1. SMRSA’s Reaction to Super Storm Sandy Association of Environmental Authorities Wednesday, January 16, 2013

2. SMRSA’s Reaction to Super Storm Sandy

3. SMRSA’s reaction to Super Storm Sandy

5. From an administrative/ financial perspective, the SMRSA was faced with two important challenges

6. SMRSA’s reaction to Super Storm Sandy How to respond to a 7.5MM exposure on a 6MM budget How to respond to a 7.5MM exposure on a 6MM budget Lake Como1.5MM Pitney Avenue1.5MM Belmar1.5MM Penn Ave.1.5MM Protective Measures and Initial Response Thru 12/13/121.5MM

7. SMRSA’s reaction to Super Storm Sandy The Authority has already committed to Lake Como, Penn Ave. and the Protective Measures/ Initial Response Expenses The Authority has already committed to Lake Como, Penn Ave. and the Protective Measures/ Initial Response Expenses So the question that begs to be answered is: How does the SMRSA pay for these much needed projects without bankrupting the Authority ? How does the SMRSA pay for these much needed projects without bankrupting the Authority ?

8. SMRSA’s reaction to Super Storm Sandy SMRSA Asset Management Program SMRSA Asset Management Program –Reserve Funds have been used Capital Improvement Program Capital Improvement Program –Reserve Funds have been used Rate Stabilization Funds Rate Stabilization Funds –Funds have been used ‘Green Energy’ Program ‘Green Energy’ Program –Funds have been used

10. SMRSA’s reaction to Super Storm Sandy Funding Alternatives include: Funding Alternatives include: FEMA Re-Imbursement of CAT A & B Expenses FEMA Mitigation New Jersey Infrastructure Trust Monmouth County Improvement Authority Authority Project Notes Stand Alone Bond Issue

11. SMRSA’s reaction to Super Storm Sandy It is important to engage Commissioners, engaged professionals, and relevant management team members in forming an opinion and assist in the decision making process It is important to engage Commissioners, engaged professionals, and relevant management team members in forming an opinion and assist in the decision making process After weighing all the facts and responses, it is important to make a prudent and informed decision in a timely manner After weighing all the facts and responses, it is important to make a prudent and informed decision in a timely manner After deciding the best course of action, it is important to implement the game plan After deciding the best course of action, it is important to implement the game plan

12. SMRSA’s reaction to Super Storm Sandy In addition to everything else that was mentioned, be mindful and sensitive to the rate payers and end users we serve In addition to everything else that was mentioned, be mindful and sensitive to the rate payers and end users we serve

14. SMRSA’s reaction to Super Storm Sandy How to house and feed Authority staff three meals a day in a portion of the state where there were no open food stores and electricity was scarce for days ? How to house and feed Authority staff three meals a day in a portion of the state where there were no open food stores and electricity was scarce for days ?