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CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31, 1995 <br />NOTE 9 - INDIVIDUAL FLTVD DISCLOSURES (CONTINUED) <br />" Designated for Debt Semce - These amounts represent fund balances which are presently <br />committed to provide financial resources to pay principal and interest on the City's general <br />obligation bonds. <br />“ Designated for Vacation/Severance Benefits - This amount in the General Fund represents <br />fund balance which has been designated for payment of the estimated long-term liability for <br />vacation and severance benefits. <br />NOTE 10 - FUND TRANSFERS <br />The following transfers were made during the year ended December 31, 1995 <br />A. Operatii^ Transfers <br />Funds <br />Transferred From <br />General Fund <br />Transferred To Amount <br />Special Revenue Fund - <br />Building Capital Outlay <br />Special Revenue Fund - <br />Improvement and <br />Equipment Capital Outlay <br />Debt Service Fund - <br />1991 Public Facilities <br />Revenue Bonds <br />Description <br />$ 84,900 Capital outlay expendimres. <br />123,000 To finance current operating <br />expenditures. <br />$ 207,900 <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />B. Residual Equity Transfers <br />Funds <br />Transferred From Transferred To <br />Debt Service Fund - Enterprise Fund - <br />1980 Improvement Bonds Water Operating (1) <br />Amount Description <br />$ 26,326 To close 1980 Improvement <br />Bond Debt Service Fund. <br />(1) The residual equity transfer to the Water Operating Fund was closed to contributed equity and <br />therefore is not reflected on the Combined Statement of Revenue, Expenses, and Changes in <br />Retained Earnings - Proprietar>' Fund Type. It must be included to reconcile residual equity <br />transfers in and out for the reporting entity within the general purpose financial statements. <br />-51-