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FINANCIAL TRENDS AND CONDITIONS OF YOUR CITY <br /> <br />The General Fun~d has experienced a gradual improvement in financial health over the past few years. <br />This is particulariy important to help minimize the effect of state funding changes, provide for adequate <br />cash flow, altowifor adequate funding of services, repairs of infrastructure, maintain favorable bond <br />ratings, and to a~oid volatility in tax rates. <br /> <br />Cash dropped ini 1993 primarily as a result of the General Fund loaning cash to certain funds to <br />temporarily finan~:e deficit balances carried by those funds at year-end. <br /> <br />General Fund Financial Posrdon <br /> Yems Ended December 31 <br /> <br />A key aspect in d~termining a sufficient level of ~nd bal~ce relates to the corresponding cash flow. <br />This is particularl~ important because of the high and low cash flow points t~oughout ~e year caused <br />by the timing of t~x and state revenues. Although the City's General Fund did maintain positive cash <br />flow throughout t~e year, one can see by the following illustration the impact of the state and tax <br />revenues received ~primarily in July and December. Also, the cash lo~s to other ~nds were made in <br />December, which 'educed cash balances in ~e General Fund. <br /> <br /> General Fund Cash & Inves~ent F~w <br /> ~ ~s ~ 1~3 <br /> <br /> , '; .. . , ~.-' · <br /> <br />-6- <br /> <br /> <br />