EXHIBIT 4-C
Monterey Peninsula Water Management District
First Quarter Report on Financial Activity
Fiscal Year 2007-08
	Year-to-Date	Year-to-Date		Percent of
	Revenues	Budget	Variance	Budget
Permit Fees	$68,441	$75,000	$6,559	91.25%
Connection Charges	$181,304	$137,500	($43,804)	131.86%
Interest	$2,280	$18,750	$16,470	12.16%
User Fees	$576,327	$712,500	$136,173	80.89%
Property Taxes	$0	$344,250	$344,250	0.00%
Grants	$0	$36,250	$36,250	0.00%
Reimbursements	$16,452	$383,925	$367,473	4.29%
Other	$8,536	$5,500	($3,036)	155.20%
Total Revenues	$853,340	$1,713,675	$860,335	49.80%
	Year-to-Date	Year-to-Date		Percent of
	Expenditures	Budget	Variance	Budget
Personnel	$746,643	$730,800	($15,843)	102.17%
Supplies & Services	$134,848	$223,800	$88,952	60.25%
Fixed Assets	$20,305	$65,700	$45,395	30.91%
Project Expenditures	$93,320	$1,031,275	$937,955	9.05%
Debt Service	$0	$21,250	$21,250	0.00%
Contingencies/Reserves	$5,000	$57,800	$52,800	8.65%
Total Expenditures	$1,000,116	$2,130,625	$1,130,509	46.94%
				1stqtrfinancial
				1/7/2008