Budget Message / Highlights - Metropolitan Water Reclamation ...

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO
2009 BUDGET
11000 BOARD OF COMMISSIONERS OBJECTIVES AND PROGRAM SUMMARY
OBJECTIVES BY PRIORITY: Cost Percent
1. Establish policies and priorities to guide the Executive Director in meeting the District's
responsibilities, insuring the protection of the environment, and the health and welfare of
people in the community in the most responsive, efficient, and economical manner. $3,347,269 76.0%
2. Provide cash management service to maximize investment interest return without sacrifice
of principal or required liquidity measured by exceeding the benchmark 90-day Treasury bill
rate and investment on average of over 99 percent of available funds. $1,057,531 24.0%
Enhance the District's image in national financial markets through prudent use of debt financing
for capital needs and debt service savings.
Total $4,404,800 100.0%
MEASURABLE GOALS: 2007 2008 2009
Actual Estimated Proposed
1. Maximize investment earnings by exceeding the interest rate benchmark monthly. 100% 100% 100%
2. Invest 99 percent of available funds on a daily basis. 100% 100% 100%
3. Maintain bank deposits processed within 24 hours of receipt at 100 percent. 100% 100% 100%
4. Maintain minority broker/dealer and institutional investment participation at 30 percent 30% 30% 30%
or more of portfolio.
PROGRAMS BY PRIORITY:
2007 Budgeted Change
Number Name Actuals Positions Dollars Dollars Percent
7110 Legislative $2,609,537 2009 37 $3,049,869 ($61,244) (2.0)
2008 37 $3,111,113
7210 Treasury Activities $771,579 2009 7 $1,057,531 $38,344 3.8
2008 7 $1,019,187
7130 Administrative Activities $107,884 2009 1 $297,400 $150,200 102.0 a)
2008 1 $147,200
a) Increase due to consulting services in support of the Board of Commissioners.
Totals $3,489,000 2009 45 $4,404,800 $127,300 3.0%
2008 45 $4,277,500
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