Town of Dewey Beach Operating Financial Summary Six Months Ended September 30, 2011

Operating Overview-Actual vs. Budget Actual Six Months Ended September 30, 2011 Revenues $ 1,699,533 Expenditures 2,123,403* Net Income $ -423,870 *Includes Bayard Ave. Expenditures of $ 495,754 Net Excluding Bayard Ave. $ 71,884 Budget Six Months Ended September 30, 2011 Revenues $ 1,643,677 Expenditures 1,500,348 Net Income $ 143,329

Operating Revenues-Budget vs. Actual Actual Six Months Ended September 30, 2011 Revenues Transfer Tax $ 239,581 Accommodation 26,638 Business Licenses 133,652 Parking Permits 534,748 Parking Fines 290,766 Other Revenue 474,148 Revenues $ 1,699,533 Budget Six Months Ended September 30, 2011 Revenues Transfer Tax $ 189,000 Accommodation 26,300 Business Licenses 139,300 Parking Permits 519,600 Parking Fines 250,400 Other Revenue 519,077 Revenues $ 1,643,677

Operating Expenses-Actual vs. Budget Actual Six Months Ended September 30, 2011 Expenses Bayard Project $ 495,754 Administrative 442,464 Police 491,917 Streets &Highways 59,049 Alderman Court 15,870 Lifeguards 268,995 Code Enforcement 39,802 Life Saving Station 3,816 Seasonal Police 305,735 Total Expenses $ 2,123,402 Budget Six Months Ended September 30, 2011 Expenses Bayard Project $ 0 Administrative 355,196 Police 447,877 Streets & Highways 76,763 Alderman Court 25,214 Lifeguards 278,473 Code Enforcement 39,119 Life Saving Station 3,690 Seasonal Police 274,016 Total Expenses $ 1,500,348