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City of Orono, Minnesota
<br />Summary Financial Report
<br />Governmental Funds
<br />Revenues and Expenditures For General Operations
<br />For the Years Ended December 31, 2024 and 2023
<br />2024 2023
<br />Revenues
<br />Taxes 9,452,291$ 8,438,864$ 12.01 %
<br />Special assessments 28,332 22,698 24.82
<br />Licenses and permits 787,936 863,960 (8.80)
<br />Intergovernmental 760,565 1,306,012 (41.76)
<br />Charges for services 3,974,130 4,144,378 (4.11)
<br />Fines and forfeits 111,994 160,073 (30.04)
<br />Investment earnings (loss) 550,220 507,584 8.40
<br />Miscellaneous 237,094 176,889 34.04
<br />Total Revenues 15,902,562$ 15,620,458$ 1.81 %
<br />Per Capita 1,897$ 1,849$ 2.58 %
<br />Expenditures
<br />Current
<br />General government 1,690,550$ 1,700,101$ (0.56) %
<br />Public safety 7,792,479 7,084,550 9.99
<br />Public works 1,173,200 1,420,306 (17.40)
<br />Parks and recreation 410,251 467,192 (12.19)
<br />Community development 4,559 154,566 (97.05)
<br />Capital outlay
<br />Public safety 1,087,654 887,534 22.55
<br />Public works 4,605,743 15,434,170 (70.16)
<br />Parks and recreation 119,360 31,432 279.74
<br />Debt service
<br />Principal 666,177 1,095,000 (39.16)
<br />Interest and other charges 458,208 450,581 1.69
<br />Total Expenditures 18,008,181$ 28,725,432$ (37.31) %
<br />Per Capita 2,148$ 3,401$ (36.83)
<br />Total Long-term Indebtedness 17,210,063$ 17,677,701$ (2.65) %
<br />Per Capita 2,053 2,093 (1.90)
<br />General Fund Balance - December 31 4,775,598$ 4,217,743$ 13.23 %
<br />Per Capita 570 499 14.09
<br />Total
<br />Percent
<br />Increase
<br />(Decrease)
<br />The purpose of this report is to provide a summary of financial information concerning the City of Orono to interested
<br />citizens. The complete financial statements may be examined at City Hall, 2750 Kelley Parkway, Orono, Minnesota
<br />55356. Questions about this report should be directed to the Finance Department at (952) 249-4600.
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