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Management's Discussion and Analysis <br />The City maintains four individual major governmental funds. Information is presented <br />separately in the governmental fund balance sheet and in the governmental fund statement of <br />revenues, expenditures and changes in fund balance for the following major funds: <br />• General Fund <br />• G.O. Improvement Bonds of 2005A — Debt Service Fund <br />• G.O. Improvement Notes of 2009A — Debt Service Fund <br />• Area and Unit Charge — Capital Project Fund <br />Data from the other governmental funds are combined into a single, aggregated presentation. <br />Individual fund data for each of these nonmajor governmental funds is provided in the form <br />of combining statements elsewhere in this report. <br />The City adopts an annual appropriated budget for its General Fund and its Program <br />Recreation special revenue fund. A budgetary comparison schedule has been provided for <br />those funds to demonstrate compliance with this budget. <br />The basic governmental fund financial statements are statements 3 through 6 of this report. <br />Proprietary funds. The City maintains two enterprise funds as a part of its proprietary fund <br />type. Enterprise funds are used to report the same functions presented as business -type <br />activities in the government -wide financial statements. The City uses enterprise funds to <br />account for its water and sewer utilities. <br />The proprietary fund statements provide the same type of information as the government - <br />wide financial statements, only in more detail. The proprietary fund financial statements <br />provide separate information for the water and sewer funds, which are considered to be major <br />funds of the City. The basic proprietary fund financial statements are statements 7 through 9 <br />of this report. <br />Fiduciary Funds. Fiduciary funds are used to account for resources held by the City as an <br />agent for individuals, private organizations, or other governments. Fiduciary funds are not <br />reflected by the government -wide financial statements because the resources of those funds <br />are not available to support the City's own programs. <br />The basic fiduciary fund statements are Statements 10 and 28. <br />Notes to the financial statements. The notes provide additional information that is essential <br />to a full understanding of the data provided in the government—wide and fund financial <br />statements. The notes to the financial statements can be found following Statement 10. <br />Other information. The combining statements referred to earlier in connection with non - <br />major governmental funds are presented immediately following the required supplementary <br />information. Combining and individual fund statements and schedules are presented as <br />Statements 19 through 27. <br />19 <br />