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8. Reports <br />a. Fund Balance Report [Michael Dolby, Finance Director] <br />Mr. Dolby presented that the general fund had $118.5M at the end of February <br />(614 days of working capital) is expected to end the fiscal year with $78AM. The <br />utility fund showed 177 days of working capital and is currently expected to end <br />the fiscal year with 116 days. <br />b. Administrative Reports [Corby Alexander, City Manager] <br />Mayor Pro Tem Engelken said the Fiscal Affairs Committee met this afternoon, <br />received the quarterly investment and purchasing card reports, and set its next <br />meeting for July 28. <br />9. Items of Community Interest <br />Councilpersons urged the public to get involved, especially requesting a return of El <br />Toro's Wednesday buffet, and celebrated the hard work and success of the Chamber <br />of Commerce and the City for Saturday's Sylvan Beach Day Festival. <br />