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Attachment B <br />License Center Fund (2017 Activity) <br /> $1,000,000 <br />26% of Budget <br />30% of Budget <br /> $800,000 <br /> $600,000 <br /> $400,000 <br /> $200,000 <br /> $- <br />JanFebMarAprMayJunJulAugSepOctNovDec <br /> $(200,000) <br />'17 Rev'17 Exp'17 Cash Balance <br />License Center Fund (2018 Activity) <br /> $700,000 <br /> $600,000 <br />24% of Budget <br /> $500,000 <br /> $400,000 <br /> $300,000 <br /> $200,000 <br /> $100,000 <br /> $- <br />JanFebMarAprMayJun <br />'18 Rev'18 Exp'18 Cash Balance <br />The License Center Fund started 2017 with a cash reserve level of 39%, and fell to a low of 30% in May. <br />This excludes the months of July-November when revenue and cash recognition was delayed due to the <br />motor vehicle transaction processing challenges at the State.For 2018, it started with 26% and fell to a <br />low of 24% before improving. In both 2017 and 2018, the cash reserve level fluctuated by no more than <br />10%. The cash reserve target level target for this Fund is 10-25%. <br />The 2018 cash reserve level is likely to get larger as the City nears a final decision on the amount of <br />capital investment made in the facility. Currently, $500,000 is earmarked for this purpose, but it will <br />likely be significantly less. <br /> <br /> <br /> <br />