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<br />CITY OF ORONO
<br />ANNUAL SUMMARY FINANCIAL REPORT
<br />YEAR ENDED DECEMBER 31, 1992
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<br />The purpose of this report is to provide a summary of financiaf
<br />information concerning the City of Orono, Minnesota to interested
<br />citizens. The complete financial statements may be examined at the
<br />Orono City Office at 2750 Kelley Parkway. Questions about this
<br />report should be directed to Tom Kuehn, Finance Director, telephone
<br />(612) 473-7357.
<br />The information presented is from the general purpose financial
<br />statements of the City for the year ended December 31, 1992 and
<br />1991. The right-hand column shows the percentage change in dollars
<br />between the two years.
<br />Percent
<br />Total Total Increase
<br />1992 1991 (Decrease)
<br />Revenues
<br />Taxes $1,842,525 $1,682,260 10%
<br />Special Assessments 351,807 166,987 111
<br />Intergovernmental Revenues 129,365 81,202 59
<br />Charges for services 781,235 726,118 8
<br />Other 1,059.366 764.999 38
<br />Total 4,164,298 3,421,566 22
<br />Expenditures
<br />General Government 596,138 652,105 (9)
<br />Public Safety 1,562,709 1,508,485 4
<br />Streets 463,710 474,350 (2)
<br />Parks and Recreation 53,590 44,791 20
<br />Other 199,114 218,619 (9)
<br />Capital Outlay 5,149,111 668,005 671
<br />Debt Service 403.209 406.266 (1)
<br />Total 8,427,581 3,972,621 112
<br />Excess of Revenues Over (Under)(4,263,283)(551,055)(674)
<br />Expenditures
<br />Other Financing Sources (Uses)
<br />Bond Proceeds 1,980,582 3,964,230 (50)
<br />Operating Transfers In (Out) - Net ——-
<br />Fund Equity, Beginning of Year 9,052,454 5.639.279 61,
<br />Fund Equity, End of Year $6,769,753 $9,052,454
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