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Component Unit The City incorporates the Roseville Housing and Redevelopment Authority (HRA) as a component unit into its financial statements. The HRA accounts for the City's housing - related programs. In 2012, the HRA's net position increased by $177,387 reflecting strong program income. 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, unrestricted 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 $57,486,915. Approximately 42% of this total amount - $24,090,214; constitutes unrestricted fund balance. The remainder of the fund balance is restricted to indicate that it is not available for new spending because it is legally restricted for; 1) various operating purposes - $2,044,165, 2) for tax increment financing activities - $6,884,619, 3) bond funded capital improvements - $23,073,514, and 4) debt service - $1,394,403. The fund balances of governmental funds increased substantially due to the issuance of $17 million in general obligation bonds in November, 2012. These bond proceeds will be used to finance the construction of a new fire station and make various park improvements. The funds will be expended in 2013 -2015. The Economic Increments Construction Fund accounts for the activities in the City's Tax Increment Financing (TIF) Districts. The Fund's balance increased by $1,682,157 resulting from the continued collection of tax increment to repay TIF - related infrastructure investments made in prior years. The entire fund balance of $6,884,619 is restricted for TIF - related activities. The Debt Service Fund decreased by $31,115 due to reduced assessment prepayments compared to previous years. The planned use of cash reserves in the Fund was used to pay a portion of the current year's debt payments. The Revolving Improvements Fund increased $14,390,290 due primarily to the issuance of $17 million in bonds noted above. 22