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M <br />“1 <br />t ^ <br />fej - <br />14 <br />CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31, 1996 <br />NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) <br />D. Measurement Focus and Basis of Accounting <br />Measurement Focus <br />The measurement focus of a fund determines ahai the fund measures. <br />generally are included on the balance sheet ODera^TJ"! current assets and current liabilities <br />““ '*'> "O' “volve measu rement of results <br />Er;sri;crri2,r=‘zr S" rssa”? t? <br />Basis of Accounting <br />> “““'■‘0 “ ” «e„, is i„ u.e fund’s op.ra.ing <br />in the following manner: <br />-29-