2030 Plan - Grand Strand Water and Sewer Authority
2030 Plan - Grand Strand Water and Sewer Authority
2030 Plan - Grand Strand Water and Sewer Authority
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h. <strong>Water</strong> Capital Improvement Financing <strong>Plan</strong><br />
A key component of the CIP is developing a financing plan to ensure that funding is<br />
available to construct the projects <strong>and</strong> also to determine how the costs will affect<br />
customers’ rates <strong>and</strong> charges. The water plan projects spending $263,000,000 for capital<br />
improvements over the 20-year planning period.<br />
GSWSA currently has approximately $95,500,000 in debt <strong>and</strong> $32,000,000 in cash<br />
reserves for capital spending. Future capital funds will be from the following sources:<br />
• Wholesale customers’ monthly capital charges<br />
• Bulk customers’ monthly capital charges<br />
• Retail customers’ monthly availability <strong>and</strong> Safe <strong>Water</strong> charges<br />
• Rural customers’ monthly rural water charges<br />
• New customers’ impact fees<br />
Based on the combination of fees <strong>and</strong> charges, GSWSA will be able to implement the<br />
$263,000,000 CIP with only minor increases in current capital charges.<br />
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