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Financial Analysis of the Government’s Funds <br />As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. <br />Governmental funds. The focus of the City’s governmental funds is to provide information on near-term inflows, outflows and <br />balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unreserved <br />fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. <br />Activity in the City’s major governmental funds is discussed below: <br />Fund Balance (Deficit) December 31 <br />, <br />Increase <br /> Major Funds <br />20112010 (Decrease) <br />$ 1,068,4111,142,321$ 73,910$ <br />General <br />The General fund balance has increased from 2010 and is very strong <br />moving in 2012. <br />$ 2,102,6811,282,492$ (820,189)$ <br />Debt Service <br />The Debt Service fund balance decreased $820,189. The City manages <br />cash flow in all Debt Service funds and ensures adequate resources exist to <br />fund future obligations. <br />Park$ (1,071,510)(1,071,023)$ 487$ <br />The Park fund balance decreased about $500 from previous year. <br />As of the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $1,472,160, a <br />decrease of $1,365,404 in comparison with the prior year. Approximately 10.4 percent of this total amount or $152,389 constitutes <br />unassigned fund balance, which is available for spending at the City’s discretion. The remainder of fund balance is either: 1) <br />Nonspendable ($50,706), 2) Restricted ($1,269,065), 3) Committed ($14,263), or Assigned ($85,491). <br />Proprietary funds. The City’s proprietary funds provide the same type of information found in the government-wide financial <br />statements, but in more detail. <br />Unrestricted net assets of the enterprise funds at the end of the year amounted to $3,595,928. The total decrease in net assets for the <br />funds was $176,079. Other factors concerning the finances of this fund have already been addressed in the discussion of the City’s <br />business-type activities. <br />óîîó <br /> <br />