FY25 Proposed Budget

LANDFILL FUND

The Landfill Fund accounts for the business-like operations o f the City’s municipal la ndfill and recycling operations. The Landfill fund is primarily supported by user fees.

Fund Balance: The Landfill F und’s total fund balance on June 30, 2023 was $24.088 million, which was a 9.2% decrease from fiscal year 2022. Of the $24.088 million, $21.177 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 decrease was primarily due to the construction of a new cell.

(1) FY24 - FY26 figures are estimates

The fiscal year 2024 unassigned fund balance is $2,547,958 which is a 14.2% or $362,859 decrease over the fiscal year 2023 unassigned fund balance. The projected reduction is primarily due to an increase in expenditures for landfill operations. The fiscal year 2025 unassigned fund balance is projected to increase $191,750 or 7.5% to $2,739,708. This increase is primarily due to increasing the landfill user fees. 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 2025 is $3.69 million not including projected outstanding loan balances of $715,579 to the Parking Fund, $1,454,466 to the General Fund, and $969,0644 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 2024. The following is a summary of those loans:

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