Orange County NC Website
Browse       Search
10 <br /> Orange County, NC <br /> Financial Plan & Rate Study for Solid Waste Enterprise Fund SCS ENGINEERS <br /> FINDINGS AND RECOMMENDATIONS <br /> Our findings and recommendations, including revenue increase strategies, expense reduction <br /> strategies, and rate benchmarking from the Study are presented in Section 5 and summarized <br /> below. SCS offers the following findings and recommendations for the County's consideration: <br /> • As outlined in Scenario 1, the Fund's current financial structure is unsustainable and <br /> maintaining the current Program Fee amount($107) along with the Status Quo <br /> program services will yield significant annual deficits over the next 5-year period, <br /> even with the current practice of General Fund contributions. <br /> • The exercise of allocating monies from the Fund's balance ("Reserves")to cover the <br /> annual budget deficit each year will deplete the entire Fund balance in approximately <br /> 5 years at the current rate of spending. <br /> • The Pro Forma Rate Model developed as part of this cost of service study should be <br /> updated annually and used for long-term financial forecasting of the Fund and to <br /> evaluate the likely impact of proposed Department operational changes. <br /> • Based on a cursory review of the program, SCS did not identify any notable <br /> inefficiencies within the Department operations. SCS recommends the County <br /> conduct a more in-depth review of its program on a routine basis to identify <br /> opportunities for revenue increase and expense reduction. <br /> ES-4 <br />