MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) DECEMBER 31, 2021 The General Fund is the main operating fund of the City. At December 31, 2021, the non-spendable fund balance was $578,000, the restricted fund balance was $3,311,000, the assigned fund balance was $1,312,000, and the unassigned fund balance was $57,388,000. The total fund balance increased $14,978,000 in 2021 to $62,589,000. On a budgetary basis, the General Fund expenditures finished over $31,019,000 to the good overall. The increase in total fund balance is primarily due to an increase in sales and use tax revenues. The Community Development Fund is a major fund of the City. At December 31, 2021, the restricted fund balance was $2,081,000 and the assigned fund balance was $4,205,000. Total fund balance increased $225,000 in 2021 to $6,286,000. The increase was due to additional grant funding for emergency rental assistance and fewer expenditures for essential home repairs. The Parks Fund is a major fund of the City. At December 31, 2021, the non-spendable fund balance was $28,000 the restricted fund balance was $208,000 and the assigned fund balance was $6,504,000. The total fund balance increased $684,000 in 2021 to $6,740,000. The increase is due to an increase in Jefferson County Open Space revenues. The General Capital Projects Fund is another major fund of the City. At December 31, 2021, the restricted fund balance was $17,552,000, the committed fund balance was $17,654,000 and the assigned fund balance was $13,188,000. The total fund balance increased $14,021,000 in 2021 to $48,394,000. This increase is due to an increases in contributions for the Sabell’s development located at W 58th Ave and Ward Road area and a contribution for street-scaping work along Ralston Road from Yukon Street to Garrison Street. There was also a decrease in expenditures in 2021 due to the completion of some large projects in 2020 such as the construction of a new Parks Maintenance building and Ralston Road from Webster Street to Yukon Street. The Construction Fund is another major fund of the City. At December 31, 2021 the restricted fund balance was $80,796,000. Total fund balance increased $7,967,000 in 2021 to $80,796,000. This fund accounts for the 2019 Sales and Use Tax revenue bond issuance for two street improvement construction projects and 2021 COP issuance for the Meyers Pool Replacement project. Proceeds for the 2021 COP issuance of $17,605,000 are included in this fund. There was an increase in expenditures in 2021 as the two street improvement projects are moving forward with construction which will continue for the next few years.
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