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9 <br /> (i) any increase or decrease in Net Revenue that would result <br /> if any change in rates and charges adopted by the Council prior to the date of such certificate and <br /> subsequent to the beginning of such twelve-month period, had been in force during the full <br /> twelve-month period; <br /> (ii) any increase or decrease in Net Revenue estimated by such <br /> engineer or accountant to result from any additions, betterments and improvements to and <br /> extensions of any facilities of the System that (x)became fully operational during such twelve- <br /> month period, (y)were under construction at the time of such certificate, or (z) will be <br /> constructed from the proceeds of the Parity Bonds to be issued; <br /> (iii) the additional Net Revenue that would have been received <br /> if any customers added to the System during such twelve-month period had been customers for <br /> the entire period. <br /> Such engineer or accountant shall base his certification upon, and his certificate <br /> shall have attached thereto, financial statements of the System audited by the State Examiner <br /> (unless such an audit is not available for a twelve-month period within the preceding twenty-four <br /> months) and certified by the Chief Financial Officer, showing income and expenses for the <br /> period upon which the same is based. <br /> The certificate of such engineer or accountant shall be conclusive and the only <br /> evidence required to show compliance with the provisions and requirements of this <br /> subsection (1)(E). <br /> Notwithstanding the foregoing requirement, if Future Parity Bonds are to be <br /> issued for the purpose of refunding at or prior to their maturity any part or all of the then <br /> outstanding Parity Bonds and the issuance of such refunding Parity Bonds results in a debt <br /> -49- P:\20287 CM\M20287 880 03125109 <br />