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<br /> <br />..._.._-_._-_._--._~ <br />. . ... <br />..... <br />'. . . <br /> <br />" I, <br /> <br />GOVERNMENTAL :FUND FINANCIAL STATEMENTS <br /> <br />GASB 34. revises. the format of the Fund Financial Statements so that only indiVidual major funds.. are <br />.. presenied.,while non~rnajor fundS arecornbined in!8,singJe.column. Major funds are defined generally as <br />. having .signfficant .activities or balances in.tJ:ie:.currenfyear. No distincti~n is made betwe.en fund types <br />..: and. the .practice of.cbrnbining like funds:and presenting:their::totals in'. separate columns (combined: .. <br />.financial statements) has:been discontinued, along with the use of the general fixed assets and general <br />: long-term debt groups 'of accounts. . .. .. <br /> <br />.. . <br />.. . <br />'The governmental funds described below were determined to be ihajor fu~ds by: the Ci~y in fiscal year. . <br />2007/08. . . <br /> <br />. .GENERAI4 FUND .. . : '.: ~ ... . . . ... <br />:.; The general fund is thegenenil ope~tjn.g fundof~e City.. It is used. to account for all financial reSOUTces . <br />except those to be accounted for in another fund. . . ; . . .., <br /> <br />. . <br />. .. <br />. . . <br />.CAIIITAL OUTLAY FUN.O:: . .,. , .,. .. .. .. , . <br />This. fund accoUn~s, for all miscellaneous ,capital improvement projects: that are 'financed by the general .. <br />fund.: , . . . .. , <br /> <br />.: REDEVELOPMENT AGENCY FUND.: . . . .. . . . <br />.This fund accounts. ..for funds .~o be proyidet}. by: loans and/or: property.. tax increment from: specific" <br />.,. redevelopment areas for redevelopment p~oject~;wi:thin those:are8s. <br /> <br /> <br />. i <br /> <br />"1.;. . <br /> <br />.19 <br /> <br /> <br /> <br /> <br />I <br /> <br />