HomeMy WebLinkAboutBoard of Selectmen Agenda January 26, 2011 Packet_201402061628422212liable for any loss suffered with respect to the escrow account or for any action or inaction taken by the escrow agent
in good faith with respect to the account or deposit. The escrow agent may resign at any time by transferring the
deposit to a successor escrow agent reasonably acceptable to SELLER and BUYER which successor agrees in
writing to act as escrow agent. BUYER and SELLER jointly and severally agree to indemnify and hold the escrow
agent harmless for any and all costs and expenses, including reasonable attorneys fees, incurred in connection with
any such dispute.
21. BUYER’S DEFAULT; DAMAGES
If the BUYER shall fail to fulfill the BUYER’S agreements herein, all deposits made hereunder by the BUYER shall
be retained by the SELLER as liquidated damages which shall be the SELLER’S sole and exclusive remedy at law
and in equity for a breach of this agreement.
22. RELEASE BY HUSBAND OR WIFE
Intentionally Omitted.
23. BROKER AS PARTY
Intentionally Omitted.
24. LIABILITY OF TRUSTEES, SHAREHOLDERS OR BENEFICIARIES
If the SELLER or BUYER executes this agreement in a representative or fiduciary capacity, only the principal or the
estate represented shall be bound, and neither the SELLER or BUYER so executing, nor any shareholder or
beneficiary of any trust, shall be personally liable for any obligation, express or implied, hereunder.
25. WARRANTIES AND REPRESENTATIONS
The BUYER acknowledges that the BUYER has not been influenced to enter into this transaction nor has he relied
upon any warranties or representations not set forth or incorporated in this agreement or previously made in writing,
except for the following additional warranties and representations, if any, made by either the SELLER: NONE.
SELLER and SELLER’s agents have made no warranties or representations, express or implied, and BUYER is
purchasing the premises in its “AS IS” and without inspection.
26. MORTGAGE CONTINGENCY CLAUSE
Intentionally Omitted.
27. CONSTRUCTION OF AGREEMENT
This instrument, executed in multiple counterparts, is to be construed as a Massachusetts contract, is to take effect as
a sealed instrument, sets forth the entire contract between the parties, is binding upon and enures to the benefit of the
parties hereto and their respective heirs, devisees, executors, administrators, successors and assigns, and may be
canceled, modified or amended only by a written instrument executed by both the SELLER and the BUYER or their
respective counsel. The Parties may rely upon facsimile copies of such written instruments. If two or more persons
are named herein as BUYER their obligations hereunder shall be joint and several. The captions and marginal notes
are used only as a matter of convenience and are not to be considered a part of this agreement or to be used in
determining the intent of the parties to it.
28. TITLE STANDARDS AND CONVEYANCING PRACTICES
Any matter relating to performance of this Agreement which is the subject of a title, practice or ethical standard of
the Real Estate Bar Association of Massachusetts shall be governed by such standard to the extent applicable.
4
Sewer and Solid Waste Sewer and Solid Waste Enterprise FundsEnterprise FundsFY11 Second Quarter ReportFY11 Second Quarter ReportJuly July --December 2010December 2010Presented to the Board of SelectmenPresented to the Board of SelectmenJanuary 26, 2011January 26, 2011
Discussion PointsDiscussion PointsSolid Waste:Solid Waste:TonnageTonnageRevenue & ExpenseRevenue & ExpenseCost CentersCost CentersSewer:Sewer:FlowsFlowsRevenue & ExpenseRevenue & ExpenseSewer ConnectionsSewer ConnectionsPrivilege FeesPrivilege Fees
MSW TonnageMSW TonnageMSW YTD tonnage is down 10.9% as compared to the MSW YTD tonnage is down 10.9% as compared to the 2nd quarter of last year.2nd quarter of last year.6,609.37 tons of MSW delivered YTD6,609.37 tons of MSW delivered YTD( December 31, 2010)( December 31, 2010)December was the only month in the 2December was the only month in the 2ndndquarter which quarter which experienced a decline in tonnage as compared to the 2experienced a decline in tonnage as compared to the 2ndndquarter of the previous year. quarter of the previous year. MSW tonnage numbers are trending downward from MSW tonnage numbers are trending downward from the previous year and are slightly below the three year the previous year and are slightly below the three year average.average.
