|
<br />
<br />City of Orono, Minnesota
<br />Notes to the Financial Statements
<br />December 31, 2021
<br />
<br />Note 3: Detailed Notes on All Funds (Continued)
<br />
<br />E. Components of Fund Balance
<br />
<br />Fund equity balances are classified below to reflect the limitations and restrictions of the respective funds.
<br />
<br />Municipal 2010
<br />State Aid General Obligation Other
<br />General Street Bond Governmental Total
<br />Nonspendable
<br />Prepaid items $ 37,176 $ - $ - $ - $ 37,176
<br />Inventory 3,494 - - - 3,494
<br />Total Nonspendable 40,670 - - - 40,670
<br />Restricted for
<br />Debt service - - - - - 1,666,201 1,666,201
<br />Building Projects - - - - 15,471,639 - 15,471,639
<br />Drug and Alcohol Law Enforcement - - - - - 566,249 566,249
<br />Home Buyer Purchase Assistance - - - - - 139,857 139,857
<br />Lurton Park Development and Maintenance - - - - - 9,591 9,591
<br />Golf Course Improvements - - - - - 283 283
<br />Big Island Improvements - - - - - 88,825 88,825
<br />Other Improvements - - - - - 17,396 17,396
<br />HRA General Fund - - - - - 601,467 601,467
<br />Total Restricted - - - 15,471,639 3,089,869 18,561,508
<br />Committed to
<br />Park maintnence - - - - - 38,712 38,712
<br />
<br />Assigned to
<br />Capital improvements - - 306,873 2,938,363 3,245,236
<br />Unassigned 4,619,903 (1,813,502) (877,128) (774,042) - (1,019,694) 135,537
<br />Total 4,660,573$ (1,813,502)$ (877,128)$ (774,042)$ 15,778,512$ 5,047,250$ 22,021,663$
<br />Pavement
<br />Manaqgement
<br />Plan
<br />Project
<br />Construction
<br />Fund
<br />
<br />
<br />
<br />
<br />
<br />DRAFT
<br />70
|