EXHIBIT 3-C
Monterey Peninsula Water Management District
Fourth Quarter Report on Financial Activity
Fiscal Year 2004-05
	Year-to-Date	Year-to-Date		Percent of
	Revenues	Budget	Variance	Budget
Permit Fees	$256,593	$105,000	($151,593)	244.37%
Connection Charges	$576,356	$375,000	($201,356)	153.69%
Interest	$57,704	$55,000	($2,704)	104.92%
User Fees	$1,842,612	$2,100,000	$257,388	87.74%
Property Taxes	$892,909	$1,090,000	$197,091	81.92%
Grants	$0	$50,000	$50,000	0.00%
Project Reimbursements	$214,365	$299,000	$84,635	71.69%
Other	$74,903	$35,000	($39,903)	214.01%
Total Revenues	$3,915,442	$4,109,000	$193,558	95.29%
	Year-to-Date	Year-to-Date		Percent of
	Expenditures	Budget	Variance	Budget
Personnel	$2,531,220	$2,585,200	$53,980	97.91%
Supplies & Services	$1,046,126	$855,500	($190,626)	122.28%
Fixed Assets	$74,270	$104,200	$29,930	71.28%
Project Expenditures	$576,520	$1,172,300	$595,780	49.18%
Contingencies/Reserves	$19,680	$321,800	$302,120	6.12%
Total Expenditures	$4,247,816	$5,039,000	$791,184	84.30%
				4thqtrfinancial
				9/28/2005