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Financial Analysis of the Government's funds Governmental funds. The focus of the City of Roseville's governmental funds is to provide information on near -term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City of Roseville's financing requirements. In particular, unreserved fund balance may serve as useful measure of a government's net resources available for spending at the end of the fiscal year. At the end of the current fiscal year, the City of Roseville's governmental funds reported combined ending fund balances of $31,692,878. Approximately 55% of this total amount ($17,411,373) constitutes unreserved fund balance. The remainder of the fund balance is reserved to indicate that it is not available for new spending because it has already been committed; 1) for tax reduction ($1,949,855), 2) for future infrastructure replacement ($12,217,933),, and 3) for law enforcement activities ($113,717). The General Fund increased by $843,352 in 2003, largely due to land sale proceeds. The proceeds helped offset the loss of $700,000 in state aid that had been originally pledged by the State of Minnesota but was rescinded during mid -2003 in response to their own budget reduction plan. The Recreation Fund increased slightly by $790. The Community Development fund decreased in 2003 by $153,349 primarily due to less than expected building permit fees. Both the General Improvement Debt Service and Tax Increment Bond Funds decreased substantially in 2003. This resulted from the calling of several bond issues in prior years. The City's Revolving Improvements Fund increased $3,468,971 in 2003. The increase was the result of a bond sale that was held in early 2003 to finance the construction of the expansion of City Hall and the Public Works Building. Approximately $3.5 million of construction remained at the end of the fiscal year. Proprietary funds. The City of Roseville's proprietary funds provide the same type of information found in the government -wide financial statements, but in more detail. The unrestricted riet assets in the respective proprietary funds are Sewer - $5,301,096, Water - $149,465), Golf - $389,905, Recycling - $98,666 and Storm - $2,506,272. All propriety funds had slight increases in net assets in 2003. Due to timing differences in the user fees and capital improvements, increases (or decreases) can occur. ku