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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 $25,036,585. Approximately 43% of this total amount ($10,668,994) 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 ($1,937,526), 2) for future infrastructure replacement ($12,240,31 D.. and 3) for law enforcement activities ($189,754). The General Fund decreased by $1,474,896 in 2004, largely due to the loss of $700,000 in state aid that had been originally pledged by the State of Minnesota but was rescinded in response to their own budget reduction plan. A significant loss was also recorded due to the overall market -value declines in the City's investments. The market value declines were "paper" losses and do not constitute any loss of principle. The Recreation Fund increased substantially by $1,132,029 thanks to a transfer of funds from the City's Parks Infrastructure Fund. This transfer offset the operating losses of the fund. The Community Development fund decreased in 2004 by $150,686 primarily due to less than expected building permit fees. The General Improvement Debt Service Bond Fund increased in 2004, thanks to refunding activity during the fiscal year. The City's Revolving Improvements Fund decreased $5,816,999 in 2004. The decrease was due to the expenditure of funds for expansion of City Hall and the Public Works Building. 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 net assets in the respective proprietary funds are Sewer - $4,929,259, Water - $55,302, Golf - $384,920, Recycling - $66,345 and Storm - $2,504,883. Due to timing differences in the user fees and capital improvements, increases (or decreases) in net assets can occur from year to year.