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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 />2014 2015 2016 2017
<br />Revenues
<br />Taxes 4,840,777$ 4,839,722$ 5,057,941$ 5,258,546$
<br />Licenses and permits 675,204 846,343 715,281 613,218
<br />Intergovernmental 745,062 545,236 496,497 1,025,044
<br />Charges for services 2,569,831 2,896,458 2,973,534 3,165,196
<br />Fines and forfeitures 153,821 134,754 133,354 101,824
<br />Investment earnings 195,862 133,204 97,843 105,079
<br />Special assessments 62,632 70,349 8,537 2,226
<br />Miscellaneous 58,012 64,867 143,976 66,122
<br />Total Revenues 9,301,201 9,530,933 9,626,963 10,337,255
<br />Expenditures
<br />Current
<br />General government 1,282,487 1,285,064 1,362,293 1,474,265
<br />Public safety 4,906,572 4,906,117 5,073,430 5,298,939
<br />Streets 454,964 496,239 480,765 486,138
<br />Culture and recreation 231,356 268,831 281,340 304,333
<br />Community development - - - -
<br />Recycling 4,572 - - 1,590
<br />Capital outlay 3,973,460 2,114,343 1,721,077 2,150,260
<br />Debt service
<br />Principal 1,900,000 1,010,000 1,085,788 3,556,024
<br />Interest and other charges 302,728 331,317 344,562 237,286
<br />Bond issuance costs - - - -
<br />Total Expenditures 13,056,139 10,411,911 10,349,255 13,508,835
<br />Deficiency of Revenues
<br />under expenditures (3,754,938) (880,978) (722,292) (3,171,580)
<br />Other Financing Sources (Uses)
<br />Transfers in 905,848 1,451,397 1,565,385 1,262,405
<br />Transfers out (636,548) (1,131,188) (1,410,385) (1,107,405)
<br />Bond issued 4,070,177 - - -
<br />Financed purchase issued - - - -
<br />Premium on bonds issued - - 94,956 -
<br />Refunding bonds issued - - 2,680,000 -
<br />Sale of capital assets 22,662 17,610 48,975 38,738
<br />Total Other Financing Sources (Uses) 4,362,139 337,819 2,978,931 193,738
<br />Net Change in Fund Balances 607,201$ (543,159)$ 2,256,639$ (2,977,842)$
<br />Debt Service as a Percentage of
<br /> Noncapital Expenditures 16.50% 24.20% 15.80% 16.40%
<br />Fiscal Year
<br />136
<br />Culture and recreationCulture and recreation 231,356 268,831268,831 281,340281,340
<br />Community developmentCommunity development - -- --
<br />RecyclingRecycling 4,572 - -
<br />Capital outlayCapital outlay 3,973,4603,973,460 2,114,343 1,721,0771,721,077
<br />Debt serviceDebt service
<br />1,900,0001,900,000 1,010,0001,010,000 1,085,7881,085,788
<br />Interest and other chargesInterest and other charges 302,728302,728 331,317 344,562344,562
<br />Bond issuance costsBond issuance costs - - -
<br />Total ExpendituresTotal Expenditures 13,056,13913,056,139 10,411,91110,411,911 10,349,25510,349,255 13,508,835
<br />171
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