02-11-04 Regular Meeting of the La Porte Area Water Authority Minutes

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EXHIBIT E CALCULATION OF ANNUAL BUDGET The Operation and Maintenance budgeted O&M Expenses, as currently calculated, consist of the following: (Item C in formula given in Section 4.3): . .1 Total City of Houston Non-Contract Plant Expenditures (including Salary and Benefits, Telephone, Electric, Insurance, Water Production Personnel, Meter Reading and Billing, and Other Related Direct Expenditures). .2 Total Contracted Water Services ( including any operating contract settlements, legal expenses and contractor claims). .3 Overhead Costs (based on a proportionate share of Management & Support, Finance and Administration, and Indirect Costs) with a fixed allocation of9% of Total Contracted Water Services per item .2 above. (Item D in formula given in Section 4.3): The Operation and Maintenance expenses budgeted by Houston for TRA and CW A as well as - the respective debt service as itemized below .4 TRA Debt Service .5 CWA Debt Service for all Series BOl)ds, except 1987, 1991, 1995, .6 CW A Debt Service, Series 1987 and 1991 times 17.525 %. .7 Future City Debt Service in support of Raw Water Storage and Transmission Facilities (Item F in formula given in Section 4.3): The CW A Debt Service expense (allocated 93.11 % to the Plant) for the 96 inch raw water pipeline leading to the Plant, tpn~~.fthe theq7c,HIT~cP!P9n~QI;l.()f!b~,p.jp.~liAe(~~ (C,Yg~~HlX,:J2R !V!QPl,~~g,.MQ.J;?}. . ..,,',,".'}',' ..... . .8 The formula for calculating the estimated budgeted cost per tho~and gallons is as follows: (e/B) X (1 +H)+ (DIE) X (1+H) = estimated cost per 1,000 galllons, with Band E described as follows: B = the total amount of water estimated to be produced by the Plant during the given year.