HomeMy Public PortalAboutbudget-summary_2015_1BUDGET SUMMARYThe Budget Summary section contains policies, processes, graphs and charts describingbudget development. This section also contains information regarding user charges,funding through the issuances of bonds and how those funds are managed.7
BUDGET & FINANCIAL POLICIES The Metropolitan St. Louis Sewer District's budget & financial policies set forth the basic framework for the District’s overall management of operations taking into account changing circumstances and conditions. These policies assist the decision making process of the Board and provide guidelines for evaluating both current activities and proposals for future programs. Balanced Budget Policy Section 7.130 of the District’s Charter requires a balanced budget be submitted to The Board for approval. In no event shall the total amount of proposed expenditures for the budget year from any fund exceed the estimated revenues to be actually received plus any unencumbered balance or less any deficit estimated for the beginning of the budget year. The Annual Budget must be balanced. All funds, Department operations and services, supported by the financial resources of the District, must function within the limits of these resources identified or available specifically to them. A balance must be struck between revenues and expenditures so that the public can realize the benefits of a strong and stable utility. By law, budgets cannot exceed available resources, defined as revenues generated in the current period added to balances carried forward from prior years. Pursuant to the Metropolitan St. Louis Sewer District Charter, Section 7.130, not later than the fifteenth day of March in each year, the Executive Director will submit to The Board a budget for the ensuing fiscal year, an explanatory budget message, and a general appropriation ordinance conforming with such budget. The budget shall provide a financial plan for the budget year for all District and subdistrict funds. Operating Budget Policies Historical levels of funding and expenditures shall be included in the budget to provide comparisons. Financial forecasting of future requirements shall be included to provide estimates of future financial and operating conditions. Whenever approved by The Board, the Executive Director may transfer any unencumbered appropriation balances or portions from one classification of expenditure to another. Per Section 7.160 of the Charter, at any time during the budget year, upon recommendation of the Executive Director, The Board may, by ordinance, make supplementary appropriations if (1) the Executive Director estimates that such appropriations will not result in a deficit at the end of the budget, or (2) The Board shall adopt an ordinance or ordinances consistent with the requirements in Section 7.140 providing additional revenues and the Executive Director estimates that the amount to be actually received there from during the budget year will equal or exceed the amount of such supplementary appropriations. 8
BUDGET & FINANCIAL POLICIES (continued) Operating Budget Policies (continued) The District will maintain a budgetary control system to ensure adherence to the budget and will prepare regular reports comparing actual revenues and expenditures to budgeted amounts. Basis of Budgeting The Metropolitan St. Louis Sewer District is legally required to prepare its annual budget utilizing the modified accrual method of accounting. Modified accrual accounting is the process of formally recording encumbrances in the ledger as reductions to the budgetary accounts to ensure that total actual expenditures plus related commitments do not exceed appropriations. The funds and accounts of the District are maintained on the modified accrual method to demonstrate compliance with finance related legal and contractual provisions. Revenues are recognized when they are obligated to the District (for example, Wastewater User Charges are recognized as revenue when bills are produced). Appropriations lapse at year-end only to the extent of the unencumbered balances. Open encumbrances at year end are reviewed and closed, if not associated with a specific contract, service or vendor. Revenue Policies The District will seek to maintain a diversified and stable revenue system to minimize short-run fluctuations in any one revenue source. The District will follow an aggressive policy of collecting revenues. The District will establish wastewater user charges and stormwater user charges, fees and tax rates at a level related to the full cost (operating, direct, indirect and capital) of providing the service. Voter approval is required to implement tax rate increases. The District will review wastewater fees and stormwater user charges, and fees annually to determine if the revenues support the cost of the service. Rate increases to generate needed revenues are required, per Charter Section 7.040, to be submitted to the District’s Rate Commission for review and recommendation to The Board. The major revenue sources of the District include Wastewater User Charges, Stormwater User Charges, Taxes, Revenue Bonds, Grant Income, Investment Income and Connection Fees. 9
BUDGET & FINANCIAL POLICIES (continued) Investment Policies The District will maximize the return on all cash available for investment without sacrifice of safety or necessary liquidity. The Secretary-Treasurer will develop and maintain a comprehensive, well-documented investment reporting system. This system will provide The Board with appropriate investment performance information. Debt Policies The Board shall authorize and approve all debt issued for the purpose of financing portions of the District’s Capital Improvement and Replacement Program (CIRP) as well as debt that may be issued for the purpose of refunding any outstanding District debt. The District will confine long-term borrowing to finance authorized capital improvement projects or to refund, on a current or advanced basis, outstanding debt obligations. The District may issue long-term debt (general obligation or revenue bonds) where it is deemed that capital improvements should not be financed from current revenues. Long-term borrowing will not be used to finance current operations or normal