Budget Message / Highlights - Metropolitan Water Reclamation ...

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO
2009 BUDGET
40000 FINANCE OBJECTIVES AND PROGRAM SUMMARY
OBJECTIVES BY PRIORITY: Cost Percent
1. Provide for the accounting, auditing, and payment of all District expenditures, which are comprised of
vendor payments, employee wages, expenses, and fringe benefits. Vendor payments are made in
compliance with the Prompt Payment Act. $888,837 23.6%
2. Provide for the accounting, billing, and collection of all revenue such as User Charge, SRF, Real
Estate, and other miscellaneous billings. $321,285 8.5%
3. Provide for the independent appraisal and analysis of departmental activities approved for internal
auditing by the Audit Committee. $496,081 13.2%
4. Provide for general accounting and reporting (e.g., financial statement preparation, fixed assets,
cost accounting analysis, general ledger maintenance and bank account reconciliation). $1,567,496 41.7%
5. Provide for the preparation of the Board agenda, printing of the minutes of all Board meetings, and
for the documentation, retention, and retrieval of all official records of the Board of Commissioners. $489,101 13.0%
Total $3,762,800 100.0%
MEASURABLE GOALS: 2007 2008 2009
Actual Estimated Proposed
1. Maintain 95 percent compliance with the Prompt Payment Act. 93% 95% 95%
2. Decrease invoice processing cost to less than $15.00 per Vendor invoice. $19.33 $13.94 $13.18
3. Maintain a 95 percent or better collection rate for user charge and other fees. 91% 93% 93%
4. Complete 95 percent of the audits proposed by the Audit Committee. 85% 95% 95%
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