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2020 CAFR
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2020 CAFR
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<br /> <br /> <br />The HRA TIF Improvement Fund increased by $260,992, substantially due to a reduction in <br />revenues over expenses of $319,655 and $622,937 in transfers out was higher than the previous <br />year by $20,749. <br /> <br />The Street Improvement Project Funds increased by $480,590 due to other financing sources of <br />$2,920,559 exceeding revenues under expenditures of $2,439,969. <br /> <br />The Public Utilities Infrastructure Fund increased by $322,066 substantially due to transfers in of <br />$251,610 plus $70,456 in revenues over expenditures. <br /> <br />Non-major Special Revenue Funds increased by $125,059 resulting in an ending balance of <br />$252,573, substantially due to an increase in revenue over expenditures of $65,773 and a <br />decrease in transfers out of $94,694. <br /> <br />Non-major Debt Service Funds had a total fund balance of $1,068,931, 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 $5,532, substantially due to the planned use of fund balance to <br />support the debt service associated with the Public Facilities Revenue Bonds. <br /> <br />Non-major Capital Project Funds had a total fund balance of $2,167,493, an increase of <br />$1,000,580 from prior year, substantially due to the receipt of intergovernmental revenues. <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 $27,977,036. The total net position for each fund was: <br />Liquor – $2,415,537; Water and Sewer – $16,475,804; Stormwater Utility - $9,085,695. <br />23
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