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HomeMy WebLinkAbout06-24-2024 CC Agenda PacketAgenda City Council Meeting Monday, June 24, 2024, 6:00 PM City Council Chambers | 2780 Kelley Parkway, Orono, MN 55356 952-249-4600 /https://www.oronomn.gov/ 1. Orono Firefighter Swearing in Ceremony 2. City Council Minutes 3. Work Session Schedule 4. Claims/Bills 5. Equipment Loan Agreement between the City of Lino Lakes and the City of Orono 6. Hire IT Technician 7. Lake Minnetonka Conservation District 8. 2023 Annual Comprehensive Financial Report Presentation 9. Property Assessment Service Contract - Hennepin County 10. Correspondence with City of Long Lake Fire Service from Orono Fire Department. 11. Council Committee Reports 12. Closed session to discuss Long Lake v. Orono litigations Roll Call Pledge of Allegiance Approval of Agenda Ceremony Consent Agenda Presentations Finance Report Attorney Report City Administrator/Engineer Report Council Committee Reports Public Comments - (Limit 3 Minutes per Person) This is an opportunity for the public to address the City Council. The council will not engage in discussion or take action on items presented at this time. However, the council may refer issues to staff for follow up or consideration at a future meeting. Speakers should state their name and home address at the podium before speaking. The council will first open the podium to Orono residents before opening the podium to any member of the public wishing to address the council. Mayor/Council Report Closed Session Sign up for email notifications at https://www.oronomn.gov/ 1 Adjournment Upcoming Events June 28 Voting Opens July 1 Grand Opening Orono Fire July 4-5 Independence Day - Holiday July 8 City Council Sign up for email notifications at https://www.oronomn.gov/ 2 Date: June 24, 2024 Item: 1 Presenter: James Van Eyll, Fire Chief Section: Ceremony Title: Orono Firefighter Swearing in Ceremony 1.Purpose: The purpose of this action is to administer the oath of office to the firefighters and fire officers. 2.Background: The Orono Fire Department has hired 22 firefighters over the past year. The firefighters have completed all the necessary training to be a firefighter or are currently enrolled. Mayor Walsh will administrator the Oath of Office and Each firefighter will receive their badge from a family member or friend of their choosing. 3.Staff Recommendation: No Staff Recommendation Needed AGENDA ITEM COUNCIL ACTION REQUESTED No Council Action Requested 3 Date: June 24, 2024 Item: 2 Presenter: Christine Lusian, City Clerk Section: Consent Agenda Title: City Council Minutes 1.Purpose: The purpose of this item is to approve the City Council Meeting Minutes of June 10, 2024 2.Staff Recommendation: Approve the City Council work session and regular meeting minutes. AGENDA ITEM COUNCIL ACTION REQUESTED Approve the City Council Work Session and Regular Meeting Minutes of June 10, 2024. Exhibits 06-10-2024 CC Minutes 06-10-2024 CC Minutes - work session 4 Minutes City Council Regular Meeting Monday, June 10, 2024, 6:00 PM City Council Chambers 2780 Kelley Parkway, Orono, MN 55356 Page 1 of 3 Mayor Walsh called the meeting to order at 6:00 p.m., followed by the Pledge of Allegiance. ROLL CALL Orono City Council members present: Mayor Dennis Walsh, City Council Members Matt Johnson,Alisa Benson, and Richard Crosby III.Members absent: City Council Member Maria Veach. Staff present were City Administrator/Engineer Adam Edwards, Finance Director Maggie Jin,Fire Chief James Van Eyll, Park Director Josh Lemons and Community Development Director Laura Oakden. PLEDGE OF ALLEGIANCE APPROVAL OF AGENDA CONSENT AGENDA 1.City Council Minutes 2.Work Session Schedule 3.Claims/Bills 4.Rental Licenses 5.Waste Hauler Licenses 6.2023 Funds Transfer This item was removed from the Consent Agenda 7.Employee Pay Correction –Resolution 7484 8.Cellular Tower Lease Extension -New Cingular Wireless 9.Plumbing Improvements at Temporary Fire Station This item was removed from the Consent Agenda 10.Hire Part-Time Fire Fighters This item was removed from the Consent Agenda 11.Appoint Public Works Maintenance Worker Crosby moved, Johnson seconded, to approve the Agenda and the Consent Agenda with items 6, 9 and 10 removed. VOTE: Ayes 4, Nays 0. COMMUNITY DEVELOPMENT REPORT Community Development Director Oakden reported on Building Permit Revenue from the previous month and compared to last year as well as other department activities. PARKS REPORT 12.Accept Tree Donation –Resolution 7485 The City Council is requested to review the Staff report, receive a presentation,and discuss and adopt the resolution accepting a donation of three quaking aspen for the new public works site and three apple trees for the golf course from the Orono Garden Club. 5 Minutes City Council Regular Meeting Monday, June 10, 2024, 6:00 PM City Council Chambers 2780 Kelley Parkway, Orono, MN 55356 Page 2 of 3 The Council discussed the item and asked questions of staff and Claire Berrett, president of the Orono Garden Club. Johnson moved, Crosby seconded, to adopt Resolution 7485 accepting the donation of trees from the Orono Garden Club. VOTE: Ayes 4, Nays 0. PUBLIC SAFETY REPORT 9. Plumbing Improvements at Temporary Fire Station The City Council is requested to review the Staff report, receive a presentation,and discuss and approve awarding the contract for basic plumbing improvements to install laundry facilities to low bidder B & D Plumbing for $9,753. Crosby moved, Johnson seconded, to award the contract for the plumbing improvement to B & D Plumbing. VOTE: Ayes 3, Nays 1 (Benson). 10. Hire Part-Time Fire Fighters The City Council is requested to review the staff report, receive a presentation,and discuss and approve hiring Stephanie Erven as a part-time firefighter. Johnson moved, Crosby seconded, to approve a conditional job offer to Stephanie Erven with an effective start date of June 11 at a rate of $20 per hour. VOTE: Ayes 3, Nays 1 (Benson). Fire Chief Van Eyll updated the City Council on the stand-up status of the new Orono Fire Department in terms of staffing and equipment for a July 1 start-up. CITY ATTORNEY REPORT Amy Schmidt of Cambell Knutson was present on behalf of City Attorney Soren Mattick and did not have a report. CITY ADMINISTRATOR/ENGINEER REPORT 6.2023 Funds Transfer The City Council is requested to review the staff report, receive a presentation,and discuss and approve the 2023 Funds Transfer. Johnson moved, Crosby seconded, to approve the 2023 Funds Transfer. VOTE: Ayes 4, Nays 0. COUNCIL COMMITTEE REPORTS 13.Council Committee Reports Walsh and Benson reported on a meeting of the Legal Committee.City Administrator Edwards reported for Council Member Veach on the Long Lake Fire Advisory Board meeting. 6 Minutes City Council Regular Meeting Monday, June 10, 2024, 6:00 PM City Council Chambers 2780 Kelley Parkway, Orono, MN 55356 Page 3 of 3 PUBLIC COMMENTS Ritchie Anderson, 3205 Crystal Bay Road, Orono;and Kelly Grady, 271 Greenhill Lane, Long Lake provided comments. MAYOR/COUNCIL REPORT Mayor and Council provided reports. ADJOURNMENT Walsh moved, Crosby seconded, to adjourn the meeting at 7:06 p.m.to Monday, June 24, 2024 at 6:00 p.m.VOTE: Ayes 4, Nays 0. ATTEST: ____________________________________________________________________________ Christine Lusian, City Clerk Dennis Walsh, Mayor Minutes approved by Orono City Council June 24, 2024. Meeting videos and transcripts available at oronomn.gov. 7 Minutes City Council Work Session Monday, June 10, 2024, 5:00 PM City Council Chambers | 2780 Kelley Parkway, Orono, MN 55356 ROLL CALL City Council members present: Mayor Dennis Walsh, City Council Members Alisa Benson, Richard Crosby,and Matt Johnson. Staff present: City Administrator/Engineer Adam Edwards, Community Development Director Laura Oakden,Planners Melanie Curtis and Natalie Nye, and City Clerk Christine Lusian. DRIVEWAY WIDTH / AVERAGE LAKE SHORE SETBACK Community Development Director Oakden introduced the topics of driveway size and lake setback with options to update the process on how requests are reviewed and processed. Council discussed details like hardcover, development closer to the lake, sideview protection, staff time required with variances, appeals process, code amendment process and public notification requirements. Council asked to develop amended language at a future work session and community development director Oakden agreed to coordinate. ADJOURNMENT Work session ended at 5:48 p.m. ATTEST:CITY COUNCIL ________________________________________________________________________ Christine Lusian, City Clerk Dennis Walsh, Mayor 8 Date: June 24, 2024 Item: 3 Presenter: Adam Edwards, City Administrator / Engineer Section: Consent Agenda Title: Work Session Schedule 1.Purpose: The purpose of the action item is to forecast future work session agendas. 2. Date Subject Date Subject 8 Jan Annual Appointments 8 Jul 22 Jan Recodification-streets, utilities, parks 22 Jul General Fund Budget Update 12 Feb Average Lakeshore Setback (Part 3)12 Aug Average Lakeshore Setback (Part 5) Cannabis Discussion 26 Feb Interview Commissioner Applicants (Parks/Planning)-- if needed; Police Department Canine Program Overview 26 Aug Enterprise Budget Update 11 Mar Elected and appointed official civility; tech use at the dais; appropriate use of staff time 9 Sep Preliminary Levy / Budget 8 Apr Street Maintenance 2025 Meeting Minutes 23 Sep 22 Apr 14 Oct Draft Capital Improvement Plans 13 May Street Maintenance 2025 (Part 2)28 Oct Draft Capital Improvement Plans 28 May Grants Primer 12 Nov 10 Jun Average Lakeshore Setback (Part 4) Driveway Width within the Shoreland 25 Nov Fee Schedule Update 24 Jun Preliminary Budget Guidance 2025 9 Dec Council Vision and Goal Setting Background: This is an opportunity for council members to propose and agree to future work session topics. Work session meetings are at 5 pm on the same days as 6 pm regular council meetings. The table below lists upcoming proposed subjects and dates. 3.Staff Recommendation: I recommend the next work session occur as scheduled. AGENDA ITEM COUNCIL ACTION REQUESTED Move to approve the draft work session schedule. 9 Date: June 24, 2024 Item: 4 Presenter: Alicia Johnson, Resource Management Technician Section: Consent Agenda Title: Claims/Bills 1.Purpose: The purpose of this action item is to approve payment of claims made on the City for services and/or products provided to the City. 2.Background: The attached claims for payment have been received by the City. Staff has reviewed the claims and is recommending approval of the listing for payment. The claims will be paid by checks 123692 to 123796 and ACH transactions 20130488 to 20130495 totaling $590,195.48. 3.Staff Recommendation: Staff recommends approval of a motion authorizing payment to the claims listed as presented. AGENDA ITEM COUNCIL ACTION REQUESTED Motion to approve the claims list as presented. Exhibits Check Register 2024-06-18 10 City of Orono Check Register - COUNCIL REPORT Page: 1 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount ASPEN EQUIPMENT CO 06/10/2024 123692 PSO062391-101-43000-221 RUBBER SNOW DEFLECTOR Public Works Department 891.11 ASPEN EQUIPMENT CO 06/10/2024 123692 PSO062391-101-43000-221 RUBBER SNOW DEFLECTOR Public Works Department 891.11- Total 123692:.00 ASPEN EQUIPMENT CO 06/10/2024 123693 PSO062391-101-43000-221 RUBBER SNOW DEFLECTOR Public Works Department 891.11 Total 123693:891.11 CENTERPOINT ENERGY MAIN 06/07/2024 123695 06.2024 1106 602-49450-381 GAS SERVICE 1106 LOMA LINDA GENERATOR 4/Sewer 25.62 Total 123695:25.62 DAHLHEIMER BEVERAGE MON 06/07/2024 123696 2197117 613-49830-094 CONCESSIONS Golf Course 190.20 DAHLHEIMER BEVERAGE MON 06/07/2024 123696 2197117 613-49830-091 ALCOHOL Golf Course 472.35 Total 123696:662.55 LAKESCAPE LLC 06/07/2024 123697 1252 101-45200-404 BEACH CLEAN-UPS Parks 948.75 Total 123697:948.75 MGX EQUIPMENT SERVICES LL 06/07/2024 123698 PSO062391-101-43000-221 RUBBER SNOW DEFLECTOR Public Works Department 891.11 Total 123698:891.11 Perry's Truck Repair 06/07/2024 123699 2099 701-49800-403 433 CHIPPER BOX 443.20 Total 123699:443.20 SHERWIN WILLIAMS 06/07/2024 123700 8622-9 440-48960-530 PAINT AND SUPPLIES FOR NEW FIRE HQ 27.46 Total 123700:27.46 WALSER AUTOMOTIVE GROUP 06/07/2024 123701 212809 101-42110-550 TSV- 2024 MAZDA (GRANT CAR)Police Department 7,605.20 WALSER AUTOMOTIVE GROUP 06/07/2024 123701 212809 437-42110-550 TSV- 2024 MAZDA (GRANT CAR)30,420.80 Total 123701:38,026.00 XCEL ENERGY 06/07/2024 123702 879405320 602-49450-381 3425 LYRIC 04/28/24-05/28/24 Sewer 24.02 11 City of Orono Check Register - COUNCIL REPORT Page: 2 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123702:24.02 CENTRAL PENSION FUND SOU 06/14/2024 123703 06.13.24 FU 101-21705 CENTRAL PENSION FUND 06.13.2024 992.00 Total 123703:992.00 DEEP ROOTS CONCESSIONS L 06/14/2024 123704 1023 613-49830-489 FOOD TRUCK Golf Course 600.00 Total 123704:600.00 Jefferson Fire & Safety 06/14/2024 123705 IN315209 415-42260-580 NOZZELS FOR E1 AND E2 12,205.01 Total 123705:12,205.01 LEAGUE OF MN CITIES 06/14/2024 123706 2ND PAYME 703-49960-151 2024 2ND HALF WC INSURANCE 112,248.00 Total 123706:112,248.00 MHSRC/Range 06/14/2024 123707 337900-1098 101-42110-437 TRAINING - EVOC/PIT REFRESHER KLUKAS Police Department 510.00 Total 123707:510.00 MIKE NORTH CONSTRUCTION 06/14/2024 123708 24-16 613-49830-489 GOLF COURSE PAVILION Golf Course 40,000.00 Total 123708:40,000.00 A 1 RENT IT 3607 06/24/2024 123709 201471-1 101-45200-404 TILLER RENTAL Parks 56.00 Total 123709:56.00 ALMA HOMES LLC 06/24/2024 123710 RPS23-0000 101-22205 ESCROW REFUND - RPS23-000020 - 550 ORON 10,000.00 Total 123710:10,000.00 ANTHONY & LISA REHMAN 06/24/2024 123711 RPS21-0001 101-22205 ESCROW REFUND - RPS21-000120 - 2703 WALT 1,000.00 Total 123711:1,000.00 BARBARA BURWELL 06/24/2024 123712 Z23-000042 - 101-22205 ESCROW REFUND - Z23-000042 - 1055 TANAGE 1,000.00 12 City of Orono Check Register - COUNCIL REPORT Page: 3 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123712:1,000.00 BIFFS INC 06/24/2024 123713 CM97947 101-45200-404 BIFFS CREDIT Parks 300.00- BIFFS INC 06/24/2024 123713 W969999 101-45200-415 BIFF RENTAL Parks 257.00 BIFFS INC 06/24/2024 123713 W970000 101-45200-415 BIFF RENTAL Parks 166.00 BIFFS INC 06/24/2024 123713 W970001 101-45200-415 BIFF RENTAL Parks 182.00 BIFFS INC 06/24/2024 123713 W970002 613-49830-415 BIFF RENTAL Golf Course 91.00 BIFFS INC 06/24/2024 123713 W970003 101-45200-415 BIFF RENTAL Parks 91.00 BIFFS INC 06/24/2024 123713 W970004 101-45200-415 BIFF RENTAL Parks 166.00 BIFFS INC 06/24/2024 123713 W970005 101-45200-415 BIFF RENTAL Parks 91.00 BIFFS INC 06/24/2024 123713 W970006 101-43100-415 BRUSH SITE Brush Site 91.00 Total 123713:835.00 BOLTON & MENK INC.06/24/2024 123714 0337541 602-16500 22-021 FORCEMAIN REPLACEMENT (TONKAWA)3,746.00 BOLTON & MENK INC.06/24/2024 123714 0337542 435-48976-304 23-001 2023 FOX STREET IMPROVEMENT PROJ 209.00 BOLTON & MENK INC.06/24/2024 123714 0337543 408-48800-590 21-040 NAVARRE PARKING LOT 104.50 BOLTON & MENK INC.06/24/2024 123714 0337544 602-16500 24-014 SANITARY SEWER REHAB (CIPP)1,869.50 BOLTON & MENK INC.06/24/2024 123714 0337546 101-43280-304 LA21-000037 ORCHARD CREEK Special Services 1,700.50 BOLTON & MENK INC.06/24/2024 123714 0337547 101-43280-304 LA21-000036 ORONO CROSSINGS Special Services 455.50 BOLTON & MENK INC.06/24/2024 123714 0337548 101-43170-305 GIS MAINTENANCE GENERAL Engineering 379.00 BOLTON & MENK INC.06/24/2024 123714 0337549 234-45680-304 24-026 LURTON PARK PARKING LOT 1,224.50 BOLTON & MENK INC.06/24/2024 123714 0337550 101-43000-304 EASMENT WORK - FOX AND ORONO ORCHARD Public Works Department 2,043.50 BOLTON & MENK INC.06/24/2024 123714 0337550 101-43170-305 CAD ZONE MAP UPDATES -FIRE Engineering 196.50 BOLTON & MENK INC.06/24/2024 123714 0337551 435-48978-304 24-001 2024 STREETS IMPROVEMENTS PROJE 2,124.00 BOLTON & MENK INC.06/24/2024 123714 0337552 101-43280-304 LA24-000019 860 BROWN ROAD Special Services 2,361.50 BOLTON & MENK INC.06/24/2024 123714 0338118 710-49970-575 24-036 ARCGIS ONLINE UPGRADE PROJECT 2,358.00 Total 123714:18,772.00 BOND TRUST SERVICES CORP 06/24/2024 123715 88437 322-47000-611 INTEREST 2014A 23,806.25 Total 123715:23,806.25 BOYER TRUCKS INC 06/24/2024 123716 093P13817 701-49800-240 SHOP LIGHTS 120.00 Total 123716:120.00 BURSCH BROS. INC 06/24/2024 123717 SE22-00000 101-22205 ESCROW REFUND - SE22-000006 - 1160 WILLO 1,000.00 13 City of Orono Check Register - COUNCIL REPORT Page: 4 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123717:1,000.00 CAMPBELL KNUTSON 06/24/2024 123718 2717-0000G 101-41600-307 ADMINISTRATION/GENERAL MATTERS 05/24 Law/Legal Services 6,084.74 CAMPBELL KNUTSON 06/24/2024 123718 2717-0004G 101-42110-307 POLICE MATTERS 05/24 Police Department 595.00 CAMPBELL KNUTSON 06/24/2024 123718 2717-0201G 101-41600-307 MISC RECORDINGS 5/24 Law/Legal Services 811.25 CAMPBELL KNUTSON 06/24/2024 123718 2717-0740G 703-49960-379 LITIGATION - MERA CLAIM 2,522.39 CAMPBELL KNUTSON 06/24/2024 123718 2717-0800G 101-42400-307 B&Z ASSISTANCE 05/24 Building & Zoning 357.00 CAMPBELL KNUTSON 06/24/2024 123718 2717-0802G 101-42400-307 B&Z ASSISTANCE 05/24 Building & Zoning 153.00 CAMPBELL KNUTSON 06/24/2024 123718 2717-0844G 703-49960-379 LMCD/DRAGONFLY HILL 136.00 CAMPBELL KNUTSON 06/24/2024 123718 2717-0896G 101-43280-307 LA23-000062 3838 CHERRY AVE Special Services 82.50 CAMPBELL KNUTSON 06/24/2024 123718 2717-0908G 101-43280-307 ORTLIP LEGAL FEE - 4865 WEST BRANCH Special Services 1,292.50 CAMPBELL KNUTSON 06/24/2024 123718 2717-0909G 101-43280-307 RPS22-000095 975 LONG BRIDGE LANE Special Services 93.60 CAMPBELL KNUTSON 06/24/2024 123718 2717-0910G 101-43280-307 LA24-000004 2245 WATERTOWN RD Special Services 710.79 CAMPBELL KNUTSON 06/24/2024 123718 2717-0912G 101-43280-307 LA24-000006 1359 PARK DRIVE Special Services 82.50 CAMPBELL KNUTSON 06/24/2024 123718 2717-0913G 101-43280-307 LA24-000015 200 BIG ISLAND Special Services 82.50 CAMPBELL KNUTSON 06/24/2024 123718 2717-0914G 101-43280-307 LA24-000016 3339 CRYSTAL BAY ROAD Special Services 137.50 CAMPBELL KNUTSON 06/24/2024 123718 2717-0915G 101-43280-307 LA24-000027 3295 FOX STREET Special Services 302.50 CAMPBELL KNUTSON 06/24/2024 123718 2717-0916G 101-43280-307 LA24-000017 1090 WILDHURST TRAIL Special Services 82.50 CAMPBELL KNUTSON 06/24/2024 123718 2717-0917G 101-43280-307 LA24-000022 1355 VINE PLACE Special Services 55.00 CAMPBELL KNUTSON 06/24/2024 123718 2717-0918G 101-43280-307 LA24-000024 2890 GOLDENROD WAY Special Services 55.00 CAMPBELL KNUTSON 06/24/2024 123718 2717-0919G 101-43280-307 LA24-000030 3465 6TH AVENUE NORTH Special Services 82.50 Total 123718:13,718.77 Capital One Trade Credit 06/24/2024 123719 3282159247 601-49400-489 METER STORAGE CABINET 331.39 Total 123719:331.39 Century Link 06/24/2024 123720 06.2024 WAT 601-49400-321 WTP PHONE/INTERNET 05/04/24-06/03/2024 141.76 Total 123720:141.76 CITY OF BLOOMINGTON 06/24/2024 123721 23666 601-49400-489 LAB FEES 42.00 Total 123721:42.00 CITY OF LONG LAKE 06/24/2024 123722 05.2024 UTIL 601-49400-387 MAY 2024 WATER 2,445.73 CITY OF LONG LAKE 06/24/2024 123722 05.2024 UTIL 602-49450-387 MAY 2024 SEWER Sewer 3,391.74 14 City of Orono Check Register - COUNCIL REPORT Page: 5 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123722:5,837.47 CIVICPLUS 06/24/2024 123723 306825 614-49840-329 ELECTRONIC UPDATE, IMAGES, GRAPHS, TABU Cable Franchise 4,750.00 Total 123723:4,750.00 CORE & MAIN LP 06/24/2024 123724 U979518 601-49400-227 CURB STOPS FOR STOCK 696.83 Total 123724:696.83 COURTNEY PAULSEN 06/24/2024 123725 LA24-000017 101-22205 ESCROW REFUND - LA24-000017 - 1090 WILDHU 700.00 Total 123725:700.00 DAHLHEIMER BEVERAGE MON 06/24/2024 123726 2203096 613-49830-091 ALCOHOL Golf Course 520.50 DAHLHEIMER BEVERAGE MON 06/24/2024 123726 2209135 613-49830-091 ALCOHOL Golf Course 847.45 Total 123726:1,367.95 DMJ ASPHALT INC.06/24/2024 123727 17137 101-43000-408 ASPHALT REPAIR WORK 2000 WEBBER HILLS Public Works Department 2,126.00 Total 123727:2,126.00 DUNAWAY CONSTRUCTION 06/24/2024 123728 SE20-00001 101-22205 ESCROW REFUND - SE20-000014 - 4780 NORTH 1,000.00 Total 123728:1,000.00 EARL F ANDERSON & ASSOC 06/24/2024 123729 0136350-IN 440-48970-530 BOLLARD COVERS NEW OPW INTERIOR BOLLA 1,064.30 EARL F ANDERSON & ASSOC 06/24/2024 123729 0136446-IN 603-49500-221 ORGANICS DROP-OFF SIGN - NAVARRE MUNICI 109.95 Total 123729:1,174.25 ECM PUBLISHERS INC 06/24/2024 123730 1001708 101-42400-340 PH FOR B&Z Building & Zoning 164.71 ECM PUBLISHERS INC 06/24/2024 123730 1001812 101-43000-340 SEASONAL MAINTENANCE WORKER ADVERTIS Public Works Department 161.50 ECM PUBLISHERS INC 06/24/2024 123730 1001813 101-41900-340 IT TECHNICIAN JOB POSTING Central Services 129.20 Total 123730:455.41 EMERGENCY TECHNICAL DEC 06/24/2024 123731 1373 101-42260-310 GEAR CLEANING AND REPAIR Fire Protection Services 130.00 15 City of Orono Check Register - COUNCIL REPORT Page: 6 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123731:130.00 ENDE SEPTIC SERVICE 06/24/2024 123732 SE20-00001 101-22205 ESCROW REFUND - SE20-000012 - 2850 WEAR 1,000.00 Total 123732:1,000.00 FACTORY MOTOR PARTS 06/24/2024 123733 1-9771913 701-49800-222 428 PARTS 46.38 Total 123733:46.38 FACTORY MOTOR PARTS 06/24/2024 123734 128-194701 701-49800-222 SQUAD CAR PARTS 20.72 FACTORY MOTOR PARTS 06/24/2024 123734 1-9768836 701-49800-222 428 PARTS 695.10 FACTORY MOTOR PARTS 06/24/2024 123734 1-9783030 701-49800-222 SQUAD CAR PARTS 389.17 FACTORY MOTOR PARTS 06/24/2024 123734 229-011872 701-49800-222 SQUAD CAR PARTS 20.72 FACTORY MOTOR PARTS 06/24/2024 123734 70-561520 701-49800-222 SQUAD CAR PARTS 133.05 FACTORY MOTOR PARTS 06/24/2024 123734 70-561570 701-49800-222 SQUAD CAR BATTERY 159.86 FACTORY MOTOR PARTS 06/24/2024 123734 70-561699 701-49800-222 SQUAD CAR PARTS 217.05 Total 123734:1,635.67 FALCON MECHANICAL INC.06/24/2024 123735 3666 440-48970-530 AIR COMPRESSOR HOSE REEL PIPING 1,928.41 Total 123735:1,928.41 FAUL PSYCHOLOGICAL 06/24/2024 123736 2009 101-42260-305 PSYCH TESTING FOR ERVEN Fire Protection Services 665.00 Total 123736:665.00 FERGUSON WATERWORKS #25 06/24/2024 123737 0531410 601-49400-227 5/8 & 3/4 METER GASKETS 50.99 Total 123737:50.99 FIRE SAFETY USA, INC 06/24/2024 123738 187610 415-42260-580 MOUNTS FOR ADAPTERS ON E1 205.00 Total 123738:205.00 GAIL BLACKSTONE 06/24/2024 123739 4465 FORES 999-10015 UB REFUND - 4465 FOREST LAKE LANDING - BL 148.22 16 City of Orono Check Register - COUNCIL REPORT Page: 7 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123739:148.22 GENE SIMON 06/24/2024 123740 RAS23-0000 101-34410 BP REFUND - RAS23-000085 - 520 SANDHILL DR 105.69 Total 123740:105.69 GENUINE PARTS COMPANY/NA 06/24/2024 123741 598668 701-49800-222 SQUAD CAR BRAKES 112.00 GENUINE PARTS COMPANY/NA 06/24/2024 123741 600098 701-49800-222 OIL FILTERS 106.56 GENUINE PARTS COMPANY/NA 06/24/2024 123741 600161 701-49800-222 E-1 HUB SEALS 116.80 GENUINE PARTS COMPANY/NA 06/24/2024 123741 600241 701-49800-215 GREASE GUN COUPLER 15.66 GENUINE PARTS COMPANY/NA 06/24/2024 123741 600294 701-49800-213 HUB OIL 38.07 GENUINE PARTS COMPANY/NA 06/24/2024 123741 600390 701-49800-222 428 FUEL FILTERS 249.98 GENUINE PARTS COMPANY/NA 06/24/2024 123741 600520 701-49800-222 E-1 FIRE BATTERY 216.99 GENUINE PARTS COMPANY/NA 06/24/2024 123741 600585 701-49800-221 BATTERY DISCONNECT 13.29 Total 123741:869.35 GERTEN GREENHOUSES INC. - 06/24/2024 123742 7010/15 701-49800-212 PROPANE 51.98 Total 123742:51.98 GOPHER ACE 06/24/2024 123743 020640/1 101-43000-224 NUTS AND BOLTS Public Works Department 12.76 GOPHER ACE 06/24/2024 123743 020654/1 701-49800-215 WIRE WHEEL FOR DRILL 9.99 GOPHER ACE 06/24/2024 123743 020661/1 101-43000-221 SUPPLIES FOR BRINE MAKER Public Works Department 42.36 GOPHER ACE 06/24/2024 123743 020685/1 701-49800-215 PIPE THREAD TAP AND DIE 23.99 GOPHER ACE 06/24/2024 123743 020691/1 101-43000-221 PARTS FOR BRINE MAKER INST Public Works Department 14.99 GOPHER ACE 06/24/2024 123743 020770/1 101-41900-223 MOUNTING HARDWARE FOR WELDING EQUIPM Central Services 40.16 GOPHER ACE 06/24/2024 123743 020771/1 101-41900-404 KEYS FOR NEW PW Central Services 3.99 GOPHER ACE 06/24/2024 123743 020772/1 101-41900-404 ANT BAIT Central Services 8.59 GOPHER ACE 06/24/2024 123743 020773/1 101-43000-224 NUTS AND BOLTS Public Works Department 68.97 GOPHER ACE 06/24/2024 123743 020779/1 101-43000-221 HANG POSTERS AT NEW PW Public Works Department 27.98 GOPHER ACE 06/24/2024 123743 20637/1 101-45200-221 BACKPACK BLOWER Parks 649.99 GOPHER ACE 06/24/2024 123743 20699/1 701-49800-215 OIL 6.59 GOPHER ACE 06/24/2024 123743 20720/1 101-42110-201 OFFICE SUPPLIES Police Department 18.58 GOPHER ACE 06/24/2024 123743 20766/1 101-45200-404 WEED MATTING Parks 64.98 GOPHER ACE 06/24/2024 123743 20843/1 101-43000-221 FOR MAIL BOX @ NEW PW Public Works Department 7.59 GOPHER ACE 06/24/2024 123743 20850/1 701-49800-221 E-1 FIRE TRUCK POWER STRIP 45.98 17 City of Orono Check Register - COUNCIL REPORT Page: 8 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123743:1,047.49 GOPHER STATE ONE CALL 06/24/2024 123744 4050659 602-49450-227 LOCATES - SEWER Sewer 261.22 GOPHER STATE ONE CALL 06/24/2024 123744 4050659 601-49400-382 LOCATES - WATER 261.23 Total 123744:522.45 HAWKINS INC 06/24/2024 123745 6777287 601-49400-216 CHLORINE TANKS 2,631.07 HAWKINS INC 06/24/2024 123745 6783758 601-49400-216 CHLORINE TANKS 70.00 Total 123745:2,701.07 HAYES & SONS EXC INC 06/24/2024 123746 SE22-00000 101-22205 ESCROW REFUND - SE22-000009 - 555 FERNDA 1,000.00 HAYES & SONS EXC INC 06/24/2024 123746 SE22-00002 101-22205 ESCROW REFUND - SE22-000029 - 325 HOLLAN 1,000.00 Total 123746:2,000.00 HENDEL HOMES 06/24/2024 123747 SE22-00002 101-22205 ESCROW REFUND - SE22-000027 - 1735 FOX ST 1,000.00 Total 123747:1,000.00 HENNEPIN CO. ACCTS RECEIV 06/24/2024 123748 1000227977 101-42110-414 RADIO/MDC LEASES Police Department 2,864.18 HENNEPIN CO. ACCTS RECEIV 06/24/2024 123748 1000227998 101-43000-415 PW RADIOS Public Works Department 305.58 HENNEPIN CO. ACCTS RECEIV 06/24/2024 123748 1000228047 101-42260-414 HENNEPIN RADIO FEES Fire Protection Services 819.48 Total 123748:3,989.24 HENNEPIN COUNTY ACCOUNT 06/24/2024 123749 1000228189 101-41600-309 JAIL INVOICE TO CITIES Law/Legal Services 323.60 Total 123749:323.60 HENNEPIN COUNTY TREASUR 06/24/2024 123750 1000227266 101-42110-319 SOCIAL WORKER 1/1/24-12/31/24 Police Department 11,817.00 Total 123750:11,817.00 JAMES & JUDITH WILLIAMS 06/24/2024 123751 345 FERNDA 999-10015 UB REFUND - 345 FERNDALE RD N - WILLIAMS 119.03 Total 123751:119.03 18 City of Orono Check Register - COUNCIL REPORT Page: 9 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount JOHNSON, ALICIA 06/24/2024 123752 06.2024 REI 101-41900-489 COFFEE FOR PW OPEN HOUSE Central Services 11.99 JOHNSON, ALICIA 06/24/2024 123752 06.2024 REI 101-41900-489 LEMONADE FOR PW OPEN HOUSE Central Services 7.54 JOHNSON, ALICIA 06/24/2024 123752 06.2024 REI 101-41500-437 TRAINING - MILEAGE REIMBURSEMENT Finance Department 30.82 Total 123752:50.35 KLINGBERG EXCAVATING 06/24/2024 123753 SE21-00000 101-22205 ESCROW REFUND - SE21-000008 - 2150 6TH AV 1,000.00 Total 123753:1,000.00 KNOX ASSOCIATES INC 06/24/2024 123754 INV-KA-3009 415-42260-580 KNOX BOX FOR EACH FIRE TRUCK 7,065.00 Total 123754:7,065.00 KODIAK POWER SOLUTIONS 06/24/2024 123755 15292772 602-49450-489 TRIP CHARGE FOR ESTIMATE FROM TREE FALL Sewer 543.75 Total 123755:543.75 LAKESIDE EMBROIDERY, LLC.06/24/2024 123756 3164 613-49830-095 MERCHANDISE Golf Course 308.00 Total 123756:308.00 LAPOINTE UTILITIES INC 06/24/2024 123757 ROW24-000 101-22205 ESCROW REFUND - ROW24-000014 - 85 FERND 1,500.00 LAPOINTE UTILITIES INC 06/24/2024 123757 ROW24-000 101-22205 ESCROW REFUND - ROW24-000028 - 1380 ORO 1,500.00 LAPOINTE UTILITIES INC 06/24/2024 123757 ROW24-000 101-22205 ESCROW REFUND - ROW24-000029 - 205 NORT 1,500.00 Total 123757:4,500.00 LEO WEB PROTECT INC.06/24/2024 123758 8048528831 101-42110-416 MONTHLY SUBSCRIPTION 5/24 Police Department 143.06 Total 123758:143.06 LIGHTHOUSE APPAREL 06/24/2024 123759 87689 613-49830-095 MERCHANDISE- CLOTHING Golf Course 997.46 Total 123759:997.46 MACQUEEN EQUIPMENT LLC 06/24/2024 123760 P30789 415-42260-580 FIRE HOSE FOR RESCUE PUMPER 1,407.20 MACQUEEN EQUIPMENT LLC 06/24/2024 123760 P30951 415-42260-580 BOOTS FOR NEW FIREFIGHTERS 602.61 MACQUEEN EQUIPMENT LLC 06/24/2024 123760 P31140 415-42260-580 ADAPTERS FOR APPARATUS 2,232.52 MACQUEEN EQUIPMENT LLC 06/24/2024 123760 P31172 415-42260-580 BOOTS FOR NEW FIREFIGHTERS 601.70 19 City of Orono Check Register - COUNCIL REPORT Page: 10 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount MACQUEEN EQUIPMENT LLC 06/24/2024 123760 P31202 101-42260-226 FRONTS FOR HELMETS Fire Protection Services 193.00 Total 123760:5,037.03 MARTIN MARIETTA MATERIALS 06/24/2024 123761 42609486 101-43000-224 PATCHING Public Works Department 149.38 Total 123761:149.38 MATT BOATMAN 06/24/2024 123762 CBG24-0000 101-34410 BP REFUND - CBG24-000003-2060 6TH AVE N 490.96 Total 123762:490.96 MELISSA MAIN 06/24/2024 123763 1422 PARK 999-10015 UB REFUND - 1422 PARK DR - MAIN 95.48 Total 123763:95.48 MINNEAPOLIS OXYGEN COMPA 06/24/2024 123764 00127097 701-49800-215 ACETYLENE, OXYGEN 76.30 Total 123764:76.30 MINNESOTA INBOARD WATERS 06/24/2024 123765 SEP24-0000 101-32180 SPECIAL EVENT PERMIT REFUND - SEP24-0000 100.00 Total 123765:100.00 Minnesota Pollution Control Agen 06/24/2024 123766 WASTEWAT 602-49450-441 MPCA LICENSE Sewer 45.00 Total 123766:45.00 MN DEPT OF HEALTH 06/24/2024 123767 2024 WATER 601-49400-433 WATER LICENCE RENEWAL - SCOTT 23.00 Total 123767:23.00 MNSPECT LLC 06/24/2024 123768 448705 101-42400-310 STATE PLAN REVIEW Building & Zoning 28.75 Total 123768:28.75 MOTOROLA 06/24/2024 123769 1411090695 101-42110-575 MOTOROLA SOLUTIONS / VIDEO MANAGER Police Department 7,995.00 MOTOROLA 06/24/2024 123769 8281912964 415-42260-580 MOBILE FOR T1 5,729.76 20 City of Orono Check Register - COUNCIL REPORT Page: 11 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123769:13,724.76 MTI DISTRIBUTING INC 06/24/2024 123770 1434226-00 613-49830-404 MOWER REPAIR Golf Course 25.19 MTI DISTRIBUTING INC 06/24/2024 123770 1434259-00 613-49830-221 MOWER BLADES Golf Course 138.60 MTI DISTRIBUTING INC 06/24/2024 123770 1434322-00 101-45200-223 STABLES FOR FENCE AND ERROSION BLANKE Parks 24.00 Total 123770:187.79 Oertel Architects, Ltd 06/24/2024 123771 21-12.21 440-48970-319 21-039 PUBLIC WORKS BUILDING 3,230.25 Oertel Architects, Ltd 06/24/2024 123771 23-26.5 440-48975-319 24-034 NAVARRE FIRE GARAGE 17,895.34 Total 123771:21,125.59 OPD BUSINESS SOLUTIONS LL 06/24/2024 123772 3691236510 101-42110-201 OFFICE SUPPLIES Police Department 15.59 OPD BUSINESS SOLUTIONS LL 06/24/2024 123772 3691247390 101-42110-201 OFFICE SUPPLIES Police Department 14.98 OPD BUSINESS SOLUTIONS LL 06/24/2024 123772 3691247400 101-42110-201 OFFICE SUPPLIES Police Department 32.78 Total 123772:63.35 PATRICK SUTTER 06/24/2024 123773 LA24-000015 101-22205 ESCROW REFUND-LA24-000015 - 200 BIG ISLAN 700.00 Total 123773:700.00 PLUNKETT'S 06/24/2024 123774 8597660 101-41900-404 PEST CONTOL Central Services 261.26 Total 123774:261.26 QUALITY FLOW SYSTEMS INC 06/24/2024 123775 47009 602-49450-406 LS REPAIRS Sewer 3,850.00 Total 123775:3,850.00 QUALITY STAINLESS INC 06/24/2024 123776 INV451616 701-49800-221 TRUCK BRINE TANKS 52.71 QUALITY STAINLESS INC 06/24/2024 123776 INV453250 701-49800-221 TRUCK BRINE TANKS 166.61 Total 123776:219.32 SCHULTZ, SUSAN 06/24/2024 123777 06.2024 REI 101-42110-226 UNIFORMS ALLOWANCE SCHULTZ Police Department 104.39 21 City of Orono Check Register - COUNCIL REPORT Page: 12 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123777:104.39 SECURITY & SOUND CO 06/24/2024 123778 28318 710-49970-311 DOOR SOFTWARE 300.00 Total 123778:300.00 SHAUGHNESSY LAWN CARE 06/24/2024 123779 06.2024 101-45200-404 PARK MOWING - 05/15/2024-06/15/2024 Parks 4,285.71 Total 123779:4,285.71 SiteOne Landscape Supply LLC 06/24/2024 123780 142479819-0 613-49830-216 CHEMICALS Golf Course 97.25 SiteOne Landscape Supply LLC 06/24/2024 123780 142886133-0 101-45200-223 HYDRO MULCH BAILS Parks 616.14 Total 123780:713.39 SJ FISHER CONSTRUCTION 06/24/2024 123781 RAS24-0000 101-34410 PERMIT REFUND- RAS24-000027 - 3339 CRYSTA 803.35 Total 123781:803.35 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-600587 701-49800-240 MECHANIC TOOLS 69.47 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-604315 701-49800-240 MECHANICS TOOLS 1,043.80 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-604564 701-49800-240 MECHANIC TOOLS 106.26 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-605680 701-49800-240 MECHANIC TOOLS 113.37 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-606243 701-49800-240 MECHANIC TOOLS 143.72 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-606380 701-49800-240 MECHANIC TOOLS 32.83 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-606390 701-49800-240 MECHANIC TOOLS 314.87 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-606486 701-49800-240 MECHANIC TOOLS 34.66 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-607429 701-49800-240 MECHANIC TOOLS 420.49 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-608045 701-49800-240 MECHANIC TOOLS 289.12 SNAP-ON INDUSTRIAL 06/24/2024 123782 ARV-610946 701-49800-240 MECHANIC TOOLS 405.96 Total 123782:2,974.55 STREICHER'S 06/24/2024 123783 I1696172 101-42110-226 UNIFORMS/FOURNIER Police Department 139.98 STREICHER'S 06/24/2024 123783 I1696619 101-42110-226 UNIFORMS/MCCOY Police Department 36.99 STREICHER'S 06/24/2024 123783 I1696852 101-42110-226 UNIFORMS/FOURNIER Police Department 49.99 STREICHER'S 06/24/2024 123783 I1697250 101-42110-226 UNIFORMS/RUSSETH Police Department 70.99 STREICHER'S 06/24/2024 123783 I1697806 101-42110-226 UNIFORMS/SCHAUER Police Department 54.99 STREICHER'S 06/24/2024 123783 I1697959 101-42110-226 UNIFORMS/RUSSETH Police Department 39.00 22 City of Orono Check Register - COUNCIL REPORT Page: 13 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount STREICHER'S 06/24/2024 123783 I1698077 101-42110-226 UNIFORMS/RUSSETH Police Department 674.94 STREICHER'S 06/24/2024 123783 I1698870 101-42110-226 UNIFORMS/RUSSETH Police Department 264.99 STREICHER'S 06/24/2024 123783 I1698988 101-42110-226 UNIFORMS/SCHWARZ Police Department 137.97 STREICHER'S 06/24/2024 123783 I1699549 101-42110-226 UNIFORMS/HENNESSY Police Department 108.99 STREICHER'S 06/24/2024 123783 I1699587 101-42110-226 UNIFORMS/KLUKAS Police Department 74.99 STREICHER'S 06/24/2024 123783 I1700458 101-42110-226 UNIFORMS/SONNEK Police Department 1,722.00 STREICHER'S 06/24/2024 123783 I1700693 101-42110-226 UNIFORMS/RUSSETH Police Department 1,578.90 STREICHER'S 06/24/2024 123783 I1700857 101-42110-226 UNIFORMS/FOURNIER Police Department 49.99 STREICHER'S 06/24/2024 123783 I1700984 101-42110-226 UNIFORMS/VARGAS Police Department 49.99 STREICHER'S 06/24/2024 123783 I1701500 101-42110-226 UNIFORMS/MCCOY Police Department 361.00 STREICHER'S 06/24/2024 123783 I1701805 101-42110-226 UNIFORMS/SCHAUER Police Department 199.00 STREICHER'S 06/24/2024 123783 I1701873 101-42110-226 UNIFORMS/RUSSETH Police Department 302.99 Total 123783:5,917.69 STRYKER SALES LLC 06/24/2024 123784 9206361393 101-42260-219 SPARE BATTERY FOR LUCAS DEVICE Fire Protection Services 817.70 Total 123784:817.70 SUN AUTO TIRE & SERVICE 06/24/2024 123785 520800870 701-49800-402 STAFF VEHICLE ALIGNMENT 129.59 Total 123785:129.59 Temple Israel/Camp TEKO 06/24/2024 123786 CAS22-0000 101-22205 ESCROW REFUND - CAS22-000003 - 645 TONKA 1,000.00 Temple Israel/Camp TEKO 06/24/2024 123786 CPS22-0000 101-22205 ESCROW REFUND - CPS22-000002 - 645 TONKA 1,000.00 Total 123786:2,000.00 TERMINAL SUPPLY INC.06/24/2024 123787 42351-00 701-49800-215 SHOP SUPPLIES 565.30 TERMINAL SUPPLY INC.06/24/2024 123787 42783-00 701-49800-215 BOLTS 872.17 Total 123787:1,437.47 THOMSON REUTERS - WEST 06/24/2024 123788 850240878 101-42110-311 DATA PROCESSING/THOMSON REUTERS Police Department 302.99 Total 123788:302.99 TimeSaver Off Site Secretarial Inc 06/24/2024 123789 M29220 101-41300-319 CC MINUTES 5/13, 5/28 Administration 531.50 TimeSaver Off Site Secretarial Inc 06/24/2024 123789 M29220 101-42400-319 PLANNING COMMISSION MINUTES 5/20 Building & Zoning 167.00 TimeSaver Off Site Secretarial Inc 06/24/2024 123789 M29259 101-41300-319 CC MINUTES 6/10 Administration 167.00 23 City of Orono Check Register - COUNCIL REPORT Page: 14 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount Total 123789:865.50 ULINE 06/24/2024 123790 178898281 601-49400-227 STORAGE CONTAINER PALLETS WATER SUPPL 867.52 ULINE 06/24/2024 123790 179054046 101-43000-221 FLAMMABLE STORAGE CABINETS FOR FUEL A Public Works Department 4,665.64 ULINE 06/24/2024 123790 179521904 101-43000-224 CREDIT ON DAMAGED CABINET Public Works Department 103.80- Total 123790:5,429.36 UNIFIRST CORPORATION 06/24/2024 123791 1410065158 613-49830-404 LAUNDRY Golf Course 124.77 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 701-49800-221 SHOP TOWELS - PW 3.35 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 101-43000-404 RUGS - PW Public Works Department 26.13 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 101-41900-223 MOPS/CLEANING TOWELS Central Services 27.18 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 602-49450-226 UNIFORMS PW-SEWER DEPT Sewer 28.20 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 601-49400-226 UNIFORMS PW-WATER DEPT 28.20 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 701-49800-226 UNIFORMS - FLEET 37.63 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 651-49910-226 UNIFORMS - STORMWATER Storm Water 50.66 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 101-43000-226 UNIFORMS-STREETS Public Works Department 50.67 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 101-41900-226 UNIFORMS-FACILITY Central Services 12.14 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 613-49830-226 UNIFORMS-GOLF COURSE Golf Course 5.84 UNIFIRST CORPORATION 06/24/2024 123791 1410065162 101-45200-226 UNIFORMS-PARKS Parks 5.84 UNIFIRST CORPORATION 06/24/2024 123791 1410066824 613-49830-404 LAUNDRY Golf Course 42.50 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 602-49450-226 UNIFORMS PW-SEWER DEPT Sewer 27.87 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 601-49400-226 UNIFORMS PW-WATER DEPT 27.85 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 701-49800-221 SHOP TOWELS - PW 3.35 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 101-43000-404 RUGS - PW Public Works Department 26.13 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 101-41900-223 MOPS/CLEANING TOWELS Central Services 27.18 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 701-49800-226 UNIFORMS - FLEET 36.41 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 651-49910-226 UNIFORMS - STORMWATER Storm Water 50.28 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 101-43000-226 UNIFORMS-STREETS Public Works Department 50.24 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 101-41900-226 UNIFORMS-FACILITY Central Services 11.40 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 613-49830-226 UNIFORMS-GOLF COURSE Golf Course 7.90 UNIFIRST CORPORATION 06/24/2024 123791 1410066828 101-45200-226 UNIFORMS-PARKS Parks 5.66 Total 123791:717.38 US Bank Equipment Finance 06/24/2024 123792 531510006 710-49970-413 COPIERS - 06/24 1,469.20 Total 123792:1,469.20 24 City of Orono Check Register - COUNCIL REPORT Page: 15 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount VALLEY RICH CO 06/24/2024 123793 33349 601-49400-405 REPAIR HYDRANT GATE VALVE 6,328.50 Total 123793:6,328.50 WM CORPORATE SERVICES, IN 06/24/2024 123794 0114462-280 603-49500-444 ORGANICS MAY 2024 90.28 WM CORPORATE SERVICES, IN 06/24/2024 123794 0114462-280 603-49500-316 RECYCLING JUN 2024 19,439.25 WM CORPORATE SERVICES, IN 06/24/2024 123794 7935399-159 603-49500-442 DUMPSTER FOR ROADSIDE DEBRIS 463.98 WM CORPORATE SERVICES, IN 06/24/2024 123794 7935400-159 603-49500-442 SPRING CLEAN UP 2024 6,694.78 Total 123794:26,688.29 Wright-Hennepin Coop Electric 06/24/2024 123795 3503138822 101-43100-381 BRUSH SITE 05/01-06/01 Brush Site 32.15 Wright-Hennepin Coop Electric 06/24/2024 123795 3503138822 613-49830-381 GC SECURITY TO 07/31/2024 Golf Course 42.21 Wright-Hennepin Coop Electric 06/24/2024 123795 3503138822 101-43000-381 ELECTRICAL SERVICE 05/01/24-06/01/24 Public Works Department 214.11 Total 123795:288.47 XCEL ENERGY 06/24/2024 123796 880859498 613-49830-381 ELECTRIC SERVICE 5/24/24-6/23/24 Golf Course 4.74 XCEL ENERGY 06/24/2024 123796 880859498 101-42110-381 ELECTRIC SERVICE 5/24/24-6/23/24 Police Department 2.77 XCEL ENERGY 06/24/2024 123796 880859498 101-43000-381 ELECTRIC SERVICE 5/24/24-6/23/24 Public Works Department 16.21 XCEL ENERGY 06/24/2024 123796 880859498 101-43000-386 ELECTRIC SERVICE 5/24/24-6/23/24 Public Works Department 494.01 Total 123796:517.73 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1677-7LYM-Y 701-49800-240 MECHANICS TOOL CARTS 265.58- AMAZON CAPITAL SERVICE 06/24/2024 20130488 17YX-WTDR-101-43000-221 24X18 DRY ERASE BOARD Public Works Department 23.71 AMAZON CAPITAL SERVICE 06/24/2024 20130488 17YX-WTDR-101-43000-221 CORK BOARD NEW SHOP Public Works Department 39.89 AMAZON CAPITAL SERVICE 06/24/2024 20130488 17YX-WTDR-101-41900-489 ARROW STICKERS FOR OPEN HOUSE Central Services 19.49 AMAZON CAPITAL SERVICE 06/24/2024 20130488 17YX-WTDR-101-43000-221 COMMAND STRIPS FOR NEW BUILDING Public Works Department 13.59 AMAZON CAPITAL SERVICE 06/24/2024 20130488 17YX-WTDR-101-43000-226 GLOVES FOR TRACE 2PAIR Public Works Department 27.56 AMAZON CAPITAL SERVICE 06/24/2024 20130488 17YX-WTDR-101-43000-221 CORK BOARD NEW SHOP Public Works Department 39.89 AMAZON CAPITAL SERVICE 06/24/2024 20130488 17YX-WTDR-101-43000-224 C BATTERIES Public Works Department 19.49 AMAZON CAPITAL SERVICE 06/24/2024 20130488 17YX-WTDR-101-43000-224 10PACK HOSE SPRAY Public Works Department 48.95 AMAZON CAPITAL SERVICE 06/24/2024 20130488 17YX-WTDR-101-43000-221 6 PACK DOOR STOP FOR NEW PW Public Works Department 29.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1DW4-KQMC 101-41900-201 SHEET PROTECTORS Central Services 21.18 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1DW4-KQMC 101-41900-201 PRINTABLE POSTCARDS Central Services 71.48 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1KQY-FVXQ-101-42260-223 WASH BRUSHES FOR TRUCKS Fire Protection Services 152.30 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1PPD-31LL-1 701-49800-215 SHOP SUPPLIES 192.75 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1PPD-31LL-1 701-49800-222 VEHICLE PARTS 124.77 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1PPD-31LL-1 701-49800-240 MECHANICS TOOL CART 228.06 25 City of Orono Check Register - COUNCIL REPORT Page: 16 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount AMAZON CAPITAL SERVICE 06/24/2024 20130488 1PPD-31LL-1 701-49800-215 SHOP SUPPLIES 18.69 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-415-42260-580 SAFETY GLASSES PPE 35.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-240 DOLLY Fire Protection Services 89.