Solid Waste Enterprise FundSolid Waste Enterprise FundMSW TonnageMSW TonnageMSW into the Composter:Tons per month‐5001,0001,5002,0002,500JulAugSepOctNovDecJanFebMarAprMayJunTons per month20062007200820092010
C&D TonnageC&D TonnageC&D Tonnage for October, November, and December C&D Tonnage for October, November, and December were higher as compared to the same months of the were higher as compared to the same months of the previous year.previous year.Total C&D tonnage in the 2nd quarter is 3.2% higher Total C&D tonnage in the 2nd quarter is 3.2% higher than the same time period last year than the same time period last year C&D tonnage numbers continue to reflect the volatility C&D tonnage numbers continue to reflect the volatility of the of construction industry. It is likely that of the of construction industry. It is likely that monthly C&D tonnage numbers will continue into the monthly C&D tonnage numbers will continue into the next quarter with deliveries balanced around 540 tons next quarter with deliveries balanced around 540 tons per monthper month
C&D TonnageC&D TonnageC&D Waste into the Transfer StationTons per month‐2004006008001,0001,2001,400Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunTons per month20062007200820092010
C&D RevenueC&D RevenueRevenues for October and November are up Revenues for October and November are up 26.8% and 59.7% consecutively as compared to 26.8% and 59.7% consecutively as compared to the same months of last year.the same months of last year.2nd Quarter 2011 C&D revenue is up 11.4% as 2nd Quarter 2011 C&D revenue is up 11.4% as compared to the 2nd quarter of 2010compared to the 2nd quarter of 2010YTD 2011 revenue for C&D=$1,194,678YTD 2011 revenue for C&D=$1,194,678YTD 2010 revenue for C&D was $1,072,040YTD 2010 revenue for C&D was $1,072,040
Tip Fees from C&D DeliveriesDollars per month‐50,000100,000150,000200,000250,000300,000350,000400,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunDollars per month2007200820092010
Solid Waste Cost CentersJul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10MSW compostingRevenues (33,124)$ (25,606)$ (23,755)$ (24,530)$ (238,219)$ (78,752)$ Expenses 231,315$ 257,448$ 256,480$ 255,635$ 262,317$ 259,424$ Deficit (surplus) 198,190$ 231,842$ 232,725$ 231,105$ 24,097$ 180,672$ RecyclingRevenues -$ -$ -$ -$ -$ -$ Expenses 30,506$ 37,675$ 32,072$ 32,130$ 36,889$ 35,930$ Deficit (surplus) 30,506$ 37,675$ 32,072$ 32,130$ 36,889$ 35,930$ C&D waste managementRevenues (146,523)$ (115,386)$ (152,082)$ (199,492)$ (178,735)$ (141,682)$ Expenses 191,910$ 167,848$ 214,271$ 208,441$ 233,370$ 189,194$ Deficit (surplus) 45,387$ 52,462$ 62,189$ 8,948$ 54,635$ 47,513$ Hard to manage wasteRevenues (26,654)$ (22,795)$ (35,622)$ (34,426)$ (101,758)$ (47,136)$ Expenses 11,013$ 24,561$ 20,206$ 11,278$ 68,195$ 302,874$ Deficit (surplus) (15,641)$ 1,766$ (15,416)$ (23,148)$ (33,562)$ 255,737$ Landfill MiningRevenues (None) -$ -$ -$ -$ -$ -$ Expenses 45,800$ 45,800$ 45,800$ 45,800$ 45,800$ 45,800$ Deficit (surplus) 45,800$ 45,800$ 45,800$ 45,800$ 45,800$ 45,800$ OverheadRevenues -$ -$ -$ -$ -$ -$ Expenses 9,611$ 21,783$ 23,126$ 5,953$ 8,897$ 2,290$ Deficit (surplus) 9,611$ 21,783$ 23,126$ 5,953$ 8,897$ 2,290$
