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The stability of the General Fund's financial position is greatly attributed to the City's "Fund Balance and <br />Excess Revenue Policy" as well as the general budgeting policies. These policies have allowed the City to <br />provide funding for equipment replacement and recurring capital maintenance programs without disrupting <br />the General Fund's financial position or having to issue debt for each of these projects. <br /> <br />A key aspect in determining a sufficient level of fund balance relates to the corresponding cash flow. This <br />is particularly important because of the high and low cash flow points throughout the year caused by the <br />timing of tax and state revenues. One can see from the following graph the impact of the state and tax <br />revenues received primarily in July and December. The City's General Fund cash and investment balance <br />fluctuated by over a million dollars in each of the years shown. <br /> <br /> General Fund Cash & Investment Flow <br /> Month-End Balances for 1995, 1996, & 1997 <br /> <br /> 3000 <br /> 2500 I ~'~""~' / <br /> <br /> 500 <br /> <br /> 0 i i i i i i i i i i <br /> Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec <br /> <br /> 1995 <br /> <br />1996 <br /> <br />1997 <br /> <br />The following chart reflects the City's General Fund reliance on its revenue sources for 1997. <br /> <br />General Fund Revenue By Source <br /> <br />Taxes <br />50.6% <br /> <br />Other <br />6.4% <br /> <br />State revenue <br /> 24.9% <br /> <br />Fines <br />1.2% <br /> <br />Charges for services <br /> 7.4% <br /> <br />Licenses & permits <br /> 9.5% <br /> <br />-7- <br /> <br /> <br />