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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 />2014 2015 2016 2017
<br />Net Revenues (Expenses)
<br />Governmental activities (3,677,085)$ (3,856,472)$ (5,414,564)$ (3,929,910)$
<br />Business-type activities 313,271 370,706 482,285 113,891
<br />Total Primary Government Net Revenues (Expenses) (3,363,814)$ (3,485,766)$ (4,932,279)$ (3,816,019)$
<br />General Revenues and Other Changes in Net Position
<br />Governmental activities
<br />Taxes
<br />Property taxes 4,809,875$ 4,819,345$ 5,021,340$ 5,268,854$
<br />Tax increments - - - -
<br />Grants and contributions not restricted to specific programs - - - -
<br />Other general revenues 17,337 44,051 149,388 53,207
<br />Unrestricted investment earnings (loss) 215,606 144,252 109,752 114,356
<br />Gain on sale of capital assets 7,961 6,466 45,518 38,738
<br />Transfers 269,300 320,209 155,000 155,000
<br />Total Governmental Activities 5,320,079 5,334,323 5,480,998 5,630,155
<br />Business-type activities
<br />Other general revenues 163,719 141,546 160,967 185,909
<br />Grants and contributions not restricted to specific programs - - - -
<br />Unrestricted investment earnings (loss) 124,098 67,076 57,319 54,443
<br />Transfers (269,300) (320,209) (155,000) (155,000)
<br />Total Business-type Activities 18,517 (111,587) 63,286 85,352
<br />Total Primary Government 5,338,596$ 5,222,736$ 5,544,284$ 5,715,507$
<br />Change in Net Position
<br />Governmental activities 1,642,994$ 1,477,851$ 66,434$ 1,700,245$
<br />Business-type activities 331,788 259,119 545,571 199,243
<br />Total Primary Government 1,974,782$ 1,736,970$ 612,005$ 1,899,488$
<br />Note: The City implemented GASB Statement No. 68 and GASB Statement No. 67 in fiscal 2015. Years prior to 2015 have not been
<br />restated. The City implemented GASB Statement No. 75 in fiscal 2018. Years prior to 2018 have not been restated.
<br />Fiscal Year
<br />132
<br />TransfersTransfers 269,300 320,209320,209 155,000155,000
<br />Total Governmental ActivitiesTotal Governmental Activities 5,320,0795,320,079 5,334,323 5,480,9985,480,998 5,630,155
<br />Business-type activitiesBusiness-type activities
<br />Other general revenuesOther general revenues 163,719163,719 141,546141,546 160,967160,967
<br />Grants and contributions not restricted to specific programsGrants and contributions not restricted to specific programs - - -
<br />Unrestricted investment earnings (loss)Unrestricted investment earnings (loss)124,098124,098 67,076 57,31957,319
<br />TransfersTransfers (269,300)(269,300) (320,209) (155,000)(155,000)
<br />167
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