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City of Orono, Minnesota
<br /> Balance Sheet
<br />Governmental Funds
<br />December 31, 2020
<br />Municipal Other Total
<br />State Aid Governmental Governmental
<br /> General Street Funds Funds
<br />Assets
<br />Cash and temporary investments 3,552,153$ 614,196$ 5,288,272$ 9,454,621$
<br />Receivables
<br />Accrued interest 4,186 - 12,655 16,841
<br />Taxes 68,984 - 39,527 108,511
<br />Accounts 20,695 - - 20,695
<br />Special assessments - - 36,833 36,833
<br />Due from other governments 94,978 596,821 167,895 859,694
<br />Due from other funds 2,675,998 - - 2,675,998
<br />Prepaid items 26,849 - - 26,849
<br />Inventories 3,494 - - 3,494
<br />Total Assets 6,447,337$ 1,211,017$ 5,545,182$ 13,203,536$
<br />Liabilities
<br />Accounts and contracts payable 132,934$ -$ 628,073$ 761,007$
<br />Accrued salaries payable 70,733 - - 70,733
<br />Due to other governments 98,686 - - 98,686
<br />Due to other funds - 2,536,494 139,504 2,675,998
<br />Deposits payable 1,528,342 - - 1,528,342
<br />Unearned revenue 625 - 22,112 22,737
<br />Total Liabilities 1,831,320 2,536,494 789,689 5,157,503
<br />Deferred Inflows of Resources
<br />Unavailable revenues - delinquent taxes 68,984 - 39,527 108,511
<br />Unavailable revenues - special assessments - - 36,833 36,833
<br />Unavailable revenues - intergovernmental - 596,821 150,000 746,821
<br />Total Deferred Inflows of Resources 68,984 596,821 226,360 892,165
<br />Fund Balances
<br />Nonspendable 30,343 - - 30,343
<br />Restricted - - 2,908,430 2,908,430
<br />Committed - - 36,329 36,329
<br />Assigned - - 2,773,589 2,773,589
<br />Unassigned 4,516,690 (1,922,298) (1,189,215) 1,405,177
<br />Total Fund Balances 4,547,033 (1,922,298) 4,529,133 7,153,868
<br />Total Liabilities, Deferred Inflows
<br />of Resources and Fund Balances 6,447,337$ 1,211,017$ 5,545,182$ 13,203,536$
<br />The notes to the financial statements are an integral part of this statement.
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