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City of Mounds View, Minnesota <br /> Management Report, Page 14 <br /> The level of the fund balance of the City's General Fund is one indicator of the <br /> Sinancial strength or independence of a City. This often becomes critical during <br /> periods of high inflation, decreasing State aids, and poor economic growth. Without <br /> adequate reserves, a City may be unable to respond to external factors. With adequate <br /> reserves, these external factors are more manageable by the City. <br /> The City has achieved and maintained a sound fund balance level for its General <br /> • <br /> Fund. This level is adequate to meet several required needs as follows: <br />• <br /> Reserve for Cash Flow <br /> ( timing difference between <br /> expenditure dates and <br /> major revenue receipts ) <br /> Reserve for <br /> Emergency/ <br /> Unanticipated Reserve for <br /> Expenditures Capital Outlay <br /> Replacement <br /> t---0 ------ ISMAMPOMMIM <br /> 4 Ili earmi r•gra r•nig re ion ris Vs in 414 no%nil <br /> =' ADEQUATE '-"MN mOr• <br /> r_. <br />