Reso 2015-034 - Laserfiche WebLink

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Business -Type Activities. The City's business -type activities include the Water Pollution Control Plant, Shoreline, Storm Water Utility and Environmental Services. Business -Type activities net position increased by $4.6 million from prior fiscal year due to the continuation of the Water Pollution Control Plant expansion project funded by a loan from the State Water Resource Control Board. Expenses by Function - Business -Type Activities Revenues by Source — Business -Type Activities Environment al Services 13% Shoreline 16% Storm Water utility Water 9% Pollution Control Plant 66% FINANCIAL ANALYSIS OF INDIVIDUAL FUNDS Others 5% Charges for 4 A Services No 95% Governmental Funds. The focus of the City'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's financial requirements. In particular, unassigned fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. However, it should be noted that most of the unassigned amounts are designated by the City Council for specific uses. At the end of fiscal year 2013-14, the City's governmental funds reported combined ending fund balances of $44 million, a decrease of $2.9 million in comparison with the prior year. Approximately 23.1% ($10.1 million) of the fund balance represents Non -Spendable; Restricted fund balance represents 36.7% or $16.1 million; Assigned fund balance of $663,000 and 39% or $17 million is Unassigned and is available for spending at the government's discretion, this amount represents the General Fund Reserve balance. General Fund The General Fund, by definition, is a major governmental fund and represents all funds not required to be accounted for in other funds. The General Fund accounted for 84.6% of the total governmental revenues and 81.9% of the total expenditures. A number of primary City services are accounted for in the General Fund, including General government, public safety, development services, library and community services, and maintenance services. At the end of fiscal year 2013-14, the unassigned fund balance of the General Fund was $18.8 million, while the total fund balance was $29.6 million. As a measure of the General Fund's liquidity, it may be useful to compare the unassigned fund balance to total of fund expenditures. The unassigned fund balance represents 23.3% of total General Fund 13