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HomeMy WebLinkAboutPresentation_Regular_8/12/2025 (3)Update Refuse & Recycling FundNovember 4, 2024 Refuse & Recycling Fund Update 2.26-2025FYduringblacktheinfundthekeeptoablebeingnotanticipateWe.FundRecycling&RefusetheoperatetoexpendituresFundGeneralthetorelatedcostsfor/year)000,9$at(calculated25 -2024FYor24-2023FYeitherforcollectedbeingareCostsIndirectNo.operations26-2025FYtheinreservesremainingtheofamountsubstantialausingbewillandyearsfivepasttheforbudgetthebalancetoreservesusingbeenhasFun dRecycling&RefuseTheCurrent Situation: Refuse & Recycling Fund Update 3.monthlybillingthanexpensivelessisitHowever,.paymentearlybyreduction%4ataketoresidenttheallowdoesoptionThis.monthlybillingofinsteadBillTaxPBCtheonitemValoremAd-Nonaasc ollectfeesrecycling&refuseutilizesVillageThe./year56.19$or/month63.1$increaseaninresultsThis.obligationcontractualtheoverexpensescovertoincrease%5.3arecommendingisstaffand%88.4isincreaseCPIthe26-202 5(FY)YearFiscalFor.%75.5exceedtonotyear,eachincreasesCPIisagreementthisIn.pickuptrashautomatedforWMwithagreementanintoenteredVillagethe24-2023FYDuringCurrent Situation (continued): Refuse & Recycling Fund Update 4.26-2025FYincasethebewillThis.utilizedarereservestheuntilincreasescontractualthematchesVillagethesufficiently,increasereservestheOnce.operationssupporttoneededamounto verincreasereservesfund’stheuntilincreaserequiredcontractualthethanmorechargingofhistoryahasVillageTheCurrent Situation (continued): Refuse & Recycling Fund Operations 6 Refuse & Recycling Fund 7 Staff will continue to monitor our financial condition with the Refuse & Recycling Fund.25.-We are recommending that Village Council consider adopting Resolution No. 17The Village’s refuse & recycling rates are comparable to other municipalities.Concluding Remarks: Questions 8