Budget Message / Highlights - Metropolitan Water Reclamation ...
Budget Message / Highlights - Metropolitan Water Reclamation ... Budget Message / Highlights - Metropolitan Water Reclamation ...
METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO 2009 BUDGET OUTSTANDING BONDS AND ESTIMATED STATUTORY DEBT MARGIN DECEMBER 31, 2008 DATE OF INTEREST AMOUNT BOND SERIES MATURITY RATES PAYABLE Capital Improvements Bonds - Series: December 2002 Series C 2016 5.375 $ 6,100,000 December 2002 Series D 2013 3.0 to 5.375 73,100,000 July 2006 Limted Tax 2033 5.00 139,565,000 SUBTOTAL - Construction and Capital Improvements Bonds: $ 218,765,000 Refunding Bonds - Series: August 1992 2009 5.9 to 6.05 $ 15,400,000 July 1997 2014 4.7 to 5.50 16,200,000 May 2006 Unlimited 2031 5.00 346,600,000 May 2006 Limited Tax 2031 5.00 50,790,000 March 2007 Series A 2014 to 2022 4.0 to 5.0 188,315,000 March 2007 Series B 2034 to 2035 4.0 to 5.0 91,845,000 March 2007 Series C 2025 to 2033 4.0 to 5.0 101,860,000 SUBTOTAL - Refunding Bonds: $ 811,010,000 State Revolving Fund Bonds - Series: January 1994 , 90A L170393 2013 3.59 $ 3,295,358 December 1991 , 90B L170401 2011 3.745 1,623,425 April 1992, 90C L170414 2011 3.745 1,192,667 June 1992, 90D L170416 2012 3.59 286,850 March 1993, 90E L170391 2012 3.59 3,072,297 November 1992, 91F L170672 2012 3.59 2,495,366 August 1992, 91G L170407 2012 3.59 413,336 June 1992, 91I L170667 2011 3.59 156,300 November 1992, 91L L170675 2012 3.59 1,653,466 July 1994, 92P L170774 2013 2.50 10,834,812 May 1995, 92Q L170874 2014 2.50 9,799,869 June 1996, 94R L170820 2017 2.50 13,623,083 February 1996, 92S L170875 2015 2.50 6,255,177 January 1997, 92T L170876 2016 2.50 9,352,999 July 1996, 92U L170877 2017 2.50 11,078,095 February 1997, 94V L171150 2018 2.50 18,982,676 January 2000, 97AA L170822 2019 2.506 31,208,793 December 2000, 97BB L171151 2020 2.535 6,742,811 July 2002, 97CC L172031 2021 2.535 27,084,908 August 2003, 97DD L171152 2023 2.905 12,561,222 July 2004, 01A L172126 2024 2.50 48,288,190 July 2004, 01B L172127 2024 2.50 51,861,309 July 2006, 01C L172128 2026 2.50 47,872,799 March 2007, 04C L172493 2027 2.50 2,544,747 March 2007, 04D L172494 2027 2.50 2,440,351 March 2007, 04G L172611 2027 2.50 3,876,233 January 2009, 04A L172485 2028 2.50 8,023,360 January 2009, 04B L172488 2028 2.50 20,677,770 January 2009, 04E L172495 2028 2.50 5,625,807 SUBTOTAL - State Revolving Fund Bonds: $ 362,924,076 TOTAL OUTSTANDING BONDS: $ 1,392,699,076 CALCULATION OF ESTIMATED STATUTORY DEBT MARGIN Debt Applicable to Debt Limit: Outstanding Bonds $ 1,392,699,076 Bond Anticipation Note - Principal 63,038,700 Bond Anticipation Note - Interest 860,698 Liabilities of Tax- Financed Funds 53,171,284 $ 1,509,769,758 Less Applicable Assets: Cash and Investments - Bond Redemption & Interest Funds $ (91,677,772) Interest on Bonds Payable in Next Twelve Months 61,345,270 $ (30,332,502) NET DEBT APPLICABLE TO LIMIT: $ 1,479,437,256 Statutory Debt Limit 5.75% of 2007 Equalized Assessed Valuation ($155,972,794,427) $ 8,968,435,680 Less Net Debt Applicable to Limit 1,479,437,256 ESTIMATED STATUTORY DEBT MARGIN: $ 7,488,998,424 60 60
METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO 2009 BUDGET ACCOUNT SUMMARY COMPARISON 2009-2008 ALL FUNDS Increase (Decrease) Account Appropriation 2009 - 2008 ORGANIZATION OR FUND 2009 2008 Dollars Percent Board of Commissioners $ 4,404,800 $ 4,277,500 $ 127,300 3.0 General Administration 22,835,600 29,205,000 (6,369,400) (21.8) Monitoring & Research 31,448,400 30,059,500 1,388,900 4.6 Procurement & Materials Management 10,393,700 9,807,900 585,800 6.0 Human Resources 54,001,400 64,433,800 (10,432,400) (16.2) Information Technology 20,987,200 21,882,800 (895,600) (4.1) Law 8,196,000 7,969,700 226,300 2.8 Finance 3,762,800 3,655,200 107,600 2.9 Maintenance & Operations: General Division 23,487,100 24,544,200 (1,057,100) (4.3) North Service Area 49,665,300 47,199,400 2,465,900 5.2 Calumet Service Area 44,690,900 42,485,500 2,205,400 5.2 Stickney Service Area 103,563,000 95,639,600 7,923,400 8.3 TOTAL Maintenance & Operations $ 221,406,300 $ 209,868,700 11,537,600 5.5 Engineering (Corporate Fund) 17,566,400 16,026,500 1,539,900 9.6 TOTAL Corporate Fund $ 395,002,600 $ 397,186,600 (2,184,000) (0.5) Engineering (Construction Fund) 35,583,800 32,160,100 3,423,700 10.6 Engineering 932,866,800 743,350,100 189,516,700 25.5 (Capital Improvements Bond Fund) Stormwater Management Fund 33,807,000 34,924,000 (1,117,000) (3.2) Bond Redemption & Interest Fund 134,447,869 179,167,802 (44,719,933) (25.0) Retirement Fund 31,385,921 30,371,534 1,014,387 3.3 Reserve Claim Fund 67,500,000 55,500,000 12,000,000 21.6 GRAND TOTAL $ 1,630,593,990 $ 1,472,660,136 $ 157,933,854 10.7 61 61
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- Page 77 and 78: Mr. Richard Lanyon October 21, 2008
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- Page 89 and 90: SECTION III FINANCIAL STATEMENTS BY
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METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO<br />
2009 BUDGET<br />
ACCOUNT SUMMARY COMPARISON<br />
2009-2008 ALL FUNDS<br />
Increase (Decrease)<br />
Account Appropriation 2009 - 2008<br />
ORGANIZATION OR FUND 2009 2008 Dollars Percent<br />
Board of Commissioners $ 4,404,800 $ 4,277,500 $ 127,300 3.0<br />
General Administration 22,835,600 29,205,000 (6,369,400) (21.8)<br />
Monitoring & Research 31,448,400 30,059,500 1,388,900 4.6<br />
Procurement & Materials Management 10,393,700 9,807,900 585,800 6.0<br />
Human Resources 54,001,400 64,433,800 (10,432,400) (16.2)<br />
Information Technology 20,987,200 21,882,800 (895,600) (4.1)<br />
Law 8,196,000 7,969,700 226,300 2.8<br />
Finance 3,762,800 3,655,200 107,600 2.9<br />
Maintenance & Operations:<br />
General Division 23,487,100 24,544,200 (1,057,100) (4.3)<br />
North Service Area 49,665,300 47,199,400 2,465,900 5.2<br />
Calumet Service Area 44,690,900 42,485,500 2,205,400 5.2<br />
Stickney Service Area 103,563,000 95,639,600 7,923,400 8.3<br />
TOTAL Maintenance & Operations $ 221,406,300 $ 209,868,700 11,537,600 5.5<br />
Engineering (Corporate Fund) 17,566,400 16,026,500 1,539,900 9.6<br />
TOTAL Corporate Fund $ 395,002,600 $ 397,186,600 (2,184,000) (0.5)<br />
Engineering (Construction Fund) 35,583,800 32,160,100 3,423,700 10.6<br />
Engineering 932,866,800 743,350,100 189,516,700 25.5<br />
(Capital Improvements Bond Fund)<br />
Stormwater Management Fund 33,807,000 34,924,000 (1,117,000) (3.2)<br />
Bond Redemption & Interest Fund 134,447,869 179,167,802 (44,719,933) (25.0)<br />
Retirement Fund 31,385,921 30,371,534 1,014,387 3.3<br />
Reserve Claim Fund 67,500,000 55,500,000 12,000,000 21.6<br />
GRAND TOTAL $ 1,630,593,990 $ 1,472,660,136 $ 157,933,854 10.7<br />
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