2001 CAFR - Laserfiche WebLink

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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 neaz-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City of Roseville's financing requirements. In particulaz, 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 $29,543,219. Approximately 92% of this total amount ($29,262,183) 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) to provide for prepaid items ($8,746), 2) for tax reduction ($2,272,290). The General Fund increased by $17,057 in 2001, which was due to a slightly higher net increase in general revenues over expenses than was expected. The Recreation Fund decreased by $2'79,790, resulting from both lower than expected revenues and higher operating costs. The Community Develop�nent fund decreased in 2001 by $168,427 primarily due to less than expected building permit fees. Both the General Improvement Debt Service and Tax Increment Bond Funds decreased substantially in 2001. This resulted from the calling of several bond issues. The City's Revolving Improvements Fund decreased by 51,150,119. Due to timing differences in project revenues and expenses, a substantial decrease (or increase) can occur. The Economic Increments Fund decreased by $3,584,613 during this fiscal year, as a result of transferring available monies to pay off tax increment debt issues. 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 aze Sewer -$4,994,583, Water - $14,994, Golf - $388,122, Recycling - $54,573 and Storm - $2,690,229. All propriety funds ha.d slight decreases in net assets in 2001, with the exception of the Storm Drainage Fund. Due to timing difFerences in the user fees and capital improvements, decreases (or increases) can occur. Budgetary Highlights General Fund There was a small amendment between the original budget and the final budget for the general fund in the amount of $95,611. While the actual amounts in both revenues and expenses exceeded the original budget ($196,628 and $93,244 respectively), the fund realized a small increase in fund balance of $17,057. 16