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City of Orono, Minnesota
<br />Statement of Revenues, Expenditures and Changes in Fund Balances
<br />Governmental Funds
<br />For the Year Ended December 31, 2022
<br />Municipal Pavement
<br />State Aid Management
<br />General Street Plan
<br />Revenues
<br />Taxes 4,971,706$ -$ 899,999$
<br />Special assessments - - -
<br />Licenses and permits 727,426 - -
<br />Intergovernmental 509,839 319,390 -
<br />Charges for services 3,953,503 - 141,798
<br />Fines and forfeitures 69,239 - -
<br />Investment earnings (loss)(86,726) (12,938) 5,251
<br />Miscellaneous 25,697 - -
<br />Total Revenues 10,170,684 306,452 1,047,048
<br />Expenditures
<br />Current
<br />General government 1,406,879 - -
<br />Public safety 6,095,829 - -
<br />Public works 922,394 - -
<br />Parks and recreation 662,240 - -
<br />Community development - - -
<br />Capital outlay
<br />Public safety 191,140 -
<br />Public works - - 1,390,252
<br />Parks and recreation - - -
<br />Debt service
<br />Principal - - -
<br />Interest and other charges - - -
<br />Total Expenditures 9,278,482 - 1,390,252
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 892,202 306,452 (343,204)
<br />Other Financing Sources (Uses)
<br />Transfers in - - -
<br />Proceeds from sale of capital assets 2,940 - -
<br />Transfers out (300,000) - -
<br />Total Other Financing Sources (Uses)(297,060) - -
<br />Net Change in Fund Balances 595,142 306,452 (343,204)
<br />Fund Balances, January 1 4,658,173 (1,813,502) (774,042)
<br />Fund Balances, December 31 5,253,315$ (1,507,050)$ (1,117,246)$
<br />The notes to the financial statements are an integral part of this statement.
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