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<br />Preview <br /> <br />Page 2 of2 <br /> <br />Excess Cash Balance <br /> <br />4,277,228.11 <br />6,565,426.70 <br /> <br />2,288,198.59 <br /> <br />1,879,920.07 <br />6,565,426.70 <br /> <br />4,685,506.63 <br /> <br />Required Cash Balance <br />City's Average Cash Balance <br /> <br />Interest Rate <br />Interest Earnings <br /> <br />0.00% <br /> <br />0.45% <br /> <br />1,757.06 <br /> <br />December represents a high cash balance due to the receipts of the property taxes. Over the <br />entire fiscal year, staff estimates a minimum of $1 0,000 in interest earnings on excess balances. <br /> <br />ADDITIONAL INFORMATION: <br /> <br />The City will piggyback the Housing Authority of the City of Fort Lauderdale, Proposal for <br />Banking Services, RFP Number 2010-05. <br /> <br />ATTACHMENTS: <br />. Resolution <br />. Agreement <br /> <br />http://sibagenda.sibfl.net/agenda/Preview.aspx?ItemID=457 &MeetingID=O&MeetingDate... 4/15/2011 <br />