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Financial Analysis of the City <br />As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal <br />requirements. <br />Governmental Funds. governmental funds is to provide information on near-term inflows, outflows <br />and balances of spendable <br />particular, unassigned fund balance <br />spending at the end of the fiscal year. The table below outlines the governmental fund balances for the year ending <br />December 31, 2023: <br />51 of this report. <br />The General fund is the chief operating fund of the City. At the end of the current year, the fund balance of the General <br />fund balance to total fund expenditures. The total unassigned fund balance as a percent of total fund expenditures is <br />shown in the chart below along with total fund balance as a percent of total expenditures. <br />decreased during the current fiscal year as shown in the table above. The <br />decrease in fund balance was due to transfers out to other governmental funds. <br />28 <br />fund balance to total fund expfund balance to total fund expenditures. The total unassigned fund balance as a percent of total fund expenditures is enditures. The total unassigned fund balance as a percent of total fund expenditures is <br />shown in the chart below along with total fund balance as a percent of total expenditures.shown in the chart below along with total fund balance as a percent of total expenditures. <br />63