FY2024 Proposed Budget

LANDFILL FUND The Landfill Fund accounts for the business-like operations of the City’s municipal landfill and recycling operations. The Landfill fund is primarily supported by user fees. Fund Balance: The Landfill Fund’s total fund balance on June 30, 2022 was $26.542 million, which was a 3.16% increase from fiscal year 2021. Of the $26.542 million, $24.092 million was restricted in use per Iowa State code for site closure, post closure, and environmental protection costs and reserved for landfill cell replacement. The overall fund balance increase was primarily due to the increase in the restricted reserves.

(1) FY23 - FY25 figures are estimates The fiscal year 2023 unassigned fund balance is $2,287,802 which is a 6.6% or $162,077 decrease over the fiscal year 2022 unassigned fund balance. The projected reduction is primarily due to an increase in budgeted transfers out to the Capital Projects Fund. The fiscal year 2024 unassigned fund balance is projected to decrease $476,673 or 20.8% to $1,811,129. This decrease is also primarily due to transfers out to the Capital Projects Fund. The Landfill maintains a reserve for the cell replacement. For each ton deposited at the Landfill, a transfer is made to the replacement reserve of $4.00 per ton. The projected balance in the Landfill Cell Replacement Reserve at the end of fiscal year 2024 is $2.97 million not including projected outstanding loan balances of $1,010,419 to the Parking Fund, $1,571,451 to the General Fund, and $1,047,634 to the Road Use Tax Fund. The Landfill Cell Replacement Reserve will have four outstanding inter-fund loan as of the end of fiscal year 2023. The following is a summary of those loans:

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