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City of Orono, Minnesota
<br />Internal Service Funds
<br />Combining Statement of Revenues, Expenses and Changes in Net Position
<br />For the Year Ended December 31, 2024
<br />703 705 701 710
<br />Insurance Compensated Fleet
<br />Fund Absences Management IT Services Total
<br />Operating Revenues
<br />Charges for services 704,592$ -$ 6,368$ -$ 710,960$
<br />Other 21,293 - 310,807 389,260 721,360
<br />Total Operating Revenues 725,885 - 317,175 389,260 1,432,320
<br />Operating Expenses
<br />Personnel services 253,335 - - 160,802 414,137
<br />Supplies - - 2,434.00 43,107 45,541
<br />Professional services - - - 303,420 303,420
<br />Repairs and maintenance - - 479,200 37,661 516,861
<br />Other Services and Charges 9,529 9,529
<br />Insurance 385,157 - - - 385,157
<br />Total Operating Expenses 638,492 - 491,163 544,990 1,674,645
<br />Operating Income (Loss) 87,393 - (173,988) (155,730) (242,325)
<br />Nonoperating Revenues
<br />Investment earnings (losses) 8,184 30,797 (608) (735) 37,638
<br />Income (Loss) Before Transfers 95,577 30,797 (174,596) (156,465) (204,687)
<br />Transfers In - - - 260,000 260,000
<br />Transfers Out - - (45,000) - (45,000)
<br />Change in Net Position 95,577 30,797 (219,596) 103,535 10,313
<br />Net Position, January 1 283,840 741,180 (240,802) (294,335) 489,883
<br />Net Position, December 31 379,417$ 771,977$ (460,398)$ (190,800)$ 500,196$
<br />125 152
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