Sewerage & Water Board of New Orleans
FY 2002
Statement of Budgeted Revenues & Expenses
|
Water |
Sewerage |
Drainage |
Total |
|
|
Operating Revenues: |
||||
|
Net Revenue from Charges |
$ 54,668,000 |
$ 54,931,300 |
$ 0 |
$ 109,599,300 |
|
Tax Revenues |
0 |
0 |
38,304,000 |
38,304,000 |
|
Interest and Other Income |
2,200,900 |
1,377,500 |
636,300 |
4,214,700 |
|
6.40 Mill Tax Revenue Sharing |
355,000 |
442,700 |
0 |
797,700 |
|
Total Operating Revenues |
57,223,900 |
56,751,500 |
38,940,300 |
152,915,700 |
|
Less Operating Expenses (see operating budget) |
50,959,318 |
40,351,906 |
21,407,500 |
112,718,724 |
|
Less Depreciation (a) |
11,700,000 |
8,600,000 |
9,200,000 |
29,500,000 |
|
Net Operating Revenues |
(5,435,418) |
7,799,594 |
8,332,800 |
10,696,976 |
|
Non-Operating Revenue\Expenses: |
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|
Participation By Others (b) |
850,000 |
10,200,000 |
36,699,000 |
47,749,000 |
|
Uncollectibles and Claims |
(3,389,400) |
(4,527,500) |
(2,931,200) |
(10,848,100) |
|
Interest Expense |
(782,068) |
(6,632,884) |
(553,546) |
(7,968,498) |
|
Interest Expense on Proposed Bonds (07/01/02) |
0 |
0 |
(299,000) |
(299,000) |
|
Total Non-Operating Revenue\Expenses |
(3,321,468) |
(960,384) |
32,915,254 |
28,633,402 |
|
Net Income (Operating & Non-Operating Revenue) |
(8,756,886) |
6,839,210 |
41,248,054 |
39,330,378 |
|
Net Income after operating expenditures is available for debt service and capital improvements, but only for that particular system. |
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|
Bonds Principal Payable |
(1,050,000) |
(4,250,000) |
(1,435,000) |
(6,735,000) |
|
Proposed Bonds Principle Payable (07/01/02) |
0 |
0 |
(184,000) |
(184,000) |
|
Total Net Income After Bonds Principal Payable |
(9,806,886) |
2,589,210 |
39,629,054 |
32,411,378 |
|
Depreciation (a) |
11,700,000 |
8,600,000 |
9,200,000 |
29,500,000 |
|
Net Income Allocated To Capital |
$ 1,893,114 |
$ 11,189,210 |
$ 48,829,054 |
$ 61,911,378 |
|
(a) 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. |
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|
(b) Includes federal sewer system grants, Southeastern Louisiana Flood Control Program (SELA), and other outside funding sources. |
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Source:
S&WB 2002 Operating Budget
Recompiled by BGR February 2002