|
City of Orono, Minnesota
<br />Internal Service Funds
<br />Combining Statement of Revenues, Expenses and Changes in Net Position
<br />For the Year Ended December 31, 2023
<br />703 705 701 710
<br />Insurance Compensated Fleet
<br />Fund Absences Management IT Services Total
<br />Operating Revenues
<br />Charges for services 701,411$ -$ 7,750$ -$ 709,161$
<br />Other 18,920 - 220,716 343,838 583,474
<br />Total Operating Revenues 720,331 - 228,466 343,838 1,292,635
<br />Operating Expenses
<br />Personnel services 252,679 - - 115,156 367,835
<br />Supplies - - 795.00 30,175 30,970
<br />Professional services - - - 144,349 144,349
<br />Repairs and maintenance - - 340,193 102,464 442,657
<br />Other Services and Charges 2,891 2,891
<br />Insurance 359,578 - - - 359,578
<br />Total Operating Expenses 612,257 - 343,879 392,144 1,348,280
<br />Operating Income (Loss) 108,074 - (115,413) (48,306) (55,645)
<br />Nonoperating Revenues
<br />Investment earnings 10,713 38,063 605 734 50,115
<br />Change in Net Position 118,787 38,063 (114,808) (47,572) (5,530)
<br />Net Position, January 1 165,053 703,117 (125,994) (246,763) 495,413
<br />Net Position, December 31 283,840$ 741,180$ (240,802)$ (294,335)$ 489,883$
<br />121
<br />Nonoperating RevenuesNonoperating Revenues
<br />Investment earningsInvestment earnings 10,71310,713 38,06338,063 605 734734
<br />Change in Net PositionChange in Net Position 118,787118,787 38,06338,063 (114,808)(114,808) (47,572)(47,572)
<br />Net Position, January 1Net Position, January 1 165,053165,053 703,117703,117 (125,994)(125,994) (246,763)(246,763) 495,413
<br />Net Position, December 31Net Position, December 31 283,840283,840$ 741,180$ $ (240,802)(240,802)$ $ (294,335)(294,335)$ 489,883$
<br />156
|