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<br /> <br />Business-type activities. Business-type activities increased net position by $981,650. The key <br />factor for the increase was transfers of $1,251,989 from Governmental-Type Activities Fund to <br />Business-Type activities. <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 $14,161,600, a decrease of $497,678 in comparison <br />with the prior year amounts. <br /> <br />The ending fund balance by GASB 54 designation is as follows: <br /> <br />Nonspendable $223,991 <br />Restricted 7,466,883 <br />Committed 124,214 <br />Assigned 5,458,103 <br />Unassigned 888,409 <br />Total $14,161,600 <br /> <br />22