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12-07-2020 Council Packet
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12-07-2020 Council Packet
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12/8/2020 10:09:30 AM
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Actual Estimated Estimated <br />Revenues 2019 2020 2021 <br /> <br />Actual 62,622$ 15,000$ 10,000$ <br />Budget - 15,000 10,000 <br />Actual Revenues Over (Under) <br />Budgeted Revenues 62,622 - - <br /> <br />Expenditures <br />Actual 160,353$ 131,414$ 568,600$ <br />Budget - - - <br />Actual Expenditures Over (Under) <br />Budgeted Expenditures 160,353 131,414 568,600 <br />Transfers In (Out) <br />From Improvement Equipment Outlay - - - <br />From General Fund 255,000 300,000 315,000 <br />Excess (deficiency) of revenue <br />over expenditures 157,269 183,586 (243,600) <br />Fund Balance Beginning of Year 529,445 686,714 870,301 <br />Fund Balance End of Year 686,714 870,301 626,701 <br /> <br />Fund Balance Components <br />Assigned for Long Lake Fire Equipment 316,000 405,000 9,350 <br />Assigned for Capital Equipment Purchases 370,714 465,301 617,351 <br /> <br />Total Fund Balance 686,714 870,301 626,701 <br />Capital Project Funds <br />City of Orono <br />Improvement Equipment Outlay <br />Changes in Fund Balance <br />The Improvement Equipmpent Outlay Construction Fund was created in 2010. The initial funding was <br />provided by the closing of the Improvement Equipment Outlay Special Revenue Fund. <br />City of Orono - 2021 Budget Page 52
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