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City of Orono, Minnesota
<br />Statistical Section (Unaudited)
<br />Changes in Net Position (Continued)
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2015 2016 2017 2018
<br />Net Revenues (Expenses)
<br />Governmental activities (3,856,472)$ (5,414,564)$ (3,929,910)$ (3,153,963)$
<br />Business-type activities 370,706 482,285 113,891 236,500
<br />Total Primary Government Net Revenues (Expenses) (3,485,766)$ (4,932,279)$ (3,816,019)$ (2,917,463)$
<br />General Revenues and Other Changes in Net Position
<br />Governmental activities
<br />Taxes
<br />Property taxes 4,819,345$ 5,021,340$ 5,268,854$ 5,510,133$
<br />Tax increments - - - -
<br />Grants and contributions not restricted to specific programs - - - -
<br />Other general revenues 44,051 149,388 53,207 193,279
<br />Unrestricted investment earnings (loss) 144,252 109,752 114,356 132,799
<br />Gain on sale of capital assets 6,466 45,518 38,738 -
<br />Transfers 320,209 155,000 155,000 (41,000)
<br />Total Governmental Activities 5,334,323 5,480,998 5,630,155 5,795,211
<br />Business-type activities
<br />Other general revenues 141,546 160,967 185,909 79,683
<br />Grants and contributions not restricted to specific programs - - - -
<br />Unrestricted investment earnings (loss) 67,076 57,319 54,443 51,588
<br />Transfers (320,209) (155,000) (155,000) 41,000
<br />Total Business-type Activities (111,587) 63,286 85,352 172,271
<br />Total Primary Government 5,222,736$ 5,544,284$ 5,715,507$ 5,967,482$
<br />Change in Net Position
<br />Governmental activities 1,477,851$ 66,434$ 1,700,245$ 2,641,248$
<br />Business-type activities 259,119 545,571 199,243 408,771
<br />Total Primary Government 1,736,970$ 612,005$ 1,899,488$ 3,050,019$
<br />Note: The City implemented GASB Statement No. 68 and GASB Statement No. 67 in fiscal 2015. Years prior to 2015 have not been
<br />restated. The City implemented GASB Statement No. 75 in fiscal 2018. Years prior to 2018 have not been restated.
<br />Fiscal Year
<br />136 163
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