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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 />2013 2014 2015 2016
<br />Net Revenues (Expenses)
<br />Governmental activities (4,654,275)$ (3,677,085)$ (3,856,472)$ (5,414,564)$
<br />Business-type activities 157,313 313,271 370,706 482,285
<br />Total Primary Government Net Revenues (Expenses)(4,496,962)$ (3,363,814)$ (3,485,766)$ (4,932,279)$
<br />General Revenues and Other Changes in Net Position
<br />Governmental activities
<br />Taxes
<br />Property taxes 4,746,856$ 4,809,875$ 4,819,345$ 5,021,340$
<br />Tax increments - - - -
<br />Grants and contributions not restricted to specific programs - - - -
<br />Other general revenues 214,876 17,337 44,051 149,388
<br />Unrestricted investment earnings (loss)(81,067) 215,606 144,252 109,752
<br />Gain on sale of capital assets 24,410 7,961 6,466 45,518
<br />Transfers 166,000 269,300 320,209 155,000
<br />Total Governmental Activities 5,071,075 5,320,079 5,334,323 5,480,998
<br />Business-type activities
<br />Other general revenues 130,550 163,719 141,546 160,967
<br />Unrestricted investment earnings (loss)(19,708) 124,098 67,076 57,319
<br />Transfers (166,000) (269,300) (320,209) (155,000)
<br />Total Business-type Activities (55,158) 18,517 (111,587) 63,286
<br />Total Primary Government 5,015,917$ 5,338,596$ 5,222,736$ 5,544,284$
<br />Change in Net Position
<br />Governmental activities 416,800$ 1,642,994$ 1,477,851$ 66,434$
<br />Business-type activities 102,155 331,788 259,119 545,571
<br />Total Primary Government 518,955$ 1,974,782$ 1,736,970$ 612,005$
<br />Note: The City implemented GASB Statement No. 63 and GASB Statement No. 65 in fiscal 2013. 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 />134 180
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