maintenance. Long-term debt will be self-supporting and structured such that the weighted average maturity of the debt does not exceed the expected useful life of the capital project. The District may issue (1) general obligation bonds to finance capital improvement projects that result in community-wide benefits (2) revenue bonds to finance capital improvement projects serviced from the net revenues from a particular enterprise, such as sewer service. Issuance of general obligation bonds requires 57% approval of those voting at primary and general elections and a 67% approval at other elections. Issuance of revenue bonds requires simple majority approval of those voting. No general obligation bonds shall be issued in an amount, which together with existing indebtedness of the District or a subdistrict exceeds in the aggregate 5% of the value of all taxable tangible property in the District and its subdistricts. Any general obligation bonds issued under the District charter shall mature over a period not exceeding 20 years from the date contracted. For the purpose of refunding, extending, or unifying the whole or any part of its valid bonded indebtedness, the District may issue refunding bonds not exceeding the principal amount of the outstanding indebtedness to be refunded and the accrued interest to the date of such refunding bonds. 10
BUDGET & FINANCIAL POLICIES (continued) Debt Policies (continued) Short-term borrowing may be utilized as authorized by District Charter, Section 3.020(13), for the temporary funding of capital projects or for operational cash flow deficits subject to the following policies: District may issue short-term debt when there is a defined and adequate repayment source. Lines of Credit may be considered as an alternative to other short-term borrowing options if it is determined to be more cost-effective. Other short-term debt, including commercial paper notes, may be used when it provides an interest rate advantage or as interim financing until market conditions are more favorable for long-term debt issuance. Per Charter Section 3.020, the District may use short-term debt to provide for the borrowing of money in anticipation of the collection of taxes and revenues for the fiscal year. The amount of such loans shall at no time exceed 90% of the estimated collectible taxes and revenues for the year yet uncollected. Reserve Policies The operating reserve is a balance maintained in the General Fund, Construction Funds and Special Funds combined to accommodate fluctuations in annual revenues and expenditures. The District currently maintains a minimum fund balance of 60 days or 16.4% of the next year’s annual operating expenditures for working capital. The District will maintain a Stormwater Emergency Fund with a minimum balance of $250,000 and a Wastewater Emergency Fund with a minimum balance of $500,000. The District will maintain a Wastewater Backup Insurance and Reimbursement Fund with a minimum balance of $1 million dollars. The District will maintain a Workers’ Compensation Fund with a minimum balance of $200,000 dollars. Funds will be reserved to comply with the terms and conditions of the debt instruments used to finance capital improvement projects. Property taxes levied by the District and other revenue received for construction, operations and maintenance in particular taxing subdistricts will be reserved for that use. 11
BUDGET & FINANCIAL POLICIES (continued) Capital Improvement and Replacement Policies The District shall prepare a long-term plan for wastewater infrastructure projects to relieve backup complaints and/or for the correction of identified sanitary sewer capacity inadequacies and deficiencies and/or for the correction of bypasses and overflows. This plan shall include stormwater projects to prevent flooding and erosion threatening homes and property. This plan shall be used to develop a five year CIRP and make all capital improvements accordingly. This five year plan shall be updated annually. The Board adopts the CIRP as a planning document, but does not appropriate the identified multi-year expenditures. These expenditures are legally authorized during the year at the time a fixed contract is awarded. The District will maintain its physical assets at a level adequate to protect the District's capital investment and to minimize future maintenance and replacement costs. Financial and Accounting Policies An independent audit shall be made of all accounts of the District at least annually by a certified public accounting firm that shall be engaged by The Board. Monthly financial reports will be submitted to The Board and District Staff. District financial information will be available through monthly financial statements, the Comprehensive Annual Financial Report (CAFR) and Annual Budget. The District will produce annual financial reports in accordance with Generally Accepted Accounting Principles (GAAP) as outlined by the Governmental Accounting Standards Board (GASB). 12
BUDGET & FINANCIAL POLICIES (continued) Basis of Accounting The CAFR shows the status of the District’s finances on the basis of GAAP. In most cases, this conforms to the way the District prepares its budget. Exceptions are as follows: 1. Principal payments on long-term debt within the Enterprise Funds are applied to the outstanding liability on a GAAP basis, as opposed to being expended on a budget basis. 2. Capital Outlay within the Enterprise Funds are recorded as assets on a GAAP basis and expended on a budget basis. 3. Depreciation expense is recorded on a GAAP basis only. Financial Structure The District’s financial structure is organized on the basis of funds, each of which is considered a separate accounting entity with fund specific balancing accounts that comprise its assets, liabilities, fund balances, revenues and expenditures. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. Governmental funds are those through which most governmental functions are financed. The acquisition, use, and balances of the District’s expendable financial resources and the related liabilities are accounted for through governmental funds. The measurement focus is on the determination of changes in financial position rather than upon net income. The following fund types are used by the District: General Fund The General Fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund. The General Fund consists of eleven operating departments: 1. Board of Trustees 2. Rate Commission 3. Civil Service Commission 4. Secretary-Treasurer 5. Executive Director 6. General Counsel 7. Human Resources 8. Finance 9. Information Systems 10. Engineering 11. Operations 13
