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City of Lino Lakes, Minnesota <br />Management Report, Page 15 <br />The following graph of monthly General Fund cash balances illustrates the impact of receiving <br />property taxes and State aids in the second half of the year. <br />As indicated above the General Fund's cash balance decreased between January and July. <br />This graphic illustration emphasizes the importance of the City's cash flow reserve. <br />General Contingency Reserve. The general contingency reserve is equal to 15% of the City's <br />general fund expenditure budget for the ensuing year as follows: <br />1997 budgeted expenditures $4,564,310 <br />Applicable percentage 15 % <br />General contingency reserve $684 ,647 <br />