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Storm Sewer Fund Summary <br />176 <br />The following table depicts the 2012 financial activity for the Storm Sewer Fund for the fiscal period <br />177 <br />ending June 30, 2012 (unaudited). <br />178 <br />179 <br />20122012%% <br />ActualActualExpect.Diff. <br />Budget <br />Revenues <br />Charges for services1,809,938$ 556,634$ 30.8%38.9%-8.1% <br />Interest earnings65,000 - 0.0%0.0%0.0% <br />Miscellaneous35,000 5,670 16.2%148.2%-132.0% <br />Total Revenues <br />$ 562,3041,909,938$ 29.4%37.3%-7.9% <br />Expenditures <br /> 610,0161,909,938 31.9%36.1%-4.2% <br />Storm Drainage operations <br />Other- - n/an/an/a <br />Total Expenditures$ 610,0161,909,938$ 31.9%36.1%-4.2% <br />180 <br />181 <br />Comments: <br />182 <br />Storm Sewer Fund revenues are at expected levels. <br />183 <br />184 <br />The Storm Sewer Fund is currently in excellent financial condition with a cash reserve of $2.6 million. <br />185 <br />This reserve level is expected to decline over the next 10 years due to planned capital improvements. <br />186 <br />Future rate increases will partially offset the draw down of reserves. <br />187 <br />188 <br />Page 11 of 13 <br /> <br />