HomeMy WebLinkAbout11.c LB 2024-2025 Capital Resolution Final CLAY COUNTY UTILITY AUTHORITY
RESOLUTION NO. 2024/2025-03
A RESOLUTION OF THE BOARD OF
SUPERVISORS OF THE CLAY COUNTY
UTILITY AUTHORITY ADOPTING FIVE (5)-
YEAR PLAN FOR CAPITAL PROJECTS;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, Resolution No. 2024/2025-02 of the Clay County Utility Authority (the
"Authority"),adopted the Authority's annual budget for Fiscal Year 2024/2025,beginning October
1,2024, and continuing through September 30, 2025,which incorporates anticipated revenues and
expenditures for all systems operated by the Authority for such period, and which further includes
the current year's budget for capital projects expenditures to be made pursuant to the Authority's
Five (5)-Year Capital Plan; and
WHEREAS,the Five(5)-Year Capital Plan was submitted by Authority staff to the Board of
Supervisors for the Authority with the 2024/2025 annual budget proposal, in reference to the Board
of Supervisors' approval and adoption of 2024/2025 annual budget and current year's budget for
capital projects expenditures to be made pursuant to the Authority's Five(5)-Year Capital Plan;and
WHEREAS,consistent with the master planning requirements of Section 24 of Chapter 94-
491, Laws of Florida, Special Acts of 1994, by which the Authority was created as a multicounty
independent special district of the State of Florida, it is necessary and appropriate that the Board of
Supervisors for the Authority formally adopt and ratify its current Five (5)-Year Capital Plan for
capital projects budgeted and scheduled for commencement,continuation work,and/or completion
with the five(5)-year period beginning effective October 1,2024, and continuing through September
30, 2029.
NOW THEREFORE,BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
THE CLAY COUNTY UTILITY AUTHORITY, an independent special district created and
existing under Chapter 94-491, Laws of Florida, as follows:
Section 1. The Board does hereby formally adopt and approve the Authority's Five(5)-
year capital plan for the five (5)-year period beginning October 1, 2024, and continuing through
September 30, 2029, in the form as attached hereto as Exhibit "A", attached hereto and herein
incorporated by reference, which plan also includes the Fiscal Year 2024/2025 budget for the
Authority's capital projects expenditures, as previously adopted in Resolution No. 2024/2025-02.
Section 2. This Resolution shall become effective as of October 1, 2024, being the
commencement of the applicable five (5)-year period for the Authority's capital projects.
1 Resolution No. 2024/2025-03
DULY ADOPTED by the Board of Supervisors of the Clay County Utility Authority and
effective as of October 1, 2024.
CLAY COUNTY UTILITY AUTHORITY,
BY ITS BOARD OF SUPERVISORS
By:
, Chairman
ATTEST:
By:
Janice Loudermilk, Secretary
Clay County Utility Authority
(Seal)
2 Resolution No. 2024/2025-03
Exhibit "A"
Clay County Utility Authority
2024/2025 Capital Projects Expenditures Budget
And Five Year Capital Projects Plan
Adjusted for Prior Year Jobs Not Completed as of 3/31/2024 ADJUSTED
FISCAL YEAR Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
2023/2024 2024/2025 2025/2026 2026/2027 2027/2028 2028/2029 TOTALS
REVENUES:
Balance October 1,2023,to include Transfers 154,438,294 154,438,294
Funds Spent on Jobs Prior to FY 2022/2023 (107,789,629) (107,789,629)
Renewal,Replacement&Betterment 2,844,521 3,105,946 3,385,481 3,724,029 4,096,432 4,506,075 21,662,485
Departmental Capital Transfer 1,275,500 1,620,100 1,250,000 1,250,000 1,250,000 1,250,000 7,895,600
Environmental Reuse Capital Fund Transfer 1,396,297 1,497,529 1,542,455 1,588,729 1,636,390 1,685,482 9,346,882
Capacity Fees Transfer 11,142,248 9,818,542 16,658,793 20,490,315 24,520,077 25,255,680 107,885,655
Grant Revenue 1,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 14,000,000
Alternative Water Supply Transfer 762,920 816,634 865,632 917,570 972,624 1,030,982 5,366,362
Debt Service Charge 240,480 286,500 380,472 476,736 573,000 666,972 2,624,160
Surplus Transfer(Operating Contingency Utility&Capital Reserve,includes add'l R&R) 7,128,251 8,197,194 8,443,110 8,696,403 9,131,223 9,587,784 51,183,966
Restricted Interest Earnings 2,285 392,222 196,111 5,000 5,000 5,000 605,618
Borrowing/Utilization of Surplus Funds if needed 127,785,290 38,057,021 (10,116,270) 21,199,653 (23,360,463) (31,182,528) 122,382,704
Balances After Transfers 200,726,457 66,291,688 25,105,784 60,848,436 21,324,285 15,305,448 389,602,096
CAPITAL EXPENDITURES:
Capital PtxMl
Construction 155,332,146.46 600,000.00 0.00 0.00 0.00 0.00 155,932,146.46
Design 6,073,739.74 20,346,754.30 1,000,000.00 6,745,649.32 1,000,000.00 1,000,000.00 36,166,143.36
Concept 1,603,540.46 23,447,641.35 7,959,396.64 34,657,067.15 4,471,670.00 0.00 72,139,315.60
Requests 3,842,000.00 6,422,043.20 6,422,043.20 6,422,043.20 6,422,043.20 29,530,172.80
Operation R&R 9,124,100.50 6,598,400.00 6,192,000.00 6,242,000.00 6,242,000.00 5,242,000.00 39,640,500.50
Operations 10,345,069.99 3,850,375.00 1,250,000.00 1,250,000.00 1,250,000.00 1,250,000.00 19,195,444.99
Service Availability 1,580,000.00 1,580,000.00
Subtotals 182,478,597.15 60,265,170.65 22,823,439.84 55,316,759.67 19,385,713.20 13,914,043.20 354,183,723.71
Management Reserve($) 18,247,859.71 6,026,517.06 2,282,343.98 5,531,675.97 1,938,571.32 1,391,404.32 35,418,372.36
TOTAL CAPITAL EXPENDITURES 200,726,456.86 66,291,687.71 25,105,783.82 60,848,435.64 21,324,284.52 15,305,447.52 389,602,096.07
Capital Expenditures Breakdown:
Construction 170,865,361 660,000 - - - - 171,525,361
Design/Concept 8,445,008 48,173,835 9,855,336 45,542,988 6,018,837 1,100,000 119,136,005
All Others 21,416,088 17,457,852 15,250,448 15,305,448 15,305,448 14,205,448 98,940,730
200,726,457 66,291,688 25,105,784 60,848,436 21,324,285 15,305,448 389,602,096
Exhibit"A"-Page 1 of 1