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City of Lino Lakes, Minnesota <br />Management Report, Page 16 <br />A graphic illustration of monthly cash balances of the General Fund is as follows: <br />$2,000,000 <br />$1,800,000 <br />$1,600,000 <br />$1,400,000 <br />$1,200,000 <br />$1,000,000 <br />$800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br />$o <br />January <br />Monthly General Fund Cash Balances <br />March <br />May <br />July <br />September November <br />As indicated above the General Fund's cash balance decreases through June prior to the July <br />tax settlement. The cash balance as of June 30 was $675,432 which approximates the City's <br />general contingency reserve requirement. This graphic illustration emphasizes the importance of <br />the City's cash flow reserve. <br />