2013-10-22_PWETC_AgendaPacket - Laserfiche WebLink

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The Storm Drainage Fund is in excellent financial condition and has a current cash reserve of $2,974,000; a significant portion of which is earmarked for future capital replacements over the next 5- 10 years. Recycling Operations The recycling operation provides for the contracted curbside recycling pickup throughout the City and related administrative costs. The primary operating cost is the amounts paid to a contractor to pick up recycling materials. The following table provides a summary of the 2013 and 2014 (Proposed) Budget: The City recently negotiated a new 3 -year contract that goes into effect in 2014. Under the new contract, the City expects to receive as much as $140,000 in revenue sharing in 2014 along with a $65,000 SCORE grant from Ramsey County. These factors will allow the City to lower its curbside recycling rates. The Recycling Fund is in excellent financial condition and is in a good position to absorb potential reductions in revenue sharing projections. The Fund has a current cash reserve of $264,000 or 50% of the current operating budget. Rate Impacts for 2014 As noted above, a typical single - family home will pay $172.10 per quarter, or $57.37 per month. This is an increase of $2.55 per month from 2013. The following tables provide a more detailed breakdown of the proposed rates. Wa Single- Family Re Single - Family Re Non -SF Resideni Non -SF Resideni Non -SF Resideni Non -SF Resideni Non -SF Resideni Non -SF Resideni Non -SF Resideni 2013 ter Base Rate Cateeory Rate :sidential $ 49.5 0 :sidential: Senior Discount 32.15 2013 2014 S Incr. (Decrease) % Incr. (Decrease) Personnel $ 32,375 $ 36,500 68.65 Supplies & Materials 405 600 ial 2.0" Meter Other Services & Charges 24,910 30,410 ial (3.0" Meter) 374.20 Contract Pickup 474,005 425,000 748.45 823.30 ial (6.0" Meter) 1,496.90 1,646.60 Total $ 531,695 $ 492,410 $ 39,285 (7.4)% The City recently negotiated a new 3 -year contract that goes into effect in 2014. Under the new contract, the City expects to receive as much as $140,000 in revenue sharing in 2014 along with a $65,000 SCORE grant from Ramsey County. These factors will allow the City to lower its curbside recycling rates. The Recycling Fund is in excellent financial condition and is in a good position to absorb potential reductions in revenue sharing projections. The Fund has a current cash reserve of $264,000 or 50% of the current operating budget. Rate Impacts for 2014 As noted above, a typical single - family home will pay $172.10 per quarter, or $57.37 per month. This is an increase of $2.55 per month from 2013. The following tables provide a more detailed breakdown of the proposed rates. Wa Single- Family Re Single - Family Re Non -SF Resideni Non -SF Resideni Non -SF Resideni Non -SF Resideni Non -SF Resideni Non -SF Resideni Non -SF Resideni 2013 ter Base Rate Cateeory Rate :sidential $ 49.5 0 :sidential: Senior Discount 32.15 2014 Rate $ 54.45 35.40 ial (5/8" Meter) 49.45 54.45 ial (1.0" Meter) 62.40 68.65 ial (1.5 "Meter) 98.00 107.80 ial 2.0" Meter 187.10 205.80 ial (3.0" Meter) 374.20 411.60 ial (4.0" Meter) 748.45 823.30 ial (6.0" Meter) 1,496.90 1,646.60 Commen Standard SF rate Standard SF rate x 0.65 Standard SF rate Standard SF rate x 1.25 Standard SF rate x 2.00 Standard SF rate x 3.75 Standard SF rate x 7.50 Standard SF rate x 15.00 Standard SF rate x 30.00 4