Hist and Proj Operating Receipts FY 2011 2 17 2010 - DC Water

Presented and Adopted: February 4, 2010
Subject: Approval of Fiscal Year 2011 Capital Authority Request
#10·25
RESOLUTION
OF THE
BOARD OF DIRECTORS
OF THE
DISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY
The Board of Directors, (the "Board") of the District of Columbia Water and
Sewer Authority, (the "Authority") at its meeting on February 4, 2010, upon
consideration of a joint~use matter, decided by a vote of eleven (11) in favor and
none (0) opposed, to take the following action with respect to the Fiscal Year
2011 Capital Authority request which is to be submitted to the United States
Congress.
WHEREAS, in October 2009, the Interim General Manager presented the FY
2011 Proposed Capital Authority request of $310,117,000; and
WHEREAS, on December 17, 2009 the Environmental Quality and Operations
and Retail Services Committees recommended that the Board adopt the Capital
Authority request of $310,117,000; and
WHEREAS, on December 18, 2009, the Finance and Budget Committee met
and recommended that the Board adopt the Proposed Capital Authority request
of $310,117,000; and
WHEREAS, after extensive discussion at the January 7, 2010 meeting of the
Board the Chairman of the Board remanded certain budget issues to the
Environmental Quality and Operations, Retail Services, Retail Rates and Finance
and Budget Committees (jointly referred to as the "Committees") for further
review and to give the General Manager an opportunity to analyze the budget
based on the Board discussions; and
WHEREAS, during the January 2010 meetings of the Committees, the General
Manager presented a proposed FY 2011 Capital Authority request totaling
$382,267,000 that incorporated feedback and input from the Board; and
WHEREAS, at the January meetings of the Committees a proposed FY 2011
Capital Authority request was reviewed and discussed; and
WHEREAS, the Committees recommended a proposed FY 2011 Capital
Authority request be adopted by the Board; and