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CITY OF ORONO <br />NOTES T- FINANCIAL STATEMENTS (Continued) <br />December 31, 1989 <br />Note 7. INDIVIDUAL FUND DISCLOSURES (continued) <br />® Designated for Emergency Contingencies - This amount in the <br />Permanent Improvement Revolving Capital Project Fund repre­ <br />sents fund balances which have been designated by the City <br />Council to be segregated as an emergency source of fu.ids. <br />® Designated for Capital Projects - This amount in the Municipal <br />State-Aid Streets Capital Project Fund represents fund balance <br />which is presently committed to pay for an appropriate street <br />project. <br />* Designated for Debt Service - These amounts represent fund <br />balances which are presently committed to provide financial <br />resources to pay principal and Interest on the City's general <br />obligation bonds. <br />® Designated for Vacation/Severance Liability - This amount in <br />the General Fund represents fund balance which has been <br />designated for payment of the estimated long-term liability <br />for vacation and severance benefits. <br />Note 8.SEGMENT INFORMATION FOR ENTERPRISE FUNDS <br />The City provides services which are accounted for in the Enterprise <br />Funds. The segment information for these Enterprise Funds for the <br />t year ended December 31, 1989, is as follows: <br />5 <br />•Golf <br />1 Water Sewer Course <br />1 Operating Operating Operating Total <br />:«««Operating Revenue or Gross Profit $ 165,041 $ 401,693 $ 115,211 $ 681,945 <br />t Depreciation Expense $ 36,273 $ 130,525 $ 4,501 $ 171,299 <br />I 'Operating Income (Loss)$ (30,818) $ (28,629) $ 16,909 $ (42,538) <br />Net Income (Loss)$ (25,353)$ 41,459 $ 16,928$ 33,034 <br />i <br />(Property, Plant, and.Equipment - iklditions $ 118,835 $ 307,131 $ 329 $ 426,295 <br />Net Working Capital $ 113,926 $ 837,965 $ 6,387 $ 958,278 <br />Total Assets $2,513,710 $6,810,456$ 202,475 $9,526,641 <br />- <br />Total Equity $1,198,227 $5,373,956 $ 194,926 $6,767,109 <br />-43-