Solid Waste EnterpriseSolid Waste EnterpriseRevenue (Sources)Revenue (Sources)($ 1,626,277)($ 1,626,277)($ 1,040,655)($ 1,040,655)($ 1,517,335)($ 1,517,335)n/an/aTotal Enterprise Total Enterprise Fund Revenue*Fund Revenue*0000($ 570)($ 570)n/an/aInterest on Interest on InvestmentsInvestments0000($ 701)($ 701)n/an/aSW Liens SW Liens CollectedCollected($ 268,391)($ 268,391)Included Included aboveabove($ 172,699)($ 172,699)n/an/aHard to Manage Hard to Manage WasteWaste($ 933,900)($ 933,900)($ 788,397)($ 788,397)($ 899,341)($ 899,341)n/an/aC&D Waste C&D Waste ManagementManagement($ 423,986)($ 423,986)($ 252,258)($ 252,258)($ 444,024)($ 444,024)n/an/aMSW MSW CompostingCompostingFY2011 2FY2011 2ndndQtr ActualQtr ActualFY2011 2FY2011 2ndndQtr BudgetQtr BudgetFY2010 2FY2010 2ndndQtr ActualQtr ActualFY2009 2FY2009 2ndndQtr ActualQtr ActualSourceSource*Bond Proceeds / Grants are not included as they are not recognized as revenue
Solid Waste EnterpriseSolid Waste EnterpriseExpenditures (Uses)Expenditures (Uses)$ 438,126$ 438,126$ 47,261$ 47,261$ 88,787$ 88,787n/an/aHard to Hard to Manage WasteManage Waste$ 274,800$ 274,800$ 275,000$ 275,000$ 274,800$ 274,800n/an/aLandfill MiningLandfill Mining$ 3,717,440$ 3,717,440$ 3,296,163$ 3,296,163$ 3,363,710$ 3,363,710n/an/aTotal Enterprise Total Enterprise Fund ExpensesFund Expenses$ 71,661$ 71,661$ 54,025$ 54,025$ 53,597$ 53,597n/an/aOverheadOverhead$ 1,205,033$ 1,205,033$ 1,232,920$ 1,232,920$ 1,174,716$ 1,174,716n/an/aC&D Waste C&D Waste ManagementManagement$ 205,201$ 205,201$ 292,697$ 292,697$ 207,986$ 207,986n/an/aRecyclingRecycling$ 1,522,619$ 1,522,619$ 1,394,260$ 1,394,260$ 1,563,824$ 1,563,824n/an/aMSW MSW CompostingCompostingFY2011 2nd FY2011 2nd Qtr ActualQtr ActualFY2011 2FY2011 2ndndQtr BudgetQtr BudgetFY2010 2FY2010 2ndndQtr ActualQtr ActualFY2009 2FY2009 2ndndQtr ActualQtr ActualUses Uses ––Cost Cost CenterCenter
Sewer Enterprise FundSewer Enterprise FundDecember billable flow is up 9.3% as compared to the December billable flow is up 9.3% as compared to the same period last year.same period last year.December billings are up 3.2% as compared to the December billings are up 3.2% as compared to the same period last year.same period last year.Budget Summary: 100% through FY 2010Budget Summary: 100% through FY 2010EnterpriseEnterpriseBudgetBudget% Expended% ExpendedCollection $ 378,458Collection $ 378,45853.2%53.2%Surfside Surfside **$4,657,902$4,657,90256.9%56.9%‘‘Sconset $ 238,042Sconset $ 238,04252.8%52.8%Note:Note:% expended includes $1,825,048 YTD debt service % expended includes $1,825,048 YTD debt service paymentspayments
