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Solid-waste budget shows $305,000 net; board discusses creating capital replacement reserves
Summary
A budget presentation showed FY25 revenues above estimates and expenses below budget, producing a roughly $305,000 positive net; board members discussed setting aside funds for an asset-replacement/CIP account and the need for about $600,000 for a future transfer station match.
County staff presented the solid-waste enterprise financial results for fiscal year 2025, reporting higher-than-expected revenues, lower expenditures and a net positive of about $305,000 after accounting entries.
"Revenue came in 11.6% higher at 1,298,000. Expenses were 993,000," Bill said while presenting the spreadsheet. "Even after you pay [certain expenses], we ended up $305,000 net in our budget."
Bill credited higher maintenance-assessment receipts and cost savings from changing landfill contracts for much of the gain. He also said the equitable assessment recovery program returned about $148,004, leaving roughly $103,000 yet to be recovered.
Staff reported they had set aside roughly $104,000 for future replacement of machinery and equipment and that the enterprise paid off an inter-capital loan this year. Board members discussed options to move a portion of the uncommitted cash balance into a capital improvement/asset-replacement fund to build reserves for equipment and facilities.
"If we decide to build a new transfer station... I gotta have $600,000 sitting there right now at today's value for my 10% match," TJ Gravely, public works director, said, referring to a potential grant that would require a local match.
Members discussed a precautionary split—retaining a cushion in the operating enterprise account while moving another portion into the capital replacement fund. No formal budget amendment was made at the meeting; staff said they would include the item in a future quarterly budget review and can perform a budget amendment if the board and commission agree to move funds.
Ending: Staff will report in the next quarterly budget review with recommended amounts and a proposed budget amendment if appropriate.
