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    6.    
Public Works Committee
Meeting Date: 04/24/2019  
Submitted For: Bobby Masterson Submitted By: Jan Wells, Public Works

Information
Item
Recommendation of approval for a transfer of appropriation from the Solid Waste Reserve to the Solid Waste Recycling budget; $445,000
Background
The City's contracted price for recycling increased July 1, 2018, which was after the FY2018/19 budgets were approved.  Staff elected to wait until December to request a rate increase to cover the contractor's new recycling fee to avoid timing conflicts for the water and electric rate increases.

As a result, Solid Waste Recycling absorbed the fee increase for the first six months of FY2018/19.  Currently, the recycling contract is averaging $122,500 per month, and there is approximately $75,000 left in the budget.  Therefore, a transfer of $445,000 from the Solid Waste Reserve will cover the costs through the end of June 2019. 
Time Frame
Immediate upon approval
Issue
Solid Waste Recycling requires a transfer of appropriate from the Solid Waste Reserve in order to cover the remaining recycling costs for FY2018/19.
Recommendations
Staff recommends approval
Action Needed
Motion to approve
Public Notification
Posted agenda

Fiscal Impact
Funding/Cost: $445,000
Budgeted Item Y/N or N/A: N
Account:
From: Solid Waste Reserve - $445,000
To: Solid Waste Recycling - 564342-8361 - $445,000
Attachments
No file(s) attached.

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