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25 Conservation Recycling DivisionCONSERVATION/RECYCLING DIVISION This division coordinates the City's conservation and recycling projects. Current projects include curbside recycling, brush pickup, Mighty Tidy Day, and leaf drop off. Curbside recycling is handled by a private contractor under a contract. These recycling services are provided for approximately 6,934 households in the City. Curbside recycling is handled by a private contractor. This contract ends December 31, 2021. The City added a curbside organics program that started in January, 2022. REVENUES User fees are charged on the city utility bill for all residential customers that receive curbside recycling and organics pickup service. EXPENSES A transfer of $75,000 is made to the General Fund to offset the personal costs related to the administration of the program. DIVISION: Recycling (081) OBJECT DESCRIPTION Supplies and Services 6320 Operating Supplies 6340 Professional Services 6342 Postage 6352 General Notices & Information 6440 Contractual Services TOTAL Supplies and Services Transfers 7220 Overhead Transfer -General Fund TOTAL Transfers TOTALS CITY OF GOLDEN VALLEY 2022 - 2023 OPERATING BUDGET PROGRAM: Recycling (7001) 2019 2020 2021 2021 2022 2022 2023 ACTUAL ACTUAL ADOPTED ESTIMATED CONCEPT ADOPTED CONCEPT $0 $0 $9,500 $9,500 $9,500 $10,500 $11,500 363,200 409,413 430,545 430,545 958,955 985,480 1,011,400 3,229 - 7,500 7,500 7,500 7,500 7,500 2,027 1,158 7,560 7,560 7,560 7,560 7,560 57,330 42,747 59,000 59,000 60,770 62,595 64,470 425,786 453,318 514,105 514,105 1,044,285 1,073,635 1,102,430 51,500 51,500 51,500 51,500 75,000 75,000 75,000 51,500 51,500 51,500 51,500 75,000 75,000 75,000 $477,286 $504,818 $565,605 $565,605 $1,119,285 $1,148,635 $1,177,430 CITY OF GOLDEN VALLEY CONSERVATION / RECYCLING FUND Actual 2019 Actual 2020 Adopted 2021 Estimated 2021 Concept 2022 ADOPTED 2022 Concept 2023 Percent Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total County Grant 44,080 9.0% 36,911 7.2% 30,000 5.8% 35,555 6.8% 10,000 1.2% 35,000 3.5% 35,000 3.4% Recycling Charges (1) 408,058 83.0% 439,160 85.9% 466,785 90.3% 466,785 88.9% 829,075 96.5% 942,745 94.2% 970,760 94.4% Mighty Tidy Day charges 10,737 2.2 % 14,194 2.8 % 10,000 1.9 % 13,000 2.5 % 10,000 1.2 % 13,000 1.3 % 13,000 1.3 % Interest Earnings 28,942 5.9% 21,228 4.2% 10,000 1.9% 10,000 1.9% 10,000 1.2% 10,000 1.0% 10,000 1.0% TOTALS $491,817 100.0% $511,493 100.0% $516,785 100.0% $525,340 100.0% $859,076 100.0% $1,000,745 100.0% $1,028,760 100.0% CITY OF GOLDEN VALLEY CONSERVATION / RECYCLING FUND Net Position Net Assets @ 01/01/21 $1,240,762 Estimated Revenue - 2021 $525,340 Estimated Expenses - 2021 565,605 Excess of Revenue Over (Under) Expenses (40,265) Estimated Net Position @ 12/31/21 $1,200,497 Adopted Revenue - 2022 1,000,745 Adopted Expenses - 2022 1,148,635 Excess of Revenue Over (Under) Expenses Projected Net Position @ 12/31 /22 Concept Revenue - 2023 Concept Expenses - 2023 Excess of Revenue Over (Under) Expenses Projected Net Position @ 12/31/23 1,028,760 1,177, 430 (147,890) $1,052,607 (148,670) $903,937