City of Plymouth Proposed 2022-2023 Budget - Flipbook - Page 215
The Water and Sewer Operating Fund provides water and sewer services to the
residents of the City, including the purchase of bulk water supply and the
purchase of sewage disposal services from the Great Lakes Water Authority
(GLWA) as well as the operation and maintenance of the local water distribution
and sewage collection systems including accounting, billing and
administration.
Debt service costs related to water and sewer capital construction are recorded
in the 2012 LTGO W/S Refunding Bond Debt Fund (#313) for construction
projects in 1999 and 2000 which were financed with water and sewer revenue
bonds issued pursuant to Act 94 of 1933 and for construction in 2004 financed
by bonds issued under Act 34 of 2001 and in the 2015 LTGO Capital
Improvement Bond Debt Fund (#315) for improvements on Mill Street during
early 2015.
Construction of water and sewer utility systems completed in connection with
bond financed street improvements is accounted for in the Water and Sewer
Capital Improvement Fund (#560) and in the 2015 LTGO Capital Improvement
Bond Construction Fund or work on Mill Street constructed in early 2015.
-592WATER / SEWER OPERATING FUND
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