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<br /> CITY OF ORONO •
<br /> 2024 FINANCIAL STATEMENT
<br /> City of Orono,Minnesota City of Orono,Minnesota
<br /> Statement of Net Position Statement of Revenues,Expenses end Changes In Net Position
<br /> Proprietary Funds Proprietary Funds
<br /> December 31,2024 For the Veer Ended December 31,2024
<br /> Governmental Governmental
<br /> Activities- AclMtles-
<br /> Business-type Activities-Enterprise Funds Internal Business-type ActMtles-Enterprise Funds Intemal
<br /> Nonrnalor Nonmejor
<br /> Water Sewer Storm Water Bermes-type Total Service Funds Water Sewer Storm Water Businese-type Total Service Fund.
<br /> Maas Operating Revenues
<br /> Cunene Awes Charges for services $ 1,287,443 $ 2,451,692 $ 757,167 $ 552,583 $ 5,048,885 $ 710,960
<br /> Cash andtenporary Investments $ 268,890 $ 1.654,625 $ 1,344,586 $ 60808 $ 5325909 $ 515.510 Other - - - 130209 _ 130,209 721,360
<br /> Receivables
<br /> Arsdb Total Operating Revenues 1,237µ3 2/151392 ]57.167 682,792 5,179,094 1,432,320
<br /> Accounts set 556 7,,353 5,619 900 65788 2443
<br /> asawrts 99,9227 305,751 105,61- 52900 565128 Operating Expenses
<br /> Spada)asaeasments 23n 3,372 - - 3378 -
<br /> Due hem mMpwemnents - 3,372 - - 3A]2 537 Personnel services 282.638 286$33 173401 247,940 990212 414,137
<br /> Prepaid Items 819 60,661 - 239 61,719 8,879 supplies 55994 15.102 14062 34463 118,621 45541
<br /> Total Current insets 372,564 2035,508 1,454,645 114,229 3,977,946 527,369 Professional services 105416 10Z990 50344 305,485 564,235 303,420
<br /> Other Services and Charges - - - 145873 145,873 9,529
<br /> Noncurrent Meets Utilities 82887 37µ7 - - 120,334
<br /> Capitalaseats Repairs end maintenance 175.055 215,709 26914 - 417,678 516,861
<br /> lend 62195 24,654 6,368 - 93,217 Depredation 222,500 367,615 64631 23252 679,998
<br /> Conetnrctbn in progress 61,051 739 1,650 - 63440 Administrative chargas from the General fund 115000 115000 55,680 Z519 283,199
<br /> Bulldingsandsysttems 1,682102 117457 - - 1,299,559 Insurance 21,400 15540 4,500 - 41,440 335157
<br /> Distribution/mlletIon system 7,918460 22425059 2949,578 247,037 33,540.134 Other 73,070 907,265 48,356 34177 1,062,868
<br /> Machinery and equipment 100.444 661,685 245,870 267,514 1,275543 Total Operating Expenses 1,132960 2,062,901 439,888 793,709 4429458 1,674,645
<br /> Total Capital Mseta 9,824,252 23,229,594 3203,466 514,501 30,771,893 Operating income(Loss) 154483 388.791 31J379 (114917) 749,636 (242,325)
<br /> Less accumulated depreciation (395],/73) (9,795,757) (621,001) (248,596) (14,622,827)
<br /> Net Capital Assets 5866,779 13,433,837 2582465 265,985 22149,066 Nonoperating Revenues(Expenses)
<br /> Investment earnings 9,418 73362 69,896 3,995 157,171 37,638
<br /> Total Meets Q239,343 15470,345 4037,110 380,214 25127,012 527,369 Intergovernmental - - - 20226 20,226
<br /> Micelleneousrevenues 24682 15460 Z529 35859 78.530 -
<br /> Deferred Outflows ofResources Interest and amortdation expense (11,287) - - - (11,287) -
<br /> Deferred penson reeaun es 22,463 22712 13,202 15,058 73,435 - Total Nonoperetirg
<br /> Revenues(Expenses) 22813 89,322 72425 60080 214,640 37,638
<br /> liabilities
<br /> Current Uabilibes Income(Loss)Before
<br /> Amounts and contracts payable 20,953 26,572 2832 9,323 59,680 15995 Contributions and Transfers 177,296 478,113 389204 (50,837) 994,276 (204,687)
<br /> Accrued salaries payable 6,641 6,510 4,592 4,816 22559 11,178
<br /> Due to other governments 3,942 7,096 - 4843 17,881 Contributions and Transfers
<br /> Aoaued interest payable 5,255 - . - 5255 Connection fees - - 21,180 - 21,180 -
<br /> Depcebspayable 7,000 - - 7000 - Transfers In - - - - 260,000
<br /> Compensated absences payable-currentportion 9,163 10,518 12507 - 32188 Transfers out (135,979) (792,360) (454,564) (20000) (1,402,903) (45000)
<br /> Other postemploymerrt benefits payable 975 967 762 693 3.397 Balls payable-current portion 91,485 91,485 .
