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Governmental
<br />Activities -
<br />Internal
<br />Water Sewer Storm Water Nonmajor Business-type Total Service Funds
<br />Operating Revenues
<br />Charges for services 1,660,476$ 2,276,657$ 765,622$ 604,329$ 5,307,084$ 709,161$
<br />Other - - - 161,260 161,260 583,474
<br />Total Operating Revenues 1,660,476 2,276,657 765,622 765,589 5,468,344 1,292,635
<br />Operating Expenses
<br />Personnel services 344,017 357,495 213,340 251,630 1,166,482 367,835
<br />Supplies 41,206 17,243 5,030 55,084 118,563 30,970
<br />Professional services 82,260 100,880 53,348 260,207 496,695 144,349
<br />Other Services and Charges - - - 190,800 190,800 2,891
<br />Utilities 117,695 40,959 - - 158,654 -
<br />Repairs and maintenance 276,395 166,075 26,899 - 469,369 442,657
<br />Depreciation 169,003 380,677 66,135 20,322 636,137 -
<br />Administrative charges from the General fund 137,650 137,650 69,680 3,125 348,105 -
<br />Insurance 33,401 19,220 4,920 - 57,541 359,578
<br />Other 81,993 858,032 46,817 21,545 1,008,387 -
<br />Total Operating Expenses 1,283,620 2,078,231 486,169 802,713 4,650,733 1,348,280
<br />Operating Income (Loss) 376,856 198,426 279,453 (37,124) 817,611 (55,645)
<br />Nonoperating Revenues (Expenses)
<br />Investment earnings 69,586 121,675 110,113 3,937 305,311 50,115
<br />Intergovernmental - 451,305 - 8,519 459,824 -
<br />Miscellaneous revenues 20,395 2,329 9 13,532 36,265 -
<br />Interest and amortization expense (13,191) - - - (13,191) -
<br />Total Nonoperating
<br /> Revenues (Expenses) 76,790 575,309 110,122 25,988 788,209 50,115
<br />Income (Loss) Before
<br />Contributions and Transfers 453,646 773,735 389,575 (11,136) 1,605,820 (5,530)
<br />Contributions and Transfers
<br />Capital contributions from governmental funds - - - 70,525 70,525 -
<br />Connection fees - 21,530 5,251 - 26,781 -
<br />Intergovernmental - 57,606 - - 57,606 -
<br />Transfers out (1,010,499) (1,046,750) (1,003,600) - (3,060,849) -
<br />Total Transfers and Contributions (1,010,499) (967,614) (998,349) 70,525 (2,905,937) -
<br />Change in Net Position (556,853) (193,879) (608,774) 59,389 (1,300,117) (5,530)
<br />Net Position - January 1 6,055,984 15,755,967 4,556,859 262,035 26,630,845 495,413
<br />Net Position, December 31 5,499,131$ 15,562,088$ 3,948,085$ 321,424$ 25,330,728$ 489,883$
<br />Change in net position as shown above (1,300,117)$
<br />(4,096)
<br />Change in net position - business-type activities (1,304,213)$
<br />Adjustment to reflect the consolidation of internal
<br />service fund activities to the enterprise funds.
<br />City of Orono, Minnesota
<br />Statement of Revenues, Expenses and Changes in Net Position
<br />Proprietary Funds
<br />For the Year Ended December 31, 2023
<br />Business-type Activities - Enterprise Funds
<br />The notes to the financial statements are an integral part of this statement.
<br />49
<br />Investment earnings Investment earnings 69,58669,586 121,675121,675 110,113110,113 3,9373,937 305,311305,311
<br />IntergovernmentalIntergovernmental - 451,305451,305 -- 8,519 459,824459,824
<br />Miscellaneous revenuesMiscellaneous revenues 20,39520,395 2,3292,329 99 13,532 36,26536,265
<br />Interest and amortization expenseInterest and amortization expense (13,191)(13,191) - -- - (13,191)(13,191)
<br />Total NonoperatingTotal Nonoperating
<br /> Revenues (Expenses) Revenues (Expenses)76,79076,790 575,309575,309 110,122110,122 25,98825,988 788,209788,209
<br />Income (Loss) BeforeIncome (Loss) Before
<br />Contributions and TransfersContributions and Transfers 453,646453,646 773,735 389,575389,575 (11,136) 1,605,8201,605,820
<br />Contributions and TransfersContributions and Transfers
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