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Metropolitan Wastewater Management Commission Reserves
<br />PROPOSED
<br />ADOPTEDAMENDED
<br />BUDGETBUDGETBUDGET
<br />FY 18-19FY 18-19FY 19-20
<br />REIMBURSEMENT SDC RESERVE
<br /> Beginning Balance$1,002,018$1,044,278$1,188,432
<br /> Reimbursement SDCs Collected135,000135,000140,000
<br /> Interest2,0002,00015,000
<br /> SDC Compliance Charge5,0005,0005,000
<br /> Xfr to Debt Service (Fund 612)(22,845)(22,845)(23,909)
<br /> Materials & Services(2,000)(2,000)(2,000)
<br /> Reimbursement SDC Reserve $1,119,173$1,161,433$1,322,523
<br />PROPOSED
<br />ADOPTEDAMENDED
<br />BUDGETBUDGETBUDGET
<br />IMPROVEMENT SDC RESERVEFY 18-19FY 18-19FY 19-20
<br /> Beginning Balance$3,620,463$4,027,161$3,359,161
<br /> Improvement SDCs Collected1,600,0001,600,0001,600,000
<br /> Interest9,0009,00030,000
<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 $3,227,463$3,634,161$2,987,161
<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 19-20 Budget
<br />includes a contribution from the Operating Reserve of $15 million. The beginning balance on
<br />July 1, 2019, is projected to be $41,565,080. 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 />FY 18-19FY 18-19FY 19-20
<br />CAPITAL RESERVES
<br /> Beginning Balance$50,921,580$53,958,166$41,565,080
<br /> Transfer from Operating Reserve14,000,00014,000,00015,000,000
<br /> Interest500,000500,000900,000
<br /> Interest Income (Revenue Bond Proceeds)5,00000
<br /> Other Income101010
<br /> SRF Loan Payoff0(5,019,885)0
<br /> Funding For Capital Improvement Projects(31,076,000)(34,247,589)(17,359,000)
<br /> Funding For Major Rehabilitation(1,175,000)(1,463,300)(520,000)
<br /> Funding For Major Capital Outlay(200,000)(215,000)0
<br /> Capital Reserve $32,975,590$27,512,402$39,586,090
<br />Page 22 FY 19-20 BUDGET AND CIP
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