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City of Orono, Minnesota
<br />Nonmajor Debt Service Funds
<br />Subcombining Statement of Revenues, Expenditures
<br />and Changes in Fund Balances
<br />For the Year Ended December 31, 2023
<br />321 322 323 324
<br />2014 2016 2021
<br />2010 General Improvement Refunding Improvement
<br />Obligation Bonds Bonds Bonds Bonds Total
<br />Revenues
<br />Taxes -$ 242,000$ -$ 760,000$ 1,002,000$
<br />Investment earnings 214 26,203 9,805 - 36,222
<br />Total Revenues 214 268,203 9,805 760,000 1,038,222
<br />Expenditures
<br />Debt service
<br />Principal - 235,000 520,000 340,000 1,095,000
<br />Interest and other charges 3,491 49,622 13,950 383,518 450,581
<br />Total Expenditures 3,491 284,622 533,950 723,518 1,545,581
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures (3,277) (16,419) (524,145) 36,482 (507,359)
<br />Other Financing Sources
<br />Transfers in 235,267 95,000 32,500 - 362,767
<br />Transfers out - - (235,267) (235,267)
<br />Total Other Financing
<br />Sources (Uses) 235,267 95,000 (202,767) 127,500
<br />Net Change in Fund Balances 231,990 78,581 (726,912) 36,482 (379,859)
<br />Fund Balances, January 1 (234,924) 626,324 880,506 (372,404) 899,502
<br />Fund Balances, December 31 (2,934)$ 704,905$ 153,594$ (335,922)$ 519,643$
<br />105
<br />Transfers inTransfers in 235,267 95,000 32,50032,500 --
<br />Transfers outTransfers out - - (235,267)
<br />Total Other FinancingTotal Other Financing
<br />Sources (Uses)Sources (Uses)235,267235,267 95,00095,000 (202,767)
<br />Net Change in Fund BalancesNet Change in Fund Balances 231,990231,990 78,58178,581 (726,912)(726,912) 36,48236,482
<br />Fund Balances, January 1Fund Balances, January 1 (234,924)(234,924) 626,324626,324 880,506 (372,404)(372,404)
<br />Fund Balances, December 31Fund Balances, December 31 (2,934)(2,934)$ $ 704,905704,905$ 153,594$ $ (335,922)(335,922)$ $
<br />140
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