New Search
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 /> <br /> ~j <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 /> I <br /> Internal Insurance Charges -Budget Request $22,150 [Increase of $17;666 or 394%] <br /> i, <br /> • 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 /> I;~ <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 /> Page 15 FY OS-06 BUDGET AND CIP <br /> <br />