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City of Orono <br />Changes in Retained Earnings <br />Enterprise Funds <br />Storm Water Fund <br />Actual Estimated Estimated <br />2019 2020 2021 <br />Operating Revenues <br />Actual 452,705$ 281,160$ 554,936$ <br />Budget 281,000 281,160 554,936 <br />Actual Revenues Over (Under) <br />Budgeted Revenues 171,705 - - <br />Operating Expenditures <br />Actual 436,620$ 373,000$ 404,800$ <br />Budget 356,810 373,000 404,800 <br />Actual Expenditures Over (Under) <br />Budgeted Expenditures 79,810 - - <br />Excess (Deficiency) of Operating Revenue <br />Over Operating Expenditures 16,084 (91,840) 150,136 <br />Non-Operating Revenues (Expenditures) <br />Connection Fees, Interest 15,000 15,000 15,000 <br />Transfers Out: EOF - - (100,000) <br />Add Back: Depreciation Expenditure 46,257 62,000 143,000 <br />Excess (Deficiency) of Revenue <br />Over Expenditures 77,341 (14,840) 208,136 <br />Capital Outlay (308,080) (708,375) (404,140) <br />Cash Balance at December 31 1,186,111 497,896 301,892 <br /> Capital outlay items reduce cash, but are not expenditures. Depreciation expenditure is not cash basis. <br />City of Orono - 2021 Budget Page 60