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EXHIBIT S <br />RECENT USE OF RESERVE FUND: <br />Total cost incurred by the City of Paris for December 2000 Ice Storm (approximate): <br />$1,700,000. <br />2. Amount of reimbursement to the City (approximate): $1,500,000. <br />Approximate shortfall following reimbursement following reimbursement: $200,000. <br />4. Reimbursement has been based on a 100% reimbursement less disallowed cost. Typical <br />reimbursement from FEMA for this kind of event would have been 75 % reimbursement <br />by FEMA, or a reimbursement of $1,275,000, again less ineligible and disallowed cost of <br />$200,000, or $1,075,000. Under ordinary circumstances, the City would have <br />experienced a $625,000 shortfall for this kind of event. <br />