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Solid Waste Agency projects $6.28M in FY27 capital work; FY27 operating shortfall expected
Summary
Agency staff briefed the working group on FY27 budget projections: $12.26M projected operating revenue, $10.20M projected operating expenses, expected depreciation of $3.73M, and capital improvements budgeted at $6.28M (largely for cell construction); FY27 net income projected at negative $95,600.
Garrett Prestigard, environmental engineer with the Solid Waste Agency, presented the FY27 budget and the FY25 independent auditors' report.
He reported projected FY27 operational revenues of $12,262,900 and operational expenses of $10,201,800, leaving operating income before depreciation of $2,061,100. Anticipated depreciation expense is $3,730,600 and nonoperational revenues are projected at $1,573,900, leaving a FY27 net income projection of negative $95,600. Capital improvements for FY27 total $6,278,700, with the bulk budgeted for construction of the next cell (Phase 5B).
Agency board members and staff explained they typically plan capital projects five to ten years in advance and fund major projects without taking on debt; committees including finance, operations and an executive committee provide oversight. Members noted the agency's net position at the end of FY25 was reported at roughly $58.7 million with assets of about $82.5 million and liabilities around $12.7 million per the FY25 independent auditors' report.
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