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-201 TRASH CONTAINER FOR SHOP AREA Fire Protection Services 62.97 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-201 CABLE TIES Fire Protection Services 8.86 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-215 PLASTIC FIELD BOX FOR STORAGE Fire Protection Services 69.45 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-440-48960-530 4" BASE MOLDING 57.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-215 SAFETY CONES Fire Protection Services 107.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-440-48960-530 6" BASE MOLDING 97.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-201 TRASH BIN FOR SHOP AREA Fire Protection Services 98.49 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-226 GARMENT BAGS FOR UNIFORMS Fire Protection Services 61.98 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-226 HANGERS FOR UNIFORMS Fire Protection Services 44.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-440-48960-530 MURPHY BED 1,294.52 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-440-48960-530 ENTRANCE FLOOR MAT 128.00 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-440-48960-530 ENTRANCE FLOOR MAT 151.00 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-219 LARGE MEDICAL GLOVES Fire Protection Services 59.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-219 X-LARGE MEDICAL GLOVES Fire Protection Services 59.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-219 SMALL MEDICAL GLOVES Fire Protection Services 59.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-226 PILLOWS Fire Protection Services 27.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-226 MATTRESS PROTECTOR Fire Protection Services 29.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-226 QUEEN SHEET SET Fire Protection Services 39.98 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-219 MED MEDICAL GLOVES Fire Protection Services 59.99 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VP1-7L3N-101-42260-219 VICKS OINTMENT Fire Protection Services 28.74 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1VPJ-HQ3P-710-49970-221 CITY SERVER BATTERY BACKUP 152.38 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1X7M-WLQH 101-41900-404 CREDIT Central Services 68.50- AMAZON CAPITAL SERVICE 06/24/2024 20130488 1XWT-LYLQ-101-41900-404 CLEANING SUPPLIE Central Services 131.30 AMAZON CAPITAL SERVICE 06/24/2024 20130488 1XWT-LYLQ-101-41900-404 CREDIT Central Services 17.09- Total 20130488:3,681.17 FSSolutions 06/24/2024 20130489 FL00634541 101-43000-319 DRUG TESTING 2ND QTR 2024 Public Works Department 176.30 Total 20130489:176.30 INNOVO BENEFITS ADMINISTR 06/24/2024 20130490 1405165 101-21706 HEALTH INSURANCE - 07.2024 62,615.04 INNOVO BENEFITS ADMINISTR 06/24/2024 20130490 1405165 101-42110-135 HEALTH INSURANCE - 07.2024-DM Police Department 768.54 INNOVO BENEFITS ADMINISTR 06/24/2024 20130490 1405165 601-49400-135 HEALTH INSURANCE - 07.2024-BR 768.54 Total 20130490:64,152.12 26 City of Orono Check Register - COUNCIL REPORT Page: 17 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount JANI-KING OF MINNESOTA, INC 06/24/2024 20130491 MIN0624024 101-41900-404 FIRESTATION CLEANING Central Services 5,000.00 Total 20130491:5,000.00 LOGIS-WIRE 06/24/2024 20130492 13011 101-42110-310 POLICE RECORDS Police Department 18,219.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-311 POLICE MOBILE 2,390.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-311 HOSTED WATCHGUARD 3,118.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-311 HOSTED SERVERS MAIL01 625.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-311 HOSTED OR APPS2 1,979.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-401 HOSTED WIRELESS 350.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-329 INTERNET 1,891.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-311 HOSTED SERVER RELAY 353.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-401 FIBER SERVICES 585.00 LOGIS-WIRE 06/24/2024 20130492 13011 101-41900-221 HOSTED BACKUPS Central Services 3,338.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-311 HOSTED COMPLIANCE ARCHIVE 1,690.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-311 HOSTED SERVERS 2,361.00 LOGIS-WIRE 06/24/2024 20130492 13011 710-49970-575 POLICE CAD 4,724.00 LOGIS-WIRE 06/24/2024 20130492 16008 710-49970-311 HOSTED SERVERS 5,382.00 LOGIS-WIRE 06/24/2024 20130492 18008 710-49970-311 VPN DEVICE SERVICE 5,193.00 LOGIS-WIRE 06/24/2024 20130492 22014 710-49970-311 NETWORK SERVICES 4,966.25 Total 20130492:57,164.25 MEDSURETY LLC 06/24/2024 20130493 06.14.24 FSA 101-21719 FSA 06.14.24 1,666.64 MEDSURETY LLC 06/24/2024 20130493 06.18.24 FSA 101-21719 FSA 5.10.24-6.16.24 151.61 MEDSURETY LLC 06/24/2024 20130493 5.3.24-6.9.24 101-21719 MFSA 01.19.24-02.25.24 FUNDS 70.91 Total 20130493:1,889.16 METROPOLITAN COUNCIL- SAC 06/24/2024 20130494 05.2024 SAC 101-20809 SAC 05/2024 2,485.00 METROPOLITAN COUNCIL- SAC 06/24/2024 20130494 05.2024 SAC 101-39610 SAC 05/2024 DISCOUNT 24.85- Total 20130494:2,460.15 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 101-34650 POLICE REPORT SALES TAX 17.00 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 601-39610 WATER METER SALES 92.00 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 601-20806 WATER TAXABLE SALES 1,013.00 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 601-20806 WATER TAXABLE SALES BULK WATER 1.00 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 613-37910 GREEN FEES 2,567.00 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 613-37920 GOLF CART RENTAL 899.00 27 City of Orono Check Register - COUNCIL REPORT Page: 18 Check Issue Dates: 6/7/2024 - 6/24/2024 Jun 18, 2024 04:41PM Check Check Invoice Invoice GL Account Description Department Invoice Payee Issue Date Number Number Amount MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 613-37930 BEER - SALES TAX 143.00 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 613-37940 CONCESSIONS - SALES TAX 201.00 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 613-37960 GOLF BALL SALES 44.00 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 613-37970 PRO SHOP SALES - SALES TAX 20.00 MN DEPT OF REVENUE-WIRE 06/24/2024 20130495 05.2024 Sale 613-37980 CLOTHING (HAT) SALES TAX 16.00 Total 20130495:5,013.00 Grand Totals: 590,195.48 28 Date: June 24, 2024 Item: 5 Presenter: James Van Eyll, Fire Chief Section: Consent Agenda Title: Equipment Loan Agreement between the City of Lino Lakes and the City of Orono 1.Purpose: The purpose of this council action item is to have a back up plan in place for a fire tanker/tender truck if our newly purchased truck isn't available before July 1, 2024. 2.Background: The City of Orono does not supply municipal water to some areas of the City. The Orono Fire Department will need to supply their own water supply in those non-hydrant areas. The City of Orono approved the purchase of a new tanker for use by the fire department. The tanker, due to longer than normal leads times, might not be available for us to use on July 1, 2024. 3.Cost: The cost to rent a fire tanker/tender from the City of Lino Lakes is $2,000 per month along with any maintenance and the pumps test that is required. 4.Funding: The funding for this rental will be out of the operating fund of the fire department. 5.Staff Recommendation: I recommend to approve the equipment loan agreement. AGENDA ITEM COUNCIL ACTION REQUESTED Motion to approve the Equipment Loan Agreement between the City of Lino Lakes and the City of Orono for use by the Orono Fire Department. Exhibits Equipment Loan Agreement.DOCX 29 EQUIPMENT LOAN AGREEMENT BETWEEN THE CITY OF LINO LAKES AND THE CITY OF ORONO FOR USE BY THE ORONO FIRE DEPARTMENT This agreement (“Agreement”) is made and entered into by and between the City of Lino Lakes, Minnesota (the “Lender”) and the City of Orono, Minnesota (the “Borrower”). 1.Loaned Equipment. In exchange for good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the Lender agrees to loan the following equipment (the “Equipment”) to the Borrower: Vehicle Vin Description a.Tender 2 #610 1FDYS82A3NVA08424 1992 Ford/ Toyne Tender 2. Fees. The fee shall be $2,000 per month paid by the Borrower for the use of the Equipment. 3. Term. The Borrower shall be entitled to use the Equipment until December 31 st, 2024 or until the Lender recalls the Equipment or the Borrower returns the Equipment, whichever date is the earliest. The Lender may recall the Equipment at any time with a 30-day notice. The Lender and any officer, employee or agent of the Lender may not be held liable for recalling the Equipment. 4. Inspection, Maintenance, and Return of Equipment. The Borrower is responsible for scheduling and any fees associated with Emergency Apparatus Maintenance (“EAM”) performance of a vehicle inspection, pump certification prior to sending it to the Lender, and must return the Equipment in the same condition in which it was received, except normal wear and tear. Any Equipment using fuel or other fluids must be returned with the same level of fuel that the Equipment had when loaned to the Borrower. The Borrower is responsible for any repairs and deficiencies found during the EAM inspection and pump certification not identified on the previous report from EAM on the equipment. The Borrower is responsible for removing any and all graphics that were added to the equipment, if any, prior to returning the Equipment to the Lender. 5. Routine Maintenance. The Borrower is responsible for any routine maintenance required to operate the Equipment while in the Borrower’s possession. Routine maintenance would include fuel, lubricants, fluids, repair of a flat tire, and other items that are typically incidental to the use of the Equipment. 6. Trained Personnel. The Borrower agrees that only trained personnel shall be allowed to operate the Equipment. 7. Transportation. The Borrower shall be responsible for transporting the Equipment to and from the Borrower’s location. 30 2 8. Storage. Borrower shall store the Equipment in a safe place while in the Borrower’s possession. 9. Insurance. The Borrower agrees to maintain the appropriate automobile, property and liability coverages with the League of Minnesota Cities Insurance Trust under standard LMCIT liability coverage forms. The Borrower shall add the Lender as an “additional insured” to the Borrower’s liability coverage for purposes of this Agreement. The Borrower’s coverage shall be primary and non-contributory to any other coverage available to the Lender. [Note: Under the LMCIT coverage document, a covered party includes any person or organization from whom a city leases premises or equipment that is not an automobile and to whom the city is contractually obligated to have named as an additional covered party under an agreement.] 10. Workers’ Compensation. The Borrower shall be responsible for injuries to or death of its own personnel while using the Equipment. The Borrower will maintain workers’ compensation insurance covering its own personnel while they are using the Equipment. The Borrower waives the right to sue the Lender for any workers’ compensation benefits paid to its own personnel or their dependents, even if the injuries were caused wholly or partially by the negligence of the Lender or its officers, employees, volunteers or agents. 11. Damage to Equipment. The Borrower shall be responsible for any damage to or loss of the Equipment while the Equipment is in the Borrower’s possession. 12. Indemnification. To the fullest extent permitted by law, without waiver of any the Borrower’s immunities or limits on liability pursuant to Minnesota Statutes, Chapter 466 or any other applicable law, the Borrower agrees to defend, indemnify and hold the Lender harmless against any claims brought or actions filed against the Lender or any officer, employee or agent of the Lender for injury to, death of, or damage to the property of any third person or persons, arising from the Borrower’s negligent use of the Equipment or the Borrower’s failure to perform its obligations under this Agreement. 13. Entire Agreement. This Agreement supersedes any prior or contemporaneous representations or agreements, whether written or oral, between the Borrower and Lender and contains the entire agreement. 14. Amendments. Any modification or amendment to this Agreement shall require a written agreement signed by both the Borrower and the Lender. 15. Governing Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Minnesota. 16. Captions. Captions or headings contained in this Agreement are included for convenience only and form no part of the agreement between the Borrower and the Lender. 17. Waivers. The waiver by either the Borrower or the Lender of any breach or failure to comply with any provision of this Agreement by the other party shall not be construed as, 31 3 or constitute a continuing waiver of such provision or a waiver of any other breach of or failure to comply with any other provision of this Agreement. 18. Counterparts. This Agreement may be executed in counterparts, each of which shall be an original, all of which shall constitute but one and the same instrument. 19. Savings Clause. If any court finds any portion of this Agreement to be contrary to law or invalid, the remainder of the Agreement will remain in full force and effect. 20. Effective Date. This Agreement is effective on the date last executed by one of the Parties below. IN WITNESSA WHEREOF, the Borrower and Lender, by action of their respective governing bodies, caused this Agreement to be approved. CITY OF LINO LAKES,CITY OF ORONO, MINNESOTA MINNESOTA Dated: ______________________________Dated: ______________________________ BY:BY: Its Mayor Its Mayor AND:________________________________AND: Its Clerk Its Clerk 32 Date: June 24, 2024 Item: 6 Presenter: Maggie Jin, Finance Director Section: Consent Agenda Title: Hire IT Technician 1.Purpose: The purpose of this action is to hire and appoint the IT Technician position. 2.Background: At the May 13th Council meeting, the IT Technician position was amended and recruitment for the position was authorized. 3.Recruitment: Staff posted the position through June 2nd and received thirty applications. The interview process was conducted on June 11th and 12th. Staff have selected a candidate to fill the position. 4.Recommended Candidate: Jon Guimont is the recommended candidate for the IT Technician Position. Jon has had over 2 years of experience in IT support and have been serving in the public sector for over 7 years. 5.Recommended Compensation: Staff recommends that Mr. Guimont be appointed to the position of IT Technician effective July 15, 2024. a. Salary. Starting wage of $29.28 (Grade 8, Start Step) b. Benefits. Vacation will accrue at a rate of 10 days per year and follow Local 12 Union agreement. Vacation and sick leave will begin on the start date. The employee will be eligible to participate in the City's benefit package starting the first day of the month following 30 days of employment. AGENDA ITEM COUNCIL ACTION REQUESTED Motion to appoint Jon Guimont to the position of IT Technician effective July 15, 2024. 33 Date: June 24, 2024 Item: 7 Presenter: Adam Edwards, City Administrator / Engineer Section: Presentations Title: Lake Minnetonka Conservation District 1.Purpose: Orono's Lake Minnetonka Conservation District representative, Mr. Richie Anderson, will provide an update on LMCD activities and budget. 2.Staff Recommendation: No AGENDA ITEM COUNCIL ACTION REQUESTED None 34 Date: June 24, 2024 Item: 8 Presenter: Maggie Jin, Finance Director Section: Presentations Title: 2023 Annual Comprehensive Financial Report Presentation 1.Purpose: The purpose of this item is to publicly present the 2023 audit and draft Annual Comprehensive Financial Report (ACFR) to the Council and public. 2.Background: Upon completion of the annual audit, the City’s auditors publicly present the results to the Mayor and Council. Tyler See from Abdo Solutions is here tonight to present the 2023 audit results. 3.Staff Recommendation: No action is required. This is an information item only. AGENDA ITEM COUNCIL ACTION REQUESTED No action is required. This is an information item only. Exhibits A. 2023 Draft Annual Comprehensive Financial Report B. 2023 Draft Executive Governance Summary C. 2023 Draft Other Required Reports 35 ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2023 CITY OF ORONO, MINNESOTA CITY OF ORONOCITY OF ORONO,, MINNESOTAMINNESOTA 36 THIS PAGE IS LEFT BLANKINTENTIONALLY 37 CITY OF ORONO, MINNESOTA ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2023 REPORT PREPARED BY: FINANCE DEPARTMENT REPORT PREPARED BY:REPORT PREPARED BY: FINANCE DEPARTMENTFINANCE DEPARTMENT 38 THIS PAGE IS LEFT BLANKINTENTIONALLY 39 City of Orono, Minnesota Annual Comprehensive Financial Report Table of Contents For the Year Ended December 31, 2023 Page No. Introductory Section Organization Chart 10 Elected and Appointed Officials 11 Financial Section Independent Auditor s Report 15 Management s Discussion and Analysis 19 Basic Financial Statements Government-wide Financial Statements Statement of Net Position 35 Statement of Activities 36 Fund Financial Statements Governmental Funds Balance Sheet 40 Reconciliation of the Balance Sheet to the Statement of Net Position 43 Statement of Revenues, Expenditures and Changes in Fund Balances 44 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities 46 General Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 47 Proprietary Funds Statement of Net Position 48 Statement of Revenues, Expenses and Changes in Net Position 49 Statement of Cash Flows 50 Notes to the Financial Statements 51 Required Supplementary Information - General Employees Retirement Fund 84 - General Employees Retirement Fund 84 Notes to the Required Supplementary Information - General Employee Retirement Fund 85 - Public Employees Police and Fire Fund 87 - Public Employees Police and Fire Fund 87 Notes to the Required Supplementary Information - Public Employees Police and Fire Fund 88 90 5 o the Statement of Activitieso the Statement of Activities General FundGeneral Fund Statement of Revenues, Expenditures and Changes in FundStatement of Revenues, Expenditures and Changes in Fund Balances --Budget and ActualBudget and Actual roprietary Fundsroprietary Funds StatementStatement of Net Positionof Net Position Statement of Revenues, ExpensesStatement of Revenues, Expenses aand Changes in Net Positionnd Changes in Net Position StatementStatement of Cash Flowsof Cash Flows Notes to the Financial StatementsNotes to the Financial Statements Required Supplementary InformationRequired Supplementary Information 40 THIS PAGE IS LEFT BLANKINTENTIONALLY 6 41 City of Orono, Minnesota Annual Comprehensive Financial Report Table of Contents (Continued) For the Year Ended December 31, 2023 Page No. Combining and Individual Fund Financial Statements and Schedules Nonmajor Governmental Funds Combining Balance Sheet 94 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 95 Nonmajor Special Revenue Funds Combining Balance Sheet 98 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 100 Nonmajor Debt Service Funds Combining Balance Sheet 104 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 105 Nonmajor Capital Projects Fund Combining Balance Sheet 108 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 110 Nonmajor Proprietary Funds Combining Statement of Net Position 114 Combining Statement of Revenues, Expenses and Changes in Net Position 115 Combining Statement of Cash Flows 116 General Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 117 Internal Service Funds Combining Statement of Net Position 120 Combining Statement of Revenues, Expenses and Changes in Net Position 121 Combining Statement of Cash Flows 122 Statistical Section (Unaudited) Financial Trends Summary Financial Report - Revenues and Expenditures for General Operations - Governmental Funds 127 Net Position by Component 128 Changes in Net Position 130 Fund Balances of Governmental Funds 134 Changes in Fund Balances of Governmental Funds 136 Revenue Capacity Assessed Value and Estimated Actual Value of Taxable Property 138 Property Tax Rates - Direct and Overlapping Governments 139 Principal Property Taxpayers 140 Property Tax Levies and Collections 141 Debt Capacity Ratios of Outstanding Debt by Type 142 Ratios of General Bonded Debt Outstanding 143 Direct and Overlapping Governmental Activities Debt 145 Legal Debt Margin Information 146 Pledged Revenue Coverage 148 Demographic and Economic Information Demographic and Economic Statistics 149 Principal Employers 151 Operating Information Full-Time Equivalent Employees by Function 152 Operating Indicators by Function 154 Capital Asset Statistics by Function 156 7 Schedule of Revenues, Expenditures and Changes in Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Balances -Budget and ActualBudget and Actual Internal Service FundsInternal Service Funds bining Statement of Net Positionbining Statement of Net Position Combining Statement of Revenues, Expenses andCombining Statement of Revenues, Expenses and Changes in Net PositionChanges in Net Position Combining Statement of Cash FlowsCombining Statement of Cash Flows Statistical Section (Unaudited)Statistical Section (Unaudited) Financial TrendsFinancial Trends Summary Financial Report Summary Financial Report -Revenues and Expenditures for General OperationsRevenues and Expenditures for General Operations -Governmental Fundsunds Net PositioNet Position by Componentn by Component 42 THIS PAGE IS LEFT BLANKINTENTIONALLY 8 43 INTRODUCTORY SECTION CITY OF ORONO, MINNESOTA FOR THE YEAR ENDED DECEMBER 31, 2023 9 FOR THE YEAR ENDEDFOR THE YEAR ENDED DECEMBER 31, DECEMBER 31, 2023 44 Maint. Worker Maint. Worker Maint. Worker Cadet/ CSO City Staff Organization Patrol Officer City Administrator / City Engineer Engineering (Bolton and Menk) Full Time Part Time ContractSeasonal / ReserveCity Attorney (Campbell Knutson) Fire In 2023 Building Official IT Tech Resource Mgmt Tech Front Desk Park Maintenance Lead Worker Clubhouse Events / Rec Utilities Streets &Storm Brush site Fleet Mechanic Custodian / Grounds Prosecuting Attorney Accountant Management Assistant / Communications PlannersPlanner Planning Admin PW / Parks Admin Golf CourseGolf CourseGolf CourseGC Attendants Golf CourseGolf CourseGolf Course GC Greenkeeper Parks Maint. Maint. Worker Brush siteBrush site Maint. Worker Maint. WorkerMaint. WorkerMaint. WorkerMaint. Worker City Council Residents of Orono Front Desk Office Mgr Front Desk Deputy Chief Sergeant Cadet/ CSO Police Reserve InvestigatorInvestigator Sergeant Sergeant Patrol Officer - SRO Patrol OfficerPatrol Officer Patrol Officer - SRO Patrol Officer - DTF Patrol OfficerPatrol OfficerPatrol Officer Patrol Officer Patrol OfficerPatrol OfficerPatrol OfficerPatrol OfficerPatrol Officer Patrol Officer Patrol OfficerPatrol OfficerPatrol OfficerPatrol OfficerPatrol Officer Police ReservePolice ReservePolice Reserve Sergeant Building Inspector Sergeant Police Chief Community Development Director Public Works Superintendent Parks Superintendent (Parks and Golf course) Finance DirectorCity Clerk 10 Fire In 2023 IT Tech Resource Mgmt Tech Park Maintenance Lead Worker Planner Planning Admin Office Mgr Front Community Development Director Public Works Superintendent Parks Superintendent (Parks and Golf course) Finance Director 45 City of Orono, Minnesota Elected and Appointed Officials For the Year Ended December 31, 2023 11 46 THIS PAGE IS LEFT BLANKINTENTIONALLY 12 47 FINANCIAL SECTION CITY OF ORONO, MINNESOTA FOR THE YEAR ENDED DECEMBER 31, 2023 13 FOR THE FOR THE YEAR ENDEDYEAR ENDED DECEMBER 31, DECEMBER 31, 2023 48 THIS PAGE IS LEFT BLANKINTENTIONALLY 14 49 INDEPENDENT AUDITOR S REPORT Honorable Mayor and City Council City of Orono, Minnesota Opinions We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City of Orono, Minnesota (the City), as of and for the year ended December 31, 2023 financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City as of December 31, 2023, and the respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary comparison for the General fund for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. 15 Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 50 In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we: Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. Other Matters Required Supplementary Information s Discussion and Analysis starting on page 19 and the Schedules s of Employer s Contributions, the related notes disclosures and the Schedule of Related Ratios starting on page 84 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Cit The combining and individual fund financial statements and schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements and schedules are fairly stated, in all material respects in relation to the basic financial statements as a whole. 16 Required Supplementary Information s Discussion and starting on page 19 and the Schedules s of s Contributions,the related notes disclosures and the Schedule of Related Ratios starting on page 84 be presented to supplement the basic financial statements.Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial state ments in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consi 51 Other Information Management is responsible for the other information in the annual report. The other information comprises the thereon. Our opinions on the basic financial statement do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated NEED DATE, on our provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Abdo Minneapolis, Minnesota NEED DATE 17 Minneapolis, Minnesota 52 THIS PAGE IS LEFT BLANKINTENTIONALLY 18 53 As management of the City of Orono narrative overview and analysis of the financial activities of the City for the fiscal year ended December 31, 2023. Financial Highlights The assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources at the close of the most recent fiscal year as shown in the summary of net position on the following pages. The unrestricted amount of net position may be used to meet the C and creditors. pages. The increase this year was due to an increase in property taxes and unrestricted investment earnings, and charges for services in the business-type activities continuing to outweigh expenses. For the current fiscal year, the City's governmental funds fund balances are shown in the Financial Analysis of the City's Funds section of the MD&A. The total fund balance decreased in comparison with the prior year. This decrease was mainly due to an increase in capital outlay expenditures for project construction. The total of discretion. decreased from prior year. scheduled debt service payments as shown on the outstanding debt table. 19 resources at the close of the most recent fiscal year as shown in the summary of net position on the followingresources at the close of the most recent fiscal year as shown in the summary of net position on the following pages. The unrestricted amount of net position may be used to meet the Cpages. The unrestricted amount of net position may be used to meet the C and creditors.and creditors. pages. The increase this year was due to an increase in pages. The increase this year was due to an increase in property taxes and unrestricted investment earningsproperty taxes and unrestricted investment earnings charges for services in the businesscharges for services in the business--type activities continuing to outweigh expenses.type activities continuing to outweigh expenses. For the current fiscal year, the City's governmental funds fund balances are shown in the Financial Analysis of theFor the current fiscal year, the City's governmental funds fund balances are shown in the Financial Analysis of the City's Funds section of the MD&A. The total fund balance City's Funds section of the MD&A. The total fund balance decreased in comparison with the prior year. Thiscreased in comparison with the prior year. This 54 Overview of the Financial Statements basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplemental information in addition to the basic financial statements themselves. The following chart shows how the various parts of this annual report are arranged and related to one another: The financial statements also include notes that explain some of the information in the financial statements and provide more detailed data. The statements are followed by a section of combining and individual fund financial statements and schedules that further explains and supports the information in the financial statements. Figure 1 shows how the required parts of this annual report are arranged and relate to one another. In addition to these required elements, we have included a section with combining and individual fund financial statements and schedules that provide details about nonmajor governmental funds, which are added together and presented in single columns in the basic financial statements. Internal service funds statements are also included, reflecting balances prior to their elimination from the government---type activities columns of said statements. Figure 1 Required Components of the Management's Discussion and Analysis Basic Financial Statements Required Supplementary Information Government- wide Financial Statements Fund Financial Statements Notes to the Financial Statements Summary Detail 20 Management's Discussion and Analysis Basic Financial Statements Required Supplementary Information 55 statements, including the portion of the City government and analysis explains the structure and contents of each of the statements. Figure 2 Major Features of the Government-wide and Fund Financial Statements Fund Financial Statements Government-wide Statements Governmental Funds Proprietary Funds Scope Entire City government and The activities of the City that are not proprietary or fiduciary, such as police, fire and parks Activities the City operates similar to private businesses, such as the water and sewer system Required financial statements Statement of Net Position Statement of Activities Balance Sheet Statement of Revenues, Expenditures, and Changes in Fund Balances Statements of Net Position Statements of Revenues, Expenses and Changes in Fund Net Position Statements of Cash Flows Accounting basis and measurement focus Accrual accounting and economic resources focus Modified accrual accounting and current financial resources focus Accrual accounting and economic resources focus Type of asset/liability information All assets and liabilities, both financial and capital, and short-term and long- term Only assets expected to be used up and liabilities that come due during the year or soon thereafter; no capital assets included All assets and liabilities, both financial and capital, and short-term and long- term Type of deferred outflows/inflows of resources information All deferred outflows/inflows of resources, regardless of when cash is received or paid Only deferred outflows of resources expected to be used up and deferred inflows or resources that come due during the year or soon thereafter; no capital assets included All deferred outflows/inflows of resources, regardless of when cash is received or paid Type of inflow/out flow information All revenues and expenses during year, regardless of when cash is received or paid Revenues for which cash is received during or soon after the end of the year; expenditures when goods or services have been received and payment is due during the year or soon thereafter All revenues and expenses during the year, regardless of when cash is received or paid Government-wide Financial Statements. The government-wide financial statements are designed to provide readers with -sector business. The statement of net position , deferred outflows, liabilities, and deferred inflows, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. The statement of activities fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). 21 All deferred All deferred outflows/inflows of outflows/inflows of resources, regardless of resources, regardless of focusfocus Type of asset/liability Type of asset/liability informationinformation All assets and liabilities, All assets and liabilities, both financial and capital, both financial and capital, and shortand short--term and longterm and long- termterm Only assets expected to be Only assets expected to be used up and liabilities that used up and liabilities that come due during the year or come due during the year or soon thereafter; no capital soon thereafter; no capital assets includedassets included All assets and liabilities, All assets and liabilities, both financial and capital, both financial and capital, and shortand short--term and longterm and long term Type of deferred Type of deferred outflows/inflows of outflows/inflows of resources informationresources information All deferred All deferred outflows/inflows of outflows/inflows of resources, regardless of resources, regardless of Only deferred outflows of Only deferred outflows of resources expected to be used resources expected to be used up and deferred inflows or up and deferred inflows or 56 Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenue (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, public safety, public works, culture and recreation, community development, and interest on long-term debt. The business-type activities of the City include water and sewer utilities and the golf course. The government-wide financial statements start on page 35 of this report. Fund Financial Statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental Funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in -term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact -term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains numerous individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the General fund, Municipal State Aid Street fund, Pavement Management Plan and Project Construction funds which are all considered to be major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements or schedules elsewhere in this report. The City adopts an annual appropriated budget for its General fund. A budgetary comparison statement has been provided for these funds to demonstrate compliance with its budget. The basic governmental fund financial statements start on page 40 of this report. Proprietary Funds. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for all the water, sewer, and golf course funds, which are considered to be major funds of the City. Conversely, all internal service funds are combined into a single aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is provided in the form of combining statements elsewhere in this report. The City maintains two different types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its water, sanitary sewer and golf operations. Internal service funds are an accounting device used to accumulate and allocate costs internally among the City's various functions. The City uses internal service funds to account for insurance, compensated absences, fleet management and IT services. Because these services benefit both governmental and business-type activities, they are allocated to both governmental and business-type activities in the government-wide financial statements. The basic proprietary fund financial statements start on page 48 of this report. Notes to the Financial Statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements start on page 51 of this report. 22 governmental fundsgovernmental funds and governmental activitiesgovernmental activities. The City maintains The City maintains numerousnumerous individual governmental fundsindividual governmental funds. . Information is presented separately in the governmental Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for fundfund,Municipal State Aid StreetMunicipal State Aid Street fundfund, Pavement Management Plan and Project Construction , Pavement Management Plan and Project Construction funds which are considered to be major fundsconsidered to be major funds. Data from the other Data from the other governmental funds are combined into a single, aggregated governmental funds are combined into a single, aggregated presentationpresentation. . Individual fund data for each of these nonmajor governmental funds is provided in the form of Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements or schedulesstatements or schedules elsewhere in this report.elsewhere in this report. The City adopts an annual appropriated budget for its General fundThe City adopts an annual appropriated budget for its General fund A bA budgetary comparison statudgetary comparison statement ement hashas been 57 Other Information. In addition to the basic financial statements and accompanying notes, this report also presents pensions and other postemployment benefits to its employees. Required supplementary information can be found starting on page 84 of this report. The combining statements referred to earlier in connection with nonmajor governmental funds and internal service funds are presented following the required supplementary information. Combining and individual fund financial statements and schedules start on page 94 of this report. Supplementary Information.In addition to the basic financial statements and accompanying notes, this report also benefits and other post-employment benefits to its employees. Required supplementary information can be found on page 84 of this report. The combining statements referred to earlier in connection with nonmajor governmental funds and internal service funds are presented following the notes to the financial statements. Combining and individual fund financial statements and schedules start on page 94 of this report. Government-wide Financial Analysis the City, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources at the close of the most recent fiscal year. reflects its investment in capital assets (e.g., land, buildings, machinery and equipment) less any related debt used to acquire those assets that is still outstanding. The City uses these capital investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. 23 the most recent fiscal year. the most recent fiscal year. reflects its investment in capital assets (e.g., land, builreflects its investment in capital assets (e.g., land, buil dings, machinery and equipment)and equipment)less any related debt used to acquire those assets that is still outstanding. The City uses these capital less any related debt used to acquire those assets that is still outstanding. The City uses these capital investment in its capitinvestment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this al assets is reported net of related debt, it should be noted that the resources needed to repay this be provided from other sources, since the capital assets themselves cannot be used to liquidate these be provided from other sources, since the capital assets themselves cannot be used to liquidate these 58 City of Orono s Summary of Net Position may be used. The remaining balance of unrestricted net position citizens and creditors. At the end of the current fiscal year, the City is able to report positive balances in the net investment in capital asset, restricted, and unrestricted categories. 24 59 Significant changes from the prior year are noted below: City of Orono s Changes in Net Position The increase in Program Revenues from the prior year relates to charges for services and operating grants and contributions. Charges for services increased due to increases in public safety charges and utilities. Operating grants and contributions increased due to public safety aid. The increase in Public Safety expenses from prior year is expenses is due to an increase in police and fire expenses. The increase in Golf Course expenses from prior year is due to the Golf Course operations moving from governmental activities to business-type activities in the current year. 25 60 Governmental Activities.Governmental activities increased . This increase was primarily the result of current year increase in revenues and change in pension liability balances. The following graph depicts various governmental activities and shows the revenues and expenses directly related to those activities. Expenses and Program Revenues - Governmental Activities $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 General Government Public Safety Public Works Parks and Recreation Community Development Interest on Long- term Debt Expenses Program Revenues Revenues by Source - Governmental Activities 26 GovernmentGovernment RecreationRecreation DevelopmentDevelopment term Debtterm Debt ExpensesExpenses Program RevenuesProgram Revenues RevenueRevenuess by Source by Source --Governmental ActivitiesGovernmental Activities 61 Business-type Activities. Business-type activities de position table. Charges for services for business-type activities increased due to an increase in water, sewer, and stormwater sales. Operating grants and contributions for business-type activities increased due to the recognition of ARPA revenue in the Sewer fund. Total expenses for business-type activities increased due to an increase in personnel services for both the Water and Sewer Fund and an increase in MCES (Metropolitan Council Environmental Services) expenses in the Sewer Fund. Expenses and Program Revenues - Business-type Activities Revenues by Source - Business-type Activities 27 62 Financial Analysis of the City As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds. governmental funds is to provide information on near-term inflows, outflows and balances of spendable particular, unassigned fund balance spending at the end of the fiscal year. The table below outlines the governmental fund balances for the year ending December 31, 2023: 51 of this report. The General fund is the chief operating fund of the City. At the end of the current year, the fund balance of the General fund balance to total fund expenditures. The total unassigned fund balance as a percent of total fund expenditures is shown in the chart below along with total fund balance as a percent of total expenditures. decreased during the current fiscal year as shown in the table above. The decrease in fund balance was due to transfers out to other governmental funds. 28 fund balance to total fund expfund balance to total fund expenditures. The total unassigned fund balance as a percent of total fund expenditures is enditures. The total unassigned fund balance as a percent of total fund expenditures is shown in the chart below along with total fund balance as a percent of total expenditures.shown in the chart below along with total fund balance as a percent of total expenditures. 