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6
<br /> 1 • Reduce reliance on Solid Waste Fund Balance in a phased manner as necessary
<br /> 2 • Increase Program Fee in FY17-18 and beyond
<br /> 3 • Evaluate Potential Revenue Generating Ideas
<br /> 4 • Evaluate Potential Expense Reductions
<br /> 5 • Evaluate Potential Cost Saving Ideas
<br /> 6 • Consider Program Financing Issues
<br /> 7
<br /> 8 Bonnie Hammersley made the following PowerPoint presentation, which she noted had
<br /> 9 been presented to the Solid Waste Advisory Group (SWAG) in January:
<br /> 10
<br /> 11 Solid Waste Fee
<br /> 12 Key Assumptions
<br /> 13 Parcels Average Annual Growth Rate 1.1%
<br /> 14 Expenditure Average Annual Growth Rate 1.6%
<br /> 15 Landfill Post-Closure Liability $6,570,862
<br /> 16 Available Solid Waste Fund Balance $4,441,611
<br /> 17 General Fund Balance Appropriations-Annual $2,000,000
<br /> 18
<br /> 19 Solid Waste Fund Balance Appropriation TBD
<br /> 20
<br /> 21 Option #1
<br /> 22 Five-Year Financial Forecast
<br /> FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22
<br /> Year 1 Year 2 Year 3 Year 4 Year 5
<br /> Solid Waste Fund $750,000 $500,000 $350,000 $200,000 $200,000
<br /> Balance Appropriation
<br /> General Fund $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000
<br /> Appropriation
<br /> Program Fee $128 $132 $139 $145 $148
<br /> Estimated Available $4,441,611 $3,691,611 $3,191,611 $2,841,611 $2,641,611 $2,441,611
<br /> Solid Waste Fund
<br /> Balance
<br /> %of operating 42% 28% 24% 19% 19% 17%
<br /> expenses
<br /> Number of Assessed 60,178 60,840 61,509 62,186 62,870
<br /> Parcels
<br /> 23
<br /> 24 Option #2
<br /> 25 Five-Year Financial Forecast
<br /> FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22
<br /> Year 1 Year 2 Year 3 Year 4 Year 5
<br /> Solid Waste Fund $400,000 $400,000 $400,000 $400,000 $400,000
<br /> Balance Appropriation
<br /> General Fund $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000
<br /> Appropriation
<br /> Program Fee $134 $134 $138 $142 $148
<br /> Estimated Available $4,441,611 $4,041,611 $3,641,611 $3,241,611 $2,841,611 $2,441,611
<br /> Solid Waste Fund
<br /> Balance
<br /> %of operating 42% 30% 27% 22% 20% 17%
<br /> expenses
<br /> Number of Assessed 60,178 60,840 61,509 62,186 62,870
<br /> Parcels
<br /> 26
<br /> 27 Bonnie Hammersley said after she presented this to the SWAG, they suggested she talk
<br /> 28 to all of the Town Managers about her recommended options.
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