Town of Dewey Beach Operating Financial Summary Five Months Ended August 31, 2011

Operating Overview-Actual vs. Budget Actual Five Months Ended August 31, 2011 Revenues $ 1,530,959 Expenditures 1,612,368* Net Income $ -81,409 *Includes Bayard Ave. Expenditures of $ 355,564 Budget Five Months Ended August 31, 2011 Revenues $ 1,474,748 Expenditures 1,266,403 Net Income $ 208,345

Operating Revenues-Budget vs. Actual Actual Five Months Ended August 31, 2011 Revenues Transfer Tax $ 236,581 Accommodation 25,647 Business Licenses 122,325 Parking Permits 506,454 Parking Fines 280,894 Other Revenue 359,058 Revenues $ 1,530,959 Budget Five Months Ended August 31, 2011 Revenues Transfer Tax $ 170,000 Accommodation 14,300 Business Licenses 138,200 Parking Permits 503,200 Parking Fines 214,300 Other Revenue 434,748 Revenues $ 1,474,748

Operating Expenses-Actual vs. Budget Actual Five Months Ended August 31, 2011 Expenses Bayard Project $ 355,564 Administrative 316,501 Police 378,878 Streets &Highways 47,717 Alderman Court 12,189 Lifeguards 218,533 Code Enforcement 29,593 Life Saving Station 2,466 Seasonal Police 250,927 Total Expenses $ 1,612,368 Budget Five Months Ended August 31, 2011 Expenses Administrative $ 299,793 Police 372,390 Streets & Highways 66,981 Alderman Court 19,419 Lifeguards 242,198 Code Enforcement 33,560 Life Saving Station 3,013 Seasonal Police 229,049 Total Expenses $ 1,266,403