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CITY OF ORONO
<br />STATEMENT OF REVENUES, EXPENDITURES, AND
<br />CHANGES IN FUND BALANCES
<br />GOVERNMENTAL FUNDS
<br />YEAR ENDED DECEMBER 31, 2017
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(23)
<br />
<br /> Debt Service Other
<br />General 2008 Improvement Governmental
<br />Fund Bonds Funds Totals
<br />REVENUE
<br />Property Taxes 4,180,566$ -$ 1,077,980$ 5,258,546$
<br />Special Assessments - - 2,226 2,226
<br />Licenses and Permits 613,218 - - 613,218
<br />Intergovernmental Revenue 290,342 - 734,702 1,025,044
<br />Fines and Forfeitures 70,580 - 31,244 101,824
<br />Other Revenue:
<br />Investment Earnings 48,676 1,655 54,748 105,079
<br />User Fees 3,165,196 - - 3,165,196
<br />Rents and Refunds 4,950 - 6,000 10,950
<br />Miscellaneous Revenue 55,172 - - 55,172
<br />Total Revenue 8,428,700 1,655 1,906,900 10,337,255
<br />
<br />EXPENDITURES
<br />Current:
<br />General Government 1,422,670 - 51,595 1,474,265
<br />Public Safety 5,298,672 - 267 5,298,939
<br />Streets 486,138 - - 486,138
<br />Parks and Recreation 304,333 - - 304,333
<br />Recycling 1,590 - - 1,590
<br />
<br />Capital Outlay
<br />Other - - 2,150,260 2,150,260
<br />Debt Service:
<br />Principal Retirement 6,024 2,925,000 625,000 3,556,024
<br />Interest and Fiscal Charges 131 53,874 183,281 237,286
<br />Total Expenditures 7,519,558 2,978,874 3,010,403 13,508,835
<br />
<br />EXCESS (DEFICIENCY) OF REVENUE OVER
<br /> (UNDER) EXPENDITURES 909,142 (2,977,219) (1,103,503) (3,171,580)
<br />
<br />OTHER FINANCE SOURCES (USES)
<br />Transfers In - - 1,262,405 1,262,405
<br />Transfers Out (926,642) - (180,763) (1,107,405)
<br />Proceeds from Sale of Capital Assets 38,738 - - 38,738
<br />Total Other Finance Sources (Uses) (887,904) - 1,081,642 193,738
<br />NET CHANGE IN FUND BALANCES 21,238 (2,977,219) (21,861) (2,977,842)
<br />
<br />FUND BALANCES
<br />Beginning of Year 4,425,598 3,065,022 5,804,895 13,295,515
<br />End of Year 4,446,836$ 87,803$ 5,783,034$ 10,317,673$
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