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Overall, the sanitary sewer and water funds should finish the year with revenues near budget <br />and expenses below budgeted amounts. <br />CASH AND INVESTMENTS <br />Finally, the City had $1,426,089.07 invested as of .tune 3051• This compares to $1,230,172,28 <br />invested fast year at this time. The investments had an average interest rate of 1.93°Iu <br />compared to 1.62°]a last year, Interest rates remain low with the highest. interest rate on a <br />municipal bond of 3.73%. The chart below shovers the City's invested Rands for the last four <br />yeas. <br />Invested <br />i,C;(c),QW.00 <br />1,2or3;osx).u�� <br />g[x),000.na <br />600,00[f.00 <br />a(.x),oC)O-()o <br />atin;nno. [i� <br />- 2, o2 b. <br />202 3. <br />The other factor and equally important as funds invested is the City's cash in the. bank_ These <br />.are the funds the City uses to pay its bills each month. Since the City receives the majority of its <br />money in twice a year from tax settlements, it is not unusual for the: City to have a large amount <br />of cash available in the middle of the year and the end of the year with the funds being drawn <br />down in the proceeding months. Depending on expenditures and. other revenues collect the <br />City may draw on its Investments to help Meet its cash needs. The increase in cash in June is <br />frorrm the advancement of the July tax settlement. The chart below demonstrates the cash flow <br />for the City. <br />CashBalances <br />1,0n0,o[.x).0x) <br />�cx7;rJrx).c�n <br />6M._o[]CJ:C1C] <br />2 62.0 <br />.. . ....... ....... <br />---- z nz a <br />30i7'600 -00.-.2.D?_ 2 <br />2oo1 000-oo <br />2.023 <br />7.C7U,C7t3[t.[)C7 <br />