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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 chart below demonstrates <br />the cash flow for the City. <br />Cash Balances <br />1,600,006;00 <br />900,00Q.OQ <br />800,000.00 <br />700,OM.00 <br />600,000.06 -- 2019 <br />500,000.00 <br />�- - 2 02 o <br />400;000.06 <br />3oo.000.00 -�+--�-2021 <br />.200,Oon.QO 202 2 <br />100,000.00• <br />a,oa <br />CONCLUSION <br />The City had atypical first half of the year financially: Through the second quarter, it appears <br />reVeriues could finish the year near or above budgeted amounts for most. revenue sources, <br />while expenditures may end near or slightly below budgeted amounts. The City has sufficient <br />cash .arid investments to meet its obligations, however investment earnings remains low. <br />The it would appear the City is in good financial shape for 2022. <br />