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Business-type Activities. Business-type activities increased net position by $668,738. There was net $749,963 transfers to cash and a decrease in general revenues of $216,065. 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 $18,722,245 an increase of $18,279,223 from the prior year. The ending fund balance is classified as follows: Nonspendable $169,337 Restricted 7,102,437 Committed 895,109 Assigned 6,715,192 Unassigned 3,840,170 Total $18,722,245 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 $3,840,170, while total fund balance reached $4,004,857. 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 $128,071 due to a decrease in revenues over expenses of $40,362 and along with an increase in other financing uses of $310,363. The Community Center Fund increased by $5,954 due to other net financing sources $65,000 exceeding revenues under expenditures of $59,046. The Street Improvement Debt Service Fund decreased by $495,548 mainly due to $447,048 in closing transfers from bond funds to the Infrastructure fund along with using cash on hand to lower new debt issues and existing debt levied. 24