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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 $32,533,268. Approximately 66% of this total amount ($21,438,126) 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 law enforcement purposes ($356,1'0), and 2} for tax increment financing activities ($10,739,012 ). The Economic Increments Construction Fund accounts for the activities in the City's Tax Increment Financing (TIF) Districts. The Fund's balance increased by $2,9421587 resulting from the capture of excess tax increment above and beyond the amount needed to pay for City obligations. The entire fund balance of $10,739,012 is reserved for TIF- related activities. 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 - $4,300,421, Water - $26,835, Golf - $403,919, Recycling - $124,437 and Storm - $2,399,344. Due to timing differences in the user fees and capital improvements, increases (or decreases) in net assets can occur from year to year. 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 2007, the fund balance increased by $134,366 due to lower than expected housing loan activity. General Fund Budgetary Highlights The General Fund balance decreased by $1,181,364 in 2007, largely due to the repayment of proceeds from a letter of credit that had been drawn against a redevelopment project the previous year. The Fund also decreased due to a one -time transfer of $400,000 to the Recreation Fund to strengthen its reserve levels. 20