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Metropolitan Wastewater.Management Commission Reserves
<br />SDC Reserve balance on July 1, 2005 is $5,678,429. Several legal challenges to MWMC's
<br />SDCs were filed during FY 04-05. Because of the possible implications of these challenges,
<br />MWMC created a Contingency Reserve to hedge against the loss of part or all of FY 04-OS SDC
<br />revenue as a result of the legal challenges. The Contingency Reserve is continued in FY OS-O6.
<br />Additional budget detail is provided below.
<br /> ADOPTED' AMENDED. ADOPTED.:
<br />SDC RESERVES BUDGET; BUDGET: - BUDGET
<br />_ FY`04,05 FY 04-05 ; FY, 05-06
<br />IMPROVEMENT SDCs
<br />Beginning Balance $489;495 $555,388 $736,406
<br />SDCs Collected '105;700 105,700 1,618,800.
<br />Interest 6;061"' 11,018 ;: ' 43,000.
<br />,.
<br />SDC Contingency Reserve ` 0. 0 (1,748,206)
<br />Funding For Capital _ 0 ~ 0 ' {65U,000).
<br />Ending Balance $60.1,256 $672,106. .- $0 .
<br />REIMBURSEMENT SDCs
<br />Beginning Balance $4;972,400 $4,296,041 $4,942;023
<br />SDCs Collected 1;006,74.0 1,006,740 156.,000
<br />Interest 57,9.39 ; 52,982 ! 94,000
<br />SDC Contingency Reserve 0 0 (1;163;000)
<br />Funding For Capital _ (3,625;000) (4,242,196) (3;325,000}
<br />Ending Balance $2,412,079 $1,113,567 $704,023
<br />EXHIBIT 10
<br />REGIONAL WASTEWATER PROGRAM
<br />RESERVES -LINE ITEM BUDGET
<br /> ADOPTED, AMENDED ADOPTED
<br />RESERVES BUDGET: BUDGET BUDGET
<br /> FY 04-05 FY 04-OS FY 05-06 I` '
<br />WORKING CAPITAL ~ ;
<br />Eugene $500,000 $500,000. $500,000 ~ '',
<br />Springfield 200,000. 200,000 200;000
<br />CAPITAL RESERVE 2,131,159 154,185 6,660;210
<br />EQUIPMENT REPLACEMENT RESER` 7,150,757 7,416,616 6,629,590 , ~' ~~
<br />SDC RESERVE 3,013,335 1,285,673 704,023
<br />.SDC CONTINGENCY RESERVE. 0 500,000 .2,911,206 I-
<br />OPERATING RESERVE - 1,157,210 296,853 1,220,8.19
<br />;.
<br />RATE STABILITY RESERVE 1,294,688 1,289,168 852,884 i .
<br />MWMC REVENUE BOND RESERVE 0 0 3,1.50,000
<br />TOTAL RESERVES $15,447,149 $11,642,495 $22,828,732
<br />,1
<br />Page 41 FY OS-06 BUDGET AND CIP
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