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MWRA
Budgets and Revenues
The Board
of Directors approves MWRA expenditures for the upcoming fiscal year, which
begins each July 1, after budget review and comment by the MWRA
Advisory Board.
The Board
approves two different budgets:
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The
Current Expense Budget (CEB) includes all of the "out-of-pocket"
expenses for the upcoming year. Approximately 40% of the budget is
for direct costs like employee wages and benefits, chemicals, electricity,
diesel fuel, payments to operate the sludge pellet plant, and other
day-to-day expenses. The remaining 60% supports MWRAs extensive
repair and new construction activities, primarily through principal
and interest payments on the bonds that have been sold to finance
the capital program. |
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The
Capital Improvement Program (CIP) outlines the upcoming ten year spending
plan for rehabilitation and new construction -- the pipes, pump stations,
interceptors, treatment facilities, and other components of MWRAs
physical assets. The money to provide these infrastructure improvements
comes largely from the sale of various types of bonds, although some
federal grants and current year revenues cover a small share of these
costs. |
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WHERE
THE MONEY COMES FROM |
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Three-quarters
of the revenue necessary to support the annual CEB (and indirectly the
CIP) comes from MWRA customer communities. The balance comes from appropriations
from the Commonwealth, income from various MWRA invested funds, other
fees and charges, and prior year surpluses.
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