63 Other major governmental fund analysis is shown below: Proprietary Funds. -wide financial statements, but in more follows: 29 64 General Fund Budgetary Highlights not amended during the year as shown above. Actual revenues were over the final budget and actual expenditures were also over the final budget amounts as shown above. Capital Asset and Debt Administration Capital Assets. -type activities as of December 31, 2023, is shown below in capital asset table (net of accumulated depreciation). This investment in capital assets includes land, structures, improvements, machinery and equipment, vehicles, roads, highways and bridges. Major capital asset events during the current fiscal year included the following: The 2021 Street Improvement project was completed. The 2022 Street Improvement project was completed. The CSAH 112 18-043 Project was completed. The CSAH 19 Watermain Replacement project was completed. Substantial work was completed on the Tonkawa Force Main Replacement project. Substantial work was completed on the 2023 Sanitary Sewer Rehabilitations project. Substantial work was completed on the Public Works Facility. The City purchased a 2009 Pierce Ladder Truck (unit 505). The City purchased a 2023 Ford F350 (unit 710). 30 notnot amended during the year as shown above. Actual revenues were over the final amended during the year as shown above. Actual revenues were over the final actual actual expenditures were expenditures were also overalso over the final budget amounts as shown above. the final budget amounts as shown above. sset and Debt Administrationsset and Debt Administration ssetsssets. . -type activities as of type activities as of December 31, 2023December 31, 2023, is shown below in capital asset table (net of accumulated depreciation). This investment in capital , is shown below in capital asset table (net of accumulated depreciation). This investment in capital assets includes land, structures, improvements, machinery and equipment, vehicles, roads, highways and bridges. assets includes land, structures, improvements, machinery and equipment, vehicles, roads, highways and bridges. 65 City of Orono s Capital Assets (Net of Depreciation) 64 of this report. Long-term Debt.At the end of the current fiscal year, the City had total bonded debt outstanding consisting of revenue they are all backed by the full faith and credit of the City. State statutes limit the amount of G.O. debt a Minnesota city may issue to 3 percent of total estimated market value. The current debt limitation for the City is $147,070,777. Only the $17,110,000 in G.O. bonds is counted within the statutory limitation. City of Orono s Outstanding Debt -term debt can be found in Note 3F starting on page 67 of this report. Utility rate increases are scheduled to be around 2% per year. These sustainable increases were made possible by analyzing the utility funds capital needs and making the difficult decision to increase rates significantly over the past three years. Property values continue to rise, but at a much lower rate than in previous years. With indications that interest rates may remain at relatively high levels through next year, it is unlikely that the property tax base will expand as dramatically as it has over the last three years. The creation and equipping of the Orono Fire Department has resulted in short term spike in capital expenditures so that large spikes in capital expenditures can be avoided in the future. Requests for Information Questions concerning any of the information provided in this report or requests for additional information should be addressed by writing to the City of Orono, 2750 Kelley Parkway, Orono, Minnesota 55356 or by calling (952) 249-4600. 31 City of OronoCity of Orono Outstanding DebtOutstanding Debt 66 THIS PAGE IS LEFT BLANKINTENTIONALLY 32 67 GOVERNMENT-WIDE FINANCIAL STATEMENTS CITY OF ORONO, MINNESOTA FOR THE YEAR ENDED DECEMBER 31, 2023 33 FOR THE FOR THE YEAR ENDEDYEAR ENDED DECEMBER 31, DECEMBER 31, 2023 68 THIS PAGE IS LEFT BLANKINTENTIONALLY 34 69 City of Orono, Minnesota Statement of Net Position December 31, 2023 Governmental Business-type Activities Activities Total Assets Cash and temporary investments 16,965,777$ 4,367,495$ 21,333,272$ Receivables Accrued interest 49,522 458 49,980 Taxes 74,890 - 74,890 Accounts 77,651 483,423 561,074 Special assessments 28,000 35,612 63,612 Lease 1,280,518 - 1,280,518 Due from other governments 860,111 9,730 869,841 Prepaid items 136,312 64,266 200,578 Capital assets Land and construction in progress 23,271,602 1,521,138 24,792,740 Depreciable assets (net of accumulated depreciation) 28,150,650 20,384,110 48,534,760 Total Assets 70,895,033 26,866,232 97,761,265 Deferred Outflows of Resources Deferred pension resources 6,172,066 137,957 6,310,023 Liabilities Accounts and contracts payable 2,075,047 107,941 2,182,988 Accrued salaries payable 105,590 18,228 123,818 Due to other governments 625,677 19,350 645,027 Accrued interest payable 176,820 6,052 182,872 Deposits payable 1,336,899 7,000 1,343,899 Noncurrent liabilities Due within one year Long-term liabilities 1,222,931 148,982 1,371,913 Due in more than one year Long-term liabilities 17,146,631 495,771 17,642,402 Net pension liability 5,110,716 482,079 5,592,795 Other postemployment benefits liability 1,016,678 159,172 1,175,850 Total Liabilities 28,816,989 1,444,575 30,261,564 Deferred Inflows of Resources Deferred lease resources 1,206,973 - 1,206,973 Deferred pension resources 5,979,032 135,527 6,114,559 Total Deferred Inflows of Resources 7,186,005 135,527 7,321,532 Net Position Net investment in capital assets 34,721,961 21,343,572 56,065,533 Restricted for Debt service 681,679 - 681,679 Public safety 371,306 - 371,306 Park improvements 134,054 - 134,054 Drug and alcohol law enforcement 694,510 - 694,510 Home buyer purchase assistance program 142,095 - 142,095 Housing 601,467 - 601,467 Unrestricted 3,717,033 4,080,515 7,797,548 Total Net Position 41,064,105$ 25,424,087$ 66,488,192$ The notes to the financial statements are an integral part of this statement. 35 Accounts and contracts payableAccounts and contracts payable 2,075,0472,075,047 107,941107,941 2,182,9882,182,988 Accrued salaries payableAccrued salaries payable 105,590 18,22818,228 Due to other governmentsDue to other governments 625,677625,677 19,35019,350 Accrued interest payableAccrued interest payable 176,820 6,0526,052 Deposits payableDeposits payable 1,336,8991,336,899 7,0007,000 1,343,899 Noncurrent liabilitiesNoncurrent liabilities Due within one yearDue within one year Long-term liabilitiesLong-term liabilities 1,222,9311,222,931 148,982148,982 1,371,913 Due in more than one yearDue in more than one year Long-term liabilitiesLong-term liabilities 17,146,63117,146,631 495,771495,771 17,642,402 70 City of Orono, Minnesota Statement of Activities For the Year Ended December 31, 2023 Operating Capital Charges for Grants and Grants and Expenses Services Contributions Contributions Governmental Activities General government 1,983,264$ 897,294$ -$ -$ Public safety 7,894,893 2,965,900 1,058,792 - Public works 2,047,315 1,417,579 642,943 28,000 Parks and recreation 562,310 75,295 - 22,659 Community development 154,566 - - - Interest on long-term debt 399,542 - - - Total Governmental Activities 13,041,890 5,356,068 1,701,735 50,659 Business-type Activities Water 1,298,511 1,680,871 - - Sewer 2,079,800 2,278,986 - 79,136 Storm water 486,937 765,631 - 5,251 Recycling 242,530 269,132 8,519 - Cable television 68,069 68,368 - - Golf course 492,173 441,621 - - Total Business-type Activities 4,668,020 5,504,609 8,519 84,387 Total 17,709,910$ 10,860,677$ 1,710,254$ 135,046$ General Revenues Taxes Property taxes, levied for general purposes Property taxes, levied for debt service Tax increments Grants and contributions not restricted to specific programs Unrestricted investment earnings Transfers - Internal Activities Total General Revenues and Transfers Change in Net Position Net Position, January 1 Net Position, December 31 Functions/Programs Program Revenues The notes to the financial statements are an integral part of this statement. 36 242,530242,530 269,132269,132 8,5198,519 Cable televisionCable television 68,06968,069 68,36868,368 -- Golf course Golf course 492,173492,173 441,621441,621 -- Total Business-type ActivitiesTotal Business-type Activities 4,668,0204,668,020 5,504,6095,504,609 8,5198,519 17,709,91017,709,910$ $ 10,860,67710,860,677$ 1,710,2541,710,254$ $ General RevenuesGeneral Revenues TaxesTaxes Property taxes, levied for general purposesProperty taxes, levied for general purposes 71 Governmental Business-type Activities Activities Total (1,085,970)$ -$ (1,085,970)$ (3,870,201) - (3,870,201) 41,207 - 41,207 (464,356) - (464,356) (154,566) - (154,566) (399,542) - (399,542) (5,933,428) - (5,933,428) - 382,360 382,360 - 278,322 278,322 - 283,945 283,945 - 35,121 35,121 - 299 299 - (50,552) (50,552) - 929,495 929,495 (5,933,428) 929,495 (5,003,933) 7,366,232 - 7,366,232 1,002,000 - 1,002,000 78,908 - 78,908 406 451,305 451,711 508,318 305,311 813,629 2,990,324 (2,990,324) - 11,946,188 (2,233,708) 9,712,480 6,012,760 (1,304,213) 4,708,547 35,051,345 26,728,300 61,779,645 41,064,105$ 25,424,087$ 66,488,192$ Changes in Net Position Net (Expenses) Revenues and The notes to the financial statements are an integral part of this statement. 37 35,121 35,12135,121 --299 299299 -(50,552)(50,552) (50,552)(50,552) -929,495929,495 929,495929,495 (5,933,428)(5,933,428)929,495929,495 (5,003,933)(5,003,933) 7,366,2327,366,232 7,366,2327,366,232 72 THIS PAGE IS LEFT BLANKINTENTIONALLY 38 73 FUND FINANCIAL STATEMENTS CITY OF ORONO, MINNESOTA FOR THE YEAR ENDED DECEMBER 31, 2023 39 FOR THE YEAR ENDEDFOR THE YEAR ENDED DECEMBER 31, DECEMBER 31, 2023 74 City of Orono, Minnesota Balance Sheet Governmental Funds December 31, 2023 Municipal Pavement State Aid Management General Street Plan Assets Cash and temporary investments 4,108,896$ 163,447$ 507,380$ Receivables Accrued interest 7 - 503 Taxes 74,890 - - Accounts 77,651 - - Special assessments - - - Lease - - 1,280,518 Due from other governments 113,858 689,362 6,932 Due from other funds 1,504,286 - - Prepaid items 93,611 - - Total Assets 5,973,199$ 852,809$ 1,795,333$ Liabilities Accounts and contracts payable 137,165$ -$ 27,536$ Accrued salaries payable 101,701 - - Due to other governments 104,801 - 111,094 Due to other funds - 1,504,286 - Deposits payable 1,336,899 - - Total Liabilities 1,680,566 1,504,286 138,630 Deferred Inflows of Resources Deferred lease resources - - 1,206,973 Unavailable revenues - delinquent taxes 74,890 - - Unavailable revenues - special assessments - - - Unavailable revenues - intergovernmental - 689,362 - Total Deferred Inflows of Resources 74,890 689,362 1,206,973 Fund Balances Nonspendable 93,611 - - Restricted - - - Committed - - - Assigned - - 449,730 Unassigned 4,124,132 (1,340,839) - Total Fund Balances 4,217,743 (1,340,839) 449,730 Total Liabilities, Deferred Inflows of Resources and Fund Balances 5,973,199$ 852,809$ 1,795,333$ The notes to the financial statements are an integral part of this statement. 40 Accounts and contracts payableAccounts and contracts payable 137,165137,165$ --$ $ $ Accrued salaries payableAccrued salaries payable 101,701101,701 -- Due to other governmentsDue to other governments 104,801104,801 -- Due to other fundsDue to other funds - 1,504,2861,504,286 Deposits payableDeposits payable 1,336,8991,336,899 -- Total LiabilitiesTotal Liabilities 1,680,5661,680,566 1,504,2861,504,286 75 Project Other Total Construction Governmental Governmental Fund Funds Funds 7,137,787$ 4,618,593$ 16,536,103$ 42,783 4,802 48,095 - - 74,890 - - 77,651 - 28,000 28,000 - - 1,280,518 2,601 47,358 860,111 - 601,467 2,105,753 - - 93,611 7,183,171$ 5,300,220$ 21,104,732$ 1,666,271$ 171,172$ 2,002,144$ - - 101,701 408,543 753 625,191 - 601,467 2,105,753 - - 1,336,899 2,074,814 773,392 6,171,688 - - 1,206,973 - - 74,890 - 28,000 28,000 - - 689,362 - 28,000 1,999,225 - - 93,611 977,410 2,829,931 3,807,341 - 313,344 313,344 4,130,947 2,221,855 6,802,532 - (866,302) 1,916,991 5,108,357 4,498,828 12,933,819 7,183,171$ 5,300,220$ 21,104,732$ The notes to the financial statements are an integral part of this statement. 41 1,666,2711,666,271 171,172171,172$ $ 2,002,1442,002,144$ --- 101,701101,701 408,543408,543 753753 625,191625,191 -601,467601,467 2,105,7532,105,753 --- 1,336,8991,336,899 2,074,8142,074,814 773,392773,392 6,171,6886,171,688 76 THIS PAGE IS LEFT BLANKINTENTIONALLY 42 77 City of Orono, Minnesota Reconciliation of the Balance Sheet to the Statement of Net Position Governmental Funds December 31, 2023 Amounts reported for the governmental activities in the statement of net position are different because Total Fund Balances - Governmental Funds 12,933,819$ Capital assets used in governmental activities are not financial resources and therefore are not reported as assets in governmental funds. Cost of capital assets 63,518,482 Less: accumulated depreciation (12,096,230) Internal service funds are used by the City to charge the cost of compensated absences, liability, property, and workers compensation insurance, vehicles and equipment, centralized purchase of consumable office supplies, maintaining facilities, and maintenance of computer systems. These balances are reported with governmental activities on the statement of net position. 396,524 Noncurrent liabilities, including bonds payable, are not due and payable in the current period and therefore are not reported as liabilities in the funds. Noncurrent liabilities at year-end consist of Compensated absences payable (691,861) Bonds payable (17,039,900) Plus premium on bonds issued (637,801) Other postemployment benefits payable (1,016,678) Net pension liability (5,110,716) Some receivables are not available soon enough to pay for the current period's expenditures, and therefore are unavailable in the funds. Delinquent taxes 74,890 Special assessments 28,000 Intergovernmental 689,362 Governmental funds do not report long-term amounts related to pensions and OPEB. Deferred outflows of pension resources 6,172,066 Deferred inflows of pension resources (5,979,032) Governmental funds do not report a liability for accrued interest until due and payable. (176,820) Total Net Position - Governmental Activities 41,064,105$ The notes to the financial statements are an integral part of this statement. 43 Compensated absences payableCompensated absences payable (691,861)(691,861) Bonds payableBonds payable (17,039,900)(17,039,900) Plus premium on bonds issuedPlus premium on bonds issued (637,801) Other postemployment benefits payableOther postemployment benefits payable (1,016,678) Net pension liabilityNet pension liability (5,110,716) Some receivables are not available soon enough to pay for the current period's expenditures,Some receivables are not available soon enough to pay for the current period's expenditures, and therefore are unavailable in the funds.and therefore are unavailable in the funds. Delinquent taxesDelinquent taxes 78 City of Orono, Minnesota Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds For the Year Ended December 31, 2023 Municipal Pavement State Aid Management General Street Plan Revenues Taxes 5,613,956$ -$ 1,000,000$ Special assessments - - - Licenses and permits 801,514 - - Intergovernmental 686,742 158,642 88,172 Charges for services 3,872,716 - 243,137 Fines and forfeitures 57,761 - - Investment earnings 182,787 7,722 1,161 Miscellaneous 105,346 - - Total Revenues 11,320,822 166,364 1,332,470 Expenditures Current General government 1,700,101 - - Public safety 7,082,379 - - Public works 1,420,306 - - Parks and recreation 444,116 - - Community development - - - Capital outlay Public safety 179,339 - Public works - 153 461,822 Parks and recreation - - - Debt service Principal - - - Interest and other charges - - - Total Expenditures 10,826,241 153 461,822 Excess (Deficiency) of Revenues Over (Under) Expenditures 494,581 166,211 870,648 Other Financing Sources (Uses) Transfers in 49,847 - 1,000,000 Transfers out (1,580,000) - (303,672) Financed purchase issued - - - Total Other Financing Sources (Uses) (1,530,153) - 696,328 Net Change in Fund Balances (1,035,572) 166,211 1,566,976 Fund Balances, January 1 5,253,315 (1,507,050) (1,117,246) Fund Balances, December 31 4,217,743$ (1,340,839)$ 449,730$ The notes to the financial statements are an integral part of this statement. 44 General governmentGeneral government 1,700,1011,700,101 Public safetyPublic safety 7,082,3797,082,379 -- Public worksPublic works 1,420,3061,420,306 -- Parks and recreationParks and recreation 444,116444,116 -- Community developmentCommunity development -- -- Capital outlayCapital outlay Public safetyPublic safety 179,339179,339 -- Public worksPublic works - 153153 Parks and recreationParks and recreation --- 79 Project Other Total Construction Governmental Governmental Fund Funds Funds 375,000$ 1,449,908$ 8,438,864$ - 22,698 22,698 - 62,446 863,960 - 372,456 1,306,012 - 28,525 4,144,378 - 102,312 160,073 118,804 197,110 507,584 - 71,543 176,889 493,804 2,306,998 15,620,458 - - 1,700,101 - 2,171 7,084,550 - - 1,420,306 - 23,076 467,192 - 154,566 154,566 - 708,195 887,534 14,237,654 734,541 15,434,170 - 31,432 31,432 - 1,095,000 1,095,000 - 450,581 450,581 14,237,654 3,199,562 28,725,432 (13,743,850) (892,564) (13,104,974) 3,000,000 1,871,376 5,921,223 - (976,702) (2,860,374) - 484,900 484,900 3,000,000 1,379,574 3,545,749 (10,743,850) 487,010 (9,559,225) 15,852,207 4,011,818 22,493,044 5,108,357$ 4,498,828$ 12,933,819$ The notes to the financial statements are an integral part of this statement. 45 1,700,1011,700,101 -2,1712,171 7,084,5507,084,550 --- 1,420,3061,420,306 -23,07623,076 467,192467,192 -154,566154,566 154,566154,566 -708,195708,195 887,534887,534 14,237,65414,237,654 734,541734,541 15,434,17015,434,170 --31,43231,432 31,43231,432 80 City of Orono, Minnesota Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities Governmental Funds For the Year Ended December 31, 2023 Amounts reported for governmental activities in the statement of activities are different because Total Net Change in Fund Balances - Governmental Funds (9,559,225)$ Capital outlays are reported in governmental funds as expenditures. However, in the statement of activities, the cost of those assets is allocated over the estimated useful lives as depreciation expense. Capital outlays 16,312,780 Depreciation expense (1,157,766) Revenues in the statement of activities that do not provide current financial resources are not reported as revenue in the funds. Capital assets contributed to other funds (70,525) Governmental funds report a gain (loss) on sale of capital assets to the extent of cash exchanged, whereas the disposition of the assets book value is included in the total gain (loss) in the statement of activities.(11,399) The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts and similar items when debt is first issued, whereas these amounts are amortized in the statement of activities. Principal repayments 1,095,000 Current year amortization of deferred charges 38,205 Finance purchase arrangement issued (484,900) Interest on long-term debt in the statement of activities differs from the amount reported in the governmental fund because interest is recognized as an expenditure in the funds when it is due, and thus requires the use of current financial resources. In the statement of activities, however, interest expense is recognized as the interest accrues, regardless of when it is due. 12,834 Internal service funds are used by the City to charge the cost of compensated absences, liability, property, and workers compensation insurance, vehicles and equipment, centralized purchase of consumable office supplies, maintaining facilities, and maintenance of computer systems. These balances are reported with governmental activities in the statement of activities.(1,434) Certain revenues are recognized as soon as they are earned. Under the modified accrual basis of accounting, certain revenues cannot be recognized until they are available to liquidate liabilities of the current period. Special assessments 28,000 Property taxes 8,276 Intergovernmental 396,129 Some expenses reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds. Compensated absences (61,730) Other postemployment benefits 61,511 Long-term pension activity is not reported in governmental funds. Pension expense (603,725) Pension revenue from State contributions 10,729 Change in Net Position - Governmental Activities 6,012,760$ The notes to the financial statements are an integral part of this statement. 46 the effect of premiums, discounts and similar items when debt is first issued, whereas these amounts the effect of premiums, discounts and similar items when debt is first issued, whereas these amounts are amortized in the statement of activities.are amortized in the statement of activities. Principal repaymentsPrincipal repayments 1,095,000 Current year amortization of deferred chargesCurrent year amortization of deferred charges Finance purchase arrangement issuedFinance purchase arrangement issued (484,900) Interest on long-term debt in the statement of activities differs from the amount reported in theInterest on long-term debt in the statement of activities differs from the amount reported in the governmental fund because interest is recognized as an expenditure in the funds when it is due,governmental fund because interest is recognized as an expenditure in the funds when it is due, and thus requires the use of current financial resources. In the statement of activities, however,and thus requires the use of current financial resources. In the statement of activities, however, interest expense is recognized as the interest accrues, regardless of when it is due.interest expense is recognized as the interest accrues, regardless of when it is due. 81 City of Orono, Minnesota Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual General Fund For the Year Ended December 31, 2023 Actual Variance with Original Final Amounts Final Budget Revenues Taxes 5,664,500$ 5,664,500$ 5,613,956$ (50,544)$ Licenses and permits 585,200 585,200 801,514 216,314 Intergovernmental 403,000 403,000 686,742 283,742 Charges for services 4,051,270 4,051,270 3,872,716 (178,554) Fines and forfeitures 80,000 80,000 57,761 (22,239) Investment earnings 160,900 160,900 182,787 21,887 Miscellaneous Rents and refunds 5,400 5,400 5,400 - Other 43,000 43,000 99,946 56,946 Total Revenues 10,993,270 10,993,270 11,320,822 327,552 Expenditures Current General government 1,623,750 1,623,750 1,700,101 (76,351) Public safety 6,911,170 6,911,170 7,082,379 (171,209) Public Works 1,032,600 1,032,600 1,420,306 (387,706) Parks and recreation 784,750 784,750 444,116 340,634 Capital outlay Public safety 221,000 221,000 179,339 41,661 Public Works 20,000 20,000 - 20,000 Total Expenditures 10,593,270 10,593,270 10,826,241 (232,971) Excess of Revenues Over Expenditures 400,000 400,000 494,581 94,581 Other Financing Sources (Uses) Transfers in - - 49,847 49,847 Transfers out (400,000) (400,000) (1,580,000) (1,180,000) Total Financing Sources (Uses) (400,000) (400,000) (1,530,153) (1,130,153) Net Change in Fund Balances - - (1,035,572) (1,035,572) Fund Balances, January 1 5,253,315 5,253,315 5,253,315 - Fund Balances, December 31 5,253,315$ 5,253,315$ 4,217,743$ (1,035,572)$ Budgeted Amounts The notes to the financial statements are an integral part of this statement. 47 General governmentGeneral government 1,623,7501,623,750 1,623,7501,623,750 1,700,1011,700,101 Public safetyPublic safety 6,911,1706,911,170 6,911,1706,911,170 7,082,3797,082,379 (171,209)(171,209) Public WorksPublic Works 1,032,6001,032,600 1,032,6001,032,600 1,420,3061,420,306 (387,706) Parks and recreationParks and recreation 784,750784,750 784,750784,750 444,116444,116 Capital outlayCapital outlay Public safetyPublic safety 221,000221,000 221,000221,000 179,339179,339 Public WorksPublic Works 20,00020,000 20,00020,000 -- Total ExpendituresTotal Expenditures 10,593,27010,593,270 10,593,27010,593,270 10,826,24110,826,241 (232,971) 82 Governmental Activities - Internal Water Sewer Storm Water Nonmajor Business-type Total Service Funds Assets Current Assets Cash and temporary investments 267,184$ 2,327,068$ 1,562,423$ 117,461$ 4,274,136$ 523,033$ Receivables Accrued interest - - - 458 458 1,427 Accounts 107,181 193,454 124,546 58,242 483,423 - Special assessments 9,708 25,904 - - 35,612 - Due from other governments - 9,730 - - 9,730 - Prepaid items - 64,224 - 42 64,266 42,701 Total Current Assets 384,073 2,620,380 1,686,969 176,203 4,867,625 567,161 Noncurrent Assets Capital assets Land 62,195 24,654 6,368 - 93,217 - Construction in progress 11,259 1,416,662 - - 1,427,921 - Buildings and systems 1,670,843 32,968 - - 1,703,811 - Distribution/collection system 7,843,795 20,581,583 2,716,733 205,474 31,347,585 - Machinery and equipment 100,444 661,685 245,870 267,544 1,275,543 - Total Capital Assets 9,688,536 22,717,552 2,968,971 473,018 35,848,077 - Less accumulated depreciation (3,734,973) (9,428,142) (554,370) (225,344) (13,942,829) - Net Capital Assets 5,953,563 13,289,410 2,414,601 247,674 21,905,248 - Total Assets 6,337,636 15,909,790 4,101,570 423,877 26,772,873 567,161 Deferred Outflows of Resources Deferred pension resources 49,489 49,880 19,062 19,526 137,957 - Liabilities Current Liabilities Accounts and contracts payable 8,577 97,398 1,043 923 107,941 72,903 Accrued salaries payable 6,486 6,409 2,866 2,467 18,228 3,889 Due to other governments 10,549 8,767 - 34 19,350 486 Accrued interest payable 6,052 - - - 6,052 - Deposits payable 7,000 - - - 7,000 - Compensated absences payable - current portion 11,991 10,304 40,202 - 62,497 - Bond premium - current portion 1,485 - - - 1,485 - Bonds payable - current portion 85,000 - - - 85,000 - Total Current Liabilities 137,140 122,878 44,111 3,424 307,553 77,278 Noncurrent Liabilities Bond premium 6,676 - - - 6,676 - Bonds payable 470,000 - - - 470,000 - Compensated absences payable 3,664 3,148 12,283 - 19,095 - Net pension liability 172,935 174,300 66,612 68,232 482,079 - Other postemployment benefits payable 48,962 48,255 30,814 31,141 159,172 - Total Noncurrent Liabilities 702,237 225,703 109,709 99,373 1,137,022 - Total Liabilities 839,377 348,581 153,820 102,797 1,444,575 77,278 Deferred Inflows of Resources Deferred pension resources 48,617 49,001 18,727 19,182 135,527 - Net Position Net investment in capital assets 5,391,887 13,289,410 2,414,601 247,674 21,343,572 - Unrestricted 107,244 2,272,678 1,533,484 73,750 3,987,156 489,883 Total Net Position 5,499,131$ 15,562,088$ 3,948,085$ 321,424$ 25,330,728 489,883$ Some amounts reported for business-type activities in the statement of net position are different because certain internal service fund assets and liabilities are included with business-type activities 93,359 25,424,087$ Business-type Activities - Enterprise Funds City of Orono, Minnesota Statement of Net Position Proprietary Funds December 31, 2023 The notes to the financial statements are an integral part of this statement. 48 Net Capital AssetsNet Capital Assets 5,953,563 13,289,41013,289,410 2,414,6012,414,601 247,674247,674 21,905,24821,905,248 Total AssetsTotal Assets 6,337,6366,337,636 15,909,79015,909,790 4,101,5704,101,570 423,877 26,772,87326,772,873 Deferred Outflows of ResourcesDeferred Outflows of Resources Deferred pension resourcesDeferred pension resources 49,48949,489 49,88049,880 19,06219,062 19,52619,526 137,957137,957 Current LiabilitiesCurrent Liabilities Accounts and contracts payableAccounts and contracts payable 8,577 97,398 1,0431,043 923 107,941107,941 Accrued salaries payableAccrued salaries payable 6,4866,486 6,409 2,8662,866 2,467 18,22818,228 Due to other governmentsDue to other governments 10,54910,549 8,767 -- 34 19,35019,350 83 Governmental Activities - Internal Water Sewer Storm Water Nonmajor Business-type Total Service Funds Operating Revenues Charges for services 1,660,476$ 2,276,657$ 765,622$ 604,329$ 5,307,084$ 709,161$ Other - - - 161,260 161,260 583,474 Total Operating Revenues 1,660,476 2,276,657 765,622 765,589 5,468,344 1,292,635 Operating Expenses Personnel services 344,017 357,495 213,340 251,630 1,166,482 367,835 Supplies 41,206 17,243 5,030 55,084 118,563 30,970 Professional services 82,260 100,880 53,348 260,207 496,695 144,349 Other Services and Charges - - - 190,800 190,800 2,891 Utilities 117,695 40,959 - - 158,654 - Repairs and maintenance 276,395 166,075 26,899 - 469,369 442,657 Depreciation 169,003 380,677 66,135 20,322 636,137 - Administrative charges from the General fund 137,650 137,650 69,680 3,125 348,105 - Insurance 33,401 19,220 4,920 - 57,541 359,578 Other 81,993 858,032 46,817 21,545 1,008,387 - Total Operating Expenses 1,283,620 2,078,231 486,169 802,713 4,650,733 1,348,280 Operating Income (Loss) 376,856 198,426 279,453 (37,124) 817,611 (55,645) Nonoperating Revenues (Expenses) Investment earnings 69,586 121,675 110,113 3,937 305,311 50,115 Intergovernmental - 451,305 - 8,519 459,824 - Miscellaneous revenues 20,395 2,329 9 13,532 36,265 - Interest and amortization expense (13,191) - - - (13,191) - Total Nonoperating Revenues (Expenses) 76,790 575,309 110,122 25,988 788,209 50,115 Income (Loss) Before Contributions and Transfers 453,646 773,735 389,575 (11,136) 1,605,820 (5,530) Contributions and Transfers Capital contributions from governmental funds - - - 70,525 70,525 - Connection fees - 21,530 5,251 - 26,781 - Intergovernmental - 57,606 - - 57,606 - Transfers out (1,010,499) (1,046,750) (1,003,600) - (3,060,849) - Total Transfers and Contributions (1,010,499) (967,614) (998,349) 70,525 (2,905,937) - Change in Net Position (556,853) (193,879) (608,774) 59,389 (1,300,117) (5,530) Net Position - January 1 6,055,984 15,755,967 4,556,859 262,035 26,630,845 495,413 Net Position, December 31 5,499,131$ 15,562,088$ 3,948,085$ 321,424$ 25,330,728$ 489,883$ Change in net position as shown above (1,300,117)$ (4,096) Change in net position - business-type activities (1,304,213)$ Adjustment to reflect the consolidation of internal service fund activities to the enterprise funds. City of Orono, Minnesota Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds For the Year Ended December 31, 2023 Business-type Activities - Enterprise Funds The notes to the financial statements are an integral part of this statement. 49 Investment earnings Investment earnings 69,58669,586 121,675121,675 110,113110,113 3,9373,937 305,311305,311 IntergovernmentalIntergovernmental - 451,305451,305 -- 8,519 459,824459,824 Miscellaneous revenuesMiscellaneous revenues 20,39520,395 2,3292,329 99 13,532 36,26536,265 Interest and amortization expenseInterest and amortization expense (13,191)(13,191) - -- - (13,191)(13,191) Total NonoperatingTotal Nonoperating Revenues (Expenses) Revenues (Expenses)76,79076,790 575,309575,309 110,122110,122 25,98825,988 788,209788,209 Income (Loss) BeforeIncome (Loss) Before Contributions and TransfersContributions and Transfers 453,646453,646 773,735 389,575389,575 (11,136) 1,605,8201,605,820 Contributions and TransfersContributions and Transfers 84 Governmental Activities - Internal Water Sewer Storm Nonmajor Business-type Total Service Funds Cash Flows from Operating Activities Receipts from customers and users 1,630,529$ 2,264,458$ 742,450$ 757,953$ 5,395,390$ 1,292,637$ Other operating receipts 20,395 2,329 9 13,532 36,265 - Payments to suppliers (783,869) (1,327,558) (210,669) (547,877) (2,869,973) (958,247) Payments to employees (341,147) (349,994) (166,635) (160,853) (1,018,629) (365,638) Net Cash Provided (Used) by Operating Activities 525,908 589,235 365,155 62,755 1,543,053 (31,248) Cash Flows from Noncapital Financing Activities Intergovernmental - 451,305 - 8,519 459,824 Transfers to other funds (1,010,499) (1,046,750) (1,003,600) - (3,060,849) - Net Cash Provided (Used) by . Noncapital Financing Activities (1,010,499) (595,445) (1,003,600) 8,519 (2,601,025) - Cash Flows from Capital and Related Financing Activities Connection fees received - 21,530 5,251 - 26,781 - Special assessments received 27,601 56,226 - - 83,827 - Acquisition of capital assets (859,360) (1,073,996) (289) (29,233) (1,962,878) - Intergovernmental - 57,606 - - 57,606 - Interest paid on debt (15,429) - - - (15,429) - Principal paid on bonds (85,000) - - - (85,000) - Net Cash Provided (Used) by Capital and Related Financing Activities (932,188) (938,634) 4,962 (29,233) (1,895,093) - Cash Flows from Investing Activities Investment receipts 70,250 134,358 115,941 4,181 324,730 51,523 Net Increase (Decrease) in Cash and Cash Equivalents (1,346,529) (810,486) (517,542) 46,222 (2,628,335) 20,275 Cash and Cash Equivalents, January 1 1,613,713 3,137,554 2,079,965 71,239 6,902,471 502,758 Cash and Cash Equivalents, December 31 267,184$ 2,327,068$ 1,562,423$ 117,461$ 4,274,136$ 523,033$ Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss) 376,856$ 198,426$ 279,453$ (37,124)$ 817,611$ (55,645)$ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities Depreciation 169,003 380,677 66,135 20,322 636,137 - Other income related to operations 20,395 2,329 9 13,532 36,265 - (Increase) decrease in assets/deferred outflows of resources Accounts receivable (29,947) (3,123) (23,172) (7,636) (63,878) 2 Due from other governments - (9,076) - - (9,076) - Inventories - - - - - - Prepaid items - (308) - (42) (350) (23,459) Deferred pension resources 32,212 30,983 (752) (15,116) 47,327 - Increase (decrease) in liabilities/deferred inflows of resources Accounts and contracts payable (14,909) 19,240 (3,975) (17,108) (16,752) 45,171 Accrued salaries payable 1,489 2,422 1,854 1,927 7,692 2,197 Due to other governments 1,640 (6,431) - 34 (4,757) 486 Compensated absences payable 4,967 5,013 25,425 - 35,405 - Net pension liability (72,036) (67,452) 11,539 53,643 (74,306) - Other postemployment benefits payable (12,379) (12,313) (10,088) 31,141 (3,639) - Deferred pension resources 48,617 48,848 18,727 19,182 135,374 - Net Cash Provided (Used) by Operating Activities 525,908$ 589,235$ 365,155$ 62,755$ 1,543,053$ (31,248)$ Schedule of Noncash Capital and Related Financing Activities Capital assets acquired on account -$ 36,242$ -$ -$ 36,242$ -$ Amortization of bond premium 1,485 - - - 1,485 - Capital assets contributed from governmental activities - - - 70,525 70,525 - City of Orono, Minnesota Statement of Cash Flows Proprietary Funds For the Year Ended December 31, 2023 Business-type Activities - Enterprise Funds The notes to the financial statements are an integral part of this statement. 50 Net Cash Provided (Used) by CapitalNet Cash Provided (Used) by Capital and Related Financing Activitiesand Related Financing Activities (932,188)(932,188) (938,634)(938,634) 4,9624,962 (29,233)(29,233) (1,895,093)(1,895,093) Cash Flows from Investing ActivitiesCash Flows from Investing Activities Investment receipts Investment receipts 70,25070,250 134,358134,358 115,941115,941 4,181 324,730324,730 Net Increase (Decrease) in Net Increase (Decrease) in Cash and Cash EquivalentsCash and Cash Equivalents (1,346,529)(1,346,529) (810,486)(810,486) (517,542)(517,542) 46,222 (2,628,335)(2,628,335) Cash and Cash Equivalents, January 1Cash and Cash Equivalents, January 1 1,613,7131,613,713 3,137,554 2,079,9652,079,965 71,239 6,902,4716,902,471 Cash and Cash Equivalents, December 31Cash and Cash Equivalents, December 31 267,184267,184$ $ 2,327,068$ 1,562,4231,562,423$ $ 117,461$ 4,274,1364,274,136$ $ 85 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 1: Summary of Significant Accounting Policies A. Reporting Entity The City of Orono (the City) operates under the State of Minnesota Statutory Plan A form of government. Under this plan, the City Council, composed of an elected mayor and four elected trustees or council members, exercises legislative authority and determines all matters of policy. The City Administrator, appointed by the City Council, is responsible for the proper administering of all affairs relating to the City. The City has considered all potential units for which it is financially accountable, and other organizations for which the statements to be misleading or incomplete. The City includes all funds, organizations, institutions, agencies, departments, and offices that are not legally separate from such. Component units are legally separate organizations for which the elected officials of the City are financially accountable and are included within the basic financial statements of the City because of their operational or financial relationships with the City. The Governmental Accounting Standards Board (GASB) has set forth criteria to be considered in determining financial accountability. These criteria include appointing a organization or (2) the potential for the organization to provide specific benefits to, or impose specific financial burdens on the primary government. following blended component unit. Blended Component Unit The Orono Housing and Redevelopment Authority (Orono HRA) is a legally separate organization created in accordance with Minnesota Statute § 469.003. Its purpose is to clear and redevelop blighted areas within the City and to provide adequate housing for low- and moderate-income residents. The Orono HRA is fiscally dependent upon the City, and its blended component unit of the City, with its funds reported as though they are funds of the City. The financial activity at this time is limited to debt payments within the Orono HRA debt service funds, namely the public facilities and project revenue bonds. B. Government-wide and Fund Financial Statements The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Amounts reported as program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds and proprietary funds. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. 51 Component UnitComponent Unit The Orono Housing and Redevelopment Authority (Orono HRA) is a legally separate organization created in accordance The Orono Housing and Redevelopment Authority (Orono HRA) is a legally separate organization created in accordance with Minnesota Statute § 469.003. Its purpose is to clear and redevelop blighted areas within the City and to provide with Minnesota Statute § 469.003. Its purpose is to clear and redevelop blighted areas within the City and to provide adequate housing for adequate housing for low--and moderateand moderate--incomeincome residents. The Orono HRA is fiscally dependent upon the City, and its residents. The Orono HRA is fiscally dependent upon the City, and its blended component unit of the City, with its fundblended component unit of the City, with its funds reported as though they are funds of the City. The financial activity at s reported as though they are funds of the City. The financial activity at this time is limited to debt payments within the Orono HRA debt service funds, namely the public facilities and project this time is limited to debt payments within the Orono HRA debt service funds, namely the public facilities and project revenue bonds.revenue bonds. 86 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 1: Summary of Significant Accounting Policies (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, pensions, and claims and judgments, are recorded only when payment is due. Property taxes, franchise taxes, licenses and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the City. Revenue resulting from exchange transactions, in which each party gives and receives essentially equal value, is recorded on the accrual basis when the exchange takes place. On a modified accrual basis, revenue is recorded in the year in which the resources are measurable and become available. Non-exchange transactions, in which the City receives value without directly giving equal value in return, include property taxes, grants, entitlement and donations. On an accrual basis, revenue from property taxes is recognized in the year for which the tax is levied. Revenue from grants, entitlements and donations is recognized in the year in which all eligibility requirements have been satisfied. Eligibility requirements include timing requirements, which specify the year when the resources are required to be used or the year when use is first permitted, matching requirements, in which the City must provide local resources to be used for a specified purpose, and expenditure requirements, in which the resources are provided to the City on a reimbursement basis. On a modified accrual basis, revenue from non-exchange transactions must also be available before it can be recognized. Unearned revenue arises when assets are recognized before revenue recognition criteria have been satisfied. Grants and entitlements received before eligibility requirements are met are also recorded as unearned revenue. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. 52 assessments rassessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the eceivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the current period. All other revenue items are considered to be measurable and available only when cash is received by the Revenue resulting from exchange transactions, in which each party gives and receives essentially equal value, is recorded Revenue resulting from exchange transactions, in which each party gives and receives essentially equal value, is recorded on the accrual basis when the exchange takes place. On a modified accrual basis, revenue is recorded in the year in which on the accrual basis when the exchange takes place. On a modified accrual basis, revenue is recorded in the year in which the resourcethe resources are measurable and become available. s are measurable and become available. exchange transactions, in which the City receives value without directly giving equal value in return, include property exchange transactions, in which the City receives value without directly giving equal value in return, include property taxes, grants, entitlement and donations. On an accrual basis, revenue from property taxes is recognized in the year for taxes, grants, entitlement and donations. On an accrual basis, revenue from property taxes is recognized in the year for 87 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 1: Summary of Significant Accounting Policies (Continued) The City reports the following major governmental funds: The General fund is the govern It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Municipal State Aid Street fund is used to collect and spend resources on the various projects related to state aid streets and highways. The Pavement Management Plan fund collects and allocates resources related to the repair and maintenance of roads within the city. The Project Construction fund is used to collect and spend resources related to various construction projects within the city. The City reports the following major proprietary funds: The Water fund and the Sewer fund account for activities related to the operation of a water distribution system and a sanitary sewer distribution system, respectively. The Sewer Fund is used to account for the provision of water services to the residents of the City who have sanitary sewer service available. The Storm Water Fund system. Internal service funds account for insurance, compensated absences, fleet management, and IT services provided to other departments or agencies of the City. These funds are used to account for the insurance costs incurred by the cles, and IT services provided to various City functions. These funds are reimbursed through charges to the various participating departments of the City. As a general rule the effect of interfund activity has been eliminated from government-wide financial statements. Exceptions to this general rule are payments in-lieu of taxes, payments where the amounts are reasonably equivalent in value to the interfund services provided and functions of the City. