Water

     Sewerage

      Drainage

         Total

Operating Revenues:

Net Revenue from Charges

$ 54,210,000

$ 50,924,000

$ 0

$ 105,134,000

Additional Revenue (a)

0

1,867,000

0

1,867,000

Tax Revenues

0

0

37,544,000

37,544,000

Interest and Other Income

2,341,000

1,653,000

677,000

4,671,000

6.40 Mill Tax Revenue Sharing

360,000

449,000

0

809,000

Total Operating Revenues

56,911,000

54,893,000

38,221,000

150,025,000

Less Operating Expenses (see operating budget)

46,590,597

34,428,612

19,022,098

100,041,307

Less Depreciation (b)

10,490,000

8,900,000

9,100,000

28,490,000

Net Operating Revenues

(169,597)

11,564,388

10,098,902

21,493,693

Non-Operating Revenue\Expenses:

Participation By Others (c)

850,000

10,750,000

47,190,000

58,790,000

Uncollectibles and Claims

(2,862,000)

(2,618,000)

(2,020,000)

(7,500,000)

Interest Expense

(846,818)

(5,164,894)

(626,250)

(6,637,962)

Interest Expense on Proposed Bonds

0

(672,000)

(815,600)

(1,487,600)

Interest Expense on Proposed Bans

0

(643,500)

0

(643,500)

Total Non-Operating Revenue (Expenses)

(2,858,818)

1,651,606

43,728,150

42,520,938

Net Income (Operating & Non-Operating Revenue)

(3,028,415)

13,215,994

53,827,052

64,014,631

Net Income after operating expenditures is available for debt service and capital improvements, but only for that particular system.

Bonds Principal Payable

(995,000)

(3,301,667)

(1,370,000)

(5,666,667)

Proposed Bonds Principle Payable

0

(284,300)

(345,400)

(629,700)

Total Net Income after Bonds Principle Payable

(4,023,415)

9,630,027

52,111,652

57,718,264

Depreciation (b)

10,490,000

8,900,000

9,100,000

28,490,000

Net Income Allocated To Capital

$ 6,466,585

$ 18,530,027

$ 61,211,652

$ 86,208,264

(a) Assumes approval by City Council of an 8% sewer rate increase as of July 1, 2001.

(b) The depreciation line estimates the decline in the value of capital assets over time. To account for the cost of replacement and maintenance of these capital assets, depreciation is subtracted from the Operating Revenues, but added to the net income where it is available to help fund the capital budget.

(c) Includes federal sewer system grants, Southeastern Louisiana Flood Control Program (SELA), and other outside funding sources.