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CAPITAL PROJECT FUNDS <br />The Capital Project Funds have revenues of $21,803.47 which is from the $20,000 transfer <br />from the General Fund and interest earnings, For 2022 the expenditures are for the landslide <br />repair and the storm Water studyhMiproveiments. <br />ENTERPRISE FUNDS <br />The City's Enterprise Funds consist of the Sewer Enterprise Fund and the Water Enterprise <br />Fund. Revenues are above last year revenues and are.65.94% of budgeted revenues. <br />Revenues totaled $54,95.1.29 for the first half of 2022 Compared to $22,628.97 last year. The <br />main difference is in 2022 both 16t and 2"d quarter revenue have been recorded while in 2021. <br />.only the 1s' quarter was recorded. Expenses for the year .lsre.•above.last year's expenses but <br />are only 31.47% of budgeted expenditures. Keeping in mind that the expense budget for the <br />Sewer and Water Enterprise Funds includes depreciation, which is not recorded until**year-end. <br />The main expense is the M.C.E.S. charges for sanitary sewer treatment. The City•has a budget <br />of $42,600.00 for these charges and have paid 35.02% or $14,918:53 for this 1irle•item.- <br />Overall, the sanitary sewer and water funds Ahould finish the year with revenues near -budget <br />and expenses below budgeted amounts. <br />CASH AND INVESTMENTS <br />Finally, the.City had $1,230,17?.28 ingested as of June 3011This compares to $1,291,696•.39: <br />Invested last year at this time. The investments had an average interest rate of 1.6296 <br />-compared to 1.66% last year. Interest rates'remain low with the highest interest rate-664- <br />municipal bond of.3.73%.: The•chart below shows the City's.invested funds for the• last foul <br />years. <br />1,600,000.00 <br />1A00000.00 <br />1,200,000.00. <br />I,000,wo.00 <br />• $�O,p00.00 <br />609,000.00 <br />400,QM.0o <br />2ao o0q. Q <br />$ Invested <br />2� J aJ JEz �q� vex �¢� ,ve6 <br />---ram 2019 <br />.-.«.... 2020 <br />»-w- .2021 <br />-2022 <br />The other factbr: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 bins 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•yearand the end of the year with the funds being drawn <br />