The Finance Plan

The Capital Program Coordination, Management and Finance Plan (the Finance Plan) provides Cascade's Board of Directors and its Chief Executive Officer a management tool to assist them in making decisions necessary to implement the water supply purposes of the Interlocal Contract and Cascade's 2004 Transmission and Supply Plan (TSP). The Finance Plan describes financing elements necessary to implement the TSP and the capital improvements described herein as the "cooperative undertaking" that members intend to implement through Cascade's "watershed management partnership". The Finance Plan is Cascade's "watershed management plan" and it enables Cascade to carry out cooperative undertakings.

The Finance Plan contemplates that the financing options needed to implement the Interlocal Contract and the TSP must be fiscally sufficient and programmatically diverse so that Cascade can meet its current and anticipated obligations. As a management tool, the Finance Plan provides a summary description of Cascade's service area and its current system, an outline of Cascade's projected supply and demand forecasts, and the financing options to meet current and projected need.

The Finance Plan does not authorize or constitute separate action or approval by Cascade with regard to any project, activity or program that has not been separately and expressly approved by Cascade after compliance with all applicable SEPA environmental review requirements. Until Cascade's TSP receives final approval, adoption of this Plan does not authorize Cascade to make expenditures for capital projects, except to fulfill contractual obligations for the purchase of water supply, to pay for the purchase of existing capital improvements, or to purchase water supply.

The Finance Plan describes the water system, water supply strategy, system analysis, infrastructure needs, capital improvement and financial programs.