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Special Revenue Funds <br /> Special revenue funds are used to account for revenue derived from specific taxes or other earmarked revenue sources.They are <br /> usually required by statute or local ordinance to finance particular functions or activities of government.A summary of year end <br /> fund balances for all special revenue funds follows: <br /> Fund Balances <br /> December 31, Increase <br /> Fund 2014 2013 (Decrease) <br /> Nonmaj or <br /> Cable T.V. $ 20,403 $ 15,061 $ 5,342 <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 for all capital projects funds follows: <br /> Fund Balances <br /> December 31, Increase <br /> Fund 2014 2013 (Decrease) <br /> Major <br /> Park $ (1,103,264) $ (1,086,915) $ (16,349) <br /> Nonmaj or <br /> Revolving Street 247,653 350,646 (102,993) <br /> Pedestrian Trail Ways 15,838 15,622 216 <br /> 2013 Street Project 173,430 237,170 (63,740) <br /> Capital Equipment Revolving 9,017 43,303 (34,286) <br /> Total $ (657,326) $ (440,174) $ (217,152 <br /> The City should continue to annually evaluate the status of each project to determine if the fund should be closed or if additional <br /> funding sources will be needed for deficits.Each deficit indicates a funding shortfall and all will eventually need to be eliminated <br /> either by future charges or by transfers from other funds. The deficit fund balance in the Park fund of$1,103,264 is due to a <br /> transfer out of$825,000 in 2011 to the Pedestrian Trail Ways to fund the project plan. The decreases in the Revolving Street, <br /> 2013 Street Project.and Capital Equipment Revolving fund are due to street improvement projects and vehicle purchases. <br /> People <br /> +Woo f-,%. <br /> Going <br /> 9 Beyond <br /> Numbers <br />