2. Scope of Work  Review financial performance  Recommend rate adjustments  Prepare grant or loan applications

3. Historical Cash Flows FY 07FY 08FY 09FY 10FY 11 Revenue$546,212$656,663$667,924$614,628$716,070 Operating Expenses$668,750$778,713$954,946$780,669$725,857 Net$(112,538)$(112,050)$(287,022)$(166,041)$(9,787) Non-operating Expenses$212,075$166,420$662,636$134,215$134.215 Total Net Revenue$(334,613)$(288,470)$(949,658)($300,256)$(144,002)

4. Capital Improvements Program ProjectCIP Years 1-5 Water Supply Exploratory Well$300,000 Water Treatment Improvements$1,800,000 Water Plant Maintenance Improvements$350,000 Booster Station Maintenance Improvements$150,000 Consumptive Use Permitting$100,000 Lee Cypress Water System Interconnect$250,000 Wastewater Treatment Plant Improvements$5,700,000 Wastewater Plant Maintenance Improvements$500,000 Collection and Transmission Maintenance Imp.$250,000 Total 5 Year CIP$9,400,000

5. Recommendations  Set up the utility system an enterprise fund  Rate increases are required to meet the operating expenses and CIP.  40% in FY 2012  25% in FY 2013  38% in FY 2014  Continue to pursue grants

6. Customer Bill Comparison Single family home 5/8”x3/4” meter w/ monthly usage of 3,000 gals UtilityWaterSewerCombined Everglades City Current$13.00$11.00$24.00 Everglades City FY 2012$18.20$15.40$33.60 Everglades City FY 2013$22.75$19.25$42.00 Everglades City FY 2014$31.62$26.76$58.38 Collier County$24.89$38.31$63.20 Lee County$19.12$30.39$49.51 Hendry County$28.75$21.01$49.76 City of Labelle$19.20$23.71$42.91 City of Clewiston$17.73$16.13$33.86 Survey Average$21.94$25.91$47.85

7. Grant Applications  FDEP construction grant application submitted  Added to planning list for pre-construction funding  Hearing to finalize funding list is July 27th  Contingent on receipt of federal funds in August  USDA pre-application meeting held

8. Questions?