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<br />
<br />Significant changes from the prior year are noted below:
<br />
<br />City of Orono’s Changes in Net Position
<br />
<br />Increase Increase
<br />2021 2020 (Decrease)2021 2020 (Decrease)
<br />Revenues
<br />Program Revenues
<br />Charges for services 5,049,369$ 4,242,624$ 806,745$ 4,873,537$ 4,152,477$ 721,060$
<br />Operating grants and contributions 550,474 976,217 (425,743) 15,982 - 15,982
<br />Capital grants and contributions 273,445 617,082 (343,637) 364,815 6,050 358,765
<br />General Revenues
<br />Taxes
<br />Property taxes 6,551,553 5,999,083 552,470 - - -
<br />Tax increment 145,895 82,686 63,209 - - -
<br />Grants and contributions
<br />not restricted to
<br />specific programs 1,784 5,321 (3,537) - - -
<br />Unrestricted investment earnings (6,927) 173,308 (180,235) (17,927) 88,571 (106,498)
<br />Gain on sale of capital assets 48,388 36,217 12,171 - - -
<br />Total Revenues 12,613,981 12,132,538 481,443 5,236,407 4,247,098 989,309
<br />Expenses
<br />General government 1,572,281 1,865,451 (293,170) - - -
<br />Public safety 5,445,046 6,361,790 (916,744) - - -
<br />Streets 1,705,585 1,946,959 (241,374) - - -
<br />Culture and recreation 731,394 696,274 35,120 - - -
<br />Community development 59,265 111,781 (52,516) - - -
<br />Interest on long-term debt 359,970 138,240 221,730 - - -
<br />Water - - - 1,110,702 1,044,516 66,186
<br />Sewer - - - 1,676,642 1,743,277 (66,635)
<br />Storm Water - - - 310,626 354,524 (43,898)
<br />Recycling - - - 232,165 227,227 4,938
<br />Cable Television - - - 100,970 91,128 9,842
<br />Total Expenses 9,873,541 11,120,495 (1,246,954) 3,431,105 3,460,672 (29,567)
<br />Change in Net Position
<br />before Transfers 2,740,440 1,012,043 1,728,397 1,805,302 786,426 1,018,876
<br />Transfers (Net)212,500 170,000 42,500 (212,500) (170,000) (42,500)
<br />Change in Net Position 2,952,940 1,182,043 1,770,897 1,592,802 616,426 976,376
<br />Net Position, January 1 31,008,092 29,826,049 1,182,043 23,685,469 23,069,043 616,426
<br />Net Position, December 31 33,961,032$ 31,008,092$ 2,952,940$ 25,278,271$ 23,685,469$ 1,592,802$
<br />Governmental Activities Business-type Activities
<br /> • The increase in Program Revenues from the prior year relates to charges for services. Charges for services
<br />increased due to increased building activity.
<br />
<br />• The decreased Public Safety expenses from prior year is expenses related to the COVID-19 pandemic in the prior
<br />year.
<br />
<br />• The decreased Public Works expense from prior year is due to various street improvement projects in the prior
<br />year.
<br />
<br />DRAFT
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