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<br />
<br />Significant changes from the prior year are noted below:
<br />
<br />City of Orono’s Changes in Net Position
<br />
<br />Increase Increase
<br />2022 2021 (Decrease)2022 2021 (Decrease)
<br />Revenues
<br />Program Revenues
<br />Charges for services 5,179,441$ 5,049,369$ 130,072$ 5,175,861$ 4,873,537$ 302,324$
<br />Operating grants and contributions 493,022 550,474 (57,452) 468,486 15,982 452,504
<br />Capital grants and contributions 763,475 273,445 490,030 44,627 364,815 (320,188)
<br />General Revenues
<br />Taxes
<br />Property taxes 6,779,524 6,551,553 227,971 - - -
<br />Tax increment 187,356 145,895 41,461 - - -
<br />Grants and contributions
<br />not restricted to
<br />specific programs 16,817 1,784 15,033 - - -
<br />Unrestricted investment earnings (loss)(287,466) (6,927) (280,539) (244,980) (17,927) (227,053)
<br />Gain on sale of capital assets 2,940 48,388 (45,448) - - -
<br />Total Revenues 13,135,109 12,613,981 521,128 5,443,994 5,236,407 207,587
<br />Expenses
<br />General government 2,028,478 1,572,281 456,197 - - -
<br />Public safety 6,607,975 5,445,046 1,162,929 - - -
<br />Public works 2,084,036 1,705,585 378,451 - - -
<br />Culture and recreation 832,389 731,394 100,995 - - -
<br />Community development 46,406 59,265 (12,859) - - -
<br />Interest on long-term debt 543,012 359,970 183,042 - - -
<br />Water - - - 1,170,772 1,110,702 60,070
<br />Sewer - - - 1,974,089 1,676,642 297,447
<br />Storm water - - - 443,573 310,626 132,947
<br />Recycling - - - 244,021 232,165 11,856
<br />Cable television - - - 64,010 100,970 (36,960)
<br />Total Expenses 12,142,296 9,873,541 2,268,755 3,896,465 3,431,105 465,360
<br />Change in Net Position
<br />before Transfers 992,813 2,740,440 (1,747,627) 1,547,529 1,805,302 (257,773)
<br />Transfers (Net)97,500 212,500 (115,000) (97,500) (212,500) 115,000
<br />Change in Net Position 1,090,313 2,952,940 (1,862,627) 1,450,029 1,592,802 (142,773)
<br />Net Position, January 1 33,961,032 31,008,092 2,952,940 25,278,271 23,685,469 1,592,802
<br />Net Position, December 31 35,051,345$ 33,961,032$ 1,090,313$ 26,728,300$ 25,278,271$ 1,450,029$
<br />Governmental Activities Business-type Activities
<br /> • The increase in Program Revenues from the prior year relates to capital grants and contributions. Capital grants
<br />and contributions increased due to increased municipal state aid.
<br />
<br />• The increase in Public Safety expenses from prior year is expenses is due to an increase in police and fire
<br />expenses.
<br />
<br />• The increase in Public Works expense from prior year is due to various street construction projects during the
<br />year.
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