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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 <br />Nonmajor <br />Cable T.V. <br />Capital Projects Funds <br />Fund Balances <br />December 31, <br />2016 <br />2015 <br />Increase <br />(Decrease) <br />S 34,438 S 26,936 S 7,502 <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 <br />Major <br />Park <br />Nonmaj or <br />Revolving Street <br />Pedestrian Trail Ways <br />Capital Equipment Revolving <br />2013 Street Project <br />Total <br />Fund Balances <br />December 31, <br />2016 2015 <br />S (1,132,980) S (1,116,065) <br />Increase <br />(Decrease) <br />S (16,915) <br />- 306,045 <br />(306,045) <br />12,288 11,406 <br />882 <br />109,562 65,530 <br />44,032 <br />(64,304) (471,947) <br />407,643 <br />S (1,075,434) S (1,205,031) S 129,597 <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. <br />People <br />4-1)vt.��,�, ,. <br />F 9t'4 911'1['1 t f �a• <br />—9— <br />