Agenda - 02-22-2011 - 3 - Laserfiche WebLink

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SWCC 7 YEAR BUDGET PROJECTION -BOARD OF ORANGE COUNTY COMMISSIONERS WORK SESSION PAGE 4 LINE ITEM NOTES FOR TARGETED REVENUES #17 The 3-R Fee Contribution -Recycling Operations is pro-rated based on the portion of each SWCC site is used for recycling. That has been fixed at $261,000 each year, though it could change based on the square footage at the SWCCs that's taken up by recycling activities including wood, metal, etc, in addition to the conventional recyclables. #18 The 3-R fee contribution from recycling for upgrades has been added to cover the cost of financing the recycling-related compactors and other equipment. That amount of new captial annually is subtracted from the total capital equipment improvements needed to be funded by the general fund and new component of the fee. #19 School MSW Collection Revenues are based on historical revenue, escalated at 1 % per year as costs increase. #20 The Account Based fees would come from fees charged to small commercial and institutional users that would now be allowed to use the larger District sites -starting with a modest 2,250 uses and net $10 per use above costs (costs included in increased tonnage calculation) with 50% increase in 2nd year of this activity as these small haulers learn how to use the site as the landfill nears its closing date, then another increase as Eubanks is improved, the landfill closes and the Durham Transfer Station becomes the closest site. #21 Total 3-R and Operations Revenue is the sum of all revenue streams from operations including 3-R contributions. #22 The Net required from other sources calculation is the sum of all revenues from 3-Rand Oeepations subtracted from all expenses reflecting the additional funding needed for operating the SWCC system including all the upgrades, adding operating hours and efficiency savings. #23 The General Fund commitment is assumed to be retained as part of the funding strategy, with the contribution calculated at 75% of the Net Required from other sources in the first two years, and reduced to 50% of the Net Required from other sources thereafter. These reflect much lower levels of General Fund commitment than current. #24 The Proposed Household Fee, described as a SWCC Fee and discussed as part of an expanded 3-R Fee, is calculated based on required funds to arrive at the revenue totals show. Calculations of the fee levels are shown on the next table as a tiered fee for thee rural, urban and multifamily sectors based on expected use intensity. #25 Annual Net Surplus/(Deficit) shows the SWCC system fund balance at the end of that year, given the flow of expenses and revenues as shown. This net surplus could be used as a source of funds for replacing rolling stock and adding aroll-off truck in 2012-13 when the upgraded Walnut Grove SWCC is opened #26 Annual Potential GF Tax Drop -shows the decrease in general fund tax burden for that year assuming that all reductions in general fund savings from the proposed change in SWCC operations are passed on as tax reductions. February 5, 2011 DRAFT N • • • ~