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City of Orono, Minnesota
<br />Statistical Section (Unaudited)
<br />Changes in Net Position (Continued)
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2012 2013 2014 2015
<br />Net Revenues (Expenses)
<br />Governmental activities (4,673,569)$ (4,654,275)$ (3,677,085)$ (3,856,472)$
<br />Business-type activities 109,259 157,313 313,271 370,706
<br />Total Primary Government Net Revenues (Expenses)(4,564,310)$ (4,496,962)$ (3,363,814)$ (3,485,766)$
<br />General Revenues and Other Changes in Net Position
<br />Governmental activities
<br />Taxes
<br />Property taxes 4,716,941$ 4,746,856$ 4,809,875$ 4,819,345$
<br />Tax increments - - - -
<br />Grants and contributions not restricted to specific programs - - - -
<br />Other general revenues 139,494 214,876 17,337 44,051
<br />Unrestricted investment earnings 126,298 (81,067) 215,606 144,252
<br />Gain on sale of capital assets - 24,410 7,961 6,466
<br />Transfers 166,000 166,000 269,300 320,209
<br />Total Governmental Activities 5,148,733 5,071,075 5,320,079 5,334,323
<br />Business-type activities
<br />Other general revenues 183,619 130,550 163,719 141,546
<br />Grants and contributions not restricted to specific programs
<br />Unrestricted investment earnings 59,096 (19,708) 124,098 67,076
<br />Gain on sale of capital assets - - - -
<br />Transfers (166,000) (166,000) (269,300) (320,209)
<br />Total Business-type Activities 76,715 (55,158) 18,517 (111,587)
<br />Total Primary Government 5,225,448$ 5,015,917$ 5,338,596$ 5,222,736$
<br />Change in Net Position
<br />Governmental activities 475,164$ 416,800$ 1,642,994$ 1,477,851$
<br />Business-type activities 185,974 102,155 331,788 259,119
<br />Total Primary Government 661,138$ 518,955$ 1,974,782$ 1,736,970$
<br />Note: The City implemented GASB Statement No. 63 and GASB Statement No. 65 in fiscal 2013. Net position information has
<br />been restated for 2012 for this accounting change. Years prior to 2012 have not been restated. The City implemented GASB
<br />Statement No. 68 and GASB Statement No. 67 in fiscal 2015. Years prior to 2015 have not been restated. The City implemented
<br />GASB Statement No. 75 in fiscal 2018. Years prior to 2018 have not been restated.
<br />Fiscal Year
<br />DRAFT
<br />132
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