LIMA — The city of Lima’s finances remain on track, but the city will have a reduction in its cash balance. That was part of Lima Finance Director Steve Cleaves’ budget update report to Lima City Council on Monday. Taking a look at the first half of the year, Cleaves told council members that, on the whole, revenue and expenses are in line with projections made at the beginning of the year. “This is a familiar story with charts you’ve seen before,” he said.