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Revenues for the second quarter are at anticipated levels having billed for the second <br />quarter sewer service at the end of June and will be collected during July. Expenses are <br />higher than anticipate, with the major expense was the $23,800 paid for televising the <br />City's sewer lines, which is a one time expense. Again I would anticipate the Sewer <br />Fund's expenses to finish the year near budgeted amounts. <br />Finally, the City had $966,735 invested as of June 301h. The last page is a listing of all <br />the City's investments The investment schedule includes where the funds came from, <br />the type of investment, interest rate, and the value of each investment. While the <br />schedule 5 CD's the City really only has three CD's. The CD listed from the 2004 Debt <br />Service Fund, 2006 Debt Service Fund and General Fund is one CD, but the accounting <br />system tracks it as three separate CD's because of the funding sources. <br />