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` money in July and December from tax settlements, it's 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 below demonstrates the cash flaw for the <br />City, <br />Cash Balances. <br />3D0;000s00 <br />200,000.0.0 <br />] 50,000:D0 <br />Ooxx oo <br />50,000M <br />0.00: <br />IF, Q0 <br />CONCLUSION <br />_.,..w...- 2014 <br />.— 015 <br />. 2.016 <br />The City had a typical first quarter of the year financially.. Through the first quarter it appears. <br />revenues should finish the year near budgeted. amounts for most revenue sources, while <br />expenditures may end near or slightly below budgeted.amounts. The City has sufficient cash <br />and investments to meet its obligations until the City receives its first tax settlement in July, <br />however investment earnings remains low. So it would appear the City is in good financial <br />.shape for 20.16.. <br />