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City of Orono, Minnesota
<br />Summary Financial Report
<br />Governmental Funds
<br />Revenues and Expenditures For General Operations
<br />For the Years Ended December 31, 2021 and 2020
<br />2021 2020
<br />Revenues
<br />Taxes 6,691,522$ 6,043,234$ 10.73 %
<br />Special assessments 35,759 35,881 (0.34)
<br />Licenses and permits 781,642 502,714 55.48
<br />Intergovernmental 1,048,012 1,439,511 (27.20)
<br />Charges for services 3,941,998 3,578,117 10.17
<br />Fines and forfeits 244,444 72,428 237.50
<br />Investment earnings (6,927) 173,308 (104.00)
<br />Miscellaneous 52,371 141,544 (63.00)
<br />Total Revenues 12,788,821$ 11,986,737$ 6.69 %
<br />Per Capita 1,538$ 1,447$ 6.29 %
<br />Expenditures
<br />Current
<br />General government 1,348,363$ 1,732,325$ (22.16) %
<br />Public safety 5,857,388 5,599,888 4.60
<br />Public works 811,636 1,089,733 (25.52)
<br />Parks and recreation 636,267 570,346 11.56
<br />Community development 59,265 111,781 (46.98)
<br />Capital outlay
<br />Public safety 305,671 212,438 43.89
<br />Public works 2,054,964 1,547,322 32.81
<br />Parks and recreation 531,906 808,910 (34.24)
<br />Debt service
<br />Principal 2,150,000 925,000 132.43
<br />Interest and other charges 87,476 164,613 (46.86)
<br />Bond issuance costs 325,901 - N/A
<br />Total Expenditures 14,168,837$ 12,762,356$ 11.02 %
<br />Per Capita 1,704$ 1,541$ 10.61
<br />Total Long-term Indebtedness 19,130,874$ 5,302,901$ 260.76 %
<br />Per Capita 2,301 640 259.42
<br />General Fund Balance - December 31 4,660,573$ 4,547,033$ 2.50 %
<br />Per Capita 561 549 2.12
<br />Total
<br />Percent
<br />Increase
<br />(Decrease)
<br />The purpose of this report is to provide a summary of financial information concerning the City of Orono to interested
<br />citizens. The complete financial statements may be examined at City Hall, 2750 Kelley Parkway, P.O. Box 66, Crystal
<br />Bay, Minnesota 55323. Questions about this report should be directed to the Finance Department at (952) 249-4600.
<br />DRAFT
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