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Exhibit C-4
<br />CITY OF ORONO, MINNESOTA
<br />Improvement and Equipment Capital Outlay Fund
<br />Statement of Revenue, Expenditures, and Changes in Fund Balance
<br />Budget and Actual (GAAP Basis)
<br />Year Ended December 31, 1998
<br />(with Comparative Actual Amounts for Year Ended December 31, 1997)
<br />1998
<br />Fund balance
<br />Beginning of year 367,088
<br />End of year $ 420,125
<br />1997
<br />Budget Actual
<br />Over
<br />(Under)
<br />Budget Actual
<br />Revenue
<br />Other
<br />Interest earned on investments $ 19,000 $ 22,748 $ 3,748 S 18,554
<br />User fees 12,400 11,881 (519)12,619
<br />Total revenue 31,400 34,629 3,229 31,173
<br />Expenditures
<br />Capital outlay
<br />General government
<br />Administration 7,500 5,507 (1.993)11,239
<br />Finance 375 402 27 6,758
<br />Assessing 4,650 4,861 2II —
<br />Central services 29,138 19,369 (9,769)1,873
<br />Public safety
<br />Building and zoning 200 241 41 28,355
<br />Police protection ———195
<br />Fire protection 28,365 28,588 223
<br />28,074
<br />Streets 33,338 30,067 (3,271)94,958
<br />Parks and recreation 18,500 20,895 2,395 —
<br />Total expenditures 122,066 109,930 (12,136)171,452
<br />Excess (deficiency) of
<br />revenue over expenditures (90,666)(75,301)15,365 (140,279)
<br />Other financing sources
<br />Sale of fixed assets ———20,817
<br />Operating transfers in 128,338 128,338 —95,000
<br />Total other financing sources 128,338 128,338
<br />—115,817
<br />Excess (deficiency) of revenue and other
<br />financing sources over expenditures $ 37,672 53,037 $ 15,365 (24,462)
<br />391,550
<br />$ 367.088
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