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Exhibit B-1CITY OF ORONO, MINNESOTA
<br />General Fund
<br />Comparative Balance Sheet
<br />As of December 31, 1995 and 1994
<br />1995 1994
<br />Assets
<br />Cash and temporary investments $ 1,730,921 $ 1,344,283
<br />Receivables
<br />Accounts 16,770 14,721
<br />Accrued interest 102,292 84,638
<br />Delinquent taxes 41,516 70,464
<br />Delinquent special assessments 5,195 5,195
<br />Contract for deed 10,025 13,358
<br />Advances to other funds —10,043
<br />Due from other governmental units 42.020 100,829
<br />Prepaid items 35,603 34,502
<br />Deferred charge - assessmentsonpropertyownedbyCity 15,375 18,455
<br />Other assets 1,163 2,040
<br />Total assets $ 2,000,880 $ 1,698,528
<br />Liabilities and Fund Equity
<br />Liabilities
<br />Accounts payable $ 90,262 $ 75,535
<br />Accrued salaries payable 74,961 62,902
<br />Due to other funds 15,375 18.455
<br />Due to other governmental units 106,845 46.055
<br />Deferred revenue
<br />Contract for deed 10,025 13,358
<br />Delinquent taxes 41,516 46,470
<br />Special assessments 5,195 5,195
<br />Total liabilities 344,179 267,970
<br />Fund equity
<br />Fund balance
<br />Reserved for prepaid items —34,502
<br />Reserved for advances to other funds —10,043
<br />Unreserved
<br />Designated for vacation/severance benefits 140,913 137,421
<br />Undesignated 1,515,788 1,248,592
<br />Total fund equity 1,656.701 1,430,558
<br />Total liabilities and fund equity $ 2,000,880 $ 1,698,528
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