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Business -type activities. Business -type activities increased net assets by $1,901,926 from the <br />prior year amount. The key factor of the increase was that capital contributions from <br />Governmental Activities were reclassified and transferred to water and sewer. <br />Revenues by <br />Source -Business- <br />Type Activities Miscellaneous <br />1% <br />Ch ar9es for <br />services 99% <br />Financial Analysis of the Government's Funds <br />As noted earlier, the City of St. Anthony uses fund accounting to ensure and demonstrate <br />compliance with finance -related legal requirements. <br />Governmental funds. The focus of the City of St. Anthony, Minnesota's governmental funds is <br />to provide information on near-term inflows, outflows, and balances of spendable resources. <br />Such information is useful in assessing the City of St. Anthony, Minnesota's financing <br />requirements. In particular, unreserved fund balance may serve as a useful measure of a <br />government's net resources available for spending at the end of the fiscal year. <br />As of the end of the current fiscal year, the City of St. Anthony, Minnesota's governmental funds <br />reported combined ending fund balances of $11,579,486 a decrease of $320,989 in comparison <br />with the prior year restated amounts. Approximately 68.5% of this total amount ($7,928,912) <br />constitutes unreserved, fund balance, which is available for spending at the government's <br />discretion. This includes amounts that have been designated for 1) general fund operations <br />($1,389,299), 2) special revenue funds ($136,375) and 3) capital project funds ($1,122,190). <br />The remainder of fund balance is reserved to indicate that it is not available for new spending <br />because it has already been committed 1) prepaid items ($51,893), 2) to pay debt service <br />($2,726,028), and 3) to pay for tax increment projects ($872,653). <br />21 <br />