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CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31, 1998 <br />NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) <br />Net <br />Adopted Budget Amended <br />Budget Amendment Budget <br />59,000 $(27,705)$ 31,295 <br />125,075 (3,009)122,066 <br />148,675 80,735 229,410 <br />1,826 1,826 <br />Special Revenue Funds Expenditures <br />Park Fund <br />Capital outlay <br />Improvement and Equipment Capital Outlay Fund <br />Capital outlay <br />Building Capital Outlay Fund <br />Capital outlay and transfers out <br />Drug and Felony Forfeiture Fund <br />Miscellaneous <br />The expenditure budget amendments in the Special Revenue Funds were for the following purposes: <br />“ Park Fund - The budget was decreased to reallocate funds to other park projects. <br />° Improvement and Equipment Capital Outlay Fund - The budget was decreased for cost not <br />to be incurred until 1999. <br />° Building Capital Outlay Fund - The budget was increased to provide for additional costs <br />related to an entrance canopy at the Public Works building and repairs to the City Hall roof. <br />° Drug and Felony Forfeiture Fund - The budget was increased to provide for costs related to <br />drug and felony forfeitures. <br />M. Memorandum Only Columns <br />Because the accounting system is organized and operated on a fund basis, the columns on the combined <br />financial statements captioned, "Totals (Memorandum Only),” are presented for informational purposes only <br />and are not intended to represent consolidated information. Data in these columns does not present financial <br />position, re.sults of operations, or cash flows in conformity with generally accepted accounting principles. <br />Interfimd eliminations have not been made in the aggregation of this data. <br />N. Comparative Data/Reclassifications <br />Comparative total data for the p’’ior ye-^- has been presented in the accompanying financial statements in <br />order to provide an understanding of changes in the City’s financial position and operations. However, <br />comparative data has not been presented in all statements because its inclusion would make certain <br />statements unduly complex and difficult t^* understand. <br />-33-