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Reserves so they can make a cash investment in a Capital Infrastructure to build a city hall or to do Something Like that and also to keep the bond rating agencies happy, to demonstrate that they are good stewards of the fiscal resources. So if you noticed the trend over time, it was much less than what we are now at about 22 of expenditures. Some 25 or 30 years ago it was much less. What cities have done over the last 25 and 30 years is theyve realized several things. One, that you cant predict the future as we all witnessed this last winter when salt reserves for at least the northern cities and some southern as well ran out very early and they had to dig into their reserves to buy more salt and snowplowing services. So preparing for these unexpected emergencies is one of the reasons that the reserves tend to grow over time. The other is that between the time that we started monitoring ending balances in the general fund to the present is that the federal government has become a much

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