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CITY OF ORONO. MINNESOTA
<br />General Fund
<br />Comparative Balance Sheet
<br />As of December 31,1998 and 1997
<br />Assets
<br />1998
<br />Exhibit B*I
<br />1997
<br />Cash and temporary investments $ 2,089,456 S 1,924,159
<br />Receivables
<br />Accounts 20,266 4,877
<br />Accrued interest 41,767 38,123
<br />Delinquent taxes 48,958 “'9,112
<br />Delinquent special assessments 5,195 5,195
<br />Contract for deed 3,083 3,531
<br />Due from other governments 24,668 40,249
<br />Prepaid items 18,020 —
<br />Deferred charge - assessments on property owned by City 6,135 9,215
<br />Other assets 1,447 2,666
<br />Total assets S 2.258.995 S 2.067.127
<br />Liabilities and Fund Equity
<br />Liabilities
<br />Accounts payable $ 55,027 $ 57,263
<br />Accrued salaries payable 35,375 28,851
<br />Due to other funds 6,135 9,215
<br />Due to other governments 148,925 139,804
<br />Deferred revenue
<br />Contract for deed 3,083 3,531
<br />Delinquent taxes 48,958 39,112
<br />Special assessments 5,195 5,195
<br />Total liabilities 302,698 282,971
<br />Fund equity
<br />Fund balance
<br />Unreserved
<br />Designated for vacation/severance benefits 164,997 152,262
<br />Undesignated 1,791,300 1,631,894
<br />Total fund equity 1,956,297 1,784,156
<br />Total liabilities and fund equity S 2.258.995 S 2.067.127
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