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City of Orono, Minnesota
<br />Statistical Section (Unaudited)
<br />Changes in Fund Balances of Governmental Funds
<br />Last Ten Fiscal Years
<br />(Modified Accrual Basis of Accounting)
<br />2011 2012 2013 2014
<br />Revenues
<br />Taxes 4,761,488$ 4,724,264$ 4,785,052$ 4,840,777$
<br />Licenses and permits 592,111 509,300 613,184 675,204
<br />Intergovernmental 542,711 393,148 421,485 745,062
<br />Charges for services 1,029,515 979,122 2,474,211 2,569,831
<br />Fines and forfeitures 141,304 159,673 175,321 153,821
<br />Investment earnings 110,215 114,624 61,335 195,862
<br />Special assessments 272,772 115,518 68,413 62,632
<br />Miscellaneous 74,676 255,633 205,078 58,012
<br />Total Revenues 7,524,792 7,251,282 8,804,079 9,301,201
<br />Expenditures
<br />Current
<br />General government 1,294,803 1,263,916 1,242,028 1,282,487
<br />Public safety 3,402,270 3,248,071 4,734,635 4,906,572
<br />Streets 458,040 425,192 508,544 454,964
<br />Culture and recreation 241,789 238,424 255,395 231,356
<br />Community development - - - -
<br />Recycling 106,649 104,046 - 4,572
<br />Capital outlay 758,654 1,795,760 1,683,159 3,973,460
<br />Debt service
<br />Principal 2,285,000 1,110,000 1,145,000 1,900,000
<br />Interest and other charges 357,525 362,629 328,633 302,728
<br />Total Expenditures 8,904,730 8,548,038 9,897,394 13,056,139
<br />Deficiency of Revenues
<br />under expenditures (1,379,938) (1,296,756) (1,093,315) (3,754,938)
<br />Other Financing Sources (Uses)
<br />Transfers in 530,407 1,752,437 866,000 905,848
<br />Transfers out (360,000) (1,586,437) (700,000) (636,548)
<br />Bond proceeds - - - 4,070,177
<br />Premium on bonds issued - - - -
<br />Refunding bonds issued - - - -
<br />Sale of capital assets 20,813 20,503 30,110 22,662
<br />Total Other Financing Sources (Uses)191,220 186,503 196,110 4,362,139
<br />Net Change in Fund Balances (1,188,718)$ (1,110,253)$ (897,205)$ 607,201$
<br />Debt Service as a Percentage of
<br /> Noncapital Expenditures 18.30%31.20%20.10%16.50%
<br />Fiscal Year
<br />(1) The Water Revenue Bonds and Sewer Revenue Bonds debt service funds and the Water Connection, Sewer Connection, and Water
<br />System Improvements capital projects funds were reclassified from governmental to enterprise (business-type) in 2013. Activity prior to
<br />2012 has not been restated for this change.
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