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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, 2020, presented both by fund balance classification and by fund:
<br />Governmental Fund Changes in Fund Balance
<br />Fund Balance
<br />as of December 31,
<br />2020 2019
<br />Change
<br />Fund balances of governmental funds
<br />Total by classification
<br />Nonspendable $ 17,144 $ 25,441 $ (8,297)
<br />Restricted 27,518,666 19,957,595 7,561,071
<br />Committed 1,326,070 1,184,262 141,808
<br />Assigned 18,886,283 15,297,043 3,589,240
<br />Unassigned 10,073,204 8,856,806 1,216,398
<br />Total governmental funds $ 57,821,367 $ 45,321,147 $ 12,500,220
<br />Total by fund
<br />Major funds
<br />General $ 10,090,053 $ 8,880,446 $ 1,209,607
<br />Special revenue funds
<br />Tax Increment 5,308,619 4,849,174 459,445
<br />COR Land 8,148,079 8,629,937 (481,858)
<br />Private Developer
<br />Debt Service Fund
<br />2011A Armstrong/Bunker Bond 1,355,204 (1,355,204)
<br />Capital Project Fund
<br />Public Improvement Revolving 4,858,510 4,326,318 532,192
<br />Public Works Campus 13,133,106 13,133,106
<br />Nonmajor funds 16,283,000 17,280,068 (997,068)
<br />Total governmental funds $ 57,821,367 $ 45,321,147 $ 12,500,220
<br />As reflected in the table above, total governmental fund balance increased by $12,500,220. The increase
<br />is due in part to continued development in the City and favorable operating results of the General Fund in
<br />the current year. The change was spread across several funds, including the new Public Works Campus
<br />Capital Project Fund, which increased $13,133,106. The increase in this fund was due to transfers from
<br />enterprise funds for their contribution to the new public works facility and from bonds issued at year-end
<br />to finance the remaining portion of the project.
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