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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, 2022 and 2021
<br />2022 2021
<br />Revenues
<br />Taxes 7,014,703$ 6,691,522$ 4.83 %
<br />Special assessments 24,446 35,759 (31.64)
<br />Licenses and permits 734,843 781,642 (5.99)
<br />Intergovernmental 1,475,319 1,048,012 40.77
<br />Charges for services 4,121,474 3,941,998 4.55
<br />Fines and forfeits 83,741 244,444 (65.74)
<br />Investment earnings (loss)(287,118) (6,927) N/A
<br />Miscellaneous 128,852 52,371 146.04
<br />Total Revenues 13,296,260$ 12,788,821$ 3.97 %
<br />Per Capita 1,567$ 1,538$ 1.88 %
<br />Expenditures
<br />Current
<br />General government 1,406,879$ 1,348,363$ 4.34 %
<br />Public safety 6,096,418 5,857,388 4.08
<br />Public works 922,394 811,636 13.65
<br />Parks and recreation 724,281 636,267 13.83
<br />Community development 46,406 59,265 (21.70)
<br />Capital outlay
<br />Public safety 191,140 305,671 (37.47)
<br />Public works 2,279,810 2,054,964 10.94
<br />Parks and recreation 62,880 531,906 (88.18)
<br />Debt service
<br />Principal 735,000 2,150,000 (65.81)
<br />Interest and other charges 460,111 87,476 425.99
<br />Bond issuance costs - 325,901 (100.00)
<br />Total Expenditures 12,925,319$ 14,168,837$ (8.78) %
<br />Per Capita 1,523$ 1,704$ (10.60)
<br />Total Long-term Indebtedness 18,326,006$ 19,130,963$ (4.21) %
<br />Per Capita 2,160 2,301 (6.13)
<br />General Fund Balance - December 31 5,253,315$ 4,658,173$ 12.78 %
<br />Per Capita 619 560 10.52
<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.
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