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City of Orono
<br />Changes in Retained Earnings
<br />Enterprise Funds
<br />Sewer Fund
<br />Actual Estimated Estimated
<br />2019 2020 2021
<br />Operating Revenues
<br />Actual 1,427,056$ 1,505,000$ 1,914,978$
<br />Budget 1,374,240 1,505,000 1,914,978
<br />Actual Revenues Over (Under)
<br />Budgeted Revenues 52,816 - -
<br />Operating Expenditures
<br />Actual 1,429,055$ 1,796,200$ 1,903,900$
<br />Budget 1,844,175 1,796,200 1,903,900
<br />Actual Expenditures Over (Under)
<br />Budgeted Expenditures (415,120) - -
<br />Excess (Deficiency) of Operating Revenue
<br />Over Operating Expenditures (1,999) (291,200) 11,078
<br />Non-Operating Revenues (Expenditures)
<br />Connections, Specials, Interest 55,416 10,000 10,000
<br />Interest Expense - - -
<br />Add Back: Depreciation Expenditure 326,642 353,600 754,200
<br />Transfer Out: Casco Point System (110,000) (110,000) (110,000)
<br />Transfer Out: EOF - - (115,000)
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<br />Excess (Deficiency) of Revenue
<br />Over Expenditures 270,059 (37,600) 550,278
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<br />Capital Outlay (972,194) (804,068) (815,000)
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<br />Cash Balance at December 31 2,266,716 1,425,048 1,160,326
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<br /> Capital outlay items reduce cash, but are not expenditures. Depreciation expenditure is not cash basis.
<br />City of Orono - 2021 Budget Page 59
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