ORDINANCE NO AN ORDINANCE, repealing and superseding Ordinance No adopted June

Transcription

1 ORDINANCE NO AN ORDINANCE, repealing and superseding Ordinance No adopted June 14, 2012, and making appropriations for the current expenses of the District in the General Fund, the Water Backup Insurance and Reimbursement Fund, the Workers Compensation Fund, the Sanitary Replacement Fund, the Stormwater Operations, Maintenance and Construction Improvement Funds, the Emergency Funds, the Debt Service Funds, and the Wastewater Revenue Bond Service Funds for the fiscal year beginning July 1, 2013 and ending June 30, 2014, amounting in the aggregate to Two Hundred Thirty Million One Hundred Fifty-four Thousand One Hundred Seventy-eight Dollars ($230,154,178) to pay interest falling due on bonds issued, the costs of support, operation, and maintenance of the District and its various subdistricts, and emergencies in accordance with the requirements of this Proposed Ordinance to be introduced May 9, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: REVENUE FUNDS Section One Wastewater Revenue Fund. The total dollars collected in the Wastewater Revenue Fund is estimated to be Two Hundred Sixty-two Million One Hundred Thirty-three Thousand One Hundred Seventy-five Dollars ($262,133,175) and is hereby transferred from the Wastewater Revenue Fund to the General Fund of the District for the support, operation and maintenance of several departments, Board, Civil Service Commission, the Water Backup Insurance and Reimbursement Fund, the Wastewater Emergency Fund, the Sanitary

2 Replacement Fund, Workers Compensation Fund, and the Wastewater Revenue Bond Service Funds for other lawful activities of the District including the payment of interest and principal falling due on bonds issued for the fiscal year beginning July 1, 2013, and ending June 30, Section Two Stormwater Revenue Fund. The total dollars collected in the Stormwater Revenue Fund is estimated to be One Million One Hundred Ninety-two Thousand Four Hundred Ninety Dollars ($1,192,490) and is hereby transferred from the Stormwater Revenue Fund to the Districtwide Stormwater Fund and the Stormwater Emergency Fund for the support, operation and maintenance of several departments, Board, Civil Service Commission, for other lawful activities of the District for the fiscal year beginning July 1, 2013, and ending June 30, TOTAL USER CHARGE REVENUE $263,325,665 DISTRICT OPERATING FUNDS Section Three General Fund. There is hereby transferred from the Wastewater Revenue Fund the sum of One Hundred Sixty-four Million Nine Hundred Twenty Thousand One Hundred Seventy-five Dollars ($164,920,175). There is hereby appropriated and set apart out of the General Fund of the District the sum of One Hundred Sixty-six Million Eight Hundred Eighteen Thousand Four Hundred Twenty-five Dollars ($166,818,425) for the support, operation and maintenance of several departments, Board, Civil Service Commission, and other lawful activities of the District. Section Four Wastewater Backup Insurance and Reimbursement Fund. For the purpose of providing water backup insurance and reimbursement for basement backups, there is hereby transferred from the Wastewater Revenue Fund the sum of Four Million Five Hundred

3 Thousand Dollars ($4,500,000) to the Water Backup Insurance and Reimbursement Fund. There is hereby appropriated and set apart out of the Water Backup Insurance and Reimbursement Fund the sum of Three Million Eight Hundred Thirty-six Thousand Two Hundred Forty-eight Dollars ($3,836,248). Section Five Workers Compensation Fund. For the purpose of providing workers compensation, there is hereby transferred from the Wastewater Revenue Fund the sum of One Million Seven Hundred Fifty Thousand Dollars ($1,750,000) to the Workers Compensation Fund. There is hereby appropriated and set apart out of the Workers Compensation Fund the sum of One Million Five Hundred Thirty-nine Thousand Six Hundred Ninety-two Dollars ($1,539,692). TOTAL GENERAL FUND, WATER BACK-UP, AND WORKERS COMPENSATION BUDGET $172,194,365 STORMWATER OPERATIONS, MAINTENANCE, ADMINISTRATION AND CONSTRUCTION IMPROVEMENT FUNDS Section Six For the purpose of providing Stormwater Operations, Maintenance, Administration, and Construction Improvements, there is hereby appropriated Fifteen Million Eight Hundred Thirty-two Thousand Four Hundred Twenty Dollars ($15,832,420). Appropriations will be executed through the Stormwater Operations, Maintenance, Administration and Construction Improvement Funds as follows: Section Six (1) District Wide Stormwater Fund (5110). For the purpose of providing for operations, maintenance, administration, and construction Improvement, there is hereby transferred from the General Fund to the District Wide Stormwater Fund the sum of Four Million Nine Hundred Seventy-four Thousand Five Hundred Nine Dollars ($4,974,509) and from the Stormwater Revenue Fund the sum of Nine Hundred Forty-two Thousand Four Hundred

