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Business -Type Activities — The following graph illustrate the City's business -type activities: <br />Charges for <br />services, 81.67% <br />Revenues By Source — Business -Type Activities <br />Operating grants <br />and contributions, <br />0.81% <br />contributions, <br />10.20% <br />Investment <br />earnings, 7.32% <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 (81.67%) for all Utility Funds. <br />Governmental Funds — At the end of the fiscal year, the City's Governmental Funds reported combined ending <br />fund balances of $43,586,596, an increase of $2,864,688 in comparison with the prior year. The General Fund <br />reported a fund balance increase of $577,509 in the current year. The increase is attributed to the City's fund <br />balance policy which states that ending fund balance shall be equal to fifty percent (50%) of the next years <br />adopted operating budget, plus prior -year encumbrances (if any) plus compensated absences. <br />General Fund — The General Fund operating results can be summarized as follows: <br />Revenue <br />Expenditures <br />Excess (deficiency) of revenue <br />over expenditures <br />Other financing sources (uses) <br />Net change in fund balances <br />Fund balances <br />Beginning of year <br />Over (Under) % Over <br />Original Budget Final Budget Actual Final Budget (Under) Budget <br />$ 11,152,686 $ 11,152,686 $ 11,856,968 $ 704,282 <br />12,123,284 12,123,284 11,765,227 (358,057) <br />(970,598) (970,598) 91,741 1,062,339 <br />970,598 970,598 485,768 (484,830) <br />$ $ 577,509 $ 577,509 <br />7,912,618 <br />End of year $ 8,490,127 <br />6.31% <br />-2.95% <br />33 <br />