Financial Summary Seven Months Ended October 31, 2011 Town of Dewey Beach Financial Summary Seven Months Ended October 31, 2011

Overview-Actual vs. Budget Seven Months Ended October 31, 2011 Revenues $ 2,288,715* Expenditures 2,279,714** Net Income $ 9,001 **Includes Bayard Ave. Expenditures of $ 509,468 Net Excluding Bayard Ave. $ 405,066 Seven Months Ended October 31, 2011 Revenues $ 2,062,178 Expenditures 1,685,502 Net Income $ 376,676 *Includes Bayard Ave. Revenues of $ 113,403

Revenues-Budget vs. Actual Seven Months Ended October 31, 2011 Revenues Transfer Tax $ 334,975 Accommodation 303,966 Business Licenses 138,852 Parking Permits 534,748 Parking Fines 319,195 Other Revenue 656,979 Revenues $ 2,288,715 Seven Months Ended October 31, 2011 Revenues Transfer Tax $ 221,000 Accommodation 342,300 Business Licenses 140,400 Parking Permits 519,600 Parking Fines 270,900 Other Revenue 567,978 Revenues $ 2,062,178

Expenses-Actual vs. Budget Seven Months Ended October 31, 2011 Expenses Bayard Project $ 509,468 Administrative 492,153 Police 552,825 Streets &Highways 75,217 Alderman Court 19,188 Lifeguards 270,974 Code Enforcement 45,309 Life Saving Station 4,076 Seasonal Police 310,504 Total Expenses $ 2,279,714 Seven Months Ended October 31, 2011 Expenses Bayard Debt S. $ 26,500 Administrative 410,379 Police 523,419 Streets & Highways 81,550 Alderman Court 27,917 Lifeguards 280,831 Code Enforcement 44,978 Life Saving Station 8,967 Seasonal Police 280,961 Total Expenses $ 1,685,502