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City of Centerville <br />May 19, 2010 <br />Page 13 <br />Special Revenue Funds <br />Special revenue funds are used to account for revenue derived from specific taxes or other earmarked revenue sources.They <br />are usually required by statute or local ordinance to finance particular functions or activities of government.A summary of <br />year end fund balances for all special revenue funds follows: <br />Fund Balances <br />December 31, <br />Increase <br />Fund <br />20092008(Decrease) <br />Nonmajor <br />Cable T.V.$20,856$19,222$1,634 <br />Capital Projects Funds <br />The capital projects funds are used to account for the acquisition and construction of major capital facilities other than those <br />financed by enterprise funds.A summary of year end fund balances (deficits) for all capital projects funds follows: <br />Fund Balances (Deficits) <br />December 31, <br />Increase <br />Fund <br />20092008(Decrease) <br />Major <br />2009 Street and Utility Improvements$759,316$(388,468)$1,147,784 <br />Nonmajor <br />Park(242,837)(239,830)(3,007) <br />Pedestrian Trail Ways(225,673)(14,878)(210,795) <br />2006 Municipal Improvements21,424(320,146)341,570 <br />2007 CSAH 14 Improvements353,573367,558(13,985) <br />2007 Development41,88043,680(1,800) <br />2007 Downtown Redevelopment133,523136,659(3,136) <br />Total$841,206$(415,425)$1,256,631 <br />The City should annually evaluate the status of each project to determine if the fund should be closed or if additional funding <br />sources will be needed for deficits.Each deficit indicates a funding shortfall and all will eventually need to be eliminated <br />whether by future charges orby transfers from other funds. <br />