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CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31, 1994 <br />NOTE 8 - DEFINED BENEFIT PENSION PLANS - STATEWIDE (CONTINUED) <br />D.Ten-Year Historical Trend Information <br />Ten-year historical trend information is presented in PERA’s Component Unit Financial Repon for the <br />year ended June 30, 1994. This information is useful in a.s.sessing the pension plan’s accumulation of <br />sufficient assets to pay pension benefits as they become due. <br />E.Related Party Investments <br />As of June 30, 1994, and for the fiscal year then ended, PERA held no securities is.sued by the City or <br />other related parties. <br />NOTE 9 - INDIVIDUAL FUND DISCLOSURES <br />A.Interfund Receivables and Payables at Year-End <br />Inter fund <br />Receivables <br />Interfund <br />Pavables <br />General Fund <br />Debt Service Fund.> <br />1985 Improvement <br />$$ 18.455 <br />18.455 <br />$ 18,455 $ 18.455 <br />B.Interfund Advances <br />Advances To Advances From <br />Other Funds Other Funds <br />General Fund <br />Capital Project Funds <br />Permanent Improvement Revolving <br />$ 10,041 <br />10,043 <br />$ 10.043 $ 10.0^', <br />In 1988. the General Fund advanced $113,541 to the Permanent Imprinement Revolving Fund to nay <br />for the construction costs of the County Ri*ad 15 street light project. The advance is considered a h.vn <br />and is subject to repayment from the Permanen* Improvement Revolving Fund to the General Fund from <br />special assessments levied against properties determined to benefit from the project. Because of the long ­ <br />term nature of the advance, the fund balance has been re.served in the General Fund for a corresponding <br />amiiunt In 1994. $12,938 was collected and applied to the advance leaving a bahmee of $10,043 at <br />December 31. 1994. <br />-51- <br />.J