4 Ninety Dollars ($942,490). There is hereby appropriated and set apart out of the District Wide Stormwater Fund the sum of Seven Million Five Hundred Twenty-eight Thousand Nine Hundred Ten Dollars ($7,528,910) for use by the Executive Director in contracting for work or repairs. Section Six (2) Stormwater and Maintenance, Operations and Construction Improvement Fund (5130). For the purpose of allowing the District to better segregate the wastewater and stormwater activities of the District for financial reporting purposes, there is hereby transferred from the General Fund the sum of Ten Million Fifty-two Thousand Three Hundred Eighty-four Dollars ($10,052,384) There is hereby appropriated and set apart out of the Stormwater and Maintenance, Operations and Construction Improvement Fund the sum of Four Million Nine Hundred Sixty-two Thousand Six Hundred Twenty Dollars ($4,962,620) for use by the Executive Director in contracting for work or repairs. Section Six (3) Black Creek OMCI Fund (5594). For the purpose of providing appropriated and set apart out of the Black Creek OMCI Fund the sum of Three Hundred Seventynine Thousand Three Hundred Ten Dollars ($379,310) for use by the Executive Director in contracting for work or repairs. Section Six (4) Clayton Central OMCI Fund (5563). For the purpose of providing for Operations, Maintenance, Administration, Construction Improvement, there is hereby appropriated and set apart out of the Clayton Central OMCI Fund the sum of Eight Thousand Five Hundred Twenty Dollars ($8,520) for use by the Executive Director in contracting for work or repairs. Section Six (5) Coldwater OMCI Fund (5564). For the purpose of providing for Operations, Maintenance, Administration, Construction Improvement, there is hereby appropriated

5 and set apart out of the Coldwater OMCI Fund the sum of Eight Hundred Fifty-eight Thousand Nine Hundred Seventy Dollars ($858,970) for use by the Executive Director in contracting for work or repairs. Section Six (6) Creve Coeur OMCI Fund (5565). For the purpose of providing appropriated and set apart out of the Creve Coeur OMCI Fund the sum of One Hundred Forty-four Thousand Nine Hundred Dollars ($144,900) for use by the Executive Director in contracting for work or repairs. Section Six (7) Deer Creek OMCI Fund (5566). For the purpose of providing for Operations, Maintenance, Administration, Construction Improvement, there is hereby appropriated and set apart out of the Deer Creek OMCI Fund the sum of Two Hundred Sixty-three Thousand Thirty Dollars ($263,030) for use by the Executive Director in contracting for work or repairs. Section Six (8) Fountain Creek OMCI Fund (5569). For the purpose of providing appropriated and set apart out of the Fountain Creek OMCI Fund the sum of One Hundred Twenty-one Thousand Three Hundred Ten Dollars ($121,310) for use by the Executive Director in contracting for work or repairs. Section Six (9) Gravois Creek OMCI Fund (5571). For the purpose of providing appropriated and set apart out of the Gravois Creek OMCI Fund the sum of Two Hundred Sixtyeight Thousand Three Hundred Thirty Dollars ($268,330) for use by the Executive Director in contracting for work or repairs.

