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CITY OF ORONO
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />DECEMBER 31, 2017
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(21)
<br />
<br /> Debt Service Other
<br />General 2008 Improvement Governmental
<br />Fund Bonds Funds Totals
<br />ASSETS
<br />Cash and Investments 4,765,474$ 87,666$ 6,971,731$ 11,824,871$
<br />Receivables:
<br />Miscellaneous Receivables 68,542 - - 68,542
<br />Accrued Interest 35,867 137 3,792 39,796
<br />Delinquent Taxes 6,876 - 3,432 10,308
<br />Deferred Special Assessments - - 8,083 8,083
<br />Prepaids 9,809 - - 9,809
<br />Inventory 3,468 - - 3,468
<br />Due from Other Governmental Units 221,258 - 30,173 251,431
<br />Other Assets 4,468 - - 4,468
<br />Total Assets 6,002,762$ 87,803$ 7,017,211$ 13,107,776$
<br />LIABILITIES, DEFERRED INFLOWS
<br />OF RESOURCES, AND FUND BALANCE
<br />LIABILITIES
<br />Accounts and Contracts Payable 134,353$ -$ 325,918$ 460,271$
<br />Accrued Salaries Payable 165,844 - - 165,844
<br />Due to Other Governmental Units 150,040 - 3,330 153,370
<br />Deposits 1,072,099 - - 1,072,099
<br />Total Liabilities 1,522,336 - 1,216,248 2,738,584
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Revenue - Taxes 6,876$ -$ 3,432$ 10,308$
<br />Unavailable Revenue - Special Assessments - - 8,083 8,083
<br />Taxes Collected in Advance of Levy 26,714 - 6,414 33,128
<br />Total Deferred Inflows of Resources 33,590 - 17,929 51,519
<br />FUND BALANCE
<br />Nonspendable:
<br />Prepaids 9,809 - - 9,809
<br />Inventory 3,468 - - 3,468
<br />Restricted:
<br />Debt Service - 87,803 2,017,315 2,105,118
<br />Parkland Acquisitions and Improvement - - 762,056 762,056
<br />Drug and Alcohol Law Enforcement - - 295,826 295,826
<br />Home Buyer Purchase Assistance - - 132,467 132,467
<br />Lurton Park Development and Maintenance - - 17,167 17,167
<br />Senior Housing - - 76,452 76,452
<br />Road Construction Projects - - 377,595 377,595
<br />Golf Course Improvements - - 267 267
<br />Big Island 6,000 6,000
<br />Assigned:
<br />Long Lake Fire Equipment - - 657,043 657,043
<br />Capital Equipment Purchases - - 521,441 521,441
<br />Police Equipment Purchases - - 299,383 299,383
<br />Future Construction Projects - - 985,538 985,538
<br />Community-Wide Projects - - 659,309 659,309
<br />Debt Service - - 1,251 1,251
<br />Police Garage Project - 24,883 24,883
<br />Unassigned 4,433,559 - (1,050,959) 3,382,600
<br />Total Fund Balance 4,446,836 87,803 5,783,034 10,317,673
<br />Total Liabilities, Deferred Inflows of
<br /> Resources, and Fund Balance 6,002,762$ 87,803$ 7,017,211$ 13,107,776$
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