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Committee debates enterprise accounting for solid waste and land management; solid waste deficit and possible fee adjustments discussed
Summary
Committee members discussed whether to retain solid waste and land management as enterprise funds after staff cited a shortfall that would require a steep fee increase to achieve full cost recovery under FY24 figures.
The Denali Borough Finance Committee reviewed enterprise-fund accounting guidance and discussed whether the borough's solid waste and land-management activities should remain listed as enterprise funds.
Finance staff referenced Governmental Accounting Standards Board guidance (GASB Statement 34) and said enterprise funds are typically used when a government charges fees to recover costs. Staff noted the solid waste operation currently runs at a deficit and that a full cost-recovery calculation based on FY24 audited figures would require a…
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