Flow & Billing Comparative Flow & Billing Comparative Summary (Need Information)Summary (Need Information)FY 2011/FY 2010Month of Consumption Current FY Last FY Difference Percent Current FY Last FY Difference PercentJuly 2010/2009 10,672,700 6,176,300 4,496,400 72.8% 796,098$ 437,961$ 358,137$ 81.8%August 2010/2009 9,719,000 8,601,700 1,117,300 13.0% 799,355$ 727,121$ 72,233$ 9.9%September 2010/2009 6,445,700 5,349,800 1,095,900 20.5% 542,366$ 457,209$ 85,157$ 18.6%FY11 First Quarter Totals 26,837,400 20,127,800 6,709,600 33.3% 2,137,819$ 1,622,291$ 515,528$ 31.8%This worksheet summarizes the sewer flows and billings for the first quarter of FY11 and compares them to the previous year's flow and billings.Each month represents the monthly flows (consumption) that were billed one month later. Thus the September 2010 consumption represent bills issued in October 2010 and are compared to the previous year.For FY 2011, flows are up by about 33% and billings are up about 32% over FY 2010 for the first three months.Consumption (flows) are up by 6.7 million units and $515,000 over the first quarter of last fiscal year.This is obviously a very favorable impact on sewer finances.Flow (CF) Billings
Sewer Enterprise Sewer Enterprise Revenue (Sources)Revenue (Sources)00($ 0)($ 0)($ 2,771)($ 2,771)($ 2,082)($ 2,082)Interest on Interest on InvestmentsInvestments($ 3,683,464)($ 3,683,464)($ 2,623,275)($ 2,623,275)($ 2,831,811)($ 2,831,811)($ 2,024,735)($ 2,024,735)Total Enterprise Total Enterprise Fund Revenue*Fund Revenue*$ 25,063$ 25,063$ 0$ 0$ 9,725$ 9,725$ 10,379$ 10,379RefundsRefunds($ 471,230)($ 471,230)($ 77,500)($ 77,500)($ 14,541)($ 14,541)($ 0)($ 0)Privilege FeesPrivilege Fees($ 2,845)($ 2,845)($ 0)($ 0)($ 1,394)($ 1,394)($ 0)($ 0)Sewer Liens Sewer Liens CollectedCollected($ 46,000)($ 46,000)($ 15,000)($ 15,000)($ 62,823)($ 62,823)($ 47,000)($ 47,000)Sewer Sewer Connection FeesConnection Fees($ 3,188,452)($ 3,188,452)($ 2,530,775)($ 2,530,775)($ 2,760,007)($ 2,760,007)($ 1,986,032)($ 1,986,032)Sewer User FeesSewer User FeesFY2011 2FY2011 2ndndQtr ActualQtr ActualFY2011 2FY2011 2ndndQtr BudgetQtr BudgetFY2010 2FY2010 2ndndQtr ActualQtr ActualFY2009 2FY2009 2ndndQtr ActualQtr ActualSourceSource*Bond Proceeds / Grants are not included as they are not recognized as revenue
Sewer Enterprise Sewer Enterprise Expenditures (Uses)Expenditures (Uses)$ 2,888,606$ 2,888,606$ 2,637,201$ 2,637,201$ 2,847,481$ 2,847,481$ 3,536,496$ 3,536,496Total Enterprise Total Enterprise Fund ExpensesFund Expenses$ 0$ 0$ 0$ 0$ 0$ 0$ 0$ 0MWPATMWPAT$ 176,135$ 176,135$ 119,021$ 119,021$ 190,319$ 190,319$ 176,660$ 176,660CollectionCollection$ 118,055$ 118,055$ 189,229$ 189,229$ 96,132$ 96,132$ 98,326$ 98,326SconsetSconset$ 2,594,416$ 2,594,416$ 2,328,951$ 2,328,951$ 2,561,030$ 2,561,030$ 3,261,510$ 3,261,510SurfsideSurfsideFY2011 2FY2011 2ndndQtr ActualQtr ActualFY2011 2FY2011 2ndndQtr BudgetQtr BudgetFY2010 2FY2010 2ndndQtr ActualQtr ActualFY2009 2FY2009 2ndndQtr ActualQtr ActualUses Uses ––Cost Cost CenterCenter
