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Governmental Funds
<br />The focus of the City's governmental funds is to provide information on near-term inflows, outflows, and
<br />balances of spendable resources. Such information is useful in assessing the City's financing requirements. In
<br />particular, unreserved fund balance may serve as a useful measure of a government's net resources available
<br />for spending at the end of the fiscal year.
<br />Total Assets
<br />Total Liabilities
<br />Fund Balances:
<br />Nonspendable:
<br />Inventory
<br />Perm. Fund Principal
<br />Restricted for:
<br />Debt Service
<br />Capital Projects
<br />Notes
<br />Law Enforcement
<br />Health
<br />Assigned:
<br />Library
<br />Community Development
<br />Unassigned:
<br />General Fund
<br />Total Fund Balances
<br />Total Liabilities and
<br />Fund Balances
<br />Governmental Funds
<br />2011 2012
<br />$ 18,253,551
<br />$ 1,493,601
<br />199,519
<br />88,520
<br />3,426,387
<br />95,900
<br />132,367
<br />215,389
<br />123,249
<br />322,450
<br />12,156,169
<br />16,759,950
<br />$ 18,253,551
<br />$ 19,322,332
<br />$ 1,461,188
<br />218,117
<br />89,632
<br />2,797,611
<br />1,999,980
<br />92,216
<br />140,953
<br />301,579
<br />126,182
<br />330,281
<br />11,764,593
<br />17,861,144
<br />$ 19,322,332
<br />As of the end of the current fiscal year, the City's governmental funds reported combined ending fund
<br />balances of $17,861,144. Approximately 65.86% of this total amount ($11,764,593) constitutes unassigned
<br />fund balance, which is available for spending at the government's discretion. The remainder of fund balance
<br />is reserved to indicate that it is not available for new spending because it is non-spendable, restricted, or
<br />assigned to 1) permanent fund principal ($89,632), 2) pay debt service ($2,797,611), 3) outstanding notes
<br />($92,216), 4) inventory ($218,117), 5) law enforcement ($140,953), 6) health ($301,579), 7) library
<br />($126,182), 8) community development ($330,281), and 9) capital projects ($1,999,980).
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