Budget Message / Highlights - Metropolitan Water Reclamation ...

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO
2009 BUDGET
FIVE-YEAR FINANCIAL FORECAST, 2009 - 2013 TABLE II
CORPORATE FUND
% average
annual chng.
5-Year Revenue and Tax Rate Projections 2008 2009 2010 2011 2012 2013 2009 - 2013
Property Taxes $230,888 $236,372 $248,635 $255,662 $265,707 $278,501 4.19%
Personal Property Replacement Tax 27,507 25,780 24,952 27,854 26,760 26,961 1.31%
User Charge 50,000 49,000 50,000 50,000 51,000 51,000 1.01%
Investment Income 4,353 4,228 4,331 4,910 5,078 5,613 7.44%
Land Rentals 9,001 11,000 10,500 11,000 12,000 12,700 3.79%
Sewer Permits 1,500 1,800 2,000 2,100 2,300 2,300 6.41%
Miscellaneous 32,669 3,784 4,079 4,181 4,285 4,392 3.82%
Net Assets Appropriable 84,338 82,051 69,376 68,893 68,145 58,860 (7.71%)
Net Assets Available for Future Use -39,579 (19,013) (17,344) (17,223) (17,036) (14,715) (6.05%)
Total Appropriable Resources ($ in thousands ) $400,676 $395,003 $396,528 $407,376 $418,240 $425,612 1.89%
Projecected Equalized Assessed Valuation
(Based upon the 2007 Actual EAV) ####### $159.092 $162.274 $165.520 $168.830 $172.207 $175.651
at assumed 2.0% annually compounded increase.) billion billion billion billion billion billion
Projected Tax Rate cents per $100 Equalized 15.0¢ 14.9¢ 15.6¢ 15.7¢ 16.0¢ 16.4¢
Assessed Valuation (EAV)
Gross Levy - assumes 3.5% uncollectible. $239,262 $242,027 $257,653 $264,935 $275,344 $288,602
Projected Appropriations by Major Categories 2008 2009 2010 2011 2012 2013 2009 - 2013
Employee Cost - Salaries $154,972 $159,216 $164,366 $167,991 $173,952 $179,049 2.98%
Employee Cost - Health Care 40,291 29,439 37,190 45,141 48,291 54,566 16.92%
Other Post Employment Benefits Trust 15,000 15,000 10,000 10,000 10,000 10,000 (8.33%)
Professional Services 18,229 16,284 14,519 15,739 14,791 12,638 (5.75%)
Energy Cost 40,939 47,510 51,051 52,739 53,863 54,725 3.62%
Chemicals 7,554 7,615 7,500 7,385 7,275 7,218 (1.33%)
Materials and Supplies 15,136 15,659 15,866 15,572 14,834 14,822 (1.34%)
Solids Disposal 15,041 13,669 13,473 14,252 15,476 16,405 4.73%
Contracted Solids Disposal 6,800 7,000 7,200 8,025 9,097 9,890 9.10%
Computer Systems & Telecommunications 9,704 10,531 9,833 9,263 8,577 6,227 (11.81%)
Repairs to Structures & Equipment 40,676 47,209 44,783 40,561 40,914 37,057 (5.78%)
14,769 14,729 15,210 16,154 16,415 18,136 5.39%
Machinery & Equipment 7,784 10,452 4,720 3,680 3,801 3,868 (17.96%)
Property & Capital Projects 177 50 177 189 206 219 69.00%
Real Estate Taxes 640 640 640 685 746 791 5.50%
Total ($ in thousands ) $397,187 $395,003 $396,528 $407,376 $418,240 $425,612 1.89%
Projection of Department Appropriations 2008 2009 2010 2011 2012 2013 2009 - 2013
Board of Commissioners $4,278 $4,405 $4,589 $4,726 $4,876 $5,083 3.65%
General Administration 29,205 22,836 20,271 20,977 21,492 22,064 (0.66%)
Research and Development 30,060 31,448 30,825 30,669 31,824 32,528 0.87%
Purchasing 9,808 10,394 10,368 10,480 10,838 10,862 1.12%
Personnel 64,434 54,001 56,819 64,879 69,317 77,663 9.57%
Information Technology 21,883 20,987 20,507 22,712 19,812 16,003 (5.88%)
Law 7,970 8,196 7,810 8,191 8,711 8,451 0.88%
Finance 3,655 3,763 3,954 3,869 3,988 4,212 2.91%
Engineering 16,027 17,566 18,340 17,339 15,570 12,802 (7.26%)
Maintenance & Operations 209,869 221,406 223,047 223,535 231,812 235,945 1.61%
Total ($ in thousands ) $397,187 $395,003 $396,528 $407,376 $418,240 $425,612 1.89%
Projected Appropriation Distribution by Program 2008 2009 2010 2011 2012 2013 2009 - 2013
1000 Collection $60,088 $64,267 $68,028 $69,027 $70,962 $70,352 2.32%
2000 Treatment 81,439 87,857 90,502 90,198 90,749 92,901 1.41%
3000 Solids Processing 39,395 39,916 39,403 40,740 41,404 42,167 1.40%
4000 Flood & Pollution Control 37,960 41,049 38,992 38,976 39,883 40,679 (0.18%)
5000 Solids Disposal 32,943 33,884 33,029 31,384 34,009 34,071 0.26%
7000 General Support 145,362 128,029 126,573 137,052 141,235 145,442 3.29%
Total ($ in thousands ) $397,187 $395,003 $396,528 $407,376 $418,240 $425,612 1.89%
Note: Totals are rounded
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