Section 327 IAC 8-3.6-5 - Financial capacity of a new public water supply systemAuthority: IC 13-13-5; IC 13-15-1-2; IC 13-15-2-1
Affected: IC 13-18-16
Sec. 5.
(a) A new community public water supply system shall provide the following financial capacity information as part of the water system management plan: (1) A five (5) year budget plan that includes the following:(A) A pro forma income statement, balance sheet, statement of retained earnings, and statement of cash flows for each of the next five (5) years.(B) An accounting of operating revenues for the following: (i) Metered water revenues.(ii) Unmetered water revenues.(iii) Fire protection revenues.(v) Other water revenues.(C) An accounting of operating expenses for the following: (i) Operation and maintenance, including the following: (AA) Operating expenses by category.(BB) The greater of depreciation or extensions and replacements.(CC) Taxes other than income.(DD) Operating income before income taxes.(EE) Current federal income taxes.(FF) Current state income taxes.(GG) Deferred income taxes.(II) Other charges and credits.(JJ) Net operating income.(KK) Debt service and debt service reserve, including an anticipated amortization schedule on any proposed borrowings.(ii) Administration expenses, including the following:(FF) Engineering fees, studies, and plans. (GG) Reporting requirements.(HH) Accounting services.(II) Costs to comply with other applicable state or local requirements.(2) A twenty (20) year financial plan, in five (5) year increments, including the following: (A) Projected growth and a description of the ability to meet expected growth.(B) An infrastructure replacement plan, required by section 4(a)(6) of this rule, including funding of the plan.(C) An account for funding necessary repairs to the proposed public water system to meet the drinking water standards and projected growth.(b) A new nontransient noncommunity public water supply system shall submit a five (5) year budget plan that describes the public water supply system's source of revenue and ability to meet the costs associated with the public water supply system portion of the business, including the following: (1) A summary of the revenues directed to the construction, operation, maintenance, and administration of the new nontransient noncommunity public water supply system.(2) A detailed listing of the expenses associated with the construction, operation, maintenance, and administration of the new nontransient noncommunity public water supply system.(c) The financial capacity information required by subsections (a) and (b) shall be prepared by a certified public accountant who is registered in Indiana.Water Pollution Control Board; 327 IAC 8-3.6-5; filed Aug 10, 1999, 8:54 a.m.: 22 IR 3681; readopted filed Jan 10, 2001, 3:23 p.m.: 24 IR 1518; readopted filed Nov 21, 2007, 1:16 p.m.: 20071219-IR-327070553BFA; readopted filed Jul 29, 2013, 9:21 a.m.: 20130828-IR-327130176BFAReadopted filed Jun 6, 2019, 1:59 p.m.: 20190710-IR-327190246BFA