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Business -type activities. Business -type activities increased net position by $1,233,288. The <br />key factor for the increase was assets were contributed to the Water/Sewer Funds by the Annual <br />Street Improvement Funds. Rate increases for all utility services were made for 2013 and 2014 <br />billings. <br />Revenues by Source - <br />Business -Type Activities <br />99% <br />Financial Analysis of the City'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. <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 $9,550,587, a decrease of $1,112,447 in comparison <br />with the prior year restated amounts. <br />The ending fund balance by GASB 54 designation is as follows: <br />Nonspendable <br />$74,098 <br />Restricted <br />7,272,849 <br />Committed <br />94,064 <br />Assigned <br />1,707,483 <br />Unassigned <br />402,093 <br />Total <br />$9,550,587 <br />21 <br />