Title
The Board of Water Commissioners for the City of Detroit Water and Sewerage Department approves the proposed two-year operating budgets for Fiscal Years 2021-22 and 2022-23 for the Water Supply Operating Fund in the amounts of $122,941,800 and $125,170,100, respectively, and for the Sewage Disposal Operating Fund in the amounts of $371,768,800 and $375,650,700, respectively; and further authorizes the Director and Chief Financial Officer to take such other action as may be necessary to accomplish the intent of this vote.
Body
Agenda of February 17, 2021 Item No. 21-0386
Fiscal Year 2022 and Fiscal Year 2023 Water Supply Operating Fund and Sewage Disposal Operating Fund Budgets
TO: The Honorable
Board of Water Commissioners City of Detroit, Michigan
FROM: Gary Brown, Director
Detroit Water and Sewerage Department
RE: Resolution Adopting the Biennial Fiscal Year 2022 and Fiscal Year 2023 Operating Budgets for the Water Supply and Sewage Disposal Systems
MOTION
The Board of Water Commissioners for the City of Detroit Water and Sewerage Department approves the proposed two-year operating budgets for Fiscal Years 2021-22 and 2022-23 for the Water Supply Operating Fund in the amounts of $122,941,800 and $125,170,100, respectively, and for the Sewage Disposal Operating Fund in the amounts of $371,768,800 and $375,650,700, respectively; and further authorizes the Director and Chief Financial Officer to take such other action as may be necessary to accomplish the intent of this vote.
RESOLUTION
WHEREAS The Great Lakes Water Authority (“GLWA”) assumed operation of the regional water and sewer systems and the Detroit Water and Sewerage Department (“DWSD”) continued operation of the retail water and sewer systems on January 1, 2016 pursuant to Lease Agreements between GLWA and the City of Detroit dated June 12, 2015.
WHEREAS In accordance with the Lease Agreements, the Detroit Board of Water Commissioners shall adopt a two year (Biennial) operating budgets for the Water Supply and Sewage Disposal systems; and
WHEREAS The Fiscal Year 2021-22 and Fiscal Year 2022-23 budgets have been prepared in accordance using the contractual (lease) basis of accounting; and
WHEREAS The budgeted expenses for each such Fiscal Year are equal to the sum of the projected operating expenses and other revenue requirements for the Water Supply System and the Sewage Disposal System for each such Fiscal Year; and
WHEREAS The budgeted annual revenue requirement for the Water Supply System for Fiscal Year 2022 is $122,941,800 and for Fiscal Year 2023 is $125,170,100; and
WHEREAS The budgeted annual revenue requirement for the Sewage Disposal System for Fiscal Year 2022 is $371,768,800 and for Fiscal Year 2023 is $375,650,700; and
WHEREAS A notice for the virtual public hearing on the proposed budgets was held on January 20, 2021 at 2:00 p.m. and was published in The Detroit Legal News, Michigan.com, and the Michigan Chronicle announcing a public hearing on the budget in addition to posting the notice at DWSD locations; and
WHEREAS The Board of Water Commissioners conducted a public hearing on the proposed budgets in accordance with the provisions of Public Act No. 43 of the Acts of the State Legislature of 1963 (“Budget Hearings of Local Governments”).
NOW THEREFORE BE IT:
RESOLVED That the Board of Water Commissioners conducted a virtual public hearing on January, 20, 2021 to receive public comment regarding the proposed budgets for the Fiscal Years 2022 and 2023; and be it further
RESOLVED That the Board of Water Commissioners approves the attached Biennial Budgets for Fiscal Years 2022 and 2023; and be it finally
RESOLVED That the Director, and the Chief Financial Officer are authorized to take such other action as may be necessary to accomplish the intent of this resolution.