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Cash and Investments Balance <br />$40,000,000 <br />$35,000,000 1 $34,266,867 <br />$30,000,000 <br />$26,742,447 <br />$25,000,000 <br />$20,000,000 <br />$15,000,000 <br />$10,0 00,0 00 <br />$5,000,000 <br />2021 2022 <br />Electric <br />Water <br />$27, 554,752 <br />2023 <br />During our audit, it was noted that over 80% of cash on hand is in a savings account earning 0.30%. We <br />recommend reviewing monthly liquidity, current investments, and market conditions in attempt to maximize <br />interest earnings for the Utilities. <br />AFL*,&%#od0 11 <br />59 <br />