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The Unassigned Fund Balance of $70.3 million has been designated for the following purposes: • $1 million for Compensated Absences • $5.0 million for Major Emergencies • $26.7 million for Economic Uncertainty • $37.6 million for remaining Unassigned (for liquidity and other purposes) At the end of fiscal year 2023-24, the General Fund ending balance increased by $9.6 million compared to the prior fiscal year. General Fund revenues increased by $17 million primarily due to a $10.5 million increase in Intergovernmental revenue, $4.5 million increase in use of money & property, and $3.2 million increase in property & other taxes, offset by a decrease of $1.8 million in other revenue. General Fund expenditures (not including Transfers Out) increased by $14.2 million from the prior fiscal year. The overall increase is due to increases in public safety of $8.8 million (including increases of $6 million to the Alameda County Fire Department contract and $2.8 million in police spending), community development $2.4 million, engineering and transportation expenditures by $1.8 million and recreation and culture $1.0 million. Special Grants Special Revenue Fund The Special Grants Special Revenue Fund is a major governmental fund and accounted for 4.6% of the total governmental revenues and 5.4% of the total expenditures. As of June 30, 2024, the Special Grants Special Revenue Fund had a total fund balance deficit of ($1.6 million). While this amount is currently being supported by the General Fund, the amounts should be paid back as projects are completed and grants are closed. Capital Improvement Capital Projects Fund The Capital Improvement Capital Projects Fund is a major governmental fund and accounted for 10.1% of the total governmental revenues and 9.4% of the total expenditures (not including other financing sources such as issuance of debt or interfund transfers). The fund accounts for monies for major capital improvement projects not provided for in the other special revenue funds such as the Measure B and F Funds. As of June 30, 2024, the Capital Improvement Capital Projects Fund had a total fund balance of $43.7 million, a decrease of (4.9%). The fund balance including the proceeds from 2018 Lease Revenue Bonds anticipated to include improvements to the Mulford-Marina Branch Library, and the Boat Harbor. Non-major Governmental Funds The City’s non-major funds are presented in the basic financial statements in the aggregate. As of June 30, 2024, non-major funds had a total fund balance of $35.3 million of which all are legally restricted for specific purposes by external funding. More information about these aggregate non-major funds can be found in the combining statements immediately following the required supplementary information. Proprietary Funds The City’s proprietary funds provide the same type of information found in the government-wide financial statements but in greater detail. The total net position of the Enterprise Funds was $106.8 million at the end on June 30, 2024, an increase of $30.9 million from the prior fiscal year. The total net position of the Internal Service Funds was $15.7 million at the end on June 30, 2024, a decrease of $2.3 million from the prior fiscal year. 14