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Metropolitan Wastewater Management Commission Budget Message
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<br />· All SIW site operations and maintenance requirements are fully integrated and funded in the
<br /> residuals program.
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<br />· Working Capital remains budgeted at $200,000 for Springfield and $500,000 for Eugene.
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<br />· The Commission targets for funding the Operating Reserve, Capital Reserve and Equipment
<br /> Replacement Reserve are met.
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<br />· CI? projects budgeted in FY 04-05 will be partially completed in that timefi'ame, however,
<br /> significant carryovers to FY 05-06 may result bom contractual commitments spanning both
<br /> fiscal years.
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<br />· Projected FY 04-05 revenues are as follows: User fees - $15,316,000; Interest - $609,909;
<br /> and System Development Charges - $1,112,440.
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<br /> REGIONAL WASTEWATER PROGRAM
<br /> RESOURCE AND EXPENDITURE SUMMARY
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<br /> BUDGET PROPOSED
<br /> 2003 -04 2004-05
<br /> RESOURCES
<br /> User Fees $11,642,000 $15,316,000
<br /> Beginning Cash 24,729,872 23,518,554
<br /> Internal Transfers 1,231,098 3,390,105
<br /> System Development Charge 850,000 1,112,440
<br /> Capital Repayment 240,000 0
<br /> Interest 437,137 609,909
<br /> Revenue Bond Proceeds 0 6,500,000
<br /> Miscellaneous 179,765 456,494
<br /> $39,309,872 $50,903,502
<br /> EXPENDITURES
<br /> Reserves $20,085,327 $14,437,149
<br /> Operations 8,314,028 8,890,345
<br /> Internal Transfers 1,231,098 3,390,105 *
<br /> CIP 7,843,630 21,459,541 **
<br /> Administration 1,835,789 2,726,362
<br /> $39,309,872 $50,903,502
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<br />· Includes three equipment replacement contributions totaling $390,105 and a Capital Reserve contribution of
<br /> $3,000,000.
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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
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<br /> April, 2004 DRAFT Page 3. FY 04-05 BUDGET AND CIP
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