6 Section Six (10) Loretta-Joplin OMCI Fund (5574). For the purpose of providing appropriated and set apart out of the Loretta-Joplin OMCI Fund the sum of Forty Two Thousand Six Hundred Twenty Dollars ($42,620) for use by the Executive Director in contracting for work or repairs. Section Six (11) Maline Creek OMCI Fund (5576). For the purpose of providing appropriated and set apart out of the Maline Creek OMCI Fund the sum of Five Hundred Ten Thousand Four Hundred Eighty Dollars ($510,480) for use by the Executive Director in contracting for work or repairs. Section Six (12) North Affton OMCI Fund (5579). For the purpose of providing appropriated and set apart out of the North Affton OMCI Fund the sum of Eleven Thousand Four Hundred Ninety Dollars ($11,490) for use by the Executive Director in contracting for work or repairs. Section Six (13) Seminary Branch of River Des Peres OMCI Fund (5593). For the purpose of providing for Operations, Maintenance, Administration, Construction Improvement, there is hereby appropriated and set apart out of the Seminary Branch of River Des Peres OMCI Fund the sum of Eighty-five Thousand Six Hundred Thirty Dollars ($85,630) for use by the Executive Director in contracting for work or repairs. Section Six (14) Shrewsbury Branch of River Des Peres OMCI Fund (5592). For the purpose of providing for Operations, Maintenance, Administration, Construction Improvement, there is hereby appropriated and set apart out of the Shrewsbury Branch of River Des Peres OMCI

7 Fund the sum of Eight Thousand Five Hundred Twenty Dollars ($8,520) for use by the Executive Director in contracting for work or repairs. Section Six (15) Sugar Creek OMCI Fund (5583). For the purpose of providing appropriated and set apart out of the Sugar Creek OMCI Fund the sum of Thirty-six Thousand Two Hundred Dollars ($36,200) for use by the Executive Director in contracting for work or repairs. Section Six (16) University City Branch of River Des Peres OMCI Fund (5584). For the purpose of providing for Operations, Maintenance, Administration, Construction Improvement, there is hereby appropriated and set apart out of the University City Branch of River Des Peres OMCI Fund the sum of Four Hundred Sixty Two Thousand Nine Hundred Thirty Dollars ($462,930) for use by the Executive Director in contracting for work or repairs. Section Six (17) Watkins Creek OMCI Fund (5587). For the purpose of providing for Operations, Maintenance, Administration, Construction Improvement, there is hereby appropriated and set apart out of the Watkins Creek OMCI Fund the sum of Ninety-five Thousand Five Hundred Dollars ($95,500) for use by the Executive Director in contracting for work or repairs. Section Six (18) Wellston OMCI Fund (5589). For the purpose of providing for Operations, Maintenance, Administration, Construction Improvement, there is hereby appropriated and set apart out of the Wellston OMCI Fund the sum of Forty-three Thousand One Hundred Fifty Dollars ($43,150) for use by the Executive Director in contracting for work or repairs. TOTAL OMCI BUDGET $ 15,832,420

8 EMERGENCY WORK OR REPAIR FUNDS Section Seven Wastewater Emergency Fund. For the purpose of providing for emergency work or repairs requiring prompt attention, there is hereby transferred from the Wastewater Revenue Fund to the Wastewater Emergency Fund the sum of Two Hundred Fifty Thousand Dollars ($250,000). There is hereby appropriated and set apart out of the Wastewater Emergency Fund the sum of Two Hundred Fifty Thousand Dollars ($250,000) for use by the Executive Director in contracting for emergency work or repairs. Section Eight Stormwater Emergency Fund. For the purpose of providing for emergency work or repairs requiring prompt attention, there is hereby transferred from the Stormwater Revenue Fund to the Stormwater Emergency Fund the sum of Two Hundred Fifty Thousand Dollars ($250,000). There is hereby appropriated and set apart out of the Stormwater Emergency Fund the sum of Two Hundred Fifty Thousand Dollars ($250,000) for use by the Executive Director in contracting for emergency work or repairs. TOTAL EMERGENCY FUND BUDGET $ 500,000 DEBT SERVICE FUNDS Section Nine Debt Service Funds. For the purpose of providing for the support of the Wastewater Revenue Bond Debt Service of the Metropolitan St. Louis Sewer District for the fiscal year beginning July 1, 2013 and ending June 30, 2014, there is hereby transferred from the Wastewater Revenue Fund to the Wastewater Revenue Bond Service Funds the total sum of Fiftyeight Million Nine Hundred Twelve Thousand Dollars ($58,912,000). Appropriations will be executed through the Debt Service Funds as follows for total District principal and interest falling due on Eight Hundred Sixty-three Million Eight Hundred Sixty-seven Thousand Three Hundred

