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Business -Type Activities — The following graphs illustrate the City's business -type activities: <br />$3,500,000 <br />$3,000,000 <br />$2,500,000 <br />$2,000,000 <br />$1,500,000 <br />$1,000, 000 <br />$500,000 <br />Expenses and Program Revenues — Business -Type Activities <br />Water Uti ity Sewer Utility Street Light Recycling Storm Water <br />Utility Utility Utility <br />Charges for <br />Services <br />73% <br />I <br />u <br />1IV III11111111�IIIIIwh1uuuuuuuuuuuuuuuiiuuuuuuuuuuuuuuuuuuuwiuuuuuuuuuit <br />Revenues By Source — Business -Type Activities <br />IIIhm <br />III I II IIIIIIII <br />IIIIIIIIIIIExpenses <br />IIIIIIIIII Program Revenues <br />Operating Grants & <br />Contributions <br />1% <br />Capital Grants and <br />Contributions <br />21% <br />Investment <br />Earnings <br />5% <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 (73%) for all Utility Funds. <br />Governmental Funds — At the end of the fiscal year, the City's Governmental Funds reported combined <br />ending fund balances of $34,783,575, a decrease of $7,156,687 in comparison with the prior year. The <br />decrease was attributable to the current refunding activity of the Series 2012A/2005A Lease Revenue Bond. <br />32 <br />