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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 />2012 2013 2014 2015
<br />Revenues
<br />Taxes 4,724,264$ 4,785,052$ 4,840,777$ 4,839,722$
<br />Licenses and permits 509,300 613,184 675,204 846,343
<br />Intergovernmental 393,148 421,485 745,062 545,236
<br />Charges for services 979,122 2,474,211 2,569,831 2,896,458
<br />Fines and forfeitures 159,673 175,321 153,821 134,754
<br />Investment earnings 114,624 61,335 195,862 133,204
<br />Special assessments 115,518 68,413 62,632 70,349
<br />Miscellaneous 255,633 205,078 58,012 64,867
<br />Total Revenues 7,251,282 8,804,079 9,301,201 9,530,933
<br />Expenditures
<br />Current
<br />General government 1,263,916 1,242,028 1,282,487 1,285,064
<br />Public safety 3,248,071 4,734,635 4,906,572 4,906,117
<br />Streets 425,192 508,544 454,964 496,239
<br />Culture and recreation 238,424 255,395 231,356 268,831
<br />Community development - - - -
<br />Recycling 104,046 - 4,572 -
<br />Capital outlay 1,795,760 1,683,159 3,973,460 2,114,343
<br />Debt service
<br />Principal 1,110,000 1,145,000 1,900,000 1,010,000
<br />Interest and other charges 362,629 328,633 302,728 331,317
<br />Bond issuance costs - - - -
<br />Total Expenditures 8,548,038 9,897,394 13,056,139 10,411,911
<br />Deficiency of Revenues
<br />under expenditures (1,296,756) (1,093,315) (3,754,938) (880,978)
<br />Other Financing Sources (Uses)
<br />Transfers in 1,752,437 866,000 905,848 1,451,397
<br />Transfers out (1,586,437) (700,000) (636,548) (1,131,188)
<br />Bond proceeds - - 4,070,177 -
<br />Premium on bonds issued - - - -
<br />Refunding bonds issued - - - -
<br />Sale of capital assets 20,503 30,110 22,662 17,610
<br />Total Other Financing Sources (Uses)186,503 196,110 4,362,139 337,819
<br />Net Change in Fund Balances (1,110,253)$ (897,205)$ 607,201$ (543,159)$
<br />Debt Service as a Percentage of
<br /> Noncapital Expenditures 31.20%20.10%16.50%24.20%
<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.
<br />DRAFT
<br />136
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