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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, 2023 and 2022
<br />2023 2022
<br />Revenues
<br />Taxes 8,438,864$ 7,014,703$ 20.30 %
<br />Special assessments 22,698 24,446 (7.15)
<br />Licenses and permits 863,960 734,843 17.57
<br />Intergovernmental 1,306,012 1,475,319 (11.48)
<br />Charges for services 4,144,378 4,121,474 0.56
<br />Fines and forfeits 160,073 83,741 91.15
<br />Investment earnings (loss) 507,584 (287,118) N/A
<br />Miscellaneous 176,889 128,852 37.28
<br />Total Revenues 15,620,458$ 13,296,260$ 17.48 %
<br />Per Capita 1,849$ 1,567$ 18.01 %
<br />Expenditures
<br />Current
<br />General government 1,700,101$ 1,406,879$ 20.84 %
<br />Public safety 7,084,550 6,096,418 16.21
<br />Public works 1,420,306 922,394 53.98
<br />Parks and recreation 467,192 724,281 (35.50)
<br />Community development 154,566 46,406 233.07
<br />Capital outlay
<br />Public safety 887,534 191,140 364.34
<br />Public works 15,434,170 2,279,810 576.99
<br />Parks and recreation 31,432 62,880 (50.01)
<br />Debt service
<br />Principal 1,095,000 735,000 48.98
<br />Interest and other charges 450,581 460,111 (2.07)
<br />Total Expenditures 28,725,432$ 12,925,319$ 122.24 %
<br />Per Capita 3,401$ 1,523$ 123.24
<br />Total Long-term Indebtedness 17,677,701$ 18,326,006$ (3.54) %
<br />Per Capita 2,093 2,160 (3.10)
<br />General Fund Balance - December 31 4,217,743$ 5,253,315$ (19.71) %
<br />Per Capita 499 619 (19.35)
<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, Crystal Bay,
<br />Minnesota 55323. Questions about this report should be directed to the Finance Department at (952) 249-4600.
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<br />ExpendituresExpenditures
<br />General governmentGeneral government 1,700,1011,700,101$ 1,406,8791,406,879$ 20.84
<br />Public safetyPublic safety 7,084,5507,084,550 6,096,4186,096,418 16.21
<br />Public worksPublic works 1,420,3061,420,306 922,394922,394 53.98
<br />Parks and recreationParks and recreation 467,192467,192 724,281724,281 (35.50)
<br />Community developmentCommunity development 154,566154,566 46,40646,406 233.07
<br />Capital outlayCapital outlay
<br />Public safetyPublic safety 887,534887,534 191,140191,140 364.34
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