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Storm Sewer Fund Summary <br />,�� The following table depicts the 2012 financial activity for the Storm Sewer Fund for the fiscal period <br />� � ending September 30, 2012 (unaudited). <br />2012 2012 % % <br />Budget Actual Actual Expect• Diff. <br />Revenues <br />Charges for services $ 1,809,938 $ 932,350 51.5% 52.1% -0.5% <br />Interest earnings 65,000 - 0.0% 0.0% 0.0% <br />Miscellaneous 35,000 6,335 18.1% 191.4% -173.3% <br />Total Revenues $ 1,909,938 $ 938,685 49.1% 49.7% -0.5% <br />Expenditures <br />Storm Drainage operations 1,909,938 941,514 493% 53.9% -4.6% <br />Other - - n/a n/a n/a <br />Total Expenditures $ 1,909,938 $ 941,514 49.3% 53.9% -4.6% <br />� Comments: <br />� Storm Sewer Fund revenues are at expected levels. <br />� The Storm Sewer Fund is currently in excellent financial condition with a cash reserve of $2.6 million. <br />���� This reserve level is expected to decline over the neXt 10 years due to planned capital improvements. <br />� Future rate increases will partially offset the draw down of reserves. <br />� <br />Page 11 of 13 <br />