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CITY FUND BALANCES The audited Fund Balances for City operations at the end of 2013 totaled $22,022,823. A review of those funds and a description of their intended use for budget years 2014 and 2015 are listed below. General Fund (101) - $2,148,539 The General Fund provides resources for financing general services and daily operations of the City including Administration, Finance/Insurance, Police, Fire, Public Works and Parks Maintenance. The fund balance provides the City’s Working Capital, Insurance Reserves, Contract Insurance Reserves/Deductibles, Unemployment Reserves, and funds Pre-Paid Insurance requirements. MSA Bond Fund (207) - $67,565 This is the Debt Service associated with the State-Aid Street Improvement Bonds issued in 2000. The debt will be retired by 2015. Recycling Fund (225) - $3,854 This Special Revenue fund’s was established to manage recycling services and programs within the City limits. Forfeiture Fund (230) - $28,741 This Special Revenue Fund’s revenues are derived from the sale of vehicles and other seized assets confiscated for driving under the influence and drug-related offenses. State statute restricts the use of these funds to supplement the Police Department’s operating fund for use in DUI/Drug-related enforcement, education and training. Fire Training Fund (240) - $3,183 The Fire Training Fund provides additional Police and Fire training outside of the General Fund Levy. Funding of this training is generated by the City’s Certified Fire Instructors providing training services to other jurisdictions. HRA General Fund (301) - ($169,816) The HRA oversees all commercial and residential redevelopment activities in the community. The HRA General Fund allows for the payment of administrative costs which are associated stimulating development within the City. The deficit fund balance will be retired over time. Capital Equipment Fund (401) - ($3,478) The Capital Equipment Fund is used for major capital equipment purchases (refer to the 5-Year Capital Equipment Plan). Current funding is derived from transfers of Liquor profits, Road State aid, Water Infiltration interest earnings and proceeds from the sale of existing equipment. Additional Funding was established in 2013 with a Capital Improvement Levy of $50,000. Park Improvement Fund (501) - $221,952 The Park Improvement Fund provides for the renovation and refurbishing of the City’s park system. Current revenue sources are donations from private sources and park land user fees. The fund revenues are designated for park improvements. 65