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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, 2021
<br />Municipal 2010
<br />State Aid Gneral Obligation
<br />General Street Bond
<br />Revenues
<br />Taxes 4,914,877$ -$ 5,537$ 743,555$
<br />Special assessments - - - -
<br />Licenses and permits 611,442 - - -
<br />Intergovernmental 546,258 110,209 11,469 -
<br />Charges for services 3,782,381 - - 134,522
<br />Fines and forfeitures 86,973 - - -
<br />Investment earnings (12,716) (1,413) 500 -
<br />Miscellaneous 41,833 - - -
<br />Total Revenues 9,971,048 108,796 17,506 878,077
<br />Expenditures
<br />Current
<br />General government 1,348,363 - - -
<br />Public safety 5,856,673 - - -
<br />Public works 811,636 - - -
<br />Parks and recreation 583,256 - - -
<br />Community development - - - -
<br />Capital outlay
<br />Public safety 305,671 - -
<br />Public works - - - 1,443,846
<br />Parks and recreation - - - -
<br />Debt service
<br />Principal - - 1,425,000 -
<br />Interest and other charges - - - -
<br />Bond issuance costs - - 63,838 -
<br />Total Expenditures 8,905,599 - 1,488,838 1,443,846
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 1,065,449 108,796 (1,471,332) (565,769)
<br />Other Financing Sources (Uses)
<br />Transfers in - - - 614,547
<br />Proceeds from sale of capital assets 31,388 - - -
<br />Transfers out (983,297) - - -
<br />Bonds issued - - - -
<br />Premium on bonds issued - - - -
<br />Total Other Financing Sources (Uses)(951,909) - - 614,547
<br />Net Change in Fund Balances 113,540 108,796 (1,471,332) 48,778
<br />Fund Balances, January 1 4,547,033 (1,922,298) 594,204 (822,820)
<br />Fund Balances, December 31 4,660,573$ (1,813,502)$ (877,128)$ (774,042)$
<br />Pavement
<br />Management
<br />Plan
<br />The notes to the financial statements are an integral part of this statement.
<br />DRAFT
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