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Page 2 <br />7. The City's overall cash and investments have increased <br />$1,687,000. With the ridiculously low interest rates, it is <br />heartening to know that we are increasing the City's assets. <br />8. The Finance Department has implemented procedures for the <br />collection of delinquent contractor deposits. Monthly, a report is <br />given to Darrell and Mary Kay who in turn inform the contractors of <br />their delinquencies. We now have a clear accounting of each <br />contractor escrow account. <br />9. The suggestions in the Management report have decreased <br />substantially as Finance is controlling more of the audit work. <br />If you would like anything further, please ask. <br />