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AV <br />EM <br />[Future Bonds -Road <br />Reconstruction <br />Prepayment of special assessments <br />6 year history shows average of $125,000 in <br />prepayment of special assessments <br />Will annually analyze prepayment history to <br />recommend if or how much the current year <br />bond amount should be reduced <br />Fund Balance <br />Leave fund balance at current level <br />Current policy is to have fund balance <br />between 30% and 35% <br />Current fund balance of $1.3 million is <br />33% of the 2008 Operating budget <br />Adequate for the City & provide flexibility for <br />unforeseen expenditures <br />Liquor store revenues provide additional flexibility in <br />cash flow for the City <br />