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MWMC FACIUTIE$ PLAN <br /> <br />Financial Strategy <br /> <br />The preferred Alternative 5 - Parallel Primary/Secondary work program results in a 20-year <br />project list with a total cost of $144 million in 2004 dollars. If DEQ does not approve <br />Alternative 5 - Parallel Primary/Secondary work program ($144 million), and Alternative 4 <br />- High Rate Clarification work program ($157 million) is implemented instead, an <br />additional $13 million will have to be spent on capital investments. Funding for the 20-year <br />project list will be provided by a combination of user rates and system development charges <br />(SDCs), with finan~g obtained tkrough issuance of revenue bonds. <br /> <br />MWMC adopted an update to its Financial Plan in 2003. The MWMC Financial Plan <br />contains an analysis and findings regarding MWMC's financial "fitness" to enable moving <br />forward with a significant capital improvements program. It also includes an analysis of <br />available financing and financial management tools. It provides policies and procedures that <br />will position the utility well to manage the financial aspects of the Facility Plan in a manner <br />that is fiscally responsible and cost-effective to the customers. <br /> <br />ES-6 MWMC_EX£CSUM_REV4_2_ DOC; <br /> <br /> <br />