BUDGET & FINANCIAL POLICIES (continued) Revenue Funds The Revenue Funds account for all wastewater and stormwater user charges billed to customers. User Charge proceeds are recorded in the Revenue Funds and allocated to the various other funds to cover operation and maintenance costs and capital improvement expenditures. Operation, Maintenance and Construction Improvement Funds (OMCI) These funds account for the proceeds from tax levies in the various subdistricts. These are primarily stormwater dedicated subdistrict assessments which fund projects, stormwater operations and maintenance specific to each subdistrict’s geographic area. There are currently 23 subdistricts either collecting, using or holding tax revenue balances. Construction Funds The Construction Funds are established to receive and disburse proceeds from revenue sources and restricted for construction of improvements to sewerage and drainage collection systems and treatment facilities. The District has two construction funds that support the majority of the CIRP: 1) the Sanitary Replacement Fund and, 2) the Stormwater Replacement Fund. Use of these funds is dedicated to sanitary and stormwater projects, respectively. Debt Service Funds The Debt Service Funds are established for bond issues sold by the District. These funds provide for the accounting of receipt and disbursement of monies designated for payment of principal and interest and redemption of outstanding bond issues. A distinct fund is established for each of the District’s bond issues. Special Funds The Special Funds are established to account for specific revenues that are legally restricted to expenditures for particular purposes. The District’s current Special Funds consist of the following: 1. Improvement Fund – to account for the cost of any improvements and special tax bills issued for any improvement. 2. Water Backup Insurance and Reimbursement Fund – to account for customer water backup insurance claims resulting from over charged lines or blocked mains. 3. Workers’ Compensation Fund – to be used to pay the cost of workers’ compensation claims and all related expenses. 4. Two Emergency Funds – to account for monies needed to address Wastewater and Stormwater emergencies. Such emergencies require immediate District response. Examples are sewer repairs and replacements to immediately address severe disruption in the operations and maintenance of the District, weather related disruption of District operations, and other disruptions of District services caused by dramatic unforeseen events. 14
BUDGET PROCESS FY15 The District’s Strategic Business and Operating Plan (SBOP) is the key to the development of the Annual Budget. The SBOP process begins in July when all Departments are given the opportunity to reassess goals, strategies and objectives and the means for accomplishing them. The budget serves as the tool to communicate the District’s long-term plans and policies to the public, details the costs of services and programs and becomes the plan to accomplish the District’s goals and objectives during the next fiscal year. The budget process begins in early October with the projection of revenues (wastewater and stormwater user charges, investment & other income). District-wide imperatives and budgetary parameters are established by Executive Management and The Board of Trustees (“The Board”). The imperatives for this fiscal year include: IMPERATIVES FOR FY15 STRATEGIC BUSINESS PLAN STRATEGY OBJECTIVE District wastewater expenses are to be budgeted no higher than the November 2011 Rate Commission Report. 2 3 Stormwater program solely based on taxes and flat rate charge. 5 1 Execution of CIRP within the total four year parameter of the November 2011 Rate Commission Report. 2 3 Fund Information Technology long range infrastructure plan. 3 5 Meet all requirements and deadlines of the Consent Decree. 3 and 4 1 and 2 Meet requirements of Disparity Study, Community Benefits Agreement and overall Diversity Program. 1 3 Continue emphasis on employee and leadership development and cultural change. 6 2 Budget anticipated costs associated with the customer billing contract ending in May 2014. 3 3 Budget appropriate costs associated with preliminary work on a document management system for the District. 3 5 Department Directors and Managers begin budget development by providing an updated expenditure forecast for the remainder of FY14. A two step, zero-based budgeting method is used to develop the FY15 budget. This method requires written justification as to need and purpose for all expenditures. The first step is the preparation of a base budget that reflects the ongoing day-to-day operations of each Department. The second step is the preparation of an incremental budget, which reflects costs associated with initiatives outlined in the SBOP. Throughout the budget development process, departmental staff is required to evaluate programs and identify possible changes in services and staff positions. The Department Directors forward their proposed base budgets to the Director of Finance for analysis. Cost benefit business cases to support incremental budgets are submitted to the Executive Director for review. The base budgets and requests for incremental funding are then compiled and further analyzed to ensure the preliminary budget meets the District’s needs, priorities, goals and objectives without exceeding forecasted resources. Any unresolved issues are presented to the Executive Director for a final decision. The recommended budget reductions and adjustments are then incorporated. Per Charter a preliminary budget is delivered to the Board of Trustees (“The Board”) for review by March 15th. A series of budget presentations are given to The Board’s Finance Committee to allow for more in-depth review by the Trustees. 15
