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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 $29,218,898. Approximately 72% of this total amount ($21,141,514) 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 ($279,959), and 2) for tax increment financing activities ($7,796,425). 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 - $4,385,301, Water - $(151,022), Golf - $397,124, Recycling - $113,245 and Storm - $2,477,416. Due to timing differences in the user fees and capital improvements, increases (or decreases) in net assets can occur from year to year. General Fund Budgetary Highlights The General Fund balance increased by $221,785 in 2006, largely due to the proceeds from a letter of credit that was drawn against a redevelopment project. These proceeds offset less -than expected property tax collections. Expenditures were somewhat higher than expected due to increased energy - related costs and added public safety costs. 20