ACTION REQUESTED:
Title
Communication from the City Manager and Director of Public Works with a Request to APPROVE the 2018 FISCAL YEAR LANDFILL BUDGET as Adopted by the PEORIA CITY/COUNTY LANDFILL COMMITTEE.
Body
BACKGROUND: On November 15, 2017, the FY2018 Draft Landfill Committee Budget was submitted to the Committee for review. In order to allow ample time for review and comments, the Committee moved to defer until the next scheduled meeting on January 17, 2018. Attached is the FY2018 Landfill Committee Budget, which includes columns for the 2016 actual revenues and expenses plus 2017 budget and the actual revenues and expenses from January 1, 2016 through December 31, 2017. The main variability between these years is the increase level of unexpected operational effort and general consultant services.
The 2017 actual through December 31, 2017 indicates that the estimated surplus/deficit balance (revenue minus expenses) is currently $77,105.95. The surplus includes reimbursements to the City and County of Peoria. These numbers have not been audited.
The projected surplus will provide additional funding into the capital improvement reserve with an estimated total cash on hand balance of $324,765.
Key factors for FY2018 are:
* Revenue reflects the increased LF2 host fee
* City and County personnel costs were readjusted to pre-landfill 3 siting levels at the end of 2015 and have remained constant for 2018
* The 2018 budget includes funds for two capital projects, cover vegetation repair and landfill gas system improvements
* A $100,000 capital project for the reduction of positive gas wells and liquid management costs in the vicinity of the "T-Line" has been held over from 2017
* Routine consultant services, including operations of the closed landfill systems, are slightly increased through 2018 with the assumption that the proposed 2018 project will require some additional operational support as the improvements are integrated into operations
* It...
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