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CITY OF MOUNDS VIEW
<br /> Management's Discussion and Analysis
<br /> Year Ended December 31,2025
<br /> As management of the City of Mounds View,Minnesota(the City),we offer readers of the City's Annual
<br /> Comprehensive Financial Report(ACFR)this narrative overview and analysis of the financial activities of
<br /> the City for the fiscal year ended December 31, 2025. We encourage readers to consider the information
<br /> presented here in conjunction with additional information that we have furnished in our letter of transmittal,
<br /> which is presented in the introductory section of this report.
<br /> FINANCIAL HIGHLIGHTS
<br /> • The assets and deferred outflows of resources of the City exceeded their liabilities and deferred
<br /> inflows at the close of the most recent fiscal year by $61,442,682 (net position). Of this amount,
<br /> $13,669,731 (unrestricted netposition)may be used to meet the government's ongoing obligations
<br /> to citizens and creditors.
<br /> • The government's total net position increased by $1,251,150. Governmental activities increased
<br /> total net position by $404,243, while business-type activities increased total net position by
<br /> $846,907.
<br /> • As of the close of the current fiscal year,the City's governmental funds reported combined ending
<br /> fund balances of$19,540,832. The City reported a net increase of$110,226 in comparison with
<br /> the prior year. Approximately 0.2 percent of total fund balance, or $37,847, is nonspendable for
<br /> prepaid items. Approximately 14.5 percent of total fund balance, or $2,836,053, is for restricted
<br /> economic development, community center operations, tax increment, communications, public
<br /> safety, local affordable housing aid, parks and recreation, conservation, and debt service.
<br /> Approximately 61.3 percent,or$11,971,171,is assigned for future expenditures,and 24.0 percent,
<br /> or$4,695,761,is unassigned,which is available for spending at the government's discretion.
<br /> • At the end of the current fiscal year,unassigned fund balance for the General Fund was$4,695,761,
<br /> or 50.0 percent, of General Fund revenues and transfers in budgeted for the 2026 fiscal year.
<br /> • The City's total long-term debt for G.O. bonds payable, excluding unamortized premiums,
<br /> decreased by $713,700, or 7.6 percent, during the current fiscal year. The decrease was the result
<br /> of scheduled debt service.
<br /> OVERVIEW OF THE FINANCIAL STATEMENTS
<br /> This discussion and analysis is intended to serve as an introduction to the City's basic financial statements.
<br /> The City's basic financial statements are comprised of three components: 1) government-wide financial
<br /> statements,2)fund financial statements,and 3)notes to basic financial statements.This report also contains
<br /> other supplementary information in addition to the basic financial statements themselves.
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