File #: 16-133-10    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 9/27/2016 In control: Policy, Finance & Personnel Committee
On agenda: 10/10/2016 Final action: 10/24/2016
Title: Adopting the Capital Budget for the 2017 Fiscal Year
Sponsors: Executive Director
Attachments: 1. 08_PFP_Adopt_2017_Capital_Budget_legislative_file-REVISED.pdf, 2. 08_PFP_Adopt_2017_Capital_Budget_attachment1.pdf, 3. 08_PFP_Adopt_2017_Capital_Budget_attachment2-REVISED.pdf, 4. 08_PFP_Adopt_2017_Capital_Budget_attachment3-REVISED.pdf

Title

Adopting the Capital Budget for the 2017 Fiscal Year

Body

RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that the Executive Director’s 2017 Proposed Capital Budget, setting forth:

 

•                     Total Project Cost estimates for 210 capital projects totalling $1,169,819,755;

•                     Anticipated revenues and available funds of the District for capital purposes of $120,853,000 and the anticipated capital expenditures of the District of $219,233,000 resulting in a net local share of $98,380,000 for the fiscal year ending December 31, 2017; and

 

•                     The Six-year Long-range Financing Plan, including $619,723,000 in project expenditures and $705,306,000 in debt service expenditures for a combined total of $1,325,030,000 in capital expenditures from 2017 through 2022.  The capital expenditures are expected to be funded from $652,549,000 in tax levies; $189,950,000 in non-member billings; $270,000,000 in District-issued General Obligation bonds and notes; $9,699,000 in federal, state aid and grants; $191,848,000 in state loans; $6,338,000 in interest and other income; and $4,645,000 in available funds on hand for a combined total of $1,325,030,000

 

is hereby adopted.