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CAPITAL PROJECT FUNDS <br />The Capital .Project Funds have revenues of $31,666.99, which is from the $25,000 transfer <br />from the General Fund and interest earnings. For 2021 the expenditures are for the Hoffman <br />Road repaving project. <br />ENTERPRISE FUNDS <br />The City's Enterprise Funds now consist of the Sewer Enterprise Fund and the Water Enterprise <br />Fund, Revenues are below last year revenues and are 31:98% of budgeted revenues. <br />Revenues totaled $22,628.97 for the first half of 2021 compared to $27,116.01 last year: <br />Revenues below last year are SAC and WAG charges on new construction. Expenses for the <br />year are. above last year's expenses but are only 12.38% of budgeted expenditures. Keeping in <br />mind that the expense.budget for the Sewer and Water Enterprise Funds includes depreciation, <br />which is not recorded until year-end. The main expense is the M.C,E.S. charges for sanitary <br />sewer treatment: The City has a budget of $38,840 for these charges and have paid 57.28% or <br />$22,245.90 for this line item. <br />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 $1,291,696.39 invested as of June 301,t. This compares to $1,129,752.03 <br />invested last year at this time. The investments had an average interest rate of 1.66% <br />( compared to 2,64% last year. Interest rates remain low with the highest interest rate on <br />municipal bond of 3.73%. The chart below shows the City's invested funds for the last four <br />years. <br />1,600,000:00 <br />1i IEi 1� <br />a1 1 a/ la <br />1 ae <br />$ Invested <br />A NA <br />-2018 <br />— 2019 <br />- 2070 <br />-2021 <br />