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required to be made into the Reserve Account as long as there shall remain on deposit therein including any Reserve Account Credit Instrument a sum equal to the Reserve Account Requirement. The value of the Reserve Account, including investments on deposit in the Reserve Account, shall be determined annually on the fust day of the Furcal Year by an independent firm of certified public accountants, who may be the accountants for the County, in accordance with generally accepted accounting principles. Furthermore, the County may at any time and from time to time cause to be deposited in the Reserve Account such Reserve Account Credit Instrument and cause an appropriate amount to be withdrawn from the Reserve Account and released to the County. (5) Fath, moneys in the Revenue Fund shall be applied to the payment of current debt service and reserve requirements of any obligations of the County which have a lien on the Pledged Funds junior and subordinate to the lien of the Bonds. (6) Sixth, moneys remaining in the Revenue Fund after the above required payments have been made may be deposited into a special fund to be known as the "Sewer and Water Renewal and Replacement Fund," which shall be used only for the purpose of paying the costs of extensions, enlargements, or additions to or the replacement of capital assets of the System, and for emergency repairs thereto. (7) Seventh, the balance of any moneys remaining may be used by the County for any lawful purpose. No further deposits to the Sinking Fund, the Bond Amorlization Account or the Reserve Account shall be required when the aggregate sums deposited therein are and remain at least equal to the sum of all of the principal and interest then due and thereafter and becoming due in all ensuing years for the Bonds then outstanding. Additional Parity Bonds Additional Parity Bonds, payable on a parity with the Series 1993 Bonds ("Additional Parity Bonds"), may be issued from time to time to finance any portion of the costs of the construction and/or acquisition of additions, extensions and improvements to the System, or of any physically separate water or sewer system declared by resolution of the Board of County Commissioners to be part of the System, or for refunding purposes. Before issuing any Additional Parity Bonds, there shall have been obtained and filed with the County a certificate of an independent firm of certified public accountants of suitable experience and responsibility (i) stating that the books and records of the County relating to the collection and receipt of the Revenues and the Operating Expenses have been audited by them for the Fiscal Year immediately preceding the date of We of the proposed obligations or for any twelve (12) consecutive month period out of the eighteen (18) consecutive months immediately preceding the date of sale of the proposed obligations; (ii) setting forth the Revenues, the Uniform Charges, The Operating Expenses and the Net Revenues for the audited period referred to in (i) above, with respect to which such certificate is made; and (iii) stating that: (a) during such audited period, the County was in compliance with the rate covenant previously discussed; and (b) the Net Revenues, as adjusted as hereinafter provided, were equal to at least 1.20 tunes the largest amount of principal and interest which will mature and become due 12