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GOVERNMENTAL FUNDS OVERVIEW
<br />This section of the report provides you with an overview of the financial trends and activities of the City's
<br />governmental funds, which includes the General, special revenue, debt service, and capital project funds.
<br />These funds are used to account for the basic services the City provides to all of its citizens, which are
<br />financed primarily with property taxes. The governmental fund information in the City's financial
<br />statements focuses on budgetary compliance and the sufficiency of each governmental fund's current
<br />assets to finance its current liabilities.
<br />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, 2025, presented both by fund balance classification and by major fund:
<br />Governmental Fund Changes in Fund Balance
<br />Fund balances of governmental funds
<br />Total by classification
<br />Nonspendable
<br />Restricted
<br />Committed
<br />Assigned
<br />Unassigned
<br />Total governmental funds
<br />Total by fund
<br />Major funds
<br />General
<br />Special revenue funds
<br />Tax Increment
<br />COR Land
<br />Capital project funds
<br />RALF Funded Projects
<br />State -Aid Construction
<br />Pavement Management Program
<br />Park Improvement
<br />Nonmajor funds
<br />Total governmental funds
<br />Fund Balance
<br />as of December 31,
<br />2025 2024
<br />$ 29,459
<br />11,000,150
<br />1,891,396
<br />30,327,916
<br />14,436,283
<br />$ 57,685,204
<br />$ 14,462,749
<br />2,780,887
<br />6,965,191
<br />273,915
<br />434,487
<br />8,813,381
<br />11,066,067
<br />12,888,527
<br />$ 57,685,204
<br />$ 14,056
<br />14,953,404
<br />1,514,777
<br />29,749,235
<br />13,311,361
<br />Change
<br />$ 15,403
<br />(3,953,254)
<br />376,619
<br />578,681
<br />1,124,922
<br />$ 59,542,833 $ (1,857,629)
<br />$ 13,324,373
<br />3,362,513
<br />8,597,266
<br />400,837
<br />466,915
<br />11,918,186
<br />9,087,595
<br />12,385,148
<br />$ 1,138,376
<br />(581,626)
<br />(1,632,075)
<br />(126,922)
<br />(32,428)
<br />(3,104,805)
<br />1,978,472
<br />503,379
<br />$ 59,542,833 $ (1,857,629)
<br />In total, the fund balances of the City's governmental funds decreased by $1,857,629 during the year
<br />ended December 31, 2025. The decrease was largely due to the capital spending for the pavement
<br />management program.
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