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into much more detail about this chart and the complete financial model developed at the <br />meeting. <br />City of Elk River ~ <br />i <br />Water Fund Operating Cash Reserves <br />5, 000, 000 4% <br />4, 500, 000 <br />4, 000, 000 - <br />3, 500, 000 3% <br />3, 000, 000 3 ~; <br />2,500,000 - ~ s ~ 2% <br />. 3 <br />2,000,000 -~ ` `- x e ;~ <br />i <br />1, 500, 000 .: ~ ~ ~ r :l <br />., <br />:~' ~~ 1 <br />1,000,000 - - <br />500,000 <br />0 0% <br />2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 <br />Target cash reserve amount ®Actual cash amount Annual Rate Increase <br />Next steps <br />Up date model with 2009 audited numbers and 2011 budget when completed. <br />