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City of Orono
<br />Changes in Retained Earnings
<br />Enterprise Funds
<br />Storm Water Fund
<br />Over Expenditures 127,143
<br />Capital Outlay (271,500)
<br />Cash Balance at December 31 1,640,264
<br />Capital outlay items reduce cash, but are not expenditures.
<br />1,358,868
<br />(308,080)
<br />2,726,052
<br />1,085,200
<br />(708,375)
<br />3,137,877
<br />City of Orono - 2019 Budget Page 58
<br />Actual
<br />Estimated
<br />Estimated
<br />2017
<br />2018
<br />2019
<br />Operating Revenues
<br />Actual
<br />$ 308,938
<br />$ 1,505,000
<br />$1,427,010
<br />Budget
<br />1,374,240
<br />1,505,000
<br />1,427,010
<br />Actual Revenues Over (Under)
<br />Budgeted Revenues
<br />(1,065,302)
<br />-
<br />-
<br />Operating Expenditures
<br />Actual
<br />$ 196,795
<br />$ 161,132
<br />$ 356,810
<br />Budget
<br />151,550
<br />161,132
<br />356,810
<br />Actual Expenditures Over (Under)
<br />Budgeted Expenditures
<br />45,245
<br />-
<br />-
<br />Excess (Deficiency) of Operating Revenue
<br />Over Operating Expenditures
<br />112,143
<br />1,343,868
<br />1,070,200
<br />Non -Operating Revenues (Expenditures)
<br />Connection Fees, Interest
<br />15,000
<br />15,000
<br />15,000
<br />Transfers Out: PMP
<br />-
<br />-
<br />Grants
<br />-
<br />-
<br />-
<br />Excess (Deficiency) of Revenue
<br />Over Expenditures 127,143
<br />Capital Outlay (271,500)
<br />Cash Balance at December 31 1,640,264
<br />Capital outlay items reduce cash, but are not expenditures.
<br />1,358,868
<br />(308,080)
<br />2,726,052
<br />1,085,200
<br />(708,375)
<br />3,137,877
<br />City of Orono - 2019 Budget Page 58
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