Budget Summary

The District utilizes a fund structure developed to accommodate mandates of the District’s Bond Order with generally accepted accounting principles for proprietary governments. Appropriated funds, which are those funds that must have a board-approved budget, include the Revenue Fund from which operational and maintenance expenditures are made, the General Fund that transfers pay-as-you-go funding authorized for construction, theConstruction Fund thatincorporates CIP expenditures, theReplacementFunds providing funding forFleet, WRF,andPumpStations equipment,and DebtServiceFunds.

Financial plans are approved for those other funds whose expenditures are determined by external parties or contractualagreements suchas theinsurance,debtreserve,andcapitalreserve funds.

The budget summary chart below shows total activity for all funds and consolidates the effect of transfers between funds.

NOTE: Both Operation and Maintenance and Capital Equipment expenditures represent actual amounts to be spent in the respective reserve funds. These amounts do not include current year reserve funds funding request.

Metropolitan Sewerage District of Buncombe County, NC