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<br />
<br />NOTE 6 – FUND BALANCE POLICY AND CLASSIFICATION
<br />
<br />A. Classifications
<br />
<br />City had the following classifications of fund balances in its Governmental Funds:
<br />
<br />
<br />Debt Service Fund
<br />Housing and 2012A/2005A Public Public Improvement
<br />Redevelopment Lease Revenue Improvement Equipment Revolving
<br />General Tax Increment Authority Bond Refund Revolving Landfill Revolving The COR Nonmajor Total
<br />Fund balances
<br />Nonspendable
<br />Prepaids 50,561$ -$ -$ -$ -$ -$ -$ -$ 590$ 51,151$
<br />Restricted for
<br />Capital improvements - - - - - - - - 1,190,635 1,190,635
<br />Debt service - - - 699,611 - - - - 4,263,532 4,963,143
<br />Economic development - - - - - - - - 1,359,702 1,359,702
<br />Housing redevelopment - - 8,230,719 - - - - - - 8,230,719
<br />Lawful gambling - - - - - - - - 154,026 154,026
<br />Public safety - - - - - - - - 52,396 52,396
<br />Solid waste management - - - - - - - - 73,099 73,099
<br />Tax increment - 3,124,985 - - - - - - - 3,124,985
<br />- 3,124,985 8,230,719 699,611 - - - - 7,093,390 19,148,705
<br />Committed
<br />Capital improvements - - - - - - - - 571,756 571,756
<br />Community/business programs - - - - - - - - 355,801 355,801
<br />- - - - - - - - 927,557 927,557
<br />Assigned
<br />Capital improvements - - - - 2,915,471 - 2,019,286 - 1,423,806 6,358,563
<br />Cemetery - - - - - - - - 33,556 33,556
<br />Landfill - - - - - 1,846,948 - - - 1,846,948
<br />Park improvement 175,008 - - - - - - - 2,459,915 2,634,923
<br />RALF funded projects - - - - - - - - 18,535 18,535
<br />Parking ramp - - - - - - - - 1,881 1,881
<br />175,008 - - - 2,915,471 1,846,948 2,019,286 - 3,937,693 10,894,406
<br />Unassigned 6,545,825 - - - - - - (236,705) (45,454) 6,263,666
<br />Total fund balances 6,771,394$ 3,124,985$ 8,230,719$ 699,611$ 2,915,471$ 1,846,948$ 2,019,286$ (236,705)$ 11,913,776$ 37,285,485$
<br />Special Revenue Funds Capital Project Fund
<br />
<br />79
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