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City of Orono, Minnesota
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenues, Expenditures
<br />and Changes in Fund Balances
<br />For the Year Ended December 31, 2020
<br />Total
<br />Nonmajor
<br />Special Debt Capital Governmental
<br />Revenue Service Projects Funds
<br />Revenues
<br />Taxes 82,686$ 705,821$ 607,213$ 1,395,720$
<br />Special assessments 33,955 - 1,926 35,881
<br />Licenses and permits 5,550 - - 5,550
<br />Intergovernmental 509,498 141,388 - 650,886
<br />Charges for services 18,643 - 105,038 123,681
<br />Fines and forfeitures 28,427 - - 28,427
<br />Investment earnings 15,774 30,124 55,951 101,849
<br />Miscellaneous 81,874 - 20,099 101,973
<br />Total Revenues 776,407 877,333 790,227 2,443,967
<br />Expenditures
<br />Current
<br />General government 373,223 - - 373,223
<br />Public safety 6,252 - - 6,252
<br />Parks and recreation 48,232 - - 48,232
<br />Community development 111,781 - - 111,781
<br />Capital outlay
<br />Public works - - 1,547,199 1,547,199
<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 1,348,398 1,089,613 1,547,199 3,985,210
<br />Deficiency of Revenues
<br />Under Expenditures (571,991) (212,280) (756,972) (1,541,243)
<br />Other Financing Sources
<br />Transfers in - 270,000 300,000 570,000
<br />Net Change in Fund Balances (571,991) 57,720 (456,972) (971,243)
<br />Fund Balances, January 1 952,092 2,140,543 2,407,741 5,500,376
<br />Fund Balances, December 31 380,101$ 2,198,263$ 1,950,769$ 4,529,133$
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