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Business-Type Activities <br /> – The following graph illustrate the City’s business-type activities: <br />Revenues By Source – Business-Type Activities <br />hƦĻƩğƷźƓŭŭƩğƓƷƭ <br />/ŷğƩŭĻƭŅƚƩƭĻƩǝźĭĻƭͲБЊ͵ЊЋі <br />БЊ͵ЊЊі <br />ğƓķ <br />ĭƚƓƷƩźĬǒƷźƚƓƭͲ <br />Њ͵ЋЉі <br />/ğƦźƷğƌŭƩğƓƷƭ <br />ğƓķ <br />ĭƚƓƷƩźĬǒƷźƚƓƭͲ <br />Њ͵БЍі <br />LƓǝĻƭƷƒĻƓƷ <br />9ğƩƓźƓŭƭͲЊЎ͵БЎі <br />The business-type activities, which represent the Utility Funds, all received revenues in excess of expenses. <br />Charges for services are the main source of revenue (81.11%) for all Utility Funds. <br />Governmental Funds <br /> – At the end of the fiscal year, the City’s Governmental Funds reported combined ending <br />fund balances of $33,562,488, a decrease of $3,722,997 in comparison with the prior year. The decrease was <br />mostly attributable to payment on refunded debt in the 2005B/2011 Refund G.O. Improvements Bonds, Debt <br />Service Fund. <br />General Fund <br />– The General Fund operating results can be summarized as follows: <br />Over (Under)% Over <br />Original BudgetFinal BudgetActualFinal Budget(Under) Budget <br />Revenue8,788,649$ 9,151,809$ 9,154,981$ 3,172$ 0.03% <br />Expenditures9,750,135 9,323,517 9,257,530 (65,987) -0.71% <br />Excess (deficiency) of revenue <br /> over expenditures(961,486) (171,708) (102,549) 69,159 <br />Other financing sources (uses)961,486 245,034 313,724 68,690 <br />Net change in fund balances 73,326 211,175 137,849 <br />$–$$ <br />Fund balances <br />Beginning of yea 6,771,394 <br />r <br />End of year$ 6,982,569 <br />The actual operating results ended close to the amount projected in the final budget. <br />The change in budget from the original to the final can be attributed to decisions made by city council throughout <br />the year. Final budgeted expenditures were amended to be $426,618 less than what was originally budgeted. <br />The decrease was mostly attributed to personnel expenditure savings from retirements and positions not yet <br />refilled during the year and several budgeted expenditures coming in lower than requested. Actual revenue was <br />higher than final budget due to unanticipated accounting reallocations. <br />Page 33 <br /> <br />