Agenda - 06-04-2002 - 9b - Laserfiche WebLink

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6 Funds are provided in the proposed FY 2002-03 Solid Waste Management or Planning budget as appropriate. Solid Waste Management will provide funding for IS of the Administrative Assistant II position. The Solid Waste positions will be covered entirely with enterprise fund revenue. Most of the coal of the Administrative Assistant position would be offset by proposed program fees. The FY 2002-03 Solid Waste Management fee schedule has been submitted as pad of the proposed departmental budget. Equipment The financial impact associated with acquisition of each place of equipment is summarized In the table below. The more expensive pieces of equipment are to be financed through a local bank at an estimated Interest pate of 3.75%, for a period of 59 months. Instead of relying completely on a drawdown of existing reserves,financing over this period of time will spread the capital cost over multiple budget years and reduce the immediate impact on the Solid Waste Management enterprise fund reserves. Funding for all outright purchase, down payment, annual payment, and interest costs will be provided by the Solid Waste Management enterprise fund and no General Fund resources will be necessary RFivNa ent - BIQPrice 1. In rest Cdsl . Tatal Goal ind er 501,383 39,]14 53fi 078 een 132,210 13,128 145336 iler 46sT2 0 46,8]2 er 204,803 20.334 225.137 ve or 20,44] 0 29,44] TOTALS . $914 716 $>3;1]k $982,8]0 I'I Includes a down perm¢nr M$5,019 with the remaining$498,364 to be founded. The persuaded!annual payments of principal and Interest toward this amount will be approximately$110,918 for 4 years with a 5th year TM1ant M approximately 592,406. a estimated annual demands Ncompiler and Interest t0ward this amount will be approximately$29,487 for s with a 5th year payment of approximately$27,388. Outright purchase using anfmipated surplus funds done the current bud9ett'I shei bidders wee oxyl to hardly Gust fm sai pwc6eu and a 5-yam govo wenml lease,it is more Wvanmgous for tM Cowry n"me bank finarcing Tbc cstiwled unusual pyamb ofPhlipal and assay 10i day awwt Willie nppw®arely 545,678 fnr 4 yaps wirha 50,war puyercrtl of approximately$42,425.