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AGENDA II.a.
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AGENDA IV.
Attachment 1
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Attachment 1
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Attachment 2
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Attachment 2
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AGEDNA V.
AGENDA VI.
REVENUES Budget Current YTD YTD Budget*% YTD Budget
OPERATIONS:
User fees, Septage & lease income 39,978,460$ 6,789,502 40,356,506$ 36,646,922 110%
Miscellaneous & internal engineering 441,904 97,049 644,939 441,904 146%
Interest income 200,000 250,310 587,314 200,000 294%
Beginning cash-operations 14,382,709 - 14,381,723 14,382,709
Total operating revenue 55,003,073 7,136,861 55,970,482 51,671,535
CAPITAL:
Capital and ER support from user fees 14,300,000 2,431,286 14,300,000 14,300,000 100%
SDC Revenues 2,000,000 414,039 2,141,852 2,000,000 107%
Interest income 420,000 2,105,214 5,516,678 420,000 1313%
Misc Revenue 7,800 848 7,886 7,800 101%
Beginning cash - capital 99,933,792 - 99,933,792 99,933,792
Total capital revenue 116,661,592 4,951,387 121,900,208 116,661,592
Total revenue 171,664,665$ 12,088,248$ 177,870,690$ 168,333,127$
EXPENDITURES Budget Current YTD YTD Budget
OPERATIONS:
Administration - Springfield 5,544,865$ 614,047 5,226,183$ 5,544,865 94%
O&M - Eugene 19,339,670 3,925,402 18,998,309 17,728,031 107%
Computer replacement contribution - - - - 0%
Capital and ER contribution 14,300,000 2,431,286 14,300,000 14,300,000 100%
Total operating expenditures 39,184,535 6,970,735 38,524,492 37,572,896
CAPITAL:
Capital projects 68,995,557 2,057,065 6,072,594 68,995,557 9%
Eugene equipment replacement 3,412,918 79,698 1,795,870 3,412,918 53%
Eugene major rehab.1,280,112 51,376 483,431 1,280,112 38%
Other Capital Items - SDC 14,000 1,652 7,955 14,000 57%
Interfund transfers 25,904 4,404 25,904 25,904 100%
Total capital expenditures 73,728,491 2,194,196 8,385,753 73,728,491
DEBT SERVICE 4,113,000 - 4,113,000 4,113,000
RESERVES 54,638,639 2,923,317 126,847,445 52,918,740
TOTAL EXPENDITURES & RESERVES 171,664,665$ 12,088,248$ 177,870,690$ 168,333,127$
* The year-to-date shows how much of the budget has elapsed so far to determine how close actuals is to budget. For example,
for period 6 user fees the math would show 39,978,460 * (6/12)
METROPOLITAN WASTEWATER MANAGEMENT COMMISSION
STATEMENT OF REVENUES AND EXPENSES
For the Month Ending June 30, 2024 - FINAL
V:\COMMON\ACCNTING\MWMC\master copy\MWMC June 2024.xlsm: Revised A 9/30/2024 11:48 AM
Attachment 1
Page 1 of 1
User fees,
Septage fees
Interest income
Other Operating Revenues
SDC reimbursement fees
SDC Improvement fees
Interest earnings
To cover cash flow needs between receipts
To cover expenses for 2 months in unforeseen circumstances.
For use to avoid major rate swings
Required by bond covenants, it’s only use is to increase net reve-
nues if ever we are in danger of not mee ng our coverage ra o.
Required by DEQ loan documents to guarantee payment of debt
service on SRF loans.
Toward high deduc ble in the event of major claim.
To fund capital projects as determined by the Commission in the
CIP plan.
Funded by opera ng revenues to save for recurring replacement of
equipment and vehicles as determined by the asset management
team.
Used for capital projects that qualify for use of SDC revenues per
ORS 223.307 including debt service repayment.
SRF Loan Reserves
$50K — 0.1%
Insurance Reserve
$1.5M — 2.7%
SDC Reserves
$8.2M — 15%
Equip. Replacement Reserve
$12.3M — 22.5%
Capital Reserve
$22.4M — 41%
Rate Stabiliza on Reserve
$2M — 3.7%
Rate Stability Reserve
$2M — 3.7%
Working Capital Reserve
$900K — 1.6%
Opera ng Reserve
$5.3M — 9.7%
FY23-24 Amended Budget
Total of Reserves: $54.6M
Attachment 2
Page 1 of 2
User fees,
Septage fees
Interest income
Other Operating Revenues
SDC reimbursement fees
SDC Improvement fees
Interest earnings
To cover cash flow needs between receipts
To cover expenses for 2 months in unforeseen circumstances.
For use to avoid major rate swings
Required by bond covenants, it’s only use is to increase net reve-
nues if ever we are in danger of not mee ng our coverage ra o.
Required by DEQ loan documents to guarantee payment of debt
service on SRF loans.
Toward high deduc ble in the event of major claim.
To fund capital projects as determined by the Commission in the
CIP plan.
Funded by opera ng revenues to save for recurring replacement of
equipment and vehicles as determined by the asset management
team.
Used for capital projects that qualify for use of SDC revenues per
ORS 223.307 including debt service repayment.
SRF Loan Reserves
$50K — 0.1%
SDC Reserves
$8.5M —14%
Equip. Replacement Reserve
$13M —21.5%
Capital Reserve
$27.8M — 45.8%
Insurance Reserve
$1.5M —2.5%
Rate Stabiliza on Reserve
$2M — 3.3%
Rate Stability Reserve
$2M — 3.3%
Opera ng Reserve
$4.9M —8.1%
Working Capital Reserve
$900K —1.5%
FY24-25 Amended Budget
Total of Reserves: $60.7M
Attachment 2
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M E M O R A N D U M
AGENDA VII.
9/16/2024
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Attachment 1
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9/16/2024
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Attachment 1
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