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-i- t" .'■I___ " ;••«P'. <br />IS' <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />IJt!’' <br />vV'. <br />I r-‘.fj <br />CITY OF ORONO. MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31, 1991 <br />NOTE 10 - INDIVIDUAL FUND DISCLOSURES (CONTINUED) <br />D. Other Indiiiduti Fund Information <br />The Minnesota State-Aid Streets Fund has a deficit fund balance of $402 at December 31. 1991. The <br />defich be funded with dedicated municipal State-aid or by a transfer from another fund. <br />For various reasons, certain funds have a portion of their fund equity reserved or designated for specific <br />purposes. A discussion of each such item as it appears on the Combined Balance Sheet follows: <br />lleaervallon of Retained Earning.s <br />* Reserve for Revenue Bond Debt Ser»'ice - fbis reserve in the Water and Sewer Operating <br />Funds r^rcsepo fund balances which are presently committed to provide financial resources <br />to pay principal and interest on the City ’s general obligation water and sewer revenue bonds. <br />Rcatf ration of Fund Balaines <br />Reserves for Advances to Other Funds and Prepaid Expenses - This reserve in the General <br />and Building Capital Oitlay Funds represents the amount of fund balance which does not <br />represent spendable resources of th? General and Building Capital Outlay Funds. <br />tignated for Unreserved Fund Balances <br />Designated for Road/Bridge Projects - This amount in the Permanent Improvement Revolving <br />Cig>ital Project Fund represents fund balance which has been designated for specific road and <br />brMge in^rovement projects. <br />Deiigntted for Emergency Contingencies - This amount in the Permanent Improvement <br />Revolving Capital Project Fund represents fond balances which have been designated by the <br />City Council to be segregated as an emergency source of funds. <br />Dcaignated for Construction - This amount represents fond balances which are committed to pay <br />for construction of the City facilities project aists in the 1991 Public Facilities CapitiJ Project <br />Fund. <br />Designated for Capital Outlay - These amounts represent fond balances which are committed <br />to pay for capital outlay in the Speco'l Revenue Funds <br />DetigiUded for Debt Service • These amounts represent fond balances which arc prMntly <br />OCMmiiifled to provide financial resources to pay incipal and interest on the City ’s gciM^ <br />obligMioa bonds <br />Daaigntged for VactUioA/Sevefance Benefits • Thi.\ amount in the General Fund represents <br />fond balance which has b^n designated for payment of the estimated long-term ii^ility for <br />vacation and severance benefits <br />.• <br />.1 <br />i