City Council Meeting

Andrew Grosnickelprior. What we mostly work with and as governance when you're making decisions mainly focus on is the modified accrual basis of accounting, especially for the general fund where the near term assets and liabilities are what are measured in the delta of the retained earnings, the equity is referred to as fund balance. That's what you're familiar with as far as budgeting process and things of that nature. And the total fund balance for governmental funds at the June 30th, 2025 was $63.9 million. That represented a decrease of $9.5 million from the prior year, which that decrease was driven by planned capital projects. The capital projects fund is included in those governmental funds. So capital projects fund decreased by around $12 million because of planned capital project expenditures.

And so that's what drove the overall governmental fund balance decrease. Whereas the fund balance of the general fund at June 30, 2025, which was $45.6 million, was an increase of $2 million from June 30, 2024. Within fund balance, that equity bucket, the difference between assets, deferred outflows, liabilities and deferred inflows, you have different components of fund balance. You have non-spendable, restricted, committed, and assigned. Those buckets are based on external or internal factors that restrict or commit or assign funds for certain purposes. Then the residual after that is your unassigned fund balance. That's a key metric that governments you know, want to look at is how much they have in that unassigned bucket.

The unassigned fund balance for the general fund at June 30, 2025 was $33 million. And then lastly, the general fund revenues exceeded final budget amounts for FY25 by $7.7 million. Next, we'll have just a couple of charts that I'm going to go through briefly here. The first one is just showing you the trend analysis of that net position figure that I mentioned previously to where it is trending up about $122 million as of June 30th, 25. You'll see that for 22 through 24 and into 25, it's trending up there slightly. And this, again, is the full accrual equity residual taking into account capital assets, other long-term assets, and all of your liabilities, not just your payables and near-term, but your general obligation bonds, your pension liabilities, really everything.

And on the next slide, we will see the general fund fund balance, the total general fund fund balance that I referenced earlier for $25 of $45.6 million. And you'll see the information there for what the trend has been for the last four years on the general fund fund balance. And then next, we just have a couple of pie charts, one for governmental activities revenue. just gives you a feel for out of all of the revenues for the governmental activities, what the breakdown is for the types of revenues, the major types. So obviously the biggest piece of the pie there is your general property taxes. And then the second biggest is your other local taxes. And other local taxes are things like meals tax, business licenses, sales tax,