Budget Message / Highlights - Metropolitan Water Reclamation ...

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO
2009 BUDGET
FIVE-YEAR FINANCIAL FORECAST, 2009 - 2013
Combined GAAP Balance Sheets - General Corporate Fund
(in thousands of dollars)
Assets 2009 2010 2011 2012 2013
Cash $ 761 $ 554 $ 619 $ 673 $ 742
Investments 220,016 230,185 240,735 251,801 263,124
Receivables:
Property Taxes 279,651 289,439 299,569 310,054 320,906
Less allowance for uncollectible taxes 31,975 33,094 34,252 35,451 36,692
Net property taxes receivable $247,676 256,344 265,316 274,603 284,214
Personal property replacement tax - - - - -
User Charges 6,638 6,837 7,042 7,254 7,471
Miscellaneous 4,341 4,428 4,517 4,607 4,699
Inventories 35,766 35,936 35,942 35,865 35,865
Total assets $ 515,198 $ 534,285 $ 554,172 $ 574,803 $ 596,116
Liabilities and Fund Equity
Liabilities:
Deferred tax revenue $237,177 $ 245,845 $ 254,816 $ 264,103 $ 273,714
Accounts Payable and other liabilities 48,590 51,020 53,571 56,249 59,062
Due to other funds 357 328 394 472 472
Total Liabilities $ 286,124 $ 297,194 $ 308,782 $ 320,825 $ 333,248
Fund Equity:
Fund Balances - Reserved:
Working Cash $ 291,832 $ 302,046 $ 312,618 $ 323,559 $ 334,884
Unreserved:
Undesignated (62,758) (64,955) (67,228) (69,581) (72,017)
Total Fund Equity $ 229,074 $ 237,091 $ 245,390 $ 253,978 $ 262,867
Total Liabilities and Fund Equity $ 515,198 $ 534,285 $ 554,172 $ 574,803 $ 596,116
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