Title
The Board of Water Commissioners approves the proposed amended FY 2017-18 $119,761,070.00 water system budget and $274,246,325.00 sewage disposal system budget for the City of Detroit Water and Sewerage Department, and also authorizes the Director to take such other action as may be necessary to accomplish the intent of this vote.
Body
Agenda of May 17, 2017
Item No. 17-0092
FY 2017-18 Water and Sewage Disposal Budgets
TO: The Honorable
Board of Water Commissioners
City of Detroit, Michigan
FROM: Gary Brown, Director
Detroit Water and Sewerage Department
RE: Adoption of the Amended FY 2017-18 budget for the Water and Sewage Disposal Systems
MOTION
Upon recommendation of Gary Brown, Director, the Board of Water Commissioners approves the proposed amended FY 2017-18 $119,761,070.00 water system budget and $274,246,325.00 sewage disposal system budget for the City of Detroit Water and Sewerage Department, and also authorizes the Director to take such other action as may be necessary to accomplish the intent of this vote.
The proposed FY 2017-18 and FY2018-19 budgets for the City of Detroit Water and Sewerage Department were approved by the Board of Water Commission Finance Committee on March 15, 2017.
On May 3, 2017, the Board of Water Commission Finance Committee was informed that we could not show the refunding of the overpayment of cash currently held at GLWA as a negative expense in the FY18 budget. The budget was revised to show the overpayment of $4,379,621.00 ($2,080,686.00 water/$2,298,935.00 sewerage) as a revenue instead. The net impact on the budget and rates will remain the same.