TRIỂN VỌNG KINH TẾ VÀ ĐIỀU KIỆN TÀI CHÍNH Các thông tin được trình bày trong báo cáo tài chính có lẽ là tốt nhất khi nó được xem xét từ quan điểm rộng hơn về môi trường cụ thể mà trong đó thành phố hoạt động. Terrell có một cơ sở công nghiệp đa dạng bao gồm các nhà sản xuất, nhà phân phối, và bộ vi xử lý. Hai tổ chức giáo dục đại học được đặt ở đây. | ECONOMIC OUTLOOK AND FINANCIAL CONDITION The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the City operates. Terrell has a diversified industrial base consisting of manufacturers distributors and processors. Two institutions of higher education are located here. They are Southwestern Christian College and Trinity Valley Community College. The City activity works with the Terrell Economic Development Corporation and local industries to encourage expansions and relations to our community. Land is available for development and the area has an abundant water supply. Incentives are also available to facilitate business expansions or relocations. The outlook is encouraging with industrial commercial and residential development expected to continue. The potential for sustained development is present and many people are working to promote positive economic growth. Economic signs. ASSESSED PROPERTY VALUATIONS in millions SALES TAX COLLECTIONS in millions 2000 506 373 987 5 468 815 2001 586 621 575 5 662 562 2002 603 618 789 5 756 021 2003 665 698 525 6 008 287 2004 727 025 258 6 595 836 2005 834 587 541 6 683 382 2006 894 542 447 7 002 351 2007 931 051 598 6 976 566 Cash Management The City awards its depository contract through official bidding procedures for a three-year period with an option to extend the contract for an additional two years. The current depository contract with American National Bank expires September 30 2010. The City has a services-only contract where a minimum amount of cash is held in interest bearing checking accounts to meet the City s operational needs. The remaining idle cash is invested by City officials in securities as allowed by Texas Statutes and by the City s investment policy. At September 30 2007 all idle cash totaling 4 077 409 was invested in certificates of deposit. The overall portfolio provided 594 522 in .
