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im %w-fci <br />h <br />fi- •• <br />r-. <br />I <br />t:r <br />i^. <br />CITY OF ORONO. MINNESOTA <br />Notes to Financial Staiejnenis (continueJ) <br />December 31. 1991 <br />NOTE iO - INDIVIDUAL FUND DISCLOSURES (CONTINUI <br />In 1988, the General Fund advanced $113,541 to the Permanent Improvement Revolving Fund to pay <br />the construction costs of the County Road 15 street light project. The a dvance is considered a loan and <br />it subject to repayment from the Permanent Improvement Revolving l und to the Genera: Fund from <br />special assessment' levivj against properties determined to benefit f »ie< * Becai e of the long­ <br />term nature of d.< nlvmce, the fund balance has been reserved in .i Gen • l nd for ' corresponding <br />amount. In 1991, $20,032 was co.lccted and applied to the adva.K !e.- • . j ^ of $56,900 at <br />December 31, 1991. <br />In 1991, the Building Capital Outlay Fund advanced $'?85,689 u the IVvi blic Facilities Capital <br />Project Fund for the purpt^seof paying land acquisition, construction, and telat..: costs regarding the new <br />Chy Hall, City offices, police facilities, and Public Works facilities pioie.t The advance is considered <br />a loan and is to be repaid from Nmd proceeds ot the Public Facilities Revenue Bonds sold in 1991. <br />B. Intcrfund Receivables and Payables at Year-End <br />Intertund <br />Receivables <br />'fund <br />Fisv^bles <br />General Fund <br />Special Revenue Funds <br />Park <br />Debt Service Funds <br />1985 Improvement <br />Capital Project Funds <br />Permanent Improvement Revolving <br />Enterprise Funds <br />Water Operating <br />Sewer Operating <br />$ 12.191 $ 48.240 <br />14.912 <br />27.6^)5 <br />4.4P4 <br />1.354 <br />2,443 <br />6.099 <br />8.740 <br />$ 63.QV^ $ 6^079 <br />C. IntCffund Operating Transfers Made During the Year <br />Fund <br />From Amount Purpose <br />Gcne'al liTtprovement and $ 60.750 Capital Outlay Expenditures <br />Equipment Outlay <br />Building Cap ’ial <br />Outlay <br />General 102.o‘>0 Current Opel tting Exp tditures <br />k ■ <br />I <br />li <br />1 <br />n <br />I