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<br /> Northeast Youth & Family Services contract is paid once per year, so Community <br />Partnerships are at 78.09% of the budget. This is consistent with prior years. <br /> <br /> Old Fire Hall at 31.69 % to budget primarily due to lower cost paid for utilities <br />because of a mild winter at the beginning of 2024. This lower trend for utilities <br />has been noted in all the departments for this budgeted item. <br /> <br /> Street Lighting is trending lower at 39.88 % in 2024 when compared to 50.03 % <br />in 2023. The decrease relates primarily to the timing of the June payment. 2024 <br />June payment was paid in July rather than in June as in 2023. <br /> <br />Special Revenue and Enterprise Funds <br />The Quarterly Financial Report for the special revenue and enterprise funds is attached to this <br />report. All funds fell within the expected budget amounts. <br /> <br />Investments <br />As of June 30th 2024, total cash and investments for all City Funds totaled $17,351,182.73, and the <br />allocation by investment type is as follows: <br />Type Amount Percentage <br />MM $1,099,413.98 6.34% <br />CD $10,947,901.66 63.10% <br />Agency $749,376.70 4.32% <br />Treasury $581,949.91 3.35% <br />Municipal $117,915.60 0.68% <br />Checking 4M $3,854,624.88 22.22% <br />Total $17,351,182.73 100.00% <br /> <br />All of the CD’s that City holds are under $250,000 and are FDIC insured. There is one CD at <br />RCU that is collateralized, as per the City’s investment policy. All current investments are within <br />the City’s Investment Policy. <br /> <br />Since the City’s cash and investments are needed for cash flow in the City’s operating and capital <br />activities, it is helpful to understand the maturities to structure future investment opportunities. <br />Below are the future maturities for the City’s cash and investments. With the first settlement <br />revenues collected the City has invested approximately one additional million that is not reflected <br />in the below table. These investments were targeted for the 2027 and 2028 years to meet future <br />cash flow needs. Additional investments are expected to be added at the end of 2026 and beginning <br />of 2027 and 2028 based on availability in Q3. <br />