2021 ACFR - Laserfiche WebLink

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The HRA TIF Improvement Fund increased by $693,553, substantially due to an increase in revenues over expenses of $431,112 and a small reduction in transfers of $1,449. The Street Improvement Project Funds decreased by $597,206 due to other financing sources of $2,144,542 exceeding revenues under expenditures of $2,471,798. The Public Utilities Infrastructure Fund increased by $75,485 substantially due to connection fees of $521,900 less capital outlays of $444,755. Non-major Special Revenue Funds increased by $125,902 resulting in an ending balance of $378,475 substantially due revenue over expenditures of $12,029 and plus net transfers in of $113,873. Non-major Debt Service Funds had a total fund balance of $1,032,751, all of which is restricted for the payment of debt service. The net decrease in fund balance during the current year in the non-major debt service funds was $29,977, substantially due to the planned use of fund balance to support the debt service associated with the Public Facilities Revenue Bonds. Non-major Capital Project Funds had a total fund balance of $2,378,389, an increase of $210,896 from prior year, substantially due to the receipt of park dedication fee revenues of $259,000. Proprietary funds. The City’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. Total net position in the Liquor Operations, Water and Sewer Funds, and Stormwater Utility Fund at the end of the year combined was $29,393,011. The total net position for each fund was: Liquor – $2,610,392; Water and Sewer – $17,437,699; Stormwater Utility - $9,344,920. 25