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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 Fund Change in Fund Balance
<br />Fund Balance
<br />as of December 31,
<br />2023 2022
<br />Change
<br />Fund balances of governmental funds
<br />Total by classification
<br />Nonspendable
<br />$ 43,847
<br />$ 38,579
<br />$ 5,268
<br />Restricted
<br />2,103,255
<br />1,641,192
<br />462,063
<br />Committed
<br />713,987
<br />658,457
<br />55,530
<br />Assigned
<br />6,644,390
<br />5,471,259
<br />1,173,131
<br />Unassigned
<br />2,659,048
<br />2,854,218
<br />(195,170)
<br />Total governmental funds
<br />$ 12,164,527
<br />$ 10,663,705
<br />$ 1,500,822
<br />Total by fund
<br />General
<br />$ 3,205,735
<br />$ 3,366,237
<br />$ (160,502)
<br />Permanent Improvement Revolving
<br />5,605,205
<br />4,702,027
<br />903,178
<br />Other governmental funds
<br />3,353,587
<br />2,595,441
<br />758,146
<br />Total governmental funds
<br />$ 12,164,527 $ 10,663,705 $ 1,500,822
<br />In total, the fund balances of the City's governmental funds increased by $1,500,822 during the year
<br />ended December 31, 2023. The largest increases were in amounts restricted for public safety and tax
<br />increment purposes, along with increases in amounts assigned for capital improvements and public safety
<br />capital equipment.
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