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2019 CAFR
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2019 CAFR
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<br /> <br />The HRA TIF Debt Service Fund decreased by $1,311 due to transferred revenue that covered <br />only principal and interest expenditures. <br /> <br />The HRA TIF Improvement Fund increased by $601,396, substantially due to an increase in <br />revenues of $336,210. <br /> <br />The Street Improvement Project Funds decreased by $21,647 due to the $1,273,143 in other <br />financing sources being less than the revenues under expenditures of $1,294,790. <br /> <br />The Public Utilities Infrastructure Fund decreased by $122,443 substantially due to transfers <br />costs of $251,610 offset by investment earnings of $148,097. <br /> <br />Non-major Special Revenue Funds decreased by $39,802 resulting in an ending balance of <br />$127,514, substantially due to the increase in expenditures of $51,360. <br /> <br />Non-major Debt Service Funds had a total fund balance of $1,062,034, all of which is restricted <br />for the payment of debt service. The net decrease in fund balance during the current year in the <br />non-major debt service funds was $18,152, substantially due to the planned use of fund balance <br />to support the debt service associated with the Public Facilities Revenue Bonds. <br /> <br />Non-major Capital Project Funds had a total fund balance of $1,166,913, a decrease of $142,968 <br />from prior year, substantially due to the decrease in capital related expenditures of $922,920. <br /> <br />Proprietary funds. The City’s proprietary funds provide the same type of information found in <br />the government-wide financial statements, but in more detail. <br /> <br />Total net position in the Liquor Operations, Water and Sewer Funds, and Stormwater Utility <br />Fund at the end of the year combined was $28,333,666. The total net position for each fund was: <br />Liquor – $2,228,821; Water and Sewer – $16,867,291; Stormwater Utility - $9,237,554. <br />23
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