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Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenue (hpwfsonfoubm!bdujwjujft) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (cvtjoftt.uzqf!bdujwjujft). The governmental activities of the City include general government, public safety, public works, economic development, culture and recreation, and interest on long-term debt. The business-type activities of the City include water, sewer, and storm water. The government-wide financial statements include not only the City itself (known as the qsjnbsz!hpwfsonfou), but also a legally separate Economic Development Authority (the EDA) for which the City is financially accountable. Financial information for this dpnqpofou!voju!is discretely presented from the financial information presented for the primary government itself. The government-wide financial statements start on page 29 of this report. Fund Financial Statements. A gvoe is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other State and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into two categories: governmental funds and proprietary funds. Hpwfsonfoubm!Gvoet. Hpwfsonfoubm!gvoet are used to account for essentially the same functions reported as hpwfsonfoubm!bdujwjujft in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on ofbs.ufsn!jogmpxt!boe!pvugmpxt!pg!tqfoebcmf!sftpvsdft, as well as on cbmbodft!pg!tqfoebcmf!sftpvsdft available at the end of the fiscal year. Such information may be useful in -term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for hpwfsonfoubm!gvoet with similar information presented for hpwfsonfoubm! bdujwjujft in the government-wide financial statements. By doing so, readers may better understand the long-term impact near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between hpwfsonfoubm!gvoet and hpwfsonfoubm!bdujwjujft. The City maintains several individual governmental funds, many of which are combined into the Debt Service fund. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the General, Debt Service, Park and City Street Projects funds. Data from the other non-major governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of dpncjojoh!tubufnfout!ps!tdifevmft elsewhere in this report. The City adopts an annual appropriated budget for its General fund. A budgetary comparison statement has been provided for the General fund to demonstrate compliance with this budget. The basic governmental fund financial statements start on page 34 of this report. Qspqsjfubsz!Gvoe. The City maintains one type of proprietary fund/!Foufsqsjtf!gvoet are used to report the same functions presented as cvtjoftt.uzqf!bdujwjujft in the government-wide financial statements. The City uses enterprise funds to account for its water, sewer, storm water, garbage and recycling. The proprietary fund provides the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for each of the enterprise funds. The basic proprietary fund financial statements start on page 39 of this report. Notes to the Financial Statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements start on page 45 of this report. Required Supplementary Information. In addition to the basic financial statements and accompanying notes, this report provide pension benefits to its employees. Required supplementary information can be found starting on page 68 of this report. 18