A. Cash Forecast: A cash forecast is the city's tool for determining expected expenditures and revenues over a projected period of time which may be a fiscal calendar year or several fiscal calendar years.
B. Amount Kept In Checking Account: The amount kept in the checking account is the amount required to cover any obligations of the city that may be outstanding, plus any money that may be expended based on the cash flow projections between investment periods and in relation to the city determined fiscal periods, plus any banking or financial institution service charges that may be incurred for the maintenance of the city accounts.
C. Accountability: Investments should be shown at cost and adjusted for any premium or discount. An accounting schedule of investments for each year will show, for each investment, the date purchased and sold, the price paid with reference to one hundred (100) as par, the total cost to the city, the amount realized on sale, with premium if any, and the interest received by the city. (Ord. 1995-4, 2-6-1995)