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City of Orono, Minnesota
<br /> Balance Sheet
<br />Governmental Funds
<br />December 31, 2021
<br />Municipal 2010
<br />State Aid General Obligation
<br /> General Street Bond
<br />Assets
<br />Cash and temporary investments 3,602,033$ (1,413)$ (877,341)$ 614,547$
<br />Receivables
<br />Accrued interest 1,001 - 909 -
<br />Taxes 69,606 - - 22,521
<br />Accounts 119,037 - - -
<br />Special assessments - - - -
<br />Due from other governments 150,056 495,625 (696) 12,066
<br />Due from other funds 3,097,041 - - -
<br />Prepaid items 37,176 - - -
<br />Inventories 3,494 - - -
<br />Total Assets 7,079,444$ 494,212$ (877,128)$ 649,134$
<br />Liabilities
<br />Accounts and contracts payable 118,922$ -$ -$ 92,486$
<br />Accrued salaries payable 101,667 - - -
<br />Due to other governments 80,022 - - -
<br />Due to other funds - 1,812,089 - 1,284,952
<br />Deposits payable 1,592,377 - - -
<br />Unearned revenue 456,277 - - 23,217
<br />Total Liabilities 2,349,265 1,812,089 - 1,400,655
<br />Deferred Inflows of Resources
<br />Unavailable revenues - delinquent taxes 69,606 - - 22,521
<br />Unavailable revenues - special assessments - - - -
<br />Unavailable revenues - intergovernmental - 495,625 - -
<br />Total Deferred Inflows of Resources 69,606 495,625 - 22,521
<br />Fund Balances
<br />Nonspendable 40,670 - - -
<br />Restricted - - - -
<br />Committed - - - -
<br />Assigned - - - -
<br />Unassigned 4,619,903 (1,813,502) (877,128) (774,042)
<br />Total Fund Balances 4,660,573 (1,813,502) (877,128) (774,042)
<br />Total Liabilities, Deferred Inflows
<br />of Resources and Fund Balances 7,079,444$ 494,212$ (877,128)$ 649,134$
<br />Pavement
<br />Management
<br />Plan
<br />The notes to the financial statements are an integral part of this statement.
<br />DRAFT
<br />38
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