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overall, the sanitary sewer fund had revenues exceed expenses only by $1,094.64, which may <br />suggest the need for a sewer rate increase in 2018 or 2019, <br />CASH ANI7 INVESTMENTS <br />Finally, the City had $796,7444.13 invested as of year-end. This compares to $608,859.22 <br />invested. last year at this time. The increase in investments is due to the City's not having spent <br />as much on capital projects. in 2017 and the collection of special assessments from the water <br />project completed in 2016. The investments had an average interest rate of 1.15%n compared to <br />1.14% last year. interest rates remain low with a 2.90% interest rate on a CD as its highest rate <br />of return. The chart below shows the City's invested funds for the last three years. <br />$ Invested <br />1,200,c�04].00. <br />1,00o,000.00 <br />sa�,oaa.o0 <br />G[7Ll,b(X],00 <br />400,000.00, <br />2 00,0OC].-00 <br />Q.00 <br />4, <br />U 2014 <br />132015 <br />m,.2016 <br />1.017 <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 July and December from tax settlements, it is not: unusual for the. City to have a large. <br />amount of cash available in those months with the funds being drawn down in the proceeding <br />months. Depending on expenditures and. other revenues collect the City may draw on its <br />.investments to help meet its cash needs. The chart on the following page demonstrates the <br />cash flow for the City. <br />