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Metropolitan Wastewater Management Commission Budget Message
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<br /> REGIONAL WASTEWATER PROGRAM
<br /> RESOURCE AND EXPENDITURE SUMMARY
<br />
<br /> BUDGET PROPOSED
<br /> 2004-05 2005-06
<br /> RESOURCES
<br /> User Fees $15,3 [6,000 $16,150,000
<br /> Beginning Cash 23,518,554 $23,333,924
<br /> Internal Transfers 3,390,105 $12,311,985
<br /> System Development Charge 1,112,440 $1,774,800
<br /> Capital Repayment 0 0
<br /> Interest 609,909 $606,900
<br /> Revenue Bond Proceeds 6,500,000 $31,500,000
<br /> Miscellaneous 456,494 $46,809
<br /> $50,903,502 $85,724,418
<br /> EXPENDITURES
<br /> Reserves $15,447,149 $22,828,732
<br /> Operations .8,890,345 $9,728,373
<br /> InternalTransfers 3,390,105. $12,311,985 *
<br /> CIP 20,449,541 $36,394,133 **
<br /> Bond Sale Expense 0 $762,500
<br /> Debt Service 0 $762,500
<br /> Administration 2,726,362 $2,936,195
<br /> $50,903,502 $85,724,418
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<br />· Includes three equipment replacement contributions totaling $346,056, a Capital Reserve contribution of
<br /> $3,137,500, transfer of $3,150,000 of revenue bond proceeds to fund the Revenue Bond Reserve, and transfer of
<br /> $5,678,429 in beginning cash from the Combined SDC Fund, which will no longer exist, to the newly created
<br /> Reimbursement and Improvement SDC Funds.
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<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.
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<br /> Metropolitan Wastewater Management Commission
<br />
<br /> Dan E. Brown
<br /> Executive Officer
<br />
<br /> Review Draft March 31, 2005 Page 4 FY 05-06 BUDGET AND CIP
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