Sewer Enterprise Sewer Enterprise Debt ServiceDebt Service00.511.522.532008 2009 2010 20111st QuarterIn Millions($)FY2008, 2FY2008, 2ndndQuarter Debt Service as a percentage of actual Quarter Debt Service as a percentage of actual expenditures was 50.3%expenditures was 50.3%Significant increase in debt service expense began in FY2009 witSignificant increase in debt service expense began in FY2009 with h the completion of the Surfside Wastewater Treatment Facility, Brthe completion of the Surfside Wastewater Treatment Facility, Brant ant Point Sewer, and Phase I SewerPoint Sewer, and Phase I SewerDebt Service63%Operating Expense37%FY2011 2ndQuarter
Cost Containment MeasuresCost Containment MeasuresSewer:Sewer:Review current National Grid electrical rates for Review current National Grid electrical rates for applicability applicability Solar Power Project Solar Power Project Maximize in house laboratory testingMaximize in house laboratory testingSolid WasteSolid WasteReview current NGrid electrical rates for applicabilityReview current NGrid electrical rates for applicabilityAlternative Energy wind projectAlternative Energy wind projectMining Operations to lower future capping & closing cost Mining Operations to lower future capping & closing cost of unlined cellof unlined cellSewer & Solid Waste Enterprise Sewer & Solid Waste Enterprise Next StepsNext Steps
Sewer and Solid Waste Sewer and Solid Waste Enterprise FundsEnterprise FundsFiscal Year 2012 OverviewFiscal Year 2012 OverviewPresented to Board of SelectmenPresented to Board of SelectmenJanuary 26, 2011January 26, 2011
Sewer Enterprise FundSewer Enterprise FundFY12 AssumptionsFY12 AssumptionsRevenueRevenueSewer Fee Income Sewer Fee Income 0.00% Increase 0.00% Increase Volume IncreaseVolume Increase(TBP by DPW Director)(TBP by DPW Director)Privilege FeePrivilege Fee57.40% (Decrease)57.40% (Decrease)ExpenseExpenseDebt ServiceDebt Service4.57% Increase4.57% IncreaseSalariesSalaries0.35% Increase0.35% IncreaseMedical InsuranceMedical Insurance34.40% Increase34.40% IncreaseRetirementRetirement29.20% Increase29.20% IncreaseUtilitiesUtilities30.50% Increase30.50% Increase
Sewer Enterprise FundSewer Enterprise Fund$ 537,499$ 537,499$ 0$ 0$ 0$ 0($ 391,017)($ 391,017)Retained EarningsRetained Earnings$ (537,499)$ (537,499)$ 0$ 0($ 886,700)($ 886,700)$ 391,017$ 391,017SubtotalSubtotal(Excess) Deficit(Excess) Deficit$ 0$ 0$ 0$ 0$ 0$ 0$ 0$ 0Total Total (Excess) Deficit(Excess) Deficit$ 4,686,462$ 4,686,462$4,293,550$4,293,550$4,687,331$4,687,331$4,610,996$4,610,996Operating ExpenseOperating Expense$ 1,011,087$ 1,011,087$ 953,000$ 953,000$ 889,383$ 889,383$ 750,158$ 750,158Personnel ExpensePersonnel Expense($5,160,050)($5,160,050)($5,246,550)($5,246,550)($6,463,414)($6,463,414)($4,970,137)($4,970,137)RevenueRevenueFY2012 FY2012 Projection As of Projection As of 01/18/201101/18/2011FY2011FY2011BudgetBudgetFY2010FY2010ActualActualFY2009FY2009ActualActual
