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5* l!ldividual_Economi^^ - These figures generated <br />from income tax figures show Orono with an individual <br />per capita income substantially less than the state wide <br />income. Possible explanations may include a; reflection <br />of the disparity in income in the community together <br />with population with a minimal taxable income, including <br />retirees and persons of substantial wealth. <br />7. Expenditures by Function and 8. Per Capita - Because <br />of the contract work that the City does, the figures for <br />expenditures are somewhat skewed, particularily as it <br />relates to the Police Department. The City of Orono's <br />costs are approximately half those listed and as such <br />would reduce the total per capita expenditures in 1988 <br />by $56 to $279. The City's Police per capita <br />expenditures would be adjusted to about $50 per capita. <br />As noted in the latter portion of the report the City's <br />per capita cost of $50 per capita for Police is <br />substantially below even the average for Metro cities. <br />The overall cost of $279 is substantially below the <br />total average. <br />9. Chang^e_in_Property_Tax_Levy - Orono's levy through <br />1986 has increased 25% since 1982 against a Metro <br />average of 31.5%. <br />10. Outstand^ng^_Indebtedness_Tre - As noted the <br />City's indebtedness during the last five years for <br />general obligation has decreased 64% with a 20% <br />reduction in special assessments. The Metro averages <br />have gone up 46% for G.O. Bonds and about 1% in <br />specials. The City currently has no tax increment <br />financing bonds. During this time period the Metro area <br />increased its tax increment financing bonds by 143%. <br />15. Earnings on Investments - The primary reason for <br />decrease rn earnings has been the decrease in interest <br />rates. These have stablized in 1987 and are expected to <br />remain about the same in 1988. <br />17. Number of Employees - The number of employees <br />reported reflects the police officers specifically <br />assigned to the other communities, as does the payroll <br />figures in indicator 18. <br />19. Operating Funds - The net income deficits reported <br />in the”sewer an^water funds are those as reflected <br />before applying operating transfers in/out and before <br />applying credits for depreciation on contributed assets. <br />After the inclusion of these items the net income to <br />retained earnings for the water fund is $10,166; the <br />sewer fund is $69,611; with the golf course fund <br />reflecting the only net loss of $4,485. The actual <br />position of these funds has working capital for the