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<br />29 <br />City of Elk River <br />Management’s Discussion and Analysis <br /> <br /> <br />GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED) <br /> <br />Business-type Activities. Business-type activities increased the City’s net position by $3,612,576 <br />primarily due to the operating income of the Electric Fund. Elements of the increase are as follows: <br /> <br /> <br />Page 219 of 637