Fiscal Year 2006 Proposed Budget |
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Print Version (PDF format)
SECTION N -- ENTERPRISE, SPECIAL REVENUE and INTERNAL SERVICES FUNDS
UTILITIES FUND
DEBT SERVICE AND OTHER
PROGRAM MISSION: This agency captures overhead, debt service, and other non-operating
costs associated with:
- Annual debt service costs from the sale of bonds and
state loan funds for water and sewer systems, and the Water Pollution Control
Plant (WPCP)
- Expenditures for fund-wide accounts such as
rental of office space at the Courthouse Plaza and
- Allocated General Fund overhead cost for the
Utilities Fund
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Debt Service and
Other
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FY 2004
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FY 2005
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FY 2006
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% Change:
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Actual
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Adopted
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Proposed
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'05 to '06
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Debt Service
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$5,127,832
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$6,327,307
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$7,375,109
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17%
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Other
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2,745,644
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3,136,382
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4,855,866
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55%
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Total Expenditures
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$7,873,476
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$9,463,689
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$12,230,975
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29%
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SIGNIFICANT BUDGET HIGHLIGHTS: The budget for Debt Service and Other
reflects:
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Principal and interest payments for existing debt
decreased ($310,766) as a result of refinancing of issued bonds. An increase in
debt service expense ($1,068,861) is projected for the financing of the
expansion and upgrade of the Water Pollution Control Plant. New bonds will be issued for the Potomac
Interceptor sewer collection system project ($289,707).
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Other portion of this agency will increase due to
additional funding for Utility Fund rate stabilization account ($1,000,000) in
FY 2006. The annual charge to the
Utilities Fund for County management salaries and indirect cost for oversight
provided by General Fund staff increased due in part to the DES reorganization
($280,725). The FY 2006 reserve for the
compensation package increased ($438,759).
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