BUDGET PROCESS FY15-continued The Board’s recommended budget adjustments are then incorporated into a final budget document. A proposed financial plan and an Executive Summary of the budget are communicated to the general public in the form of a public hearing. The public hearing is advertised in the newspapers at least three weeks before the scheduled hearing in order to allow sufficient time for the public to review and ask questions. The Board is then required to adopt the budget, tax and rate ordinances (if applicable) consistent with the District’s Charter and state law. The District’s fiscal year begins on July 1st. Departments are accountable for budgetary control throughout the fiscal year. Expenditure patterns are examined and compared to budget plans with variances reported. Responses to significant variances are required quarterly from each Department and reviewed by the Director of Finance. Budget status is reviewed with senior staff monthly, and is reported quarterly to The Board at its monthly Finance Committee meeting. The Director of Finance reviews the District’s monthly financial statements and budget variance report ensuring the District’s actual revenue is sufficient to support budgeted expenditures. Forecasted expenses are also compared to budget. The District’s operating budget is adopted at the Department level as detailed in the District’s Budget Ordinance. Any transfers between Funds require Board approval. Budget transfers are made on an as-needed basis. Expenditures for the Capital Improvement and Replacement Program (“CIRP”) are presented on an appropriated basis as opposed to a cash flow basis. Governmental accounting procedures require an adequate budget to pay for an entire contract to be available and appropriated in the period in which a contract is entered. All outstanding CIRP encumbrances remain open until a project is completed. A budget is developed for both revenues and expenses: 1. Revenue expectations are developed from trend analysis, incorporating upcoming rate increases and significant economic and policy factors. FY15 Total Revenue: (shown in million $) Wastewater User Charges: $278.0 Stormwater User Charges: 1.2 Revenue Bonds: 166.9 Taxes: 24.0 Investment and Other Income: 24.8 Use of Fund Balances: 60.1 TOTAL DISTRICT REVENUE: $555.0 2. Operating Expenses are developed using a zero based budgeting method with written justification for all expenditures. The CIRP is developed by the District’s Engineering Department based on the revenues forecasted for the coming year. Projects prioritized for the coming year are outlined in a supplemental report in conjunction with the Operating Budget. Debt service for the District’s existing and forecasted use of bonds is developed by the District’s Secretary-Treasurer’s Department and incorporated into the Operating Budget. FY15 Total Expense: (shown in million $) Operating Budget: $204.1 CIRP: 284.2 Debt Service: 66.7 TOTAL DISTRICT EXPENSES: $555.0 16
Wastewater Revenue Fund$279,327,262GENERAL FUND$178,772,470$28,471,700SANITARY REPLACEMENT FUND$250,000WASTEWATER EMERGENCY FUND$3,650,000WATER BACK-UP INSUR. & REIMB. FUND$66,713,092DEBT SERVICE FUNDMSD Flow of User Charges FY15$944,996DISTRICTWIDE STORMWATER FUND$250,000STORMWATER EMERGENCY FUNDStormwater Revenue Fund$1,194,996$1,470,000WORKERS’ COMPENSATION FUND17
CapitalOperations Debt Improvement & TOTALService ReplacementProgramWastewater User Charges$182.5$66.8$28.7$278.0Stormwater User Charges1.00.00.21.2Revenue Bonds0.013.9153.0166.9Taxes15.20.08.824.0Investment Income & Other6.10.218.524.8 * Anticipated Grants0.00.00.00.0Fund Balances(0.7)(14.2)75.060.1TOTAL$204.1$66.7$284.2$555.0Note: Includes $16.2 million of Interfund Revenue for Stormwater services, see page 26 for details.Sources of FundingFiscal Year 2015($s in millions)18
FY15 SOURCES OF FUNDING USER CHARGES The District has two types of user charges, a wastewater user charge and a stormwater user charge. All user charge revenue is recorded in the associated Revenue Fund. A portion of the revenue is transferred to the General Fund to cover daily operating, maintenance and replacement costs; a portion is allocated to the Water Backup Insurance and Reimbursement Fund to provide assistance to homeowners with damages resulting from blocked main and basement backups, another portion is transferred to the Workers’ Compensation Fund to cover claim and related expenses resulting from injuries to District employees while on the job, and a portion is allocated to the Debt Service Funds to retire outstanding bonds issued for capital improvements. The remainder of the revenue is transferred to the Capital Improvement and Replacement Funds for construction projects and emergencies. A chart detailing the flow of funds is also included in the preceding pages of the Budget Summary section. Wastewater: Residential customers with metered water service will pay a billing and collection charge, a system availability charge and a volume charge based on the most recent winter quarter water usage. Unmetered customers will pay the same charges with the exception of a volume charge. Unmetered volume is based on housing attributes such as the number of rooms and plumbing fixtures. Non-residential customers will pay the same charges plus an additional compliance charge. Some non-residential customers will pay extra strength surcharges for the treatment of wastewater containing suspended solids, biochemical oxygen demand or chemical oxygen demand exceeding normal wastewater strengths. The Wastewater User Charge revenue for FY15 is estimated at $279.3 million. Stormwater: Residential and commercial customers will pay a flat per month stormwater service charge that appears on each customer’s bill. The estimated stormwater revenue for FY15 is $1.2 million. Other User Charges: Other User Charge revenue such as Late Fees, Lien Interest, Refunds and Account Adjustments are estimated to be ($1.3 million). This amount is net of a provision to recognize delinquent customer bills. TOTAL REVENUE: The District’s total FY15 User Charge revenue is estimated to be $279.2 million. 19