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned. Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary service funds are charges to customers for sales and services. Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. 53 Sewer FundSewer Fund is used to account for the provision of water services to the residents of the City who have sanitary is used to account for the provision of water services to the residents of the City who have sanitary sewer service available.sewer service available. Storm Water FundStorm Water Fund system.system. Internal service fundsInternal service funds account for account for insurance, compensated absences, fleet management, and ITinsurance, compensated absences, fleet management, and IT services provided to services provided to 88 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 1: Summary of Significant Accounting Policies (Continued) D. Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources and Net Position/Fund Balance Deposits and Investments Cash balances from all funds are combined and invested to the extent available in short term investments. Earnings from the pooled investments are allocated to the individual funds based on the average monthly cash and investment balances of the respective funds. The City s cash and cash equivalents are considered to be cash on hand, demand deposits and short-term investments.-wide cash and temporary investments pool is considered to be cash and cash equivalents for purposes of the Statement of Cash Flows. Cash balances from all funds are pooled and invested, to the extent available, in certificates of deposit and other authorized investments. Earnings from such investments are allocated on the basis of applicable participation by each of the funds. The City may also invest idle funds as authorized by Minnesota statutes, as follows: 1. Direct obligations or obligations guaranteed by the United States or its agencies. 2. Shares of investment companies registered under the Federal Investment Company Act of 1940 and received the highest credit rating, rated in one of the two highest rating categories by a statistical rating agency, and have a final maturity of thirteen months or less. 3. General 4. 5.Obligation of a school district with an original maturity not exceeding 13 months and (i) rated in the highest category by a national bond rating service or (ii) enrolled in the credit enhancement program pursuant to statute section 126C.55. 6. 7. Commercial paper issued by United States banks corporations or their Canadian subsidiaries, of highest quality category by at least two nationally recognized rating agencies, and maturing in 270 days or less. 8. Repurchase or reverse repurchase agreements and securities lending agreements with financial institutions with capitalization exceeding $10,000,000, a primary reporting dealer in U.S. government securities to the Federal Reserve Bank of New York, or certain Minnesota securities broker-dealers. 9. Guaranteed branch of a foreign bank, a United States insurance company, or its Canadian subsidiary, whose similar debt obligations were rated in one of the top two rating categories by a nationally recognized rating agency. The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. 54 Shares Shares of investment companies registered under the Federal Investment Company Act of 1940 and received the of investment companies registered under the Federal Investment Company Act of 1940 and received the highest credit rating, rated in one of the two highest credit rating, rated in one of the two highest rating categories by a statistical rating agency, and have a highest rating categories by a statistical rating agency, and have a final maturity of thirteen months or less.final maturity of thirteen months or less. General General Obligation of a school district with an original maturity not exceeding 13 months and (i) rated in the highest Obligation of a school district with an original maturity not exceeding 13 months and (i) rated in the highest 89 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 1: Summary of Significant Accounting Policies (Continued) The City has the following recurring fair value measurements as of December 31, 2023: Negotiable certificates of deposits, government and municipal bonds of $11,998,562 are valued using a matrix pricing model (Level 2 inputs) Property Taxes Property taxes are submitted to the County Auditor by December of each year, to be levied on January 1 on property values assessed as of the same date. The tax levy notice is mailed in March with the first half payment due on May 15 and the second half payment due on October 15. Unpaid taxes at December 31 become liens on the respective property and are classified in the fund financial statements as delinquent taxes receivable. Delinquent taxes receivable include the past six years' uncollected taxes. Delinquent taxes have been offset by a deferred inflow of resources for taxes not received within 60 days after year end in the governmental fund financial statements. Accounts Receivable All miscellaneous accounts receivable are shown at net of an allowance for doubtful accounts. Accounts receivable include amounts billed for services, such as water, sewer, storm water and nuisance charges, provided before year end. Unbilled utility enterprise fund receivables are also included for services provided in 2023. The City annually certifies delinquent water, sewer, storm water and nuisance accounts to the County for collection in the following year. Therefore, there has been no allowance for doubtful accounts established. All trade (utility) and property tax receivables are shown at gross amount, since both taxes and trade (utility) receivables are assessable to the property taxes and are collectible upon the sale of the assessed property. Lease Receivable revenue. The variable payments are recorded as an inflow of resources in the period the payment is received. A deferred inflow of resources is recorded for the lease. The deferred inflow of resources is recorded at the initiation of the lease in an amount equal to the initial recording of the lease receivable. The deferred inflow of resources is amortized on a straight-line basis over the term of the lease. Due From Other Governments The amounts due from other government primarily include amounts for project cost in which the City is receiving grants to support the projects. Special Assessments Special assessments represent the financing for public improvements paid for by benefiting property owners. These assessments are recorded as receivables upon certification to the County. Special assessments are recognized as revenue when they are received in cash or within 60 days after year end. All governmental special assessments receivable are offset by a deferred inflow of resources in the fund financial statements. At December 31, 2023, the total delinquent special assessment receivable balance is $89,201. 55 All miscellaneous accounts receivable are shown at net of an allowance for doubtful accounts. All miscellaneous accounts receivable are shown at net of an allowance for doubtful accounts. Accounts receivable Accounts receivable include amounts billed for servicesinclude amounts billed for services, such as water, sewer, storm water and nuisance charges, , such as water, sewer, storm water and nuisance charges, provided before year end. provided before year end. Unbilled utility enterprise fund receivables are also included for services provided in Unbilled utility enterprise fund receivables are also included for services provided in 2023. The City annu. The City annually certifies ally certifies delinquent water, delinquent water, sewer,storm waterstorm water and nuisanceand nuisance accounts to the County for collection in the following year. Therefore, accounts to the County for collection in the following year. Therefore, there has been no allowance for doubtful accounts established.there has been no allowance for doubtful accounts established. All trade (utility) and property tax receivables are shown at gross amount, since both taxes and trade (utility) receivables All trade (utility) and property tax receivables are shown at gross amount, since both taxes and trade (utility) receivables are assessable to the property taxes and are collectible upon the sale of the assessed property.are assessable to the property taxes and are collectible upon the sale of the assessed property. 90 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 1: Summary of Significant Accounting Policies (Continued) Interfund Receivables and Payables Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal -current portion of interfund loans). All other outstanding balances between funds are reported the governmental activities and business-type activities are reported in the government- Inventories and Prepaid Items All inventories are valued at cost using the first in/first out (FIFO) method. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. Prepaid items are reported using the consumption method and recorded as expenditures/expenses at the time of consumption. Capital Assets Capital assets, which include property, buildings, improvements, equipment, and infrastructure assets are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. Such assets are capitalized at historical cost, or estimated historical cost for assets where actual historical cost is not available. Donated assets are recorded as capital assets at their acquisition value at the date of donation. The City defines capital assets as those with an initial, individual cost of $5,000 or more for government-wide and $5,000 for proprietary funds with an estimated useful life in excess of one year. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. As allowed by accounting principles generally accepted in the United States of America, the City has elected not to retroactively capitalize the infrastructure of its governmental activities acquired prior to January 1, 2004. Capital assets are recorded in the government-wide and proprietary fund financial statements, but are not reported in the governmental fund financial statements. Capital assets are depreciated using the straight-line method over their estimated useful lives. Land and construction in progress are not depreciated. Property, plant and equipment of the City is depreciated using the straight line method over the following estimated useful lives: Deferred Outflows of Resources In addition to assets, the statement of net position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City has only one item that qualifies for reporting in this category. Accordingly, the item, deferred pension resources, is reported only in the statements of net position. This item results from actuarial calculations and current year pension contributions made subsequent to the measurement date. 56 Capital assets, which include property, buildings, improvements, equipment, and infrastructure assets are reported in the Capital assets, which include property, buildings, improvements, equipment, and infrastructure assets are reported in the applicable governmental or businessapplicable governmental or business--type activities columns in the governmenttype activities columns in the government--wide financial statements. Such assets wide financial statements. Such assets are capitalized aare capitalized at historical cost, or estimated historical cost for assets where actual historical cost is not available. t historical cost, or estimated historical cost for assets where actual historical cost is not available. Donated assets are recorded as capital assets at their acquisition value at the date of donation. The City defines capital Donated assets are recorded as capital assets at their acquisition value at the date of donation. The City defines capital assets as those with an iniassets as those with an initial, individual cost of $5,000 or more for governmenttial, individual cost of $5,000 or more for government--wide and $5,000 for proprietary funds wide and $5,000 for proprietary funds with an estimated useful life in excess of one year. The cost of normal maintenance and repairs that do not add to the with an estimated useful life in excess of one year. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend assevalue of the asset or materially extend asset lives are not capitalized. As allowed by accounting principles generally t lives are not capitalized. As allowed by accounting principles generally accepted in the United States of America, the City has elected not to retroactively capitalize the infrastructure of its accepted in the United States of America, the City has elected not to retroactively capitalize the infrastructure of its governmental activities acquired prior to January 1, 2004.governmental activities acquired prior to January 1, 2004. 91 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 1: Summary of Significant Accounting Policies (Continued) Compensated Absences Certain City employees earn personal time off, vacation, compensation time, and sick leave at various rates based on longevity. These compensated absences are paid to an employee leaving in good standing, at their current rate of pay, with the exception of sick leave in which one-half is paid to the departing employee. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements. For the most part, the General fund is typically used to liquidate governmental compensated absences payable. Postemployment Benefits other than Pensions Under Minnesota statute 471.61, subdivision 2b, public employers must allow retirees and their dependents to continue coverage indefinitely in an employer-sponsored health care plan, under the following conditions: 1) Retirees must be receiving (or eligible to receive) an annuity from a Minnesota public pension plan, 2) Coverage must continue in a group plan until age 65, and retirees must pay no more than the group premium, and 3) Retirees are able to add dependent coverage during open enrollment period or qualifying life event prior to retirement. All premiums are funded on a pay-as- you-go basis. The liability was determined, in accordance with GASB Statement No. 75, at January 1, 2021. The General fund is typically used to liquidate governmental other postemployment benefits payable. Long-term Obligations In the government-wide financial statements, and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund type statement of net position. The recognition of bond premiums and discounts are amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as an expense in the period incurred. In accordance with federal s follow the arbitrage requirements. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Pensions For purposes of measuring the net pension liability, deferred outflows/inflows of resources, and pension expense, information about the fiduciary net position of the Public Employees Retirement Association (PERA) and additions except that PERA For this purpose, plan contributions are recognized as of employer payroll paid dates and benefit payments and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. For the most part, the General fund is typically used to liquidate governmental pension liabilities. 57 ObliObligationsgationsObliObli In the governmentIn the government-wide financial statements, and proprietary fund types in the fund financial statements, longwide financial statements, and proprietary fund types in the fund financial statements, long -term debt and other longand other long--term obligations are reported as liabilities in the applicable governmental activities, businessobligations are reported as liabilities in the applicable governmental activities, business -type activities, or proprietary fund tactivities, or proprietary fund type statement of net position. ype statement of net position. The recognition of bond premiums and discounts are The recognition of bond premiums and discounts are amortized over the life of the bonds uamortized over the life of the bonds using the straightsing the straight-line method. line method. Bonds payable are reported net of the applicBonds payable are reported net of the applicable bond premium or discount. premium or discount. Bond issuance costs are reported as an expense in the period incurred. Bond issuance costs are reported as an expense in the period incurred. In accordance with federal In accordance with federal s follow the arbitrage requirements.s follow the arbitrage requirements. 92 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 1: Summary of Significant Accounting Policies (Continued) The City participates in various pension plans, total pension expense for the year ended December 31, 2023 is as follows: Deferred Inflows of Resources In addition to liabilities, the statement of net position and fund financial statements will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has four types of items, which arise only under a modified accrual basis of accounting that qualifies as needing to be reported in this category. Accordingly, the item, unavailable revenue, is reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from three sources: delinquent property taxes, special assessments and intergovernmental revenue. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. The City also recognizes a deferred lease resources, which is reported under both the modified accrual and full accrual basis Furthermore, the City has one additional item which qualifies for reporting in this category on the statement of net position. The item, deferred pension resources, is reported only in the statement of net position and results from actuarial calculations involving net differences between projected and actual earnings on plan investments and changes in proportions. Net Position Net position represents the difference between assets and deferred outflows of resources and liabilities and deferred inflows of resources. Net position is displayed in three components: a. Net investment in capital assets - Consists of capital assets, net of accumulated depreciation reduced by any outstanding debt attributable to acquire capital assets. a. Restricted net position - Consists of net position balances restricted when there are limitations imposed on their use through external restrictions imposed by creditors, grantors, laws or regulations of other governments. b. Unrestricted net position - first, then unrestricted resources as they are needed. 58 accounting that qualifies as needing to be reported in this category. Accordingly, the item, unavailable revenue, is accounting that qualifies as needing to be reported in this category. Accordingly, the item, unavailable revenue, is reported only in the governmental funds balance sheet. The governmental funds reportreported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from tunavailable revenues from t sources: delinquent property taxessources: delinquent property taxes, special assessments, special assessments and and intergovernintergovernmental revenuemental revenue. These amounts are deferred . These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. The City also recognizes a and recognized as an inflow of resources in the period that the amounts become available. The City also recognizes a deferred lease deferred lease resources, which is reported under both the modified accrual and full accrual basis, which is reported under both the modified accrual and full accrual basis Furthermore, the City has Furthermore, the City has one one additional item which qualifadditional item which qualifiesies for reporting in this category on the statement of net for reporting in this category on the statement of net position. Theposition. The item, deferred pension resources, item, deferred pension resources, isis reported only in thereported only in the statement of net position and results from actuarial statement of net position and results from actuarial calculations involving net differences between projected and actualcalculations involving net differences between projected and actual earnings on plan investments and changes in earnings on plan investments and changes in 93 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 1: Summary of Significant Accounting Policies (Continued) Fund Balance In the fund financial statements, fund balance is divided into five classifications based primarily on the extent to which the City is bound to observe constraints imposed upon the use of resources reported in the governmental funds. These classifications are defined as follows: Nonspendable - Amounts that cannot be spent because they are not in spendable form, such as prepaid items. Restricted - Amounts related to externally imposed constraints established by creditors, grantors or contributors; or constraints imposed by state statutory provisions. Committed - Amounts constrained for specific purposes that are internally imposed by formal action (resolution) of -making authority. Committed amounts cannot be used for any other purpose unless the City Council modifies or rescinds the commitment by resolution. Assigned - restricted nor committed. Pursuant to the Fund Balance Policy approved by City Council, the City Administrator has been delegated the authority to assign and remove assignments of fund balance amounts for specific purposes. Unassigned - These are residual amounts in the General fund not reported in any other classification. The General fund is the only fund that can report a positive unassigned fund balance. Other funds would report a negative unassigned fund balance should the total of nonspendable, restricted and committed fund balances exceed the total net resources of that fund. The City considers restricted amounts to be spent first when both restricted and unrestricted fund balance is available. Additionally, the City would first use committed, then assigned, and lastly unassigned amounts of unrestricted fund balance when expenditures are made. The City formally adopted a fund balance policy for the General Fund. The policy establishes a year-end target unassigned to the Pavement Management Plan Fund pursuant to Council approval. Note 2: Stewardship, Compliance and Accountability A. Budgetary Information Each fall, after holding a meeting to obtain public comments, the City Council legally adopts the General Fund budget. These budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America. The City has established budgetary control at the department level. City management must request City Council approval before exceeding the budget at that level. City management may transfer appropriations within the department level without City Council approval. Appropriations lapse at year-end; however, the City Council may approve the carryover of specific amounts. Encumbrance accounting is not used. 59 UnassignedUnassigned -These are residual amounts in the General fund not reported in any other classification. The General These are residual amounts in the General fund not reported in any other classification. The General fund is the only fund that can report a positive unassigned fund balance. Other funds would report a negative fund is the only fund that can report a positive unassigned fund balance. Other funds would report a negative unassigned fund balance should the total ounassigned fund balance should the total of nonspendable, restricted and committed fund balances exceed the total f nonspendable, restricted and committed fund balances exceed the total net resources of that fund.net resources of that fund. The City considers restricted amounts to be spent first when both restricted and unrestricted fund balance is available. The City considers restricted amounts to be spent first when both restricted and unrestricted fund balance is available. Additionally, the City would first use committed, then assigned, and lastly unassigned amounts of unrestricted fund Additionally, the City would first use committed, then assigned, and lastly unassigned amounts of unrestricted fund balance when expenditures are made.balance when expenditures are made. 94 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 2: Stewardship, Compliance and Accountability (Continued) B. Excess of Expenditures Over Appropriations For the year ended December 31, 2023, expenditures exceeded appropriations in the following fund: Excess of Expenditures Over Budget Actual Appropriations Major General Fund 10,593,270$ 10,826,241$ 232,971$ Fund These excess expenditures were funded by excess fund balance and greater than anticipated revenues. C. Deficit Fund Equity The following fund had a fund equity deficit at December 31, 2023: The fund deficits are expected to be eliminated with future fund revenues or transfers from other funds. Note 3: Detailed Notes on All Funds A. Deposits and Investments Deposits Custodial credit risk for deposits and investments is the risk that in the event of a bank investments may not be returned or the City will not be able to recover collateral securities in the possession of an outside party. In accordance with Minnesota statutes and as authorized by the City Council, the City maintains deposits at depository banks, all of which are members of the Federal Reserve System. Minnesota statutes require that all City deposits be protected by insurance, surety bond or collateral. The market value of collateral pledged must equal 110 percent of the deposits not covered by insurance or bonds, with the exception of irrevocable standby letters of credit issued by Federal Home Loan Banks as this type of collateral only requires collateral pledged equal to 100 percent of the deposits not covered by insurance or bonds. 60 95 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) Authorized collateral in lieu of a corporate surety bond includes: United States government Treasury bills, Treasury notes, Treasury bonds; Issues of United States government agencies and instrumentalities as quoted by a recognized industry quotation service available to the government entity; national bond rating service, or revenue obligation securities of any state or local government with taxing powers tter by a national bond rating service; General obligation securities of a local government with taxing powers may be pledged as collateral against funds deposited by that same local government entity; Irrevocable standby letters of credit issued by Federal Home Loan Banks to a municipality accompanied by Time deposits that are fully insured by any federal agency. Minnesota statutes require that all collateral shall be placed in safekeeping in a restricted account at a Federal Reserve Bank, or in an account at a trust department of a commercial bank or other financial institution that is not owned or controlled by the financial institution furnishing the collateral. The selection should be approved by the government entity. $795,468 and the bank balance was $867,872. The bank balance was covered by federal depository insurance . Investments The Minnesota Municipal Money Market Fund (the 4M Fund) is regulated by Minnesota statutes and the Board of Directors of the League of Minnesota Cities and is a customized cash management and investment program for Minnesota public funds. Sponsored and governed by the League of Minnesota Cities since 1987, the 4M Fund is a unique investment alternative designed to address the daily and long-term investment needs of Minnesota cities and other municipal entities. Allowable under Minnesota statutes, the 4M Fund is comprised of top quality, rated investments. The Minnesota Municipal Money Market Fund and broker money market investment pools operate in accordance with appropriate State laws and regulations. The 4M Fund is an external investment pool not registered with the Securities and Exchange Commission (SEC); however, it follows the same regulatory rules of the SEC under rule 2a7. The reported value of the pool is the same as the fair value of the pool share. Financial statements of the 4M Fund can be obtained by contacting RBC Global Asset Management at 100 South Fifth Street, Suite 2300, Minneapolis, MN 55402-1240. 61 Time deposits that are fully insured by any federal agency.Time deposits that are fully insured by any federal agency. Minnesota statutes require that all collateral shall be placed in safekeeping in a restricted account at a Federal Reserve Minnesota statutes require that all collateral shall be placed in safekeeping in a restricted account at a Federal Reserve Bank, or in an account at a trust department of a commercial bank or other financial institution that is not owned or Bank, or in an account at a trust department of a commercial bank or other financial institution that is not owned or controlled by tcontrolled by the financial institution furnishing the collateral. The selection should be approved by the government entity. he financial institution furnishing the collateral. The selection should be approved by the government entity. $$795795,4,46868 and the bank balance was and the bank balance was $867,872. . TThe bank he bank was covered by federal depository insurancewas covered by federal depository insurance . 96 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) investment balances were as follows: (1) Ratings are provided by where applicable to indicate associated credit risk. (2) Interest rate risk in disclosed using the segmented time distribution method. N/A Indicates not applicable or available. The investments of the City are subject to the following risks: Interest Rate Risk -Interest Rate Risk is the risk that changes in interest rates will adversely affect the fair value of an investment. duration of investments to a maturity of eight years, and twenty percent (20 percent) of the portfolio to a specific maturity. The City was not exposed to interest rate risks due to the fact that their investments are not exposed to highly sensitive changes in interest rates. Credit Risk - Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. Ratings are provided by various credit rating agencies and where applicable, indicate associated page 56 of the notes to the financial statements. In accordance with its investment policy, the City will minimize credit risk by limiting investments to the safest types of securities, pre-qualifying the financial institutions, broker/dealers, intermediaries, and advisers with which the City will do business, and diversifying the investment portfolio so that the impact of potential losses from any one type of security or from any one individual issuer will be minimized. Reverse repurchase agreements Mortgage-backed securities, as defined in Minnesota Statute § 118A.04, Subd. 6 Future contracts Options Guaranteed investment contracts 62 Interest rate risk in disclosed using the segmented time distribution method.Interest rate risk in disclosed using the segmented time distribution method. Indicates not applicable or available.Indicates not applicable or available. The investments of the City are The investments of the City are subject to the following risks:subject to the following risks: Interest Rate RiskInterest Rate Risk --Interest Rate RiskInterest Rate Risk isis the risk that changes in interest rates will adversely affect ththe risk that changes in interest rates will adversely affect the fair value of an investment. an investment. duration of duration of investments to a maturity of eight years, and twenty percent (20 percent) of the portfolio to a specific maturity.investments to a maturity of eight years, and twenty percent (20 percent) of the portfolio to a specific maturity. The City was not exposed to interest rate risks due to the fact that their investments are not exposed to highly The City was not exposed to interest rate risks due to the fact that their investments are not exposed to highly 97 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) Concentration of Credit Risk - Concentration of credit risk is defined as positions of five percent (5 percent) or more in the securities of a single issuer. to 35% of a specific type. As of December 31, 2023, the following issuer exceeded 5 percent of the Ci investments: MN Municipal Money Markets (4M) (40 percent). Custodial Credit Risk - Deposits. In the case of deposits, this is the risk that in the event of a bank failure, the City's deposits may not be returned to it. Minnesota statutes and the City's investment policy states that in order to provide a level of security for all funds, the collateralization level will be 110 percent of market value not covered by insurance. and must have a minimum capital and surplus of $10,000,000 and a net worth to asset ratio minimum of 5 percent As of December 31, 2023, all of the City's bank balance was covered by federal depository insurance or by perfected collateral held by the City's agent in the City's name. Custodial Credit Risk - Investments. For an investment, this is the risk that, in the event of the failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities that are in possession of an outside party. As of December 31, 2023, all securities were held by the City or its agent in the City's name. The City typically limits its exposure by purchasing insured or registered investments, or by the control of who holds the securities. City investment policies require that security/broker/dealers be restricted to those regulated by the Securities and Exchange Commission, have a minimum capital of $40,000,000 and may investments with a specific dealer to 30 percent of the investment portfolio. A reconciliation of cash and temporary investments as shown on the statement of net position for the City follows: 63 control of who holds the securities. City investment policies require that security/broker/dealers be restricted to control of who holds the securities. City investment policies require that security/broker/dealers be restricted to those regulated by the Securities and Exchthose regulated by the Securities and Exchange Commission, have a minimum capital of $40,000,000 and may ange Commission, have a minimum capital of $40,000,000 and may investments wiinvestments with a specific dealer to 30th a specific dealer to 30 percentpercent of the investment portfolioof the investment portfolio. A reconciliation of cash and temporary investments as shown on the statement of net position for the City A reconciliation of cash and temporary investments as shown on the statement of net position for the City follows: 98 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) B. Capital Assets Capital asset activity for the year ended December 31, 2023 was as follows: Depreciation expense was charged to functions of the governmental activities as follows: Governmental Activities General Government 216,669$ Public Safety 283,529 Public Works 539,171 Culture and Recreation 118,397 Total Depreciation Expense - Governmental Activities 1,157,766$ 64 99 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) Depreciation expense was charged to programs of the business-type activities as follows: Business-type Activities Water 169,003$ Sewer 380,677 Storm water 66,135 Cable 16,395 Golf course 3,927 Total Depreciation Expense - Business-type Activities 636,137$ 65 100 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) C. Construction Commitments The City has active construction projects as of December 31, 2023. The projects include street and road improvements, the public works facility and the watermain replacement project as follows: D. Lease Receivable As of December 31, 2023, the City had the following lease receivables: Under the Verizon Antenna lease, Verizon pays the City $52,141 per year in exchange for placing a cell phone antenna on a City owned building. The city is paid these amounts each January, with a 3% increase each year until 2036. Under the T Mobile Antenna lease agreement, T Mobile pays the City $53,569 per year in exchange for placing a cell phone antenna on a City owned building. The city is paid these amounts each June, with a 5% increase each year until 2029. E. Interfund Receivables, Payables and Transfers The composition of interfund balances at December 31, 2023 is as follows: Purpose Amount General Fund Municipal State Aid Street To provide cash flows 1,504,286$ Senior Housing TIF HRA General Fund Loan for Land Purchase 601,467 Total 2,105,753$ Payable FundReceivable Fund 66 101 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) The City made transfers during the fiscal year 2023 as shown and described below: The City annually budgets transfers for specific purposes. Annual transfers include transfers made to cover funds annual operations, transfers for debt service payments, transfers made as part of capital improvements plans and other transfers made for various reasons. F. Long-term Debt General Obligation Improvement (G.O.) Bonds The bonds were issued to finance various improvements and will be repaid from taxes, special assessments, and pledged revenues. 67 operations, transfers for debt service payments, transfers made as part of capital improvements plans and other transfers operations, transfers for debt service payments, transfers made as part of capital improvements plans and other transfers made for varimade for various reasons.ous reasons. term term Debt ObligationObligation ImprovementImprovement (GG..OO.) Bonds.) Bonds The bonds were issued to finance variousThe bonds were issued to finance various improvements and will be repaid from taxesimprovements and will be repaid from taxes, special assessments,assessments,and pledged 102 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) Annual debt service requirements to maturity for G.O. improvement bonds are as follows: Year Ending December 31, Principal Interest Total 2024 595,000$ 407,144$ 1,002,144$ 2025 615,000 387,275 1,002,275 2026 635,000 366,519 1,001,519 2027 655,000 344,557 999,557 2028 680,000 321,538 1,001,538 2029-2033 2,595,000 1,300,245 3,895,245 2034-2038 2,625,000 996,220 3,621,220 2039-2043 2,885,000 723,620 3,608,620 2044-2048 3,190,000 422,308 3,612,308 2049-2051 2,080,000 88,924 2,168,924 Total 16,555,000$ 5,358,350$ 21,913,350$ Governmental Activities Financed Purchase Agreement This agreement was issued to finance the purchase of a fire truck in 2023. Authorized Issue Maturity Balance at and Issued Date Date Year End Governmental Activites Fire Truck Financed Purchase Agreement 484,900$ 5.00 % 12/01/23 12/01/29 484,900$ Interest Description Rate 68 103 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) Annual debt service requirements to maturity for the financed purchase agreements is as follows: Changes in Long-term Liabilities Long-term liability activity for the year ended December 31, 2023 was as follows: 69 104 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 3: Detailed Notes on All Funds (Continued) G. Components of Fund Balance Fund equity balances are classified below to reflect the limitations and restrictions of the respective funds. 70 105 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 4:Defined Benefit Pension Plans - Statewide A. Plan Description General Employees Retirement Plan Public Employees Police and Fire Plan B. Benefits Provided General Employee Plan Benefits The City participates in the following cost-sharing multiple-employer defined benefit pension plans administered by the are tax qualified plans under Section 401(a) of the Internal Revenue Code. All full-time and certain part-time employees of the City are covered by the General Employees Plan. General Employees Plan members belong to the Coordinated Plan. Coordinated Plan members are covered by Social Security. The Police and Fire Plan, originally established for police officers and firefighters not covered by a local relief association, now covers all police officers and firefighters hired since 1980. Effective July 1, 1999, the Police and Fire Plan also covers police officers and firefighters belonging to a local relief association that elected to merge with and transfer assets and administration to PERA. PERA provides retirement, disability and death benefits. Benefit provisions are established by state statute and can only be modified by the state Legislature. Vested, terminated employees who are entitled to benefits but are not receiving them yet are bound by the provisions in effect at the time they last terminated their public service. Benefit increases are provided to benefit recipients each January. The postretirement increase is equal to 50 percent of the cost-of-living adjustment (COLA) announced by the SSA, with a minimum increase of at least 1 percent and a maximum of 1.5 percent. Recipients that have been receiving the annuity or benefit for at least a full year as of the June 30 before the effective date of the increase will receive the full increase. Recipients receiving the annuity or benefit for at least one month but less than a full year as of the June 30 before the effective date of the increase will receive a reduced prorated increase. In 2023, legislation repealed the statute delaying increases for members retiring before full retirement age. allowable service, age, and years of credit at termination of service. Two methods are used to compute benefits for PERA's Coordinated Plan members. Members hired prior to July 1, 1989, receive the higher of Method 1 or Method 2 formulas. Only Method 2 is used for members hired after June 30, 1989. Under Method 1, the accrual rate for Coordinated members is 1.2 percent of average salary for each of the first 10 years of service and 1.7 percent of average salary for each additional year. Under Method 2, the accrual rate for Coordinated members is 1.7 percent for average salary for all years of service. For members hired prior to July 1, 1989 a full annuity is available when age plus years of service equal 90 and normal retirement age is 65. For members hired on or after July 1, 1989 normal retirement age is the age for unreduced Social Security benefits capped at 66. 71 B. Benefits ProvidedB. Benefits Provided General Employee Plan BenefitsGeneral Employee Plan Benefits PERA provides retirement, disability and death benefits. Benefit provisions are established by state statute and can only PERA provides retirement, disability and death benefits. Benefit provisions are established by state statute and can only be modified by the state Legislature. Vested, terminated employees who are entitled to benefits but are not receiving be modified by the state Legislature. Vested, terminated employees who are entitled to benefits but are not receiving them yet are bound by the provisions in effect at the time they last terminated their public service.them yet are bound by the provisions in effect at the time they last terminated their public service. 