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Business-Type Activities – The City’s business-type activities include the Water Pollution Control Plant, Shoreline, Storm Water, and Environmental Services. Business-Type activities net position increased by $5.0 million when compared to prior fiscal year. The Water Pollution Control Plant Fund’s net position increased from $60.1 to $64.2 million. Expenses by Function – Business-Type Activities Revenues by Source – Business-Type Activities FINANCIAL ANALYSIS OF INDIVIDUAL FUNDS 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 financial conditions. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. It should be noted that most of the unassigned amounts are designated by the City Council for specific uses. At the end of fiscal year 2021-22, the City’s governmental funds reported combined ending fund balances of $152.7 million, an increase of $17.4 million compared to prior year. Approximately 4.7% or $7.2 million of the fund balance represents Nonspendable; 39.1% or $59.8 million represents Restricted, 6.2% or $9.4 million represents Assigned, and 50% or $76.2 million is Unassigned and available for spending at the City Council’s discretion. General Fund The General Fund is a major governmental fund and represents all funds not required to be accounted for in another fund. The General Fund accounted for 86.9% of the total governmental revenues and 80.5% of the total expenditures. A number of primary City services are accounted for in the General Fund including general government, public safety, development services, library and community services, and maintenance services. At the end of fiscal year 2021-22, the unassigned fund balance of the General Fund was $79 million, while the total fund balance was $101.4 million. As a measure of the General Fund’s liquidity, it is useful to compare the Unassigned Fund Balance to total of fund expenditures. 13