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City of Orono, Minnesota
<br /> Balance Sheet
<br />Governmental Funds
<br />December 31, 2022
<br />Municipal Pavement
<br />State Aid Management
<br /> General Street Plan
<br />Assets
<br />Cash and temporary investments 4,705,413$ (2,764)$ 209,223$
<br />Receivables
<br />Accrued interest 9,473 - -
<br />Taxes 66,614 - -
<br />Accounts 11,448 - -
<br />Lease - - 735,229
<br />Due from other governments 140,985 293,233 10,191
<br />Due from other funds 2,755,491 - -
<br />Prepaid items 33,771 - -
<br />Total Assets 7,723,195$ 290,469$ 954,643$
<br />Liabilities
<br />Accounts and contracts payable 27,930$ -$ 66,328$
<br />Accrued salaries payable 106,503 - -
<br />Due to other governments 179,791 - -
<br />Due to other funds - 1,504,286 1,251,205
<br />Deposits payable 1,606,388 - -
<br />Unearned revenue 482,654 - 24,378
<br />Total Liabilities 2,403,266 1,504,286 1,341,911
<br />Deferred Inflows of Resources
<br />Deferred lease resources - - 729,978
<br />Unavailable revenues - delinquent taxes 66,614 - -
<br />Unavailable revenues - intergovernmental - 293,233 -
<br />Total Deferred Inflows of Resources 66,614 293,233 729,978
<br />Fund Balances
<br />Nonspendable 33,771 - -
<br />Restricted - - -
<br />Committed - - -
<br />Assigned - - -
<br />Unassigned 5,219,544 (1,507,050) (1,117,246)
<br />Total Fund Balances 5,253,315 (1,507,050) (1,117,246)
<br />Total Liabilities, Deferred Inflows
<br />of Resources and Fund Balances 7,723,195$ 290,469$ 954,643$
<br />The notes to the financial statements are an integral part of this statement.
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