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Business-type Activities. Business-type activities increased net position by $1,509,420. There was net $1,137,269 transfers to cash and a increase in general revenues of $53,488. Financial Analysis of the City’s Funds As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental funds. The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. As of the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $18,279,223 an increase of $731,381 from the prior year. The ending fund balance is classified as follows: Nonspendable $182,533 Restricted 7,396,858 Committed 337,173 Assigned 6,632,453 Unassigned 3,730,206 Total $18,279,223 The General Fund is the chief operating fund of the City. At the end of the current fiscal year, unassigned fund balance of the General Fund was $3,730,206, while total fund balance reached $3,876,786. As a measure of the General Fund’s liquidity, it may be useful to compare both unassigned fund balance and total fund balance to total fund expenditures. Unassigned fund balance represents 49% of total General Fund expenditures and total fund balance represents 51% of that same amount. During the current fiscal year, the fund balance in the General Fund increased by $478,796 due to an increase in revenues over expenses of $28,575 and along with an increase in other financing uses of $356,989. The Street Improvement Debt Service Fund decreased by $226,068 mainly due to refunding of specific prior year debt issuance and using cash on hand to lower new debt issues and existing debt levied. 24