Financial Summary Eleven Months Ended February 29, 2012 Town of Dewey Beach Financial Summary Eleven Months Ended February 29, 2012

Overview-Actual vs. Budget Eleven Months Ended February 29, 2012 Revenues $ 2,931,926* Expenditures 2,899,492** Net Income $ 32,434 **Includes Bayard Ave. Exp. & D/S of $ 519,043 Net Excluding Bayard Ave.$ 434,399 Eleven Months Ended February 29, 2012 Revenues $ 2,404,862 Expenditures 2,312,869 Net Income $ 91,993 *Includes Bayard Ave. Revenues of $ 113,403

Revenues-Budget vs. Actual Eleven Months Ended February 29, 2012 Revenues Transfer Tax $ 558,363 Accommodation 371,375 Business Licenses 262,386 Parking Permits 535,283 Parking Fines 398,745 Other Revenue 805,774 Revenues $ 2,931,926 Eleven Months Ended February 29, 2012 Revenues Transfer Tax $ 312,000 Accommodation 349,800 Business Licenses 225,200 Parking Permits 519,600 Parking Fines 305,900 Other Revenue 692,362 Revenues $ 2,404,862

Expenses-Actual vs. Budget Eleven Months Ended February 29, 2012 Expenses Bayard Project $ 519,043 Administrative 729,550 Police 830,848 Streets &Highways 96,281 Alderman Court 31,074 Lifeguards 287,069 Code Enforcement 69,753 Life Saving Station 7,810 Seasonal Police 328,063 Total Expenses $ 2,899,491 Eleven Months Ended February 29, 2012 Expenses Bayard Debt S. $ 53,000 Administrative 610,737 Police 832,695 Streets & Highways103,711 Alderman Court 39,328 Lifeguards 291,549 Code Enforcement 70,597 Life Saving Station 11,454 Seasonal Police 299,798 Total Expenses $ 2,312,869