<br /> Total Transfers and Contributions
<br /> ne ( (792360) (433384) (20000) (1,381,723) 215000
<br /> - -
<br /> Total Current liabilities 149,414 51,663 20.693 21,6]5 239.N5 27,173 Change In Net Position 41,317 (314,247) (43,680) (70,837) (387447) 10313
<br /> Noncurrent liabilities
<br /> Bonds payable 385,191 - - - 385191 . Net Position-January 1 5,199,131 15562,088 3,948,085 321424 25330,728 489.883
<br /> Compensated absences payable 9,163 10,518 12507 . 32188 •
<br /> Net pensionitabllity 92203 93.226 54,195 61,816 301,440 - Net Position,December 31 5540448 S 15347.641 S 3.90d.405 S 250.587 S 24.943.281 5 S00.196
<br /> Oder PoetenWloonmenl benefitspayeble 30,705 35475 24,011 21,840 107,031 -
<br /> Total Noncurrent Liabilities 517,262 134219 90,]13 83,656 825,850 - Change in net position es shown above $ (382447)
<br /> Total Liabilities 662,676 185,882 111A06 105,331 1,065,295 27,173 Adjustment to reflect the consolidation of!Memel
<br /> aervke fund activities to the enterprise funds. 1,463
<br /> Defeated Inflows of Resouces
<br /> Deferred penal.resources 58,632 59,334 34,501 39,354 191371 • Change in net position-business-type ectivbles $ (385.954)
<br /> Net Pos1Om
<br /> Net Investment In capital assets 5385,503 13,433,505 2581,517 265.985 21,664516 -
<br /> Unrestricted 154,939 1,814,336 1,32.2,888 (15,398) 3,276.765 500,196 City Of Orono,Minnesota
<br /> Total Net Position $ 5510448 S 15347.641 S 3904.405 $ 250.587 24,943,281 $ 500.196 Statement dGud
<br /> Proprietor/Da
<br /> For the War Ended December
<br /> Some amounts reported for buslneeatype actMtk5 In the statement of net position are different ecember 31,3024
<br /> because certain internal service fund assets and Ilablbks are Included with business-type actM0e5 94,822 Golernneasl
<br /> Activities.
<br /> S 25034103 Buslnesorype Activities-Enterprise Funds Mental
<br /> Nomura
<br /> Water Sewer Storm Business-type Total Service Funds
<br /> The nerve to the(immoral statements are an i l pert of Ns statement CashFlowafranustmers.S uses
<br /> ntegra Receipts from Operating
<br /> ell uses $1294702 $2344118 6 )]6,103 $ 685194 6 5103387 $ 1491283
<br /> Other operating rece9ts 24,682 15460 2529 35859 74530
<br /> Payments toeppliw (627,466) (442377) (199315) (507,505) (2,774063) (1285080)
<br /> Payments°employees (340,735) (334934) (195970) (235,975) (1,111,614) 005848)
<br /> Net Cash Provided(Used)by
<br /> City of Orono,Minnesota Operating ActiNdee 3a1,183 5/4597 385647 (14/87) 1293,940 (254115)
<br /> Summary Financial Report
<br /> Cash Flows from GovernmentalNoncapitel
<br /> Funds Chancing AdiMtiestlea
<br /> Revenues and Expenditures For General Operations intergovernmental - - - 20226 20,226
<br /> Transfers from other fun - - - - 260,053
<br /> For the Years Ended December 31,2024 and 2023 Tremsfee to other funds (135929) (792360) 055560 (20.000) (1,402903) (45000)
<br /> Net Cash Provided(Used)by .
