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City of Orono, Minnesota
<br />Statistical Section (Unaudited)
<br />Changes in Fund Balances of Governmental Funds
<br />Last Ten Fiscal Years
<br />(Modified Accrual Basis of Accounting)
<br />2015 2016 2017 2018
<br />Revenues
<br />Taxes 4,839,722$ 5,057,941$ 5,258,546$ 5,448,238$
<br />Licenses and permits 846,343 715,281 613,218 954,278
<br />Intergovernmental 545,236 496,497 1,025,044 1,616,583
<br />Charges for services 2,896,458 2,973,534 3,165,196 3,211,749
<br />Fines and forfeitures 134,754 133,354 101,824 124,060
<br />Investment earnings 133,204 97,843 105,079 122,659
<br />Special assessments 70,349 8,537 2,226 22,935
<br />Miscellaneous 64,867 143,976 66,122 171,219
<br />Total Revenues 9,530,933 9,626,963 10,337,255 11,671,721
<br />Expenditures
<br />Current
<br />General government 1,285,064 1,362,293 1,474,265 1,433,076
<br />Public safety 4,906,117 5,073,430 5,298,939 5,628,086
<br />Streets 496,239 480,765 486,138 595,740
<br />Culture and recreation 268,831 281,340 304,333 421,996
<br />Community development - - - -
<br />Recycling - - 1,590 -
<br />Capital outlay 2,114,343 1,721,077 2,150,260 5,771,819
<br />Debt service
<br />Principal 1,010,000 1,085,788 3,556,024 660,000
<br />Interest and other charges 331,317 344,562 237,286 187,404
<br />Bond issuance costs - - - -
<br />Total Expenditures 10,411,911 10,349,255 13,508,835 14,698,121
<br />Deficiency of Revenues
<br />under expenditures (880,978) (722,292) (3,171,580) (3,026,400)
<br />Other Financing Sources (Uses)
<br />Transfers in 1,451,397 1,565,385 1,262,405 1,486,307
<br />Transfers out (1,131,188) (1,410,385) (1,107,405) (1,217,307)
<br />Bond issued - - - -
<br />Financed purchase issued - - - -
<br />Premium on bonds issued - 94,956 - -
<br />Refunding bonds issued - 2,680,000 - -
<br />Sale of capital assets 17,610 48,975 38,738 33,097
<br />Total Other Financing Sources (Uses) 337,819 2,978,931 193,738 302,097
<br />Net Change in Fund Balances (543,159)$ 2,256,639$ (2,977,842)$ (2,724,303)$
<br />Debt Service as a Percentage of
<br /> Noncapital Expenditures 24.20% 15.80% 16.40% 33.70%
<br />Fiscal Year
<br />140 167
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