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Home My Public Portal About12466 ORDINANCE NO. 12466 AN ORDINANCE, making appropriations for current expenses of the District, the Wastewater Revenue Fund, the Stormwater Revenue Fund, the General Fund, the Real Property Improvements & Alterations Fund, the Water Backup Insurance & Reimbursement Fund, the Emergency Fund, and the Wastewater Revenue Bond Service Fund for the fiscal year beginning July 1, 2007 and ending June 30, 2008, not including sums hereby set apart for and transferred to special funds, amounting in the aggregate to One Hundred Sixty-six Million Two Hundred Forty-one Thousand Eight Hundred Forty-seven Dollars ($166,241,847.00), which sum is hereby appropriated from the general and special funds named to pay interest falling due on bonds issued, the costs of support, operation, and maintenance of the District and its various Subdistricts, and emergencies. BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The remaining fund balance of the Wastewater Revenue Fund after all revenues are billed and transfers are made, which is estimated to be Eighty-eight Million Thirty-eight Thousand Five Hundred Thirty- seven Dollars ($88,038,537.00) is hereby appropriated and transferred from the Wastewater Revenue Fund to the General Fund of the District for the support, operation and maintenance of the several departments, Board, Civil Service Commission, and other lawful activities of the District for the fiscal year beginning July 1, 2007, and ending June 30, 2008. Section Two. The remaining fund balance of the Stormwater Revenue Fund after all revenues are billed and transfers are made, which is estimated to be One Million Two Hundred Forty-three Thousand Three Hundred Dollars ($1,243,300.00) is hereby appropriated and transferred from the Stormwater Revenue Fund to the General Fund of the District for the support, operation and maintenance of the several departments, Board, Civil Service Commission, and other lawful activities of the District for the fiscal year beginning July 1, 2007, and ending June 30, 2008. Section Three. There is hereby appropriated and set apart out of the General Fund of the District the sum of One Hundred Thirty Million Two Hundred Forty-three Thousand Seven Hundred Sixty-eight Dollars ($130,243,768.00) for the support, operation and maintenance of several departments, Board, Civil Service Commission, and other lawful activities of the District for the fiscal year beginning July 1, 2007, and ending June 30, 2008 as hereinafter detailed. Departments: 1. Board of Trustees $ 32,300.00 2. Rate Commission 2,300.00 3. Civil Service Commission 5,250.00 4. Secretary-Treasurer 1,402,586.00 5. Executive Director 820,856.00 6. General Counsel 1,863,555.00 7. Human Resources 9,808,936.00 8. Finance 16,240,416.00 9. Information Systems 7,561,358.00 10. Engineering 22,663,346.00 11. Operations 69,842,865.00 DISTRICT GENERAL FUND OPERATING BUDGET TOTAL $ 130,243,768.00 Section Four. There is hereby appropriated and set apart out of the Real Property Improvements & Alterations Fund of the District the sum of One Million Two Hundred Forty-one Thousand Four Hundred Seven Dollars ($1,241,407.00) for the support, operation and maintenance of the headquarters building and other facilities of the District for the fiscal year beginning July 1, 2007, and ending June 30, 2008 as hereinafter detailed. Headquarters Building $ 1,241,407.00 REAL PROPERTY IMPROVEMENTS & ALTERATIONS FUND OPERATING BUDGET TOTAL $ 1,241,407.00 Section Five. For the purpose of providing water backup insurance and reimbursement for basement backups, there is hereby appropriated and transferred from the Wastewater Revenue Fund to the Water Backup Insurance and Reimbursement Fund the sum of Five Million Dollars ($5,000,000.00). There is hereby appropriated and set apart out of the Water Backup Insurance and Reimbursement Fund the sum of Seven Million Two Hundred Dollars ($7,200,000.00) for the above stated purpose. Section Six. For the purpose of meeting the costs of repairing, rehabilitating and replacing the District's Wastewater System, there is hereby appropriated and transferred from the Wastewater Revenue Fund to the Sanitary Replacement Fund the sum of Seventy-six Million Six Hundred Twenty Thousand Six Hundred Ninety-one Dollars ($76,620,691.00). Section Seven. For the purpose of providing for emergency work or repairs requiring prompt attention there is hereby appropriated and set apart out of the Emergency Fund the sum of Two Hundred Fifty Thousand Dollars ($250,000.00) for use by the Executive Director in contracting for emergency work or repairs in accordance with the requirements of Section Three of Ordinance No. 164, as adopted November 4, 1957, as amended May 26, 1958 by Ordinance No. 199 and as amended June 3, 1961 by Ordinance No. 569. DEBT SERVICE Section Eight. For the purpose of providing for the support of the Wastewater Revenue Bond debts of the Metropolitan St. Louis Sewer District for the fiscal year beginning July 1, 2007 and ending June 30, 2008, there is hereby appropriated and transferred from the Wastewater Revenue Fund to the Wastewater Revenue Bond Service Fund the sum of Twenty-six Million Four Hundred Fifty-six Thousand Six Hundred Seventy-two Dollars ($26,456,672.00). There is hereby appropriated and set apart out of the Wastewater Revenue Bond Service Fund the sum of Twenty-six Million Five Hundred Six Thousand Six Hundred Seventy-two Dollars ($26,506,672.00) for principal and interest falling due on Five Hundred Million Dollars ($500,000,000.00) par value outstanding revenue bonds and banking fees relating to the debt. DISTRICT DEBT SERVICE BUDGET TOTAL $ 26,506,672.00 GRAND TOTAL OF APPROPRIATIONS $166,241,847.00 SUMMARY OF APPROPRIATIONS FISCAL YEAR 2007 – 2008 DISTRICT OPERATING BUDGET (GENERAL FUND) $130,243,768.00 DISTRICT OPERATING BUDGET (REAL PROPERTY IMPROVEMENTS & ALTERATIONS FUND) 1,241,407.00 DISTRICT OPERATING BUDGET (WATER BACKUP FUND) 8,000,000.00 EMERGENCY WORK OR REPAIRS (EMERGENCY FUND) 250,000.00 PRINCIPAL AND INTEREST (DEBT SERVICE FUND) 26,506,672.00 TOTAL APPROPRIATED $166,241,847.00 The foregoing Ordinance was adopted June 14, 2007.