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Page 2 <br />Special Service line is over budget for the year. These expenditures are offset by revenues and <br />reflect the increase in construction activity. The other General Fund department budgets are in <br />good shape for this time of the year. The overall expenditure budget is forecast to end the year at <br />100% of budget or less. <br />Investments <br />The third quarter investment listing is included for your review. The purchase price of our <br />current investments total $17,178,899.54. Total interest earned through September is <br />$140,970.53. The current market value of investments is $17,257,016.52 which is $78,116.98 <br />greater than our cost. A listing of new investments since the 3rd quarter is included with this <br />memo. <br />Summary <br />Overall the General Fund budget is in good shape through the end of September. Revenues are <br />expected to exceed budget while expenditures should finish the year at or below budgeted levels. <br />The General Fund should have a small positive budget varience. <br />