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Metropolitan Wastewater Management Commission Reserves
<br /> SYSTEM DEVELOPMENT CHARGE (SDC) RESERVE
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<br /> SDC's (formerly described as "equalization charges") are required as part of the MWMC
<br /> Inter overnm
<br /> ental A ree
<br /> g g ment. They are connection fees charged to new users to recover costs
<br /> associated with construction of plant capacity, and are limited to funding Capital Programs. The
<br /> purpose of the SDC Reserve is to collect and .account for SDC revenues separately from other
<br /> revenue sources, in accordance with statutory requirements. Since 1997,. the Commission has
<br /> maintained an SDC structure that is a combination of "Reimbursement" and "Improvement" fee
<br /> components. Estimated SDC revenues for FY 00-01 total $1,085,000. Capital costs to be paid with
<br /> SDC's were-budgeted at $657,000 for FY 99-00, and are proposed at $1,215,000 for FY 00-01. The
<br /> projected total SDC Reserve balance on June 30, 2000 is $3,966,141. Additional budget detail is
<br /> provided below.
<br /> Adopted Amended Proposed
<br /> SDC RESERVES Budget Budget Budget
<br /> FY 99-00 FY 99-00 FY 00-01
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<br /> IMPROVEMENT SDC's
<br /> $eginning Balance 38,114 38,114 137,764
<br /> SDC's Collected 54,000 54,000 91,000
<br /> Funding For Capital (15,000) 0 0
<br /> Interest 0 3,650 ,10,800
<br /> Ending Balance 77,1.14 95,764 239,564
<br /> i REIMBURSEMENT SDC's
<br /> Beginning Balance 1,408,377 2,528,226 3,672,377
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<br /> SDC's Collected 596,000 596,000 994,000
<br /> Transfer To CSD 0 0 0
<br /> Funding For Capital (592,500) (1,270,344) (1,215,000)
<br /> f Interest 58,000. 54,350 275,200
<br /> Ending Balance 1,469,877 .1,908,232 3,726,577
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<br /> Page 32 FY 00-01 BUDGET
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