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DocuSign Envelope ID:8A735669-3D2F-468A-BF99-3DF97688146A <br /> Proposal for Preparation of a Solid Waste Financial Plan <br /> must collect to pay expenditures needed to provide its targeted levels of service while meeting its <br /> financial requirements (e.g., funding debt service obligations, maintaining coverage ratios, and <br /> maintaining fund balance requirements). The revenue requirement also will include capital <br /> expenditures that are paid out of current SWPF Assessments and not paid by cash or loan <br /> proceeds. <br /> The revenue requirement for the current year will be established by annualizing the fiscal year- <br /> to-date cash expenditures. Additionally, adjustments will be made by SCS for any significant <br /> non-recurring expenditure (e.g., one-time payments at the end of the fiscal year). Revenue <br /> requirements for future years would then be projected by applying anticipated changes in the <br /> Department's expenditures to the current revenue requirement. These changes may include such <br /> items as: inflation, increases in worker' wages, fuel adjustments, and tipping fee adjustments. <br /> They may also include expected costs for new projects and new programs. In addition to <br /> projected cash expenditures, any adjustments will be made to account for required increases, if <br /> any, in the Fund balance or debt service ratios. <br /> Exhibit 4. Illustrative Pro Forma Model Concept <br /> GIP <br /> COLLECTION UNRESTRICTED CASH <br /> SYSTEM TRANSFER/DISPOSAL RESERVES <br /> REQUIREMENTS RECYCLING <br /> ANNUAL Revenues <br /> FINANCIAL Less: O&M Expanses <br /> SYSTEM MANAGEMENT Less' Existing Debt Service <br /> REQUIREMENTS PROGRAM Less: New Debt Service <br /> =ANNUAL NET CASH <br /> COST OF SERVICE <br /> &RATE STUDY <br /> PROGRAM <br /> REQUIREMENTS <br /> RATE STRUCTURE <br /> REVENUE/RATE PLAN <br /> RECOMMEND RATE <br /> STRUCTURE <br /> COST OF SERVICE !PROGRAM AN <br /> FULLY ALLOCATED COST <br /> OF SERVICE STUDY <br /> RATESTRUCTURE <br /> ALTERNATIVES <br /> RATES&CHARGES CUSTOMER IMPACT ' <br /> SPECIFIC RATES, IMPACT ON CUSTOMERS' <br /> CHARGES&FEES MONTHLY BILL <br /> 9 <br />