NOTICE OF PUBLIC HEARING: FY25 BUDGET AMENDMENT
The Chester Metropolitan District will hold a public hearing at the Chester Metropolitan District Office, located at 155 Wylie Street in Chester, South Carolina. The hearing will be held at 6:00 P.M. on October 3, 2024 for the purpose of receiving public comment on the proposed budget amendment for fiscal year 2024-2025.
The budget amendment outlined below will go into effect after the public hearing and board approval.
OPERATIONS BUDGET
| FY 2024-2025 | Proposed Amendment | Percentage Change | |
| Revenue | $10,818,599 | $10,893,599 | +0.69% |
| Expenditures | $10,818,599 | $10,893,599 | +0.69% |
The proposed budget amendment of Operations Budget includes the following items:
| FY 2024-2025 | Proposed Amendment | Amount Change | |
| 1. Debt Service Expense | $828,325 | $398,325 | -$430,000 |
| 2. York Rd. Booster Pump Station | $0 | $48,750 | +$48,750 |
| 3. High Service Pump Pipe Repair | $0 | $367,280 | +$367,280 |
| 4. Worker’s Compensation Insurance | $56,000 | $69,970 | +$13,970 |
| 5. 2024 Employee Retirement Incentive | $0 | $75,000 | +$75,000 |
- The proposed budget reduction of $430,000 was budgeted for the principal and interest of the DWSRF loan, which will not be paid in FY 2024-2025.
- The proposed budget increase of $75,000 will be funded by CMD’s reserve funds.
CAPITAL PROJECT FUND (FILTER PLANT RENOVATION) BUDGET
The proposed budget amendment of Capital Project Fund (Filter Plant Renovation) Budget is for additional cost for the Filter Plant Renovation project, and it is funded by SCIIP grant ($10M), DWSRF loan ($9M), and CMD’s reserve funds($3.27M).
| FY 2024-2025 | Proposed Amendment | Percentage Change | |
| Revenue | $18,590,800 | $22,266,900 | +19.77% |
| Expenditures | $18,590,800 | $22,266,900 | +19.77% |
The Chester Metropolitan District does not receive revenue through taxation.