Sewer Enterprise Fund Sewer Enterprise Fund FY12 Projected RevenueFY12 Projected Revenue($ 0)($ 0)($ 0)($ 0)($ 16,036)($ 16,036)($ 7,528)($ 7,528)Sewer Liens CollectedSewer Liens Collected($ 2,500)($ 2,500)($ 0)($ 0)($ 2,771)($ 2,771)($ 2,888)($ 2,888)Interest on Interest on InvestmentsInvestments$ 0 $ 0 $ 0 $ 0 $ 9,725 $ 9,725 $ 0 $ 0 RefundsRefunds($5,160,050)($5,160,050)($ 5,246,550)($ 5,246,550)($ 5,849,682)($ 5,849,682)($4,462,926)($4,462,926)Total Revenue*Total Revenue*($ 66,000) ($ 66,000) ($ 155,000) ($ 155,000) ($ 911,012) ($ 911,012) ($ 0) ($ 0) Privilege FeePrivilege Fee($ 30,000)($ 30,000)($ 30,000)($ 30,000)($ 95,373)($ 95,373)($ 67,000)($ 67,000)Sewer PermitsSewer Permits($5,061,550)($5,061,550)($ 5,061,550)($ 5,061,550)($4,834,215)($4,834,215)($4,385,510)($4,385,510)Sewer Fee IncomeSewer Fee IncomeFY2012 FY2012 Projection As of Projection As of 01/18/201101/18/2011FY2011FY2011BudgetBudgetFY2010FY2010ActualActualFY2009FY2009ActualActualRevenue SourceRevenue Source*Total Revenue does not include Proceeds from Bond Sale
Sewer Enterprise Fund Sewer Enterprise Fund FY12 Projected Personnel ExpensesFY12 Projected Personnel Expenses$ 115,920$ 115,920$ 87,000$ 87,000$ 113,408$ 113,408$ 58,537$ 58,537InsuranceInsurance$ 117,057$ 117,057$ 90,600$ 90,600$ 82,354$ 82,354$ 75,256$ 75,256RetirementRetirement$ 1,011,087$ 1,011,087$ 953,000$ 953,000$ 889,383$ 889,383$ 750,158$ 750,158Total Personnel ExpTotal Personnel Exp$ 16,610$ 16,610$ 17,500$ 17,500$ 14,379$ 14,379$ 12,545$ 12,545LongevityLongevity17.75%17.75%18.16%18.16%15.95%15.95%13.99%13.99%Personnel Costs as a Personnel Costs as a % of Total Budget% of Total Budget$ 10,800$ 10,800$ 10,600$ 10,600$ 9,914$ 9,914$ 8,810$ 8,810Medicare Payroll TaxMedicare Payroll Tax$ 51,000$ 51,000$ 50,000$ 50,000$ 62,203$ 62,203$ 62,173$ 62,173OvertimeOvertime$ 699,700$ 699,700$ 697,300$ 697,300$ 607,125$ 607,125$ 532,837$ 532,837SalariesSalariesFY2012 FY2012 Projection As of Projection As of 01/18/201101/18/2011FY2011FY2011BudgetBudgetFY2010FY2010ActualActualFY2009FY2009ActualActual
Sewer Enterprise Fund Sewer Enterprise Fund FY12 Projected Operating ExpensesFY12 Projected Operating Expenses$ 4,686,462$ 4,686,462$ 4,293,550$ 4,293,550$ 4,687,331$ 4,687,331$ 4,610,996$ 4,610,996Total Operating Total Operating ExpenseExpense$ 3,259,472$ 3,259,472$ 3,068,000$ 3,068,000$ 3,281,606$ 3,281,606$ 3,541,846$ 3,541,846Debt ServiceDebt Service82.25%82.25%81.84%81.84%84.05%84.05%86.01%86.01%Operating Costs as Operating Costs as a % of Total Budgeta % of Total Budget$ 137,770$ 137,770$ 132,150$ 132,150$ 119,863$ 119,863$ 119,605$ 119,605Siasconset Water Siasconset Water TreatmentTreatment$ 237,640$ 237,640$ 214,400$ 214,400$ 221,680$ 221,680$ 210,879$ 210,879Sewer Collection & Sewer Collection & DisposalDisposal$ 1,051,580$ 1,051,580$ 879,000$ 879,000$ 1,064,182$ 1,064,182$ 738,666$ 738,666Waste Water Waste Water TreatmentTreatmentFY2012 FY2012 Projection As of Projection As of 01/18/201101/18/2011FY2011FY2011BudgetBudgetFY2010FY2010ActualActualFY2009FY2009ActualActual
Sewer Enterprise Fund Sewer Enterprise Fund FY12 Projected Debt ServiceFY12 Projected Debt Service$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000$3,500,000$4,000,000Debt Service$892,192 $528,522 $3,541,846 $3,281,606 $3,068,000 $3,259,472 2007 2008 2009 2010 2011 2012**FY2012 Debt Service only includes completed projects.
