Agenda - 06-12-2007-3d - Laserfiche WebLink

Browse Search

OWASA May 8; ;2007 ... . ORANGE WATER & 'SEWER AUTHORITY Qua7~ty `.`Service' S2nce 9;977 Moses Carey Jr., "Chair Orange County Baard of Conuriissoners' P.O :Box 81;8:1 Hillsborough; NC" 2727$ 1V~[ark Chilton; Mayor Town of Carrboro 301 West Main S.tteet Carrboro, NC 27510;: Kevin Foy,, Mayor: Town of Chapel Hill. 405.11!Iartxn:Luther.ICing Jr: Boulevard Chapel Hi11; NC 27514 SUBJECT:; Proposed'Water:;and Sewer Rate`Changes and Increases,, Presentations=to ttlie ()raiiige ~oiunty: Board of Commissiioners sand iCarrbaro:8aard of Aldermanon May "15 2007 and tothe Chapel Hill Town" Council on May 21 Z~07 Dear Chair Carey, Ivfayor Chilton and Ivlayor Foy::. 'Thank: you foie gtving us'the oppgxtuiuty to make presentations to each; of the local governing; Baards regarding our watei:' and 'sewer rate proposals As a follaw~up to the information we proutded to you an April 2, 2097 and as background. nfarmation for. our: upcoming presentations, .I would like to focus ri this;letter on iwo questions: ,, 1 Haw rt:rlch >revenue: "does DYIjAS4 need to: c~nfinrre tle ligJz duality of `wafer" atrid'sefver servicei`hatourcreslnmerse~epect r><ndfv~ wlzatpurposes?~ 'We will not adopt:-a budget for,..:Fiscal Year ;2Q07=08 until June: However, our P:relurunary $udget identifies expenditure totals of $46 6 million, of which $28 4 millxon'will be funded from. operating revenues, .cornpared.to $27:0 tnillibn in the: current budget . Proposed expenditures' for' the next yeax axe'` ;$18 4 m~lIion for capital improvements 18 5 riulhori, for'operatons and rnairitenance and'.capital;equipnenf; 9 Tmillon fordebt service $46 6 million As shown,: our projected capital xnprot!ement;costs and debt. ;service for capital projects, Total„ $28 l: inilhori-or "60% of our budget: For several years, because- OWASA recognizes the,: need to properly find the renoyatton. and, Teplacement_'of aging and 'inadequate facilities, the capital program :costs. have comprised'th'e; ma3ority of,our annual budgets: The True cost of water:: and wastewater. services. includes ;thee essential cost; of rezewing;;and updating.. utility; assets to protect ;their value, fiuichoriahties; and., _ , sustainability: 400')ones Ferry Road Equal Q,pporiomty, Einplo~~er. voicc:(~19)"Jfi$-442:1 AQ,$ox 366 Printed on; Recycled l?aper FAX,(919~,9Gt3=;4464 .CarrEaoro,NC275i0-0366; a~~•ri•:ou~usa nr~j;