Water Construction Fund

Source: PDF pp. 1140-1141 ↗ · raw: 1140 · 1141

Breadcrumb: Fund Summaries > Public Works. > Water Construction Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Public Works> Water Construction Fund Water Construction Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $350,270,246 $167,660,030 $844,347,955 $890,690,956 Fund Expense $336,558,281 $158,705,117 $732,672,770 $622,553,862 Fund Transfers - $336,558,281 $158,705,117 $732,672,770 $622,553,862 Expense Unappropriated $13,711,965 $8,954,913 $111,675,185 $268,137,094 Ending Fund Balance $13,711,965 $8,954,913 $111,675,185 $268,137,094 Revenue $350,270,244 $167,660,030 $844,347,955 $890,690,956 External Revenues $257,816,838 $84,244,928 $570,886,134 $606,283,348 Bond & Note $254,168,395 $79,655,396 $559,500,000 $591,000,000 Proceeds Charges for Services $2,437,945 $3,250,035 $2,900,000 $1,000,000 Miscellaneous $1,210,498 $1,339,497 $8,486,134 $14,283,348 Internal Revenues $92,453,406 $83,415,102 $273,461,821 $284,407,608 Beginning Fund $8,954,913 $30,040,681 $152,066,405 $219,841,708 Balance Fund Transfers - $83,498,493 $53,374,421 $121,395,416 $64,565,900 Revenue Fund Overview The Water Construction Fund is the capital fund of the Portland Water Bureau. This fund pays for equipment and capital expenditures for the water system, including ongoing capital repair and replacement, enhancements, and large and nonrecurring additions to the system. Managing Agency Portland Water Bureau Significant Changes from Prior Year By City Charter stipulation, this fund is the recipient of proceeds from bond sales and system development charges (SDC). Some water sales revenues also are transferred to this fund to finance a portion of capital expenditures for routine system repairs and 1140

City of Portland Fiscal Year 2026-27 Proposed Budget replacements and to reduce the overall debt load of the bureau, namely cash financed capital. Revenue bond sales are planned every year to fund the capital program through FY 2029-30. The Water Construction Fund’s Charges for Services come from SDC. Due to the Temporary SDC Exemption Program and lower level of development activities, the FY 2026-27 Revised Budget for Charges for Services was reduced by almost two thirds from that of the FY 2025-26 Revised Budget. The large reduction in Fund Transfers – Revenue is largely driven by the $55.7 million less cash financed capital from Water Fund. The Water Construction Fund reimburses the Water Bureau’s operating fund for expenditures incurred in that fund. Expenses include direct capital costs, capitalized overhead, capitalized interest, and the cost of issuing bonds. In FY 2026-27, the Water Construction Fund is budgeted to transfer $622.6 million to reimburse the Water Fund for direct and indirect capital costs, a decrease of $110.1 million from the FY 2025-26 Revised Budget. 1141

Parent: Public Works. · PDF: pp. 1140-1141 ↗