07-10-1995 Council Packet - Laserfiche WebLink

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To the City Coumril and Citizens of the City of Orono May 17. 1995 General Government Funciions The following schedule presents a summary of General Fund. Special Revenue Funds, and Debt Serv’ice Funds revenue for the year ended December 31, 1994, and the amount and percentage of increases or decreases in relation to the prior year revenue. Revenue Amount Percent of Total Increase (Decrease) From 1993 Percent of Increa.se (Decrea.se) Property taxes S 1,922.775 45.42 %$104.022 5.72 % Special assessments 257.175 6.08 (168,233)(39.55) Licenses and permits 147,888 3.49 (18.009) (10.86) Intergovernmental 539,226 12.74 42.061 8.46 Charges for services 851,165 20.11 (14,869)(1.72) Fines and forfeits 58,158 1.37 (3,333)(5.42) Interest 286,435 6.77 32,381 12.75 Other revenue 170,500 4.02 98,552 136.98 $4.233,322 100.00%$72.572 1.74 % Taxes are the largest source of revenue, comprising 45.42%, an increase of 5.72%. The special assessments revenue decrease is due in part to the reduced amount of prepayments compared to the prior year and the naturally declining amount of interest on the remaining .special assessments principal balance. The decline in licenses and permits revenue of 10.86% is a re.sult of a decrea.se in the dollar value of the construction and remixleling permits applied for of approximately $4,500,000, although the number of building permits increased from 304 to 317. Intergovernmental revenues have increa.sed $42,061 in total. The municipal state aid for street maintenance increased $26,819; the state paid HACA (Homestead and Agricultural Credit Aid) increa.sed $13,572; and the state aid for police increa.sed $3,912; while the recycling grant from the county decrea.sed $1,214; and other miscellaneous grants and aids decreased $1,028. The charges for services revenue decreased $14,869 in total. There were increases in the recycling program fee of $2,642 and in the administrative charges to other funds of $6,058. However, those revenue increases were oftsct by decreases in the variance, subdivision, conditional use. and plan check/site exam fees of $6,751; decrea.sed police .service contract charges of $15,850; and decrea.sed other charges for services of $968. The tines revenue decreased for the sixth consecutive year. The interest revenue increased 12.75% over the prior year, reflecting an overall interest rate increase from the prior year. Other revenue increa.sed $98,552 from the prior year due primarily to an increase in park dedication fees of $98,142. Other miscellaneous items comprise the remaining increa.se of $410. I -8-