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City of Orono, Minnesota
<br />Nonmajor Governmental Funds
<br />Combining Statement of Revenues, Expenditures
<br />and Changes in Fund Balances
<br />For the Year Ended December 31, 2024
<br />Total
<br />Nonmajor
<br />Special Debt Capital Governmental
<br />Revenue Service Projects Funds
<br />Revenues
<br />Taxes 289,281$ 816,439$ 1,461,785$ 2,567,505$
<br />Special assessments 28,332 - - 28,332
<br />Licenses and permits 22,482 - - 22,482
<br />Intergovernmental - - 38,026 38,026
<br />Charges for services 22,711 - - 22,711
<br />Fines and forfeitures 50,706 - - 50,706
<br />Investment earnings 66,746 29,404 125,599 221,749
<br />Miscellaneous 21,425 - 30,000 51,425
<br />Total Revenues 501,683 845,843 1,655,410 3,002,936
<br />Expenditures
<br />Current
<br />Parks and recreation 48,505 - - 48,505
<br />Community development 4,559 - - 4,559
<br />Capital outlay
<br />Public safety - - 904,416 904,416
<br />Public works - - 1,793,343 1,793,343
<br />Parks and recreation 119,360 - - 119,360
<br />Debt service
<br />Principal - 595,000 71,177 666,177
<br />Interest and other charges - 433,764 24,444 458,208
<br />Total Expenditures 172,424 1,028,764 2,793,380 3,994,568
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures 329,259 (182,921) (1,137,970) (991,632)
<br />Other Financing Sources (Uses)
<br />Transfers in 141,606 334,503 1,704,310 2,180,419
<br />Transfers out (109,658) (153,594) (312,101) (575,353)
<br />Financed purchase issued - - 225,259 225,259
<br />Total Other Financing Sources (Uses) 31,948 180,909 1,617,468 1,830,325
<br />Net Change in Fund Balances 361,207 (2,012) 479,498 838,693
<br />Fund Balances, January 1, as previously stated 1,386,024 519,643 2,593,161 4,498,828
<br />Change within financial reporting entity (major to nonmajor) - - 449,730 449,730
<br />Fund Balances, January 1, as restated 1,386,024 519,643 3,042,891 4,948,558
<br />Fund Balances, December 31 1,747,231$ 517,631$ 3,522,389$ 5,787,251$
<br />97 124
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