Budget Message / Highlights - Metropolitan Water Reclamation ...

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO
2009 BUDGET
STORMWATER MANAGEMENT FUND FINANCING
2009 - 2004
BORROWINGS
ESTIMATED
ACTUAL
2009 (1) 2008 2008 2007 2006 2005 2004
Revised Original
Working Cash Loans $ 8,400,000 $ 14,400,000 $ 14,400,000 $ 3,700,000 $ 14,732,547 $ 9,930,000 $ -
Total Borrowings $ 8,400,000 $ 14,400,000 $ 14,400,000 $ 3,700,000 $ 14,732,547 $ 9,930,000 $ -
REPAYMENTS
Working Cash Loans Repaid
- Current $ 14,400,000 $ 3,700,000 $ 3,700,000 $ 14,732,547 $ 9,930,000 $ - $ -
- Prior Year - - - - - - -
Total Repayments $ 14,400,000 $ 3,700,000 $ 3,700,000 $ 14,732,547 $ 9,930,000 $ - $ -
( 1 ) FINANCING LIMITATION
(IN MILLIONS)
Property Tax Levy $ 8.8
Personal Property Replacement Tax -
$ 8.8
Borrowing Limitation * 95% * Statutory limitation is 100%
Total Available for Financing $ 8.4
STORMWATER MANAGEMENT FUND
APPROPRIABLE REVENUE 2009 - 2006
ESTIMATED ACTUAL
2009 2008 2008 2007 2006
BUDGET ADJUSTED BUDGET
REVENUE DESCRIPTION
Revenue from Property Taxes
Gross Tax Levy $ 8,849,000 $ 15,211,800 $ 15,211,800 $ 3,941,762 $ 15,507,944
Less : Allowance for Uncollectible Taxes (309,715) (532,413) (532,413) (137,962) (542,778)
Net Property Taxes $ 8,539,285 $ 14,679,387 $ 14,679,387 $ 3,803,800 $ 14,965,166
Adjustment to Match Working Cash Borrowings (139,285) (279,387) (279,387) (59,126) (233,166)
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Working Cash Financing at 95% of Gross Tax Sources $ 8,400,000 $ 14,400,000 $ 14,400,000 $ 3,744,674 $ 14,732,000
Revenue from Money and Property
Investment Income & Miscellaneous $ 984,000 $ 1,011,000 $ 1,040,000 $ 1,084,222 $ 1,035,052
Grants - - - 253,000 -
Subtotal $ 984,000 $ 1,011,000 $ 1,040,000 $ 1,337,222 $ 1,035,052
Adjustment to Net Assets Available for Projected Receipts $ - $ 1,226,740 $ - $ - $ -
Total $ 9,384,000 $ 16,637,740 $ 15,440,000 $ 5,081,896 $ 15,767,052
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