106 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 4:Defined Benefit Pension Plans - Statewide (Continued) Police and Fire Plan Benefits C. Contributions General Employees Fund Contributions Police and Fire Fund Contributions Benefits for Police and Fire Plan members first hired after June 30, 2010, but before July 1, 2014, vest on a prorated basis from 50 percent after five years up to 100 percent after ten years of credited service. Benefits for Police and Fire Plan members first hired after June 30, 2014 vest on a prorated basis from 50 percent after ten years up to 100 percent after twenty years of credited service. The annuity accrual rate is 3 percent of average salary for each year of service. For Police and Fire Plan members who were first hired prior to July 1, 1989, a full annuity is available when age plus years of service equal at least 90. Benefit increases are provided to benefit recipients each January. The postretirement increase is fixed at 1 percent. Recipients that have been receiving the annuity or benefit for at least 36 months as of the June 30 before the effective date of the increase will receive the full increase. Recipients receiving the annuity or benefit for at least 25 months but less than 36 months as of the June 30 before the effective date of the increase will receive a reduced prorated increase. Minnesota statutes, chapter 353 sets the rates for employer and employee contributions. Contribution rates can only be modified by the state Legislature. Coordinated Plan members were required to contribute 6.50 percent of their annual covered salary in fiscal year 2023 General Employees Fund for the years ending December 31, 2023, 2022 and 2021 were $203,588, $178,034 and statute. Police and Fire Plan members were required to contribute 11.80 percent of their annual covered salary in fiscal year the Police and Fire Fund for the years ending December 31, 2023, 2022 and 2021 were $546,390, $460,205 and statute. 72 General Employees Fund ContributionsGeneral Employees Fund Contributions Minnesota statutes, chapter 353 sets the rates for employer and employee contributions. Contribution rates can only be Minnesota statutes, chapter 353 sets the rates for employer and employee contributions. Contribution rates can only be modified by the state Legislature. modified by the state Legislature. Coordinated Plan members were required to contribute 6.50 percent of their annual covered salary in fiscal year 2023 Coordinated Plan members were required to contribute 6.50 percent of their annual covered salary in fiscal year 2023 General Employees Fund for the years ending December 31, 2023, 2022 and 2021 were $203,588, $178,034 and General Employees Fund for the years ending December 31, 2023, 2022 and 2021 were $203,588, $178,034 and 107 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 4:Defined Benefit Pension Plans - Statewide (Continued) D. Pension Costs General Employees Fund Pension Costs City Proportionate Share of the Net Pension Liability 1,800,588$ State of Minnesota's Proportionate Share of the Net Pension Liability Associated with the City 49,654 Total 1,850,242$ Deferred Deferred Outflows Inflows of Resources of Resources Differences Between Expected and Actual Economic Experience 58,294$ 10,247$ Changes in Actuarial Assumptions 242,132 493,526 Net Difference Between Projected and Actual Investment Earnings - 2,425 Changes in Proportion 114,742 - Contributions Paid to PERA Subsequent to the Measurement Date 100,110 - Total 515,278$ 506,198$ For the year ended December 31, 2023, the City recognized pension expense of $373,657 for its proportionate share of Fund. resources and deferred inflows of resources related to pensions from the following sources: At December 31, 2023, the City reported a liability of $1,800,588 for its proportionate share of the General Employees pension liability associated with the City totaled $49,654. The net pension liability was measured as of June 30, 2023, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of PERA during the measurement period for employer payroll paid dates from July 1, 2022 through June 30, 2023 relative was 0.0322 percent at the end of the measurement period and 0.0303 percent for the beginning of the period. 73 State of Minnesota's Proportionate Share of the Net PensionState of Minnesota's Proportionate Share of the Net Pension Liability Associated with the CityLiability Associated with the City 49,65449,654 1,850,242$ $ For the year ended December 31, 2023, the City recognized pension expense of $373,657 for its proportionate share of For the year ended December 31, 2023, the City recognized pension expense of $373,657 for its proportionate share of 108 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 4:Defined Benefit Pension Plans - Statewide (Continued) 109,724$ (190,125) 28,431 (39,060) Police and Fire Fund Pension Costs City Proportionate Share of the Net Pension Liability 3,792,207$ State of Minnesota's Proportionate Share of the Net Pension Liability Associated with the 152,722 Total 3,944,929$ The State of Minnesota is included as a non-employer contributing entity in the Police and Fire Retirement Plan Schedule of Employer Allocations and Schedule of Pension Amounts by Employer, Current Reporting Period Only (pension allocation schedules) for the $9 million in direct state aid. Police and Fire Plan employers need to recognize their situation accounting and financial reporting requirements. For the year ended December 31, 2023, the City recognized City recognized an additional $9,198 as negative pension expense (grant revenue) for its proportionate share of the 2027 net pension liability. The net pension liability was measured as of June 30, 2023, and the total pension liability used to employer payroll paid dates from July 1, 2022 through June 30, 2023, relative to the total employer contributions measurement period and 0.2234 percent for the beginning of the period. The State of Minnesota is not included as a non-employer contributing entity in the Police and Fire Pension Plan pension allocation schedules for the $9 million in supplemental state aid. The City recognized $19,764 for the year ended December 31, 2023 as revenue and an offsetting reduction of net pension liability for its proportionate share of the State subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31, 2024. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: 2024 2025 2026 The State of Minnesota contributed $18 million to the Police and Fire Fund in the plan fiscal year ended June 30, 2023. The contribution consisted of $9 million in direct state aid that does meet the definition of a special funding situation and $9 million in supplemental state aid that does not meet the definition of a special funding situation. The $9 million direct state was paid on October 1, 2022. Thereafter, by October 1 of each year, the state will pay $9 million to the Police and Fire Fund until full funding is reached or July 1, 2048, whichever is earlier. The $9 million in supplemental state aid will continue until the fund is 90 percent funded, or until the State Patrol Plan (administered by the Minnesota State Retirement System) is 90 percent funded, whichever occurs later. The State of Minnesota's proportionate share of the net pension liability associated with the City totaled $152,722. 74 measurement period and 0.2234 percent for the beginning of the period.measurement period and 0.2234 percent for the beginning of the period. The State of Minnesota contributed $18 million to the Police and Fire Fund in the plan fiscal year ended June 30, 2023. The State of Minnesota contributed $18 million to the Police and Fire Fund in the plan fiscal year ended June 30, 2023. The contribution consisted of $9 million in direct state aid that does meet the definition of a special funding situation The contribution consisted of $9 million in direct state aid that does meet the definition of a special funding situation and $9 million in supplemental state aid that does not meet the definition of a special funding situation. The $9 million and $9 million in supplemental state aid that does not meet the definition of a special funding situation. The $9 million direct state was paid on October 1, 2022. Thereafter, by October 1 of each year, the state will pay $9 million to the Police direct state was paid on October 1, 2022. Thereafter, by October 1 of each year, the state will pay $9 million to the Police and Fire Fund until full funding is reached or July 1, 2048, whichever is earlier. The $9 million in supplemental state aid and Fire Fund until full funding is reached or July 1, 2048, whichever is earlier. The $9 million in supplemental state aid will continue until the fund is 90 percent funded, or until the State Patrol Plan (administered by the Minnesota State will continue until the fund is 90 percent funded, or until the State Patrol Plan (administered by the Minnesota State Retirement System) is 90 percent funded, whichever occurs later. The State of Minnesota's proportionate share of the Retirement System) is 90 percent funded, whichever occurs later. The State of Minnesota's proportionate share of the 109 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 4:Defined Benefit Pension Plans - Statewide (Continued) Deferred Deferred Outflows Inflows of Resources of Resources Differences Between Expected and Actual Economic Experience 1,046,427$ -$ Changes in Actuarial Assumptions 4,409,989 5,331,900 Net Difference Between Projected and Actual Investment Earnings - 102,474 Changes in Proportion 62,434 173,987 Contributions Paid to PERA Subsequent to the Measurement Date 275,895 - Total 5,794,745$ 5,608,361$ 174,523$ 27,914 916,070 (267,149) (940,869) E. Long-term Expected Return on Investment Domestic Equity 33.5 %5.10 % International Equity 16.5 5.30 Fixed Income 25.0 0.75 Private Markets 25.0 5.90 Total 100.0 % Asset Class Allocation Rate of Return resources and deferred inflows of resources from the following sources: subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31, 2024. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: 2024 2025 2026 2027 2028 The State Board of Investment, which manages the investments of PERA, prepares an analysis of the reasonableness on a regular basis of the long-term expected rate of return using a building-block method in which best-estimate ranges of expected future rates of return are developed for each major asset class. These ranges are combined to produce an expected long-term rate of return by weighting the expected future rates of return by the target asset allocation percentages. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table: Long-term Target Expected Real 75 174,523$ $ 27,914 916,070 (267,149) (940,869) E. Long-term Expected Return on InvestmentE. Long-term Expected Return on Investment recognized in pension expense as follows:recognized in pension expense as follows: 110 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 4:Defined Benefit Pension Plans - Statewide (Continued) F. Actuarial Assumptions The following changes in actuarial assumptions and plan provisions occurred in 2023: General Employees Fund Changes in Actuarial Assumptions - The investment return assumption and single discount rate were changed from 6.5 percent to 7.0 percent. Changes in Plan Provisions - The benefit increase delay for early retirements on or after January 1, 2024, was eliminated. Police and Fire Fund Changes in Actuarial Assumptions - The investment return assumption was changed from 6.5 percent to 7.0 percent. - The single discount rate changed from 5.4 percent to 7.0 percent. The total pension liability in the June 30, 2023, actuarial valuation was determined using an individual entry-age normal actuarial cost method. The long-term rate of return on pension plan investments used in the determination of the total liability is 7.0 percent. This assumption is based on a review of inflation and investments return assumptions from a number of national investment consulting firms. The review provided a range of return investment return rates deemed to be reasonable by the actuary. An investment return of 7.0 percent was deemed to be within that range of reasonableness for financial reporting purposes. Inflation is assumed to be 2.25 percent for the General Employees Plan and 2.25 percent for the Police and Fire Plan. Benefit increases after retirement are assumed to be 1.25 percent for the General Employees Plan and 1.00 percent for the the Police and Fire Plan. Salary growth assumptions in the General Employees Plan range in annual increments from 10.25 percent after one year of service to 3.0 percent after 27 years of service. In the Police and Fire Plan, salary growth assumptions range from 11.75 percent after one year of service to 3.0 percent after 24 years of service. Mortality rates for the General Employees Plan are based on the Pub-2010 General Employee Mortality Table. Mortality rates for the Police and Fire Plan is based on the Pub-2010 Public Safety Employee Mortality tables. The tables are Actuarial assumptions for the General Employees Plan are reviewed every four years. The most recent four-year experience study for the General Employees Plan was completed in 2022. The assumption changes were adopted by the Board and became effective with the July 1, 2023 actuarial valuation. The most recent four-year experience study for the Police and Fire Plan was adopted by the Board and became effective with the July 1, 2021 actuarial valuation. - The vesting period of those hired after June 30, 2010, was changed from five years of allowable service to three years of allowable service. - A one-time, non-compounding benefit increase of 2.5 percent minus the actual 2024 adjustment will be payable in a lump sum for calendar year 2024 by March 31, 2024. - An additional one-time direct state aid contribution of $170.1 million will be contributed to the Plan on October 1, 2023. 76 The following changes in actuarial assumptions and plan provisions occurred in 2023: The following changes in actuarial assumptions and plan provisions occurred in 2023: rates for the Police and Fire Plan is based on the Pub-2010 Public Safety Employee Mortality tables. The tables are rates for the Police and Fire Plan is based on the Pub-2010 Public Safety Employee Mortality tables. The tables are Actuarial assumptions for the General Employees Plan are reviewed every four years. The most recent four-year Actuarial assumptions for the General Employees Plan are reviewed every four years. The most recent four-year experience study for the General Employees Plan was completed in 2022. The assumption changes were adopted by the experience study for the General Employees Plan was completed in 2022. The assumption changes were adopted by the Board and became effective with the July 1, 2023 actuarial valuation. The most recent four-year experience study for the Board and became effective with the July 1, 2023 actuarial valuation. The most recent four-year experience study for the Police and Fire Plan was adopted by the Board and became effective with the July 1, 2021 actuarial valuation.Police and Fire Plan was adopted by the Board and became effective with the July 1, 2021 actuarial valuation. 111 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 4:Defined Benefit Pension Plans - Statewide (Continued) Changes in Plan Provisions - The total and permanent duty disability benefit was increased, effective July 1, 2023. G. Discount Rate H. Pension Liability Sensitivity 1 Percent 1 Percent Decrease (6.0%)Current (7.0%)Increase (8.0%) General Employees Fund 3,185,385$ 1,800,588$ 661,540$ Police and Fire Fund 7,524,190 3,792,207 724,017 I. Pension Plan Fiduciary Net Position pension liability would be if it were calculated using a discount rate one percentage point lower or one percentage point higher than the current discount rate: report that includes financial statements and required supplementary information. That report may be obtained on the Internet at www.mnpera.org. The discount rate used to measure the total pension liability in 2023 was 7.0 percent. The projection of cash flows used to determine the discount rate assumed that contributions from plan members and employers will be made at rates set in Minnesota statutes. Based on these assumptions, the fiduciary net position of the General Employees and Police and Fire Funds were projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. - Psychological treatment is required effective July 1, 2023 prior to approval for a duty disability benefit for a - The vesting requirement for new hires after June 30, 2014 was changed from a graded 20-year vesting schedule to a graded 10-year vesting schedule, with 50 percent vesting after five years increasing incrementally to 100 percent after 10 years. - A one-time, non-compounding benefit increase of 3.0 percent will be payable in a lump sum for calendar year 2024 by March 31, 2024. - An additional one-time direct state aid contribution of $19.4 million will be contributed to the Plan on October 1, 2023. 77 H. Pension Liability SensitivityH. Pension Liability Sensitivity in Minnesota statutes. Based on these assumptions, the fiduciary net position of the General Employees and Police and in Minnesota statutes. Based on these assumptions, the fiduciary net position of the General Employees and Police and Fire Funds were projected to be available to make all projected future benefit payments of current plan members. Fire Funds were projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.benefit payments to determine the total pension liability. 112 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 5: Postemployment Benefits Other Than Pensions A. Plan Description The City provides a single-employer defined benefit health care plan to eligible retirees and their spouses. The plan offers medical coverage and is administered by Health Partners, Inc. medical coverage, and to obtain requests for proposals in order to provide the most favorable benefits and premiums for City employees and retirees. The City does not issue a publicly available report. Inactive Plan Members or Beneficiaries Currently Receiving Benefit Payments 3 Active Plan Members 52 Total Plan Members 55 B. Funding Policy Retirees receiving benefits contribute 100 percent of their premium costs. Retirees and their spouses contribute to the health care plan at the same rate as City employees. This results in the retirees receiving an implicit rate subsidy. Contribution requirements are established by the City, based on the contract terms with HealthPartners, Inc. The required contributions are based on projected pay-as-you-go financing requirements. For the year ended December 31, 2023, the .5 percent of covered-employee payroll. For fiscal year 2023, the City contributed $0 to the plan. As of January 1, 2023, there were three C. Actuarial Methods and Assumptions $1,175,850 was measured as of January 1, 2023, and the total OPEB liability used to calculate the total OPEB liability was determined by an actuarial valuation as of January 1, 2023. Roll forward procedures were used to roll forward the total OPEB liability to the measurement date. The total OPEB liability in the January 1, 2023 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified: Discount Rate 4.05% Payroll Growth Rate N/A 20-Year Municipal Bond Yield 4.05% Inflation Rate 2.50% Medical Trend Rate 8% degrading to 4.14% by 2027 The discount rate used to measure the total OPEB liability was 4.05 percent as of January 1, 2023. Mortality rates were based on the recently published PERA actuarial valuations. The actuarial assumptions used in the January 1, 2023 valuation were based on input from a variety of published sources of historical and projected future financial data. Each assumption was reviewed for reasonableness with the source information as well as for consistency with the other economic assumptions. 78 contributions are based on projected paycontributions are based on projected pay asas youyou go financing requirements. go financing requirements. For the year ended December 31, For the year ended December 31, 20232023 .5 .5 percent of coveredpercent of covered-employee payroll. employee payroll. For fiscal year For fiscal year 20232023, the City contributed, the City contributed o the plan. As of o the plan. As of January 1, January 1, 2023, there were, there were threethree Actuarial Methods and AssumptionsActuarial Methods and Assumptions $1,$1,175,850175,850 was measured as of was measured as of JanuaryJanuary 1, 20232023, and the total OPEB liability used to , and the total OPEB liability used to calculate the total OPEB liability was determined by an actuarial valuation as of January 1, calculate the total OPEB liability was determined by an actuarial valuation as of January 1, 2023. Roll forward procedures . Roll forward procedures were used to roll forward the total OPEB liability to the measurement date.were used to roll forward the total OPEB liability to the measurement date. 113 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 5: Postemployment Benefits Other Than Pensions (Continued) D. Changes in the Total OPEB Liability Since the prior measurement date, the following assumptions changed: The discount rate was changed from 2.06% to 4.05%. E. Sensitivity of the Total OPEB Liability liability would be if it were calculated using a discount rate that is 1-percentage point lower (1.06 percent) or 1-percentage-point higher (3.06 percent) than the current discount rate: 1 Percent 1 Percent Decrease (3.05%) Current (4.05%) Increase (5.05%) 1,024,206$ 1,175,850$ 1,355,452$ ere calculated using a Healthcare Cost Trent Rate that is 1-percentage point lower (7 percent decreasing to 6 percent) or 1- percentage-point higher (9 percent increasing to 8 percent) than the current cost trend rate: 79 prior measurement date, the following assumptions changed:prior measurement date, the following assumptions changed: The discount rate was changed from The discount rate was changed from 2.2.0606% to % to 4.055%.%. Sensitivity of the Total OPEB LiabilitySensitivity of the Total OPEB Liability liability would be if it were liability would be if it were calculated using a discount rate that is 1calculated using a discount rate that is 1-percentage point lower (percentage point lower (1.06 06 percent) or 1percent) or 1-percentage-point higher (point higher (3.06 percent) than the current discount rate:percent) than the current discount rate: 114 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 6: Other Information A. Risk Management The City is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; injuries to employees; and natural disasters. Workers compensation coverage is provided through a pooled self-insurance program through the League of Minnesota Cities Insurance Trust (LMCIT). The City pays an annual premium to the LMCIT. The City is subject to supplemental assessments if deemed necessary by the LMCIT. The LMCIT reinsures through Workers Compensation Reinsurance Association (WCRA) as required by law. For workers compensation, the City is not subject to a deductible. Property and casualty insurance is provided through a pooled self-insurance program through the LMCIT. The City pays an annual premium to the LMCIT. The City is subject to supplemental assessments if deemed necessary by the LMCIT. The LMCIT reinsures through commercial companies for claims in excess of various amounts. The City retains risk for the deductible portion of the insurance policies and for any exclusions from the insurance policies. These amounts are considered immaterial to the financial statements. The City continues to carry commercial insurance for all other risks of loss, including disability and employee health insurance. There were no significant reductions in insurance from the previous year or settlements in excess of insurance coverage for any of the past three fiscal years. The risk management activities of the City are accounted for by the Risk Management fund, an internal service fund, which charges its costs to user departments. The fund is designed to build up a reserve which will provide the City the opportunity to assume a greater share of its insurance risks and thereby reducing the cost to purchase insurance. B. Contingencies Tax Increment Financing Districts disallowed claims or misuse of tax increments could become a liability of the applicable fund. Management has indicated that they are not aware of any instances of noncompliance which would have a material effect on the financial statements. only to the extent of the increment received. As a result, they are a commitment within the district but they have not met the criteria to be reported as a liability on the statement of net position. C. Flexible Benefit Plan The City offers a flexible benefit plan (the (IRC). All employees who meet the eligibility requirements may participate in the Plan. To be eligible, an employee must be at least 20 years of age and be regularly scheduled to work more than 20 hours per week. Eligible employees can elect to participate by contributing pre-tax dollars withheld from payroll checks to the Plan for healthcare and dependent care benefits. Payments are made from the Plan to participating employees upon submitting a request for reimbursement of eligible expenses actually incurred by the participant. All assets of the Plan are held and administered by an independent contract administrator for childcare and medical expense reimbursements, and by the City for health insurance premiums. All activity of the Plan is included in the financial statements as part of the General Fund and enterprise funds as employee benefits. 80 There were no significant reductions in insurance from the previous year or settlements in excess of insurance coverage There were no significant reductions in insurance from the previous year or settlements in excess of insurance coverage for any of the past three fiscal years.for any of the past three fiscal years. The risk management activities of the City are accounThe risk management activities of the City are accounted for by the Risk Management fted for by the Risk Management fund, an internal service fund, und, an internal service fund, which charges which charges its costs to user departments. its costs to user departments. The fund is designed to build up a reserve which will provide the City the The fund is designed to build up a reserve which will provide the City the opportunity to assume a greater share of its insurance risks and thereby reducing the cost to purchase insurance.opportunity to assume a greater share of its insurance risks and thereby reducing the cost to purchase insurance. ContingenciesContingencies 115 City of Orono, Minnesota Notes to the Financial Statements December 31, 2023 Note 6: Other Information (Continued) All property of the Plan and income attributable to that property is solely the property of the City, subject to the claims of amount equal to the eligible healthcare and dependent care expenses incurred by the participants. The City believes it is unlikely that it will use the assets to satisfy the claims of general creditors in the future. D. Conditional State Grant the amount of $2,000,000. The grant is repayable to the state if the property is not maintained for low-impact recreation and conservation use. E. Police Services Contracts As of December 31, 2019, the City of Orono had several contracts to provide police services to neighboring cities. The most significant of those was a contract with the city of Mound, which the City entered into as of January 1, 2013 and which extends 10 years to December 31, 2022. The contract also included annual payments from the city of Mound starting at $1,545,000 in 2013 and increasing between 1%-5% each year through the end of the contract. The contract has been renewed as of December 31, 2023. The City also has a contract with the cities of Minnetonka Beach and Spring Park to furnish law enforcement services to each respective city. The original contract term ended December 31, 2012 and includes the option to verbally extend it each year for an additional one-year period. The contract has been extended each year through 2023. 81 The City also has a contract with the cities of Minnetonka Beach and The City also has a contract with the cities of Minnetonka Beach and Spring Park to furnish law enforcement services to Spring Park to furnish law enforcement services to each respective city. The original contract term ended December 31, 2012 and includes the option to verbally extend it each respective city. The original contract term ended December 31, 2012 and includes the option to verbally extend it each year for an additional oneeach year for an additional one-year period. The contract has been extended each year year period. The contract has been extended each year through 2023. 116 THIS PAGE IS LEFT BLANKINTENTIONALLY 82 117 REQUIRED SUPPLEMENTARY INFORMATION CITY OF ORONO, MINNESOTA FOR THE YEAR ENDED DECEMBER 31, 2023 83 118 City of Orono, Minnesota Required Supplementary Information For the Year Ended December 31, 2023 Schedule of hare of PERA Net Pension Liability - General Employees Fund Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available. Schedule of E PERA Contributions - General Employees Fund Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available. 84 Note: Schedule is Note: Schedule is intended to show 10intended to show 10-year trend. Additional years will be reported as they become available.year trend. Additional years will be reported as they become available.- Schedule of ESchedule of E PPERAERA Contributions ontributions -General Employees FundGeneral Employees Fund 119 City of Orono, Minnesota Required Supplementary Information (Continued) For the Year Ended December 31, 2023 Notes to the Required Supplementary Information - General Employees Fund Changes in Actuarial Assumptions 2023 - The investment return assumption and single discount rate were changed from 6.5 percent to 7.00 percent. 2022 - The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021. 2021 - The investment return and single discount rates were changed from 7.50 percent to 6.50 percent, for financial reporting purposes. The mortality improvement scale was changed from Scale MP-2019 to Scale MP-2020. 2020 - The price inflation assumption was decreased from 2.50% to 2.25%. The payroll growth assumption was decreased from 3.25% to 3.00%. Assumed salary increase rates were changed as recommended in the June 30, 2019 experience study. The net effect is assumed rates that average 0.25% less than previous rates. Assumed rates of retirement were changed as recommended in the June 30, 2019 experience study. The changes result in more unreduced (normal) retirements and slightly fewer Rule of 90 and early retirements. Assumed rates of termination were changed as recommended in the June 30, 2019 experience study. The new rates are based on service and are generally lower than the previous rates for years 2-5 and slightly higher thereafter. Assumed rates of disability were changed as recommended in the June 30, 2019 experience study. The change results in fewer predicted disability retirements for males and females. The base mortality table for healthy annuitants and employees was changed from the RP-2014 table to the Pub-2010 General Mortality table, with adjustments. The base mortality table for disabled annuitants was changed from the RP- 2014 disabled annuitant mortality table to the PUB-2010 General/Teacher disabled annuitant mortality table, with adjustments. The mortality improvement scale was changed from Scale MP-2018 to Scale MP-2019. The assumed spouse age difference was changed from two years older for females to one year older. The assumed number of married male new retirees electing the 100% Joint & Survivor option changed from 35% to 45%. The assumed number of married female new retirees electing the 100% Joint & Survivor option changed from 15% to 30%. The corresponding number of married new retirees electing the Life annuity option was adjusted accordingly. 2019 - The mortality projection was changed from MP-2017 to MP-2018 2018 - The mortality projection scale was changed from MP-2015 to MP-2017. The assumed benefit increase was changed from 1.00 percent per year through 2044 and 2.50 percent per year thereafter to 1.25 percent per year. 2017 - The Combined Service Annuity (CSA) loads were changed from 0.8 percent for active members and 60 percent for vested and non-vested deferred members. The revised CSA loads are now 0.0 percent for active member liability, 15.0 percent for vested deferred member liability and 3.0 percent for non-vested deferred member liability. The assumed post- retirement benefit increase rate was changed from 1.0 percent per year for all years to 1.0 percent per year through 2044 and 2.5 percent per year thereafter. 2016 - The assumed post-retirement benefit increase rate was changed from 1.0 percent per year through 2035 and 2.5 percent per year thereafter to 1.0 percent per year for all future years. The assumed investment return was changed from 7.9 percent to 7.5 percent. The single discount rate was changed from 7.9 percent to 7.5 percent. Other assumptions were changed pursuant to the experience study dated June 30, 2015. The assumed future salary increases, payroll growth and inflation were decreased by 0.25 percent to 3.25 percent for payroll growth and 2.50 percent for inflation. 2015 - The assumed post-retirement benefit increase rate was changed from 1.0 percent per year through 2030 and 2.5 percent per year thereafter to 1.0 percent per year through 2035 and 2.5 percent per year thereafter. 85 General Mortality table, with adjustments. The base mortality table for disabled annuitants was changed from the RPGeneral Mortality table, with adjustments. The base mortality table for disabled annuitants was changed from the RP 2014 disabled annuitant mortality table to the PUB2014 disabled annuitant mortality table to the PUB-2010 General/Teacher disabled annuitant mortality table, with 2010 General/Teacher disabled annuitant mortality table, with tments. The mortality improvement scale was changed from Scale MPtments. The mortality improvement scale was changed from Scale MP-2018 to Scale MP2018 to Scale MP-2019. The assumed 2019. The assumed spouse age difference was changed from two years older for females to one year older. The assumed number of married spouse age difference was changed from two years older for females to one year older. The assumed number of married male new retirees electing the 100% Joimale new retirees electing the 100% Joint & Survivor option changed from 35% to 45%. The assumed number of married nt & Survivor option changed from 35% to 45%. The assumed number of married female new retirees electing the 100% Joint & Survivor option changed from 15% to 30%. The corresponding number of female new retirees electing the 100% Joint & Survivor option changed from 15% to 30%. The corresponding number of married new retirees electing the Life annuity option was adjustemarried new retirees electing the Life annuity option was adjuste d accordingly.d accordingly. The mortality projection was changed from MPThe mortality projection was changed from MP--2017 to MP2017 to MP-20182018 120 City of Orono, Minnesota Required Supplementary Information (Continued) For the Year Ended December 31, 2023 Notes to the Required Supplementary Information - General Employees Fund (Continued) Changes in Plan Provisions 2023 - An additional one-time direct state aid contribution of $170.1 million will be contributed to the Plan on October 1, 2023. The vesting period of those hired after June 30, 2010, was changed from five years of allowable service to three years of allowable service. The benefit increase delay for early retirements on or after January 1, 2024, was eliminated. A one-time, non-compounding benefit increase of 2.5 percent minus the actual 2024 adjustment will be payable in a lump sum for calendar year 2024 by March 31, 2024. 2022 - There were no changes in plan provisions since the previous valuation. 2021 - There were no changes in plan provisions since the previous valuation. 2020 - Augmentation for current privatized members was reduced to 2.0% for the period July 1, 2020 through December 31, 2023 and 0.0% after. Augmentation was eliminated for privatizations occurring after June 30, 2020. 2019 - The employer supplemental contribution was changed prospectively, decreasing from $31.0 million to $21.0 through 2031. 2018 - The augmentation adjustment in early retirement factors is eliminated over a five-year period starting July 1, 2019, resulting in actuarial equivalence after June 30, 2024. Interest credited on member contributions decreased from 4.00 percent to 3.00 percent, beginning July 1, 2018. Deferred augmentation was changed to 0.00 percent, effective January 1, 2019. Augmentation that has already accrued for deferred members will still apply. Contribution stabilizer provisions were repealed. Postretirement benefit increases were changed from 1.00 percent per year with a provision to increase to 2.50 percent upon attainment of 90.00 percent funding ratio to 50.00 percent of the Social Security Cost of Living Adjustment, not less than 1.00 percent and not more than 1.50 percent, beginning January 1, 2019. For retirements on or after January 1, 2024, the first benefit increase is delayed until the retiree reaches normal retirement age; does not apply to Rule of 90 retirees, disability benefit recipients, or survivors. Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions. 2017 - and $6,000,000 thereafter. The Employer Supplemental Contribution for the Minneapolis Employees Retirement Fund changed from $21,000,000 to $ $16,000,000 to $6,000,000 in calendar years 2019 to 2031. 2016 - There were no changes in plan provisions since the previous valuation. 2015 - On January 1, 2015, the Minneapolis Employees Retirement Fund was merged into the General Employees Fund, which increased the total pension liability by $1.1 billion and increased the fiduciary plan net position by $892 million. Upon consolidation, state and employer contributions were revised. 86 The augmentation adjustment in early retirement factors is eliminated over a fiveThe augmentation adjustment in early retirement factors is eliminated over a five--year period starting July 1, 2019, year period starting July 1, 2019, resulting in actuarial equivalence after June 30, 2024. Interest credited on member contributions decreased from 4.00 resulting in actuarial equivalence after June 30, 2024. Interest credited on member contributions decreased from 4.00 percent to 3.0percent to 3.00 percent, beginning July 1, 2018. Deferred augmentation was changed to 0.00 percent, effective 0 percent, beginning July 1, 2018. Deferred augmentation was changed to 0.00 percent, effective January 1, 2019. Augmentation that has already accrued for deferred members will still apply. Contribution stabilizer January 1, 2019. Augmentation that has already accrued for deferred members will still apply. Contribution stabilizer provisions were repealed. Postretirement provisions were repealed. Postretirement benefit increases were changed from 1.00 percent per year with a provision to benefit increases were changed from 1.00 percent per year with a provision to increase to 2.50 percent upon attainment of 90.00 percent funding ratio to 50.00 percent of the Social Security Cost of increase to 2.50 percent upon attainment of 90.00 percent funding ratio to 50.00 percent of the Social Security Cost of Living Adjustment, not less than 1.00 percent and not moreLiving Adjustment, not less than 1.00 percent and not more than 1.50 percent, beginning January 1, 2019. For retirements than 1.50 percent, beginning January 1, 2019. For retirements on or after January 1, 2024, the first benefit increase is delayed until the retiree reaches normal retirement age; does not on or after January 1, 2024, the first benefit increase is delayed until the retiree reaches normal retirement age; does not apply to Rule of 90 retirees, disability benefit recipients, or survapply to Rule of 90 retirees, disability benefit recipients, or survivors. Actuarial equivalent factors were updated to reflect ivors. Actuarial equivalent factors were updated to reflect 121 City of Orono, Minnesota Required Supplementary Information (Continued) For the Year Ended December 31, 2023 PERA Net Pension Liability - Public Employees Police and Fire Fund Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available. PERA Contributions - Public Employees Police and Fire Fund Contributions in Relation to the Statutorily Statutorily Contribution City's Required Required Deficiency Covered Year Contribution Contribution (Excess) Payroll Ending (a) (b) (a-b) (c) 12/31/23 546,390$ 546,390$ -$ 3,086,949$ 17.70 % 12/31/22 460,205 460,205 - 2,600,029 17.70 12/31/21 462,202 462,202 - 2,611,311 17.70 12/31/20 455,708 455,708 - 2,574,623 17.70 12/31/19 411,298 411,298 - 2,426,539 16.95 12/31/18 370,490 370,490 - 2,286,975 16.20 12/31/17 354,408 354,408 - 2,187,704 16.20 12/31/16 340,380 340,380 - 2,101,111 16.20 12/31/15 333,041 333,041 - 2,055,809 16.20 (b/c) Contributions as a Percentage of Payroll Covered Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available. 87 Note: Schedule is intended to show 10Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available.year trend. Additional years will be reported as they become available.- PPERAERA Contributions Contributions -Public Employees Police and Fire FundPublic Employees Police and Fire Fund Contributions inContributions in Relation to theRelation to the Statutorily Statutorily Contribution City'sStatutorily Statutorily Contribution City's Required Required Deficiency CoveredRequired Required Deficiency Covered Contributions asContributions as a Percentage ofa Percentage of Covered 122 City of Orono, Minnesota Required Supplementary Information (Continued) For the Year Ended December 31, 2023 Notes to the Required Supplementary Information - Police and Fire Fund Changes in Actuarial Assumptions 2023 - The investment return assumption was changed from 6.5 percent to 7.00 percent. The single discount rate changed from 5.4 percent to 7.0 percent. 2022 - The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021. The single discount rate changed from 6.50 percent to 5.40 percent. 2021 - The investment return and single discount rates were changed from 7.50 percent to 6.50 percent, for financial reporting purposes. The inflation assumption was changed from 2.50 percent to 2.25 percent. The payroll growth assumption was changed from 3.25 percent to 3.00 percent. The base mortality table for healthy annuitants and employees was changed from the RP-2014 table to the Pub-2010 Public Safety Mortality table. The mortality improvement scale was changed from MP-2019 to MN-2020. The base mortality table for disabled annuitants was changed from the RP-2014 healthy annuitant mortality table (with future mortality improvement according to Scale MP-2019) to the Pub- 2010 Public Safety disabled annuitant mortality table (with future mortality improvement according to Scale MP-2020). Assumed rates of salary increase were modified as recommended in the July 14, 2020 experience study. The overall impact is a decrease in gross salary increase rates. Assumed rates of retirement were changed as recommended in the July 14, 2020 experience study. The changes result in slightly more unreduced retirements and fewer assumed early retirements. Assumed rates of withdrawal were changed from select and ultimate rates to service-based rates. The changes result in more assumed terminations. Assumed rates of disability were increased for ages 25-44 and decreased for ages over 49. Overall, proposed rates result in more projected disabilities. Assumed percent married for active female members was changed from 60 percent to 70 percent. Minor changes to form of payment assumptions were applied. 