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<br /> <br />Business-type activities. Business-type activities decreased net position by $609,894. The key <br />factor for the decrease was closing and distribution of assets of the Water Plant Fund. <br /> <br /> <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 /> <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 /> <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 $20,844,111, an increase of $13,293,951 in <br />comparison with the prior year amounts. <br /> <br />The ending fund balance by GASB 54 designation is as follows: <br /> <br />Nonspendable $172,670 <br />Restricted 6,907,253 <br />Committed 105,503 <br />Assigned 13,148,229 <br />Unassigned 510,456 <br />Total $20,844,111 <br /> <br />20