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currently at 83.6% of budget, but should finish the year at budget. Golf is at 93.8% of budget <br />and will finish the year over budget. The overages are in Wages, Equipment Parts & <br />Accessories, and Building and Grounds Maintenance Supplies. Special Services will finish the <br />year over budget, however this overage is offset by the associated revenue line item that is also <br />finishing the year over budget. While a handful of individual departments will exceed budget, it <br />is expected that the overall expenditure budget will finish the year at around 99% of budget. <br />Investments <br />A listing of the City’s investment portfolio is included for your review. The City’s total <br />investment portfolio is $13,774,861.85. Interest earned through 9/30/2019 is $184,652 which <br />compares to $191,507.22 for the same period last year. The interest earnings do not include any <br />accrued interest that has not yet been received, or any adjustments for the current market value of <br />the portfolio. With the recent decline in interest rates, the annual mark to market performed at <br />year end should result in an increase in interest earnings. <br />Summary <br />In summary, the overall General Fund budget is looking good through the 3rd quarter. Revenues <br />are at 72.6% of budget and are on pace to finish the year between 100% - 103%. Overall <br />expenditures are at 72.3% of budget on track to be at 99% of budgeted levels. <br />General Fund Financial Report <br />3rd Quarter 2019 <br />Page 2 of 35