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Significant changes from the prior year are noted below:
<br />City of Orono’s Changes in Net Position
<br />Increase Increase
<br />2020 2019 (Decrease)2020 2019 (Decrease)
<br />Revenues
<br />Program Revenues
<br />Charges for services 4,242,624$ 4,590,910$ (348,286)$ 4,152,477$ 3,043,620$ 1,108,857$
<br />Operating grants and contributions 976,217 419,114 557,103 - 21,058 (21,058)
<br />Capital grants and contributions 617,082 649,359 (32,277) 6,050 253,370 (247,320)
<br />General Revenues
<br />Taxes
<br />Property taxes 5,999,083 5,630,633 368,450 - - -
<br />Tax increment 82,686 76,344 6,342 - - -
<br />Grants and contributions
<br />not restricted to
<br />specific programs 5,321 26,372 (21,051) - - -
<br />Unrestricted investment earnings 173,308 259,332 (86,024) 88,571 127,939 (39,368)
<br />Gain on sale of capital assets 36,217 63,105 (26,888) - - -
<br />Other - - - - - -
<br />Total Revenues 12,132,538 11,715,169 417,369 4,247,098 3,445,987 801,111
<br />Expenses
<br />General government 1,865,451 818,147 1,047,304 - - -
<br />Public safety 6,361,790 5,422,838 938,952 - - -
<br />Streets 1,946,959 946,735 1,000,224 - - -
<br />Culture and recreation 696,274 535,357 160,917 - - -
<br />Community development 111,781 141,722 (29,941) - - -
<br />Interest on long-term debt 138,240 150,164 (11,924) - - -
<br />Water - - - 1,044,516 984,452 60,064
<br />Sewer - - - 1,743,277 1,538,449 204,828
<br />Storm Water - - - 354,524 433,908 (79,384)
<br />Recycling - - - 227,227 173,049 54,178
<br />Cable Television - - - 91,128 90,586 542
<br />Total Expenses 11,120,495 8,014,963 3,105,532 3,460,672 3,220,444 240,228
<br />Change in Net Position
<br />before Transfers 1,012,043 3,700,206 (2,688,163) 786,426 225,543 560,883
<br />Transfers (Net)170,000 160,661 9,339 (170,000) (160,661) (9,339)
<br />Change in Net Position 1,182,043 3,860,867 (2,678,824) 616,426 64,882 551,544
<br />Net Position, January 1 29,826,049 25,965,182 3,860,867 23,069,043 23,004,161 64,882
<br />Net Position, December 31 31,008,092$ 29,826,049$ 1,182,043$ 23,685,469$ 23,069,043$ 616,426$
<br />Governmental Activities Business-type Activities
<br />•The increase in Operating Grants and Contributions from the prior year relates to CARES act funding.
<br />•The increased Public Safety expenses from prior year is expenses related to the COVID-19 pandemic.
<br />•The increased Public Works expense from prior year is due to various street improvement projects.
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