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Table 4 Changes in Fund Balances – Governmental Funds
OTHER SUPPLEMENTARY INFORMATION:
NON-MAJOR GOVERNMENTAL FUNDS
Special Revenue Funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes.
Suffolk Taxing District Fund –accounts for revenues and expenditures related to services provided in the Suffolk Taxing District. Most revenues are derived from a specific percentage of the annual real estate tax assessments in the Suffolk Taxing District. These additional assessments ceased as of July 1, 2007.
Downtown Business Overlay District Fund – accounts for revenues and expenditures related to services provided in the Downtown Business Overlay District. Most revenues are derived from a specific percentage of the annual real estate tax assessments in the Downtown Business Overlay District.
Law Library Fund – accounts for the maintenance of a law library. Revenue is derived from court fees.
Route 17 Taxing District Fund – accounts for revenues and expenditures related to services provided in the Route 17 Taxing District. Most revenues are derived from a specific percentage of the annual real estate tax assessments in the route 17 Taxing District.
Cemetery Fund – accounts for monies received from the sale of burial sites, lots, and mausoleum sites, the revenue from which is to be applied to the perpetual care of the City’s cemeteries.
Aviation Fund – accounts for revenues generated through use of airport facilities and governmental grant programs to be used solely for expansion, maintenance, and use of city municipal airport.
Transit Fund -- accounts for revenues and expenditures associated with the City’s bus services. The revenue comes from a combination of state grants and fares collected from the passengers.
