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CITY OF ORONO, MINNESOTA
<br />General Fund
<br />Comparative Balance Sheet
<br />As of December 31,1996 and 1995
<br />-52-
<br />1996
<br />Exhibit B-1
<br />1995
<br />Assets
<br />Cash and temporary investments $ 1,587,878 $ 1,730,921
<br />Receivables
<br />Accounts 1,265 16,770
<br />Accrued interest 77,065 102,292
<br />Delinquent taxes 44,667 41,516
<br />Delinquent special assessments 5,195 5,195
<br />Contract for deed 5,560 10,025
<br />Due from other governmental units 45,218 42,020
<br />Prepaid items 12,847 35,603
<br />Deferred charge - assessments on property owned by City 12,295 15,375
<br />Other assets 3,740 1,163
<br />Total assets $ 1.795.730 $ 2.000.880
<br />Liabilities and Fund Equity
<br />Liabilities
<br />Accounts payable $ 52,842 $ 90,262
<br />Accrued salaries payable 23,900 74,961
<br />Due to other funds 12,295 15,375
<br />Due to other governmental units 100,185 106,84<
<br />Deferred revenue
<br />Contract for deed 5,560 10,025
<br />Delinquent taxes 44,667 41,516
<br />Special assessments 5,195 5,195
<br />Total liabilities 244,644 344,179
<br />Fund equity
<br />Fund balance
<br />Unreserved
<br />Designated for vacation/severance benefits 151,520 140,913
<br />Undesignated 1,399,566 1,515,788
<br />Total fund equity 1,551,086 1,656,701
<br />Total liabilities and fund equity $ 1.795.730 $ 2.000.880
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