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City of Orono, Minnesota
<br /> Balance Sheet
<br />Governmental Funds
<br />December 31, 2023
<br />Municipal Pavement
<br />State Aid Management
<br />General Street Plan
<br />Assets
<br />Cash and temporary investments 4,108,896$ 163,447$ 507,380$
<br />Receivables
<br />Accrued interest 7 - 503
<br />Taxes 74,890 - -
<br />Accounts 77,651 - -
<br />Special assessments - - -
<br />Lease - - 1,280,518
<br />Due from other governments 113,858 689,362 6,932
<br />Due from other funds 1,504,286 - -
<br />Prepaid items 93,611 - -
<br />Total Assets 5,973,199$ 852,809$ 1,795,333$
<br />Liabilities
<br />Accounts and contracts payable 137,165$ -$ 27,536$
<br />Accrued salaries payable 101,701 - -
<br />Due to other governments 104,801 - 111,094
<br />Due to other funds - 1,504,286 -
<br />Deposits payable 1,336,899 - -
<br />Total Liabilities 1,680,566 1,504,286 138,630
<br />Deferred Inflows of Resources
<br />Deferred lease resources - - 1,206,973
<br />Unavailable revenues - delinquent taxes 74,890 - -
<br />Unavailable revenues - special assessments - - -
<br />Unavailable revenues - intergovernmental - 689,362 -
<br />Total Deferred Inflows of Resources 74,890 689,362 1,206,973
<br />Fund Balances
<br />Nonspendable 93,611 - -
<br />Restricted - - -
<br />Committed - - -
<br />Assigned - - 449,730
<br />Unassigned 4,124,132 (1,340,839) -
<br />Total Fund Balances 4,217,743 (1,340,839) 449,730
<br />Total Liabilities, Deferred Inflows
<br />of Resources and Fund Balances 5,973,199$ 852,809$ 1,795,333$
<br />The notes to the financial statements are an integral part of this statement.
<br />40
<br />Accounts and contracts payableAccounts and contracts payable 137,165137,165$ --$ $ $
<br />Accrued salaries payableAccrued salaries payable 101,701101,701 --
<br />Due to other governmentsDue to other governments 104,801104,801 --
<br />Due to other fundsDue to other funds - 1,504,2861,504,286
<br />Deposits payableDeposits payable 1,336,8991,336,899 --
<br />Total LiabilitiesTotal Liabilities 1,680,5661,680,566 1,504,2861,504,286
<br />75
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