2020 - The mortality projection scale was changed from MP-2018 to MP-2019 2019 - The mortality projection scale was changed from MP-2017 to MP-2018. 2018 - The mortality projection scale was changed from MP-2016 to MP-2017. As set by statute, the assumed post- retirement benefit increase was changed from 1.0 percent per year through 2064 and 2.5 percent per year, thereafter, to 1.0 percent for all years, with no trigger. 2017 - Assumed salary increases were changed as recommended in the June 30, 2016 experience study. The net effect is proposed rates that average 0.34 percent lower than the previous rates. Assumed rates of retirement were changed, resulting in fewer retirements. The Combined Service Annuity (CSA) load was 30 percent for vested and non-vested deferred members. The CSA has been changed to 33 percent for vested members and 2 percent for non-vested members. The base mortality table for healthy annuitants was changed from the RP-2000 fully generational table to the RP-2014 fully generational table (with a base year of 2006), with male rates adjusted by a factor of 0.96. The mortality improvement scale was changed from Scale AA to Scale MP-2016. The base mortality table for disabled annuitants was changed from the RP-2000 disabled mortality table to the mortality tables assumed for healthy retirees. Assumed termination rates were decreased to 3.0 percent for the first three years of service. Rates beyond the select period of three years were adjusted, resulting in more expected terminations overall. Assumed percentage of married female members was decreased from 65 percent to 60 percent. Assumed age difference was changed from separate assumptions for male members (wives assumed to be three years younger) and female members (husbands assumed to be four years older) to the assumption that males are two years older than females. The assumed percentage of female members electing joint and survivor annuities was increased. The assumed post-retirement benefit increase rate was changed from 1.00 percent for all years to 1.00 percent per year through 2064 and 2.50 percent thereafter. The single discount rate was changed from 5.6 percent to 7.5 percent. 2016 - The assumed post-retirement benefit increase rate was changed from 1.0 percent per year through 2037 and 2.5 percent per year thereafter to 1.0 percent per year for all future years. The assumed investment return was changed from 7.9 percent to 7.5 percent. The single discount rate was changed from 7.9 percent to 5.6 percent. The assumed future salary increases, payroll growth and inflation were decreased by 0.25 percent to 3.25 percent for payroll growth and 2.50 percent for inflation. 88 retirements. Assumed rates of withdrawal were changed from select and ultimate rates to serviceretirements. Assumed rates of withdrawal were changed from select and ultimate rates to service--based rates. The based rates. The changes result in more assumed terminations. Assumed rates of disabilichanges result in more assumed terminations. Assumed rates of disability were increased for ages 25ty were increased for ages 25--44 and decreased 44 and decreased for ages over 49. Overall, proposed rates result in more projected disabilities. Assumed percent married for active female for ages over 49. Overall, proposed rates result in more projected disabilities. Assumed percent married for active female members was changed from 60 percent to 70 percent. Minor changes to form of payment asmembers was changed from 60 percent to 70 percent. Minor changes to form of payment as sumptions were applied.sumptions were applied. The mortality projection scale was changed from MPThe mortality projection scale was changed from MP-2018 to MP2018 to MP-20192019 The mortality projection scale was changed from MPThe mortality projection scale was changed from MP-2017 to MP2017 to MP-2018. 2018. The mortality projection scale was changed from MPThe mortality projection scale was changed from MP 2016 to MP2016 to MP 2017. As set by statute, the assumed post2017. As set by statute, the assumed post 123 City of Orono, Minnesota Required Supplementary Information (Continued) For the Year Ended December 31, 2023 Notes to the Required Supplementary Information - Police and Fire Fund (Continued) 2015 - The assumed post-retirement benefit increase rate was changed from 1.0 percent per year through 2030 and 2.5 percent per year thereafter to 1.0 percent per year through 2037 and 2.5 percent per year thereafter. Changes in Plan Provisions 2023 - Additional one-time direct state aid contribution of 19.4 million will be contributed to the Plan on October 1, 2023. Vesting requirement for new hires after June 30, 2014, was changed from a graded 20-year vesting schedule to a graded 10-year vesting schedule, with 50 percent vesting after five years, increasing incrementally to 100% after 10 years. A one- time, non-compounding benefit increase of 3.0 percent will be payable in a lump sum for calendar year 2024 by March 31, 2024. Psychological treatment is required effective July 1, 2023, prior to approval for a duty disability benefit for a increased, effective July 1, 2023. 2022 - There were no changes in plan provisions since the previous valuation. 2021 - There were no changes in plan provisions since the previous valuation 2020 - There were no changes in plan provisions since the previous valuation 2019 - There were no changes in plan provisions since the previous valuation 2018 - As set by statute, the assumed post-retirement benefit increase was changed from 1.0 percent per year through 2064 and 2.5 percent per year, thereafter, to 1.0 percent for all years, with no trigger. An end date of July 1, 2048 was added to the existing $9.0 million state contribution. New annual state aid will equal $4.5 million in fiscal years 2019 and 2020, and $9.0 million thereafter until the plan reaches 100 percent funding, or July 1, 2048, if earlier. Member contributions were changed from 10.80 percent to 11.30 percent of pay, effective January 1, 2019 and 11.80 percent of pay, effective January 1, 2020. Employer contributions were changed from 16.20 percent to 16.95 percent of pay, effective January 1, 2019 and 17.70 percent of pay, effective January 1, 2020. Interest credited on member contributions decreased from 4.00 percent to 3.00 percent, beginning July 1, 2018. Deferred augmentation was changed to 0.00 percent, effective January 1, 2019. Augmentation that has already accrued for deferred members will still apply. Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions. 2017 - Assumed salary increases were changed as recommended in the June 30, 2016 experience study. The net effect is proposed rates that average 0.34 percent lower than the previous rates. Assumed rates of retirement were changed, resulting in fewer retirements. The combined service annuity (CSA) load was 30.00 percent for vested and non-vested, deferred members. The CSA has been changed to 33.00 percent for vested members and 2.00 percent for non-vested members. The base mortality table for healthy annuitants was changed from the RP-2000 fully generational table to the RP-2014 fully generational table (with a base year of 2006), with male rates adjusted by a factor of 0.96. The mortality improvement scale was changed from Scale AA to Scale MP-2016. The base mortality table for disabled annuitants was changed from the RP-2000 disabled mortality table to the mortality tables assumed for healthy retirees. Assumed termination rates were decreased to 3.00 percent for the first three years of service. Rates beyond the select period of three years were adjusted, resulting in more expected terminations overall. Assumed percentage of married female members was decreased from 65.00 percent to 60.00 percent. Assumed age difference was changed from separate assumptions for male members (wives assumed to be three years younger) and female members (husbands assumed to be four years older) to the assumption that males are two years older than females. The assumed percentage of female members electing joint and survivor annuities was increased. The assumed postretirement benefit increase rate was changed from 1.00 percent for all years to 1.00 percent per year through 2064 and 2.50 percent thereafter. The single discount rate was changed from 5.60 percent per annum to 7.50 percent per annum. 2016 - There were no changes in plan provisions since the previous valuation 2015 - The post-retirement benefit increase to be paid after attainment of the 90 percent funding threshold was changed, from inflation up to 2.5 percent, to a fixed rate of 2.5 percent. 89 There were no changes in plan provisions since the previous valuationThere were no changes in plan provisions since the previous valuation As set by statute, the assumed postAs set by statute, the assumed post-retirement benefit increase was changed from 1.0 percent per year through retirement benefit increase was changed from 1.0 percent per year through 2064 and 2.5 percent per year, thereafter, to 1.0 percent for all years, with no trigger. An end date of July 1, 2048 was 2064 and 2.5 percent per year, thereafter, to 1.0 percent for all years, with no trigger. An end date of July 1, 2048 was added to the exiadded to the existing $9.0 million state contribution.sting $9.0 million state contribution.New annual state aid will equal $4.5 million in fiscal years 2019 and New annual state aid will equal $4.5 million in fiscal years 2019 and 2020, and $9.0 million thereafter until the plan reaches 100 percent funding, or July 1, 2048, if earlier.2020, and $9.0 million thereafter until the plan reaches 100 percent funding, or July 1, 2048, if earlier. Member Member contributions were changed fromcontributions were changed from 10.80 percent to 11.30 percent of pay, effective January 1, 2019 and 11.80 percent of 10.80 percent to 11.30 percent of pay, effective January 1, 2019 and 11.80 percent of pay, effective January 1, 2020.pay, effective January 1, 2020.Employer contributions were changed from 16.20 percent to 16.95 percent of pay, Employer contributions were changed from 16.20 percent to 16.95 percent of pay, effective January 1, 2019 and 17.70 percent of pay, effective January 1, 2020.effective January 1, 2019 and 17.70 percent of pay, effective January 1, 2020.Interest credited on member contributions Interest credited on member contributions 124 City of Orono, Minnesota Required Supplementary Information (Continued) For the Year Ended December 31, 2023 Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available. 90 125 COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES CITY OF ORONO, MINNESOTA FOR THE YEAR ENDED DECEMBER 31, 2023 91 FOR THE FOR THE YEAR ENDEDYEAR ENDED DECEMBER 31, DECEMBER 31, 2023 126 THIS PAGE IS LEFT BLANKINTENTIONALLY 92 127 NONMAJOR GOVERNMENTAL FUNDS 93 128 City of Orono, Minnesota Nonmajor Governmental Funds Combining Balance Sheet December 31, 2023 Total Nonmajor Special Debt Capital Governmental Revenue Service Projects Funds Assets Cash and temporary investments 1,395,253$ 514,818$ 2,708,522$ 4,618,593$ Receivables Accrued interest 1,330 1,009 2,463 4,802 Special assessments 28,000 - - 28,000 Due from other governments 38,596 7,241 1,521 47,358 Due from other funds 601,467 - - 601,467 Total Assets 2,064,646$ 523,068$ 2,712,506$ 5,300,220$ Liabilities Accounts and contracts payable 48,402$ 3,425$ 119,345$ 171,172$ Due to other governments 753 - - 753 Due to other funds 601,467 - - 601,467 Total Liabilities 650,622 3,425 119,345 773,392 Deferred Inflows of Resources Unavailable revenues - special assessments 28,000 - - 28,000 Fund Balances Restricted 1,600,126 858,499 371,306 2,829,931 Committed 313,344 - - 313,344 Assigned - - 2,221,855 2,221,855 Unassigned (527,446) (338,856) - (866,302) Total Fund Balances 1,386,024 519,643 2,593,161 4,498,828 Total Liabilities, Deferred Inflows of Resources and Fund Balances 2,064,646$ 523,068$ 2,712,506$ 5,300,220$ 94 Due to other fundsDue to other funds 601,467601,467 Total LiabilitiesTotal Liabilities 650,622650,622 3,4253,425 119,345119,345 Deferred Inflows of ResourcesDeferred Inflows of Resources Unavailable revenues - special assessmentsUnavailable revenues - special assessments 28,00028,000 -- -- Fund BalancesFund Balances RestrictedRestricted 1,600,126 858,499858,499 371,306371,306 2,829,931 CommittedCommitted 313,344 --- 129 City of Orono, Minnesota Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances For the Year Ended December 31, 2023 Total Nonmajor Special Debt Capital Governmental Revenue Service Projects Funds Revenues Taxes 228,908$ 1,002,000$ 219,000$ 1,449,908$ Special assessments 22,698 - - 22,698 Licenses and permits 62,446 - - 62,446 Intergovernmental - - 372,456 372,456 Charges for services 28,525 - - 28,525 Fines and forfeitures 102,312 - - 102,312 Investment earnings 56,947 36,222 103,941 197,110 Miscellaneous - - 71,543 71,543 Total Revenues 501,836 1,038,222 766,940 2,306,998 Expenditures Current Public safety 2,171 - - 2,171 Parks and recreation 23,076 - - 23,076 Community development 154,566 - - 154,566 Capital outlay Public safety - - 708,195 708,195 Public works - - 734,541 734,541 Parks and recreation 31,432 - - 31,432 Debt service Principal - 1,095,000 - 1,095,000 Interest and other charges - 450,581 - 450,581 Total Expenditures 211,245 1,545,581 1,442,736 3,199,562 Excess (Deficiency) of Revenues Over (Under) Expenditures 290,591 (507,359) (675,796) (892,564) Other Financing Sources Transfers in 500,000 362,767 1,008,609 1,871,376 Transfers out - (235,267) (741,435) (976,702) Financed purchase issued - - 484,900 484,900 Total Other Financing Sources (Uses) 500,000 127,500 752,074 1,379,574 Net Change in Fund Balances 790,591 (379,859) 76,278 487,010 Fund Balances, January 1 595,433 899,502 2,516,883 4,011,818 Fund Balances, December 31 1,386,024$ 519,643$ 2,593,161$ 4,498,828$ 95 Public safetyPublic safety 2,1712,171 - -- Parks and recreationParks and recreation 23,07623,076 - -- Community developmentCommunity development 154,566154,566 - -- Capital outlayCapital outlay Public safetyPublic safety -- - 708,195708,195 Public worksPublic works -- - 734,541734,541 Parks and recreationParks and recreation 31,432 - -- Debt serviceDebt service 130 THIS PAGE IS LEFT BLANKINTENTIONALLY 96 131 NONMAJOR SPECIAL REVENUE FUNDS Special Revenue funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes. Park Fund accounts for received park dedication fees to be used for land acquisition and park development. Drug and Felony Forfeiture Fund accounts for proceeds received from seizures relating to drug and felony criminal activity, donations received for the police department, other appropriate revenues authorized by the City Council, and all authorized related expenditures. Affordable Housing Fund accounts for revenues and expenditures related to financial assistance packages provided to several low-income households to make new town home units affordable. Lurton Park Fund accounts for revenues and expenditures related to the maintenance and trails within Lurton Park property. Senior Housing TIF Fund accounts for revenues and expenditures related to the senior housing property. Big Island Fund accounts for revenues and expenditures related to the improvement of the Big Island Nature Park. Carmen Bay Lake Improvement Fund accounts for revenues and expenditures related to the improvement of Carmen Bay. HRA General Fund accounts for revenues from and expenditures related to housing programs. 97 132 City of Orono, Minnesota Nonmajor Special Revenue Funds Subcombining Balance Sheet December 31, 2023 225 231 233 234 Drug and Felony Affordable Lurton Park Forfeiture Housing Park Assets Cash and temporary investments 277,041$ 694,510$ 142,068$ 105,183$ Receivables Accrued interest 1,220 - 27 - Special assessments - - - - Due from other governments 1,039 - - - Due from other funds - - - - Total Assets 279,300$ 694,510$ 142,095$ 105,183$ Liabilities Accounts and contracts payable -$ -$ -$ -$ Due to other governments - - - - Due to other funds - - - - Total Liabilities - - - - Deferred Inflows of Resources Unavailable revenues - special assessments - - - - Fund Balances Restricted 62,446 694,510 142,095 8,693 Committed 216,854 - - 96,490 Unassigned - - - - Total Fund Balances 279,300 694,510 142,095 105,183 Total Liabilities, Deferred Inflows of Resources and Fund Balances 279,300$ 694,510$ 142,095$ 105,183$ 98 Total LiabilitiesTotal Liabilities Deferred Inflows of ResourcesDeferred Inflows of Resources Unavailable revenues - special assessmentsUnavailable revenues - special assessments - - -- Fund Balances Fund Balances RestrictedRestricted 62,44662,446 694,510694,510 142,095142,095 CommittedCommitted 216,854216,854 - -- UnassignedUnassigned -- - -- Total Fund BalancesTotal Fund Balances 279,300 694,510694,510 142,095142,095 133 235 238 239 241 Carmen Bay Senior Lake HRA General Housing TIF Big Island Improvement Fund Total 74,692$ 90,414$ 11,345$ -$ 1,395,253$ 82 - 1 - 1,330 - - 28,000 - 28,000 37,378 - 179 - 38,596 - - 601,467 601,467 112,152$ 90,414$ 39,525$ 601,467$ 2,064,646$ 37,378$ -$ 11,024$ -$ 48,402$ 753 - - 753 601,467 - - 601,467 639,598 - 11,024 - 650,622 - - 28,000 - 28,000 - 90,414 501 601,467 1,600,126 - - - - 313,344 (527,446) - - (527,446) (527,446) 90,414 501 601,467 1,386,024 112,152$ 90,414$ 39,525$ 601,467$ 2,064,646$ 99 639,598639,598 11,02411,024 650,622650,622 -- 28,00028,000 -- 28,00028,000 -90,41490,414 501501 601,467601,467 1,600,1261,600,126 -- - - 313,344313,344 (527,446)(527,446)- -- (527,446)(527,446) (527,446)(527,446)90,414 501501 601,467 1,386,0241,386,024 134 City of Orono, Minnesota Nonmajor Special Revenue Funds Subcombining Statement of Revenues, Expenditures and Changes in Fund Balances For the Year Ended December 31, 2023 225 231 233 234 Drug and Felony Affordable Lurton Park Forfeiture Housing Park Revenues Taxes 150,000$ -$ -$ -$ Special assessments - - - - Licenses and permits 62,446 - - - Charges for services - - - 28,525 Fines and forfeitures - 102,312 - - Investment earnings 1,219 35,689 7,265 5,337 Total Revenues 213,665 138,001 7,265 33,862 Expenditures Current Public safety - 2,171 - - Parks and recreation - - - 411 Community development - - - - Capital outlay Parks and recreation 31,432 - - - Total Expenditures 31,432 2,171 - 411 Excess (Deficiency) of Revenues Over (Under) Expenditures 182,233 135,830 7,265 33,451 Other Financing Sources (Uses) Transfers in 500,000 - - - Net Change in Fund Balances 682,233 135,830 7,265 33,451 Fund Balances, January 1 (402,933) 558,680 134,830 71,732 Fund Balances, December 31 279,300$ 694,510$ 142,095$ 105,183$ 100 Community developmentCommunity development Capital outlayCapital outlay Parks and recreationParks and recreation 31,43231,432 - -- Total ExpendituresTotal Expenditures 31,43231,432 2,171 -- Excess (Deficiency) of RevenuesExcess (Deficiency) of Revenues Over (Under) ExpendituresOver (Under) Expenditures 182,233182,233 135,830135,830 7,2657,265 Other Financing Sources (Uses)Other Financing Sources (Uses) Transfers inTransfers in 500,000 135 235 238 239 241 Carmen Bay Senior Lake HRA General Housing TIF Big Island Improvement Fund Total 78,908$ -$ -$ -$ 228,908$ - - 22,698 - 22,698 - - - - 62,446 - - - - 28,525 - - - - 102,312 2,310 4,805 322 - 56,947 81,218 4,805 23,020 - 501,836 - - - - 2,171 - - 22,665 - 23,076 154,566 - - - 154,566 - - - - 31,432 154,566 - 22,665 - 211,245 (73,348) 4,805 355 - 290,591 - - - - 500,000 (73,348) 4,805 355 - 790,591 (454,098) 85,609 146 601,467 595,433 (527,446)$ 90,414$ 501$ 601,467$ 1,386,024$ 101 154,566154,566 154,566154,566 -- -- -- 31,43231,432 154,566154,566 - 22,66522,665 -- 211,245211,245 (73,348)(73,348)4,8054,805 355355 -- 290,591290,591 500,000500,000 136 THIS PAGE IS LEFT BLANKINTENTIONALLY 102 137 NONMAJOR DEBT SERVICE FUNDS Debt Service funds are used to account for the accumulation of resources for, and payment of, principal and interest and related costs on general long-term debt. 2010 General Obligation Bonds is used to collect and spend resources related to bonds issued in 2010. 2014 Improvement Bonds accounts for resources accumulated and payments for principal and interest associated with financing improvement projects. 2016 Refunding Bonds accounts for resources accumulated and payments for principal and interest on the 2016 Refunding bonds. 2021 Improvement Bonds accounts for resources accumulated and payments for principal and interest associated with financing improvement projects. 103 138 City of Orono, Minnesota Nonmajor Debt Service Funds Subcombining Balance Sheet December 31, 2023 321 322 323 324 2014 2016 2021 2010 General Improvement Refunding Improvement Obligation Bonds Bonds Bonds Bonds Total Assets Cash and temporary investments (16)$ 702,433$ 153,594$ (341,193)$ 514,818$ Receivables Accrued interest 215 794 - - 1,009 Due from other governments 292 1,678 - 5,271 7,241 Total Assets 491$ 704,905$ 153,594$ (335,922)$ 523,068$ Liabilities Accounts payable 3,425$ -$ -$ -$ 3,425$ Fund Balances Restricted - 704,905 153,594 - 858,499 Unassigned (2,934) - - (335,922) (338,856) Total Fund Balances (2,934) 704,905 153,594 (335,922) 519,643 Total Deferred Inflows of Resources and Fund Balances 491$ 704,905$ 153,594$ (335,922)$ 523,068$ 104 Total Fund BalancesTotal Fund Balances (2,934) 704,905704,905 153,594153,594 (335,922)(335,922) Total Deferred InflowsTotal Deferred Inflows of Resources and Fund Balancesof Resources and Fund Balances 491$ $ 704,905704,905$ $ 153,594$ $ (335,922)(335,922)$ $ 139 City of Orono, Minnesota Nonmajor Debt Service Funds Subcombining Statement of Revenues, Expenditures and Changes in Fund Balances For the Year Ended December 31, 2023 321 322 323 324 2014 2016 2021 2010 General Improvement Refunding Improvement Obligation Bonds Bonds Bonds Bonds Total Revenues Taxes -$ 242,000$ -$ 760,000$ 1,002,000$ Investment earnings 214 26,203 9,805 - 36,222 Total Revenues 214 268,203 9,805 760,000 1,038,222 Expenditures Debt service Principal - 235,000 520,000 340,000 1,095,000 Interest and other charges 3,491 49,622 13,950 383,518 450,581 Total Expenditures 3,491 284,622 533,950 723,518 1,545,581 Excess (Deficiency) of Revenues Over (Under) Expenditures (3,277) (16,419) (524,145) 36,482 (507,359) Other Financing Sources Transfers in 235,267 95,000 32,500 - 362,767 Transfers out - - (235,267) (235,267) Total Other Financing Sources (Uses) 235,267 95,000 (202,767) 127,500 Net Change in Fund Balances 231,990 78,581 (726,912) 36,482 (379,859) Fund Balances, January 1 (234,924) 626,324 880,506 (372,404) 899,502 Fund Balances, December 31 (2,934)$ 704,905$ 153,594$ (335,922)$ 519,643$ 105 Transfers inTransfers in 235,267 95,000 32,50032,500 -- Transfers outTransfers out - - (235,267) Total Other FinancingTotal Other Financing Sources (Uses)Sources (Uses)235,267235,267 95,00095,000 (202,767) Net Change in Fund BalancesNet Change in Fund Balances 231,990231,990 78,58178,581 (726,912)(726,912) 36,48236,482 Fund Balances, January 1Fund Balances, January 1 (234,924)(234,924) 626,324626,324 880,506 (372,404)(372,404) Fund Balances, December 31Fund Balances, December 31 (2,934)(2,934)$ $ 704,905704,905$ 153,594$ $ (335,922)(335,922)$ $ 140 THIS PAGE IS LEFT BLANKINTENTIONALLY 106 141 NONMAJOR CAPITAL PROJECTS FUNDS Capital Project funds account for financial resources to be used for acquisition or construction of major capital facilities (other than those financed by Proprietary funds). Improvement Equipment Outlay Fund accounts for the capital outlay costs of obtaining new equipment for various functions. Permanent Revolving Improvement Fund accounts for the construction costs prior to obtaining permanent financing. Community Investment Construction fund is used to collect and spend resources on the various community assets of the City. Fire Fund accounts for the revenues and expenditures relating to the fire department. Navarre Fire Station Construction Fund accounts for the construction costs of a new fire station in the Navarre area of the City. Big Island Public Project Fund accounts for the improvement of the Big Island Nature Park. Police Capital Fund accounts for the revenues and expenditures relating to the Orono Police Department. 107 142 405 406 408 415 Improvement Permanent Community Equipment Revolving Investment Outlay Improvement Construction Fire Assets Cash and temporary investments 284,760$ 1,097,970$ 510,269$ 372,485 Receivables Accrued interest 1,349 - 1,114 - Due from other governments - - 1,521 - Total Assets 286,109$ 1,097,970$ 512,904$ 372,485$ Liabilities Accounts and contracts payable 72,737$ -$ 46,608$ -$ Fund Balances Restricted - - - 371,306 Assigned 213,372 1,097,970 466,296 1,179 Total Fund Balances 213,372 1,097,970 466,296 372,485 Total Liabilities and Fund Balances 286,109$ 1,097,970$ 512,904$ 372,485$ City of Orono, Minnesota Nonmajor Capital Projects Funds Subcombining Balance Sheet December 31, 2023 108 and Fund Balancesand Fund Balances 286,109$ $ 1,097,9701,097,970$ $ 512,904512,904$ $ $ $ 143 425 430 437 Navarre Big Island Fire Station Public Police Construction Project Capital Total 907$ 51,192$ 390,939$ 2,708,522$ - - - 2,463 - - - 1,521 907$ 51,192$ 390,939$ 2,712,506$ -$ -$ -$ 119,345$ - - - 371,306 907 51,192 390,939 2,221,855 907 51,192 390,939 2,593,161 907$ 51,192$ 390,939$ 2,712,506$ 109 907907 51,19251,192$ $ 390,939390,939$ $ 2,712,5062,712,506$ 144 City of Orono, Minnesota Nonmajor Capital Projects Funds Subcombining Statement of Revenues, Expenditures and Changes in Fund Balances For the Year Ended December 31, 2023 405 406 408 415 Improvement Permanent Community Equipment Revolving Investment Outlay Improvement Construction Fire Revenues Taxes -$ -$ 219,000$ -$ Intergovernmental - - - 372,456 Investment earnings 13,398 67,639 5,381 1,417 Miscellaneous - - 71,543 - Total Revenues 13,398 67,639 295,924 373,873 Expenditures Capital outlay Public safety - - - 666,788 Public works 304,619 - 429,922 - Total Expenditures 304,619 - 429,922 666,788 Excess (Deficiency) of Revenues Over (Under) Expenditures (291,221) 67,639 (133,998) (292,915) Other Financing Sources Transfers in 397,250 - - 180,500 Financed purchase issued - - - 484,900 Transfers out (80,500) (430,859) - - Total Other Financing Sources (Uses) 316,750 (430,859) - 665,400 Net Change in Fund Balances 25,529 (363,220) (133,998) 372,485 Fund Balances, January 1 187,843 1,461,190 600,294 - Fund Balances, December 31 213,372$ 1,097,970$ 466,296$ 372,485$ 110 Other Financing Sources Other Financing Sources Transfers inTransfers in 397,250 - -- Financed purchase issuedFinanced purchase issued - - -- Transfers outTransfers out (80,500)(80,500) (430,859) -- Total Other FinancingTotal Other Financing Sources (Uses) Sources (Uses)316,750316,750 (430,859) -- Net Change in Fund BalancesNet Change in Fund Balances 25,52925,529 (363,220) (133,998)(133,998) 145 425 430 437 Navarre Big Island Fire Station Public Police Construction Project Capital Total -$ -$ -$ 219,000$ - - - 372,456 - 14,619 1,487 103,941 - - - 71,543 - 14,619 1,487 766,940 - - 41,407 708,195 - - - 734,541 - - 41,407 1,442,736 - 14,619 (39,920) (675,796) - - 430,859 1,008,609 - - - 484,900 - (230,076) - (741,435) - (230,076) 430,859 752,074 - (215,457) 390,939 76,278 907 266,649 - 2,516,883 907$ 51,192$ 390,939$ 2,593,161$ 111 --- 430,859430,859 1,008,6091,008,609 --- - 484,900484,900 --(230,076)(230,076) - (741,435)(741,435) --(230,076)(230,076) 430,859430,859 752,074752,074 --(215,457)(215,457) 390,939 76,27876,278 146 THIS PAGE IS LEFT BLANKINTENTIONALLY 112 147 NONMAJOR PROPRIETARY FUNDS Nonmajor proprietary funds are used to account for the financial resources that are produced and used by the business- type funds that are not significant enough to be presented individually. Recycling Fund Cable Television Fund accounts for the revenues and expenses created from the cable franchise agreements that the City is a part of. Golf Course Fund 113 148 Recycling Cable Television Golf Course Total Assets Current Assets Cash and temporary investments 79,540$ (10,986)$ 48,907$ 117,461$ Receivables Accrued interest - 458 - 458 Accounts 42,199 16,043 - 58,242 Prepaid items - - 42 42 Total Current Assets 121,739 5,515 48,949 176,203 Noncurrent Assets Capital assets Improvements other than buildings - - 205,474 205,474 Machinery and equipment - 267,544 - 267,544 Total Capital Assets - 267,544 205,474 473,018 Less accumulated depreciation - (86,468) (138,876) (225,344) Net Capital Assets - 181,076 66,598 247,674 Total Assets 121,739 186,591 115,547 423,877 Deferred Outflows of Resources Deferred pension resources 1,741 - 17,785 19,526 Liabilities Current Liabilities Accounts and contracts payable 227 - 696 923 Accrued salaries payable 287 46 2,134 2,467 Due to other governments - - 34 34 Total Current Liabilities 514 46 2,864 3,424 Noncurrent Liabilities Net pension liability 6,084 - 62,148 68,232 Other postemployment benefits payable 332 81 30,728 31,141 Total Noncurrent Liabilities 6,416 81 92,876 99,373 Total Liabilities 6,930 127 95,740 102,797 Deferred Inflows of Resources Deferred pension resources 1,711 - 17,471 19,182 Net Position Investment in capital assets - 181,076 66,598 247,674 Unrestricted 114,839 5,388 (46,477) 73,750 Total Net Position 114,839$ 186,464$ 20,121$ 321,424$ City of Orono, Minnesota Combining Statement of Net Position Nonmajor Proprietary Funds December 31, 2023 Business-type Activities - Enterprise Funds 114 Total AssetsTotal Assets 121,739 186,591 115,547115,547 Deferred Outflows of ResourcesDeferred Outflows of Resources Deferred pension resourcesDeferred pension resources 1,7411,741 -- 17,78517,785 Current LiabilitiesCurrent Liabilities Accounts and contracts payableAccounts and contracts payable 227227 696696 149 Recycling Cable Television Golf Course Total Operating Revenues Charges for services 255,612$ 68,368$ 280,349$ 604,329$ Golf shop - - 21,915 21,915 Golf cart rentals - - 112,871 112,871 Food and beverage - - 26,474 26,474 Total Operating Revenues 255,612 68,368 441,609 765,589 Operating Expenses Personnel services 13,685 (4,633) 242,578 251,630 Other services and charges 190,800 190,800 Supplies - 216 54,868 55,084 Professional services 207,269 52,938 - 260,207 Depreciation - 16,395 3,927 20,322 Administrative charges from the General Fund - 3,125 - 3,125 Other 21,545 - - 21,545 Total Operating Expenses 242,499 68,041 492,173 802,713 Operating Income (Loss) 13,113 327 (50,564) (37,124) Nonoperating Revenues Intergovernmental 8,519 - - 8,519 Investment earnings 3,803 (14) 148 3,937 Miscellaneous revenues 13,520 - 12 13,532 Total Nonoperating Revenues (Expense) 25,842 (14) 160 25,988 Income (Loss) Before Contributions and Transfers 38,955 313 (50,404) (11,136) Capital Contributions from Governmental funds - - 70,525 70,525 Change in Net Position 38,955 313 20,121 59,389 Net Position - January 1 75,884 186,151 - 262,035 Net Position, December 31 114,839$ 186,464$ 20,121$ 321,424$ City of Orono, Minnesota Combining Statement of Revenues, Expenses and Changes in Net Position Nonmajor Proprietary Funds For the Year Ended December 31, 2023 Business-type Activities - Enterprise Funds 115 Total Operating ExpensesTotal Operating Expenses 242,499242,499 68,04168,041 492,173492,173 802,713802,713 Operating Income (Loss)Operating Income (Loss)13,11313,113 327 (50,564)(50,564) Nonoperating Revenues Nonoperating Revenues IntergovernmentalIntergovernmental 8,5198,519 - -- Investment earningsInvestment earnings 3,8033,803 (14) 148148 Miscellaneous revenuesMiscellaneous revenues 13,520 - 1212 Total NonoperatingTotal Nonoperating 150 Recycling Cable Television Golf Course Total Cash Flows from Operating Activities Receipts from customers and users 245,941$ 70,403$ 441,609$ 757,953$ Other operating receipts 13,520 - 12 13,532 Payments to suppliers (246,618) (56,279) (244,980) (547,877) Payments to employees (12,944) (27) (147,882) (160,853) Net Cash Provided (Used) by Operating Activities (101) 14,097 48,759 62,755 Cash Flows from Noncapital Financing Activities Intergovernmental receipts 8,519 - - 8,519 Cash Flows from Capital and Related Financing Activities Acquisition of capital assets - (29,233) - (29,233) Cash Flows from Investing Activities Investment receipts 4,033 - 148 4,181 Net Increase (Decrease) in Cash and Cash Equivalents 12,451 (15,136) 48,907 46,222 Cash and Cash Equivalents, January 1 67,089 4,150 - 71,239 Cash and Cash Equivalents, December 31 79,540$ (10,986)$ 48,907$ 117,461$ Reconciliation of Operating Loss to Net Cash Provided (Used) by Operating Activities Operating Income (loss) 13,113$ 327$ (50,564)$ (37,124)$ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities Depreciation - 16,395 3,927 20,322 Other income related to operations 13,520 - 12 13,532 (Increase) decrease in assets/deferred outflows of resources Accounts receivable (9,671) 2,035 - (7,636) Prepaid items - - (42) (42) Deferred pension resources 936 1,733 (17,785) (15,116) Increase (decrease) in liabilities/deferred inflows of resources Accounts and contracts payable (17,804) - 696 (17,108) Accrued salaries payable 104 (311) 2,134 1,927 Due to other governments - - 34 34 Net pension liability (2,342) (6,163) 62,148 53,643 Other postemployment benefits payable 332 81 30,728 31,141 Deferred pension resources 1,711 - 17,471 19,182 Net Cash Provided (Used) by Operating Activities (101)$ 14,097$ 48,759$ 62,755$ City of Orono, Minnesota Combining Statement of Cash Flows Nonmajor Proprietary Funds For the Year Ended December 31, 2023 Business-type Activities - Enterprise Funds 116 Cash and Cash Equivalents, January 1Cash and Cash Equivalents, January 1 67,08967,089 4,1504,150 -- Cash and Cash Equivalents, December 31Cash and Cash Equivalents, December 31 79,54079,540$ (10,986)$ 48,90748,907$ $ Reconciliation of Operating LossReconciliation of Operating Loss to Net Cash Provided (Used) by Operating Activitiesto Net Cash Provided (Used) by Operating Activities Operating Income (loss)Operating Income (loss)13,11313,113$ $ 327$ $ (50,564)(50,564)$ $ Adjustments to reconcile operating income (loss)Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activitiesto net cash provided (used) by operating activities DepreciationDepreciation -- 16,395 3,9273,927 Other income related to operationsOther income related to operations 13,52013,520 - 12 151 City of Orono, Minnesota General Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Year Ended December 31, 2023 Actual Variance with Original Final Amounts Final Budget Revenues Taxes 5,664,500$ 5,664,500$ 5,613,956$ (50,544)$ Licenses and permits 585,200 585,200 801,514 216,314 Intergovernmental 403,000 403,000 686,742 283,742 Charges for services 4,051,270 4,051,270 3,872,716 (178,554) Fines and forfeitures 80,000 80,000 57,761 (22,239) Investment earnings 160,900 160,900 182,787 21,887 Miscellaneous Rents and refunds 5,400 5,400 5,400 - Other 43,000 43,000 99,946 56,946 Total Revenues 10,993,270 10,993,270 11,320,822 327,552 Expenditures Current General government Administration 536,350 536,350 529,366 6,984 Election 38,800 38,800 35,817 2,983 Assessing 260,000 260,000 254,000 6,000 Finance 334,000 334,000 334,415 (415) Legal 125,000 125,000 144,782 (19,782) Human services 12,400 12,400 9,500 2,900 Central services 317,200 317,200 392,221 (75,021) Total general government 1,623,750 1,623,750 1,700,101 (76,351) Public safety Police 5,371,400 5,371,400 5,446,994 (75,594) Fire 718,800 718,800 793,437 (74,637) Inspection and Zoning 820,970 820,970 841,948 (20,978) Total public safety 6,911,170 6,911,170 7,082,379 (171,209) Public works Streets 1,032,600 1,032,600 1,420,306 (387,706) Parks and recreation Golf course 364,800 364,800 - 364,800 Other 419,950 419,950 444,116 (24,166) Total parks and recreation 784,750 784,750 444,116 340,634 Capital outlay Public safety 221,000 221,000 179,339 41,661 Public Works 20,000 20,000 - 20,000 Total capital outlay 241,000 241,000 179,339 61,661 Total Expenditures 10,593,270 10,593,270 10,826,241 (232,971) Excess of Revenues Over Expenditures 400,000 400,000 494,581 94,581 Other Financing Sources (Uses) Transfers in - - 49,847 49,847 Transfers out (400,000) (400,000) (1,580,000) (1,180,000) Total Other Financing Sources (Uses) (400,000) (400,000) (1,530,153) (1,130,153) Net Change in Fund Balances - - (1,035,572) (1,035,572) Fund Balances, January 1 5,253,315 5,253,315 5,253,315 - Fund Balances, December 31 5,253,315$ 5,253,315$ 4,217,743$ (1,035,572)$ Budget Amounts 117 Human servicesHuman services 12,40012,400 12,40012,400 9,5009,500 Central servicesCentral services 317,200317,200 317,200317,200 392,221392,221 Total general governmentTotal general government 1,623,7501,623,750 1,623,750 1,700,1011,700,101 Public safetyPublic safety 5,371,4005,371,400 5,371,4005,371,400 5,446,9945,446,994 718,800718,800 718,800 793,437793,437 Inspection and ZoningInspection and Zoning 820,970820,970 820,970 841,948841,948 Total public safetyTotal public safety 6,911,1706,911,170 6,911,170 7,082,3797,082,379 Public worksPublic works 152 THIS PAGE IS LEFT BLANKINTENTIONALLY 118 153 INTERNAL SERVICE FUNDS Internal Service funds are used to account for the financing of goods or services provided by one department to other departments of the City, on a cost reimbursement basis. Revenues are recognized in the accounting period in which they are earned and become objectively measurable; expenses are recognized in the period incurred, if objectively measurable. Insurance Fund was established to account for the insurance costs incurred by the City for general liability, property, Compensated Absences Fund was established to account for the accrual of sick and vacation days that are earned by the Fleet Management Fund various vehicles. IT Services was established to account for the cost of IT services to the various City functions and departments. 119 154 City of Orono, Minnesota Internal Service Funds Combining Statement of Net Position December 31, 2023 703 705 701 710 Insurance Compensated Fleet Fund Absences Management IT Services Total Assets Current Assets Cash and temporary investments 277,455$ 741,180$ (231,627)$ (263,975)$ 523,033$ Receivables Accrued interest 84 - 608 735 1,427 Accounts - - - - - Prepaid items 8,000 - - 34,701 42,701 Total Assets 285,539 741,180 (231,019) (228,539) 567,161 Liabilities Current Liabilities Accounts and contracts payable 1,650 - 7,695 63,558 72,903 Accrued salaries payable 49 - 1,602 2,238 3,889 Due to other governments - - 486 - 486 Total Liabilities 1,699 - 9,783 65,796 77,278 Net Position Unrestricted 283,840$ 741,180$ (240,802)$ (294,335)$ 489,883$ 120 UnrestrictedUnrestricted 283,840$ $ 741,180741,180$ $ (240,802)(240,802)$ $ (294,335)(294,335)$ $ $ $ 155 City of Orono, Minnesota Internal Service Funds Combining Statement of Revenues, Expenses and Changes in Net Position For the Year Ended December 31, 2023 703 705 701 710 Insurance Compensated Fleet Fund Absences Management IT Services Total Operating Revenues Charges for services 701,411$ -$ 7,750$ -$ 709,161$ Other 18,920 - 220,716 343,838 583,474 Total Operating Revenues 720,331 - 228,466 343,838 1,292,635 Operating Expenses Personnel services 252,679 - - 115,156 367,835 Supplies - - 795.00 30,175 30,970 Professional services - - - 144,349 144,349 Repairs and maintenance - - 340,193 102,464 442,657 Other Services and Charges 2,891 2,891 Insurance 359,578 - - - 359,578 Total Operating Expenses 612,257 - 343,879 392,144 1,348,280 Operating Income (Loss) 108,074 - (115,413) (48,306) (55,645) Nonoperating Revenues Investment earnings 10,713 38,063 605 734 50,115 Change in Net Position 118,787 38,063 (114,808) (47,572) (5,530) Net Position, January 1 165,053 703,117 (125,994) (246,763) 495,413 Net Position, December 31 283,840$ 741,180$ (240,802)$ (294,335)$ 489,883$ 121 Nonoperating RevenuesNonoperating Revenues Investment earningsInvestment earnings 10,71310,713 38,06338,063 605 734734 Change in Net PositionChange in Net Position 118,787118,787 38,06338,063 (114,808)(114,808) (47,572)(47,572) Net Position, January 1Net Position, January 1 165,053165,053 703,117703,117 (125,994)(125,994) (246,763)(246,763) 495,413 Net Position, December 31Net Position, December 31 283,840283,840$ 741,180$ $ (240,802)(240,802)$ $ (294,335)(294,335)$ 489,883$ 156 City of Orono, Minnesota Internal Service Funds Combining Statement of Cash Flows For the Year Ended December 31, 2023 703 705 701 710 Insurance Compensated Fleet Fund Absences Management IT Services Total Cash Flows from Operating Activities Receipts from customers and users 720,331$ -$ 228,468$ 343,838$ 1,292,637$ Payments to suppliers (357,928) - (335,727) (264,592) (958,247) Payments to employees (252,889) - 1,602 (114,351) (365,638) Net Cash Provided (Used) by Operating Activities 109,514 - (105,657) (35,105) (31,248) Cash Flows from Investing Activities Investment receipts (loss) 11,298 40,229 (3) (1) 51,523 Net Increase (Decrease) in Cash and Cash Equivalents 120,812 40,229 (105,660) (35,106) 20,275 Cash and Cash Equivalents, January 1 156,643 700,951 (125,967) (228,869) 502,758 Cash and Cash Equivalents, December 31 277,455$ 741,180$ (231,627)$ (263,975)$ 523,033$ Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss) 108,074$ -$ (115,413)$ (48,306)$ (55,645)$ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities (Increase) decrease in assets Interest Receivable - - 2 - 2 Prepaid items - - - (23,459) (23,459) Increase (decrease) in liabilities Accounts and contracts payable 1,650 - 7,666 35,855 45,171 Accrued salaries payable (210) - 1,602 805 2,197 Due to other governments - - 486 - 486 Net Cash Provided (Used) by Operating Activities 109,514$ -$ (105,657)$ (35,105)$ (31,248)$ 122 (Increase) decrease in assets(Increase) decrease in assets Interest ReceivableInterest Receivable -- -- 22 - Prepaid itemsPrepaid items -- -- - (23,459)(23,459) Increase (decrease) in liabilitiesIncrease (decrease) in liabilities Accounts and contracts payableAccounts and contracts payable 1,6501,650 -- 7,6667,666 35,85535,855 Accrued salaries payableAccrued salaries payable (210)(210) -- 1,6021,602 805805 Due to other governmentsDue to other governments - -- 486 - Net Cash Provided (Used) byNet Cash Provided (Used) by Operating ActivitiesOperating Activities 109,514109,514$ $ --$ $ (105,657)$ (35,105)(35,105)$ $ 157 STATISTICAL SECTION (UNAUDITED) CITY OF ORONO, MINNESOTA FOR THE YEAR ENDED DECEMBER 31, 2023 123 FOR THE YEAR FOR THE YEAR ENDED DECEMBER 31, DECEMBER 31, 2023 158 THIS PAGE IS LEFT BLANKINTENTIONALLY 124 159 STATISTICAL SECTION (UNAUDITED) comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City Contents Pages Financial Trends 127 - 136 performance and well-being have changed over time. Revenue Capacity 138 - 141 These schedules contain information to help the reader assess the City property taxes. Debt Capacity 142 - 148 These schedules present information to help the reader assess the affordability of the City outstanding debt and the City Demographic and Economic Information 149 - 151 These schedules offer demographic and economic indicators to help the reader understand the environment within which the City Operating Information 152 - 156 These schedules contain service and infrastructure data to help the reader understand how the information in the City City provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the annual financial reports for the relevant year. 125 These schedules offer demographic and economic indicators to help the reader understand the environment within These schedules offer demographic and economic indicators to help the reader understand the environment within which the which the CityCity nformationnformation 15 These schedules contain service and infrastructure data to help the reader understand how the information in the These schedules contain service and infrastructure data to help the reader understand how the information in the CityCity provides and the activities it performs.provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the annual Sources: Unless otherwise noted, the information in these schedules is derived from the annual financial reports for the financial reports for the 160 THIS PAGE IS LEFT BLANKINTENTIONALLY 126 161 City of Orono, Minnesota Summary Financial Report Governmental Funds Revenues and Expenditures For General Operations For the Years Ended December 31, 2023 and 2022 2023 2022 Revenues Taxes 8,438,864$ 7,014,703$ 20.30 % Special assessments 22,698 24,446 (7.15) Licenses and permits 863,960 734,843 17.57 Intergovernmental 1,306,012 1,475,319 (11.48) Charges for services 4,144,378 4,121,474 0.56 Fines and forfeits 160,073 83,741 91.15 Investment earnings (loss) 507,584 (287,118) N/A Miscellaneous 176,889 128,852 37.28 Total Revenues 15,620,458$ 13,296,260$ 17.48 % Per Capita 1,849$ 1,567$ 18.01 % Expenditures Current General government 1,700,101$ 1,406,879$ 20.84 % Public safety 7,084,550 6,096,418 16.21 Public works 1,420,306 922,394 53.98 Parks and recreation 467,192 724,281 (35.50) Community development 154,566 46,406 233.07 Capital outlay Public safety 887,534 191,140 364.34 Public works 15,434,170 2,279,810 576.99 Parks and recreation 31,432 62,880 (50.01) Debt service Principal 1,095,000 735,000 48.98 Interest and other charges 450,581 460,111 (2.07) Total Expenditures 28,725,432$ 12,925,319$ 122.24 % Per Capita 3,401$ 1,523$ 123.24 Total Long-term Indebtedness 17,677,701$ 18,326,006$ (3.54) % Per Capita 2,093 2,160 (3.10) General Fund Balance - December 31 4,217,743$ 5,253,315$ (19.71) % Per Capita 499 619 (19.35) Total Percent Increase (Decrease) The purpose of this report is to provide a summary of financial information concerning the City of Orono to interested citizens. The complete financial statements may be examined at City Hall, 2750 Kelley Parkway, Crystal Bay, Minnesota 55323. Questions about this report should be directed to the Finance Department at (952) 249-4600. 