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CITY OF ORONO,MINNESOTA Ctyof Orono,M nesotS
<br /> STATEMENT OF NET POSITIOIN •Staremert of Cash Floes
<br /> PROPRIETARY FUNDS DECEMBER 31,2023 Propleraryfuds
<br /> Gamrniiedal 'Fo*eider Ended December 31,2023
<br /> "ktivities•' .. Opverrvrwntal'
<br /> Business.ttypektits-EnterpraeFunds iterrnl . - ktivnnes-
<br /> Water Serer .Storm Water. N r&sme Btaness-type A:tivmes-Erter�r{se iliri� Imeriial„
<br /> - onmaio ss4ype' Total 9enice Funds Water Sewer Sewn Nonm or Business-type :Total Service Finds
<br /> Assets •. - ash F)o k from Operating Artiviues
<br /> Current Assets Receipts from customers and users $1630529$2,261458; 74$150 757,953$5.395,390$1292,637
<br /> cash and temporary mlestrnent`s- - = ;$ 267.184$2,327,068$' 1,162,423$ 117,461$4,274,136$ ,523,033 Odwr ppere0rg recagxrs 20395 -2329 0:9 13532' 35,265,
<br /> Recnvabks Payne tstasuppl ors. (783,869/ 11;327,5581 0106691 (547,87D (2.869.973) (958,247}-
<br /> k'deblsrteesf 45B 458 1,427 Papnnelte employees 1341117) -1349,9941 (166,635)- (160,853) 11,018629) (365,638).
<br /> 'ktotrts 107,161 193,454. 124;546 58242 483,423 Net Cash Provided(Used)by .
<br /> Nn9Activities '525,908 589235 365,155
<br /> 62.755 1,543.053": ..311d11Specel assesmeits 9,708 25)04 ;35,612 :mhFbws from Nencapita
<br /> Due from other*analysis :9,730 r.. F Activities
<br /> PeePaid items 54224 - 42 64.26 42,701 iteyovenrnertal - 1451305 " - 8519 459.821
<br /> To DerertAssats .384p73 '2,610,380 .1,68i,%9 d76,203 '4,867,625 567,161 Transfers to other funds 11.0104991 (1.046750) 11.063,6001 -'(3,060,849)
<br /> Noncurrent Assets
<br /> - Net cash Provided{Died)by
<br /> rcapital Flung Activities 11,0304991- (595,4451 (1A03.600) 8519 (2 5)
<br /> Capital asset >asiflawsfromCapitaland A01;015) :-
<br /> ,Land 62,195 24,654" ..6,368 93,217 Related Financing Activities'
<br /> Constrvctionmpmgress '11259 1,416,662 Camettidnfeesreceived
<br /> 1;427,921 - 21530F. 5.251 - ,16.701 -
<br /> Buildrlgs and systTss. -1,670,843 32,968 • • 1,703,811 • Special...mertsreceived 27601 56,226 83.822
<br /> Distributiotico)leitiaisystem 7.843.795 20,581,583 t2,711,733 -t205,474 31,347,585 - Acquisition of apical assets 1859360) I1.073,9%>. '(2891 f29,233} (1962:818)
<br /> Mxh neryand equipment 100,4M i61,685 1+5;670 267 S44 1215,543 57.606
<br /> _ Interest paid (15.4291. .57.6061 - (15429f TotaCptelAssets " +9,688,536 22,717,552. :2,961,971_ 473,018-35,841,077 - Principal paid on bids 185000) - (855A00}
<br /> Less accsmidateddepreciatien 13,734.973) (9,428,1421 1554,370) (225,3441(13,942,829) - Net Cash Provided(Used)by Capital - -
<br /> Net Capital Assets ''5953,563 13,289,410 ;2,414,601 '247,674 -21905,248 - and Related Fiarxig kliviUas 1932,1311 (938,634J 4.962 (29,233) (1A95,093) -
<br /> dotal
<br /> Assets" ..:6,337,696 15,909,790 4,101,570 4232177 26,772,873. 567,161 :ash Novo iorec investing Activities _ -
<br /> DekmdOutfbwsafResouces 'Invesvnem rece = 70,250 .aril. ais,94i 4181' 1'321.730'' 51523
<br /> ` .•. ,. Yet Increase(Decrease/n w -
<br /> Defened pension resources' 49,489 49,880 19,062 19,526 137,957 - •Cash-and!Equivalents ry l P (1.316 731 :3810,4861,, (517Sd2) -46,222:':(2628,3351 20,275`
<br /> liahi6ties ., ,.. :ash and Cash ".
<br /> 2.079,965. 71,239'.y6,901171' =502.758
<br /> Glmd Liabilities :ash and Cash Etpavalens,December 31 $ '26718d f 2.327.Ng s 1.56i413 117 461 f 4 274136s •523 033
<br /> •Accountsati ca8ractssayble '.1,577 97,398 1,043 •923 107941 .72,903 Zarortiila6wudOperatin9Mcmne(los) ,L.
