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City of Orono <br />Changes in Fund Balance <br />Capital Project Funds <br />Improvement Equipment Outlay <br />City of Orono - 2019 Budget Page 50 <br />Actual <br />Estimated <br />Estimated <br />Revenues <br />2017 <br />2018 <br />2019 <br />Actual <br />$ 10,873 <br />$ 4,585 <br />$ 5,000 <br />Budget <br />- <br />- <br />- <br />Actual Revenues Over (Under) <br />Budgeted Revenues <br />10,873 <br />4,585 <br />5,000 <br />Expenditures <br />Actual <br />$ 275,451 <br />$ 863,911 <br />$ 573,000 <br />Budget <br />- <br />- <br />- <br />Actual Expenditures Over (Under) <br />Budgeted Expenditures <br />275,451 <br />863,911 <br />573,000 <br />Transfers In (Out) <br />From Improvement Equipment Outlay <br />- <br />- <br />- <br />From General Fund <br />240,000 <br />270,000 <br />300,000 <br />Excess (deficiency) of revenue <br />over expenditures <br />(24,578) <br />(589,326) <br />(268,000) <br />Fund Balance Beginning of Year <br />1,173,062 <br />1,148,483 <br />559,157 <br />Fund Balance End of Year <br />1,148,483 <br />559,157 <br />291,157 <br />Fund Balance Components <br />Assigned for Long Lake Fire Equipment <br />689,651 <br />370,833 <br />455,833 <br />Assigned for Capital Equipment Purchase: <br />458,832 <br />188,324 <br />(164,676) <br />Total Fund Balance <br />1,148,483 <br />559,157 <br />291,157 <br />The Improvement Equipmpent Outlay Construction <br />Fund was <br />created in 2010. The initial funding was provided by the closing <br />of the Improvement Equipment Outlay Special Revenue Fund <br />City of Orono - 2019 Budget Page 50 <br />