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Metropolitan Wastewater Management Commission Reserves
<br />PROPOSED
<br />ADOPTED AMENDED
<br />BUDGET BUDGET
<br />BUDGET
<br />FY 16-17FY 16-17
<br />REIMBURSEMENT SDC RESERVE
<br />FY 17-18
<br /> Beginning Balance$639,013$728,555$844,764
<br /> Reimbursement SDCs Collected100,000100,000130,000
<br /> Interest 1,2001,2001,200
<br /> SDC Compliance Charge2,5002,5007,000
<br /> Xfr to Debt Service (Fund 612)(20,191)(20,191)(21,350)
<br /> Materials & Services(2,000)(2,000)(2,000)
<br />Reimbursement SDC Reserve$720,522$810,064$959,614
<br />PROPOSED
<br />ADOPTED AMENDED
<br />BUDGET BUDGET
<br />BUDGET
<br />FY 16-17FY 16-17
<br />IMPROVEMENT SDC RESERVE
<br />FY 17-18
<br /> Beginning Balance$2,865,341$3,980,268$3,283,268
<br /> Improvement SDCs Collected1,100,0001,100,0001,300,000
<br /> Interest 7,0007,0007,000
<br /> Materials & Services(2,000)(2,000)(2,000)
<br /> Xfr to Debt Service (Fund 612 )(2,000,000)(2,000,000)(2,000,000)
<br />Improvement SDC Reserve$1,970,341$3,085,268$2,588,268
<br />CAPITAL RESERVE
<br />The Capital Reserve accumulates funds transferred from the Operating Reserve for the purpose
<br />of funding the CIP, Major Capital Outlay and Major Rehabilitation Program costs. The intent is
<br />to collect sufficient funds over time to construct a portion of planned capital projects with cash in
<br />an appropriate balance with projects that are funded with debt financing. The FY 17-18 Budget
<br />includes a contribution from the Operating Reserve of $14 million. The beginning balance on
<br />July 1, 2017, is projected to be $57,862,221. Additional budget detail on the CIP, Major Capital
<br />Outlay and Major Rehabilitation Program reserves is provided below.
<br />PROPOSED
<br />ADOPTED AMENDED
<br />BUDGET BUDGET
<br />BUDGET
<br />FY 16-17FY 16-17
<br />CAPITAL RESERVES
<br />FY 17-18
<br /> Beginning Balance$50,315,693$51,339,859$57,862,221
<br /> Transfer from Operating Reserve11,300,00011,300,00014,000,000
<br /> Interest60,00060,000150,000
<br /> Interest Income (Revenue Bond Proceeds)210,000210,000150,000
<br /> Transfer to Operating00250
<br /> Funding For Capital Improvement Projects(30,356,600)(30,473,129)(33,641,000)
<br /> Funding For Major Rehabilitation(534,000)(615,042)(566,000)
<br /> Funding For Major Capital Outlay(5,670,000)(2,262,979)(622,000)
<br />Capital Reserve $25,325,093$29,558,709$37,333,471
<br />Page22FY 17-18BUDGET AND CIP
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