2015 10-20 CC PACKET - Laserfiche WebLink

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has a budget of $21,156.00 for these charges and have paid 94.95% or $20*090.15 for this fine Item. Overall. the Sanitary sewer fund should finish the year with revenues above budget and expenses close to .budgeted amounts. If thishappens the Sewer Enterprise Fund will operated ate gain of about $6,000.00. CASH AND INVESTMENTS Finally, the City had $868,585.21 invested as of September 30YThis compares. to $814,745.61 invested last year at this time. The increase in investments is due to the City paying off the City's N04 and 2006 improvement bonds in 2014, but still col lecting.special assessments for the projects funded by the bonds. The investments had an average interest rate of 1.060/0 compared to 1.59% last year. Interest rates remain low with 2.90% interest rate on .a CD as its Highest rate of return. The chart.below shows the City's invested funds for the last two years. Invested ]., 2 W'Dw.(.0 r b DD,��CYJ.flU - l�oti,cl�YJ.nU 4W,oy.):o0 zUi 206,I)Q0.60. 02015 0.00 2014 4y ,pit i pit ,qCc The other factor and equally important as funds invested is the City's cash in the bank. These are the funds. the City uses to pay its bills each month. Since the City receives the majority of its money in July and. December from tax settlements, it's not unusual far the City to have a large amount of cash available in those rnonths with the funds being drawn dawn in the proceeding months. Depending on expenditures and. other revenues collect the City may draw on its investments to help meet its cash needs. The chart on the following page demonstrates the cash flow for the City.