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Capit <br />Contri <br />CITY OF ELK RIVER <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />ENDED DECEMBER 31, 2016 <br />Revenues by Source - Business -Type Activities <br />Unrestricted Investment <br />Earnines.0.34% CnnitA Cnntrihiitinnc - <br />Financial Analysis of the Government's Funds <br />AW 1W '46 <br />Financial Analysis of the Government's Funds <br />Services, <br />96.32% <br />Governmental funds. The focus of the City's governmental funds is to provide information on near- <br />term inflows, outflows, and balances of spendable resources. Such information is useful in assessing <br />the City's financing requirements. In particular, unassigned fund balance may serve as a useful <br />measure of a government's net resources available for spending at the end of the fiscal year. <br />As of the end of the current fiscal year, the City's governmental funds reported combined ending fund <br />balances of $38,334,630. Approximately 10 percent of this total amount ($3,810,017) constitutes <br />unassigned fund balance. The remainder of fund balance ($34,524,613) is not available for new <br />spending because it is either 1) non -spendable ($129,140), 2) restricted ($12,245,679), 3) committed <br />($9,250,014) or 4) assigned ($12,899,780) for other purposes. <br />The General fund is the chief operating fund of the City of Elk River. The total fund balance of the <br />General fund increased $193,279 during the current year, resulting primarily from budgeted transfers in. <br />The YMCA Bonds fund decreased $118,476 due to the debt service payments on the crossover <br />advance refunding debt issued in 2013. <br />In <br />