Orange County NC Website
Browse       Search
11 <br /> The Town would have to continue service for its own commercial waste, either through in-house <br /> collections or through private contract. The estimated annual cost is about $20,000. <br /> Less Town Waste <br /> Collection/Disposal $20,000 <br /> Sub-total $724,700(1"year); $708,000 (2nd year) <br /> Revenues <br /> Sale of owned assets $175,000(1" year); -0- (2nd year) <br /> Sub-total $899,700 (Is` year); $708,000 (2"d year) <br /> Note: the proceeds from the sale of commercial equipment that is part of the fleet replacement <br /> fund would go to that fund for debt retirement; revenues from the sale of equipment paid for <br /> prior to the establishment of the fleet replacement fund would go to the general fund. The fair <br /> market value of this latter category is $190,000. We are assuming receipt of $175,000 of this <br /> amount because we are uncertain that we would receive fair market value through sale of this <br /> equipment. <br /> The sub-total cost savings noted above would be offset by loss of budgeted revenue under the <br /> existing commercial fee system in each of the next two years. This amount is $90,000 in each <br /> year. Since the first three months of fiscal 2002-2003 would continue under the present fee <br /> system with a starting date of October 1, 2002, for the change, one fourth of the $90,000 could <br /> be collected next year. The full $90,000 would be lost in the following year. <br /> Less projected <br /> revenues $ 67,500 (l'`year); $90,000 (2"d year) <br /> TOTAL (rounded) $830,000 (ls`year); $618,000 (2"d year) <br />