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- 2 - <br />Another important indicator, Carlson explained, is a city's year-end general <br />fund balance. Orono's balance was $2,215,606, which was 127.0 percent of <br />current expenditures. <br />Carlson said that in general, metro municipalities have been building their fund <br />balances in recent years. "Our office has been recommending that fund balances <br />be strengthened." <br />"A healthy fund balance assures cash flow for normal operations," Carlson <br />stated, "while protecting a city in the event of a financial emergency.' <br />Carlson said that while fund balance and debt service are good barometers of <br />financial condition, they should be analyzed in a broad context. "Statistics <br />for 88 governments naturally run to extremes," he noted. <br />"Elected officials and municipal managers should review finances carefully, spot <br />long-term trends and consider unique local circumstances before reaching conclu- <br />sions based on one or two statistics," he said. <br />The city sewer fund had a net loss of $35,908 in 1985. The water fund had a net <br />loss of $16,687. The liquor store had a net loww of $8,594. The golf course <br />had net income of $9,264. <br />The city's revenues for 1985 came from the following sources: (Figures may not <br />add to 100% due to rounding.) <br />Property taxes . . . . . . . . . . . . 25% <br />Intergovernmental revenues . . . . . . 16% <br />Special assessments . . . . . . . . . 29%6 <br />Other . . . . . . . . . . . . . . . . 30% <br />The city's expenditures were divided as follows: <br />Pol ice . . . . . . . . . . . . . . . . 37% <br />General . . . . . . . . . . . . . . . 23% <br />Streets/highways . . . . . . . . . . . 18% <br />Fire . . . . <br />Culture/recreation/parks . . . . . . . 2% <br />Other . . . . . . . . . . . . . . . . 12% <br />