<br /> keued Salaries payable '6486 6,409 .2,866 'Iv18228 "3,889 'mNetCashProvided(Used)61°S4rOgActivi0es
<br /> .Doe to other gov nerrerBs ,.30,599 :$,id7 - 34 19,350 '486 Operating Miami Ibis) $ ,.376.856f 198.12s 4791153 137.1246 ;817.6116 155.6451-
<br /> kcrued interest papNe �ip52 Adluorlents to recorrale"opmgg iniame Miss)
<br /> • 'm net cash provided(used)by operating activities _
<br /> Deposspayahb 7,000 .7.000 • Depreciation ' 169.003 180677 66,135' 20,322 636,137
<br /> Compensated absences payable•currentpertal 11,991 10,304 40,202 .62,497 Oder income related to operations 20,395, 2,329 c 9 13;532' -36265=
<br /> Bond premium-(trrert portion 1485 - - ,,MI5 - (Increase)deans:in asseuldefesred
<br /> pondspayable-currentportioii '."$5,000 - :05.000 pre `audbnsofresouces
<br /> 'TotalCredlubldNs; 137,140 1?2,8N M,111 3,424 301553 11278. r 129.9471 13,1231 "(23,172) 17636) 163.8781 :2'
<br /> Noncurrentliabifite9 - --. inventories'. 9a� (9076) - ,19,076)
<br /> fkrid miu m; r 6,676 = 6,676 - Prepaid tems, (308) (425 (350) f23;d59).
<br /> Bends Payable 470,000 ,- - 470,006 - Deferred pension rrsmacen, -32,212' 30983r 1752) 115,116) -47,327'
<br /> fampemated abserces'paja6k" '3,664 •3,148 12.213 - 19,095 - {nrease(decrease)in tiahlitiesldehrred
<br /> Net raionfa6dl tribes ofresounes
<br /> PP y 172935 174,300 -66,612 68232 482,079 : -" 3
<br /> Other postemploymentbenefitspi)eble ;'48962 '48255. ;30,814 :31,141 1=159,172 �niedsandcsnaes 1abl.payable {11,409}: 12,422 -'(3,954) {-1:127} 117,692y '42.191
<br /> k to other ovemrner 1,689 62,43D2 1.654 1927, .7,717) '497'
<br /> ':TohlNorcurrrptlrabdibes.'"" � 702237 225.103 109,709- 99,373' 1,137,022 -� Due modMrgovemments ., 1,610 (6,d3ll: �34 'U,757)' '486
<br /> TotallabTities 139,377 348581 153,820 102,797 :1,444,575 77278 Cargemated absences payable 4,967 5,013. 25;425 35,405
<br /> De4rn•
<br /> dbdbeaofResources Net pension tab03y" (72,11363 167,452) 11,539 -'53,643 (74,3061 •
<br /> Deferred ptiaian mistimes `48,617 49,001 '11,717 19,182 135,527 Otherpestemploymero beneftspayabk 112,379) (12.313) .110,088)' '31,141' Lain) •
<br /> Net Position - .. Deferred Pension resources ''-48617 40,848 18,727 19182' -135,174'
<br /> Net mtestmedsncipitalassets 5,391,887 13,2119,410 c'2,414,601 '247,674 21,343 72 NeperatingAc5videdties Eby --,- .- .
<br /> Unrestricted _ OperetinC Capital
<br /> f 515.988E 5692355 36f155 62755p_1,543,01 121.118)
<br /> 107.244 $2,272,671 1,533,484 73,750 3982156 489,883 icheddaof Norrash Capital and
<br /> Total Net Position :-$5499,131 f15562,088 f 3941,015$ a. '321,414 25,330,728E A39.883 'Relak dFvwscin9k5v4u,,
<br /> Captalassets a� denxmuR:nano f L 36,142 f - ':362,41
<br /> Serieemoleds reported br baaressdype actisilies in the statemeit of net position are ddfered Amortization pis of bend premium r.. 1.485. - - -
<br /> lmewconmbuedhom I.d85:, '•
<br /> because retail internal ten ce ford assets and 6a67 ties are included ash b s nos type activities 93,399 d- gadensnaml ac6va es - 74525 •ios25' -.
<br /> City of Orono;Minnesota
<br /> 625424,081. (Summary Financial Report
<br /> ,City of Orono,Minnesota Governmental Funds
<br /> StatementaiRevenue!,Expenses and chanpes'iI Net Position Revenues and Expenditures For General Operations
<br /> Proprietary Rid, For the Years Ended Dec ember 3112023 and 2022.
<br /> For the Year Ended December 31;'2023, ...• ..
<br /> Oovenenental Percent.
<br /> Total Inc
<br /> "icreese
<br /> ,Business-tspe Activities:Enterprise Funds Internal - 2023 ;2022 (Decrease)
<br /> Operrtng Revenues water .sewer stone Water Nonmapr Business-two Total seriice Funds Revenues -
<br /> "Taxes: $.'8.438.864 S 7014.703 20:30%
<br /> Chargesforsocket $'1.660,476 4 2,27E 637 f 765,327$ 604,329$ 5,307,084$' 709,161 Special assessments.
