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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, 2022, presented both by fund balance classification and by major fund:
<br />Governmental Fund Changes in Fund Balance
<br />Fund Balance
<br />as of December 31,
<br />2022
<br />2021
<br />Change
<br />Fund balances of governmental funds
<br />Total by classification
<br />Nonspendable
<br />$ 36,910 $
<br />36,247
<br />$ 663
<br />Restricted
<br />30,30803
<br />17,331,642
<br />1219771161
<br />Committed
<br />102,136
<br />1,611,150
<br />701986
<br />Assigned
<br />18,344,251
<br />1713585673
<br />9859578
<br />Unassigned
<br />11,064,416
<br />101413,294
<br />6511122
<br />Total governmental funds
<br />$ 61,436,516 $
<br />46,751,006
<br />$ 14051510
<br />Total by fund
<br />Major funds
<br />General
<br />$ 11,095,052 $
<br />10,4491489
<br />$ 6451563
<br />Special revenue funds
<br />Tax Increment
<br />5,831,704
<br />5,043,300
<br />788,404
<br />COR Land
<br />8,148,079
<br />8,148,079
<br />—
<br />Capital Project Funds
<br />State -Aid Construction
<br />1,895,877
<br />1,510,635
<br />3851242
<br />Pavement Management Program
<br />15,102,526
<br />1,706,619
<br />1313951907
<br />Park Improvement
<br />6,94009
<br />6,3131263
<br />6271426
<br />Nonmajor funds
<br />12,422,589
<br />13,5791621
<br />(11157,032)
<br />Total governmental funds
<br />$ 61,436,516 $
<br />461751,006
<br />$ 14051510
<br />In total, the fund balances of the City's governmental funds increased by $14,685,510 during the year
<br />ended December 31, 2022.
<br />The largest changes were in restricted fund balances, primarily in the Capital Project Funds, as noted in
<br />the table above. The increase was mainly in the Pavement Management Program, which was due to the
<br />issuance of the 2022A General Obligation Street Reconstruction bonds which were issued on
<br />December 6, 2022.
<br />In
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