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SPSA approves $3.2 million FY25 surplus allocation; board authorizes purchase of eight walking-floor trailers
Summary
SPSA reported a $3.2 million surplus for FY25, approved a $1 million rate stabilization fund and directed remaining surplus toward landfill expansion and flyover funds; the board also authorized purchase of eight walking-floor trailers at $924,720 to address equipment failures.
The Southeastern Public Service Authority Board of Directors voted Aug. 27 to allocate a $3.2 million fiscal year 2025 surplus and to purchase eight new 48-foot walking-floor trailers to support landfill hauling operations.
SPSA’s treasurer reported total FY25 revenue of $70.9 million and total expenses of $67.6 million, leaving a surplus of $3.2 million. The board approved establishing a rate stabilization fund with a beginning balance of $1 million and directing the remaining surplus toward landfill expansion and the flyover project.
On capital purchasing, staff told the board they had budgeted $470,900 this year to buy four walking-floor trailers but recommended purchasing eight trailers for $924,720 because multiple older trailers suffered catastrophic failures and repair costs were high. The recommendation would use funds planned for an asphalt repaving project this year and defer that paving until the landfill Cell 7 construction is complete.
Details and rationale: - FY25 totals presented by treasurer: revenue $70,900,000; total tipping fees $50,700,000; surplus $3,200,000. - Drivers of surplus: commercial and noncontract waste were higher than projected (contract waste contributed $2.4 million; noncontract waste $1.8 million over projections); e-waste exceeded projections by about $43,000. - Personnel: overall under budget for personnel; overtime was $541,000 over budget. - Legal fees totaled $662,000 for the year, $220,000 higher than the prior year. - Trailer purchase: increase from 4 to 8 trailers raises the capital request from $470,900 to $924,720; vendor proposed is Ken’s Truck Repair under contract TR11-18.
Board action: The board approved the FY25 surplus appropriation and the motion to authorize the executive director to award a contract to Ken’s Truck Repair to purchase eight walking-floor trailers. Both motions passed with affirmative votes and no recorded opposition.
Staff noted the employee cost savings and operational adjustments made during the year contributed materially to the surplus. The board also discussed using capital funds previously earmarked for a repaving project to cover the additional trailer purchases and will revisit the paving project next year.
The board requested staff circulate contingency information and budget details as follow-up.
