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Metropolitan Wastewater Management Commission Budget Message <br /> 1 <br /> contributions to Capital Reserves will be $2,449,660 for the CIP and $499,999 for the Major <br /> Rehabilitation Program. These contributions are intended to build reserves sufficient to fund 5- <br /> year Capital Program needs. The proposed budget also maintains an operating. reserve, consistent <br /> with the Commission's policy, at an amount equal to 10% of the operating budget. The target <br /> for FY 00-01 is $830,304. <br /> II Budget Assumptions <br /> • Existing levels of service are funded. <br /> • Permit requirements are met: <br /> • New environmental challengers (e.g. ESA, CWA regulations), are monitored, planned for <br /> ~I and responded to, <br /> <br /> i~ • No changes in operational conditions or regulatory requirements are anticipated. <br /> • Proposed annual cost of living wage adjustments include an increase of 3% for Eugene and <br /> <br /> 'i 2.5% (union) and 2.5% {non-union) for Springfield personnel. <br /> • .Operational costs for start-up of the dewatering facility are included ($103,850). <br /> • Operational costs for start up of the dedicated land applicationproject are not included. <br /> • Working capital remains budgeted at $200,000 for Springfield, and $500,000 for Eugene. <br /> • Capital reserve contribution will be $2,949,659. <br /> • Equipment replacement reserve contribution will be $674,908. <br /> ~ <br /> • The Operating Reserve will be maintained at 10% of the Operating Budget in FY 00-01, <br /> which is consistent with_MWMC policy. <br /> • User rate revenues are projected at current rates for FY 00-O1 which are $ 1,881,381, <br /> • System Development Charge (SDC) revenues are projected at $1,085,000 FY 00-01, which <br /> in combination with user rate revenues total $12,308,000. <br /> i <br /> 4_ <br /> Page 2 FY 00-01 BUDGET <br /> _ _ <br /> <br />