FY15 SOURCES OF FUNDING-continued The District also provides a low income assistance program. Those customers who are eligible will receive a low income credit equal to 50% of their sewer service charge bill. A composite schedule of the budgeted Wastewater and Stormwater user charge revenue by customer class can be found in the pages of the Revenue Funds Section. More detailed schedules can be found in the Revenue Funds section. REVENUE BONDS The District plans to issue approximately $166.9 million in bonds in FY15 to be used for capital improvement projects. Prior to a November 2000 Charter change, the District was unable to issue revenue bonds as a source of funding its Capital Improvement and Replacement Program (“CIRP”). Almost all of the District’s capital expenditures were funded from annual cash flow, known as Pay-As-You-Go (PAYGO) funding. Continuation of a PAYGO approach as the District’s sole funding option would have required significant rate increases to generate the necessary annual capital funding. PAYGO is the lowest cost funding source due to it’s avoidance of the financing and interest costs associated with long term debt. The primary negatives associated with PAYGO funding include: 1) the short-term impact on customer rates, and 2) the mismatch between the cost and benefit of the District’s capital infrastructure to the users. In the case of capital projects that have a long life expectancy, PAYGO funding causes today’s customers to pay for an asset that will be used by tomorrow’s customers for many years. Financing a portion of the capital program with bonds is an excellent way to distribute the cost of long-term assets to the future customers who will benefit from the use of the assets and lessen the impact of short-term rate increases. It is typically considered good public policy to allocate a portion of the cost of long-term assets to future users by the use of debt. At the same time, prudent fiscal policy would not allow 100% debt financing. The goal is to strike the correct balance between the distribution of the cost of long-term assets to the users that benefit from them and maintaining healthy financial ratios. AD VALOREM TAXES During FY15 all taxpayers within the District’s boundaries will be assessed a $0.02 (two cents) per $100 of assessed valuation tax levy to pay primarily for stormwater services required by State and Federal regulations. All taxpayers within the District’s original boundaries will also be assessed a $0.06 (six cents) per $100 of assessed valuation tax levy to pay for the District’s stormwater operation and maintenance costs. This tax revenue of approximately $15.2 million is recorded in the General Fund of the District. 20
FY15 SOURCES OF FUNDING-continued Property tax rates will also be assessed for twelve (12) taxing subdistricts within the District’s boundaries. All subdistrict taxes collected within these boundaries are held in the Operation, Maintenance and Construction Improvement (OMCI) fund balances and must be used primarily for stormwater capital improvements and stormwater operating expenses within the specific subdistrict boundaries in which the taxes of an estimated $8.8 million are collected. INVESTMENT INCOME & OTHER FEES Investment Income and Other Fees will fund $24.8 million of the Budget. $16.2 million in Stormwater Interfund Revenue from OMCI funds will purchase services from the General Fund. Investment Income of approximately $1.9 million, based on an investment return of 0.25% is assumed on all beginning fund balances. $683 thousand is expected to be generated from connection fees that are based on a flat rate per connection to the sanitary system. These revenue estimates are based on previous experience, current economic conditions and anticipated new home construction. Rental income is expected to generate $153 thousand. Permit, Plan Review and other engineering fees are projected to be $3.4 million. Miscellaneous Income of approximately $2.3 million is expected, comprised of $2.0 million in refunds of court costs and attorney fees and $300 thousand from multiple other sources including sale of fixed assets and scrap and reimbursement of District costs. GRANT INCOME No grant income is anticipated during the 2015 fiscal year. In the past, large Federal grants were available to help defray the cost of major clean water projects. Currently, however, the Federal government has decided to leave the funding of these projects to the local users of the system. The District will continue to aggressively pursue all possible grant opportunities. FUND BALANCES These sources of funding will result in a fund balance decrease of $60.1 million during FY15. 21
DEPARTMENT#$Secretary - Treasurer7710,093$ Executive Director5614,723 General Counsel7863,146 Human Resources28 3,533,099 Finance68 4,977,690 Information Systems43 4,768,948 Engineering235 22,461,085 Operations59450,891,236 Total Available Positions98788,820,019$ Note: Dollars include salary, FICA, insurance and pensionMetropolitan St. Louis Sewer DistrictFY15 ALLOCATED POSITIONS FY1522
TYPE OF PROJECTNUMBER OF PROJECTSPROJECT COST CONSTRUCTIONStormwater Construction25$ 6,538,000 Wastewater Construction68 181,742,000 Wastewater Engineering91 66,548,000 TOTAL:184$ 254,828,000 CONTINUEDStormwater Continued1$ 180,000 Wastewater Continued8 28,600,000 TOTAL:9$ 28,780,000 TOTAL CIRP:193$ 283,608,000 Non-Stormwater/Wastewater1 $ 560,000 GRAND TOTAL194$ 284,168,000 CAPITAL IMPROVEMENT AND REPLACEMENT PROGRAM SUMMARY - FY15METROPOLITAN ST. LOUIS SEWER DISTRICT23
METROPOLITAN ST. LOUIS SEWER DISTRICTCHANGES IN TOTAL FUND BALANCECONSOLIDATED STATEMENT OF CHANGES IN FUND BALANCEActual Actual Budget Forecast Budget Projected ProjectedFY2012 FY2013 FY2014 FY2014 FY2015 FY2016 FY2017FUND BALANCE B.O.P.144,521,951$ 180,950,064$ 303,246,108$ 321,300,102$ 398,411,484$ 338,389,269$ 306,593,198$ Revenues: Revenue Bonds 92,243,093$ 225,000,000$ 125,000,000$ 227,912,817$ 166,905,402$ 217,091,647$ 131,849,633$ SW Interfund Revenue13,407,285 13,410,992 15,832,420 15,768,465 16,192,860 16,516,728 16,847,060 Wastewater User Charges219,416,210 234,641,793 259,716,175 253,539,213 277,979,262 313,643,491 313,658,491 Stormwater User Charges1,349,371 1,338,273 1,192,490 1,303,638 1,194,996 1,194,996 1,194,996 Taxes24,604,171 26,014,888 24,100,197 23,310,508 24,032,843 24,032,843 24,032,843 Interest on Investments2,863,733 1,775,390 806,049 2,295,509 1,938,648 1,581,084 1,462,620 Grant Income5,795 - - 955,600 - - - Connection and Other Fees2,352,747 2,283,072 1,909,000 4,192,389 4,113,000 