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City of Orono, Minnesota
<br />Notes to the Financial Statements
<br />December 31, 2020
<br />Note 3: Detailed Notes on All Funds (Continued)
<br />E.Components of Fund Balance
<br />Fund equity balances are classified below to reflect the limitations and restrictions of the respective funds.
<br />Municipal
<br />State Aid Other
<br />General Street Governmental Total
<br />Nonspendable
<br />Prepaid items $ 26,849 $-$-$ 26,849
<br />Inventory 3,494 - -3,494
<br />Total Nonspendable 30,343 - - 30,343
<br />Restricted for
<br />Debt service - - 2,198,263 2,198,263
<br />Drug and Alcohol Law Enforcement - - 411,044 411,044
<br />Home Buyer Purchase Assistance - - 140,191 140,191
<br />Lurton Park Development and Maintenance - - 11,248 11,248
<br />Senior Housing - - 63,747 63,747
<br />Golf Course Improvements - - 283 283
<br />Big Island Improvements - - 83,052 83,052
<br />Other Improvements - - 602 602
<br />Total Restricted - - 2,908,430 2,908,430
<br />Committed to
<br />Park maintnence - - 36,329 36,329
<br />Assigned to
<br />Capital improvements - - 2,773,589 2,773,589
<br />Unassigned 4,516,690 (1,922,298) (1,189,215) 1,405,177
<br />Total 4,547,033$ (1,922,298)$ 4,529,133$ 7,153,868$
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