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Metropolitan Wastewater Management Commission Budget Message
<br />obligations of the Commission. It funds Capital Programs at a level necessary to implement the
<br />2004 Facilities Plan objectives for compliance with the National Pollutant Discharge Elimination
<br />System (NPDES) permit issued to MWMC and the two Cities. Finally, this budget implements
<br />the Commission’s adopted Financial Plan policies regarding reserves, asset management, and
<br />capital financing.
<br />REGIONAL WASTEWATER PROGRAM
<br />RESOURCE AND EXPENDITURE SUMMARY
<br />BUDGETAMENDEDPROPOSED
<br /> 2009-10 2009-102010-11
<br />RESOURCES
<br />User Fees$24,666,551$24,666,551$26,020,795
<br />Beginning Cash83,981,15697,173,65864,951,220
<br />Internal Transfers7,413,7437,413,74310,840,083
<br />System Development Charge663,750663,750589,281
<br />Interest2,420,0002,420,000662,051
<br />Revenue Bond/SRF Proceeds27,800,00027,279,70010,306,739***
<br />Miscellaneous1,721,5001,721,5001,638,000
<br />$148,666,700$161,338,902$115,008,169
<br />EXPENDITURES
<br />Reserves$51,530,021$50,603,561$47,197,101
<br />Operations11,368,84011,430,84011,612,107
<br />Internal Transfers7,413,7437,413,74310,839,844*
<br />CIP65,434,19278,851,12432,970,347**
<br />Bond Sale/Arbitrage Expense654,939654,939400,000
<br />Debt Service8,389,9338,509,6638,441,938
<br />Administration3,875,0323,875,0323,546,832
<br />$148,666,700$161,338,902$115,008,169
<br />* Includes three equipment replacement contributions totaling $796,000, a Capital Reserve contribution of
<br />$10,043,844.
<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.
<br />Therefore, although the budgeted amount in the capital budget for FY 10-11 is $32,970,347, which includes
<br />$450,000 in sponsorship options, the capital project spending for FY 10-11 is only expected to total about
<br />$18,362,000.
<br />*** Because all capital projects for which contracts will be awarded in FY 10-11 must be fully budgeted in FY 10-
<br />11, the revenue requirements, and in this case, any necessary borrowing, must also be shown in the budget
<br />year.
<br />Respectfully submitted,
<br />Susie Smith,
<br />MWMC Executive Officer
<br />Page 2 DRAFT FY 10-11 BUDGET AND CIP
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