2,863,000 2,863,000 Proceeds from Sale of Property82,464 269,073 100,000 191,166 100,000 100,000 100,000 Rental Income294,466 293,034 340,000 325,540 152,500 152,500 152,500 Miscellaneous2,566,968 3,225,615 4,289,160 3,543,926 2,326,000 2,326,000 2,326,000 Total Revenues359,186,303$ 508,252,130$ 433,285,491$ 533,338,770$ 494,935,511$ 579,502,289$ 494,487,143$ Expenditures: Personnel Services87,148,396$ 91,939,437$ 96,457,463$ 96,005,793$ 99,346,705$ 102,050,199$ 104,768,717$ Supplies15,297,804 11,811,716 15,278,736 15,548,179 18,101,305 19,216,503 19,792,894 Utilities12,612,858 14,533,558 15,256,386 15,181,563 16,191,992 16,963,202 17,853,576 Contractual Services32,058,810 33,829,938 42,553,752 42,394,117 50,434,261 49,257,028 49,277,713 Capital Outlay1,935,288 4,683,798 2,974,795 3,058,047 3,771,640 4,037,544 4,136,441 Stormwater O&M Expense13,407,287 13,410,993 15,832,420 15,768,465 16,192,860 16,516,728 16,847,060 Construction and Engineering123,201,075 177,591,365 247,647,000 212,019,645 284,168,000 318,860,500 270,041,084 Principal Payments19,551,825 21,857,996 19,150,160 19,151,751 20,283,765 29,579,359 34,949,873 Interest Payments21,303,778 29,586,439 37,247,885 35,507,253 44,301,433 52,507,824 59,702,914 Other(3,758,930) (31,343,149) 1,100,000 1,592,576 2,165,764 2,309,474 2,407,678 Total Expenditures322,758,190$ 367,902,092$ 493,498,598$ 456,227,389$ 554,957,726$ 611,298,360$ 579,777,949$ Net Operating Income (Loss)36,428,113$ 140,350,038$ (60,213,107)$ 77,111,381$ (60,022,215)$ (31,796,071)$ (85,290,806)$ O & M Allocation from Other Funds138,911,700 148,889,819 164,920,175 157,656,598 178,772,470 183,000,000 178,000,000O & M Allocation to General Fund(138,911,700) (148,889,819) (164,920,175) (157,656,598) (178,772,470) (183,000,000) (178,000,000)Interfund Transfers-$ -$ -$ -$ -$ -$ -$ Increase (Decrease) in Fund Bal.36,428,113$ 140,350,038$ (60,213,107)$ 77,111,381$ (60,022,215)$ (31,796,071)$ (85,290,806)$ Percentage of Change 25%78%-20%24%-15%-9%-28%FUND BALANCE E.O.P.180,950,064$ 321,300,102$ 243,033,001$ 398,411,483$ 338,389,269$ 306,593,198$ 221,302,392$ 24
METROPOLITAN ST. LOUIS SEWER DISTRICTCHANGES IN INDIVIDUAL FUND BALANCESCONSOLIDATED STATEMENT OF CHANGE IN FUND BALANCEFOR FY2015 BUDGETOPER. MAINT. &DEBTGENERAL REVENUE CONST. IMPR CONSTRUCTION SERVICE SPECIAL WBUFY2015FUNDFUNDS FUNDS FUNDS FUNDS FUNDSFUNDTOTALFUND BALANCE B.O.P.20,226,240$ -$ 60,878,566$ 240,535,937$ 60,787,654$ 11,327,732$ 4,655,355$ 398,411,484$ Revenues: Revenue Bonds -$ -$ -$ 152,994,710$ 13,910,692$ -$ -$ 166,905,402 SW Interfund Revenue16,192,860 - - - - - - 16,192,860 Wastewater User Charges(1,348,000) 279,327,262 - - - - - 277,979,262 Stormwater User Charges- 1,194,996 - - - - - 1,194,996 Taxes15,255,044 - 8,777,799 - - - - 24,032,843 Interest on Investments104,568 - 302,232 1,216,992 231,960 53,508 29,388 1,938,648 Grant Income- - - - - - - - Connection and Other Fees3,430,000 - - - - 683,000 - 4,113,000 Proceeds from Sale of Property100,000 - - - - - - 100,000 Rental Income152,500 - - - - - - 152,500 Miscellaneous2,326,000 - - - - - - 2,326,000 Total Revenues36,212,972$ 280,522,258$ 9,080,031$ 154,211,702$ 14,142,652$ 736,508$ 29,388$ 494,935,511$ Expenditures: Personnel Services98,716,705$ -$ -$ -$ -$ 630,000$ -$ 99,346,705$ Supplies18,101,305 - - - - - - 18,101,305 Utilities16,191,992 - - - - - - 16,191,992 Contractual Services45,998,021 - - - - 835,992 3,600,248 50,434,261 Capital Outlay3,771,640 - - - - - - 3,771,640 Stormwater O&M Expense- - 16,192,860 - - - - 16,192,860 Construction and Engineering17,590,000 - 7,268,000 258,210,000 - 1,100,000 - 284,168,000 Principal Payments31,565 - - - 20,252,200 - - 20,283,765 Interest Payments4,357 - - - 44,297,076 - - 44,301,433 Other2,000 - - - 2,163,764 - - 2,165,764 Total Expenditures200,407,586$ -$ 23,460,860$ 258,210,000$ 66,713,040$ 2,565,992$ 3,600,248$ 554,957,726$ Net Operating Income (Loss)(164,194,614)$ 280,522,258$ (14,380,829)$ (103,998,298)$ (52,570,388)$ (1,829,484)$ (3,570,860)$ (60,022,215)$ O & M Allocation from Other Funds178,772,470 - - - - - - 178,772,470 O & M Allocation to General Fund- (178,772,470) - - - - - (178,772,470) Interfund Transfers(15,255,043)$ (101,749,788)$ 16,200,040$ 28,471,700$ 66,713,091$ 1,970,000$ 3,650,000$ -$ Increase (Decrease) in Fund Bal.(677,187)$ -$ 1,819,211$ (75,526,598)$ 14,142,703$ 140,516$ 79,140$ (60,022,215)$ Percentage of Change -3%0%3%-31%23%1%2%FUND BALANCE E.O.P.19,549,053$ -$ 62,697,777$ 165,009,339$ 74,930,357$ 11,468,248$ 4,734,495$ 338,389,269$ 25
OMCI Sanitary TotalOMCI Stormwater Total TotalGeneral Debt Special (Wastewater) ConstructionWastewater(Stormwater) Districtwide Maintenance Stormwater Stormwater StormwaterDistrict Fund Funds Funds Funds FundsBudgetFunds Stormwater & Operations Emergency Replacement Budget BudgetBeginning Fund Balance 20,226 60,788$ 14,768$ 2,214$ 238,470$ 336,466$ 37,448$ 4,789$ 16,428$ 1,215$ 2,066$ 61,946$ 398,412$ Revenues:WW User Charges(1,348)$ -$ -$ -$ -$ (1,348)$ -$ -$ -$ -$ -$ -$ (1,348)$ SW User Charges- - - - - - - - - - - - - Taxes15,255 - - - - 15,255 8,778 - - - - 8,778 24,033 Interfund Revenue16,193 - - - - 16,193 - - - - - - 16,193 Bonds- 13,910 - - 152,995 166,905 - - - - - - 166,905 Other6,113 232 758 11 1,207 8,321 203 35 53 8 10 309 8,630 Total Revenues 36,213$ 14,142$ 758$ 11$ 154,202$ 205,326$ 8,981$ 35$ 53$ 8$ 10$ 9,087$ 214,413$ Expenses:Personnel Services98,717$ -$ 630$ -$ -$ 99,347$ -$ -$ -$ -$ -$ -$ 99,347$ Supplies18,101 - - - - 18,101 - - - - - - 18,101 Utilities16,192 - - - - 16,192 - - - - - - 16,192 Contractual Services45,998 - 4,436 - - 50,434 - - - - - - 50,434 Capital3,772 - - - - 3,772 - - - - - - 3,772 SW Expense- - - - - - 3,045.00 6,468 6,680 - - 16,193 16,193 Construction17,590 - 850 - 258,210 276,650 7,268 - - 250 - 7,518 284,168 Principal & Interest36 64,549 - - - 64,585 - - - - - - 64,585 Other2 2,164 - - - 2,166 - - - - - - 2,166 Total Expenses 200,408$ 66,713$ 5,916$ -$ 258,210$ 531,247$ 10,313$ 6,468$ 6,680$ 250$ -$ 23,711$ 554,958$ Interfund Transfer163,517 66,713 5,370 - 28,472 264,072 0 5,980 10,220 250 - 16,450 280,522 Fund Increase/(Decrease)(678)$ 14,142$ 212$ 11$ (75,536)$ (61,849)$ (1,332)$ (453)$ 3,593$ 8$ 10$ 1,826$ (60,023)$ Ending Fund Balance19,548$ 74,930$ 14,980$ 2,225$ 162,934$ 274,617$ 36,116$ 4,336$ 20,021$ 1,223$ 2,076$ 63,772$ 338,389$ Note: The arrows represent the use of interfund transactions between the Wastewater Budget and the Stormwater Budget for the Stormwater Program.METROPOLITAN ST. LOUIS SEWER DISTRICT SEGMENTATION RECONCILIATION FOR FY15 BUDGET($s in thousands)Wastewater Budget Stormwater Budget26
