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HomeMy Public PortalAbout12896ORDINANCE NO. 12896 AN ORDINANCE making appropriations for current expenses of the District, in the General Fund, the Real Property Improvements & Alterations Fund, the Water Backup Insurance & Reimbursement Fund, the Emergency Fund, the Wastewater Revenue Bond Service Fund and the Improvement Fund for the fiscal year beginning July 1, 2009 and ending June 30, 2010, amounting in the aggregate of One Hundred Ninety-one Million Eight Hundred Twenty- nine Thousand Seven Hundred Twenty-six dollars ($191,829,726), 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 – Wastewater Revenue Fund. The total dollars collected in the Wastewater Revenue Fund is estimated to be Two Hundred Twelve Million Two Hundred Ninety- two Thousand Four Hundred Dollars ($212,292,400) and is hereby transferred from the Wastewater Revenue Fund to the General Fund of the District for the support, operation and maintenance of several departments, Board, Civil Service Commission, the Real Property Improvements & Alterations Fund, the Water Backup Insurance & Reimbursement Fund, the Emergency Fund, the Wastewater Revenue Bond Service Fund and the Improvement Fund for other lawful activities of the District including the payment of interest and principal falling due on bonds issued for the fiscal year beginning July 1, 2009, and ending June 30, 2010. Section Two – Stormwater Revenue Fund. The total dollars collected in the Stormwater Revenue Fund is estimated to be Forty-three Million Four Hundred Ninety-six Thousand Eight Hundred Eighty Dollars ($43,496,880) and is hereby transferred from the Stormwater Revenue Fund to the General Fund of the District for the support, operation and maintenance of several departments, Board, Civil Service Commission, and the Stormwater Replacement Fund for other lawful activities of the District for the fiscal year beginning July 1, 2009, and ending June 30, 2010. Section Three – General Fund. There is hereby transferred from the Wastewater Revenue Fund the sum of One Hundred Eleven Million Nine Hundred Thirty-six Thousand Four Hundred Dollars ($111,936,400) and from the Stormwater Revenue Fund the sum of Thirty-four Million Seven Hundred Forty-six Thousand Eight Hundred Eighty Dollars ($34,746,880) to the General Fund. There is hereby appropriated and set apart out of the General Fund of the District the sum of One Hundred Fifty-six Million Six Hundred Sixty-five Thousand Seven Hundred Twenty- six Dollars ($156,665,726) 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, 2009, and ending June 30, 2010 as hereinafter detailed. Departments: 1. Board of Trustees $ 8,200 2. Rate Commission 0 3. Civil Service Commission 5,250 4. Secretary-Treasurer 1,588,401 5. Executive Director 826,658 6. General Counsel 5,118,068 7. Human Resources 10,820,039 8. Finance 17,179,561 9. Information Systems 10,704,485 10. Engineering 24,777,257 11. Operations 85,637,807 DISTRICT GENERAL FUND BUDGET TOTAL $156,665,726 Section Four – Real Property Improvements & Alterations Fund. There is hereby appropriated and set apart out of the Real Property Improvements & Alterations Fund of the District the sum of One Million Three Hundred Twenty-three Thousand Dollars ($1,323,000) for the support, operation and maintenance of the headquarters building and other facilities of the District for the fiscal year beginning July 1, 2009, and ending June 30, 2010. Section Five – Water Backup Insurance & Reimbursement Fund. For the purpose of providing water backup insurance and reimbursement for basement backups, there is hereby transferred from the Wastewater Revenue Fund the sum of Seven Million Two Hundred Thousand Dollars ($7,200,000) to the Water Backup Insurance and Reimbursement Fund. There is hereby appropriated and set apart out of the Water Backup Insurance and Reimbursement Fund the sum of Five Million Dollars ($5,000,000). Section Six – Sanitary Replacement Fund. For the purpose of meeting the costs of repairing, rehabilitating and replacing the District's Wastewater System, there is hereby transferred from the Wastewater Revenue Fund to the Sanitary Replacement Fund the sum of Sixty-two Million Three Hundred Fifty-four Thousand Dollars ($62,354,000). Section Seven – Stormwater Replacement Fund. For the purpose of meeting the costs of repairing, rehabilitating and replacing the District’s Stormwater System, there is hereby transferred from the Stormwater Revenue Fund to the Stormwater Replacement Fund the sum of Eight Million Seven Hundred Fifty Thousand Dollars ($8,750,000). Section Eight – Emergency Fund. For the purpose of providing for emergency work or repairs requiring prompt attention, there is hereby transferred from the Wastewater Revenue Fund to the Emergency Fund the sum of Two Million Three Hundred Thousand Dollars ($2,300,000). There is hereby appropriated and set apart out of the Emergency Fund the sum of Two Hundred Fifty Thousand Dollars ($250,000) 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 Nine – Debt Service Funds. For the purpose of providing for the support of the Wastewater Revenue Bond Debt Service of the Metropolitan St. Louis Sewer District for the fiscal year beginning July 1, 2009 and ending June 30, 2010, there is hereby transferred from the Wastewater Revenue Fund to the Wastewater Revenue Bond Service Funds the total sum of Twenty-eight Million Five Hundred Fifty-two Thousand Dollars ($28,552,000). There is hereby appropriated and set apart out of the Wastewater Revenue Bond Service Fund Number 681 the sum of Twenty-four Million Three Hundred Thirty-one Thousand Dollars ($24,331,000) 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. There is hereby appropriated and set apart out of the Wastewater Revenue Bond Service Fund Number 683 the sum of Two Million Five Hundred Eighty-nine Thousand Dollars ($2,589,000) 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. There is hereby appropriated and set apart out of the Wastewater Revenue Bond Service Fund Number 685 the sum of One Million Six Hundred Thirty-two Thousand Dollars ($1,632,000) for principal and interest falling due on Ninety Million Dollars ($90,000,000) par value outstanding revenue bonds and banking fees relating to the debt. Section Ten – Improvement Fund. For the purpose of providing for the support of the Ozark Table Rock and the West Watson/Nanell Loan Agreement Debt Service of the Metropolitan St. Louis Sewer District for the fiscal year beginning July 1, 2009 and ending June 30, 2010, there is hereby appropriated and set apart out of the Improvement Fund the sum of Thirty- nine Thousand Dollars ($39,000) for principal and interest falling due on One Hundred Sixty-eight Thousand Dollars ($168,000) outstanding principal. DISTRICT DEBT SERVICE BUDGET TOTAL $ 28,591,000 GRAND TOTAL OF APPROPRIATIONS $191,829,726 SUMMARY OF APPROPRIATIONS FISCAL YEAR 2009 – 2010 DISTRICT OPERATING BUDGET (GENERAL FUND) $156,665,726 DISTRICT OPERATING BUDGET (REAL PROPERTY IMPROVEMENTS & ALTERATIONS FUND) 1,323,000 DISTRICT OPERATING BUDGET (WATER BACKUP FUND) 5,000,000 EMERGENCY WORK OR REPAIRS (EMERGENCY FUND) 250,000 PRINCIPAL AND INTEREST (DEBT SERVICE FUND) 28,591,000 TOTAL APPROPRIATED $191,829,726 The foregoing Ordinance was adopted June 11, 2009.