9 Eighty-nine Dollars ($863,867,389) par value outstanding revenue bonds and banking fees relating to the debt: Section Nine (1) Wastewater Principal and Interest Bond 2004A Fund (2804) Number 2804 the sum of Twenty-four Million Seven Hundred Ninety-four Thousand Six Hundred Seventeen Dollars ($24,794,617). Section Nine (2) Wastewater Principal and Interest Bond 2006C Fund (2808) Number 2808 the sum of Two Million Nine Hundred Two Thousand Dollars ($2,902,000). Section Nine (3) Wastewater Principal and Interest Bond 2008A Fund (2810) There is hereby appropriated and set apart out of the Wastewater Revenue Bond Service Fund Number 2810 the sum of One Million Six Hundred Thirty Two Thousand Four Hundred Thirty-five Dollars ($1,632,435. Section Nine (4) Wastewater Principal and Interest Bond 2010B Fund (2812) Number 2812 the sum of Three Million Two Hundred Thirty-five Thousand Four Hundred Forty Dollars ($3,235,440. Section Nine (5) Wastewater Principal and Interest Bond 2011B Fund (2816) Number 2816 the sum of Three Million Eight Hundred Seventy-six Thousand One Hundred Thirty-three Dollars ($3,876,133. Section Nine (6) Wastewater Principal and Interest Bond 2012A Fund (2817)

10 Number 2817 the sum of Ten Million Five Hundred Fifty-four Thousand Two Hundred Twentyfive Dollars ($10,554,225. Section Nine (7) Wastewater Principal and Interest Bond 2012B Fund (2818) Number 2818 the sum of Six Million Seven Hundred Seventy-seven Thousand Four Hundred Sixty-three Dollars ($6,777,463. Section Nine (8) Wastewater Principal and Interest Proposed Bond 1) There is hereby appropriated and set apart out of the Wastewater Revenue Bond Service Proposed Fund the sum of Three Million Six Hundred Eighty-seven Thousand Five Hundred Dollars ($3,687,500. TOTAL DEBT SERVICE BUDGET $ 57,459,813 TOTAL DISTRICT BUDGET APPROPRIATIONS $245,986,598 Less: Inter-fund Services for Stormwater Operations ( 15,832,420) (Reported as required by General Accounting Standards Board (GASB) Statement #34 NET DISTRICT BUDGET APPROPRIATIONS $230,154,178 WASTEWATER CONSTRUCTION PROGRAM USER CHARGE FUNDING Section Ten Sanitary Replacement Fund. For the purpose of meeting the costs of repairing, rehabilitating and replacing the District's Wastewater System, there is hereby transferred from the Wastewater Revenue Fund to the Sanitary Replacement Fund the sum of Thirty-one Million Eight Hundred One Thousand Dollars ($31,801,000). The foregoing Ordinance was adopted June 13, 2013.

11 SUMMARY OF APPROPRIATIONS FISCAL YEAR 2014 Operating Budget District General Fund $166,818,425 District Water Backup Insurance and Reimbursement Fund 3,836,248 District Workers Compensation Fund 1,539,692 OMCI Funds 15,832,420 TOTAL OPERATING BUDGET $188,026,785 TOTAL EMERGENCY WORK OR REPAIR BUDGET $ 500,000 TOTAL DEBT SERVICE BUDGET $ 57,459,813 TOTAL DISTRICT APPROPRIATIONS $245,986,598 Less: Inter-fund Services for Stormwater Operations *( 15,832,420) NET DISTRICT APPROPRIATIONS $230,154,178 * Reported as required per General Accounting Standards Board (GASB) Statement # 34