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City of Orono, Minnesota
<br />Nonmajor Debt Service Funds
<br />Subcombining Statement of Revenues, Expenditures
<br />and Changes in Fund Balances
<br />For the Year Ended December 31, 2024
<br />321 322 323 324
<br />2014 2016 2021
<br />2010 General Improvement Refunding Improvement
<br />Obligation Bonds Bonds Bonds Bonds Total
<br />Revenues
<br />Taxes -$ 63,582$ -$ 752,857$ 816,439$
<br />Investment earnings - 29,587 - (183) 29,404
<br />Total Revenues - 93,169 - 752,674 845,843
<br />Expenditures
<br />Debt service
<br />Principal - 240,000 - 355,000 595,000
<br />Interest and other charges 2 49,888 - 383,874 433,764
<br />Total Expenditures 2 289,888 - 738,874 1,028,764
<br />Excess (Deficiency) of Revenues
<br />Over (Under) Expenditures (2) (196,719) - 13,800 (182,921)
<br />Other Financing Sources (Uses)
<br />Transfers in 2,936 - - 331,567 334,503
<br />Transfers out - - (153,594) - (153,594)
<br />Total Other Financing
<br />Sources (Uses) 2,936 - (153,594) 331,567 180,909
<br />Net Change in Fund Balances 2,934 (196,719) (153,594) 345,367 (2,012)
<br />Fund Balances, January 1 (2,934) 704,905 153,594 (335,922) 519,643
<br />Fund Balances, December 31 -$ 508,186$ -$ 9,445$ 517,631$
<br />109 136
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