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CITY OF ELK RIVER <br /> MANAGEMENT'S DISCUSSION AND ANALYSIS <br /> ENDED DECEMBER 31, 2016 <br /> Revenues by Source- Business-Type Activities <br /> Unrestricted <br /> Investment Earnings, <br /> 0.34%, <br /> Capital Grants and <br /> Contributions,3.53% <br /> Cha rges forServices, <br /> 96.13% <br /> Financial Analysis of the Government's Funds <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% of this total amount ($3,810,017) constitutes unassigned <br /> fund balance. The remainder of fund balance ($34,524,613) is not available for new spending because <br /> it is either 1) nonspendable ($129,140), 2) restricted ($12,245,679), 3) committed ($9,250,014) or 4) <br /> 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 /> (19) <br />