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Metropolitan Wastewater Management Commission Budget and Program Summary <br />Property and Liability Insurance- Budget Request $275,000 [Decrease of $55,000 or 17%] <br />• The sharp increases in Property and Liability Insurance costs that occurred in 2002 and <br />2003 have leveled off and 2004 rates were less than anticipated. Therefore, the budget <br />for this line item is decreased to reflect normalization of the market. <br />Computer Software -Budget Request $7,207 [Decrease of $14,278 or 66%] <br />• The Mouse modeling software license was renegotiated in FY 04-05 for athree-year <br />period, so total software costs decrease in FY OS-06. <br />Internal Insurance Charges -Budget Request $22,150 (Increase of $17;666 or 394%] <br />i • The increase in this line item is a combination of expected rate inflation and a correction <br />of the calculation formula that has undercharged this fund for a number of years. <br />Internal Facility Rent -Budget Request $42,592 [Increase of $31,057 or 269%] <br />• These costs have increased as the City of Springfield has transitioned to charging market <br />based rents to all enterprise funds, and because the expansion of RWP staffing in FY 04 <br />OS increased office space requirements. <br />Capital Outlay -Budget Request - $0 [Decrease of $37,750 ] <br />• There are no Capital Outlay purchases requested for FY OS-06. <br />Debt Service -Budget Request- $762,500 <br />• With the issuance of the first revenue bonds, MWMC is now budgeting for debt service <br />payments. This initial payment will be for half a year, and will include. interest only. <br />Two interest payments and the first principal payment will be budgeted in FY 06-07. <br />;; <br />.' <br />Page 15 FY OS-06 BUDGET AND CIP <br />