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CITY OF ORONO, MINNESOTA
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS
<br />YEAR ENDED DECEMBER 31, 2017
<br />
<br />
<br />(15)
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<br />The following is a summary of the City’s change in Business-type net position:
<br />
<br />2017 2016
<br />Annual
<br />Change
<br />Percent
<br />Change
<br />REVENUES
<br />Program Revenues:
<br />Charges for Services $ 2,544,429 $ 2,858,516 (314,087)$ (11)%
<br />Capital Grants and Contributions 45,218 - 45,218 -
<br />General Revenues:
<br />Unrestricted Interest Income on
<br /> Special Assessments 30,830 27,901 2,929 10
<br />Unrestricted Investment Earnings 54,443 57,319 (2,876) (5)
<br />Miscellaneous 155,079 133,066 22,013 17
<br />Total Revenues 2,829,999 3,076,802 (246,803) (8)
<br />EXPENSES
<br />Water Operating 680,595 634,562 46,033 7
<br />Sewer Operating 1,429,209 1,401,278 27,931 2
<br />Storm Water 190,935 225,113 (34,178) (15)
<br />Recycling 126,333 118,054 8,279 7
<br />Cable Television 48,684 31,724 16,960 53
<br />Total Expenses 2,475,756 2,410,731 65,025 3
<br />CHANGE IN NET POSITION
<br /> BEFORE TRANSFERS 354,243 666,071 (311,828) (47)
<br />Transfers (155,000) (155,000)- -
<br />CHANGE IN NET POSITION 199,243 511,071 (311,828) (61)
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<br />Net Position - Beginning of Year 22,428,774 21,917,703 511,071 2
<br />NET POSITION - END OF YEAR 22,628,017$ 22,428,774$ 199,243$ 1 %
<br />Business-Type Activities
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<br />The business-type activities showed a decrease in revenues of 8%, mainly due to a decrease in
<br />charges for services in the Storm Water fund as the city did not collect any trunk fees in the CY due to
<br />decreased development from 2017. Expenses also increased 3%, largely as a result of the increased
<br />usage and related expenses.
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