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Metropolitan Wastewater Management Commission Reserves <br /> <br />SDC Reserve balance on July 1, 2005 is $5,678,429. Several legal challenges to MWMC's <br />SDCs were filed during FY 04-05. 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 04-05 SDC <br />revenue as a result of the legal challenges. The Contingency Reserve is continued in FY 05-06. <br />Additional budget detail is provided below. <br /> <br /> AMENDED <br /> SDC RESERVES BUDGET <br /> FY 04-0S <br /> IMPROVEMENT SDCs <br /> Beginning Balance $ 555,388 <br /> SDCs Collected 105,700 <br /> Interest 11,018 <br /> SDC Contingency Reserve 0 <br /> Funding For Capital 0 <br /> Ending Balance $672,106 <br /> <br /> REIMBURSEMENT SDCs <br /> Beginning Balance $4,296,041 <br /> SDCs Collected 1,006,740 <br /> Interest 52,982 <br /> SDC Contingency Reserve 0 <br /> Funding For Capital (4,242,188) <br /> Ending Balance $1,113,575 <br /> <br /> EXHIBIT 10 <br /> <br /> REGIONAL WASTEWATER PROGRAM <br /> RESERVES - LINE ITEM BUDGET <br /> <br /> AMENDED <br /> RESERVES BUDGET <br /> FY 04-05 <br /> WORKING CAPITAL <br /> Eugene $500,000 <br /> Springfield 200,000 <br /> CAPITAL RESERVE 154,185 <br /> EQUIPMENT 7,416,616 <br /> SDC RESERVE 1,285,673 <br /> SDC CONTINGENCY RESERVE 500,000 <br /> OPERATING RESERVE 296,853 <br /> RATE STABILITY RESERVE 1,289,168 <br /> MWMC REVENUE BOND RESERVE 0 <br /> TOTAL RESERVES $11,642,495 <br /> <br />Review Draft April 21, 2005 Page 41 FY 04-05 BUDGET AND CIP <br /> <br /> <br />