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expense is the M.C.E.S.. charges for sanitary sewer treatment. The City has a budget of <br />$42,600.00 for these charges and 'has paid 26.69% or $11,369.60 for this line item compared to <br />$15,772.64 in 2021. <br />Overall.the Sanitary Sewer and Water Funds should finish the .year with revenues. exceeding <br />budget and expenses should be near budget amounts; resulting in revenues exceeding <br />expenses or breaking even. <br />CASH AND INVESTMENTS <br />Finally., the City had $1,070,792.40 invested as of March 315t: This compares to $1,171,.809:fi3 <br />investd .last year at this time. The decrease in investments is due to the City not yet collecting <br />its first Half tax settlement: The investments had an average interest rate of I,66%, which is the <br />same as last year. The -chart below shows the City's invested funds for the last.four years. <br />$ invested <br />1,600,000,00 <br />1,,900,000.00 <br />1,200,000.00 <br />t000,000.00 <br />2019 <br />^2cr <br />2021 <br />2OZ2 <br />�W, �a act' v9 �� �s�� �J•� ,�Jy� �`OQ� moo , ���c <br />�� �mo �` �r ���� • dc: a'� Q�e <br />� � O <br />The other factor and equally important a6 funds invested is the City's cash in the bank, These <br />are the funds. the City uses to pay its bills: each month. $irice the. -City f6deives the majority of its <br />.money irr July and Decemberfrom tax settlements, k16 not unusual far the City`to have a large <br />amount of cash available inIhose months.wlth the funds being drawn down in the proceeding <br />months. Depending on expenditures and.other revenues collect$he 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 />