HomeMy WebLinkAbout6 PW 2022-2025 Sewer Budget SummaryExpenditures 2022 2023 2024 2025 Total
Staffing Costs 263,288$ 313,264$ 300,960$ 195,620$ 1,073,132$ Project Mgr., PT Project Mgr., PW Director, PT Finance/Grants
Consultant (Design, Permitting)697,500$ 23,250$ 12,800$ 733,550$ Remaining work after 2021
Consultant (Finance/Ordinance/Grants)350,000$ 350,000$ Legal, Grant applications, Rate Studies, Legislative
Consultant (Construction Admin/Mgmt.)60,000$ 795,000$ 812,000$ 157,300$ 1,824,300$ 7%Independent construction mgmt. firm, and design engineer firm
Contractor (Treatment Plant)5,000,000$ 4,888,000$ 9,888,000$ Cost from Facility Plan (includes 12% to 20% design contingency & 10% construction contingency)
Contractor (Collection System)2,500,000$ 3,173,000$ 5,673,000$ Cost from Facility Plan (includes 12% to 20% design contingency & 10% construction contingency)
Contractor (Alcohol Extension)2,500,000$ 2,500,000$ Planning level estimate at this time. Horizontal directional drilling, dedicated force main, equalization basin, pump station
Contractor (Grinder/On-site)3,733,000$ 3,733,000$ Will vary depending on final number of hookups.
Inflation/Bidding Climate 1,470,000$ 2,311,624$ 3,781,624$ 2022 Facility Plan costs inflated 4% to 2023/24. 15% for unusually "hot" bidding climate.
Misc. Expenses 125,000$ 25,000$ 25,000$ 25,000$ 200,000$
Total Expenditure:1,495,788$ 10,126,514$ 17,756,384$ 377,920$ 29,756,606$ 29,756,606$ Check
Revenues 2022 2023 2024 2025 Total
Commerce Direct Appropriation - Design ($1.4M)354,384$ -$ 354,384$ Remaining after 2021
Commerce Direct Appropriation - Construction ($20.175M)9,331,514$ 10,843,486$ 20,175,000$ Secured
Senator Murray Appropriation - Construction ($2.5M)2,500,000$ 2,500,000$ Looking positive. May come with 20% match requirement
ARPA Funds (County)1,081,404$ 795,000$ 2,912,898$ 377,920$ 5,167,222$ Required to fill funding gap without other grant funding
County Capital Funds 60,000$ 60,000$
Other Grants (Ecology, USDA, etc)-$ Unknown at this time.
EDA Funds -$ NOFO just came out
Customer Connections and Side Sewer Payments 1,500,000$ 1,500,000$ Depends on final number of hookups and amount customers pay for connection and on-site costs.
Total Revenue:1,495,788$ 10,126,514$ 17,756,384$ 377,920$ 29,756,606$ 29,756,606$ Check
Revenue minus Expenditure:-$ -$ -$ -$ -$ This line should be $0 ($zero) when revenues match expenditures
Notes:
1) 2021 Year End Unreserved Cash Balance is approximately $0 (zero). Requires budgeted transfer in 2021 of $270,000.
2) Debt expense and revenue (PIF) not shown for the sake of simplifying since they offset each other.
3) Assume appropriation from State ($20.175M) can only reimburse construction costs
4) Assume appropriation from Murray ($2.5M) can only reimburse construction costs
5) Assume all construction occurs in 2023 & 2024
6) Appropriations/ARPA can be used to offset grinder pump and on-site costs. Still a big question mark ???
7) Facility Plan included 20% design contingency and 10% construction contingency. Updated costs estimates due at 60% late fall 2021.