2001 CAFR - Laserfiche WebLink

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SPECIAL REVENUE FUNDS Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally or otherwise restricted to expenditures for specific purposes. The following is a summary of the financial activities and fund balances of the City's Special Revenue Funds for 2001 and 2000. 2001 2000 Total revenues and other financing sources $ 5,779,514 $ 3,747,788 Total expenditures and other uses $ 2,524,589 $ 3,491,160 Total fund balances $ 8,525,501 $ 5,270,576 DEBT SERVICE FUNDS Debt Service Funds are used to account for the current year payment of matured principal and interest on long-term general obligation debt. Sources available for payment of the debt service are provided by special assessments, tax increments, general property tax levies and interest earnings on investments. The following is a summary of the financial activities and fund balances of the City's Debt Service Funds for 2001 and 2000. 2001 2000 Total revenues and other financing sources $ 1,307,032 $ 819,015 Total expenditures and other uses $ 1,064,459 $ 679,574 Total fund balances $ 566,387 $ 323,814 CAPITAL PROJECT FUNDS Capital Project Funds are those funds established to account for the financial resources to be used for the acquisition or construction of major capital facilities, other than those financed by Enterprise or Trust Funds. The following is a summary of the financial activities and fund balances of the City's Capital Project Funds for 2001 and 2000. 2001 2000 Total revenues and other financing sources $ 7,532,076 $ 7,625,548 Total expenditures and other uses $ 7,470,252 $ 8,900,290 Total fund balances $ 3,591,155 $ 3,529,331 xiv