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4 <br /> 1 Enterprise Fund Deficit = $4.1 Million <br /> 2 - Current GF Contribution = $2.0 Million <br /> 3 - SW Fund Balance* = $0.5 Million <br /> 4 Remaining SW Deficit = $1.6 Million <br /> 5 <br /> 6 *Residual Solid Waste Fund Balance Phase Out not included in Pro Forma model <br /> 7 Baseline (Status Quo) Scenario <br /> 8 <br /> 9 • FY 2019-20 <br /> 10 Enterprise Fund Deficit = $4.4 Million <br /> 11 - Current GF Contribution = $2.0 Million <br /> 12 - SW Fund Balance* = $0.3 Million <br /> 13 Remaining SW Deficit = $2.1 Million <br /> 14 • FY 2020-21 <br /> 15 Enterprise Fund Deficit = $4.6 Million <br /> 16 - Current GF Contribution= $2.0 Million <br /> 17 - SW Fund Balance* = $0.3 Million <br /> 18 Remaining SW Deficit = $2.3 Million <br /> 19 *Residual Solid Waste Fund Balance Phase Out not included in Pro Forma model <br /> 20 <br /> 21 Financial Analysis Conclusions <br /> 22 Status Quo (Scenario 1) <br /> 23 • Enterprise Fund current financial structure is unsustainable. <br /> 24 • Significant annual deficits are projected for next 5 years. <br /> 25 • Fund subsidized by General Fund Contribution (historical precedent) and allocation from <br /> 26 Appropriated Fund Balance (SW reserves). <br /> 27 • Allocations from Appropriated Fund's Balance could deplete entire Fund in 5 years. <br /> 28 • Refer to Table 1 in Appendix F of Report (page F-1). <br /> 29 <br /> 30 Scenario 1 (chart) <br /> 31 <br /> 32 Financial Analysis Conclusions <br /> 33 Break-Even Analysis (Scenario 2) <br /> 34 • If the historical General Fund Contribution is maintained, then break-even Fee required <br /> 35 calculated at approximately $137 to $148 per parcel. <br /> 36 • Refer to Table 1 in Appendix F of Report (page F-1) <br /> 37 <br /> 38 Break-Even Scenario <br /> 39 • FY 2016-17 <br /> 40 Enterprise Fund Deficit = $3.8 Million <br /> 41 - General Fund (GF) Contribution= $2.0 Million <br /> 42 - SW Fund Balance = $1.8 Million <br /> 43 Yields Balanced SW Budget = $0 <br /> 44 <br /> 45 • FY 2017-18 <br /> 46 Enterprise Fund Deficit = $4.0 Million <br /> 47 - Current GF Contribution = $2.0 Million <br /> 48 Remaining SW Deficit = $2.0 Million <br /> 49 <br /> 50 • FY 2018-19 <br />