127 ExpendituresExpenditures General governmentGeneral government 1,700,1011,700,101$ 1,406,8791,406,879$ 20.84 Public safetyPublic safety 7,084,5507,084,550 6,096,4186,096,418 16.21 Public worksPublic works 1,420,3061,420,306 922,394922,394 53.98 Parks and recreationParks and recreation 467,192467,192 724,281724,281 (35.50) Community developmentCommunity development 154,566154,566 46,40646,406 233.07 Capital outlayCapital outlay Public safetyPublic safety 887,534887,534 191,140191,140 364.34 162 City of Orono, Minnesota Statistical Section (Unaudited) Net Position by Component Last Ten Fiscal Years (Accrual Basis of Accounting) 2014 2015 2016 2017 Governmental Activities Net investment in capital assets 10,720,258$ 14,269,848$ 16,660,990$ 19,020,035$ Restricted 3,535,595 3,835,852 9,046,977 3,699,095 Unrestricted 9,616,862 3,740,883 (3,794,950) 894,132 Total Governmental Activities Net Position 22,229,721$ 23,872,715$ 21,846,583$ 21,913,017$ Business-type Activities Net investment in capital assets 15,586,266$ 16,042,333$ 15,505,885$ 16,427,467$ Unrestricted 6,105,512 5,946,733 6,411,818 6,001,307 Total Business-type Activities Net Position 21,989,066$ 21,917,703$ 22,428,774$ 22,628,017$ Total Primary Government Net investment in capital assets 26,441,993$ 26,762,591$ 29,775,733$ 33,088,457$ Restricted 3,596,762 3,535,595 3,835,852 9,046,977 Unrestricted 13,882,744 15,563,595 10,152,701 2,206,357 Total Primary Government Net Position 45,861,781$ 43,764,286$ 44,341,791$ 46,241,279$ Fiscal Year Note:The City implemented GASB Statement No. 68 and GASB Statement No. 67 in fiscal 2015. Years prior to 2015 have not been restated. The City implemented GASB Statement No. 75 in fiscal 2018. Years prior to 2018 have not been restated. 128 UnrestrictedUnrestricted 13,882,74413,882,744 15,563,59515,563,595 10,152,70110,152,701 2,206,3572,206,357 Total Primary Government Net PositionTotal Primary Government Net Position 45,861,78145,861,781$ 43,764,28643,764,286$ 44,341,79144,341,791$ 46,241,279$ Note:The City implemented GASB Statement No. 68 and GASB Statement No. 67 in fiscal 2015. Years prior to 2015 have not been Note:The City implemented GASB Statement No. 68 and GASB Statement No. 67 in fiscal 2015. Years prior to 2015 have not been restated. The City implemented GASB Statement No. 75 in fiscal 2018. Years prior to 2018 have not been restated.restated. The City implemented GASB Statement No. 75 in fiscal 2018. Years prior to 2018 have not been restated. 163 2018 2019 2020 2021 2022 2023 23,370,988$ 25,500,646$ 28,256,953$ 31,430,458$ 33,174,764$ 34,721,961$ 3,434,418 2,418,794 2,252,227 1,767,721 1,409,778 2,625,111 (840,224) 1,122,484 (116,070) (544,720) (828,174) 3,717,033 23,613,262$ 25,965,182$ 29,041,924$ 30,393,110$ 33,756,368$ 41,064,105$ 16,940,333$ 17,917,465$ 18,679,663$ 18,910,474$ 20,387,984$ 21,343,572$ 5,687,684 5,086,696 4,389,380 4,774,995 6,340,316 4,080,515 23,004,161$ 23,069,043$ 23,685,469$ 25,278,271$ 26,728,300$ 25,424,087$ 35,960,368$ 41,288,453$ 44,180,309$ 47,167,427$ 53,562,748$ 56,065,533$ 3,699,095 3,434,418 3,202,919 2,867,209 2,704,755 2,625,111 6,581,816 4,246,472 5,511,864 4,658,925 5,512,142 7,797,548 48,969,343$ 52,895,092$ 54,693,561$ 59,239,303$ 61,779,645$ 66,488,192$ Fiscal Year 129 6,581,8166,581,816 4,246,4724,246,472 5,511,8645,511,864 4,658,9254,658,925 5,512,1425,512,142 7,797,5487,797,548 48,969,34348,969,343 52,895,09252,895,092$ $ 54,693,56154,693,561$ 59,239,30359,239,303$ $ 61,779,645$ $ 66,488,19266,488,192$ 164 City of Orono, Minnesota Statistical Section (Unaudited) Changes in Net Position (Continued on the Following Pages) Last Ten Fiscal Years (Accrual Basis of Accounting) 2014 2015 2016 2017 Expenses Governmental activities General government 1,719,267$ 1,864,543$ 2,314,539$ 2,722,779$ Public safety 4,984,389 5,107,619 6,263,133 5,486,330 Public works 854,079 999,097 752,976 393,354 Culture and recreation 254,177 324,731 413,797 420,410 Recycling - - - - Interest on long-term debt 287,181 283,146 258,874 173,552 Total Governmental Activities Expenses 8,099,093 8,579,136 10,003,319 9,196,425 Business-type activities Water 556,766 581,758 634,562 680,595 Sewer 1,184,629 1,332,617 1,401,278 1,429,209 Storm water 186,719 163,747 225,113 190,935 Recycling 114,983 116,642 118,054 126,333 Cable television 12,675 31,802 31,724 48,684 Golf course - - - - Total Business-type Activities Expenses 2,055,772 2,226,566 2,410,731 2,475,756 Total Primary Government Expenses 10,154,865$ 10,805,702$ 12,414,050$ 11,672,181$ Program Revenues Governmental activities Charges for services General government 692,254$ 736,643$ 770,750$ 947,851$ Public safety 2,570,751 2,737,342 2,720,584 2,947,439 Public works 2,998 3,933 5,108 385 Culture and recreation 207,977 499,083 420,184 195,449 Operating grants and contributions 925,968 732,114 671,059 1,174,782 Capital grants and contributions 22,060 13,549 1,070 609 Total Governmental Activities Program Revenues 4,422,008 4,722,664 4,588,755 5,266,515 Business-type activities Charges for services Water 452,429 492,947 594,198 629,736 Sewer 1,200,043 1,297,786 1,505,467 1,408,480 Storm water 318,787 527,255 538,870 289,643 Recycling 113,501 128,387 142,470 140,218 Cable television 71,412 99,632 77,511 76,352 Golf course - - - - Operating grants and contributions 34,500 34,500 34,500 - Capital grants and contributions 178,371 16,765 - 45,218 Total Business-type Activities Program Revenues 2,369,043 2,597,272 2,893,016 2,589,647 Total Primary Government Program Revenues 6,791,051$ 7,319,936$ 7,481,771$ 7,856,162$ Fiscal Year 130 Cable television Cable television 12,675 31,80231,802 31,72431,724 Golf courseGolf course - -- -- Total Business-type Activities ExpensesTotal Business-type Activities Expenses 2,055,7722,055,772 2,226,566 2,410,7312,410,731 2,475,756 Total Primary Government ExpensesTotal Primary Government Expenses 10,154,86510,154,865$ 10,805,70210,805,702$ $ 12,414,05012,414,050$ 11,672,181$ Program RevenuesProgram Revenues Governmental activitiesGovernmental activities Charges for servicesCharges for services General governmentGeneral government 692,254692,254$ 736,643$ $ 770,750770,750$ $ 165 2018 2019 2020 2021 2022 2023 1,947,411$ 818,147$ 1,865,451$ 1,572,281$ 2,028,478$ 1,983,264$ 5,661,624 5,422,838 6,361,790 5,445,046 6,607,975 7,894,893 2,131,198 946,735 1,946,959 1,705,585 2,084,036 2,047,315 465,170 535,357 696,274 731,394 832,389 562,310 - 141,722 111,781 59,265 46,406 154,566 155,122 150,164 138,240 359,970 543,012 399,542 10,360,525 8,014,963 11,120,495 9,873,541 12,142,296 13,041,890 915,730 984,452 1,044,516 1,110,702 1,170,772 1,298,511 1,381,752 1,538,449 1,743,277 1,676,642 1,974,089 2,079,800 143,194 433,908 354,524 310,626 443,573 486,937 127,044 173,049 227,227 232,165 244,021 242,530 51,943 90,586 91,128 100,970 64,010 68,069 - - - - - 492,173 2,619,663 3,220,444 3,460,672 3,431,105 3,896,465 4,668,020 12,980,188$ 11,235,407$ 14,581,167$ 13,304,646$ 16,038,761$ 17,709,910$ 1,147,449$ 966,665$ 984,876$ 1,225,915$ 1,168,166$ 897,294$ 3,102,546 2,656,733 2,607,888 2,798,742 2,772,525 2,965,900 5,826 881,011 638,149 849,480 1,118,347 1,417,579 389,206 86,501 11,711 175,232 120,403 75,295 1,741,370 419,114 976,217 550,474 493,022 1,701,735 820,165 649,359 617,082 273,445 763,475 50,659 7,206,562 5,659,383 5,835,923 5,873,288 6,435,938 7,108,462 699,562 871,125 1,257,201 1,616,435 1,818,457 1,680,871 1,477,225 1,600,046 1,902,088 2,232,546 2,294,626 2,278,986 421,838 361,199 701,562 715,037 741,332 765,631 136,922 131,013 212,038 234,732 248,455 269,132 78,716 80,237 79,588 74,787 72,991 68,368 - - - - - 441,621 34,500 21,058 - 15,982 468,486 8,519 7,400 253,370 6,050 364,815 44,627 84,387 2,856,163 3,318,048 4,158,527 5,254,334 5,688,974 5,597,515 10,062,725$ 8,977,431$ 9,994,450$ 11,127,622$ 12,124,912$ 12,705,977$ Fiscal Year 131 51,94351,943 90,586 91,12891,128 100,970 64,01064,010 68,06968,069 --- -- -- -- 492,173492,173 2,619,6632,619,663 3,220,4443,220,444 3,460,6723,460,672 3,431,1053,431,105 3,896,4653,896,465 4,668,020 12,980,18812,980,188 11,235,40711,235,407$ 14,581,16714,581,167$ $ 13,304,64613,304,646$ $ 16,038,76116,038,761$ $ 17,709,91017,709,910$ $ 1,147,4491,147,449 966,665966,665$ $ 984,876$ $ 1,225,9151,225,915$ $ 1,168,1661,168,166$ 897,294$ 166 City of Orono, Minnesota Statistical Section (Unaudited) Changes in Net Position (Continued) Last Ten Fiscal Years (Accrual Basis of Accounting) 2014 2015 2016 2017 Net Revenues (Expenses) Governmental activities (3,677,085)$ (3,856,472)$ (5,414,564)$ (3,929,910)$ Business-type activities 313,271 370,706 482,285 113,891 Total Primary Government Net Revenues (Expenses) (3,363,814)$ (3,485,766)$ (4,932,279)$ (3,816,019)$ General Revenues and Other Changes in Net Position Governmental activities Taxes Property taxes 4,809,875$ 4,819,345$ 5,021,340$ 5,268,854$ Tax increments - - - - Grants and contributions not restricted to specific programs - - - - Other general revenues 17,337 44,051 149,388 53,207 Unrestricted investment earnings (loss) 215,606 144,252 109,752 114,356 Gain on sale of capital assets 7,961 6,466 45,518 38,738 Transfers 269,300 320,209 155,000 155,000 Total Governmental Activities 5,320,079 5,334,323 5,480,998 5,630,155 Business-type activities Other general revenues 163,719 141,546 160,967 185,909 Grants and contributions not restricted to specific programs - - - - Unrestricted investment earnings (loss) 124,098 67,076 57,319 54,443 Transfers (269,300) (320,209) (155,000) (155,000) Total Business-type Activities 18,517 (111,587) 63,286 85,352 Total Primary Government 5,338,596$ 5,222,736$ 5,544,284$ 5,715,507$ Change in Net Position Governmental activities 1,642,994$ 1,477,851$ 66,434$ 1,700,245$ Business-type activities 331,788 259,119 545,571 199,243 Total Primary Government 1,974,782$ 1,736,970$ 612,005$ 1,899,488$ Note: The City implemented GASB Statement No. 68 and GASB Statement No. 67 in fiscal 2015. Years prior to 2015 have not been restated. The City implemented GASB Statement No. 75 in fiscal 2018. Years prior to 2018 have not been restated. Fiscal Year 132 TransfersTransfers 269,300 320,209320,209 155,000155,000 Total Governmental ActivitiesTotal Governmental Activities 5,320,0795,320,079 5,334,323 5,480,9985,480,998 5,630,155 Business-type activitiesBusiness-type activities Other general revenuesOther general revenues 163,719163,719 141,546141,546 160,967160,967 Grants and contributions not restricted to specific programsGrants and contributions not restricted to specific programs - - - Unrestricted investment earnings (loss)Unrestricted investment earnings (loss)124,098124,098 67,076 57,31957,319 TransfersTransfers (269,300)(269,300) (320,209) (155,000)(155,000) 167 2018 2019 2020 2021 2022 2023 (3,153,963)$ (2,355,580)$ (5,284,572)$ (4,000,253)$ (5,706,358)$ (5,933,428)$ 236,500 97,604 697,855 1,823,229 1,792,509 929,495 (2,917,463)$ (2,257,976)$ (4,586,717)$ (2,177,024)$ (3,913,849)$ (5,003,933)$ 5,510,133$ 5,630,633$ 5,999,083$ 6,551,553$ 6,779,524$ 8,368,232$ - 76,344 82,686 145,895 187,356 78,908 - 26,372 5,321 1,784 16,817 406 193,279 - - - - - 132,799 259,332 173,308 (6,927) (287,466) 508,318 - 63,105 36,217 48,388 2,940 - (41,000) 160,661 170,000 212,500 97,500 2,990,324 5,795,211 6,216,447 6,466,615 6,953,193 6,796,671 11,946,188 79,683 - - - - - - - - - - 451,305 51,588 127,939 88,571 (17,927) (244,980) 305,311 41,000 (160,661) (170,000) (212,500) (97,500) (2,990,324) 172,271 (32,722) (81,429) (230,427) (342,480) (2,233,708) 5,967,482$ 6,183,725$ 6,385,186$ 6,722,766$ 6,454,191$ 9,712,480$ 2,641,248$ 3,860,867$ 1,182,043$ 2,952,940$ 1,090,313$ 6,012,760$ 408,771 64,882 616,426 1,592,802 1,450,029 (1,304,213) 3,050,019$ 3,925,749$ 1,798,469$ 4,545,742$ 2,540,342$ 4,708,547$ Fiscal Year 133 (41,000)(41,000)160,661 170,000170,000 212,500 97,50097,500 2,990,3242,990,324 5,795,2115,795,211 6,216,4476,216,447 6,466,6156,466,615 6,953,1936,953,193 6,796,671 11,946,188 79,68379,683 - -- - -- - --- -- -- -- 451,305 51,58851,588 127,939127,939 88,57188,571 (17,927)(17,927) (244,980)(244,980) 305,311 41,00041,000 (160,661)(160,661) (170,000)(170,000) (212,500)(212,500) (97,500)(97,500) (2,990,324) 168 City of Orono, Minnesota Statistical Section (Unaudited) Fund Balances of Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis of Accounting) 2014 2015 2016 2017 General Fund Nonspendable 40,532$ 74,800$ 25,376$ 13,277$ Unassigned 3,886,128 4,233,687 4,400,222 4,433,559 Total General Fund 3,926,660$ 4,308,487$ 4,425,598$ 4,446,836$ All Other Governmental Funds Restricted 3,625,599$ 3,957,346$ 6,383,149$ 3,685,145$ Committed - - - - Assigned 4,029,776 2,951,616 3,358,915 3,148,848 Unassigned - (178,573) (872,147) (1,050,959) Total All Other Governmental Funds 7,655,375$ 6,730,389$ 8,869,917$ 5,783,034$ Fiscal Year 134 169 2018 2019 2020 2021 2022 2023 118,170$ 119,157$ 30,343$ 40,670$ 33,771$ 93,611$ 4,336,396 4,288,536 4,516,690 4,619,903 5,219,544 4,124,132 4,454,566$ 4,407,693$ 4,547,033$ 4,660,573$ 5,253,315$ 4,217,743$ 3,495,176$ 3,250,008$ 2,908,430$ 18,561,508$ 18,046,016$ 3,807,341$ - 16,741 36,329 38,712 64,885 313,344 2,403,358 2,721,806 2,773,589 3,245,236 3,217,483 6,802,532 (2,759,730) (2,676,572) (3,111,513) (4,484,366) (4,088,655) (2,207,141) 3,138,804$ 3,311,983$ 2,606,835$ 17,361,090$ 17,239,729$ 8,716,076$ Fiscal Year 135 170 City of Orono, Minnesota Statistical Section (Unaudited) Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis of Accounting) 2014 2015 2016 2017 Revenues Taxes 4,840,777$ 4,839,722$ 5,057,941$ 5,258,546$ Licenses and permits 675,204 846,343 715,281 613,218 Intergovernmental 745,062 545,236 496,497 1,025,044 Charges for services 2,569,831 2,896,458 2,973,534 3,165,196 Fines and forfeitures 153,821 134,754 133,354 101,824 Investment earnings 195,862 133,204 97,843 105,079 Special assessments 62,632 70,349 8,537 2,226 Miscellaneous 58,012 64,867 143,976 66,122 Total Revenues 9,301,201 9,530,933 9,626,963 10,337,255 Expenditures Current General government 1,282,487 1,285,064 1,362,293 1,474,265 Public safety 4,906,572 4,906,117 5,073,430 5,298,939 Streets 454,964 496,239 480,765 486,138 Culture and recreation 231,356 268,831 281,340 304,333 Community development - - - - Recycling 4,572 - - 1,590 Capital outlay 3,973,460 2,114,343 1,721,077 2,150,260 Debt service Principal 1,900,000 1,010,000 1,085,788 3,556,024 Interest and other charges 302,728 331,317 344,562 237,286 Bond issuance costs - - - - Total Expenditures 13,056,139 10,411,911 10,349,255 13,508,835 Deficiency of Revenues under expenditures (3,754,938) (880,978) (722,292) (3,171,580) Other Financing Sources (Uses) Transfers in 905,848 1,451,397 1,565,385 1,262,405 Transfers out (636,548) (1,131,188) (1,410,385) (1,107,405) Bond issued 4,070,177 - - - Financed purchase issued - - - - Premium on bonds issued - - 94,956 - Refunding bonds issued - - 2,680,000 - Sale of capital assets 22,662 17,610 48,975 38,738 Total Other Financing Sources (Uses) 4,362,139 337,819 2,978,931 193,738 Net Change in Fund Balances 607,201$ (543,159)$ 2,256,639$ (2,977,842)$ Debt Service as a Percentage of Noncapital Expenditures 16.50% 24.20% 15.80% 16.40% Fiscal Year 136 Culture and recreationCulture and recreation 231,356 268,831268,831 281,340281,340 Community developmentCommunity development - -- -- RecyclingRecycling 4,572 - - Capital outlayCapital outlay 3,973,4603,973,460 2,114,343 1,721,0771,721,077 Debt serviceDebt service 1,900,0001,900,000 1,010,0001,010,000 1,085,7881,085,788 Interest and other chargesInterest and other charges 302,728302,728 331,317 344,562344,562 Bond issuance costsBond issuance costs - - - Total ExpendituresTotal Expenditures 13,056,13913,056,139 10,411,91110,411,911 10,349,25510,349,255 13,508,835 171 2018 2019 2020 2021 2022 2023 5,448,238$ 5,709,173$ 6,043,234$ 6,691,522$ 7,014,703$ 8,438,864$ 954,278 742,042 502,714 781,642 734,843 863,960 1,616,583 966,874 1,439,511 1,048,012 1,475,319 1,306,012 3,211,749 3,647,122 3,578,117 3,941,998 4,121,474 4,144,378 124,060 299,661 72,428 244,444 83,741 160,073 122,659 259,332 173,308 (6,927) (287,118) 507,584 22,935 22,783 35,881 35,759 24,446 22,698 171,219 73,649 141,544 52,371 128,852 176,889 11,671,721 11,720,636 11,986,737 12,788,821 13,296,260 15,620,458 1,433,076 1,271,893 1,732,325 1,348,363 1,406,879 1,700,101 5,628,086 5,446,200 5,599,888 5,857,388 6,096,418 7,084,550 595,740 773,965 1,089,733 811,636 922,394 1,420,306 421,996 480,870 570,346 636,267 724,281 467,192 - 141,722 111,781 59,265 46,406 154,566 - - - - - - 5,771,819 2,607,061 2,568,670 2,892,541 2,533,830 16,353,136 660,000 890,000 925,000 2,150,000 735,000 1,095,000 187,404 184,385 164,613 87,476 460,111 450,581 - - - 325,901 - - 14,698,121 11,796,096 12,762,356 14,168,837 12,925,319 28,725,432 (3,026,400) (75,460) (775,619) (1,380,016) 370,941 (13,104,974) 1,486,307 1,678,274 570,000 1,195,797 397,500 5,921,223 (1,217,307) (1,517,613) (400,000) (983,297) (300,000) (2,860,374) - - - 15,350,000 - - - - - - - 484,900 - - - 653,923 - - - - - - - - 33,097 41,105 39,811 31,388 2,940 - 302,097 201,766 209,811 16,247,811 100,440 3,545,749 (2,724,303)$ 126,306$ (565,808)$ 14,867,795$ 471,381$ (9,559,225)$ 33.70% 8.60% 10.92% 19.31% 11.32% 12.45% Fiscal Year 137 421,996421,996 480,870 570,346570,346 636,267636,267 724,281 467,192467,192 --141,722141,722 111,781111,781 59,26559,265 46,40646,406 154,566154,566 --- - -- -- - 5,771,8195,771,819 2,607,0612,607,061 2,568,670 2,892,5412,892,541 2,533,8302,533,830 16,353,136 660,000660,000 890,000890,000 925,000925,000 2,150,0002,150,000 735,000735,000 1,095,0001,095,000 187,404187,404 184,385184,385 164,613164,613 87,47687,476 460,111460,111 450,581 --- -- 325,901325,901 -- - 14,698,12114,698,121 11,796,09611,796,096 12,762,35612,762,356 14,168,83714,168,837 12,925,31912,925,319 28,725,432 172 City of Orono, Minnesota Statistical Section (Unaudited) Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years Fiscal Year Total Taxable Ended Residential Commercial Industrial Total Assessed Total Direct December 31, (1) Property Property Property Market Value Value Tax Rate 2014 2,353,751,300$ 52,385,700$ 11,937,300$ 2,418,074,300$ 27,566,309$ 17.815 1.14 % 2015 2,468,589,098 50,003,300 12,831,100 2,531,423,498 28,749,183 17.387 1.14 2016 2,664,593,042 51,885,300 14,602,600 2,731,080,942 31,164,748 17.325 1.14 2017 2,810,505,878 53,590,300 15,428,800 2,879,524,978 32,961,379 16.759 1.14 2018 2,932,517,796 49,881,300 20,720,700 3,003,119,796 34,422,178 16.555 1.15 2019 3,094,297,060 54,320,300 21,603,800 3,170,221,160 36,465,048 16.406 1.15 2020 3,345,856,800 62,889,100 19,996,200 3,428,742,100 39,482,419 16.512 1.15 2021 3,504,086,699 62,576,300 19,758,800 3,586,421,799 41,490,542 16.780 1.16 2022 4,244,348,144 67,523,100 21,577,100 4,333,448,344 50,742,986 16.820 1.17 2023 4,801,678,218 67,489,400 33,191,600 4,902,359,218 57,794,187 16.569 1.18 Source: Hennepin County Assessor. (1) Represents the year the taxes are payable, not the year the taxes are levied. Real Property Tax Capacity Actual Value Percentage of Value as a Assessed 138 173 City of Orono, Minnesota Statistical Section (Unaudited) Property Tax Rates - Direct and Overlapping Governments Last Ten Fiscal Years Fiscal Special Year Districts 2014 14.951 2.864 17.815 22.802 49.959 12.367 102.943 % 2015 14.633 2.754 17.387 22.601 46.398 9.785 96.171 2016 14.685 2.640 17.325 23.166 45.356 9.520 95.367 2017 14.328 2.431 16.759 23.352 44.087 11.057 95.255 2018 14.391 2.164 16.555 24.024 42.808 10.667 94.054 2019 14.336 2.070 16.406 23.552 41.861 10.119 91.938 2020 14.557 1.955 16.512 23.109 41.084 9.712 90.417 2021 15.309 1.471 16.780 22.657 38.210 9.235 86.882 2022 14.758 2.062 16.820 23.903 38.535 9.217 88.475 2023 14.589 1.980 16.569 18.934 34.542 8.164 78.209 Source: Hennepin County Assessing Department Millage RateMillage Operating Debt Service Total Direct City of Orono Hennepin Total Rates School Overlapping Direct & No. 278 County District 139 174 City of Orono, Minnesota Statistical Section (Unaudited) Principal Property Taxpayers Current and Nine Years Ago Net Net Tax Tax Taxpayer Capacity Rank Capacity Rank Brackett Point Property LLC 323,000$ 1 0.56 %- % Private Residence 201,650 2 0.35 207,313 1 0.75 Private Residence 188,275 3 0.33 119,625 2 0.43 Private Residence 164,250 4 0.28 105,565 3 0 Metro Storage 155,490 5 0.27 1725 Bohns Point LLC 150,600 6 0.26 Private Residence 143,188 7 0.25 104,258 4 0.38 WJM Properties LLC 128,730 8 0.22 97,010 6 0.35 Private Residence 120,238 9 0.21 100,275 5 0.36 Private Residence 119,847 10 0.21 95,288 7 0 Private Residence - 0.00 83,213 8 0.30 Private Residence - 0.00 81,863 9 0.30 Private Residence - 0.00 77,188 10 0.28 Total 1,695,268$ 2.94 % 1,071,598$ 3.88 % Source: Hennepin County Assessor's Office Tax Capacity Tax Capacity 2023 2014 Percent of Percent of Total Net Total Net 140 Source: Hennepin County Assessor's OfficeSource: Hennepin County Assessor's Office 175 City of Orono, Minnesota Statistical Section (Unaudited) Property Tax Levies and Collections Last Ten Fiscal Years Total Tax Collection Collection Fiscal Levy for of Current of Prior Total Year Fiscal Year Year's Levy Years' Levy Collections 2014 4,743,144$ 4,701,760$ 99.13 41,384$ 4,743,144$ 100.00 % 2015 4,772,000 4,748,327 99.50 23,673 4,772,000 100.00 2016 4,954,480 4,968,026 * 100.27 (13,546) 4,954,480 100.00 2017 5,205,230 5,235,100 * 100.57 (29,870) 5,205,230 100.00 2018 5,439,951 5,379,375 98.89 55,321 5,434,696 99.90 2019 5,816,338 5,771,646 99.23 41,390 5,813,036 99.94 2020 6,007,450 5,935,931 98.81 67,220 6,003,151 99.93 2021 6,610,682 6,556,718 99.18 47,572 6,604,290 99.90 2022 6,944,776 6,897,016 99.31 41,433 6,938,449 99.91 2023 8,387,000 8,337,685 99.23 - 8,337,685 99.41 Source: Hennepin County Treasurer - Auditor. * In 2016 and 2017 the City collected slightly more taxes than they levied for as some residents chose to prepay their property taxes. Collected to Levy Percentage Percentage of Total of Levy Collections 141 Source: Hennepin County Treasurer - Auditor.Source: Hennepin County Treasurer - Auditor. * In 2016 and 2017 the City collected slightly more taxes than they levied for as some residents chose to prepay * In 2016 and 2017 the City collected slightly more taxes than they levied for as some residents chose to prepay their property taxes.their property taxes. 176 City of Orono, Minnesota Statistical Section (Unaudited) Ratios of Outstanding Debt by Type Last Ten Fiscal Years General General Total Fiscal Obligation (G.O.) Public Facility Finance Obligation (G.O.)Primary Per Year Bonds Bonds Purchase Bonds Government Capita 2014 10,620,000$ -$ 17,374$ 1,280,000$ 11,917,374$ 2.04 1,571$ 2015 9,610,000 - 11,812 1,195,000 10,816,812 1.81 1,421 2016 11,431,701 - 6,024 1,138,557 12,557,725 2.48 1,613 2017 7,660,000 - - 1,045,000 8,705,000 1.27 1,132 2018 7,000,000 - - 965,000 7,965,000 1.10 978 2019 6,110,000 - - 885,000 6,995,000 0.91 863 2020 5,265,000 - - 805,000 6,070,000 0.72 733 2021 3,115,000 15,350,000 - 725,000 19,190,000 2.17 2,308 2022 2,300,000 15,350,000 - 640,000 18,290,000 2.07 2,200 2023 1,545,000 15,010,000 484,900 555,000 17,594,900 1.56 2,107 Details regarding the City's outstanding debt can be found in the notes to the financial statements. See the Schedule of Demographic and Economic Statistics for personal income and population data. Percentage of Personal Income Business-type Governmental Activities 142 See the Schedule of Demographic and Economic Statistics for personal income and population data.See the Schedule of Demographic and Economic Statistics for personal income and population data. 177 City of Orono, Minnesota Statistical Section (Unaudited) Ratios of General Bonded Debt Outstanding Last Ten Fiscal Years Governmental Business-type Activities Activities Less General General Amounts Net Fiscal Obligation Obligation Restricted for Bonded Year Bonds Bonds Debt Service Debt Per Capita (2) 2014 10,620,000$ 1,280,000$ 1,189,565$ 10,710,435$ 0.44 1,407$ 2015 9,610,000 1,195,000 2,209,951 8,595,049 0.34 1,104 2016 11,431,701 1,138,557 7,550,955 3,179,045 0.12 413 2017 7,660,000 1,045,000 1,854,112 10,622,589 0.37 1,304 2018 7,000,000 965,000 2,080,923 5,884,077 0.20 726 2019 6,110,000 885,000 2,152,818 4,842,182 0.15 585 2020 5,265,000 805,000 2,140,542 3,929,458 0.11 473 2021 18,465,000 725,000 1,298,000 17,892,000 0.50 2,209 2022 17,650,000 640,000 1,441,100 16,848,900 0.39 1,995 2023 17,039,900 555,000 858,499 16,181,401 0.33 1,916 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. (1) See the Schedule of Assessed Value and Estimated Actual Value of Taxable Property for property value data. (2) Population data can be found in the Schedule of Demographic and Economic Statistics. Estimated Market Value of Taxable Property (1) Percentage of 143 (1) See the Schedule of Assessed Value and Estimated Actual Value of Taxable Property for property value data.(1) See the Schedule of Assessed Value and Estimated Actual Value of Taxable Property for property value data. (2) Population data can be found in the Schedule of Demographic and Economic Statistics.(2) Population data can be found in the Schedule of Demographic and Economic Statistics. 178 THIS PAGE IS LEFT BLANKINTENTIONALLY 144 179 Estimated Share Total Debt of Overlapping Outstanding Sinking Funds Net Debt Debt Direct Debt: City of Orono 17,039,900 $192,995 16,846,905 100.00 %1,352,005$ ISD No. 276 (Minnetonka)119,195,000 2,029,744 117,165,256 0.25 292,913 ISD No. 277 (Westonka)27,385,000 810,781 26,574,219 26.22 6,967,760 ISD No. 278 (Orono)56,655,000 4,231,576 52,423,424 53.14 27,857,808 ISD No. 284 (Wayzata)203,805,000 16,836,062 186,968,938 0.91 1,701,417 Hennepin County 1,071,970,000 15,635,474 1,056,334,526 2.16 22,816,826 Hennepin Suburban Park 54,980,000 5,324,926 49,655,074 2.98 1,479,721 Hennepin Regional RR Authority 81,665,000 1,042,557 80,622,443 2.16 1,741,445 Metropolitan Council 238,225,000 148,501,870 89,723,130 1.07 960,037 1,853,880,000 194,412,990 1,659,467,010 63,817,927 65,169,932$ (1) Note 1: Note: Source 1: Source 2: Hennepin County Total Overlapping Debt Assessed value data used to estimate applicable percentages provided by the County Board of Equalization and Assessment. Debt outstanding data provided by the county. Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident and, therefore, responsible for repaying the debt of each overlapping government. Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. Excludes revenue and special assessment bonds. Total Direct and Overlapping Debt The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages Overlapping Debt: Applicable Percentage Governmental Unit City of Orono, Minnesota Direct and Overlapping Governmental Activities Debt as of December 31, 2023 Estimated Statistical Section (Unaudited) 145 Overlapping governments are those that coincide,Overlapping governments are those that coincide,atat least in part, with the geographic boundariespart, with the geographic boundaries of the City. This schedulethe City. This schedule Overlapping governments are those that coincide,Overlapping governments are those that coincide,atat leastleast in part, with the geographic boundariespart, with the geographic boundaries of the City. This schedulethe City. This schedule estimates the portionestimates the portion of the outstanding debtthe outstanding debt of those overlapping governments thatthose overlapping governments that is borne by the residents and businessesthe residents and businesses the City. Excludes revenue and special assessment bonds.the City. Excludes revenue and special assessment bonds. The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages 180 City of Orono, Minnesota Statistical Section (Unaudited) Legal Debt Margin Information Last Ten Fiscal Years 2014 2015 2016 2017 Debt Limit 72,492,057$ 72,942,051$ 75,942,705$ 81,932,428$ Total Net Debt Applicable to Limit 6,319,308 10,660,892 8,714,780 8,062,670 Legal Debt Margin 66,172,749$ 62,281,159$ 67,227,925$ 73,869,758$ Total Net Debt Applicable to the Limit as a Percent of Debt Limit 8.72% 14.62% 11.48% 9.84% Fiscal Year Note: Under state law, the City's outstanding general obligation debt should not exceed 3 percent of the market value of taxable property. Net debt is payable solely from ad valorem taxes and, therefore, excludes debt financed partially or entirely by special assessments, enterprise fund revenues, or tax increments. Prior to 2008, state law provided that general obligation debt should not exceed 2 percent. By law, the general obligation debt subject to the limitation may be offset by amounts set aside for the extinguishment of those obligations. 146 181 2018 2019 2020 2021 2022 2023 86,385,749$ 90,093,594$ 95,106,635$ 102,551,528$ 107,592,654$ 147,070,777$ 8,705,000 5,884,077 4,842,172 17,443,799 17,390,498 17,075,257 77,680,749$ 84,209,517$ 90,264,463$ 85,107,729$ 90,202,156$ 129,995,520$ 10.08% 6.53% 5.09% 17.01% 16.16% 11.61% Taxable Market Value 4,902,359,218$ Debt Limit (3 Percent of Market Value)147,070,777$ Debt Applicable to Limit General obligation bonds 17,594,900 Less: amount available in debt service funds (519,643) Total Net Debt Applicable to Limit 17,075,257 Legal Debt Margin 129,995,520$ Fiscal Year Legal Debt Margin Calculation for Fiscal Year 2020 147 Debt Limit (3 Percent of Market Value)Debt Limit (3 Percent of Market Value)147,070,777147,070,777$ $ Debt Applicable to LimitDebt Applicable to Limit General obligation bondsGeneral obligation bonds 17,594,90017,594,900 Less: amount available in debt service fundsLess: amount available in debt service funds (519,643) Total Net Debt Applicable to LimitTotal Net Debt Applicable to Limit 17,075,25717,075,257 Legal Debt MarginLegal Debt Margin 129,995,520129,995,520$ 182 City of Orono, Minnesota Statistical Section (Unaudited) Pledged Revenue Coverage Last Ten Fiscal Years Water Less Net Fiscal Charges Operating Available Year and other (2) Expense (1) Revenue Principal (5) Interest Total 2015 615,569$ 577,320$ 38,249$ 85,000$ 31,680$ 116,680$ 32.78 % 2016 706,460 624,253 82,207 75,000 74,044 149,044 80.85 2017 746,514 643,048 103,466 75,000 25,181 100,181 103.28 2018 714,159 818,330 (104,171) 80,000 21,480 101,480 (102.65) 2019 854,551 782,665 71,886 80,000 22,031 102,031 70.45 2020 1,254,730 883,550 371,180 80,000 20,431 100,431 3.70 2021 1,616,088 951,757 664,331 80,000 18,831 98,831 6.72 2022 2,115,650 11,504,710 965,179 85,000 17,180 102,180 9.45 2023 1,660,476 1,114,617 545,859 85,000 15,429 100,429 5.44 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. Note: Information prior to 2015 is not available or not existant. Debt Service Water G.O. Revenue Bonds Coverage 148 183 City of Orono, Minnesota Statistical Section (Unaudited) Demographic and Economic Statistics Last Ten Fiscal Years Education Per Capita Level in Years School Fiscal Population Personal Personal Median of Formal Enrollment Year (1) Income Income Age (2) Schooling (3) 2014 7,611 597,463,500$ 78,500$ 46 - 2,760 4.6 % 2015 7,785 506,281,905 65,033 46 - 2,757 2.9 2016 7,691 685,014,271 89,067 43 - 2,808 2.8 2017 8,147 724,455,244 89,923 47 - 2,790 3.3 2018 8,102 770,192,324 95,062 47 - 2,820 2.5 2019 8,284 838,995,236 101,279 47 - 2,850 2.6 2020 8,315 850,888,430 106,162 48 - 2,834 4.2 2021 8,100 859,912,200 106,162 48 - 2,850 2.3 2022 8,485 1,068,545,500 126,500 45 - 2,885 4.2 2023 8,447 1,099,312,600 135,400 45 - 2,928 3.0 Note: Information on education level was only available in 2010 census data. Data sources (1)Metropolitan Council Estimate in 2022 Estimated, publiclished 7/2023 (2)Based on Metropolitan Council's estimate - numbers are delayed by a year. (3)Hennepin County average/median for non-census years. (4)Minnesota Department of Education, as reported by ISD No. 278 (Orono). (5)Minnesota Department of Economic Security; Hennepin County average for non-census years. Rate (4) Unemployment 149 Based on Metropolitan Council's estimate - numbers are delayed by a year.Based on Metropolitan Council's estimate - numbers are delayed by a year. Hennepin County average/median for non-census years. Hennepin County average/median for non-census years. Minnesota Department of Education, as reported by ISD No. 278 (Orono).Minnesota Department of Education, as reported by ISD No. 278 (Orono). Minnesota Department of Economic Security; Hennepin County average for non-census years. Minnesota Department of Economic Security; Hennepin County average for non-census years. 184 THIS PAGE IS LEFT BLANKINTENTIONALLY 150 185 City of Orono, Minnesota Statistical Section (Unaudited) Principal Employers Current Year and Nine Years Ago Employees Rank Employees Rank ISD No. 278 (Orono)410 1 22.78 %346 1 26.29 % Woodhill Country Club 204 2 11.33 %144 3 8.23 % Wayzata Country Club 158 3 8.78 %230 2 13.14 % Jem Technical 124 4 6.89 %115 4 6.57 % Springhill Country Club 121 5 6.72 %80 6 4.57 % Otten Brothers 100 6 5.56 %98 5 5.60 % Lunds 80 7 4.44 %75 7 4.29 % City of Orono 63 8 3.50 %63 9 2.86 % Culver's 50 9 2.78 %45 8 2.46 % Trails of Orono 42 10 2.33 %- - - Service 800 - - - 30 10 1.71 % Morries' Automotive - - - 30 11 1.71 % Total 1,352 75.11 % 1,256 77.43 % Source: City of Orono and State Department of Commerce and Employers *Total W-2's sent out, which includes part-time and seasonal employees. 2023 2014 Employment Employment Percent Percent of City of City 151 1,3521,352 75.11 %1,2561,256 77.4377.43 Source: City of Orono and State Department of Commerce and EmployersSource: City of Orono and State Department of Commerce and Employers *Total W-2's sent out, which includes part-time and seasonal employees.*Total W-2's sent out, which includes part-time and seasonal employees. 186 City of Orono, Minnesota Statistical Section (Unaudited) Full-time Equivalent Employees by Function Last Ten Fiscal Years 2014 2015 2016 2017 General Government 6.8 7.8 8.0 8.0 Public Safety Police Officers 28.0 27.0 27.0 27.0 Civilians 4.0 4.0 4.0 4.0 Fire - - - - Code Enforcement 6.0 6.0 5.0 5.0 Public Works 4.5 4.5 4.5 4.5 Parks (1) - - - - Water 1.5 1.5 1.5 1.5 Sewer 2.5 2.5 2.5 2.5 Storm Water 0.5 0.5 0.5 0.5 Fleet - - - - Golf 5.0 5.0 5.0 5.0 Total 58.8 58.8 58.0 58.0 Source: City budgets and personnel records. (1) Separated Parks department in 2018 due to hiring Park Supervisor at the end of 2017 Function Note: This table shows 66.5 employees while the Prinicipal Employers schedule shows 63 due to their part time employees included within the table above. 152 TotalTotal 58.858.8 58.858.8 58.058.0 Source: City budgets and personnel records.Source: City budgets and personnel records. (1) Separated Parks department in 2018 due to hiring Park Supervisor at the end of 2017(1) Separated Parks department in 2018 due to hiring Park Supervisor at the end of 2017 Note: This table shows 66.5 employees while the Prinicipal Employers schedule shows 63 due to their part time Note: This table shows 66.5 employees while the Prinicipal Employers schedule shows 63 due to their part time employees included within the table above. employees included within the table above. 187 2018 2019 2020 2021 2022 2023 8.0 8.0 7.0 7.0 8.0 9.0 30.0 30.0 30.0 29.0 33.0 29.0 4.0 4.0 4.0 4.0 4.0 4.0 - - - - - 1.0 5.0 5.0 4.8 4.0 6.0 6.0 5.0 5.0 5.0 5.0 4.0 5.0 0.5 0.5 0.5 2.3 3.5 3.5 2.5 2.5 2.5 3.3 3.0 3.0 2.5 2.5 2.5 3.0 3.0 3.0 0.5 0.5 0.5 1.2 1.0 1.0 - - - - 1.0 1.0 3.0 3.0 3.0 0.5 1.0 1.0 61.0 61.0 59.8 59.3 67.5 66.5 153 61.061.0 61.0 59.859.8 59.3 67.5 66.566.5 188 City of Orono, Minnesota Statistical Section (Unaudited) Operating Indicators by Function Last Ten Fiscal Years 2014 2015 2016 2017 Public Safety Police Initial reports 10,990 10,056 9,320 6,462 Citations 2,437 1,495 1,929 1,509 Building/Zoning Building permits issued 485 470 466 518 Land use applications 56 63 59 110 Water New connections 1,036 1,023 1,036 1,041 Radio read meters - start 2004 1,036 1,010 1,024 1,029 Annual water pumped (thousands of gallons) 96,006 95,701 96,936 108,627 Waste Water New connections 2,218 2,238 2,243 2,256 Annual sewer flow (thousands of gallons) (2) 190,710 201,000 211,900 173,840 Storm Water Sweeping (centerline Miles) (1) 46 46 46 92 Drainage projects 1 1 3 3 Golf Rounds played 10,890 14,334 11,976 11,387 Parks Dog park pass (3) - - - 475 Sources: City department records. (1)Historical data is based on the miles of roads that was included in each sweeping. 2017 data is based on the miles of road that was swept in total. (2)Data received from Metropolitan Council. (3)Passes are issued for each year starting in November of the year prior. Lurton Dog Park opened in 2017. Function 154 Annual sewer flowAnnual sewer flow (thousands of gallons) (2)(thousands of gallons) (2)190,710190,710 201,000201,000 211,900211,900 Storm WaterStorm Water Sweeping (centerline Miles) (1)Sweeping (centerline Miles) (1)4646 4646 4646 Drainage projectsDrainage projects 11 1 3 Rounds playedRounds played 10,89010,890 14,334 11,97611,976 189 2018 2019 2020 2021 2022 2023 5,875 4,997 4,496 4,582 4,094 3,124 1,675 1,331 907 1,064 1,428 1,321 535 660 442 460 425 530 81 95 77 62 71 63 1,087 1,109 1,090 1,126 1,165 1,186 1,072 1,096 1,071 1,165 1,161 1,186 108,923 106,490 131,048 161,542 160,986 149,705 2,287 2,352 2,298 2,485 2,403 2,384 195,420 219,740 234,390 111,024 163,214 238,880 46 46 48 48 48 52 7 6 6 5 3 1 7,007 7,289 16,000 13,964 14,549 15,745 546 537 512 788 799 609 155 195,420195,420 219,740219,740 234,390234,390 111,024111,024 163,214163,214 238,880238,880 4646 4646 4848 48 4848 5252 77 66 66 5 33 1 7,0077,007 7,2897,289 16,00016,000 13,96413,964 14,549 15,74515,745 190 City of Orono, Minnesota Statistical Section (Unaudited) Capital Asset Statistics by Function Last Ten Fiscal Years 2014 2015 2016 2017 Public Safety Police Stations 1 1 1 1 Patrol units 14 14 14 14 Fire stations 1 1 1 1 Public Works Highways and streets Streets (miles) 46 46 46 46 Street lights (1) 135 135 135 135 Culture and Recreation Parks acreage (2) 228 228 228 228 Parks 22 22 22 22 Beaches 4 4 4 4 Utilities Water Miles of water main 18 18 18 23 Wells 3 3 4 4 Water plants 2 2 2 2 Maximum daily capacity (thousands of gallons) 2,160 2,160 3,800 3,800 Sewer Miles of sanitary sewer 47 47 47 61 Pumping stations 46 46 46 46 Golf Clubhouse 1 1 1 1 Holes 9 9 9 9 Source: City department records. (1) Historical streetlights was adjusted to reflect updated inforamtion (2) Historical park acerage was adjusted to reflect updated information Note: No capital asset indicators are avaliable for the general government functions Function 156 33 33 44 Water plantsWater plants 22 22 22 Maximum daily capacity Maximum daily capacity (thousands of gallons)(thousands of gallons)2,1602,160 2,160 3,8003,800 Miles of sanitary sewerMiles of sanitary sewer 4747 47 4747 Pumping stationsPumping stations 4646 46 4646 ClubhouseClubhouse 11 1 1 191 2018 2019 2020 2021 2022 2023 1 1 1 1 1 1 14 14 14 18 18 18 1 1 1 1 1 1 46 46 48 48 48 48 135 148 151 151 151 151 228 228 228 228 228 228 22 22 22 22 22 22 4 4 4 4 4 4 23 23 23 23 23 23 4 4 4 4 4 4 2 2 2 2 2 2 3,800 3,800 3,800 3,800 3,800 3,800 61 62 63 63 63 63 45 45 45 45 45 46 1 1 1 1 1 1 9 9 9 9 9 9 157 44 4 44 4 4 44 22 22 22 2 2 22 3,8003,800 3,8003,800 3,8003,800 3,8003,800 3,8003,800 3,8003,800 6161 6262 6363 63 6363 63 4545 4545 45 4545 4545 46 11 1 1 11 1 1 192 Executive Governance Summary Executive Governance Summary 193 NEED DATE Management, Honorable Mayor and City Council City of Orono, Minnesota We have audited the financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City of Orono, Minnesota, (the City) for the year ended December 31, 2023. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated June 7, 2024. Professional standards also require that we communicate to you the following information related to our audit. Significant Audit Findings In planning and performing our audit of the financial statements, we considered the s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City City internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be a significant deficiency, however significant deficiencies may exist that have not been identified. As described below, we identified a deficiency in internal control that we consider to be a material weakness, as finding 2023-001. 