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Other governmental funds and enterprise funds — Utility revenue for second quarter is booked in <br />July 2024 and annual transfers between funds will be booked later in the year. <br />Investment interest earnings total $282,996.43 at the end of second quarter compared to <br />$221,390.18 at the end of the second quarter in 2023, a 27.8% increase. Market value adjustments <br />for investments total $32,571.09 through the end of the second quarter. At the end of 2023, the <br />City recognized a market value loss of $392,148.12. It is important to note that the City holds its <br />investments to maturity and no principal is ever lost on an investment. <br />Discussion <br />City Staff respectfully request the City Council review the quarterly updates for further <br />discussion. <br />Budget Impact <br />None. <br />Attachments <br />Attachment A: Investment Portfolio Analysis <br />Attachment B: General Fund Revenues and Expenditures Summary <br />Attachment C: Other City Funds Revenues and Expenditures Summary <br />Attachment D: Permit Data <br />Page 2 of 2 <br />