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City cannot account for one quarter of its water supply

"Of the 2.1 billion gallons of water that flowed through city water mains in fiscal year 2007-2008, 26 percent went unbilled - or unaccounted - for," according to an analysis of utility records by The News Herald (Panama City, Fla.).  Based on the retail rate of water in Panama City, the lost revenue from the unbilled water could be as much as $1.3 million.

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