,640
<br />1,676,993
<br />4,596,633
<br />$ 3,647.749
<br />$ 1,691,368
<br />$ 5,339,117
<br />
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