SWAG agenda 091616 - Laserfiche WebLink

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58 Orange County, NC Financial Plan and Rate Study for Solid Waste Enterprise Fund • Debt Service Principal /Debt Service Interest: Debt servicing line items including debt service to principal and debt service to interest were escalated but kept in the same proportion, • Contributions to Equipment Reserves: Note that one of the largest operating expense line item accounts is the Contributions to Equipment Reserves, which has historically varied significantly from year to year and will likely do so in future years. SCS utilized values that were provided by the County as projected costs for this line item account for the four subsequent future fiscal years. SCS assumes the existing equipment reserve fund will be incorporated into any future R &E Fund. • Capital Expenses — IT Equipment and Furnishings: The limited expenses of IT Equipment and Furnishings were assumed to be $5,000 and $1,000 annually in the four years succeeding the Test Year. • Capital Expenses — Equipment and Vehicles: The costs for replacing the County's vehicles operated within the Solid Waste Department is expected to be financed through various mechanisms including the Equipment Reserves Fund and debt - servicing, thus, these line items are handled under separate lime items in capital expenses as lump sum costs provided by the County. • Capital Expenses — Construction: The costs for upgrades to the County's solid waste and recycling convenience centers that are anticipated to occur in FY 2017 -18 and FY 2019 -20 are expected to be debt - financed and, thus, are handled in capital expenses under the Construction line item account as lump sum costs with correlating amounts introduced into the revenues in the Appropriated Fund Balance line item account as loan proceeds. OTHER ASSUMPTIONS • Program Fee kept at $107 /year and appropriated fund balance used to balance budget for status quo Scenario 1 for FY 2016 -17 ONLY. C -3