Budget Message / Highlights - Metropolitan Water Reclamation ...

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO
2009 BUDGET
RESERVE CLAIM FUND
ESTIMATED BALANCE SHEET
JANUARY 1, 2009 and 2008
ASSETS
2009 2008
AVAILABLE FOR
AVAILABLE FOR
CURRENT ASSETS AMOUNT APPROPRIATION AMOUNTAPPROPRIATION
Cash and Investments $ 59,143,341 $ 59,143,341 $ 46,956,061 $ 46,956,061
Taxes Receivable 6,923,802 6,859,359 6,390,170 6,327,939
Replacement Tax 4,328,000 4,328,000 4,450,000 4,450,000
Total Current Assets $ 70,395,143 $ 70,330,700 $ 57,796,231 $ 57,734,000
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE AND OTHER LIABILITIES $ 4,300,000 $ 4,300,000 $ 4,200,000 $ 4,200,000
ASSETS APPROPRIABLE FOR 2009 AND 2008
Net Assets Appropriable $ 66,030,700 $ 53,534,000
Equity Transfer from Capital Improvements Bond Fund - -
Estimated Revenue 1,469,300 1,966,000
Total Assets Appropriable $ 67,500,000 $ 55,500,000
FUND EQUITY $ 66,095,143 $ 53,596,231
TOTAL LIABILITIES AND FUND EQUITY $ 70,395,143 $ 57,796,231
RESERVE CLAIM FUND
APPROPRIABLE REVENUE
2009 - 2006
ESTIMATED
ACTUAL
2009 2008 2008 2007 2006
REVENUE DESCRIPTION BUDGET ADJUSTED BUDGET
Revenue from Taxes
Real Estate - Current $ 6,825,862 $ 7,011,905 $ 6,300,819 $ 5,242,031 $ 5,339,018
Real Estate - Prior 33,497 30,550 27,120 30,971 88,269
Replacement Tax 4,328,000 4,708,000 4,450,000 4,875,710 761,162
SUBTOTAL $ 11,187,359 $ 11,750,455 $ 10,777,939 $ 10,148,712 $ 6,188,449
Equity Transfer from Capital Improvements
Bond Fund $ - $ - $ - $ 8,000,000 $ -
Adjusted for Projected 2008 Receipts - - - - -
Investment Income and Miscellaneous 1,469,300 2,471,828 1,966,000 2,180,560 2,237,581
GRAND TOTAL $ 12,656,659 $ 14,222,283 $ 12,743,939 $ 20,329,272 $ 8,426,030
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