Reso 2016-019 - Laserfiche WebLink

Home

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 $5.3 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 FINANCIAL ANALYSIS OF INDIVIDUAL FUNDS 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 2014-15, the City’s governmental funds reported combined ending fund balances of $56.0 million, an increase of $12.0 million in comparison with the prior year. Approximately 24.7% or $13.8 million of the fund balance represents Non-Spendable; Restricted fund balance represents 40.4% or $22.6 million; Assigned fund balance represents of $1.7 million or 3.1%; and 31.8% or $17.8 million is Unassigned and is available for spending at the government’s discretion. 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 82.3% of the total governmental revenues and 83.9% 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 2014-15, the unassigned fund balance of the General Fund was $19.1 million, while the total fund balance was $34.8 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 25.6% of total General Fund expenditures of $86.6 million (including Transfers Out). The unassigned fund balance of $19.1 million has been designated for the following purposes: Shoreline 13% Storm Water Utility 9% Water Pollution Control Plant 70% Environment al Services 13% Charges for Services 94% Others 6% 13