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GOVERNMENTAL FUND BALANCES
<br />The following table summarizes the changes in the fund balances of the City's governmental funds during
<br />the year ended December 31, 2015, presented both by fund balance classification and by fund:
<br />Governmental Fund Changes in Fund Balance
<br />Fund Balance
<br />as of December 31, Increase
<br />2015 2014 (Decrease)
<br />Fund balances of governmental funds
<br />Total by classification
<br />Nonspendable $ 1,613 $ 4,805 $ (3,192)
<br />Restricted 18,484,179 15,295,400 3,188,779
<br />Committed 890,603 743,944 146,659
<br />Assigned 12,645,683 10,651,554 1,994,129
<br />Unassigned 6,715,297 6,866,785 (151,488)
<br />Total — governmental funds
<br />$ 38,737,375 $ 33,562,488 $ 5,174,887
<br />Total by fund
<br />Major funds
<br />General $ 7,273,045 $ 6,982,569 $ 290,476
<br />Special revenue funds
<br />Tax Increment 4,823,393 2,895,711 1,927,682
<br />COR Land 8,767,239 8,111,761 655,478
<br />Debt Service Fund
<br />2012A G.O. Improvement Bond Refund 725,429 720,349 5,080
<br />2012B Residence at the COR Bond 502,638 (502,638)
<br />Capital Project Fund
<br />Public Improvement Revolving 4,013,134 3,512,726 500,408
<br />Landfill 2,041,869 1,915,813 126,056
<br />Equipment Revolving 1,935,371 1,481,955 453,416
<br />Public Improvement Revolving The COR (23,647) (46,835) 23,188
<br />Fire Station #2 575,084 — 575,084
<br />Nonmajorfunds 8,606,458 7,485,801 1,120,657
<br />Total — governmental funds $ 38,737,375 $ 33,562,488 $ 5,174,887
<br />As reflected in the table above, total governmental fund balance increased by $5,174,887. Developer
<br />reimbursements related to The COR (Center of Ramsey) Development Project and gains on sales of land
<br />held for resale contributed to the increase presented in the table above.
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