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<br /> <br /> <br /> <br />• $5.0 million for major emergencies <br />• $7.4 million for economic uncertainty <br />• $6.7 million for liquidity <br /> <br />At the end of fiscal year 2014-15 the General Fund ending balance increased by $5.2 million compared to <br />prior fiscal year. General fund revenues increased by $6.8 million primarily due to the increase of $5.6 <br />million (8.1%) in property and other taxes. These increases are good measurements of the economic <br />improvement in the City. The expenditures show an increase of $4.1 million from prior fiscal year. <br />However, the increase in expenditures for fiscal year 2014-15 compared to prior fiscal year demonstrates <br />growth in building the community and the ability to attract new businesses and increase in housing <br />opportunities which eventually improves the city’s financials. <br /> <br />Non-major Governmental Funds - The City’s non-major funds are presented in the basic financial <br />statements in the aggregate. At June 30, 2015, non-major funds had a total fund balance of $21.2 <br />million of which all are legally restricted for specific purposes by external funding. More information <br />about these aggregate non-major funds can be found in the combining statements immediately following <br />the required supplementary information. <br /> <br />14