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<br /> I <br /> I <br /> ! <br /> . <br /> 1993l reducing brokerage fees. <br /> And despite the s(rains on insur, <br /> ersl reserves caused by natural dis# <br /> asters-like the 1993 f1ood- <br /> MWCC was able to negotiate <br /> casualty and property coverage <br /> that delivered the same or better <br /> coverages at the same or better <br /> prices. <br /> For its prudent financial <br /> management, MWCC received <br /> the national Distinguished Bud, <br /> get Presentation Award in 1992 <br /> and 1993. We also received the <br /> . Certificate of Achievement for Employees mamror the col~ <br /> Excellence in Financial Reporting in 1992. work, however, is the maintenance of MWCC's lection and rrearmenr of 300 <br /> These awards, voted on by OUf peers, are signif, T rip le-A bond rating. million gaUons of tmste~ <br /> water each da:-' . <br /> icant. The greatest testimony to our financial <br /> 1992 - 1993 OPERATING EXPENSES <br /> IN THOUSANDS OF DOLLARS <br /> 1992 1992 1993 1993 <br /> BUDGET ACTUAL BUDGET ACTUAL <br /> (AMENDED) (AMENDED) <br /> OPERATIONS, MAINTENANCE <br /> & ADMINISTRATIVE $ 89,566 $ 85,316 $ 93,144 $ 92.242 <br /> ! <br /> DEBT SERVICE 51.800 51,709 49,533 49,639 <br /> INSURANCE 3.069 2,546 2,994 2,656 <br /> RESERVE CONTINGENCY 500 500 0 0 <br /> PAST ASH 1,883 1,883 1,500 1.500 <br /> TOTAL EXPENSES $146,818 $141.954 $147,171 $146,037 <br /> . <br /> 151 <br /> L___.___ <br /> --------- <br />