| |
| SEWER FUND |
| BUDGETED
RATES FOR 2007 |
| OPERATING
FUND WITH NEW DEBT SERVICE |
|
|
|
|
|
|
|
|
|
|
|
|
| Meter |
Number of |
Revenue |
Percent of |
2004 Rate |
2005 Rate |
2006 Rate |
2007 Rate |
| Size |
Accounts |
Projection |
Revenue |
Fixed
Fee |
$/1000
gal |
Fixed
Fee |
$/1000
gal |
Fixed
Fee |
$/1000
gal |
Fixed
Fee |
$/1000
gal |
| 5/8 |
17,160 |
$
4,628,855 |
61.5% |
$50 |
$2.50 |
$51 |
$2.54 |
$58 |
$2.87 |
$67 |
$3.32 |
| 3/4 |
628 |
$
315,599 |
4.2% |
$100 |
$2.75 |
$102 |
$2.79 |
$116 |
$3.16 |
$134 |
$3.66 |
| 1 |
252 |
$
274,875 |
3.7% |
$300 |
$3.00 |
$305 |
$3.05 |
$347 |
$3.46 |
$401 |
$4.00 |
| 1-1/2 |
83 |
$
237,711 |
3.2% |
$500 |
$3.25 |
$508 |
$3.30 |
$576 |
$3.74 |
$666 |
$4.32 |
| 2 |
54 |
$
432,620 |
5.8% |
$1,000 |
$3.50 |
$1,015 |
$3.55 |
$1,150 |
$4.03 |
$1,330 |
$4.66 |
| 3 |
16 |
$
491,250 |
6.5% |
$2,000 |
$3.75 |
$2,030 |
$3.81 |
$2,300 |
$4.32 |
$2,659 |
$4.99 |
| 4 |
10 |
$
325,445 |
4.3% |
$2,500 |
$4.00 |
$2,538 |
$4.06 |
$2,875 |
$4.61 |
$3,324 |
$5.33 |
| 6 |
7 |
$
724,624 |
9.6% |
$3,000 |
$4.25 |
$3,045 |
$4.31 |
$3,450 |
$4.90 |
$3,989 |
$5.67 |
| 8 |
- |
$
- |
0.0% |
$3,500 |
$4.50 |
$3,553 |
$4.57 |
$4,050 |
$5.20 |
$4,683 |
$6.01 |
| Fixture |
265 |
$
91,139 |
1.2% |
Change to consumption billing.
Same total revenue as in 1992 |
1.5% Increase |
13.22% Increase |
15.62% Increase |
| |
18,475 |
$
7,522,118 |
100.0% |
| |
|
|
|
| Annual
cost for median household usage of 60,000 gallons:
$266.00 per year.
Increase over 2006:
$36.00 |
|
| SEWER FUND |
| REVENUE
PROJECTIONS |
|
|
|
|
|
|
|
|
|
|
2004 |
2005 |
2006 |
2006 |
2006 |
2007 |
|
|
Actuals |
Actuals |
Total Budget |
Collected 7/31 |
Year End Est |
Dept Request |
|
|
|
|
|
|
|
|
| 00-000-4225 |
Payment from Other Government |
######### |
########## |
########## |
$
3,063.81 |
########## |
$458,000.00 |
| 00-000-4360 |
Interest on Investment |
######### |
########## |
########## |
########## |
|
$250,000.00 |
| 00-000-4368 |
Unrealized gain/loss |
$
- |
$
- |
$
- |
$
- |
|
|
| 00-000-4430 |
Refunds |
$
2,266.95 |
$
5,908.78 |
$
- |
$
1,409.80 |
|
|
| 00-000-4431 |
Sale of Property, Supls, Equip. |
$
- |
$
- |
$
- |
$
- |
|
|
| 00-000-4470 |
Grants - Federal |
$
- |
$
- |
$
- |
$
- |
|
|
| 00-000-4475 |
Grants - State |
$89,200.75 |
########## |
$
- |
$
- |
|
|
| 00-000-4600 |
Sewer Rents |
######### |
########## |
########## |
########## |
########## |
########## |
| 00-000-4601 |
Meter Permits |
$
455.00 |
$
70.00 |
$
- |
$
420.00 |
$
420.00 |
$
280.00 |
| 00-000-4602 |
Sewer Rents - Interim |
$17,116.24 |
$
7,748.59 |
$
9,500.00 |
$
2,718.75 |
|
$
9,500.00 |
| 00-000-4603 |
Reserve for Sewer Rent Liens |
$
- |
$
- |
########## |
$
- |
|
########## |
| 00-000-4604 |
DLQ Sewer Rent Pen & Int |
$20,833.30 |
$21,859.65 |
$
22,000.00 |
$
7,974.92 |
|
$
22,000.00 |
| 00-000-4605 |
Sewer Rents - Delinquent |
$93,243.20 |
$86,911.43 |
$
90,000.00 |
$
58,631.51 |
|
$
90,000.00 |
| 00-000-4606 |
Sewer Rents - Penalty |
|
|
|
|
|
$
16,000.00 |
| 00-000-4611 |
Sewer Rents - Refunds |
$
- |
$
- |
$
- |
$
- |
|
|
| 00-003-4360 |
Interest Income 2005 Bond |
$
- |
$
9,322.38 |
$
- |
$
- |
|
|
| 00-999-4999 |
Fund Balance Forward |
$
- |
$
- |
$
- |
$
- |
|
|
|
|
$6,698,957.19 |
$6,661,589.00 |
$
7,200,727.00 |
$
6,339,539.84 |
$
7,016,236.00 |
$
8,262,462.00 |
|
Revised |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Projected billing at current rates |
|
|
|
|
|
$
6,540,597.00 |
|
Total
Sewer Fund Revenue needed to balance the budget |
|
|
|
$
8,262,462.00 |
|
Billing
Revenue Required for Operating Fund expenses |
|
|
|
$
7,562,258.00 |
|
Rate
change required for Operating Fund Expenses |
|
|
|
15.62% |
|
Projected billing at revised rates |
|
|
|
|
|
$
7,562,579.00 |
Wastewater collection and treatment rates were
increased by 13.2% in 2006. The increase was due to the
following three factors:
Operation and maintenance costs increased by 4.1%,
and comprise 4.7% of the 13.2% increase
New debt service costs for collection system
improvements make up 4.9% of the increase
A billing shortfall resulted from water conservation
following implementation of the consumption based
billing, and restoration of that lost revenue makes up
the remaining 2.6% increase.
The chart below shows how Abington sewer rates
compare to neighboring municipalities.
|
|
