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City of Orono, Minnesota
<br />Notes to the Financial Statements
<br />December 31, 2024
<br />
<br />Note 3: Detailed Notes on All Funds (Continued)
<br />F. Components of Fund Balance
<br />
<br />Fund equity balances are classified below to reflect the limitations and restrictions of the respective funds.
<br />Municipal
<br />State Aid Other
<br />General Street Governmental Total
<br />Nonspendable
<br />Prepaid items $ 92,393 $ - $ - $ - $ 92,393
<br />Leases - - 32,698 - 32,698
<br />Total Nonspendable 92,393 - 32,698 - 125,091
<br />Restricted for
<br />Debt service - - - 508,186 508,186
<br />Building projects - - 225,259 40,417 265,676
<br />Drug and alcohol law enforcement - - - 775,154 775,154
<br />Home buyer purchase assistance - - - 147,998 147,998
<br />Other improvements - - - 813 813
<br />HRA General fund - - - 601,467 601,467
<br />Total Restricted - - 225,259 2,074,035 2,299,294
<br />Committed to
<br />Park maintenance - - - 617,233 617,233
<br />
<br />Assigned to
<br />Capital improvements - - 2,573,412 3,584,518 6,157,930
<br />Unassigned 4,683,205 (1,120,809) - (488,535) 3,073,861
<br />Total 4,775,598$ (1,120,809)$ 2,831,369$ 5,787,251$ 12,273,409$
<br />Project
<br />Construction
<br />Fund
<br />
<br />
<br />72 99
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