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CITY OF LAKE ELMO, MINNESOTA <br />NOTES TO THE BASIC FINANCIAL STATEMENTS <br />DECEMBER 31, 2024 <br /> <br /> <br />57 <br />NOTE 2 DETAIL NOTES ON TRANSACTION CLASSES/ACCOUNTS (Continued) <br /> <br />2.F. FUND EQUITY <br /> <br />At December 31, 2024, governmental fund equity consists of the following: <br /> <br />Restricted Committed Assigned Unassigned <br />General Fund <br />Unassigned -$ -$ -$ 10,324,572$ <br />Debt Service Fund <br />Restricted for Debt Service 5,678,193$ -$ -$ -$ <br />2024 Street & Utility Improvement Fund <br />Restricted for Capital Improvements 368,438$ -$ -$ -$ <br />Hudson Blvd Imp-Seg A-InwdHdrx Fund <br />Restricted for Capital Improvements 1,219,181$ -$ -$ -$ <br />Nonmajor Governmental Funds <br />Restricted for Park Improvements 2,185,344$ -$ -$ -$ <br />Restricted for the Development of Ball Parks 1,000,000 - - - <br />Restricted for Heritage Farms Street and Utility Improvements 242,783 - - - <br />Restricted for City Hall/Fire Station Project 1,462,461 - - - <br />Restricted for Tamarack Farm Estates Street Improvements 128,269 - - - <br />Restricted for 2022 Street Improvements 368,772 - - - <br />Committed for Lions Park - 27,239 - - <br />Assigned for Economic Development Authority - - 12,853 - <br />Assigned for Vehicle Acquisition - - 697,318 - <br />Assigned for Infrastructure Reserve - - 694,028 - <br />Assigned for City Facilities - - 102,867 - <br />Assigned for Manning and Hudson Future Stoplight - - 27,984 - <br />Assigned for Manning and Highway 36 Interchange - - 2,677 - <br />Assigned for 2023 Street Improvements - - 270,602 - <br />Assigned for 15th Street N Improvement - - 60,277 - <br />Assigned for Fire Equipment & Projects 346,447 <br />Assigned for Street Maintenance 148,419 <br />Unassigned - - - (987,666) <br />Total Nonmajor Governmental Funds Balance 5,387,629$ 27,239$ 2,363,472$ (987,666)$ <br />