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1991-151
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1991-151
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Last modified
5/15/2017 3:01:02 PM
Creation date
5/15/2017 2:41:21 PM
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Template:
Resolutions
Resolution Number
1991-151
Approved Date
09/24/1991
Resolution Type
Utilities
Entity Name
Water and Sewer Revenue Bonds Series 1991
Subject
Bond Purchase Agreement
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11 <br />Item <br />TABLE 10 <br />PROJECTION OF ANNUAL REVENUE REQUIREMENTS <br />FROM UNIFORM CHARGES RELATED TO SLUDGE <br />Fiscal Year <br />1992 1993 1994 1995 1996 1997 <br />Revenue Requirements: <br />Operation & Maint. <br />Expenses (1) $0 $113,000 $247,000 $269,000 $296,000 $325.000 <br />Debt Service (2) 0 240,000 480,000 480,000 480,000 480.000 <br />TOTAL REVENUE <br />REQUIREMENTS $0 $353.000 $727.000 $749,000 $776,000 $805.000 <br />Revenues from Other <br />Sources: <br />Charges for Septage(3) $0 $ 72.000 $144.000 $143.000 $142.000 $141.000 <br />Charges for Grease (4) 0 41,000 86,000 90,000 93,000 96,000 <br />TOTAL OFFSETTING <br />REVENUES $0 $113.000 $230,000 $233,000 $235,000 $237,000 <br />CHARGES RELATED <br />TO SLUDGE (5) $0 $240,000 $497,000 $516.000 $541.000 $568.000 <br />( I ) Taken from Table 9. <br />(2) Based on Table 8. Assumes no debt service payments required during <br />construction; hence, no debt service due during Fiscal Year 1992, and <br />only half an annual debt service requirement due during Fiscal Year <br />1993. <br />(3) Equals half of the projected volume of septage from Table 2 multiplied <br />by a charge of $105 per 1,000 gallons. Charges are assumed to commence <br />during the second half of Fiscal Year 1993. <br />(4) Equals half the projected number of grease traps from Table 2 <br />multiplied by an annual charge of $325 per grease trap. Charges are <br />assumed to commence during the second half of Fiscal Year 1993. <br />(5) Equals Total Revenue Requirements less Total Offsetting Revenues. <br />33 <br />M.VRB. 2/11 <br />
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