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Business-type Activities. Business-type activities increased net position by $1,425,133. There was net $1,141,930 transfers to cash and a decrease in general revenues of $467,633. 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 $20,325,431 an increase of $1,603,186 from the prior year. The ending fund balance is classified as follows: Nonspendable $199,419 Restricted 8,692,356 Committed 1,010,290 Assigned 6,061,683 Unassigned 4,361,683 Total $20,325,431 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 $4,460,649, while total fund balance reached $5,057,260. 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 52.9% of total General Fund expenditures and total fund balance represents 60.1% of that same amount. During the current fiscal year, the fund balance in the General Fund increased by $1,052,403 due to an increase in revenues over expenses of $1,074,653 and along with an decrease in other financing uses of $22,250. The Community Center Fund increased by $14,561 due to other net financing sources $45,950 exceeding revenues under expenditures of $31,389. The Street Improvement Debt Service Fund increased by $45,188 mainly due to $291,041 in closing transfers from street improvement funds along with using cash on hand to lower existing debt levied. 24