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Metropolitan Wastewater Management Commission Reserves
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<br />ADOPTED AMENDED. ADOPTED
<br />CAPITAL RESERVE ~ BUDGET
<br />: FY 0.4-05 BUDGET
<br />FY 04-OS BUDGET
<br />FY OS-06.
<br />Beginning Balance $7,250,248 $5,546,259' $7,574,2:10
<br />Transfer From Operating Reserve 3,000;000 3,000,000 3,137,500
<br />Interest 20.0,911 200,911 200,000
<br />Revenue Bond Proceeds 6,500,000 7,750,000 .31.,500,000
<br />Bond Sale Expense 0 0 (512,500)
<br />Bond Insurance 0 0 ; (250,000).
<br />Xfer to Fund 612 0 0 (3;150,000)
<br />Funding For Capital Outlay (250,000) (250,000) 0.
<br />Funding For Major Rehab (3.50,000) (447,000) ; (.192,000)
<br />Funding For CIP (14,220,000) (15,645,985) . . (31:647:000)
<br />Ending Balance
<br />EQUIPMENT REPLACEMENT RESERVE
<br />,159 ; $154,185
<br />The Equipment Replacement Reserve accumulates replacement funding for three types of
<br />equipment: 1) major/stationary equipment items costing less than $200,000 with useful lives of
<br />20 years or less; 2) fleet vehicles maintained by the Eugene Wastewater Division; and 3)
<br />computers that serve the Eugene Wastewater Division. Contributions to the Equipment
<br />Replacement Reserve in the FY OS-06 budget total $346,056. Additional budget detail is
<br />provided below.
<br />.~ ~ ADOPTED AMENDED ADOPTED
<br />~ BUDGET BUDGET BUDGET
<br />EQUIPMENT REPLACEMENT RESERVE FY 04-OS FY 04-OS FY OS-06
<br />Beginning Balance $8,489,195 $8,972,240 $6,658,667
<br />Annual Equipment Contribution $221,719 $221,719 $162,012
<br />Annual Vehicle Contribution $142,173 $142,173 $158,532
<br />Annual Computer Contribution
<br />. $26,213 $26,213 $25,512
<br />' Interest
<br />'' $275,998 $275,998 $205,000
<br />Equipment Purchases ($2,004,541) ($2,221,727) .($580,133)
<br />'; Ending Balance $7,150,757 $7,416,616 $6,629,590
<br />SYSTEM DEVELOPMENT CHARGE (SDCI RESERVES
<br />SDCs are required as part of the MWMC IGA. They are connection fees charged to new users to
<br />~ recover costs associated -with construction of plant capacity, and are "limited to funding Capital
<br />~~ ' Programs. The purpose of the SDC Reserve is to collect and account for SDC revenues
<br />' ' separately from other revenue sources, in accordance with statutory requirements. Since 1997,
<br />..the Commission has maintained an SDC structure-that is a combination of "Reimbu. rsement"
<br />and "Improvement" fee components. Estimated SDC revenues for FY 05=06 total $1,774,800.
<br />Budgeted FY OS-06 Capital costs to be paid with SDCs are $3,975,000. The projected beginning
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<br />Page 40 FY OS-06 BUDGET AND CIP
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