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City of Orono, Minnesota
<br />Nonmajor Debt Service Funds
<br />Subcombining Statement of Revenues, Expenditures
<br />and Changes in Fund Balances
<br />For the Year Ended December 31, 2020
<br />321 322 323
<br />2000 2016
<br />2010 General Improvement Refunding
<br />Obligation Bonds Bonds Bonds Total
<br />Revenues
<br />Taxes 136,222$ 161,190$ 408,409$ 705,821$
<br />Intergovernmental 141,388 - - 141,388
<br />Investment earnings 8,084 12,148 9,892 30,124
<br />Total Revenues 285,694 173,338 418,301 877,333
<br />Expenditures
<br />Debt service
<br />Principal 215,000 225,000 485,000 925,000
<br />Interest and other charges 59,519 63,344 41,750 164,613
<br />Total Expenditures 274,519 288,344 526,750 1,089,613
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 11,175 (115,006) (108,449) (212,280)
<br />Other Financing Sources
<br />Transfers in - 100,000 170,000 270,000
<br />Net Change in Fund Balances 11,175 (15,006) 61,551 57,720
<br />Fund Balances, January 1 583,029 779,384 778,130 2,140,543
<br />Fund Balances, December 31 594,204$ 764,378$ 839,681$ 2,198,263$
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