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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 2013, the HRA's net position increased by $416,461 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 Ciry 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 $57,277,709. Approximately 40% of this total amount-$22,829,081; 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 -$2,908,701, 2) for tax increment financing activities -$7,692,065, 3) bond funded capital improvements -$17,485,834, and 4) debt service - $6,362,028. The fund balances of governmental funds declined by $209,206 in 2013. Increases in capital improvements were offset by the receipt of bond refunding proceeds which are being temporarily held in an escrow account. The Economic Increments Construction Fund accounts for the activities in the City's Tax Increment Financing (TIF) Districts. The Fund's balance increased by $807,446 resulting from the continued collection of tax increment to repay TIF-related infrastructure investments made in prior years. The entire fund balance of $7,692,065 is restricted for TIF-related activities. The Debt Service Fund increased by $4,967,625 largely due to the bond refunding highlighted above. It also increased due to collections of special assessments and tax levies in advance of making debt payments. The Revolving Improvements Fund decreased $5,131,807 due to capital spending of previously issued bond proceeds. 22