Item 1 - Agenda 05-05-2004 - Laserfiche WebLink

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8 showed that this split reasonably reflects an accurate allocation of administrative staff time between the two functions. • Debt financing of land improvement /acquisition (Transfer Station, C &D Resale Store, Administration Office Building, land acquisition, Relocation of Processing Pad, Closure) is assumed at 6 percent. • Debt financing of future equipment and vehicles is not a fundamental assumption (beyond the equipment debt already being financed), however; based on level of reserve balance and favorableness of loan rates, various equipment may be periodically debt financed. • Analysis assumes and has incorporated new costs associated with implementation of the WRRRF such as a new (time- limited) position in Tax Collection that will serve as administrative support for the WRRRF program. • A Gantt chart a = �n ffl) is provided to indicate schedule of key new expenditures over the planning period. RESERVES ASSUMPTIONS • Fund Balance (undesignated) is estimated to be maintained at a minimum 14 percent • Equipment reserve fund for both disposal and recycling is assumed to be established as a restricted fund to finance capital equipment and vehicles purchases and to minimize variability in revenue requirements • Projected existing June 30, 2004 fund balance of $1,963,201 is to be applied toward maintenance of minimum 14 percent fund balance for entire fund (including recycling division), reestablishment of landfill equipment reserve fund, and subsidizing recycling fees for five years • No landfill closure reserve fund is proposed or included in any expenditure estimates PROGRAMS /SERVICES ASSUMPTIONS • No assumptions are made regarding new emergency storm debris management facilities /services • C &D recycling functions are integrated into disposal operations and are not included in recycling expenditure /revenue estimates; these recycling activities are not funded by recycling fees • No additional materials are assumed to be added to existing recyclable materials presently collected during the 10 -year planning period, with the exception of batteries at curbside and drywall • A Materials Recovery Facility (MRF)and its attendant program expansions are not included in this 10 -Year Plan — Recycling program expansions have been minimized in response to elimination of expanded processing capabilities • Minimal program expansions are assumed in the financial plan including: • 500 homes /year plus in -fill for existing routes added to rural curbside program • in -fill development and annexations only in urban curbside program • 2 sites added in FY 04/05 and no additional expansions for food waste program • no net expansions of the restaurant and bar glass program