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<br />Management Discussion and Analysis <br />February 6, 2004 <br />Page VIII <br /> <br />Revenue by Source - Business-type Activities <br /> <br />Program Revenues <br /> <br />Capital Grants <br />and Contributions <br />S795,734 <br /> <br /> <br />Charges for Services <br />5617,835 <br /> <br />Financial Analysis of the Government's Funds <br /> <br />As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal <br />requirements. <br /> <br />Governmentalfunds: The focus of the City's governmental funds is to provide information on near-term inflows, outflows <br />and balances of spendable resources. Such information is useful in assessing the City's financing requirements. In <br />particular, unreserved fund balance may serve as a useful measure ofa government's net resources available for spending at <br />the end of the fiscal year. <br /> <br />As of the end of the current fiscal year, the City's governmental funds reported combined ending fund balances of <br />$4,962,387, an increase of $1,150,353 in comparison with the prior year. Approximately one-third of this total amount, <br />$2,290,000 constitutes unreservedfund balance, which is available for spending at the City's discretion. The remainder of <br />fund balance is reserved to indicate that it is not available for new spending because it has already been committed to pay <br />debt service $2,672,387. <br /> <br />The general fund is the chief operating fund of the City. At the end of the current year, unreserved fund balance of the <br />general fund was $1,063,023, while total fund balance reached $1,068,381. As a measure of the general fund's liquidity, it <br />may be useful to compare both unreserved fund balance and total fund balance to total fund expenditures. Unreserved fund <br />balance represents 61.9 percent of total general fund expenditures, while total fund balance represents 62.2 percent of that <br />same amount. <br />