Item B: MWMC Budget and CIP - Laserfiche WebLink

Home Browse Search

Metropolitan Wastewater Mana~ernent Commission Budget and Pro~ram Summar~ CAPITAL PROGRAMS The RWP budget encompasses several Capital Programs, including the CIP, the Major Rehabilitation Program, the Major Capital Outlay Program and the Equipment Replacement Program. The CIP consists of capital projects that are administered by the City of Springfield as part of its Contract responsibilities for MWMC. CIP projects typically provide for new or expanded facilities and/or capacity enhancements. The annual CIP budget is separate from the Operating Budget. The proposed FY 05-06 CIP is funded by a combination of SDCs, contributions from the Operating Budget, and Capital Reserves. Consistent with MWMC's adopted Financial Plan, a revenue bond issuance is planned in FY 05-06 to augment CIP funding. The proposed FY 05-06 CIP budget is summarized in Exhibit 3 on the next page, and described on pages 28-37 Other capital programs, consisting of the Major Rehabilitation Program, Major Capital Outlay and the Equipment Replacement Program include capital projects/purchases that are administered by the City of Eugene as part of its contractual responsibilities for MWMC. These programs provide for major construction, repairs, and purchases necessary to maintain functionality, lifespan, and effectiveness of existing facility assets and capacity. The proposed FY 05-06 budget for these capital programs is summarized in Exhibit 3 on the next page, and itemized on page 35. Review Draft April 21, 2005 Page 19 FY 05-06 BUDGET AND CIP