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<br />Metropolitan Wastewater Management Commission
<br />
<br />J
<br />Budget Message
<br />
<br />REGIONAL W ASTEW A TER PROGRAM
<br />RESOURCE AND EXPENDITURE SUMMARY
<br /> BUDGET AMENDED PROPOSED
<br /> 2005-06 2005-06 2006-07
<br />RESOURCES
<br />User Fees $16,150,000 $16,150,000 $17,274,000
<br />Beginning Cash 23,333,924 26,711,721 31,942,202
<br />Internal Transfers 12,311,985 13,231,113 7,829,646
<br />System Development Charge 1,774,800 1,774,800 1,868,800
<br />Interest 606,900 606,900 1,177,113
<br />Revenue Bond Proceeds 31,500,000 31,716,800 40,000,000
<br />SRF Loan 0 5,900,000 0
<br />Miscellaneous 46,809 46,809 44,615
<br /> $85,724,418 $96,138,143 $100,136,376
<br />EXPENDITURES
<br />Reserves $22,828,732 $20,025,484 $25,308,937
<br />Operations 9,728,373 9,921,912 9,659,696
<br />Internal Transfers 12,311,985 13,231,113 7,829,646 *
<br />CIP 36,394,133 47,921,241 51,721,611 **
<br />Bond Sale Expense 762,500 762,500 762,500
<br />Debt Service 762,500 762,500 1,473,431
<br />Administration 2,936,195 3,513,393 3,380,555
<br /> $85,724,418 $96,138,143 $100,136,376
<br />
<br />*
<br />
<br />Includes three equipment replacement contributions totaling $603,077, a Capital Reserve contribution of
<br />$3,226,569, and a transfer of $4,000,000 of revenue bond proceeds to fund the Revenue Bond Reserve.
<br />
<br />** In governmental budgeting, projects are fully budgeted in the fiscal year in which the contract is awarded. At
<br />the end of each fiscal year, unspent funds are carried forward until the project is completed. This provides
<br />budget appropriations necessary for MWMC to commit to contracts that span more than one fiscal year.
<br />
<br />In conclusion, this budget supports the existing level of service through a variety funding sources
<br />and reflects the reality and challenges of increasingly more stringent environmental regulations,
<br />an aging facility, and the need for effective planning to address those facility and environmental
<br />requirements.
<br />
<br />Q~ t:_~~
<br />
<br />Dan E. Brown,
<br />MWMC Executive Officer
<br />
<br />Page 2 PROPOSED FY 06-07 BUDGET AND CIP
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