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<br /> <br />Business-type Activities. Business-type activities decreased net position by $302,302. There <br />was net $212,638 transfers out of cash and a decrease in general revenues of $67,913. <br /> <br />Financial Analysis of the City’s Funds <br />As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with <br />finance-related legal requirements. <br /> <br />Governmental funds. The focus of the City’s governmental funds is to provide information on <br />near-term inflows, outflows, and balances of spendable resources. Such information is useful in <br />assessing the City’s financing requirements. <br /> <br />As of the end of the current fiscal year, the City’s governmental funds reported combined ending <br />fund balances of $17,547,842 an increase of $3,065,736 from the prior year. <br /> <br />The ending fund balance is classified as follows: <br /> <br />Nonspendable $162,751 <br />Restricted 7,955,365 <br />Committed 201,822 <br />Assigned 6,513,862 <br />Unassigned 2,714,042 <br />Total $17,547,842 <br /> <br /> <br />The General Fund is the chief operating fund of the City. At the end of the current fiscal year, <br />unassigned fund balance of the General Fund was $3,238,208, while total fund balance reached <br />$3,397,990. As a measure of the General Fund’s liquidity, it may be useful to compare both <br />unassigned fund balance and total fund balance to total fund expenditures. Unassigned fund <br />balance represents 44% of total General Fund expenditures and total fund balance represents <br />46% of that same amount. <br /> <br />During the current fiscal year, the fund balance in the General Fund increased by $807,200 due <br />to a combined increase in property tax and intergovernmental revenues of $1,020,845. <br /> <br />The Street Improvement Debt Service Fund increased by $74,781 mainly due to decreases in <br />grants and interest earnings totaling $100,277. <br /> <br /> <br />22