1. FY11 Budget Presentation 1 May 2010

2. 2 SWEETWATER SPRINGS WATER DISTRICT Review of the FY10 (Current Year) Budget No Big Surprises (Well, Filter Rehabilitations) Grant from RDA/RRROC in Mid Year for CIP IV-B CIP IV-A Carryover Projected Revenues and Operations Expenses Similar to Budgeted Reserve Policy Formalized

3. 3 SWEETWATER SPRINGS WATER DISTRICT Budget Process Staff Develops Preliminary Budget Review with ad hoc Finance Committee Draft Budget Introduced at March Meeting Draft Budget Placed on Website Financial Analyses/Scenarios Presented at April Meeting Final Budget Presentation and Approval at May Meeting

4. 4 SWEETWATER SPRINGS WATER DISTRICT Highlights of the FY11 Budget Following the Format of the FY10 Budget Small Changes in Format Reserve Policy Reserves, Fund and Loan Balances Identified and Conformed to Reserve Policy No Change in Water Rates, Charges and Assessments Water Sales Expected to Decrease Less Interest Small Increase in Salaries and Benefits Services and Supplies Scrutinized to Reflect Actual Costs and Cost Savings Capital Improvement Program at $1.5 Million – Uses Engineer’s Estimate

5. 5 SWEETWATER SPRINGS WATER DISTRICT

6. 6 Table 2. District Fund and Loan Balances FY 08-09 Actual FY 09-10 BUDGET FY 09-10 REVISED BUDGET FY 10-11 BUDGET Difference FY11-FY10 CIRF 1,606,1291,192,604 1,854,242 2,364,572 510,330 OPERATING RESERVE 225,000 396,970 171,970 OPERATIONS 770,352603,609 788,541 200,000 (588,541) CD 573,223 601,597 601,884 631,978 30,094 IN HOUSE CONSTRUCTION 121,757107,929 106,757 91,757 (15,000) BUILDING 75,85060,850 75,850 - Private Placement Loan 1,867,255940,399 1,205,560 765,560 (440,000)

7. 7 SWEETWATER SPRINGS WATER DISTRICT

8. 8

9. 9 Multi-Year Outlook

10. 10 SWEETWATER SPRINGS WATER DISTRICT Summary FY11 Budget Uses FY10 Structure Decreased Revenue; No Water Rate Changes, Less Sales Operating Expenses Stable CIP IV-B, Project 2, RDA/RRROC Grant Reserve Policy - Reserves Above District Policy at $2.7 Million Long-Term Picture Shows Approved CIP Completion