CENTRAL KITSAP COUNTY WASTEWATER FACILITY PLAN ...

9: Financing Evaluation Central Kitsap County Wastewater Facility Plan
Table 9-1. Alternative 1 CIP Financing Plan: No Reuse (Secondary Treatment Only)
Capital Improvement Program Financing Plan Total 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
2009 Capital Costs $411,604,003 $25,547,309 $33,361,111 $20,220,121 $40,962,536 $55,278,564 $38,842,850 $28,437,305 $25,077,305 $23,179,297 $24,314,954 $23,539,454 $17,227,216 $15,965,927 $14,328,927 $14,093,813 $11,227,313
Inflated Capital Costs $499,880,190 $26,313,729 $35,362,778 $22,039,932 $45,878,040 $63,570,349 $45,834,563 $34,409,139 $31,095,858 $29,437,708 $31,609,440 $31,307,474 $23,429,014 $22,192,639 $20,347,077 $20,436,028 $16,616,423
Sources of Funds to Finance the CIP:
Customer Rates
Newcomers Assessments $22,820,644 $677,043 $794,919 $868,385 $1,021,312 $1,233,213 $1,335,068 $1,411,533 $1,480,634 $1,546,052 $1,616,295 $1,685,867 $1,737,931 $1,787,248 $1,832,464 $1,877,877 $1,914,803
402 Operating Fund $2,000,000 $2,000,000
405 Reserve Fund Improvement $5,397,943 $5,397,943
410 Reserve Funds Capital $3,450,480 $3,450,480
411 Reserve Fund R&R
Bond Proceeds $466,211,123 $14,788,263 $34,567,859 $21,171,546 $44,856,728 $62,337,136 $44,499,495 $32,997,606 $29,615,224 $27,891,656 $29,993,145 $29,621,607 $21,691,083 $20,405,390 $18,514,613 $18,558,151 $14,701,620
Total Sources of Funds $499,880,190 $26,313,729 $35,362,778 $22,039,932 $45,878,040 $63,570,349 $45,834,563 $34,409,139 $31,095,858 $29,437,708 $31,609,440 $31,307,474 $23,429,014 $22,192,639 $20,347,077 $20,436,028 $16,616,423
Annual Bond Payment $1,187,000 $3,961,000 $5,660,000 $9,259,000 $14,261,000 $17,832,000 $20,480,000 $22,856,000 $25,094,000 $27,501,000 $29,878,000 $31,619,000 $33,256,000 $34,742,000 $36,231,000 $37,411,000
Table 9-2. Alternative 2 CIP Financing Plan: Partial Reuse (3.5 mgd)
Capital Improvement Program Financing Plan Total 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
2009 Capital Costs $439,604,355 $25,547,309 $34,761,129 $21,620,138 $43,762,571 $66,478,705 $50,042,991 $28,437,305 $25,077,305 $23,179,297 $24,314,954 $23,539,454 $17,227,216 $15,965,927 $14,328,927 $14,093,813 $11,227,313
Inflated Capital Costs $532,122,596 $26,313,729 $36,846,797 $23,565,951 $49,014,080 $76,450,511 $59,050,730 $34,409,139 $31,095,858 $29,437,708 $31,609,440 $31,307,474 $23,429,014 $22,192,639 $20,347,077 $20,436,028 $16,616,423
Sources of Funds to Finance the CIP:
Customer Rates
Newcomers Assessments $23,940,222 $677,043 $799,865 $878,419 $1,041,799 $1,296,634 $1,427,858 $1,504,323 $1,573,424 $1,638,842 $1,709,085 $1,778,657 $1,830,721 $1,880,038 $1,925,254 $1,970,668 $2,007,593
402 Operating Fund $2,000,000 $2,000,000
405 Reserve Fund Improvement $5,397,943 $5,397,943
410 Reserve Funds Capital $3,450,480 $3,450,480
411 Reserve Fund R&R
Bond Proceeds $497,333,951 $14,788,263 $36,046,931 $22,687,532 $47,972,281 $75,153,877 $57,622,872 $32,904,816 $29,522,434 $27,798,866 $29,900,355 $29,528,817 $21,598,293 $20,312,600 $18,421,822 $18,465,361 $14,608,830
Total Sources of Funds $532,122,596 $26,313,729 $36,846,797 $23,565,951 $49,014,080 $76,450,511 $59,050,730 $34,409,139 $31,095,858 $29,437,708 $31,609,440 $31,307,474 $23,429,014 $22,192,639 $20,347,077 $20,436,028 $16,616,423
Annual Bond Payment $1,187,000 $4,079,000 $5,900,000 $9,749,000 $15,780,000 $20,404,000 $23,044,000 $25,413,000 $27,644,000 $30,043,000 $32,412,000 $34,145,000 $35,775,000 $37,253,000 $38,735,000 $39,907,000
9-3
DRAFT for review purposes only.
Use of contents on this sheet is subject to the limitations specified at the end of this document.
P:\132857 Kitsap WW Facility Plan Ph II\600 Facility Plan\Revision 3 Draft Final Facility Plan\Chapter 9\Chapter_9 JL (2).doc