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Budget Update <br />April 20, 2017 <br />Page 2 <br />Investments <br />A listing of the City's investment portfolio is included for your review. Interest earned through <br />3/31/2017 is $44,480.46. This compares to $46,726.50 during the first quarter of 2016. The <br />interest earnings do not include any adjustments for the current market value of the portfolio. <br />In summary, the overall General Fund budget is looking good through the I st quarter. Revenues <br />are at 14.2% of budget. While this is little lower than in the past few years, they are still <br />projected to end the year at budgeted levels. Overall expenditures are on track to be at budgeted <br />levels, however some individual departments show signs of being over budget. <br />