May Income Report. Soquel Creek Water District May Income & Investment Report Cash Receipts Report. Cash receipts = $1,082,897

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1 May Income Report Cash receipts = $1,082,897 Annual budget for WDO credits is $50,000. WDO credits fiscal year to date exceed the annual budget by $211,872 or % Annual budget for Water Capacity fees is $100,000. Water capacity fees fiscal year to date exceed the annual budget by $20,482 or 20.48% Water consumption billings = $628,686 Cash Receipts Report Month of May 2014 Fiscal Year to Date Total Cash Receipts $1,082,897 $17,771,708 Operating Receipts Water Billings $993,431 $13,541,916 WDO Credits $0 $261,872 Water Capacity Fees $11,200 $120,482 Other Operating Receipts $78,187 $382,394 Non Operating Receipts Rent from District Property $0 $8,801 Refunds $78 $18,361 Grant Reimbursements $0 $0 COP Project Fund Reimbursements $0 $3,437,882 Sale of Surplus Property $0 $0 May water consumption billings are 8.08% under budget Single Family Residential water consumption billings are $389,747, 3.80% over budget for May, 13.69% over budget year to date Multi Family Residential water consumption billings are $114,725, 24.04% under budget for May, 0.33% over budget year to date Non Domestic water consumption billings are $125,026, 20.58% under budget for May, 12.16% over budget year to date Water consumption billings fiscal year to date are 11.11% over budget

2 May Consumption Report May Water Consumption = 101,311 units 3.05% under budget 29.51% decrease from the prior year Water Consumption Fiscal Year to Date = 1,548,761 units 14.13% over budget 1.88% increase from the prior year Top Tier Water Consumption = 1,373 units MFR = 91 units, no prior year comparison SFR consumption = 1,282 units, a decrease of 22.26% from prior year SFR top tier customers = 149, an increase of 16.41% from the prior year Service Connections Regular Services 14,365 14,264 Fire Services 1,375 1,364 Total Services as of 5/ ,740 15,628

3 May Operating Fund Report Water Revenue M & O Payroll Water Capacity Beginning Balance $ 758,949 $ 5,335 $ 2,135 $ 2,500 Cash Receipts 1,082,897 M & O Account Transfers (761,800) 761,800 Payroll Account Transfers (189,750) 189,750 Water Capacity Account Transfers (11,200) 11,200 US Bank Transfers 2,005,185 LAIF Transfers Warrants Processed (1,040,528) (189,719) Void Checks 19,959 Other (8,111) May Ending Balance $ 2,876,171 $ (253,434) $ 2,166 $ 13,700 Projected Statement of Cash Flows Six Months Ended 11/30/2014 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Total Est. Beginning Cash Balance $ 31,974,100 $27,764,900 $23,761,400 $18,579,800 $14,576,000 $10,140,600 $ 31,974,100 Projected Source From: Water Sales $756,900 $962,500 $854,900 $962,200 $748,700 $847,400 $5,132,600 Service Charges 349, , , , , ,000 2,094,000 Water Capacity & Installation Fees 16,700 16,700 16,700 16,700 16,700 16, ,200 Rental income 1,600 1,600 1,600 1,600 1,600 1,600 9,600 Interest on investments 2,900 2,900 2,900 2,900 2,900 2,900 17,400 Miscellaneous ,400 Estimated Total Cash Receipts $1,127,500 $1,333,100 $1,225,500 $1,332,800 $1,119,300 $1,218,000 $7,356,200 Projected Use For: Payments for salaries & benefits $436,100 $436,100 $436,100 $436,100 $654,200 $436,100 $2,834,700 Purchase of services & supplies 318, , , , , ,300 1,909,800 Capital Outlay 62,300 62,300 62,300 62,300 62,300 62, ,800 Payments to contractors for construction 4,519,500 4,519,400 4,519,400 4,519,400 4,519,400 4,519,400 27,116,500 Interest payments 771, ,500 Repayment of debt 299, ,000 Other ,000 Estimated Total Cash Disbursements $5,336,700 $5,336,600 $6,407,100 $5,336,600 $5,554,700 $5,336,600 $33,308,300 Excess/(Deficit) ($4,209,200) ($4,003,500) ($5,181,600) ($4,003,800) ($4,435,400) ($4,118,600) ($25,952,100) Ending Cash Balance $27,764,900 $23,761,400 $18,579,800 $14,576,000 $10,140,600 $6,022,000 $6,022,000 It has been verified that this Income & Investment Status Report is in conformity with Soquel Creek Water District's Investment Policy which was approved by the Board of Directors on July 9, The cash flow projections provide sufficient liquidity to meet estimated future expenditures for a period of six months. Approved by

