FY26 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, 2024 was $22.5 million, which was a 6.6% decrease from fiscal year 2023. Of the $22.5 million, $19.1 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 equipment building.

Fund Balance (1)

$30,000,000

$25,000,000

$20,000,000

$15,000,000

$10,000,000

$5,000,000

$0

FY2023

FY2024

FY2025

FY2026

FY2027

Unassigned

$2,910,817

$3,395,668

$3,976,366

$4,044,366

$3,810,931

Assigned

$21,176,907

$19,113,126

$20,673,626

$22,297,226

$23,507,661

(1) FY25 - FY27 figures are estimates

The fiscal year revised 2025 unassigned fund balance is $3,976,366 which is a 17.1% or $580,698 increase over the fiscal year 2024 unassigned fund balance. The projected increase is primarily due to a decrease in capital project funding. The fiscal year 2026 unassigned fund balance is projected to increase $68,000 or 1.7% to $4,044,366. This increase is primarily due to a proposed new fee for yard waste. The Landfill maintains a reserve for the cell replacement. Starting in fiscal year 2025, $900,000 will be transferred from the Landfill fund into the Landfill Cell Replacement The projected balance in the Landfill Cell Replacement Reserve at the end of fiscal year 2026 is $5 million not including projected outstanding loan balances of $617,896 to the Parking Fund, $1,335,714 to the General Fund, and $890,476 to the Road Use Tax Fund.

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