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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, 2023, presented both by fund balance classification and by fund:
<br />Governmental Funds Change in Fund Balance
<br />Fund balances of governmental funds
<br />Total by classification
<br />Nonspendable
<br />Restricted
<br />Assigned
<br />Unassigned
<br />Total governmental funds
<br />Fund Balance
<br />as of December 31,
<br />2023 2022 Change
<br />$ — $ 35,350 $ (35,350)
<br />2,254,010 3,324,470 (1,070,460)
<br />9,876,213 9,884,617 (8,404)
<br />5,528,190 5,273,021 255,169
<br />$ 17,658,413 $ 18,517,458 $ (859,045)
<br />Total by fund
<br />General
<br />$ 8,551,350
<br />$ 10,152,628
<br />$ (1,601,278)
<br />Economic Development Authority
<br />Special Revenue
<br />1,429,697
<br />1,399,797
<br />29,900
<br />Community Center Special Revenue
<br />318,133
<br />327,887
<br />(9,754)
<br />TIF District No. 5 Special Revenue
<br />45,226
<br />887,985
<br />(842,759)
<br />Vehicle and Equipment Capital Projects
<br />2,557,036
<br />2,349,987
<br />207,049
<br />Special Projects Capital Projects
<br />2,691,259
<br />1,328,264
<br />1,362,995
<br />Street Improvement Capital Projects
<br />1,286,625
<br />1,034,222
<br />252,403
<br />Nonmajor
<br />779,087
<br />1,036,688
<br />(257,601)
<br />Total governmental funds
<br />$ 17,658,413 $ 18,517,458 $ (859,045)
<br />In total, the fund balances of the City's governmental funds decreased by $859,045, with the decrease in
<br />the restricted classification. Restricted fund balances decreased $1,070,460, primarily in amounts
<br />restricted for tax increment financing.
<br />INS
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