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Finance director says solid‑waste revenues were conservatively estimated; staff will file amendment to update FY2025 estimates
Summary
Interim Finance Director Crystal Feist explained why the FY2025 solid‑waste revenue estimate was lower than later collections, described fund accounting rules and said staff will update estimates via a budget amendment once several months of actuals are available.
Interim Finance Director Crystal Feist briefed council on a series of public questions about the city’s solid‑waste fund and how fund balance and revenue estimates were handled in the FY2025 adopted budget.
Feist said the department used the city’s standard practice in July when developing the proposed budget — projecting revenues from prior‑year actuals and applying an escalator — because the final assessed rates had not yet been adopted. Once the adopted rate structure was available in August and several months of actual…
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