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aXY OF ORONO Ejdiibit E-2
<br />CAPITAL PROJECT FUNDS
<br />(XFBINING STAHMENT CF REVE2JUE, BOElICnURES, AND OiANGES IN FUTC BALANCE
<br />Year Ended December 31, 1989
<br />(With Comparative Totals for Year Ended December 31, 1988)
<br />Minnesota Penranent
<br />State-Aid Inprovement Totals
<br />Streets Revolving 1989 1988
<br />Revenue:
<br />TajflBS -
<br />Property $ -$ -$ -$ 2,384
<br />Special assessments -
<br />Principal, Interest, and penalties -62,830 62,830 31,881
<br />Intergovemmental revenue -
<br />State aid for construction 190,000 -190,000 2,113
<br />Other revenue -
<br />Interest earned on investments -37,440 37,440 11,871
<br />Miscellaneous -6,286 6,286 4.432
<br />Total Revenue 190,000 106,556 296,556 52,681
<br />Esqienditures:
<br />Capital projects -
<br />Navarre Heists storm sewer -1,071 1,071 -
<br />Hlghwood storm sewer -365 365 1,485
<br />Hlgjhway 12 sewer and other -11 11 5,589
<br />Old Crystal Bay Road sealcoat ---2,113
<br />Stubbs Bay sanitary sewer -5,678 5,678 4,980
<br />Hazardous buildings -11,166 11,166 9,501
<br />Crystal Bay sanitary sewer ---6,392
<br />Wocxlhlll Avenue street -7,389 7,389 36,%3
<br />County Road 15 storm sewer, street, and lights -570 570 344.117
<br />Total Expenditures —26,250 26,250 411,140
<br />Excess (Deficiency) of
<br />Revenue Over Expenditures 190,000 80,306 270,306 (358,459)
<br />Other Financing Sources (Uses):—
<br />Operating troisfers in (out) -
<br />To Permanent Improvement Revolving Find (190,000)-(190,000)-
<br />From Minnesota State-Aid Streets Find -190,000 190,000 -MM
<br />From General Fund -374.161 374,161 111,829
<br />Total Other Financing Sources (Uses)(190,000)564,161 374,161 111,829
<br />EXCESS (DEFICH2JCY) CF REVENUE AT© OTHER FTNANCINC
<br />SOURCES OVER EXFGOnURES AM) OTHER FINANCING USES $ -$ 644,467 $ 6*4,467 $(246,630)
<br />• ■
<br />Fund balance (deficit) - beginning of year 3,519 (81,357)(77,838)161,482 -
<br />Residual equity transfer in from G.O. State-Aid » •.
<br />Road Bonds of 1979 Fuxl ———7,310 •
<br />l\«i Balance (Deficit) - Ebd of Year $ 3,519 $ 563,110 $ 566,629 $ (77,838)‘ :
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