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City of Orono, Minnesota
<br />Statement of Revenues, Expenditures and Changes in Fund Balances
<br />Governmental Funds
<br />For the Year Ended December 31, 2020
<br />Municipal Other Total
<br />State Aid Governmental Governmental
<br />General Street Funds Funds
<br />Revenues
<br />Taxes 4,647,514$ -$ 1,395,720$ 6,043,234$
<br />Special assessments - - 35,881 35,881
<br />Licenses and permits 497,164 - 5,550 502,714
<br />Intergovernmental 532,205 256,420 650,886 1,439,511
<br />Charges for services 3,454,436 - 123,681 3,578,117
<br />Fines and forfeitures 44,001 - 28,427 72,428
<br />Investment earnings 61,661 9,798 101,849 173,308
<br />Miscellaneous 39,571 - 101,973 141,544
<br />Total Revenues 9,276,552 266,218 2,443,967 11,986,737
<br />Expenditures
<br />Current
<br />General government 1,359,102 - 373,223 1,732,325
<br />Public safety 5,593,636 - 6,252 5,599,888
<br />Public works 1,089,733 - - 1,089,733
<br />Parks and recreation 522,114 - 48,232 570,346
<br />Community development - - 111,781 111,781
<br />Capital outlay
<br />Public safety 212,438 - - 212,438
<br />Public works - 123 1,547,199 1,547,322
<br />Parks and recreation - - 808,910 808,910
<br />Debt service
<br />Principal - - 925,000 925,000
<br />Interest and other charges - - 164,613 164,613
<br />Total Expenditures 8,777,023 123 3,985,210 12,762,356
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 499,529 266,095 (1,541,243) (775,619)
<br />Other Financing Sources (Uses)
<br />Transfers in - - 570,000 570,000
<br />Proceeds from sale of capital assets 39,811 - - 39,811
<br />Transfers out (400,000) - - (400,000)
<br />Total Other Financing Sources (Uses)(360,189) - 570,000 209,811
<br />Net Change in Fund Balances 139,340 266,095 (971,243) (565,808)
<br />Fund Balances, January 1 4,407,693 (2,188,393) 5,500,376 7,719,676
<br />Fund Balances, December 31 4,547,033$ (1,922,298)$ 4,529,133$ 7,153,868$
<br />The notes to the financial statements are an integral part of this statement.
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