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General Fund Expenditures <br />As of June 30, 2019, actual expenditures are at 47.99% of the budget. This is consistent with <br />prior years. <br />Highlights: <br />•The 2019 expenditures continue to fall within budget amounts. <br />•$2,874 was spent for the Twin Lake emergency sandbagging operations as of <br />June 30, 2019. In addition, there has been approximately $30,000 paid in July and <br />August for implementation of the pumping operation. Not reflected in these <br />numbers is the 6” pump operation which will be approximately $6,000 per month. <br />•Due to the severe winter weather conditions, the Streets Department has spent <br />$13,490 more for salt in 2019 than was spent in 2018. Staff is monitoring the <br />budget. <br />Investments <br />As of June 30, 2019, total cash and investments for all City Funds totaled $15,507,190, and the <br />allocation by investment type is as follows: <br />Type Amount Percentage <br />Money Market $3,853,645 24.85% <br />CD’s $7,592,102 48.96% <br />Agencies $2,235,000 14.41% <br />Municipal Bonds $1,826,443 11.78% <br />Total $15,507,190 100% <br />All the CD’s that the City holds are under $250,000 so they are FDIC insured except for the <br />RCU CD. Since this CD is over the insurance limits, it is collateralized as per the City’s <br />investment policy. Agencies that the City holds are agencies through the Federal Home <br />Loan Mortgage Corporation (Freddie Mac) and are rated by Moody’s as AAA <br />investments. All current investments are within the State Statue guidelines. <br />48.13% <br />47.11% 47.52% <br />48.49% <br />47.99% <br />0.00% <br />10.00% <br />20.00% <br />30.00% <br />40.00% <br />50.00% <br />60.00% <br />70.00% <br />80.00% <br />90.00% <br />100.00% <br />2015 2016 2017 2018 2019 <br />% of Expenditures to Budget