Large Users Meeting 2010 Large User True-Up Report Review of Changes Implemented in This Year’s Report

Changes Change to the FY 2010 Large User True-Up Report – Report will be updated to include the federal interest subsidy for the 2010 Bonds received by the City in FY Changes based on data corrections Changes to ensure the report methodology matches the requirements set forth in the Large User Agreement

Changes Based on Data Corrections Correction of capacity figures to match figures in Large User Agreements/Addendums Correction of 2003 bond proceeds allocation to water and sewer based on actual use of proceeds

Correction of Capacity Figures Prior reports listed Broward County capacity reservation as 4.20 MGD – Large User Agreement between Broward County and the City of Hollywood calls for 5.3 MGD (Page 12). Prior reports did not correctly reduce the reserved capacity for Miramar by 4.00 MGD as a result of the 4 th Amendment to the Large User Agreement. – The resultant reserved capacity figures for Miramar, Hollywood and Hallandale were adjusted.

Changes So Report Methodology Matches Large User Agreement Inclusion of debt service coverage associated with outstanding bonds/loans per Article I.3. of the Large User Agreement. Bond debt service allocated correctly based on the agreement – not based solely on flow Inclusion of FFGFC Debt service instead of letting Large Users fund it through RR&I contributions Removal of True Up calculations based on Actual Flow

Inclusion of Debt Service Coverage in Large User True-Up Report Per the Large User Agreement, Large Users should pay their share of principal, interest and debt service coverage. – Article I.3 defines Debt Service Charges for the Large Users as the: “…applicable share of principal, interest, and coverage requirements…”.

Correct Allocation of Bond Debt Service Bond debt service should be allocated correctly based on the agreement – not based solely on flow as has been done in the past. – Article IV.2.b of the Large User Agreement sets forth the methodology based on the type of project: Treatment Collection Improvement & upgrading

Inclusion of FFGFC Debt Service in True-Up Report The Large User Agreement calls for all debt service to be included in the Large User True Up Report. – In the past, Large Users have paid the FFGFC debt service through their RR&I contributions.

Removal of True Up Calculations Based on Actual Flow 4 th Amendment to the Large User Agreement between Miramar and Hollywood called for Miramar to reduce their WWTP flow/capacity requirements – Hollywood and Hallandale agreed to absorb this “diverted” capacity/flow such that no other Large User was financially impacted. – True Up calculations are now based on “diverted” flow/capacity.

Questions

Correction for Broward Capacity Correction for Diverted Capacity Large Users Original Allocation of 50 MGD Plant Capacity Correction for Broward County Capacity Corrected Capacity Corrected Allocation of 50 MGD Plant Capacity Adjustment for Diverted Capacity from Miramar Adjusted Allocation of 50 MGD Plant Capacity Broward County City of Dania City of Hallandale City of Miramar Town of Pembroke Park City of Pembroke Pines City of Hollywood (1.100) Total

Large Users Diverted Capacity – 2009 Large User True Up Report Diverted Capacity – 2010 Large User True Up ReportDifference Broward County City of Dania City of Hallandale City of Miramar Town of Pembroke Park City of Pembroke Pines City of Hollywood Total