OMCI Sanitary TotalOMCI Stormwater Total TotalGeneral Debt Special (Wastewater) ConstructionWastewater(Stormwater) Districtwide Maintenance Stormwater Stormwater StormwaterDistrict Fund Funds Funds Funds FundsBudgetFunds Stormwater & Operations Emergency Replacement Budget BudgetBeginning Fund Balance 19,548 74,930 14,980 2,225 162,934 274,617$ 36,116 4,336 20,021 1,223 2,076 63,772$ 338,389$ Revenues:WW User Charges(1,735)$ -$ -$ -$ -$ (1,735)$ -$ -$ -$ -$ -$ -$ (1,735)$ SW User Charges- - - - - - - - - - - - - Taxes15,255 - - - - 15,255 8,778 - - - - 8,778 24,033 Interfund Revenue16,517 - - - - 16,517 - - - - - - 16,517 Bonds- 31,721 - - 185,370 217,091 - - - - - - 217,091 Other4,856 310 759 11 763 6,699 202 33 71 8 10 324 7,023 Total Revenues 34,893$ 32,031$ 759$ 11$ 186,133$ 253,827$ 8,980$ 33$ 71$ 8$ 10$ 9,102$ 262,929$ Expenses:Personnel Services101,363$ -$ 687$ -$ -$ 102,050$ -$ -$ -$ -$ -$ -$ 102,050$ Supplies19,217 - - - - 19,217 - - - - - - 19,217 Utilities16,963 - - - - 16,963 - - - - - - 16,963 Contractual Services44,746 - 4,511 - - 49,257 - - - - - - 49,257 Capital4,038 - - - - 4,038 - - - - - - 4,038 SW Expense- - - - - - 3,107.00 6,597 6,813 - - 16,517 16,517 Construction17,649 - 750 - 284,054 302,453 16,158 - - 250 - 16,408 318,861 Principal & Interest36 82,051 - - - 82,087 - - - - - - 82,087 Other2 2,307 - - - 2,309 - - - - - - 2,309 Total Expenses 204,014$ 84,358$ 5,948$ -$ 284,054$ 578,374$ 19,265$ 6,597$ 6,813$ 250$ -$ 32,925$ 611,299$ Interfund Transfer169,172 84,359 5,500 - 41,093 300,124 0 5,980 10,220 250 - 16,450 316,574 Fund Increase/(Decrease)51$ 32,032$ 311$ 11$ (56,828)$ (24,423)$ (10,285)$ (584)$ 3,478$ 8$ 10$ (7,373)$ (31,796)$ Ending Fund Balance19,599$ 106,962$ 15,291$ 2,236$ 106,106$ 250,194$ 25,831$ 3,752$ 23,499$ 1,231$ 2,086$ 56,399$ 306,593$ Note: The arrows represent the use of interfund transactions between the Wastewater Budget and the Stormwater Budget for the Stormwater Program.METROPOLITAN ST. LOUIS SEWER DISTRICT SEGMENTATION RECONCILIATION FOR FY16 BUDGET($s in thousands)Wastewater Budget Stormwater Budget27
OMCI Sanitary TotalOMCI Stormwater Total TotalGeneral Debt Special (Wastewater) ConstructionWastewater(Stormwater) Districtwide Maintenance Stormwater Stormwater StormwaterDistrict Fund Funds Funds Funds FundsBudgetFunds Stormwater & Operations Emergency Replacement Budget BudgetBeginning Fund Balance 19,599 106,962 15,291 2,236 106,106 250,194$ 25,831 3,752 23,499 1,231 2,086 56,399$ 306,593$ Revenues:WW User Charges(1,720)$ -$ -$ -$ -$ (1,720)$ -$ -$ -$ -$ -$ -$ (1,720)$ SW User Charges- - - - - - - - - - - - - Taxes15,255 - - - - 15,255 8,778 - - - - 8,778 24,033 Interfund Revenue16,847 - - - - 16,847 - - - - - - 16,847 Bonds- 8,438 - - 123,411 131,849 - - - - - - 131,849 Other4,856 474 760 11 506 6,607 161 30 88 8 10 297 6,904 Total Revenues 35,238$ 8,912$ 760$ 11$ 123,917$ 168,838$ 8,939$ 30$ 88$ 8$ 10$ 9,075$ 177,913$ Expenses:Personnel Services104,020$ -$ 749$ -$ -$ 104,769$ -$ -$ -$ -$ -$ -$ 104,769$ Supplies19,793 - - - - 19,793 - - - - - - 19,793 Utilities17,854 - - - - 17,854 - - - - - - 17,854 Contractual Services44,684 - 4,593 - - 49,277 - - - - - - 49,277 Capital4,136 - - - - 4,136 - - - - - - 4,136 SW Expense- - - - - - 3,120.00 6,729 6,998 - - 16,847 16,847 Construction14,020 - 250 - 252,570 266,840 2,951 - - 250 - 3,201 270,041 Principal & Interest36 94,617 - - - 94,653 - - - - - - 94,653 Other2 2,406 - - - 2,408 - - - - - - 2,408 Total Expenses 204,545$ 97,023$ 5,592$ -$ 252,570$ 559,730$ 6,071$ 6,729$ 6,998$ 250$ -$ 20,048$ 579,778$ Interfund Transfer164,082 97,023 5,650 - 33,369 300,124 0 5,980 10,220 250 - 16,450 316,574 Fund Increase/(Decrease)(5,225)$ 8,912$ 818$ 11$ (95,284)$ (90,768)$ 2,868$ (719)$ 3,310$ 8$ 10$ 5,477$ (85,291)$ Ending Fund Balance14,374$ 115,874$ 16,109$ 2,247$ 10,822$ 159,426$ 28,699$ 3,033$ 26,809$ 1,239$ 2,096$ 61,876$ 221,302$ Note: The arrows represent the use of interfund transactions between the Wastewater Budget and the Stormwater Budget for the Stormwater Program.METROPOLITAN ST. LOUIS SEWER DISTRICT SEGMENTATION RECONCILIATION FOR FY17 BUDGET($s in thousands)Wastewater Budget Stormwater Budget28
METROPOLITAN ST. LOUIS SEWER DISTRICTInterfund Transfer Activity by FundFor FY15($s in thousands)Fund1101 - General2804 - Wastewater P&I 2004A2808 - Wastewater P&I 2006C2810 - Wastewater P&I 2008A2812 - Wastewater P&I 2010B2816 - Wastewater P&I 2011B2817 - Wastewater P&I 2012A2818 - Wastewater P&I 2013B2819 - Wastewater P&I 2013BProposed P&I Bond 13306 - Wastewater Revenue3307 - Stormwater Revenue4104 - Water Backup4105 - Workers' Compensation4122 - Wastewater Emergency4123 - Stormwater Emergency5110 - District Wide Stormwater5130 - Stormwater O&M6660 - Sanitary ReplacementNet Transfer In / (Out)1101 - General- - - - - - - - - 178,772 - - - - - (5,035) (10,220) - 163,517 2804 - Wastewater P&I 2004A- - - - - - - - - 24,604 - - - - - - - - 24,604 2808 - Wastewater P&I 2006C- - - - - - - - - 2,904 - - - - - - - - 2,904 2810 - Wastewater P&I 2008A- - - - - - - - - 1,635 - - - - - - - - 1,635 2812 - Wastewater P&I 2010B- - - - - - - - - 3,363 - - - - - - - - 3,363 2816 - Wastewater P&I 2011B- - - - - - - - - 3,881 - - - - - - - - 3,881 2817 - Wastewater P&I 2012A- - - - - - - - - 10,557 - - - - - - - - 10,557 2818 - Wastewater P&I 2012B- - - - - - - - - 8,905 - - - - - - - - 8,905 2819 - Wastewater Principal and Interest Fund 2013B- - - - - - - - - 7,115 - - - - - - - - 7,115 Proposed P&I Bond 1- - - - - - - 3,750 - - - - - - - - 3,750 3306 - Wastewater Revenue(178,772) (24,604) (2,904) (1,635) (3,363) (3,881) (10,557) (8,905) (7,115) (3,750) - (3,650) (1,470) (250) - - - (28,472) (279,327) 3307 - Stormwater Revenue- - - - - - - - - - - - - - (250) (945) - - (1,195) 4104 - Water Backup- - - - - - - - - - 3,650 - - - - - - - 3,650 4105 - Workers' Compensation- - - - - - - - - - 1,470 - - - - - - - 1,470 4122 - Wastewater Emergency- - - - - - - - - - 250 - - - - - - - 250 4123 - Stormwater Emergency- - - - - - - - - - - 250 - - - - - - 250 5110 - District Wide Stormwater5,035 - - - - - - - - - - 945 - - - - - - 5,980 5130 - Stormwater O&M10,220 - - - - - - - - - - - - - - - - - 10,220 6660 - Sanitary Replacement- - - - - - - - - - 28,472 - - - - - - - 28,472 Net Transfer (In) or Out (163,517) (24,604) (2,904) (1,635) (3,363) (3,881) (10,557) (8,905) (7,115) (3,750) 279,327 1,195 (3,650) (1,470) (250) (250) (5,980) (10,220) (28,472) - Thistable should be read with a focus on the rows. Positive numbers represent a transfer into the fund listed in the row and out of the fund listed in the column. This page provides detail of fund transfers allowing the user of this book to better understand which fund is the source and which fund is the recipient of a fund transfer. This information is presented in a summary fashion in multiple places throughout this book.29
