New Search
WW SDC Regional Summary <br /> Vendor Springfield MWMC <br /> Reporting period March-09 <br /> Report date 4/20/2009 <br /> LGIP xfr request date <br /> LGIP transfer processed by PWAddc <br /> Improvement Component <br /> Cash/Check/Credit Cards receipts $ 10,068.16 <br /> Contract (principle) payments $ 1,010.98 <br /> Improvement Total $ 11,079.14 <br /> Collected- 8 Int Sub reivable contracts ~ $ 40.60 <br /> MWMC Int on SDC receivable contracts $ 12.89 <br /> Subtotal Improvement Component $11,092.03 <br /> additional corrections $ - <br /> Total Improvement Component $11,092.03 <br /> Reimbursement Component <br /> Cash/Check/Credit Cards receipts $ 976.34 <br /> Contract (principle) payments $ 9,779.10 <br /> Reimbursement Total $ 10,755.44 <br /> City Collected-1q IrSDC recc $ 39 <br /> MWMC Int on SDC receivable contracts $ 124.79 <br /> Subtotal Reimbursement Component $10,880.23 <br /> additional corrections $ - <br /> Total Improvement Component $10,880.23 <br /> Total Payment $ 21,972.26 <br /> City portfolio earnings rate: 2.54% per T. Miller, CoE Finance <br /> Interest charged on SDC financed contracts is 8%, which includes a "bump" over the <br /> city investment earnings rate. The bump is intended to help fund the cost of <br /> processing and servicing the financed accounts. Since FY96, the entire amount of <br /> interest has been credited in error to city SDC system funds and MWMC SDC's. The <br /> City of Eugene is correcting this error starting with the February 2009 monthly pass <br /> <br /> through. From this point on, the City will pass through only the city investment <br /> <br /> earnings rate. <br /> <br />