Investing in clean water - where does your money go? 
Wastewater infrastructure is crucial for protecting water quality and economic vitality, and supporting jobs and growth while maintaining our region’s natural assets like beaches, lakes and rivers. King County's wastewater utility is entirely funded by the ratepayers who invest in our programs and services through their monthly rate and capacity charge bills. We take seriously our obligation to provide the highest levels of service and accountability to our ratepayers. Bond ratingsStandard & Poor's and Moody’s Investor Services are leading global financial firms that rate corporate stocks and municipal bonds according to risk profiles. In 2009 the firms confirmed the ratings of the Wastewater Treatment Division’s bonds, citing: - Strong management practices
- Continued positive financial performance
- Solid rate base and large service area
- Commitment to a capital improvement plan
The Moody's rating for these sewer revenue bonds, as well as similar bonds issued in the past, remained at Aa3 while the Standard and Poor’s rating was maintained at AA+. These favorable credit ratings lower the cost of borrowing by reducing the amount of debt service, which, in turn, reduces impacts to the rate. Financial statementsThe wastewater utility undergoes an annual audit to insure that its annual financial results are fairly stated and that all covenants with the utility’s bondholders have been met. The audited financial results for 2001 through 2010 are here. Back to top of page.
Revenues |
King County’s adopted wastewater budget for 2011 includes about $288.8 million in revenue from the monthly sewer rate and about $40.2 million in revenue from the capacity charge. The 2011 budget also includes about $5.3 million from investments and about $7.8 million from other income such as fees for industrial waste, sewage removed from septic tanks and rate stabilization funds. King County also borrows bonds to fund the cost of construction projects under its capital improvement program. |
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Expenditures |
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Of the total revenue (about $342.1 million), the Wastewater Treatment Division is budgeted to spend about $111.1 million to operate and maintain its facilities and about $231 million for planning, designing and building facilities. In 2011, the $342.1 million in operating revenue is allocated as follows:
| Treatment |
$206.5 million |
60% |
| Conveyance |
$71.0 million |
21% |
| Combined Sewer Overflow (CSO) Control |
$24.2 million |
7% |
| Biosolids |
$11.9 million |
4% |
| Other |
$28.4 million |
8% | |
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