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- Metropolitan Wastewater Management Commission .Reserves
<br />the Equipment Replacement Reserve in the FY 04-OS budget total $390,105 .
<br />Expenditures from the Equipment Replacement Reserve in FY 04-05 total $2,004,541
<br />Additional budget detail is provided below.
<br />ADOPTED AMENDED ADOPTED
<br />EQUIPMENT REPLACEMENT RESERVE BUDGET BUDGET BUDGET
<br /> FY 03-04 FY 03-04 FY 04-OS
<br />Beginning Balance 8,876,727 9,057,346 8,489,195
<br />_ Annual Equipment Contribution 325,805 325,805 221,719
<br />.; Annual Vehicle Contribution 136,693 136,693 142,173
<br />Annual Computer Contribution 18,600 18,600 26,213
<br />Interest 158,302 158,302 275,998
<br />i ' ~ Equipment Purchases (1,026,630) (1,326,249) (2,004,541)
<br />~ '; Ending Ba ance $8,489,497 $8,370,497 $7,150,757
<br />SYSTEM DEVELOPMENT CHARGE (SDC) RESERVE
<br />SDCs are required as part of the MWMC IGA. They are connection fees charged to new
<br />users to recover costs associated with construction of plant capacity, and are limited to
<br />~ funding Capital Programs. The purpose of the SDC Reserve is to collect and account for
<br />SDC revenues separately from other revenue sources, in accordance with statutory
<br />'; requirements. Since 1997, the Commission has maintained an SDC structure that is a
<br />combination of "Reimbursement" and "Improvement" fee components. Estimated SDC
<br />revenues for FY 04-OS total $1,112,440. Budgeted FY 04-OS Capital costs to be paid
<br />', - with SDCs are $3,625,000. The projected beginning SDC Reserve balance on July 1,
<br />'I'
<br />2004 is $3,013,335. Additional budget detail is provided below.
<br />ADOPTED AMENDED ADOPTED
<br />~ SDC RESERVE BUDGET BUDGET BUDGET
<br />FY 03-04 FY 03-04 FY 04-OS
<br />IMPROVEMENT SDCs
<br />Beginning Balance $363,264 $401,617 $489,495
<br />SDCs Collected 80,495 80,750 105,700
<br />Interest 7,383 7,383 6,061
<br />Funding For Capital 0 0 0
<br />Ending Balance $451,142 $489,750 $601,256
<br />REIMBURSEMENT SDCs
<br />Beginning Balance $4,934,401 $5,205,570 $4,972,400
<br />SDCs Collected 769,505 .769,250 1,006,740
<br />Interest 47,022 47,022 57,939
<br />Materials and Services 0 (1,500) 0
<br />Transfer To CSD 0 0 0
<br />Funding For Capital (2,125,000) (2,145,292) (3,625,000)
<br />Ending Balance $3,625,928 $3,875,050 $2,412,079
<br />Page 36 FY 04-OS BUDGET AND CIP
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