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Metropolitan Wastewater.Management Commission Reserves
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<br /> SDC Reserve balance on July 1, 2005 is $5,678,429. Several legal challenges to MWMC's
<br /> j SDCs were filed during FY 0405. Because of the possible implications of these challenges,
<br /> MWMC created a Contingency Reserve to hedge against the loss of part or all of FY 04-OS SDC
<br /> revenue as a result of the legal challenges. The Contingency Reserve is continued in FY OS-06.
<br /> Additional budget detail is provided below.
<br /> ! ADOPTED' AMENDED. ADOPTED:
<br /> SDC RESERVES BUDGETi BUDGET: BUDGET
<br /> FY`04 OS' FY 04-OS ; FY OS-06,
<br /> IMPROVEMENT SDCs
<br /> Beginning Balance $489,495. $555,388 $736,406 j
<br /> SDCs Collected '105;700 105,700: 1,6T8,800
<br /> Interest 6;061 11,018 ' 43,000 3
<br /> SDC Contingency Reserve 0. 0 ~ . (1,748,206)
<br /> Funding For Capital ,0 ~ 0 ' {650,000);
<br /> Ending Balance ~ ~ ~ $60.1,256 ~ $672,106 ~ ~$0 .
<br /> REIMBURSEMENT SDCs
<br /> Beginning Balance $4,972,400 ~ $4,296,041 $.4,942.;023
<br /> SDCs Collected 1;OU6,740 ~ 1,006,740 156.,0.00
<br /> Interest 57,939 ; 52,982 94,000
<br /> .SDC Contingency Reserve 0 ; 0 (1;163;000)
<br /> Funding For Capital (3;625,000). (4,242,196) (3;325,000}
<br /> Ending Balance $2,412;079 ' $1,113,567 $704,023
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<br /> f EXHIBIT 10
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<br /> REGIONAL WASTEWATER PROGRAM
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<br /> i RESERVES -LINE ITEM BUDGET
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<br /> I ~ ~ ~ ~ ADOPTED AMENDED ADOPTED
<br /> RESERVES BUDGET; BUDGET BUDGET i
<br /> FY 04-05, FY 04-OS FY 05-06
<br /> WORKING CAPITAL
<br /> Eugene $500,000 $500,000. $500,000
<br /> Springfield 200,000. 200,000 200;000
<br /> CAPITAL RESERVE - 2,131,159 154,185 6,660;210 ~
<br /> EQUIPMENT REPLACEMENT RESER` 7,150,757 7,416,616 6,629,590
<br /> SDC RESERVE- 3,013,335 1;285,673 704,023` ~
<br /> .SDC CONTINGENCY RESERVE 0 500,000 2,911,206 '
<br /> OPERATING RESERVE 1,157;210 296,853 1,220,819
<br /> RATE STABILITY RESERVE 1,294,688 1,289,168 852,884 II
<br /> MWMC REVENUE BOND RESERVE _ 0 0 3,1.50,000
<br /> TOTAL RESERVES $15;447,149 $11,642,495 $22,828,732
<br /> Page 41 FY OS-06 BUDGET AND C1P
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