Resolutions-2015-119

I further certify that the projected annual earnings and annual operating expenses in connection with the operation of the Utility for the Fiscal Year ending June 30, 2016 are as follows: <table> <tr> <th>Fiscal Year Ending</th> <th>Gross Revenues</th> <th>Operation and Maintenance Expenses (do not include Bond Debt Service and Capital Expense Items)</th> <th>Net Revenues from Operation Before Payment of Capital Expenditures and Bond Debt Service</th> </tr> <tr> <td>2016</td> <td>$375,250.00</td> <td>$537,357.00</td> <td>-$162,107.00</td> </tr> </table> I do further certify that attached hereto is a true, correct and complete copy of the present rate ordinance for the Utility. (Attach here a copy of the current rate ordinance). WITNESS MY HAND this 11 day of November, 2015. City Clerk