BUDGET

The Authority formulates and adopts an operating budget every year. This budget covers the calendar year and is usually adopted in December of the prior or January of the current year.

The operating budget covers all operational costs of running the collection system, the pump station and the treatment plant. Principal expense items include staff compensation, electric power, chemicals and repair and maintenance costs, as well as minor capital items.

Another major budget item is debt service, covering principal and interest payments on the outstanding debt incurred by the Authority to finance capital projects.

Major capital costs are included in a capital budget, which is reviewed annually (or more frequently) and updated as warranted.

Revenues derived from quarterly sewer charges to customers are the main source of funding to support operating expenditures. Other revenue sources include tapping fees, connection fees and interest on investments.

2008 BUDGET

The 2008 AVMA budget was presented and apprved at the December 20, 2007 meeting of the Authority. Both the Operating and Capital. The 2008 budget includes NO rate increase to customers.

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2007 BUDGET

The 2007 AVMA budget was presented and apprved at the December 21, 2006 meeting of the Authority. Both the Operating and Capital Budgets were passed and are included below:

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