Sewer Enterprise FundSewer Enterprise FundFY12 Budget SummaryFY12 Budget SummaryProjected Uses As of 01/18/11Debt Service70%Siasconset Water Treatment3%Sewer Collection &Disposal5%Wastewater Treatment22%Projected Sources As of 01/18/11Interest on Investments0%Privilege Fee1%Sewer Permits1%Sewer Fee Income98%
Solid Waste Enterprise FundSolid Waste Enterprise FundFY12 AssumptionsFY12 AssumptionsRevenueRevenueLandfill Fee IncomeLandfill Fee Income--4.45% (Decrease)4.45% (Decrease)Tipping FeesTipping Fees27.78% Increase27.78% IncreaseVolume IncreaseVolume Increase(TBP by DPW Director)(TBP by DPW Director)General Fund Override 2.50% IGeneral Fund Override 2.50% IncreasencreaseGeneral Fund SubsidyGeneral Fund Subsidy1.86% Increase1.86% IncreaseExpenseExpenseProfessional Services & Freight 14.74% IncreaProfessional Services & Freight 14.74% IncreaseseSalariesSalaries0.82% Increase0.82% IncreaseMedical InsuranceMedical Insurance0.00% Increase0.00% IncreaseRetirementRetirement8.30% Increase8.30% IncreaseUtilitiesUtilities2.31% Increase2.31% Increase
Solid Waste Enterprise FundSolid Waste Enterprise Fund$ 390,500$ 390,500$ 0$ 0($ 79,605)($ 79,605)($ 899,907)($ 899,907)TotalTotal(Excess) Deficit(Excess) Deficit($ 390,500)($ 390,500)$ 0$ 0$ 0$ 0$ 0$ 0Retained EarningsRetained Earnings$ 0$ 0$ 0$ 0($ 79,605)($ 79,605)($ 899,907)($ 899,907)Remaining Remaining VarianceVariance(Excess) Deficit(Excess) Deficit$ 8,259,680$ 8,259,680$ 7,283,791$ 7,283,791$ 7,703,807$ 7,703,807$ 7,643,578$ 7,643,578Operating ExpenseOperating Expense$ 51,910$ 51,910$ 51,400$ 51,400$ 78,295$ 78,295$ 65,596$ 65,596Personnel ExpensePersonnel Expense($ 7,921,090)($ 7,921,090)($ 7,335,191)($ 7,335,191)($ 7,861,708)($ 7,861,708)($ 8,609,082)($ 8,609,082)RevenueRevenueFY2012 FY2012 Projection As of Projection As of 01/18/1101/18/11FY2011FY2011Budget*Budget*FY2010FY2010ActualActualFY2009FY2009ActualActual*FY11 Landfill Mining Expense was paid through Capital / Free Cash.
