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Metropolitan Wastewater Management Commission Reserves
<br />PROPOSED
<br />ADOPTEDAMENDED
<br />BUDGETBUDGETBUDGET
<br />REIMBURSEMENT SDC RESERVEFY 17-18FY 17-18FY 18-19
<br /> Beginning Balance$844,764$881,718$1,002,018
<br /> Reimbursement SDCs Collected130,000130,000135,000
<br /> Interest1,2001,2002,000
<br /> SDC Compliance Charge7,0007,0005,000
<br /> Xfr to Debt Service (Fund 612)(21,350)(21,350)(22,845)
<br /> Materials & Services(2,000)(2,000)(2,000)
<br />Reimbursement SDC Reserve $959,614$996,568$1,119,173
<br />PROPOSED
<br />ADOPTEDAMENDED
<br />BUDGETBUDGETBUDGET
<br />IMPROVEMENT SDC RESERVE
<br />FY 17-18FY 17-18FY 18-19
<br /> Beginning Balance$3,283,268$3,807,464$3,620,463
<br /> Improvement SDCs Collected1,300,0001,300,0001,600,000
<br /> Interest7,0007,0009,000
<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 $2,588,268$3,112,464$3,227,463
<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 18-19 Budget
<br />includes a contribution from the Operating Reserve of $14 million. The beginning balance on
<br />July 1, 2018, is projected to be $50,921,580. Additional budget detail on the CIP, Major Capital
<br />Outlay and Major Rehabilitation Program reserves is provided below.
<br />PROPOSED
<br />ADOPTEDAMENDED
<br />BUDGETBUDGETBUDGET
<br />CAPITAL RESERVESFY 17-18FY 17-18FY 18-19
<br /> Beginning Balance$57,862,221$58,008,648$50,921,580
<br /> Transfer from Operating Reserve14,000,00014,000,00014,000,000
<br /> Interest150,000150,000500,000
<br /> Interest Income (Revenue Bond Proceeds)150,000150,0005,000
<br /> Other Income25025010
<br /> Funding For Capital Improvement Projects(33,641,000)(34,886,893)(31,076,000)
<br /> Funding For Major Rehabilitation(566,000)(566,000)(1,175,000)
<br /> Funding For Major Capital Outlay(622,000)(144,145)(200,000)
<br />Capital Reserve $37,333,471$36,711,860$32,975,590
<br />Page 22FY 18-19 BUDGET AND CIP
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