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CITY OF ORONO Exhibit B-1
<br />GT^MERAL FUND
<br />COMPARAilVE BALANCE SHEET
<br />As of December 31, 1989 and 1988
<br />1989 1988
<br />ASSETS
<br />Cash and <.* •it-.?nts $811,105 $2,961,668
<br />ReceivabK'^
<br />Accountj 6,707 11,346
<br />Accrued interest 83,457 117,069
<br />Delinquent taxes 63,486 52,484
<br />Delinqjent special assessments 178 -
<br />Contract for deed 42,879 57,154
<br />Due from other funds 553 140,306
<br />Advances to other funds 96,706 113,541
<br />Due from other governmental units 39,766 23,861
<br />Other assets 4,334 7,231
<br />Prepaid items 58,670 -
<br />Deferred charge - assessments on City-owned property 41.990 36,935
<br />Total Assets ,249,831 $3,521,595
<br />LIABILITIES AND FUND EQUITY
<br />Liabilities:
<br />Accounts payable $53,489 $ 66,571
<br />Accrued salaries payable 32,252 27,434
<br />Due to other funds 43,208 36,935
<br />Due to other governmental units 26,216 15,559
<br />Deferred revenue -
<br />Contract for deed 42,879 57,154
<br />Delinquent taxes and special assessments 63,664 52,484
<br />Total Liabilities 261,708 256,137
<br />Fund Equity:
<br />Fund balance -
<br />Reserved tor prepaid items 58,670 -
<br />Reserved for advances to other funds 96,706 113,541
<br />Unreserved -
<br />Designated for emergency contingencies -325,279
<br />Designated for vacation/severance liability 103,528 95,119
<br />Undesignated 729,219 2,731,519
<br />Total Fund Equity 988,123 3.265.458
<br />Total Liabilities and Fund Equity .249,831 $3,521,595
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