4 May Investment Fund Report The Weighted Average Yield on the District s investments is 0.25%, a decrease of 2 basis points from the prior month The interest rate on Federal Funds is 0.09% The interest rate on 6 month Treasury Bills is 0.05% The US Bank Bond was called, yielding $5,022 in interest. Total monthly interest received on Investments is $17,732 May market gain on the US Bank bond is $2,118. Gain fiscal year to date is $13,012. Current Yield Market Balance % of Total Portfolio Weighted Yield Surplus Revenue Fund LAIF 0.23% $9,083, % 0.06% LAIF BNY (2011 COP Project Fund) 0.23% 2,634, % 0.02% LAIF BNY (2013 COP Project Fund) 0.23% 17,726, % 0.12% Bank of New York (COP Project Fund) 0.00% 17, % 0.00% Wells Fargo Surplus Revenue 0.03% 256, % 0.00% US Bank Certificates of Deposit 0.75% 1,245, % 0.03% US Bank Certificates of Deposit 0.95% 248, % 0.01% US Bank Certificates of Deposit 1.00% 249, % 0.01% US Bank Certificates of Deposit 1.05% 248, % 0.01% US Bank Short Term Bonds 5/27/ % % 0.00% Subtotal $31,707, /14 Debt Service Fund BNY Debt Service 0.00% $0 0.00% 0.00% First Republic Bank 0.00% 15, % 0.00% Subtotal $15, Debt Reserve Fund BNY BNY Treasury Bills 0.00% $1,461, % 0.00% LAIF Restricted Water Capacity 0.23% $1,638, % 0.01% Total $34,822, % 0.25%

5 Schedule of Operating Contingency Fund Requests Fiscal Year Ending June 30, 2014 Date Item # Description Request Amount Total Expenditures Target OCR $2,300,000 August 13, Approve Scope of Work for Hydrometrics, WRI Peer Review $5,840 $5,840 $2,294,160 September 19, Approve Purchase of Trailer Mounted Air Compressor $2,500 $8,340 $2,291,660 October 1, Approve Trout Gulch Emergency MR Asphalt Repair $21,800 $30,140 $2,269,860 November 19, Approve Scope of Work for Hydrometrics, 2013 Annual Report $20,000 $50,140 $2,249,860 November 19, Approve Scope of Work for Hydrometrics, Quarterly Monitoring Data $6,450 $56,590 $2,243,410 November 19, Approve Funds for the GM to Attend Utility Management Conference $2,000 $58,590 $2,241,410 November 19, Approve Upgrades to the Conservation Portable Office $5,800 $64,390 $2,235,610 November 19, Approve Funds to Replace Siding on the Rosedale Rental Property $16,000 $80,390 $2,219,610 November 19, Approve Replacement of Sodium Hypochlorite Bulk Storage Tank $26,600 $106,990 $2,193,010 December 17, Approve Rental Agreement for Hexavalent Chromium Treatment System $45,000 $151,990 $2,148,010 January 7, Approve a CCSF I Temporary 6 Month Position $21,396 $173,386 $2,126,614 January 7, Approve Raw Water Main between Bonita & San Andreas Well $488,000 $661,386 $1,638,614 January 21, Approve Main Street Well Chemical Rehab and Pumping Equip Replacement $23,000 $684,386 $1,615,614 January 21, Approve Peer Review of Hydrologic Studies $25,950 $710,336 $1,589,664 January 21, Approve Funding for Turf Replacement Program $40,000 $750,336 $1,549,664 February 18, Approve Funds for the Video Surveillance System at Pringle Tank $7,400 $757,736 $1,542,264 February 18, Approve Purchase of Property for the Granite Way Well Site $80,000 $837,736 $1,462,264 February 18, Approve Funds for Private Well Stakeholder Group $20,000 $857,736 $1,442,264 February 18, Approve Consultant Contract with Dr. Sue Holt $5,000 $862,736 $1,437,264 February 18, Approve Consulting Services for Developing Phase I Mandatory Rationing $30,000 $892,736 $1,407,264 March 4, Approve Office Expenses for New Human Resources Manager $9,000 $901,736 $1,398,264 March 4, Approve Main Street Well Pumping Equipment Replacement $85,000 $986,736 $1,313,264 March 18, Approve Funds for Asbestos Survey and Demolition Permit for Rosedale House $9,500 $996,236 $1,303,764 March 18, Approve Avery Associates Labor Negotiation Services $5,000 $1,001,236 $1,298,764 March 18, Approve Funding for Technical Services for Hexavalent Chromium Treatment $94,180 $1,095,416 $1,204,584 March 18, Approve Funding for Environmental Services for Hexavalent Chromium Treatment $75,886 $1,171,302 $1,128,698 March 18, Approve MIG to Develop an Outreach Plan for Water Use Reduction Program $25,000 $1,196,302 $1,103,698 March 18, Approve MIG to Construct a Focus Group for Water Use Reduction Program $18,000 $1,214,302 $1,085,698 April 15, Approve Add'l Funding for the Turf Replacement Program $60,000 $1,274,302 $1,025,698 May 20, Approve Add'l Funding for the Raw Water Main at Bonita & San Andreas Wells $15,000 $1,289,302 $1,010,698 May 20, Approve Add'l Funding for Consultants for the Water Use Reduction Program $15,000 $1,304,302 $995,698 May 20, Approve Kennedy/Jenks to Prepare Application for Recycled Water Planning Grant $11,000 $1,315,302 $984,698