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Comprehensive Annual Financial Report - 2006-2007CITYOF CLERMONT,FLORIDA Comprehensive Annual Financial Report Fiscal Year Ended September 30, 2007 Currently under construction,the East Water Reclamation FacilityExpansonprojectincludesconstructionofprocessestoupgradethetreatmentcapacityfromtwomilliongallonsperdaytofourmillongallonsperday.Other improvements in the project includetheadditionofreclaimedwaterstorageanddistributionpipingtodeliverreclaimedwatertoexistingcustomers.This project,whichbeganin2007,is anticipated to cost $19.9 million and is projectedtobecompletedbyFebruary2009.It is the largest capital projectundertakenbytheCitytodate. City of Clermont,Florida COMPREHENSIVE ANNUAL FINANCIAL REPORT For The Year Ended September 30,2007 Prepared by:Administrative Services Department MANAGEMENT’S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS NOTES TO FINANCIAL STATEMENTS COMBINING AND INDIVIDUAL FUNDSTATEMENTSANDSCHEDULES CAPITAL ASSETS USED IN THEOPERATIONOFGOVERNMENTALFUNDS