Title
Adopting the Capital Budget for the 2020 Fiscal Year
Body
RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that the Executive Director’s 2020 Proposed Capital Budget, setting forth:
• Total project cost estimates for 222 capital projects totalling $1,498,436,015;
• Anticipated revenues and available funds of the District for capital purposes of $162,388,000 and the anticipated capital expenditures of the District of $227,148,000 resulting in a net local share of $101,853,000 for the fiscal year ending December 31, 2020; and
• The Six-year Long-range Financing Plan, including $853,318,000 in project expenditures and $656,428,000 in debt service expenditures for a combined total of $1,509,746,000 in capital expenditures from 2020 through 2025. The capital expenditures are expected to be funded from $675,591,000 in tax levies; $182,618,000 in non-member billings; $243,000,000 in District-issued General Obligation bonds and notes; $398,333,000 in state loans; $17,984,000 in federal and state aid and grants; $12,305,000 in interest and other income; and $20,084,000 in additions to funds on hand for a combined total of $1,509,746,000
is hereby adopted.