<br /> Percent Nonapitel Financing Activities (135,979) (792360) (454,.564) 226 (1382,677) 2150W
<br /> Total increase cash Flaws horn Capeal end
<br /> 2024 2023 (Decrease) Related Fsnming Adbmes
<br /> Convection fees reserved - - 21,180 - 21,180
<br /> Revenues Special assessments Rowed 7331 20253 27484
<br /> Taxes $ 9,452,291 $ 8,438,864 12.01 % Acquisition of cepltal assets (131,122) (547,952) (239,547) (41,569) (955184)
<br /> Interest paid on debt (13,569) - - - (13,569)
<br /> Special assessments 28,332 22,698 24.82 Principal paid on bends (E) - - - (es,DDD)
<br /> Licenses and permits 787,936 863,960 (8.80) Net Cash Provided(Used)by capital
<br /> intergovernmental 760,565 1,306,012 (41.76) and Reeled Financing Activities (222,360) (522799) (212367) (41,563) OA04,889)
<br /> Charges for services 3,974,130 4,144,378 (4.11) corn Flows from Nwereg a.m,Ries
<br /> Fines and forfeits 111,994 160,073 (30.04) Imeaenent recepta 8362 65,99 65447 4171 147,599 34622
<br /> Investment earnings(loss) 550,220 507,584 8.40 Net Mouse(DprWe)F
<br /> Miscellaneous 237,094 176,889 34.04 Cash end Cash EquMlees 1,706 (672443) (217337) (56.653) (945227) (7523)
<br /> Cash all Cash Equivalents,January l 267,184 2322068 1,555423 117461 4274,136 523,033
<br /> Total Revenues $ 15 902 562 15 620 458 1.81 %
<br /> Per Capita 1,897 1,849 2.58 % Cash end Cash Equivalents,December 31 $ 264890 1 25 $ 19U.SB6 S 60.BDB $3328.909 S 51551D
<br /> 06o rtMlesen ofopestlrg Income(Lora)
<br /> Expenditures 5 Nat Cash Provided Need)by Opessng Activities
<br /> Cpreating MNemrreenta t rereconcile roweling intone(ices) $ 154483 6 9BB,791 $ 917,279 $ (110.917) $ 749,636 $ (342325)
<br /> Current
<br /> General government $ 1,690,550 $ 1,700,101 (0.56)% to net ash provided(used)byapest➢gactivities
<br /> Public safety 7,792,479 7,084,550 9.99 Depredation 222500 367,615 66,631 23,252 679,993 •
<br /> 17.40 OthercWme related to operations 24,682 15460 2329 35859 78,530 •
<br /> Public works 1,173,200 1,420,306 ( ) (Increase)decrease In assets/deferred
<br /> Parks and recreation 410,251 467,192 (12.19) outflows of resources
<br /> Accounts receivable 2259 (113302) 15936 5342 (82,365) (537)
<br /> Community development 4,559 154,566 (97.05) Due from other govemmees 6358 - 6,958
<br /> Capital outlay Prepaid Items (819) 3,563 - (197) 2,547 33.822
<br /> Public safety 1,087,654 887,534 22.55 x,oD,asfeeferede pe:a0rsources/aafe.se 27,026 27.168 5860 4468 65522
<br /> Public works 4,605,743 15,434,170 (70.16) Inflows of resources
<br /> Parks and recreation 119,360 31,432 279.74 Accounts ell omNda0.061e 7,782 (34916) 841 8400 (i7A93) (56.908)
<br /> Accrued salaries payable 155 101 1,726 2,349 4331 7289
<br /> Debt service Due°other gmemmets (4602) (1671) 0309 (1469) @MO
<br /> Principal 666,177 1,095,000 (39.16) Compensated absences payable 2671 7,324 (27471) - (57216)
<br /> interest and other char 458,208 450,581 1.69 net pension liebiury (80,732) (81,074) (12417) (6316) (180,639) -
<br /> charges Other posempiowmm benefits payable (17282) (16,819) (6541) (4604) (48244) -
<br /> Deferred pension resources ,0,065 10,333 15]74 30,1]2 56,344 -
<br /> Total Expenditures $ 18,008,181 $ 28,725,432 (37.31)% Net Cash Provided(Used)b,
<br /> Per Capita $ 2,148 $ 3,401 (36.83) OP...m9Ac9d0e: 351183 5.59J 341647 $ (19,487) 8 1193.940 $ (259245)
<br /> Schedule of Noncash Capbel all
<br /> Total Long-term Indebtedness $ 17,210,063 $ 17,677,701 (165)% Related Financing ActNroes
<br /> Per Capita 2,053 2,093 (1.90) Capital
<br /> esaeta acquired oncoan $ 5594 $ 332 $ MI $ - $ 5874 $ -
<br /> ancN7atice of bond premium 1,485 - - - 1,485 -
<br /> General Fund Balance-Decembef31 $ 4,775,598 $ 4,217,743 13.23 % the notes o the financial statements ere an integral pen ofmnoaement
<br /> Per Capita 570 499 14.09
<br /> Published in the
<br /> The purpose of this report is to provide a summary of financial Information concerning the City of Orono to Interested Laker Pioneer
<br /> • citizens.The complete financial statements may be examined at City Hall,2750 Kelley Parkway,Orono,Minnesota June 28,2025
<br /> 55356.Questions about this report should be directed to the Finance Department at(952)249-4600. 1478072
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