Milwaukee Metropolitan Sewerage District - File #: 20-161-10

• File #: 20-161-10
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/29/2020
• In control: Policy, Finance & Personnel Committee
• On agenda: 10/12/2020
• Final action: 10/26/2020
• Title: Adopting the Capital Budget for the 2021 Fiscal Year
• Sponsors: Executive Director

Date	Ver.	Action By	Action	Result
10/26/2020	1	Commission	Adopted by a Voice Vote	Pass
10/12/2020	1	Policy, Finance & Personnel Committee	Approved as Amended	Pass

Title

Adopting the Capital Budget for the 2021 Fiscal Year

Body

RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that the Executive Director’s 2021 Proposed Capital Budget, setting forth:

•                     Total project cost estimates for 224 capital projects totalling $1,571,639,418;

•                     Anticipated revenues and available funds of the District for capital purposes of $115,260,000 and the anticipated capital expenditures of the District of $218,133,000 resulting in a net local share of $102,873,000 for the fiscal year ending December 31, 2021; and

•                     The Six-year Long-range Financing Plan, including $857,746,000 in project expenditures and $633,409,000 in debt service expenditures for a combined total of $1,491,154,000 in capital expenditures from 2021 through 2026.  The capital expenditures are expected to be funded from $682,351,000 in tax levies; $170,475,000 in non-member billings; $246,000,000 in District-issued General Obligation bonds and notes; $379,745,000 in state loans; $15,853,000 in federal and state aid and grants; $771,000 in interest and other income; and $4,041,000 in additions to funds on hand for a combined total of $1,491,154,000

is hereby adopted.