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FUND BALANCE

Fund balance is used to describe the net position of governmental funds calculated in accordance
with generally accepted accounting principles (GAAP). Budget professionals commonly use this same
term to describe the net position of governmental funds calculated on a government’s budgetary
basis.

Revenues
Beginning Expenditures Net Change to Ending Fund Percent Percent
FUND Fund Balance & Other & Other Uses Fund Balance Balance of Total Change

Sources

General Fund $ 15,333,347 $ 10,788,545 $ 14,070,731 $ (3,282,186) $ 12,051,161 40% -21%

Enterprise Funds 6,501,477 5,724,016 6,013,468 (289,452) 6,212,025 21% -4%

Internal Service M&R 1,865,614 2,980,775 2,033,287 947,488 2,813,102 9% 51%

Special Revenue Funds 690,025 2,465,250 2,381,299 83,951 773,976 3% 12%
108,588 2,760,000 2,868,588 (108,588) (0) 0% -100%
Debt Service Funds
4,901,321 4,614,602 2,991,720 1,622,882 6,524,203 22% 33%
Capital Projects Funds

Municipal Total 29,400,373 29,333,188 30,359,093 (1,025,905) 28,374,468 94% -3%

Academic Funds 1,958,999 9,371,746 9,432,983 (61,238) 1,897,761 6% -3%
TOTAL ALL FUNDS $ 31,359,372 $ 38,704,934 $ 39,792,076 $ (1,087,143) $ 30,272,229 100% -3%

Fund Balance will only be used with Council approval and can only be used for the following:

 Emergencies, and their related response and/or necessary repairs to major equipment failure or
damage, such as a natural disaster, pandemic, epidemic, or quarantine.
 Specific capital improvement projects or be transferred to the Capital Projects Fund.
 Major maintenance projects not meeting Capital Project criteria as identified in the Adopted
Budget’s Capital Improvement Plan.
 Acquisition of technology hardware and/or software such as Geographic Information Systems (GIS),
public safety technology enhancements, and fiber optic technology.
 Local matches on State or Federal grants.
 One-time (i.e. non-reoccurring) employee performance pay

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