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<br /> <br />CClpitilllmprovp.mp.nts PrnerClI11 <br /> <br />More than $1.3 billion of the Water <br />Authority'~S~. J:-.btflion Capital <br />Improvements Program has been spent <br />or committed through Fiscal )ear ended <br />June 30, 2000. To fund most of the <br />Capital Improvements Plan, the \Vater <br />Authorit}, sells tax-exempt municipal <br />bonds. These bonds are repaid from the <br />folloy.ring revenue sources: <br /> <br />0) Regional Connection Charges <br />0) Quarter Penny Sales Tax <br />0) Sl\~,(~ Commodity Charge <br />0) Sl\WA Reliability Surcharge <br />0) Proceeds from a portion of public <br />land sales <br /> <br />According to the \Vater Authority's <br />Capital Improvements Funding Plan, <br />approximately 57 percent of the revenues <br />needed to make debt sen'ice payments on <br />the bonds sold to fund the Capital <br />Improvements Plan \\ill come from <br />Regional Connection Charges. The <br />Regional Connection Charge went into <br />effect in March 1996. Through Junt' 30, <br />2000. the \Vater Authority has coJlt'cled <br />approximately $248 million in Regional <br />Connection Charp;es. <br /> <br />Fllndine <br /> <br />Sales taxes ",ill prmide the nex.t most <br />revenues for the Capital Improvements <br />Funding Plan-approximately 28 percent. <br />Through]un, 30. 2000. a 'otal of $64.5 <br />million in sales tax dollars has been <br />collected. <br /> <br />The Regional Commodity Charge and the <br />Reliability Surcharge pro\ide respectively <br />10 percent and 5 percent of the Capital <br />Improvements Funding Plan. Through <br />June 30. 2000. the \Vater Authority has <br />received $22 million from the Regional <br />Commodity Charge and $5 million from <br />the Reliability Surcharge. <br /> <br />In order to be exempt from the <br />requirement to rebate arbitrage interest <br />earnings to the IRS, the Water Authority <br />tries to sile bond is!>ues so that all <br />proceeds are completdy spellt .....ith.n 24 <br />months. Arbitrage interest is ddined as <br />the interest the \%tt'r Authority earns that <br />IS greater than the interest paid. The <br />\Vater Authority has earned approximately <br />$5 million in arbitrage inlerest so far. <br />Arbitragt' interest earned by the \Vater <br />Authority is used to reduct' the cost of the <br />Capitallmpmnments Program. <br /> <br />Southern Nevada Water Authority <br />CIP Funding Sources <br />Fiac.1 V.........nd...t Jun.. 30. 2000 <br /> <br />Th,llurrlwl:....addf:d.O~...,,'...."'I"of~ <br />Wa<..cAud>onty,.~rtlCopa(J"I:IIU~~ <br />1'''~on~concl!P'''''''.carnrnerc...l <br />CU1tamer"lloa...allogherl<:YelofulUulnO't<ifa". <br />...,,1....'l'l.....f'O'!.abohtyand.hauld~:w:(On:l,"ctY' <br />I <br /> <br /> <br />ITh"CI\;lCI""'appI'oe<l'oa",.n......cu"~...ho <br />ca<w><<u '0 ~ '~em of ~ '\IVa,.... Authonty', <br />p.utJ(opa(J"tPU~~.T,,",R~ <br />Con"<'CtlOno....-,epro.>dnthO'rnar<>m)'ofu... <br />r--. ... IN N...... hpual<ll'1 o..b< Servoc.. Fund <br /> <br />~ <br /> <br /> <br />L.~:'l'!I~;foCi'Illj~&J_ <br /> <br />Th<slUrrloa.-,e.'addO'dtou...""',e, <br />b<lI.ofu...Wa'....Au<l>ot1t,o-, <br />f1arrl('~""'~membO'r"lFund1 <br />f'alH<lfromthud'w'prec"l"lu......, <br />.......r~,I'lOukl~fo<~..."te' <br />qual,ryand.rnw.c.... r~habd.fJ <br /> <br />---l <br /> <br />fff <br /> <br />TIw,KI~fa".tl>e...1O' <br />-ofc....uonpubloc(fO'dtonll <br />b.nd'ontheLuv..p'~ <br />Purrl\ue~of<hcnO'la.ndsare <br />.-..qu<n!'d'o~"IO~en. <br />ofdl4!purrlQoepnu<o<he <br />'\IVa'....Authonry <br /> <br />Sales u~ on CIa,* County...u 'nc.....oe<l h>m 7 perren. '0 <br />72S....,."entonA.,nll.r999....,thn....rrenIW01:....app.r"Ovlol <br />n...2SP<'rcen.onc:....aoe..tofund...".....andWl,,~..... <br />...fnst.r\lClure on CW1< Caumy The '\IVa..... "uthonty rec......... <br />me onfra,~...1e1 u. fr-om tt>e DepaI'tmMI ofTuatl<ll'1 <br />MOnth!yandd..m"""..."topub/".....,....&nd_lI.....-al.... <br />:apr><:.... '" Cb,* C""",ry :w:carcIona: 10 .....erIoaI ",,,"menu <br />