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Enterprise Funds <br />The City operates water, sewer, and storm water utilities each accounted for in a <br />separate enterprise fund. Utility rates are charged as outlined in the City Fee Schedule. <br />Each fund has been recently analyzed in a utility rate or feasibility study and the <br />revenue and current expenditure assumptions from those studies have been <br />represented on the Projected Cash Balance statements along capital outlay <br />expenditures from the Capital Improvement Program. The ending cash balance for each <br />fiscal year, by fund, is also carried forward and represented on the Cash Balance <br />Summary within the Financial Section of the Plan. <br /> <br />Conclusion <br />The Plan is a work in progress and must be reviewed and revised in order to stay <br />viable. While it is a guide, it does portray an overview of what the financial needs of the <br />City are anticipated to be over the five years presented. As conditions change, the City <br />must accommodate such changes. Actual performance will vary from the results <br />modeled in the Plan. <br /> <br />Respectfully submitted, <br />Hannah Lynch <br />Finance Director <br />9