<br /> Other 161,2617 161,260 583,474 '22,960" 34.046 (7.15)
<br /> Total Dpeiatng Ilerenuei. 1,660,476 2,276,657 765,522 765.589 5,4e8.3M 1291,635` (donuts end permits 863,96D .734,043 17.57
<br /> _ Intergovernmental 1,306,012. 1.475-319 (11.48)
<br /> Operating Beanies Charges forservices- '4.144,378 4,121:474 0.56
<br /> Personnel sores.. 344,017 357,495 .213,340. 251,630 1,166,482 367,835 Fines and forfeits 160.073 83,741 -91.15
<br /> Supplies •4120 "17.243 5,030 53,084. 118,563 30970 lneestrnent earnings(loss) 507.584 (287.,118) N/A
<br /> Professional seraces 82260 .100,880' 53.348 260,207' 496,695 144,349 Miscellaneous 176,839 :128,852 37.28
<br /> Other Services and Charges - 19gs00 190,800 '2,891 -.
<br /> Utilities 117695 40,95i .- •158,634 .:
<br /> Repairs and maintenance 276,395 166.075 `-26.899= - 469.369 442,657 Total Revenues I J 15.620.458 s-33,296,260: 17.48%
<br /> Deprecatwn 169,003 .380,677 '66.135 20.322, 636,137 - 'Per Capita ; 1,849$ 1.567- 18.01%
<br /> Administrative charges*dmiad5ereral Sind 137,650 137,650' 69,680' 3,123.. 348,105
<br /> Imurencay -- '33,401 19,220 4320' - '57,541 359,578
<br /> Other5 Expenditures
<br /> 83993 s38,032 Ii,817 21,545� 1,008,317 - Gareth
<br /> Total Operating Expenses 1283.620 2078231 '486,169 802,713 4.650,733 1.348,280 General gavemmerst
<br /> Public safe ; 1.700,101 $ 1,406,879 20.84rX
<br /> Operating
<br /> ixcoelLossl, 376,8% 198A26' '279A53 137.124) e17,613 (55,645) safety „ 7,084.550 6,096,418 16.21
<br /> Operating
<br /> Public re 1.420.306' 922.394 53.98
<br /> Nonepentrg Reveniies(B eves) ,,, s .,„ ,_ Parks and recreation '467.192j ;724.281 135.50),
<br /> Investrnentnmmp 69,586 121.675 130,113 3,937 305,311 50:115 Comnsunity development 154,566` 46,406 233.07
<br /> Irtergoxrnnentl - '451,305 - = 8,519 459.824 Capital outla Miscellaneous reeenues 20.395 2.329' 9 13.532 '36.265 y
<br /> Interest and amortization expense (13,191) --• - (19,193) - Ptihlk safety 5.434.534 „191,140 364.34 ,
<br /> Total Nompera6rg - Public works 15,434.170. 2.279.810 576.99
<br /> Revenues 1E'enses) 76,790 573,309- '110,122 25,9811 788,209 50,115, Perla and recreation 31,432 62,880 �(50.01)
<br /> •Income(kiss)Before Debt service
<br /> Income
<br /> fers 45a;54s 773,735 B85y 75 -"` Principal' -, 1.095,000 735,000 48.98
<br /> 5 (Il`136) 1605,820 (5530) (Merest and other charges 450,581- 460,111 (2.07)
<br /> Cedtrxbu ions ardTransiers
<br /> Capital contributions from gevemmeidal funds 70.525 70,523 - Total Expenditures
<br /> Connection boo. -- - 21,530 5,251 u -. '$28:725,432 $'12,925,319 122.24%
<br /> Imergo mmerxtal :57605 (2.9 ,937) _ Per Capita
<br /> a $ 3,401$ 1,523 123:24
<br /> Transfers out .120104991 (1046750) 11003,600{ 77,701
<br /> Total Transfersand Cootr6utipns 11,010499) (967614Total LonO-terns lrtdebtedrsess ;`:i18V326.006 (3.54)96') (99a9491- 70.525 17.6.2,093 2.160 (3.10)
<br /> Change in Not Position (556,8531 (193.8791 (608,774) 52,389' {1,300,117) (5530) , ,-. ., - -,
<br /> General Fund-Balance-December31 ,.$ 4,217,743 ; 5;253.-
<br /> ,315 (19.71)%
<br /> Net Position 1'January 5.055,984 15,755,967 "4556,859 2b2.035.. 26,630,815 -495,413 Per Capita 499, �'•
<br /> 619 ,;(19.35)
<br /> Net Position,December 31 ) 5499121 s 15562088 5 3948'085 321424 3 25 30728 5 439883 The purpose of this report Is to provide a summary of financial information concerning the City of Orono to
<br /> Interested citizens. The complete financial statements may be examined at City Hall,2750 Kelley Parkway,
<br /> 's 11.300.117) Orono,Minnesota 56356.Questions about this report should be directed to the Finance Department at(952)
<br /> 249-4600.
<br /> Ad iatment to reflect eye ceneoidatonof,ntenal
<br /> -senors fund activates to the enterprise funds." (4,096) Published in the
<br /> Laker Pioneer
<br /> J 1,1304.2}3) July 6,2024
<br /> 1405946
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