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Attachment B <br />General Fund (2017 Activity) <br /> $8,000,000 <br /> $7,000,000 <br />38% of Budget <br /> $6,000,000 <br />11% of Budget <br /> $5,000,000 <br /> $4,000,000 <br /> $3,000,000 <br /> $2,000,000 <br /> $1,000,000 <br /> $- <br />JanFebMarAprMayJunJulAugSepOctNovDec <br />'17 Rev'17 Exp'17 Cash Balance <br />As shown above, the General Fund started 2017 with a cash reserve level of 50%. This reserve level <br />feel to a low of 11% in June just before receiving its first-half property tax collection. <br />General Fund (2018 Activity) <br /> $6,000,000 <br /> $5,000,000 <br /> $4,000,000 <br />6% of Budget <br /> $3,000,000 <br /> $2,000,000 <br /> $1,000,000 <br /> $- <br />JanFebMarAprMayJun <br />'18 Rev'18 Exp'18 Cash Balance <br />For 2018, The General Fund started with a cash reserve level of 38% and fell to a low of 6% before <br />recording its first-half property tax collection. It should be noted that there can be timing differences <br />between the actual receipt and disbursement of cash compared to when the recognition of revenues and <br />expenditures are made. This is due to various accrual-type accounting standards that come into play as <br />well as the timing of when actual cash reconciliations are performed throughout the year. <br />In both 2017 and 2018, the cash reserve level dropped by at least 32%, highlighting the volatility of the <br />Funds’ cash-flow needs throughout the fiscal year. <br /> <br />