|
Metropolitan Wastewater Management Commission Reserves
<br />
<br /> ,i'!-s
<br /> ADOPTED AMENDED. ADOPTED
<br /> CAPITAL RESERVE BUDGET BUDGET BUDGET
<br /> FY 0.4-05 FY 04-OS _FY OS-0.6
<br /> ~ Beginning Balance $7,250;248. $5,546,259 $7,574,210
<br /> Transfer From Operating Reserve 3,000;000 3,000,000 3,137,500
<br /> Interest 20.0,911 200,911 200,000
<br /> Revenue Bond Proceeds 6,500,000 7,750,000 .3I,500,000
<br /> ' Bond Sale Expense 0 0 (512,500)
<br /> Bond Insurance 0 0 (250,000).
<br /> Xfer to Fund 612 0 0 (3;150,000)
<br /> Funding For Capital Outlay (250,000) (250,000) 0
<br /> Funding For Major Rehab (3.50,000) (447,000) ; (.192,000)
<br /> ~ Funding For CIP (14,220,000)' (15,645,985) . (31;647,000)
<br /> Ending Balance $2,131,159 ; $154,185 ' $6,660,210
<br /> EQUIPMENT REPLACEMENT RESERVE
<br /> - The Equipment Replacement Reserve accumulates replacement funding for three types of
<br /> equipment: 1) major/stationary equipment items costing less than $200,000 with useful lives of
<br /> 20 years or less; 2) fleet vehicles maintained by the Eugene Wastewater Division; and 3)
<br /> computers that serve the Eugene Wastewater Division. Contributions to the Equipment
<br /> Replacement Reserve in the FY OS-06 budget total $346,056. Additional budget detail is
<br /> provided below.
<br /> ADOPTED AMENDED ADOPTED
<br /> ; BUDGET BUDGET BUDGET
<br /> EQUIPMENT REPLACEMENT RESERVE FY 04-OS FY 04-OS FY OS-06
<br /> i
<br /> i Beginning Balance $8,489,195 $8,972,240 $6,658,667
<br /> Annual Equipment Contribution $221,719 $221,719 $162,012
<br /> Annual Vehicle Contribution $142,173 $142,173 $158,532
<br /> - Annual Computer Contribution $26,213 $26,213 $25,512
<br /> Interest $275,998 $275,998 $205,000
<br /> Equipment Purchases ($2,004,541) ($2,221,727) ($580,133)
<br /> Ending Balance $7,150,757 $7,416,616 $6,629,590
<br /> SYSTEM DEVELOPMENT CHARGE (SDC) RESERVES
<br /> SDCs are required as part of the MWMC IGA. They are connection fees charged to new users to
<br /> recover costs associated with construction of plant capacity, and are limited to funding Capital
<br /> Programs. The purpose of the SDC Reserve is to collect and account for SDC revenues
<br /> separately from other revenue sources, in accordance with statutory requirements. Since 1997,,,
<br /> the Commission has maintained an SDC structure-that is a combination of "Reimbursement"
<br /> and "Improvement" fee components. Estimated SDC revenues for FY 05=06 total$1,774,800.
<br /> ~,I
<br /> Budgeted FY OS-06 Capital costs to be paid with SDCs are $3,975,000. The projected beginning
<br /> Page 40 FY OS-06 BUDGET AND CIP
<br /> _ _ _
<br />
<br />
|