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City of Orono
<br />Changes in Retained Earnings
<br />Enterprise Funds
<br />Sewer Fund
<br />City of Orono - 2019 Budget Page 57
<br />Actual
<br />Estimated
<br />Estimated
<br />2017
<br />2018
<br />2019
<br />Operating Revenues
<br />Actual
<br />$1,427,056
<br />$ 1,505,000
<br />$1,427,010
<br />Budget
<br />1,374,240
<br />1,505,000
<br />1,427,010
<br />Actual Revenues Over (Under)
<br />Budgeted Revenues
<br />52,816
<br />-
<br />-
<br />Operating Expenditures
<br />Actual
<br />$1,429,055
<br />$ 1,630,240
<br />$1,844,175
<br />Budget
<br />1,589,830
<br />1,630,240
<br />1,844,175
<br />Actual Expenditures Over (Under)
<br />Budgeted Expenditures
<br />(160,775)
<br />-
<br />-
<br />Excess (Deficiency) of Operating Revenue
<br />Over Operating Expenditures
<br />(1,999)
<br />(125,240)
<br />(417,165)
<br />Non -Operating Revenues (Expenditures)
<br />Connections, Specials, Interest
<br />55,416
<br />10,000
<br />10,000
<br />Interest Expense
<br />-
<br />-
<br />-
<br />Transfer Out: Casco Point System
<br />(110,000)
<br />(110,000)
<br />(110,000)
<br />Transfer Out: Debt Support
<br />-
<br />-
<br />-
<br />Excess (Deficiency) of Revenue
<br />Over Expenditures
<br />(56,583)
<br />(225,240)
<br />(517,165)
<br />Capital Outlay
<br />(1,140,520)
<br />(972,194)
<br />(804,068)
<br />Cash Balance at December 31
<br />2,281,268
<br />1,343,835
<br />282,602
<br />Capital outlay items reduce cash, but are not expenditures.
<br />City of Orono - 2019 Budget Page 57
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