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City of Orono, Minnesota
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenues, Expenditures
<br />and Changes in Fund Balances
<br />For the Year Ended December 31, 2023
<br />Total
<br />Nonmajor
<br />Special Debt Capital Governmental
<br />Revenue Service Projects Funds
<br />Revenues
<br />Taxes 228,908$ 1,002,000$ 219,000$ 1,449,908$
<br />Special assessments 22,698 - - 22,698
<br />Licenses and permits 62,446 - - 62,446
<br />Intergovernmental - - 372,456 372,456
<br />Charges for services 28,525 - - 28,525
<br />Fines and forfeitures 102,312 - - 102,312
<br />Investment earnings 56,947 36,222 103,941 197,110
<br />Miscellaneous - - 71,543 71,543
<br />Total Revenues 501,836 1,038,222 766,940 2,306,998
<br />Expenditures
<br />Current
<br />Public safety 2,171 - - 2,171
<br />Parks and recreation 23,076 - - 23,076
<br />Community development 154,566 - - 154,566
<br />Capital outlay
<br />Public safety - - 708,195 708,195
<br />Public works - - 734,541 734,541
<br />Parks and recreation 31,432 - - 31,432
<br />Debt service
<br />Principal - 1,095,000 - 1,095,000
<br />Interest and other charges - 450,581 - 450,581
<br />Total Expenditures 211,245 1,545,581 1,442,736 3,199,562
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 290,591 (507,359) (675,796) (892,564)
<br />Other Financing Sources
<br />Transfers in 500,000 362,767 1,008,609 1,871,376
<br />Transfers out - (235,267) (741,435) (976,702)
<br />Financed purchase issued - - 484,900 484,900
<br />Total Other Financing Sources (Uses) 500,000 127,500 752,074 1,379,574
<br />Net Change in Fund Balances 790,591 (379,859) 76,278 487,010
<br />Fund Balances, January 1 595,433 899,502 2,516,883 4,011,818
<br />Fund Balances, December 31 1,386,024$ 519,643$ 2,593,161$ 4,498,828$
<br />95
<br />Public safetyPublic safety 2,1712,171 - --
<br />Parks and recreationParks and recreation 23,07623,076 - --
<br />Community developmentCommunity development 154,566154,566 - --
<br />Capital outlayCapital outlay
<br />Public safetyPublic safety -- - 708,195708,195
<br />Public worksPublic works -- - 734,541734,541
<br />Parks and recreationParks and recreation 31,432 - --
<br />Debt serviceDebt service
<br />130
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