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68 <br />2021 Amended and Restated WSA 17162043.1 <br />expenses for the Water and Hetch Hetchy Enterprises. Wholesale working capital shall be <br />calculated separately for the Water and Hetch Hetchy Enterprises. <br />C.Each month, the sum of the Water Enterprise and Hetch Hetchy Enterprise <br />working capital components will be compared with the ending balance in the Wholesale <br />Revenue Coverage Reserve to determine if the Wholesale Customers provided the minimum <br />required working capital. If the Wholesale Revenue Coverage Reserve is greater than the total <br />Water Enterprise and Hetch Hetchy Enterprise working capital requirement, the Wholesale <br />Customers will have provided their share of working capital. If the Wholesale Revenue <br />Coverage Reserve is less than the total Water Enterprise and Hetch Hetchy Enterprise working <br />capital requirement, the Wholesale Customers will be charged interest on the difference, which <br />will be included in the adjustment to the Balancing Account under Section 6.05.B for the <br />subsequent fiscal year. <br />6.08. Wholesale Capital Fund <br />A.The SFPUC currently funds revenue-funded capital projects through annual <br />budget appropriations that are included in rates established for that fiscal year and transferred <br />to a capital project fund from which expenditures are made. Consistent with the San Francisco <br />Charter and Administrative Code, the SFPUC appropriates funds in advance of construction in <br />order to maintain a positive balance in the capital project fund. The capital project fund also <br />accrues interest and any unspent appropriations in excess of total project costs. It is the <br />SFPUC’s practice to regularly monitor the capital project fund balance to determine whether a <br />surplus has accumulated, which can be credited against the next fiscal year’s capital project <br />appropriation. <br />B.The SFPUC shall establish a comparable Wholesale Revenue-Funded Capital <br />Fund (Wholesale Capital Fund) to enable the Wholesale Customers to fund the wholesale share <br />of revenue-funded New Regional Assets. The Wholesale Capital Fund balance is zero as of <br />July 1, 2009. The SFPUC may include in wholesale rates for any fiscal year an amount equal to <br />the wholesale share of the SFPUC’s appropriation for revenue funded New Regional Assets for <br />that year, which sum will be credited to the Wholesale Capital Fund. The wholesale share of <br />other sources of funding, where legally permitted and appropriately accounted for under GAAP, <br />will also be credited to the Wholesale Capital Fund, together with interest earnings on the <br />Wholesale Capital Fund balance.