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Significant changes from the prior year are noted below:
<br />City of Orono’ Changes in Net Position
<br />Increase Increase
<br />2019 2018 (Decrease) 2019 2018 (Decrease)
<br />Revenues
<br />Program Revenues
<br />Charges for services 4,590,910$ 4,645,027$ (54,117)$ 3,043,620$ 2,814,263$ 229,357$
<br />Operating grants and contributions 419,114 1,741,370 (1,322,256) 21,058 34,500 (13,442)
<br />Capital grants and contributions 649,359 820,165 (170,806) 253,370 7,400 245,970
<br />General Revenues
<br />Taxes
<br />Property taxes 5,630,633 5,510,133 120,500 - - -
<br />Tax increment 76,344 - 76,344 - - -
<br />Grants and contributions
<br />not restricted to
<br />specific programs 26,372 - 26,372 - - -
<br />Unrestricted investment earnings 259,332 132,799 126,533 127,939 51,588 76,351
<br />Gain on sale of capital assets 63,105 - 63,105 - - -
<br />Other - 193,279 (193,279) - 79,683 (79,683)
<br />Total Revenues 11,715,169 13,042,773 (1,327,604) 3,445,987 2,987,434 458,553
<br />Expenses
<br />General government 818,147 1,947,411 (1,129,264) - - -
<br />Public safety 5,422,838 5,661,624 (238,786) - - -
<br />Streets 946,735 2,131,198 (1,184,463) - - -
<br />Culture and recreation 535,357 465,170 70,187 - - -
<br />Community development 141,722 - 141,722 - - -
<br />Interest on long-term debt 150,164 155,122 (4,958) - - -
<br />Water - - - 984,452 915,730 68,722
<br />Sewer - - - 1,538,449 1,381,752 156,697
<br />Storm Water - - - 433,908 143,194 290,714
<br />Recycling - - - 173,049 127,044 46,005
<br />Cable Television - -- 90,586 51,943 38,643
<br />Total Expenses 8,014,963 10,360,525 (2,345,562) 3,220,444 2,619,663 600,781
<br />Change in Net Position
<br />before Transfers 3,700,206 2,682,248 1,017,958 225,543 367,771 (142,228)
<br />Transfers (Net) 160,661 (41,000) 201,661 (160,661) 41,000 (201,661)
<br />Change in Net Position 3,860,867 2,641,248 1,219,619 64,882 408,771 (343,889)
<br />Net Position, January 1 (Restated) 25,965,182 23,323,934 2,641,248 23,004,161 22,595,390 408,771
<br />Net Position, December 31 29,826,049$ 25,965,182$ 3,860,867$ 23,069,043$ 23,004,161$ 64,882$
<br />Governmental Activities Business-type Activities
<br />The decrease in Operating Grants and Contributions from the prior year related to Municipal State aid.
<br />535,357 465,170 70,187 -
<br />141,722 -141,722 --
<br />150,164 155,122 (4,958)--
<br />------984,452984,452
<br />----1,538,4491,538,449
<br />----433,908433,908
<br />----173,049173,049
<br />-----90,586586
<br />8,014,9638,014,963 10,360,52510,360,525 (2,345,562)(2,345,562)3,220,4443,220,444
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