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Metropolitan Wastewater Management Commission Reserves --
<br />
<br />
<br />REIMBURSEMENT SDC RESERVE ADOPTED
<br />BUDGET
<br />FY 06-07 AMENDED
<br />BUDGET
<br />FY 06-07 ADOPTED
<br />BUDGET
<br />FY 07-08
<br />Beginning Balance 4,753,885 4,839,349 5,039,799
<br />Reimbursement SDCs Collected 165,000 165,000 155,000
<br />Interest 117,900 117,900 220,000
<br />Xfr to Debt Service (Fund 312) 0 0 (1,234,029)
<br />Materials & Services 0 0 (1,500)
<br />SDC Contingency Reserve (1,163,000) (1,163,000) (1,240,000)
<br />Funding For Capital (3,775,000) (3,796,321) 0
<br />Reserve 98,785 162,928 2,939,270
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<br />
<br />IMPROVEMENT SDC RESERVE ADOPTED
<br />BUDGET
<br />FY 06-07 AMENDED
<br />BUDGET
<br />FY 06-07 ADOPTED
<br />BUDGET
<br />FY 07-08
<br />Beginning Balance 3,137,472 4,254,158 5,777,958
<br />Improvement SDCs Collected 1,703,800 1,703,800 1,615,000
<br />Interest 97,200 97,200 221,000
<br />Materials & Services 0 0 (4,500)
<br />Xfr to Debt Service (Fund 312) 0 0 (1,234,030)
<br />SDC Contingency Litigation Reserve (1,748,206) (1,748,206) (2,555,000)
<br />Funding For Capital (2,120,000) (2,869,899) 0
<br />Reserve 1,070,266 1,437,053 3,820,428
<br />CAPITAL RESERVE
<br />The Capital Reserve accumulates funds transferred from the Operating Reserve for the purpose
<br />of funding the CIP, Major Capital Outlay and Major Rehabilitation Program costs. The intent is
<br />to collect sufficient funds over time to construct a portion of planned capital projects with cash in
<br />an appropriate balance with projects that are funded with debt financing. The FY 07-08 Budget
<br />includes a contribution from the Operating Reserve of $4,000,000. The beginning balance on
<br />July 1, 2007 is projected to be $47,788,486. Additional budget detail on the CIP; Major Capital
<br />Outlay and Major Rehabilitation Program reserves is provided on the following page.
<br />Page 22 FY 07-08 BUDGET AND CIP
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