Sewer System Construction Fund
Source: PDF pp. 1126-1127 ↗ · raw: 1126 · 1127
Breadcrumb: Fund Summaries > Public Works. > Sewer System Construction Fund
City of Portland Fiscal Year 2026-27 Proposed Budget Public Works> Sewer System Construction Fund Sewer System Construction Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $475,477,259 $372,928,869 $315,995,783 $408,165,576 Fund Expense $241,406,201 $266,200,339 $315,995,783 $408,165,576 Contingency $0 $0 $72,975,783 $229,522,938 Debt Service $112,879 $0 $0 $1,029,791 Fund Transfers - $241,293,322 $266,200,339 $243,020,000 $177,612,847 Expense Unappropriated $234,071,058 $106,728,530 $0 $0 Ending Fund Balance $234,071,058 $106,728,530 $0 $0 Revenue $475,477,259 $372,928,869 $315,995,783 $408,165,576 External Revenues $337,748,729 $5,582,397 $5,690,000 $242,212,780 Bond & Note $331,185,923 $0 $0 $236,029,721 Proceeds Charges for Services $0 $684,235 $0 $0 Miscellaneous $6,562,806 $4,898,162 $5,690,000 $6,183,059 Internal Revenues $137,728,530 $367,346,472 $310,305,783 $165,952,796 Beginning Fund $106,728,530 $308,346,472 $246,071,058 $90,952,796 Balance Fund Transfers - $31,000,000 $59,000,000 $64,234,725 $75,000,000 Revenue Fund Overview The Sewer System Construction Fund receives revenues to fund sewer system capital projects. Direct expenditures for capital projects are budgeted within the Sewer System Operating Fund and reimbursed by the Sewer System Construction Fund. The primary resources for the Sewer System Construction Fund are proceeds from the sale of sewer system revenue bonds, transfers from the Sewer System Operating Fund for cash financing of capital improvements, and line and branch charges from new sewer connections. Managing Agency Bureau of Environmental Services Significant Changes from Prior Year 1126
City of Portland Fiscal Year 2026-27 Proposed Budget The beginning fund balance of $69.9 million in FY 2026-27 (down from $234 million in FY 2025-26 revised budget) is lower as a result of the spend-down of bonds issued in the prior fiscal year for capital improvements, which is offset by cash contributed from sewer rate revenues to fund the bureau's capital investment program until the next bond sale occurs in the Fall of 2026. Revenue from fund transfers is budgeted to be $65 million from the Sewer System Operating Fund, compared to the $55.2 million in the FY 2025-26 Revised Budget. The increase reflects higher cash contributions to CIP investments. Miscellaneous revenues of $5.7 million, composed primarily of interest earnings, are expected in FY 2026-27. This increased from $5.2 million in the FY 2025-26 revised budget. The bureau issues bonds about every two years to fund capital investment and is expecting to issue about $235 million of sewer revenue bonds in FY 2026-27. There were no bonds issued in FY 2025-26. Fund transfer expenses of $177.6 million reflect the reimbursement of operating fund CIP expenditures. This is a decrease of $65.4 million from FY 2025-26 revised budget when the CIP investments were higher primarily due to the STEP project. The contingency projection for FY 2026-27 is $198.1 million, up from $51.5 million in the 2025-26 revised budget and reflects the balance of remaining bond proceeds from the anticipated Fall 2026 sale, and non-bond cash resulting from the transfer from the Sewer System Operating Fund. 1127
Parent: Public Works. · PDF: pp. 1126-1127 ↗