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Metropolitan Wastewater Management Commission Budget Message
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<br />'' '' • A11 SIW site operations and maintenance requireme~its are fully integrated and funded in the
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<br />residuals program.
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<br />• Working Capital remains budgeted at $200,000 for Springfield and $500,000 for Eugene.
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<br />• The Commission targets for funding the Operating Reserve, Capital Reserve and Equipment
<br />Replacement Reserve are met.
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<br />• CIl' projects budgeted in FY 04-OS will be partially completed in that timeframe, however,
<br />: significant carryovers to FY 05-06 may result from contractual commitments spanning both
<br />I '',_ fiscal years. .
<br />• Projected FY 04-OS revenues are as follows: User fees - $15,316,000 ;Interest - $609,909 ;
<br />'' and System Development Charges - $1,112,440 .
<br />REGIONAL WASTEWATER PROGRAM
<br />RESOURCE AND EXPENDITURE SUlVIlVIARY
<br /> BUDGET PROPOSED
<br /> 2003-04 2004-OS
<br />RESOURCES
<br />User Fees $11,642,000 $15,316,000
<br />Beginning Cash 24,729,872 23,518,554
<br />Internal Transfers 1,231,098 3,390,105
<br />System Development Chazge 850,000 1,112,440
<br />Capital Repayment 240,000 0
<br />Interest 437,137 609,909
<br />Revenue Bond Proceeds 0 6,500,000
<br />Miscellaneous 179,765 456,494
<br /> $39,309,872 $50,903,502
<br />EXPENDITURES
<br />Reserves $20,085,327 $15,447,149
<br />Operations 8,314,028 8,890,345
<br />Internal Transfers 1,231,098 3,390,105
<br />CIP 7,843,630 20,449,541 **
<br />Administration 1,835,789 2,726,362
<br /> $39,309,872 $50,903,502
<br />* Includes three equipment replacement contributions totaling $390,105 and a Capital Reserve contribution of
<br />$3,000,000.
<br />** In governmental budgeting, projects aze fully budgeted in the fiscal year in which the contract is awarded. At
<br />the end of each fiscal year, unspent funds are carried forwazd until the project is completed. This provides
<br />budget appropriations necessary for MWMC to commit to contracts that span more than one fiscal year.
<br />Metropolitan Wastewater Management Commission
<br />Dan E. Brown
<br />Executive Officer
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<br />April, 2004 DRAFT Page 3 FY 04-OS BUDGET AND CIP
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