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Importance: High Tom/Wayne, | am sending this on Eric’s behalf as he is currently driving to Flint. This is the most current information we have available. If anything further is needed please let us know. Robert Widigan Local Government Financial Services Division Michigan Department of Treasury Office (517) 373-3227 Cell (517) 243-8645 xxxEND_PAGE:treasury01_b35_5648_6098_311 STATUS OF FLINT WATER: October 14, 2015 Flint Receivership Transition Advisory Board meeting today to consider budget amendments to pay for temporary reconnection to the Detroit water system Treasury staff from Bureau of Local Government will be meeting with City officials to review overall budget and cash conditions o Fund Balance in the General Fund is currently projected at $4M by June 30, 2016. This is a projected increase of $1M from FY 2014-2015 © Fund Balance in the Water Fund is currently projected at $6M, which is a decline of $8M due to non-payment of water bills Negotiations between the City of Flint, Genesee County and DWSD remain in progress to finalize the necessary agreements for the City to temporarily reconnect to the Detroit water system o Preparation of the pipeline to receive water from DWSD is underway. The City believes that a physical connection can be established this week o The City has requested clarification if it should begin receiving water from DWSD before the State Legislature takes action on the request $6M aid package Both the Kincaid and Shears lawsuits remain in litigation. Potential losses of $30M are possible. The City’s request to Treasury for financial assistance for outside legal consul is still pending xxxEND_PAGE:treasury01_b35_5648_6098_312 Pleyte, Beth (Ti reasury)