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City of Orono, Minnesota
<br />Nonmajor Debt Service Funds
<br />Subcombining Statement of Revenues, Expenditures
<br />and Changes in Fund Balances
<br />For the Year Ended December 31, 2022
<br />321 322 323 324
<br />2000 2016 2021
<br />2010 General Improvement Refunding Improvement
<br />Obligation Bonds Bonds Bonds Bonds Total
<br />Revenues
<br />Taxes 2,556$ 161,457$ 416,630$ -$ 580,643$
<br />Intergovernmental 646,090 - - - 646,090
<br />Investment earnings (loss)(567) (20,988) (42,138) - (63,693)
<br />Total Revenues 648,079 140,469 374,492 - 1,163,040
<br />Expenditures
<br />Debt service
<br />Principal - 230,000 505,000 - 735,000
<br />Interest and other charges 5,875 51,919 29,913 372,404 460,111
<br />Total Expenditures 5,875 281,919 534,913 372,404 1,195,111
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 642,204 (141,450) (160,421) (372,404) (32,071)
<br />Other Financing Sources
<br />Transfers in - 45,000 97,500 - 142,500
<br />Net Change in Fund Balances 642,204 (96,450) (62,921) (372,404) 110,429
<br />Fund Balances, January 1 (877,128) 722,774 943,427 - 789,073
<br />Fund Balances, December 31 (234,924)$ 626,324$ 880,506$ (372,404)$ 899,502$
<br />107 153
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