June Income Report. Soquel Creek Water District June Income & Investment Report Cash Receipts Report. Cash receipts = $2,565,942

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1 June Income Report *All budget comparisons reference the Revised Budget adopted by the Board on January 20, 2015 Cash receipts = $2,565,942 Annual budget for Water Capacity fees is $291,000. Water capacity fees collected fiscal year to date is $203,759 or 70.02% of the annual budget. Water Demand Offset (WDO) Credits collected fiscal year to date is $408,380. No WDO revenue was budgeted for Cash Receipts Report Month of June 2015 Fiscal Year to Date Total Cash Receipts $2,565,942 $20,649,422 Operating Receipts Water Billings $1,138,895 $13,398,071 WDO Credits $408,380 Water Capacity Fees $11,200 $203,759 Other Operating Receipts $6,025 $587,283 Non Operating Receipts Rent from District Property $200 Refunds $357 $25,186 Grant Reimbursements $182,533 COP Project Fund Reimbursements $1,409,465 $5,844,010 Sale of Surplus Property $0 Water consumption billings = $843,839 June water consumption billings are 5.29% over budget Single Family Residential water consumption billings are $503,756, 5.19% over budget for June, 3.86% over budget fiscal year to date Multi Family Residential water consumption billings are $148,789, 10.15% over budget for June, 6.62% over budget fiscal year to date Non Domestic water consumption billings are $190,897, 1.81% over budget for June, 1.38% over budget fiscal year to date Total water consumption billings fiscal year to date are 4.14% over budget $21,664

2 June Consumption Report June Water Consumption = 120,934 units 1.92% over budget 1.92% increase from the prior year Water Consumption Fiscal Year to Date = 1,318,489 units 2.87% over budget 20.93% decrease from the prior year June Top Tier Water Consumption = 1,747 units MFR = 148 units, a 63.28% decrease from prior year SFR consumption = 2,125 units, a decrease of 28.48% from prior year Top tier customers = 281, a decrease of 33.73% from the prior year Service Connections Regular Services 14,421 14,379 Fire Services 1,399 1,372 Total Services as of 5/ ,820 15,751

3 June Operating Fund Report Water Revenue M & O Payroll Water Capacity Beginning Balance $ 341,178 $ 9,233 $ 2,239 $ 187,234 Cash Receipts 2,565,942 M & O Account Transfers (868,400) 868,400 Payroll Account Transfers (207,100) 207,100 Water Capacity Account Transfers 174,800 (174,800) Wells Fargo Transfers LAIF Transfers (550,000) Warrants Processed (1,163,881) (207,312) Void Checks 50 Other (4,460) June Ending Balance $ 1,451,960 $ (286,198) $ 2,028 $ 12,434 Projected Statement of Cash Flows Six Months Ended 12/31/2015 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Total Est. Beginning Cash Balance $25,297,800 $22,630,600 $19,992,100 $15,966,600 $13,132,900 $10,215,600 $25,297,800 Projected Source From: Water Sales $1,160,400 $1,189,100 $1,129,000 $993,800 $910,200 $713,700 $6,096,200 Service Charges 408, , , , , ,000 2,448,000 Water Capacity & Installation Fees 21,300 21,300 21,300 21,300 21,300 21, ,800 Interest on investments 2,900 2,900 2,900 2,900 2,900 2,900 17,400 Miscellaneous ,400 Estimated Total Cash Receipts $1,593,000 $1,621,700 $1,561,600 $1,426,400 $1,342,800 $1,146,300 $8,691,800 Projected Use For: Payments for salaries & benefits $523,100 $523,100 $784,700 $523,100 $523,100 $523,100 $3,400,200 Purchase of services & supplies 352, , , , , ,100 2,112,600 Capital Outlay 163, , , , , , ,400 Payments to contractors for construction 3,157,400 3,157,400 3,157,300 3,157,300 3,157,300 3,157,300 18,944,000 Interest payments 762, ,500 Repayment of debt 302, ,900 Escalated Paydown of Unfunded Pension Liability 63,700 63,700 63,700 63,700 63,700 63, ,200 Estimated Total Cash Disbursements $4,260,200 $4,260,200 $5,587,100 $4,260,100 $4,260,100 $4,260,100 $26,887,800 Excess/(Deficit) ($2,667,200) ($2,638,500) ($4,025,500) ($2,833,700) ($2,917,300) ($3,113,800) ($18,196,000) Ending Cash Balance $22,630,600 $19,992,100 $15,966,600 $13,132,900 $10,215,600 $7,101,800 $7,101,800 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 15, The cash flow projections provide sufficient liquidity to meet estimated future expenditures for a period of six months. Approved by

4 June Investment Fund Report The Weighted Average Yield on the District s investments is 0.32%, an increase of 1 basis point from the prior month The interest rate on Federal Funds is 0.13% The interest rate on 6 month Treasury Bills is 0.09% Total monthly interest received on Investments is $2,956 Current Yield Market Balance % of Total Portfolio Weighted Yield Surplus Revenue Fund LAIF 0.30% $10,476, % 0.10% LAIF BNY (2011 COP Project Fund) 0.30% % 0.00% LAIF BNY (2013 COP Project Fund) 0.30% 13,481, % 0.13% Bank of New York (COP Project Fund) 0.00% 1, % 0.00% Wells Fargo Surplus Revenue 0.03% 171, % 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% Subtotal $26,121, /14 Debt Service Fund BNY Debt Service 0.00% $0 0.00% 0.00% First Republic Bank 0.00% 329, % 0.00% Subtotal $329, Debt Reserve Fund BNY BNY Treasury Bills 0.00% $1,441, % 0.00% LAIF Restricted Water Capacity 0.30% $1,969, % 0.02% Total $29,861, % 0.32%

5 Schedule of Operating Contingency Fund Requests Fiscal Year Ending June 30, 2015 Date Item # Description Request Amount Total Expenditures Target OCR $2,900,000 August 12, Main Street Well Rehabilitation Project $5,000 $5,000 $2,895,000 October 7, Main Street Water Treatment Plant Interior Recoat and Media Replacement $288,000 $293,000 $2,607,000 October 21, Glenwood Property Survey and Erosion Control Restoration $23,000 $316,000 $2,584,000 November 4, Madeline Well II Physical Rehabilitation and Pumping Equipment Replacement $24,000 $340,000 $2,560,000 April 7, Hydrologic Consultant in Support of Rain and Stream Gauges $20,300 $360,300 $2,539,700 May 19, Environmental Assessment of Headquarters Expansion for Purchase of APN $17,500 $377,800 $2,522,200 June 2, Costs Related to General Manager Severance Package $13,200 $391,000 $2,509,000 June 16, Patch Paving Services in Excess of Budgeted Amount $32,000 $423,000 $2,477,000