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i ' <br />CITY OF ORONO, MINNESOTA <br />Golf Course Operating Fund <br />Comparative Balance Sheet <br />As of December 31, 1996 and 1995 <br />Exhibit F-10 <br />1996 1995 <br />'[■; '■ <br />f,;' ■ > <br />V' - <br />-Assets <br />t <br />Current assets <br />-N Cash and temporary investments $ 240,997 $ 185,408 <br />1 Accrued interest receivable 97 5,541 <br />Due from other governmental units 193 — <br />Inventory 2,268 2,289 <br />•Prepaid items 950 <br />Total current assets 243,555 198,188 <br />Property, plant, and equipment <br />—Land and improvements 127,977 127,977 <br />Buildings and improvements 51,550 48,722 <br />Equipment 116,942 101,968 <br />296,469 278,667 <br />Less accumulated depreciation 71,207 65,894 <br />Net property, plant, and equipment 225,262 212,773 <br />Total assets $ 468.817 $ 410.961 <br />1 Liabilities and Fund Equity <br />Current liabilities <br />1 j <br />1 Accounts payable $ 2,722 $ 1,731 <br />Salaries and compensated absences payable 854 2,747 <br />Total current liabilities 3,576 4,478 <br />—Long-term 'labilities, less current portion <br />Compensated absences payable 7,131 6,785 <br />—Total liabilities 10,707 11,263 <br />Fund equity <br />—Contributed capital 131,457 130,854 <br />Retained earnings 326,653 268,844 <br />"I Total fund equity 458,110 399,698 <br />Total liabilities and fund equity $ 468.817 $ 410,961 <br />i i--90-