| Business -Type Activities — The following graph illustrate the City's business -type activities: 
<br />Revenues By Source — Business -Type Activities 
<br />Charges for 
<br />services, 69.31% 
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<br />Operating grants 
<br />and contributions, 
<br />0.94% 
<br />Investment 
<br />earnings, 4.56% 
<br />Capital grants and 
<br />contributions, 
<br />25.19% 
<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 (69.31%) 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 $40,181,259, an increase of $1,443,884 in comparison with the prior year. The largest fund 
<br />balance increase of $348,545 was in the Road Reconstruction/Overlay fund which is mostly attributed to 
<br />revenues and other sources exceeding expenditures to be used towards future road reconstruction/overlay 
<br />projects. 
<br />General Fund — The General Fund operating results can be summarized as follows: 
<br />Revenue 
<br />Over (Under) °° Over 
<br />Original Budget Final Budget Actual Final Budget (Under) Budget 
<br />$ 10,032,871 $ 10,032,871 $ 10,110,798 $ 77,927 
<br />0.78° 0 
<br />Expenditures 10,925,127 10,925,127 10,446,084 (479,043)-4.38°0 
<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 />(892,256) 
<br />892,256 
<br />$ $ 
<br />(892,256) 
<br />892,256 
<br />(335,286) 556,970 
<br />579,634 (312,622) 
<br />244,348 $ 244,348 
<br />7,273,045 
<br />End of year $ 7,517,393 
<br />The fund balance of the General Fund increased $244,348. General Fund revenues came in $77,927 higher than 
<br />budgeted or 0.78 percent, of budget. General Fund expenditures were $479,043 less than budgeted. The variance 
<br />was mostly attributed to personnel expenditure savings from retirements and a mild winter resulting in greatly 
<br />reduced costs in salt and plowing related costs such as gas and diesel. 
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