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Tax Increment Fund – This Special Revenue Fund had a year-end fund balance of $2,895,711 which reflects a $229,274 decrease from 2013. The decrease was due to the decertification of Tax Increment Financing District #2 in 2013. Housing and Redevelopment Authority Fund– This Special Revenue Fund had a year-end fund balance of $8,111,761. The decrease of $118,958 is attributed to costs associated with marketing and developing The COR. 2012A G.O. Improvement Bond Refund Fund– This Debt Service Fund had a year-end fund balance of $720,349 with current year tax levies and investment earnings exceeding debt service expenditures. Public Improvement Revolving Fund – This Capital Project Fund saw an overall increase in fund balance of $597,255 which was attributed to the excess revenue transfer per the city’s policy and decrease in highway and streets expenditures. Landfill Fund – This Capital Project Fund showed an overall increase in fund balance of $68,865, which is This fund was originally established to account attributable to a significant increase in investment earnings. for certain landfill-related revenue and the expenditures the City may incur in relation to the landfill. The landfill is now closed and per state statute, funds may be used for expenditures related to improvements that provide a benefit to the entire city. Equipment Revolving Fund – This Capital Project Fund reported a year-end fund balance of $1,481,955. The decrease of $537,331 in fund balance was largely attributable to the purchase of a new fire truck. Public Improvement Revolving The COR Fund – This capital project fund increased overall fund balance $189,870. The increase is attributable to transfers in exceeding expenditures related to the development of The COR including, legal fees, development management fees, platting fees, and public improvements to the area. Proprietary Funds – The City’s Proprietary Funds provide the same type of information found in the government-wide financial statements, but in more detail. The City’s Enterprise Funds had a combined net position balance of $81,343,199 at December 31, 2014. The financial activities of these funds have been summarized in previous charts within this discussion. The Enterprise Funds consist of the Water Utility Fund, Sewer Utility Fund, Street Light Utility Fund, Recycling Utility Fund, and Storm Water Utility Fund. The growth in net position reflects the ongoing expansion and provision of services to the various service areas of the utilities. Page 34