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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 />2013 2014 2015 2016
<br />Revenues
<br />Taxes 4,785,052$ 4,840,777$ 4,839,722$ 5,057,941$
<br />Licenses and permits 613,184 675,204 846,343 715,281
<br />Intergovernmental 421,485 745,062 545,236 496,497
<br />Charges for services 2,474,211 2,569,831 2,896,458 2,973,534
<br />Fines and forfeitures 175,321 153,821 134,754 133,354
<br />Investment earnings 61,335 195,862 133,204 97,843
<br />Special assessments 68,413 62,632 70,349 8,537
<br />Miscellaneous 205,078 58,012 64,867 143,976
<br />Total Revenues 8,804,079 9,301,201 9,530,933 9,626,963
<br />Expenditures
<br />Current
<br />General government 1,242,028 1,282,487 1,285,064 1,362,293
<br />Public safety 4,734,635 4,906,572 4,906,117 5,073,430
<br />Streets 508,544 454,964 496,239 480,765
<br />Culture and recreation 255,395 231,356 268,831 281,340
<br />Community development - - - -
<br />Recycling - 4,572 - -
<br />Capital outlay 1,683,159 3,973,460 2,114,343 1,721,077
<br />Debt service
<br />Principal 1,145,000 1,900,000 1,010,000 1,085,788
<br />Interest and other charges 328,633 302,728 331,317 344,562
<br />Bond issuance costs - - - -
<br />Total Expenditures 9,897,394 13,056,139 10,411,911 10,349,255
<br />Deficiency of Revenues
<br />under expenditures (1,093,315) (3,754,938) (880,978) (722,292)
<br />Other Financing Sources (Uses)
<br />Transfers in 866,000 905,848 1,451,397 1,565,385
<br />Transfers out (700,000) (636,548) (1,131,188) (1,410,385)
<br />Bond proceeds - 4,070,177 - -
<br />Premium on bonds issued - - - 94,956
<br />Refunding bonds issued - - - 2,680,000
<br />Sale of capital assets 30,110 22,662 17,610 48,975
<br />Total Other Financing Sources (Uses)196,110 4,362,139 337,819 2,978,931
<br />Net Change in Fund Balances (897,205)$ 607,201$ (543,159)$ 2,256,639$
<br />Debt Service as a Percentage of
<br /> Noncapital Expenditures 20.10%16.50%24.20%15.80%
<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.
<br />138 184
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