Solid Waste Enterprise Fund Solid Waste Enterprise Fund FY12 Projected RevenueFY12 Projected Revenue($ 0)($ 0)($ 20,000)($ 20,000)($ 0)($ 0)($ 52,423)($ 52,423)Landfill RecycleLandfill Recycle($ 0)($ 0)($ 0)($ 0)($ 47,739)($ 47,739)($ 12,231)($ 12,231)Landfill Liens Landfill Liens CollectedCollected($ 2,926,000)($ 2,926,000)($ 2,855,108)($ 2,855,108)($ 2,785,471)($ 2,785,471)($ 2,784,000)($ 2,784,000)General Fund General Fund (Override)(Override)($ 2,165,090)($ 2,165,090)($ 2,125,392)($ 2,125,392)($ 2,194,000)($ 2,194,000)($ 2,496,946)($ 2,496,946)General Fund SubsidyGeneral Fund Subsidy($ 7,921,090)($ 7,921,090)($ 7,355,191)($ 7,355,191)($ 7,861,708)($ 7,861,708)($ 8,609,082)($ 8,609,082)Total Revenue*Total Revenue*($ 0) ($ 0) ($ 0) ($ 0) ($ 570) ($ 570) ($ 6,398) ($ 6,398) Penalties & InterestPenalties & Interest($ 2,300,000)($ 2,300,000)($ 1,800,000)($ 1,800,000)($ 2,216,303)($ 2,216,303)($ 2,798,772)($ 2,798,772)Tipping FeesTipping Fees($ 530,000)($ 530,000)($ 554,691)($ 554,691)($ 617,625)($ 617,625)($ 458,312)($ 458,312)Landfill Fee IncomeLandfill Fee IncomeFY2012 FY2012 Projection As of Projection As of 01/18/201101/18/2011FY2011FY2011BudgetBudgetFY2010FY2010ActualActualFY2009FY2009ActualActualRevenue SourceRevenue Source*Total Revenue does not include Proceeds from Bond Sale
Solid Waste Enterprise FundSolid Waste Enterprise FundGeneral Fund SubsidyGeneral Fund Subsidy0500000100000015000002000000250000030000002008 2009 2010 2011 2012*OperatingOverrideAdditionalGeneral FundSubsidy*FY2012 Additional General Fund Subsidy assumes Landfill Mining in the amount of $653,090 will be funded from the operating budget.
Solid Waste Enterprise Fund Solid Waste Enterprise Fund FY12 Projected ExpensesFY12 Projected Expenses*FY11 Landfill Mining Expense was paid through Capital / Free Cash.$ 0$ 0$ 0$ 0$ 0$ 0$ 971$ 971Compost FacilityCompost Facility$ 8,311,590$ 8,311,590$ 7,335,191$ 7,335,191$ 7,782,102$ 7,782,102$ 7,709,175$ 7,709,175Total Projected Total Projected ExpensesExpenses81.65%81.65%80.64%80.64%82.72%82.72%89.30%89.30%Professional Services as Professional Services as a % of Total Budgeta % of Total Budget$ 651,810$ 651,810$ 568,972$ 568,972$ 592,229$ 592,229$ 608,241$ 608,241Recycle & MRFRecycle & MRF$ 7,659,780$ 7,659,780$ 6,766,219$ 6,766,219$ 7,189,873$ 7,189,873$ 7,099,963$ 7,099,963Solid Waste Collection Solid Waste Collection & Disposal& DisposalFY2012 FY2012 Projection As of Projection As of 01/18/201101/18/2011FY2011FY2011Budget*Budget*FY2010FY2010ActualActualFY2009FY2009ActualActual
Solid Waste Enterprise FundSolid Waste Enterprise FundFY12 Budget SummaryFY12 Budget SummaryProjected Uses As of 01/18/11Utilities5%Other Op Expense11%Debt Service2%Professional Services81%Personnel Exp1%Projected Sources As of 01/18/11GF Subsidy27%GF Override37%Tipping Fees29% Landfill Fees7%
Next StepsNext StepsSewer Enterprise Fund (SEF):Sewer Enterprise Fund (SEF):Identify FY2012 new projects & funding sourcesIdentify FY2012 new projects & funding sourcesApproval to move budget forward to the Finance Approval to move budget forward to the Finance CommitteeCommitteeSolid Waste Enterprise Fund (SWEF):Solid Waste Enterprise Fund (SWEF):Approval to move budget forward to the Finance Approval to move budget forward to the Finance CommitteeCommittee