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<br />-6- <br />GOVERNMENTAL FUND BALANCES <br /> <br />The following table summarizes the changes in the fund balances of the City’s governmental funds during <br />the year ended December 31, 2023, presented both by fund balance classification and by major fund: <br /> <br />2023 2022 Change <br />Fund balances of governmental funds <br />Total by classification <br />Nonspendable 120,529$ 121,627$ (1,098)$ <br />Restricted 179,652 170,889 8,763 <br />Assigned 250,086 387,961 (137,875) <br />Unassigned 509,715 274,155 235,560 <br />Total governmental funds 1,059,982$ 954,632$ 105,350$ <br />Total by fund <br />General 511,411$ 310,856$ 200,555$ <br />G.O. Capital Improvement Plan Bonds Series 2015A 138,631 134,802 3,829 <br />G.O. Capital Improvement Plan Bonds Series 2018A 108,025 101,772 6,253 <br />Street Improvements Capital Project 250,086 352,691 (102,605) <br />Parks and Playground Capital Project 51,829 54,511 (2,682) <br />Total governmental funds 1,059,982$ 954,632$ 105,350$ <br /> <br />as of December 31, <br />Governmental Funds Change in Fund Balance <br />Fund Balance <br /> <br /> <br />In total, the fund balances of the City’s governmental funds increased by $105,350 during the year. <br />Assigned fund balance decreased $137,875, primarily in street improvements and for the fiscal 2023 <br />budgeted deficit. Unassigned fund balance increased $235,560, mainly from the increase in fund balance <br />in the General Fund. <br />