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23
<br />a Landfill Fund Revenues
<br />1999-00 Request
<br />7/1/98 Budget
<br />1/1/99 Budget
<br />6/30/99 Estimated
<br />Current Yeaz Estimated
<br />$5,606,219
<br />5,077,610
<br />5,605,980
<br />5,758,710
<br />Landfill Fees-($3,247,970). Yeaz-end revenues will exceed the budgeted amount based on the
<br />following projected receipts of materials at the landfill:
<br /> Budgeted Projected Projected
<br />Material Av¢. Cost/ton Tonnage Tonnage Total Revenue
<br />Mixed Waste $38.00 56,900 58,000 $2,204,000
<br />Construction & Demo $38.00 28,000 32,000 $1,216,000
<br />Clean Wood/Yard W. 12.00 5,400 5.400 64.800
<br />TOTAL RECEIVED ~ 90,300 ~ 95,400 $3,484,800
<br />2. Interest on Investments-{$137,000). This number is provided by Finance and is based on the
<br />average rate of return of 5% for landfill fund equity as of 6/30/98.
<br />3. Other Revenues-($383,200). This includes the following components:
<br />'~,
<br />~ • Sale of scrap metal-{$26,600). This revenue is from sale of white goods and scrap metal processed at
<br />the landfill and hauled to a Kernersville scrap processor. Total tons of white goods received at the
<br />landfill is estimated to be around 452 tons for 1998-99, and the estimate for scrap metal this year is
<br />about 32 tons. Projected revenue for FY 1998-99 is $27,500.
<br />• Recycling revenue-($70,100). This includes sale of recycled newspapers ($20,000), cardboard
<br />($25,000), glass containers ($10,500), taetal cans ($3,500) and composting containers ($11,000).
<br />• Sale of mulch--($50,000). This is revenue collected from the sale of ground wood waste received at
<br />the landfill.
<br />• Tire tax reimbursement--($75,000). This is revenue collected by the State for new fire sales and
<br />distributed to counties by formula on a quarterly basis. Under State statute (G.S. 130A-309.58(e)), we
<br />are not permitted to charge fees for disposal of most scrap tires. The disposal fee for tires currently
<br />ineligible for free disposal is $100/ton or $1.00/tin. We anticipate meeting the original revenue
<br />projection of $75,000.
<br />• White goods reimbursement-($75,000). This is avenue collected by the State for new appliance sales
<br />and distributed to the counties by formula. However, due to the level of reimbursement avenue
<br />received in prior years, compared with operational expenditures, reimbursement receipts will be
<br />lowered until the surplus is exhausted.
<br />• Landfill Fines - ($56,500). This revenue from double tipping fee fines levied for disposal of
<br />commercial cardboard or yard waste mixed with solid waste, and the anticipated revenue at year-end of
<br />$90,000 will exceed the originally budgeted amount.
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