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«Our Mission Statement The Mahoning Valley Sanitary District and its employees are committed to preserving the public health and the natural ...»

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The District was approved for a $3,051,452 Ohio Water Development Authority loan for the SCADA/Enhanced Security Improvements project. As of June 30, 2014, the District has drawn down proceeds of $1,044,639. Total current year additions of $1,055,486 consisted of proceeds of $1,044,639 and capitalized interest of $10,847. This loan has not been finalized and therefore the repayment schedule is not included in the schedule of debt service payments.

An analysis of the EPA/OWDA loan balances is as follows:

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As a result of the use of the modified cash basis of accounting in this report, obligations related to accrued compensated absences are not reported as liabilities in the financial statements. Expenses related to compensated absences are recorded when paid.

Note 9 – Subsequent Event On October 29, 2014, the District passed Resolution No. 6128, earmarking certain District cash balances for

capital improvement projects as follows:

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This part of the Mahoning Valley Sanitary District's annual financial report presents detailed information as the context for understanding what the information in the financial statements and note disclosures says about the District's overall financial health.

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Source: District Financial Records

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Source: District Financial Records

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2014 $0 $17,120,000 $34,028,544 2013 0 20,934,433 31,167,469 2012 0 24,693,866 24,297,714 2011 0 26,473,300 13,127,993 2010 9,965,000 18,480,000 11,665,403 2009 11,150,000 20,025,000 11,280,522 2008 12,285,000 21,475,000 10,853,574 2007 13,355,000 22,845,000 9,703,188 2006 14,415,000 24,145,000 7,751,300 2005 15,415,000 25,380,000 2,255,084 Source: District Financial Records

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