Scope of Work

Review financial performance

Recommend rate adjustments

Prepare grant or loan applications

Historical Cash FlowsFY 07 FY 08 FY 09 FY 10 FY 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)

Capital Improvements Program

Project CIP 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

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

Customer Bill ComparisonSingle family home 5/8”x3/4” meter w/ monthly usage of 3,000 gals

Utility Water Sewer Combined

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

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

Questions?