2 City internal control. deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. 194 2023-001 Material Audit Adjustments Condition:During our audit, material adjustments were needed to correct the year-end balances for various accounts receivable and investment balances. Criteria: accounting system need to agree to the underlying supporting documentation. Cause:City staff did not correctly adjust for receivable and payable balances during the year. Effect: control, which could lead to a material misstatement. Recommendation:We recommend management review the related journal entries, obtain an understanding of why the entries were necessary and modify current procedure to ensure that future corrections are not needed. Management Response: Management agrees with the finding and understands the reason the adjustments were needed. Procedures over year- end adjustments will be reevaluated to eliminate the need for related audit adjustments in the future. Compliance and Other Matters misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, and noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit. Also, in accordance with the Uniform Guidance, we examined, on a test basis, evidence Federal programs for the purpose of expressing an opinion on the City compliance with federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs. While our audit provides a reasonable basis for our opinion, it does not provide a legal determination on the matters that is required to be reported in accordance with the Uniform Guidance , Government Auditing Standards or Minnesota statutes. Qualitative Aspects of Accounting Practices Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies were not changed during the year ended December 31, 2023. We noted no transactions entered into by the governmental unit during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. 3 misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, and noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit. Also, in accordance with the Uniform Guidance, we examined, on a test basis, evidence Federal programs for the purpose of expressing an opinion on the City compliance with federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs. While our audit provides a reasonable basis for our opinion, it does not pro vide a legal determination on the 195 Accounting estimates are an integral part of the financial statements prepared by management and are based on accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the financial statements included below: calculated using the straight-line method. allocations are also used in allocating accrued compensated absences payable. retirement age for active employees, life expectancy, turnover, and healthcare cost trend rate. received during the lease term. to, anticipated investment return rate, retirement age for active employees, life expectancy, salary increases and form of annuity payment upon retirement. o The allocation of the pension liability related to Minnesota Public Employee Retirement Association -sharing multiple employer Coordinated and Police and Fire pension plans. We evaluated the key factors and assumptions used to develop these accounting estimates in determining that it is reasonable in relation to the financial statements taken as a whole. The disclosures in the financial statements are neutral, consistent, and clear. Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. Difficulties Encountered in Performing the Audit We encountered no significant difficulties in dealing with management in performing and completing our audit. Corrected and Uncorrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements. The following material misstatements detected as a result of audit procedures were corrected by management: Year-end balances for various accounts receivable accounts. Investment balances needed to be adjusted to market value. 4 -sharing multiple employer Coordinated and Police and Fire pensi on plans. We evaluated the key factors and assumptions used to develop these accounting estimates in determining that it is reasonable in relation to the financial statements taken as a whole. The disclosures in the financial statements are neutral, consistent, and clear. Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. Difficulties Encountered in Performing the Audit 196 Disagreements with Management For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the au audit. Management Representations We have requested certain representations from management that are included in the management representation letter dated NEED DATE. Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, principle to the City those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. Other Matters We applied certain limited procedures to the required supplementary information (RSI) ( Liability, the Schedule of Changes in Net Pension Liability Post-Employment Benefits Plan), which is information that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the supplementary information (combining and individual fund financial statements and schedules), which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We were not engaged to report on the introductory or statistical sections, which accompany the financial statements but are not RSI. We did not audit or perform other procedures on this other information and we do not express an opinion or provide any assurance on them. Other Audit Findings or Issues We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with normal course of our professional relationship and our responses were not a condition to our retention. 5 Employment Benefits Plan), which is information that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the supplementary information (combining and individual fund financial statements ), which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to 197 Future Accounting Standard Changes The following Governmental Accounting Standards Board (GASB) Statements have been issued and may have an impact on future City financial statements: (1) GASB Statement No. 100 -Accounting Changes and Error Corrections Effective: 12/31/2024 GASB Statement No. 101 -Compensated Absences Effective: 12/31/2024 GASB Statement No. 102 Certain Risk Disclosures Effective: 12/31/2025 Further information on upcoming GASB pronouncements. * * * * Restriction on Use This purpose of this communication is solely for the information and use of the City Council and management of the City and is not intended to be, and should not be used by anyone other than those specified parties. Our audit would not necessarily disclose all weaknesses in the system because it was based on selected tests of the accounting records and related data. The comments and recommendations in the report are purely constructive in nature, and should be read in this context. If you have any questions or wish to discuss any of the items contained in this letter, please feel free to contact us at your convenience. We wish to thank you for the continued opportunity to be of service and for the courtesy and cooperation extended to us by your staff. Abdo Minneapolis, Minnesota NEED DATE 6 convenience. We wish to thank you for the continued opportunity to be of service and for the courtesy and cooperation us by your staff. Minneapolis, Minnesota 198 Other Required Reports Other Required Reports 199 City of Orono, Minnesota Other Required Reports Table of Contents For the Year Ended December 31, 2023 Page No. Other Required Reports on Minnesota Legal Compliance 3 Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 4 For Each Major Program and Report on Internal Control over Compliance Required By the Uniform Guidance 6 Schedule of Expenditures of Federal Awards 9 Notes to the Schedule of Expenditures of Federal Awards 10 Schedule of Findings and Questioned Costs 11 Corrective Action Plan 13 2 200 REPORT ON MINNESOTA LEGAL COMPLIANCE Honorable Mayor and City Council City of Orono, Minnesota We have audited, in accordance with auditing standards generally accepted in the United States of America, and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States the financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City of Orono, Minnesota (the City) as of and for the year ended December 31, 2023, and the related notes to the financial statements, and have issued our report thereon dated NEED DATE. In connection with our audit, nothing came to our attention that caused us to believe that the City failed to comply with the provisions of the contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements, miscellaneous provisions, and tax increment financing sections of the Minnesota Legal Compliance Audit Guide for Cities, promulgated by the State Auditor pursuant to Minn. Stat. § 6.65. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, insofar as they relate to accounting matters. This report is intended solely for the information and use of those charged with governance and management of the City and the State Auditor and is not intended to be, and should not be, used by anyone other than these specified parties. Abdo Minneapolis, Minnesota NEED DATE 3 primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, insofar as they relate to accounting matters. This report is intended solely for the information and use of those charged with governance and management of the City and the State Auditor and is not intended to be, and should not be, used by anyone other than these specified parties. 201 REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Honorable Mayor and City Council City of Orono, Minnesota We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statementsof the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City of Orono, Minnesota (the City), as of and for the year ended December 31, 2023, financial statements, and have issued our report thereon dated NEED DATE. Report on Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. We identified a certain deficiency in internal control, described in the accompanying Schedule of Finding and Response as item 2023-001 that we consider to be a material weakness. Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the City's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. 4 In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there 202 Response to Finding Government Auditing Standards identified in our audit and described in the accompanying Schedule of Finding and Re was not subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Abdo Minneapolis, Minnesota NEED DATE 5 203 FOR EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE Honorable Mayor and City Council City of Orono, Minnesota Report on Compliance for Each Major Federal Program Opinion on Each Major Federal Program We have audited the City of Orono, Minnesota (the City) compliance with the types of compliance requirements described in the OMB Compliance Supplement programs for the year ended December 31, 2023 In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended December 31, 2023. Basis for Opinion on Each Major Federal Program We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards Responsibilities for the Audit of Compliance section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit does not provide a Responsibilities of Management for Compliance Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions o 6 could have a direct and material effect on each of its major federal programs for the year ended December 31, 2023 Basis for Opinion on Each Major Federal Program We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards Responsibilities for the Audit of Compliance section of our report. 204 Responsibilities for the Audit of Compliance Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards, Government Auditing Standards,and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the compliance with the requirements of each major federal program as a whole. In performing an audit in accordance with generally accepted auditing standards, Government Auditing Standards, and the Uniform Guidance, we: Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances. audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit. Report on Internal Control Over Compliance A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified. Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed. 7 audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit. Report on Internal Control Over Compliance 205 Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City, as of and for the year ended December 31, 2023, issued our report thereon dated NEED DATE, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the basic financial statements as a whole. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Abdo Minneapolis, Minnesota NEED DATE 8 206 City of Orono, Minnesota Schedule of Expenditures of Federal Awards For the Year Ended December 31, 2023 9 207 City of Orono, Minnesota Notes to the Schedule of Expenditures of Federal Awards For the Year Ended December 31, 2023 1. Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of Orono, Minnesota (the City) under programs of the federal government for the year ended December 31, 2023. The City's reporting entity is defined in Note 1A to the City's financial statements. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of operations of the City, it is not intended to and does not present the financial position, changes in net position or cash flows of the City. 2. Summary of Significant Accounting Policies for Expenditures Expenditures reported on this schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit- Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 3. Pass-through Entity Identifying Numbers Pass-through entity identifying numbers are presented where available. 4. Subrecipients No federal expenditures presented in this schedule were provided to subrecipients. 5. Indirect Cost Rate During the year ended December 31, 2023, the City did not elect to use the 10 percent de minimis indirect cost rate. 10 through entity identifying numbers are presented where available.through entity identifying numbers are presented where available. SubrecipientsSubrecipients No federal expenditures presented in this schedule were provided to subrecipients. No federal expenditures presented in this schedule were provided to subrecipients. Indirect Cost RateIndirect Cost Rate During the year ended December 31, During the year ended December 31, 20232023, the City did not elect to use the 10 percent de minimis indirect cost rate. , the City did not elect to use the 10 percent de minimis indirect cost rate. 208 City of Orono, Minnesota Schedule of Findings and Questioned Costs For the Year Ended December 31, 2023 11 209 City of Orono, Minnesota Schedule of Finding and Response For the Year Ended December, 31 2023 Finding Description 2023-001 Material Audit Adjustments Condition:During our audit, material adjustments were needed to correct the year-end balances for various accounts receivable and investment balances. Criteria: accounting system need to agree to the underlying supporting documentation. Cause:City staff did not correctly adjust for receivable and payable balances during the year. Effect: control, which could lead to a material misstatement. Recommendation:We recommend management review the related journal entries, obtain an understanding of why the entries were necessary and modify current procedure to ensure that future corrections are not needed. Management Response: Management agrees with the finding and understands the reason the adjustments were needed. Procedures over year- end adjustments will be reevaluated to eliminate the need for related audit adjustments in the future. 12 Management agrees with the finding and understands the reason the adjustments were needed. Procedures over yearManagement agrees with the finding and understands the reason the adjustments were needed. Procedures over year end adjustments will be reevaluated to eliminate the need for related audit adjustments in the future.end adjustments will be reevaluated to eliminate the need for related audit adjustments in the future. 210 CORRECTIVE ACTION PLAN The following is our response to finding in the audit as of December 31, 2023 FINDING 2023-001 Material Audit Adjustment During our audit, material adjustments were needed to correct the year-end balances for various accounts receivable and investment balances. Corrective Action Plan (CAP): 1. Explanation of Disagreement with Audit Finding: There is no disagreement with the audit finding. 2. Actions Planned in Response to Finding: Procedures over year-end adjustments will be reevaluated to eliminate the need for related audit adjustments in the future. 3. Official Responsible for Ensuring CAP: Maggie Jin, Finance Director, is the official responsible for ensuring corrective action. 4. Planned Completion Date for CAP: Fiscal year end 2024. 5. Plan to Monitor Completion of CAP: The City Administrator will monitor the completion of the corrective action. 13 Actions Planned in Response to Finding:Actions Planned in Response to Finding: Procedures over Procedures over yearyear-end adjustments will be reevaluated to eliminate the need for related audit adjustments in end adjustments will be reevaluated to eliminate the need for related audit adjustments in the future.the future. Official Responsible for Ensuring CAP:Official Responsible for Ensuring CAP: Maggie JinMaggie Jin, , Finance DirectorFinance Director, is the official responsible for ensuring corrective action., is the official responsible for ensuring corrective action. 211 Date: June 24, 2024 Item: 9 Presenter: Maggie Jin, Finance Director Section: Finance Report Title: Property Assessment Service Contract - Hennepin County 1.Purpose: To gain approval to use Hennepin County Assessors for assessing city properties for an indefinite term of years, to be reviewed on a five-year cycle. 2.Background: The City has contracted with Hennepin County for assessment services since August of 1998. The current one-year agreement expires on July 31, 2024. The proposed agreement covers assessment services for an indefinite term and will be used set the tax base for taxes collected in 2026 and beyond. Currently, 2024 assessment services are $254,000 to be paid by the City of Orono. On May 14, 2024, the Board of Hennepin County Commissioners adopted County Resolution 24-0199. This resolution allows negotiation to be made with jurisdictions within Hennepin County with population under 30,000 and currently under agreement with the county for local assessment services to be performed by the County assessors at no cost to the City. Future assessment services will be included in the County portion of property taxes and no longer paid by the City. The County Assessor will be present at the Council Meeting to provide information. 3.Staff Recommendation: Staff recommends continuing the partnership with Hennepin County Assessor’s office to provide assessment services for city properties. An experienced staff with knowledge of the unique and high quality properties allow the assessors assigned to Orono to provide excellent customer service to our residents. As part of the County, the local assessors also have access to other assessing expertise that the dwindling number of private assessors do not have available to them. City staff also benefits from having the assessors in person to provide direct support to the Administration, Finance and Planning departments. AGENDA ITEM COUNCIL ACTION REQUESTED Motion to approve the attached Hennepin County Joint Powers Agreement for Assessment Services. Exhibits A. JPA for Assessment Services B. County Resolution 24-0199 Executed C. County Resolution 24-0199 Details (With Text) D. Assessor Responsibilities Memo 212 Agreement A________ June 12, 2024 1 JOINT POWERS AGREEMENT FOR ASSESSMENT SERVICES THIS JOINT POWERS AGREEMENT (“Agreement”) is made and entered into by and between the County of Hennepin, a body politic and corporate under the laws of the State of Minnesota (the “County”), and the City of Orono, a municipal corporation under the laws of the State of Minnesota (the “City”). RECITALS 1. WHEREAS, Pursuant to Minn. Stat. § 471.59, subdivision 1, the parties to this Agreement agree to exercise certain powers on behalf of the other or to cooperate with respect to their powers, to the extent and according to the terms provided herein; 2. WHEREAS, Minnesota Statutes Section 273.072 authorizes the County and any city or town lying wholly or partially within the County of Hennepin and constituting a separate assessment district to enter into an agreement, pursuant to Minnesota Statutes Section 471.59, for the provision of assessment services in the city or town by the county assessor; 3. WHEREAS, the City lies wholly within the County of Hennepin and constitutes a separate assessment district; 4. WHEREAS, the City desires the County to perform property tax assessments on behalf of the City and the County agrees to do so; and 5. WHEREAS, the City is willing to share all information, records, data, reports, etc., necessary to allow the County to carry out its responsibilities under this Agreement. NOW, THEREFORE, for mutual consideration, the receipt and sufficiency of which is hereby acknowledged by the parties, the parties agree as follows: AGREEMENT 1. Recitals. The foregoing recitals are incorporated in this Agreement. 2. Purpose. This Agreement describes the duties and responsibilities of each of the parties related to the provision of assessment services to the City by the County. 3. Indefinite Term. This Agreement shall become effective on the Effective Date (as defined in section 19) and shall, unless otherwise terminated in accordance with the provisions hereof, continue in effect for an indefinite term of years. 4. Termination. This Agreement may be terminated by either party, with or without cause, upon ninety (90) days’ written notice. 5. County Responsibilities. 213 Agreement A________ June 12, 2024 2 5.1 The County shall perform, at no cost to the City, property assessments for the City as required by Minnesota Law. The City agrees that the County may perform the assessment services as it deems appropriate. County is responsible for performing the assessment services in compliance with Minnesota Law. 6. City Responsibilities: 6.1 The City shall provide to the County, at no cost, all information, records, data, reports, etc., and the personnel required to transmit the same, as are necessary to allow the County to carry out its responsibilities hereunder, and the City agrees to cooperate in good faith with the County in carrying out the work under this Agreement. 6.2 The City shall provide to the County, at no cost, office space, and office furniture required by the County. Specifically, the City agrees to furnish, without charge, secured office space as needed by the County at appropriate places in the City's offices. Such office space shall be sufficient in size to accommodate reasonably two (2) appraisers and any furniture placed therein. The office space shall be available for the County's use upon request during typical business hours, and during all such hours the County shall be provided with levels of heat, air conditioning and ventilation as are appropriate for the seasons. 7. Non-Discrimination. In accordance with Hennepin County Affirmative Action Policy and the County Commissioners' policies against discrimination, no person shall be excluded from full employment rights or participation in or the benefits of any program, service or activity on the grounds of race, color, creed, religion, age, sex, disability, marital status, sexual orientation, public assistance status, ex-offender status or national origin; and no person who is protected by applicable Federal or State laws, rules and regulations against discrimination shall be otherwise subjected to discrimination. 8. Relationship of Parties; Employees. It is agreed that nothing herein contained is intended or should be construed in any manner as creating or establishing the relationship of joint venturers or co-partners between the parties hereto or as constituting the City as the agent, representative or employee of the County for any purpose or in any manner whatsoever. It is further agreed that in the performance of this Agreement, no employee of the City shall be considered an employee of the County, and no employee of the County shall be considered an employee of the City. Each party is responsible for any and all compensation, rights or benefits of any kind owing to its own employees, including claims pursuant to the Workers’ Compensation Act. 9. Indemnification. 9.1 City: The City agrees that it will defend, indemnify and hold the County, its elected officials, officers, agents, employees and duly authorized volunteers harmless from any and all liability (statutory or otherwise) claims, suits, damages, judgments, 214 Agreement A________ June 12, 2024 3 interest, costs or expenses (including reasonable attorney’s fees, witness fees and disbursements incurred in the defense thereof) resulting from or caused by the negligent or intentional acts or omissions of the City, its officers, agents, contractors, employees or duly authorized volunteers in the performance of the responsibilities provided by this Agreement. The City’s liability shall be governed by Minn. Stat. Chapter 466 and other applicable law, rule and regulation, including common law. 9.2 County: The County agrees that it will defend, indemnify and hold the City, its elected officials, officers, agents, employees and duly authorized volunteers harmless from any and all liability (statutory or otherwise) claims, suits, damages, judgments, interest, costs or expenses (including reasonable attorney’s fees, witness fees and disbursements incurred in the defense thereof) resulting from or caused by the negligent or intentional acts or omissions of the County, its officers, agents, contractors, employees or duly authorized volunteers in the performance of the responsibilities provided by this Agreement. The County’s liability shall be governed by Minn. Stat. Chapter 466 and other applicable law, rule and regulation, including common law. Notwithstanding the foregoing, the City’s exclusive remedy for any violation of this Agreement by the County is specific performance of the Agreement. 10. Dispute Resolution. The parties will use a dispute resolution process for any unresolved dispute between the parties before exercising any legal remedies. The dispute resolution process is a three-level dispute resolution ladder that escalates a dispute. At each level of the dispute resolution process, the parties’ representatives will meet and explore resolution until either party determines that effective resolution is not possible at the current level and notifies the other party that the process is elevated to the next level. The parties designate the following dispute resolution representatives: Level 1: County Assessor and City Administrator; Level 2: Assistant County Administrator Resident Services and City Administrator; Level 3: County Administrator and City Administrator. The parties will complete the dispute resolution process in good faith before resorting to any other legal process or remedy. 11. Force Majeure. If a force majeure event occurs, neither party is responsible for a failure to perform or a delay in performance due to the force majeure event. A force majeure event is an event beyond a party’s reasonable control, such as unusually severe weather, fire, floods, other acts of God, labor disputes, acts of war or terrorism, or public health emergencies. 12. Records. All records kept by the County and City with respect to the provided hereunder are subject to examination by representatives of each party. All data collected, created, received, maintained or disseminated for any purpose by the County and City under this Agreement are governed by Minnesota Statutes, Chapter 13 (“Act”), and the Minnesota Rules implementing the Act. 215 Agreement A________ June 12, 2024 4 13. Audit. Under Minnesota Statutes, Section 16C.05, subdivision 5, the parties agree that the books, records, documents, and accounting procedures and practices relevant to this Agreement are subject to examination by either party and the state auditor or legislative auditor, as appropriate, for at least six years from the end of this Agreement. 14. Notice. Any notice or demand, which may or must be given or made by a party hereto, under the terms of this Agreement or any statute or ordinance, shall be in writing and shall be sent registered or certified mail to the other party addressed as follows: TO CITY: City Administrator City of Orono 2750 Kelley Parkway Orono, MN 55356 TO COUNTY: Hennepin County Administrator 2300A Government Center Minneapolis, MN 55487 copies to: County Assessor Hennepin County 2103A Government Center Minneapolis, MN 55487 Any party may designate a different addressee or address at any time by giving written notice thereof as above provided. Any notice, if mailed, properly addressed, postage prepaid, registered or certified mail, shall be deemed dispatched on the registered date or that stamped on the certified mail receipt and shall be deemed received within the second business day thereafter or when it is actually received, whichever is sooner. Any notice delivered by hand shall be deemed received upon actual delivery. 15. Amendment. Any modifications to this Agreement must be in writing as a formal amendment and executed by both parties. 16. Entire Agreement. This Agreement is the entire agreement between the parties and supersedes all oral agreements and negotiations between the parties relating to this Agreement. All exhibits and attachments to this Agreement are incorporated into the Agreement. If there is a conflict between the terms of this Agreement and any of the exhibits, the Agreement governs. 17. Severability; Waiver. The provisions of this Agreement are severable. If a court finds any part of this Agreement void, invalid, or unenforceable, it will not affect the validity and enforceability of the remainder of this Agreement. A waiver by a party of any part of this Agreement is not a waiver of any other part of the Agreement or of a future breach of the Agreement. 18. Counterparts. This Agreement may be executed in multiple counterparts, all of which when taken together shall compromise one agreement. Delivery of an executed 216 Agreement A________ June 12, 2024 5 counterpart of a signature page of this Agreement by facsimile transmission or electronic transmission (e.g., ‘pdf’ or ‘tif’) shall be effective as delivery of a manually executed counterpart of this Agreement. 19. Effective Date. This Agreement will be effective on August 1, 2024. Each party is signing this Agreement on the date stated below that party’s signature. 217 Agreement A________ June 12, 2024 6 COUNTY BOARD AUTHORIZATION Reviewed by the County Attorney’s COUNTY OF HENNEPIN Office STATE OF MINNESOTA ______________________________ By: _____________________________________ Assistant County Attorney Chair of Its County Board Date: ________________________ ATTEST:_________________________________ Deputy/Clerk of County Board Date:_____________________________________ By: ______________________________________ County Administrator Date:_____________________________________ By: ______________________________________ Assistant County Administrator - Residential Services Date: _____________________________________ Recommended for Approval By: _______________________________ County Assessor/Director, County Assessor Department 218 Agreement A________ June 12, 2024 7 CITY OF ORONO By: _________________________________ Dennis Walsh, Mayor By: _________________________________ Adam Edwards, City Administrator 219 300 South Sixth Street Minneapolis, MN 55487-0240 RESOLUTION Board of Hennepin County Commissioners RESOLUTION: 24-0199 At a meeting of the Board of Hennepin County Commissioners on 5/14/2024, a motion was made by Marion Greene, seconded by Kevin Anderson, that this Resolution be adopt. The motion passed. BE IT RESOLVED, that the County Administrator is directed to negotiate joint powers agreements with jurisdictions within Hennepin County with populations under 30,000 and jurisdictions currently under agreement with the county for local assessment services to be performed by the Hennepin County Assessor at no cost to these jurisdictions. RESOLUTION ADOPTED ON 5/14/2024 The question was on the adoption of the resolution with the votes as follows: Aye:6 Commissioner Fernando, Commissioner Greene, Commissioner Lunde, Commissioner Conley, Commissioner Goettel, and Commissioner Anderson Maria Rose Maria Rose Page 1 Printed on 5/15/24 Hennepin County, Minnesota 220 300 South Sixth Street Minneapolis, MN 55487-0240 Hennepin County, Minnesota Legislation Details (With Text) File #: Version:124-0199 Status:Type:Resolution Approved File created:In control:4/26/2024 Board of Hennepin County Commissioners On agenda:Final action:4/30/2024 5/14/2024 Title:Joint Powers Agreements with the several jurisdictions for assessment services to be performed by Hennepin County Sponsors: Indexes: Code sections: Attachments:1. RESOLUTION Action ByDate Action ResultVer. Board of Hennepin County Commissioners 5/14/2024 1 Resident Services Committee5/7/2024 1 Item Description: Joint Powers Agreements with the several jurisdictions for assessment services to be performed by Hennepin County Resolution: BE IT RESOLVED,that the County Administrator is directed to negotiate joint powers agreements with jurisdictions within Hennepin County with populations under 30,000 and jurisdictions currently under agreement with the county for local assessment services to be performed by the Hennepin County Assessor at no cost to these jurisdictions. Background: For more than 50 years, Hennepin County has been contracting with cities to provide local assessing services. These contracts have required cities to pay the county to perform this local assessor work. The first joint powers agreement between a city and the county began in 1972. Hennepin County has had a long-term strategy of contracting with cities to perform local assessing to ensure accuracy, efficiency, and equitability across all jurisdictions. Over the past several years, Hennepin County has significantly increased the number of cities with whom it contracts for assessing services. Currently, 34 of 45 cities contract with the county either wholly or partially for these functions, with 33 of the contracts expiring on July 31, 2024. In addition, the county is statutorily responsible for the assessments of the Minneapolis/St. Paul Airport and Fort Snelling. These 34 cities collectively pay the county approximately $5.1 million in 2024 for these services. This resolution directs the county to offer a joint powers agreement for local assessing services to cities with populations of 30,000 or less and those currently under current contract with the county at no cost to these cities beginning with the 2025 assessment. By the county providing this service at no cost to these cities, this will reduce the city property tax levy obligations for these cities by $5.1 million collectively. The county assessor’s 2025 budget will reflect an increase of $5.1 million from the county property tax levy to offset this loss of contract revenue. Hennepin County, Minnesota Printed on 5/20/2024Page 1 of 2 powered by Legistar™221 File #:24-0199,Version:1 State law authorizes counties to perform these local assessor obligations in cities with a population less than 30,000 at county cost, Minn. Stat. §§ 273.052 and 273.053; and authorizes counties to contract with cities to perform these obligations if these cities choose to contract with the county. Minn. Stat. §273.072. The joint powers agreements will be perpetual agreements and highlight the services and responsibilities to be provided by the county assessor as required by law. These joint powers agreements will come forward in a separate board action request later this year. Recommendation from County Administrator: Recommend Approval Hennepin County, Minnesota Printed on 5/20/2024Page 2 of 2 powered by Legistar™222 Hennepin County Assessor’s Office 300 S. 6th St. – MC213, Minneapolis, MN 55487 612-348-3046 | hennepin.us Memo To: City Managers, City Administrators, City Clerks, Finance Directors From: Joshua Hoogland, Hennepin County Assessor Date: 6/12/2024 Re: Duties and responsibilities of assessors Duties and responsibilities performed by the Hennepin County Assessor’s Office When choosing the county assessor to perform these functions, a lead appraiser is assigned to the city for day-to-day duties and response to taxpayers and city officials. Duties and responsibilities when choosing the county assessor’s office to perform assessing services are listed below. • Actually view all real and personal property within a 5 year period, as required by law. • Review and appropriately value all new construction, additions, and renovation each year. • Adjust estimated market values on those properties not physically inspected as deemed necessary per sales ratio analysis. • Analyze sales, revalue all properties each year in accordance with the real estate market and prepare the initial assessment roll. • Print and mail valuation notices. • Respond to taxpayers regarding assessment or appraisal problems or inquiries in a timely fashion. • Serve as an assessment resource to taxpayers and city officials. 223 • Conduct valuation reviews prior to Board of Review or Open Book Meetings, as deemed relevant by the City – approximate dates: March 1 through May 15. • Attend Board of Review or conduct Open Book Meeting. Prepare all necessary review appraisals. Approximate dates: April 1 – May 31. • Maintain an updated property file – current values, classification data and characteristic data. • Prepare divisions and combinations as required by plats or other parcel changes. • Administer the abatement process pursuant to Minn. Stat. §375.192. • Prepare appraisals; defend and/or negotiate all Tax Court cases. • Provide all computer hardware and software applications necessary to complete contracted services. • Process all homestead and special program applications. Contact Hennepin County Assessor Joshua Hoogland (612) 348-8853 joshua.hoogland@hennepin.us 224 Date: June 24, 2024 Item: 10 Presenter: Adam Edwards, City Administrator / Engineer Section: City Administrator/Engineer Report Title: Correspondence with City of Long Lake Fire Service from Orono Fire Department. 1.Purpose: The purpose of this item is to discuss potential offers of fire service to the City of Long Lake. 2.Background: Over the past several weeks the cities have had several exchanges with one another, constituents and the media as well as a third round of mediation all to no avail. In order to get things progressing and try and solve some of the disagreements between the two cities elected officials, the legal committee recommends Orono make an overture of good will via an offer of long term support for fire services to Long Lake. 3.Staff Recommendation: I recommend council discuss possible offers to Long Lake. A draft letter is attached for consideration. AGENDA ITEM COUNCIL ACTION REQUESTED Move to approve correspondence with Long Lake. Exhibits 240620-Draft_Letter_to_Long_Lake_on_Free_Fire_Service (1).docx 225 CITY OF ORONO 2750 K ELLEY P ARKWAY ,O RONO ,M INNESOTA 55356 www.oronomn.gov June 24, 2024 Long Lake City Council VIA EMAIL: sweske@longlakemn.gov City of Long Lake 450 Virginia Avenue, PO Box 606 Long Lake, MN 55356 Dear Long Lake City Council, As a follow up to our letter of May 13th, we would like to provide an offer of a future fire service partnership. The offer will allow the citizens of Long Lake to reap the benefits of the new Orono Fire Department (OFD) service model and address any budget or tax impact that Long Lake will face due to the end of the existing fire service contract at the end of 2025. The basic outline of the proposed offer is: 1.The City of Orono will provide fire service to the City of Long Lake at no cost for a period of 20 years. This is estimated at a $150,000 / per year value to Long Lake.There would be further options for extension periods for a fee based on an 1/3 Property value, 1/3 population and 1/3 service call calculation. 2.The City of Long Lake will agree to sell or lease its 50% interest in the Willow Drive Fire Station to the City of Orono a.If selling,the Orono offer would be for 50% of the appraised value. b.If leasing,Orono would pay Long Lake $20,000 per year for 20 years. With options for additional periods of service at $70,000 per year. 3.OFD would provide service to Long Lake at the end of the current contract, January 1, 2026 after a period of orderly transition throughout 2025. During this transition period:the two departments would work and train together;the OFD duty crews would be available to respond throughout the OFD and Long Lake Fire Department (LLFD)service area;and the City of Orono would welcome any LLFD firefighter who wish to continue serving their communities to apply for a position on the OFD. If this outline is acceptable for the Long Lake City Council, please let us know by July 31, 2024. The next steps would be to direct our respective staffs to begin the process of working through the details of the agreement. Regardless of your response,we remain enthusiastic about the opportunity to collaborate and address shared challenges in ways that serve the mutual interests of both communities. We look forward to your response. Respectfully, On behalf of the Orono City Council Denny Walsh, Mayor 226 Date: June 24, 2024 Item: 11 Presenter: Adam Edwards, City Administrator / Engineer Section: Council Committee Reports Title: Council Committee Reports 1.Purpose: The purpose of the agenda item is for the Orono council members to update one another on recent council committee meetings. 2.Last Meeting: The following Committee meetings occurred since the last Council meeting. a. The Communications Committee met on June 20th. 3.Members: A. Communications Committee. Council Members. Denny Walsh & Maria Veach City Staff Members. Adam Edwards AGENDA ITEM COUNCIL ACTION REQUESTED Discussion Item - no formal action required. 227 Date: June 24, 2024 Item: 12 Presenter: Adam Edwards, City Administrator / Engineer Section: Closed Session Title: Closed session to discuss Long Lake v. Orono litigations 1.Purpose: The City Council may close the meeting as permitted by Minn. Stat. §13D.05 subd.3(c)(3) to hold a confidential, attorney-client privileged discussion of legal rights and remedies, potential legal action, and strategy regarding the Long Lake v. Orono litigation. 2.Staff Recommendation: None AGENDA ITEM COUNCIL ACTION REQUESTED None 228