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or others like it could potentially be raised again. <br /> <br />While the General Fund and Sewer Fund appear to have adequate <br />reserves, the Water Fund does not, and is operating in a deficit <br />position. Adequate reserves to fund future capital replacement of <br />equipment and facilities in all funds need to be determined and <br />established. Slowing in the real estate sector may result in the <br />delay of planned capital projects, and a slowed rate of growth in <br />property taxes to the General Fund due to reassessments. <br /> <br />While the long term picture continues to look good, the next couple <br />years may bring slower economic growth to the City, and the City <br />will find itself financially impacted by regional and state issues. <br /> <br />Respectfully submitted, <br /> <br />Susan Rossi <br />Director of Finance <br /> <br />Deborah Acosta <br />City Manager <br /> <br />Appendices: <br /> <br />A Balances by Fund Types as of June 30, 1990 <br />B Allowable and/or Planned Uses of Reserves as of <br /> June 30, 1990 <br />C Budget vs. Actual 1989-90 for Selected Funds and Selected <br /> Revenues <br />D Appropriations Carryovers from 1989-90 into 1990-91 <br />E Financial Trends <br />F Operating Debt Ratios and Debt Summary <br /> <br />srfinrpt.90 <br /> <br />SR 90:487 <br /> <br /> <br />