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<br /> <br />Business-type activities. Business-type activities increased net position by $8,498,282. The key <br />factor for the increase was the $7,986,616 in transfers to Business – Type Activities which <br />includes the expansion cost of the water treatment plant facility. <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 $14,659,278, a decrease of $6,184,833 in <br />comparison with the prior year amounts. <br /> <br />The ending fund balance by GASB 54 designation is as follows: <br /> <br />Nonspendable $134,990 <br />Restricted 7,002,918 <br />Committed 125,069 <br />Assigned 6,568,756 <br />Unassigned 827,545 <br />Total $14,659,278 <br /> <br />20