METROPOLITAN ST. LOUIS SEWER DISTRICT Interfund Transfer Activity by FundFor FY16($s in thousands)Fund1101 - General2804 - Wastewater P&I 2004A2808 - Wastewater P&I 2006C2810 - Wastewater P&I 2008A2812 - Wastewater P&I 2010B2816 - Wastewater P&I 2011B2817 - Wastewater P&I 2012A2818 - Wastewater P&I 2012A2819 - Wastewater P&I 2013BProposed P&I Bond 13306 - Wastewater Revenue3307 - Stormwater Revenue4104 - Water Backup4105 - Workers' Compensation4122 - Wastewater Emergency4123 - Stormwater Emergency5110 - District Wide Stormwater5130 - Stormwater O&M6660 - Sanitary ReplacementNet Transfer In / (Out)1101 - General- - - - - - - - - 184,427 - - - - - (5,035) (10,220) - 169,172 2804 - Wastewater P&I 2004A- - - - - - - - - 27,736 - - - - - - - - 27,736 2808 - Wastewater P&I 2006C- - - - - - - - - 2,904 - - - - - - - - 2,904 2810 - Wastewater P&I 2008A- - - - - - - - - 1,635 - - - - - - - - 1,635 2812 - Wastewater P&I 2010B- - - - - - - - - 3,363 - - - - - - - - 3,363 2816 - Wastewater P&I 2011B- - - - - - 3,883 - - - - - - - - 3,883 2817 - Wastewater P&I 2012A- - - - - - - - - - 15,557 - - - - - - - - 15,557 2818 - Wastewater P&I 2012B- - - - - - - - - - 9,041 - - - - - - - - 9,041 2819 - Wastewater Principal and Interest Fund 2013B- - - - - - - - - - 8,115 - - - - - - - - 8,115 Proposed P&I Bond 1- - - - - - - - - 12,125 - - - - - - - - 12,125 3306 - Wastewater Revenue(184,427) (27,736) (2,904) (1,635) (3,363) (3,883) (15,557) (9,041) (8,115) (12,125) - - (3,650) (1,600) (250) - - - (41,093) (315,378) 3307 - Stormwater Revenue- - - - - - - - - - - - - - (250) (945) - - (1,195) 4104 - Water Backup- - - - - - - - - - 3,650 - - - - - - - 3,650 4105 - Workers' Compensation- - - - - - - - - - 1,600 - - - - - - - 1,600 4122 - Wastewater Emergency- - - - - - - - - - 250 - - - - - - - 250 4123 - Stormwater Emergency- - - - - - - - - - - 250 - - - - - - 250 5110 - District Wide Stormwater5,035 - - - - - - - - - - 945 - - - - - - 5,980 5130 - Stormwater O&M10,220 - - - - - - - - - - - - - - - - - 10,220 6660 - Sanitary Replacement- - - - - - - - - - 41,093 - - - - - - - 41,093 Net Transfer In or (Out) (169,172) (27,736) (2,904) (1,635) (3,363) (3,883) (15,557) (9,041) (8,115) (12,125) 315,378 1,195 (3,650) (1,600) (250) (250) (5,980) (10,220) (41,093) - Thistable should be read with a focus on the rows. Positive numbers represent a transfer into the fund listed in the row and out of the fund listed in the column. This page provides detail of fund transfers allowing the user of this book to better understand which fund is the source and which fund is the recipient of a fund transfer. This information is presented in a summary fashion in multiple places throughout this book.30
METROPOLITAN ST. LOUIS SEWER DISTRICT Interfund Transfer Activity by FundFor FY17($s in thousands)Fund1101 - General2804 - Wastewater P&I 2004A2808 - Wastewater P&I 2006C2810 - Wastewater P&I 2008A2812 - Wastewater P&I 2010B2816 - Wastewater P&I 2011B2817 - Wastewater P&I 2012A2818 - Wastewater P&I 2012A2819 - Wastewater P&I 2013BProposed P&I Bond 13306 - Wastewater Revenue3307 - Stormwater Revenue4104 - Water Backup4105 - Workers' Compensation4122 - Wastewater Emergency4123 - Stormwater Emergency5110 - District Wide Stormwater5130 - Stormwater O&M6660 - Sanitary ReplacementNet Transfer In / (Out)1101 - General- - - - - - - - - 179,337 - - - - - (5,035) (10,220) - 164,082 2804 - Wastewater P&I 2004A- - - - - - - - - - 29,440 - - - - - - - - 29,440 2808 - Wastewater P&I 2006C- - - - - - - - - 2,904 - - - - - - - - 2,904 2810 - Wastewater P&I 2008A- - - - - - - - - 1,635 - - - - - - - - 1,635 2812 - Wastewater P&I 2010B- - - - - - - - - 3,363 - - - - - - - - 3,363 2816 - Wastewater P&I 2011B- - - - - - - - - 3,861 - - - - - - - - 3,861 2817 - Wastewater P&I 2012A- - - - - - - - - - 15,657 - - - - - - - - 15,657 2818 - Wastewater P&I 2012B- - - - - - - - - - 9,193 - - - - - - - - 9,193 2819 - Wastewater Principal and Interest Fund 2013B- - - - - - - - - - 10,095 - - - - - - - - 10,095 Proposed P&I Bond 1- - - - - - - - - 20,875 - - - - - - - - 20,875 3306 - Wastewater Revenue(179,337) (29,440) (2,904) (1,635) (3,363) (3,861) (15,657) (9,193) (10,095) (20,875) - - (3,650) (1,750) (250) - - - (33,369) (315,378) 3307 - Stormwater Revenue- - - - - - - - - - - - - - (250) (945) - - (1,195) 4104 - Water Backup- - - - - - - - - - 3,650 - - - - - - - 3,650 4105 - Workers' Compensation- - - - - - - - - - 1,750 - - - - - - - 1,750 4122 - Wastewater Emergency- - - - - - - - - - 250 - - - - - - - 250 4123 - Stormwater Emergency- - - - - - - - - - - 250 - - - - - - 250 5110 - District Wide Stormwater5,035 - - - - - - - - - - 945 - - - - - - 5,980 5130 - Stormwater O&M10,220 - - - - - - - - - - - - - - - - - 10,220 6660 - Sanitary Replacement- - - - - - - - - - 33,369 - - - - - - - 33,369 Net Transfer In or (Out) (164,082) (29,440) (2,904) (1,635) (3,363) (3,861) (15,657) (9,193) (10,095) (20,875) 315,378 1,195 (3,650) (1,750) (250) (250) (5,980) (10,220) (33,369) - Thistable should be read with a focus on the rows. Positive numbers represent a transfer into the fund listed in the row and out of the fund listed in the column. This page provides detail of fund transfers allowing the user of this book to better understand which fund is the source and which fund is the recipient of a fund transfer. This information is presented in a summary fashion in multiple places throughout this book.31
Fiscal Year 2015 BUDGET32