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CITY OF GEM LAKE
<br />Statement of Revenue, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />Year Ended December 31, 2025
<br />G.O. Capital
<br />G.O. Capital
<br />Improvement
<br />Improvement
<br />Plan Bonds
<br />Plan Bonds
<br />Street
<br />General
<br />Series 2015A
<br />Series 2018A
<br />Impro\emunts
<br />Revenue
<br />Taxes
<br />Property taxes
<br />$ 629,387
<br />$ 79,202
<br />$ 3,998
<br />$ -
<br />Franchise fees
<br />7,441
<br />-
<br />_
<br />_
<br />Special assessments
<br />118
<br />-
<br />53,695
<br />38,878
<br />Intergovernmental
<br />20,864
<br />-
<br />_
<br />_
<br />Licenses and permits
<br />109,010
<br />-
<br />_
<br />_
<br />Fines and forfeitures
<br />726
<br />-
<br />_
<br />_
<br />Charges for services
<br />50,058
<br />-
<br />-
<br />_
<br />Investment earnings
<br />43,951
<br />6,046
<br />5,013
<br />13,675
<br />Facility rental
<br />13,883
<br />-
<br />_
<br />_
<br />Miscellaneous
<br />16,461
<br />653
<br />33
<br />48,557
<br />Total revenue
<br />891,899
<br />85,901
<br />62,739
<br />101,110
<br />Expenditures
<br />Current
<br />General government
<br />252,079
<br />-
<br />_
<br />_
<br />Public safety
<br />207,700
<br />-
<br />_
<br />_
<br />Public works
<br />1,812
<br />-
<br />_
<br />-
<br />Conservation and development
<br />152,710
<br />-
<br />_
<br />_
<br />Capital outlay
<br />13,975
<br />-
<br />_
<br />_
<br />Debt service
<br />Principal
<br />-
<br />65,000
<br />40,000
<br />-
<br />Interest and fiscal charges
<br />-
<br />10,276
<br />17,700
<br />-
<br />Total expenditures
<br />628,276
<br />75,276
<br />57,700
<br />-
<br />Excess of revenue over expenditures
<br />263,623
<br />10,625
<br />5,039
<br />101,110
<br />Other financing sources (uses)
<br />Transfers in
<br />-
<br />-
<br />-
<br />20,000
<br />Transfers (out)
<br />(20,000)
<br />-
<br />_
<br />_
<br />Total other financing sources (uses)
<br />(20,000)
<br />-
<br />-
<br />20,000
<br />Net change in fund balances
<br />243,623
<br />10,625
<br />5,039
<br />121,110
<br />Fund balances
<br />Beginning of year
<br />660,755
<br />143.882
<br />114,829
<br />324,193
<br />End of year
<br />$ 904,378
<br />$ 154,507
<br />$ 119,868
<br />$ 445,303
<br />See notes to basic financial statements -11-
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