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City of Orono <br />Changes in Fund Balance <br />Debt Service Funds <br />2016 Refunding Bond <br />Actual Estimated Estimated <br />2019 2020 2021 <br />Revenues <br />Actual 425,520$ 407,530$ 413,975$ <br />Budget 193,830 407,530 413,975 <br />Actual Revenues Over (Under) <br />Budgeted Revenues 231,690 - - <br />Expenditures <br />Actual 516,250$ 266,950$ 515,200$ <br />Budget 38,270 266,950 515,200 <br />Actual Expenditures Over (Under) <br />Budgeted Expenditures 477,980 - - <br />Other Financing Sources (Uses) <br />Transfer in: Community Investment - - - <br />Transfer in: Water Fund 55,000 55,000 55,000 <br />Transfer in: Sewer Fund 110,000 110,000 110,000 <br />Excess (Deficiency) of Revenue <br />Over Expenditures 74,270 305,580 63,775 <br />Fund Balance - Beginning of Year 703,860 778,130 1,083,710 <br />Fund Balance - End of Year 778,130 1,083,710 1,147,485 <br />Fund Balance Components <br />Assigned for Debt Service 778,130 1,083,710 1,147,485 <br />Total Fund Balance 778,130 1,083,710 1,147,485 <br />City of Orono - 2021 Budget Page 50