City of New Albany, Inc.
Cash Flow Budget-Sewer
For the Years Ending
December 31, 2007 and 2008
Cash Inflows............2007............2008
Tap-In Fees
Non-Rev................$350,000.......$350,000
Sewage Fees..........$10,157,450....$10,421,492
Interest Income....$110,000........$110,000
Jail Bond Fund.....$1,000,000....$0.00
EDIT.....................$725,000.......$725,000
Bond Anticipation
Note (Ban)............$1,315,000....$0.00
Additional EDIT
funds....................$540,000......$0.00
TIF.......................$450,000......$0.00
Due From
Drainage..............$83,828........$0.00
Due From
Sanitation............$64,117.........$0.00
Cash OUTFLOWS.......2007..........2008
Salaries and wages.....$231,750....$238.703
SUU Manager-Salary
and Benefits...............$50,000.....$100,000
Professional Fees.......$90,000.....$70,000
EMC Contract............$3,642,618..$3,325,000
Engineering Consultant
-Others......................$250,000....$100,000
Telephone.................$20,500......$20,500
Insurance.................$85,000......$85,000
Equipment Repairs...$16,500.......$16,500
Permit Fee................$15,000.......$15,000
Health Insurance......$50,000......$55,000
Unemployment
Comp........................$4,000........$4,000
Office Supplies.........$3,500.........$3,500
Computer Related
Expense....................$10,000......$10,000
Collection Fees.........$170,000.....$170,000
Postage.....................$25,000......$25,750
Recording Fees.........$4,500........$4,500
Refunds....................$41,000......$42,000
Agent Fees................$2,000........$2,000
Debt Services............$4,712,324..$4,713,326
BAN Note Payment...$305,000....$305,000
______________2007_______2008
Fund Reserve
Requirement..........$21,300...........$0.00
Flush Truck............$40,000..........$40,000
15th Street Study....$240,000........$0.00
Wasterwater System
Master Plan............$90,000.........$80,000
15th Street
Emergency Repair..$87,000.........$0.00
Annual I/I
Remediation...........$93,000.........$500,000
Automatic Process
Water Strainers.....$0.00.............$85,000
Preliminary treatment
rag & grit removal..$35,000.........$0.00
Secondary Clarifer
Weir Cleaning
System....................$0.00.............$90,000
Total Cash Outflow
From Operations....$10,334,992...$10,100,679
NET CASH FROM
OPERATIONS AND
BEFORE PLANNED
SEWER PROJECTS..$4,460,353...$2,005,813
Planned Sewer Projects:
________________2007_____2008
Basin 18 Relief........$700,000......$632,000
Basin 35 Phase I.....$1,185,000....$0.00
Robert E. Lee Pump
Station Project........$951,700.......$0.00
Robert E. Lee Force
Main Project...........$1,033,700....$0.00
Basin 4 Relief..........$389,953......$924,703
*Basin 35 Phase II...$0.00...........$549,000
*Basin 35 Phase III..$0.00...........$500,000
Lewis Street
Interceptor .............$200,000.....$0.00
TOTAL PLANNED
SEWER PROJECTS..$4,460,353...$2,605,703
Net Cash Provided
(used)$0.00.............$(599,890)
*The Planned Sewer Projects of Basin 35 Phase II and Phase III is dependent on various construction contractors contributing $599,890 towards the cost of these projects.
Freedom of Speech would like to say:
Get ready taxpayers...England's getting ready to raise our Sewer Bills!
