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INIMM <br />lomm <br />Now <br />Honorable Mayor and Members of the City Council <br />City of Link Lakes <br />Page 13 <br />General Fund — Fund Balance <br />The City's December 31, 1998 fund balance totaled $3,411,332. Fund balances of the General Fund <br />have kept pace with the expenditures in the General Fund as they have increased in each of the past <br />ten years. The percent of expenditures in fund balance shows the relationship of fund balance to the <br />total expenditures in the General Fund. The reason for the drop in the 1998 percentage is the total <br />general fund expenditures increased because of the storm clean up. This is a very positive financial <br />position for the City <br />$ of Fund Balance & Expenditure <br />Fund Balance and Expenditures vs <br />Percentage of Expenditures in Fund Balance <br />6,000,000 <br />5,000,000 — <br />4,000,000 — �--1 <br />3,000,000 — <br />2,000,000 — <br />1,000,000 <br />I 1 1 <br />Total Fund Balance as of December 31, <br />•Annual Expenditures <br />—4—% of Expenditures in Fund Balance <br />80.0% <br />70.0% <br />60.0% <br />50.0% <br />40.0% <br />30.0% <br />20.0% <br />10.0% <br />0.0% <br />