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Water Fund Summary <br />�� The following table depicts the 2012 financial activity for the Water Fund for the fiscal period ending <br />� September 30, 2012 (unaudited). <br />Revenues <br />Charges for services <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />2012 2012 % % <br />Bud�et Actual Actual Expect• Diff. <br />$ 7,000,750 $ 3,913,058 55.9% 54.1% 1.8% <br />- - n/a n/a n/a <br />2,000 160 8.0% 335.6% ###### <br />$ 7,002,750 $ 3,913,218 55.9% 54.1% 1.7% <br />Expenditures <br />Water operations 7,002,750 4,715,235 67.3% 58.7% 8J% <br />Other - - n/a n/a n/a <br />Total Expenditures $ 7,002,750 $ 4,715,235 673% 58.7% 8.7% <br />Comments: <br />Water Fund revenues and expenditures are near expected levels. <br />The Water Fund is currently in poor financial condition with virtually no cash reserves; although the Fund's <br />overall financial condition has been improving in recent years. An internal loan has been made from the <br />Sanitary Sewer Fund to the Water Fund to cover prior period operating losses. Future rate increases will be <br />needed to repay the internal loan and to offset projected increases in operational and capital replacement <br />costs. <br />Page 10 of 13 <br />