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7. A. 4.
Jan Wells, Public Works
Approval of Transfer of Appropriation from the Solid Waste Reserve to the Solid Waste Recycling budget; $445,000.
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.
Immediate upon approval
Solid Waste Recycling requires a transfer of appropriate from the Solid Waste Reserve in order to cover the remaining recycling costs for FY2018/19.
PW Committee recommends approval
Motion to approve
Budgeted Item Y/N or N/A:
From: Solid Waste Reserve - $445,000
To: Solid Waste Recycling - 564342-8361 - $445,000
No file(s) attached.
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