Title:
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A Resolution approving Fiscal Year 2012 Operating and Capital Budgets of the Washington Suburban Sanitary Commission and recommendation of Water and Sewer rates and Ad Valorem Tax Levies for Fiscal Year 2012.
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Title
A Resolution approving Fiscal Year 2012 Operating and Capital Budgets of the Washington Suburban Sanitary Commission and recommendation of Water and Sewer rates and Ad Valorem Tax Levies for Fiscal Year 2012.
Background
Section 17-202 of the Public Utilities Article, of the Annotated Code of Maryland, requires the joint approval of the Prince George’s and Montgomery County Councils for changes to the submitted WSSC operating and capital budgets. This resolution recommends the WSSC adopt an 8.5% rate increase in water and sewer rates. The joint approval of both Councils is required to increase operating expenditures above the amount approved for Fiscal Year 2012. Any changes to the Operating or Capital Budget categories which exceed the approved categories by 5% or greater requires prior Council approval. Below the 5% limit, the Commission may authorize the transfer of funds between categories.
FY2012 Water and Sewer Operating Budget - $ 574,985,000
FY2012 Interest and Sinking Operating Budget - $ 51,160,000
TOTAL FY2012 Operating Budget - $ 626,145,000
FY2012 Capital Budget - $ 565,922,000
TOTAL FY2011 Operating and Capital Budget - $ 1,192,067,000
Rate Increase - 8.5%
SDC Fee - $203
Water Production – 170.0 million gallons per day
Authorized Work-Years - 1681