The purpose of the Revenue Bond Ovesight Committee (RBOC) is to monitor the expenditure of bond proceeds related to the repair, replacement, upgrading and expansion of the City’s water collection, power generation, water distribution and wastewater treatment facilities. The goal of the RBOC is to make certain public dollars are spent according to authorization and applicable laws. Its purpose is to facilitate transparency and accountability in connection with the spending of revenue bond proceeds. This third annual report reviews the 2006 activities of the RBOC.