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28- 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, 2026. 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. CITY OF GOLDEN VALLEY CONSERVATION I RECYCLING FUND REVENUE DETAIL Actual 2021 Actual 2022 ADOPTED 2023 Estimated 2023 Concept 2024 ADOPTED 2024 Concept 2026 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 39,888 7.3% 87,726 8.0% 35,000 3.1% 46,515 4.1% 35,000 2.9% 40,000 3.4% 40,000 3.3% Recycling Charges (1) 500,605 91.4% 520,213 47.5% 541,050 47.5% 541,050 47.2% 571,100 47.6% 561,990 47.3% 582,930 47.4% Organic Charges -1 0 520,213 47.5% 541,050 47.5% 541,050 47.2% 571,100 47.6% 561,990 47.3% 582,930 47.4% Mighty Tidy Day charges 13,062 2.4 % 13,280 1.2 % 13,000 1.1 % 13,000 1.1 % 13,000 1.1 % 13,000 1.1 % 13,000 1.1 % Interest Eamings (5,709) -1.0% (46,795) -4.3% 10,000 0.9% 5,000 0.4% 10,000 0.8% 10,000 0.8% 10,000 0.8% TOTALS $547,846 100.0% $1,094,637 100.0% $1,140,100 100.0% $1,146,615 100.0% $1,200,200 100.0% $1,186,980 100.0% $1,228,860 100.0% Notes: (1) Based on the following quarterly charges to residential units: 1-Apr 1-Apr 1-Apr 1-Apr 1-Apr 2021 2022 A 2023 2024 A 2025 Single - Family (Up to a 4-Plex) $16.00 $34.00 $36.00 $38.00 $40.00 Rates increase starting in April 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 2024 - 2025 OPERATING BUDGET PROGRAM: Recycling (7001) 2024% 2025% 2021 2022 2023 2023 2024 2024 2025 OVER 2023 Over 2024 ACTUAL ACTUAL ADOPTED ESTIMATED CONCEPT ADOPTED CONCEPT ADOPTED PROPOSED $335 $1,634 $11,500 $11,500 $11,500 $11,500 $11,500 0.00% 0.00% 412,166 945,321 1,013,700 1,013,700 1,043,800 1,065,800 1,100,900 5.14% 3.29% 479 506 7,500 7,500 7,500 7,500 7,500 0.00% 0.00% 4,447 1,281 7,560 7,560 7,560 7,560 7,560 0.00% 0.00% 57,895 36,064 64,470 64,470 64,470 64,740 64,470 0.42% -0.42% 475,322 984,806 1,104,730 1,104,730 1,134,830 1,157,100 1,191,930 4.74% 3.01% 51,500 75,000 75,000 75,000 75,000 75,000 75,000 51,500 75,000 75,000 75,000 75,000 75,000 75,000 0.00% 0.00% $526,822 $1,059,806 $1,179,730 $1,179,730 $1,209,830 $1,232,100 $1,266,930 4.44% 2.83% CITY OF GOLDEN VALLEY CONSERVATION / RECYCLING FUND Net Position * Net Assets @ 01 /01 /23 Estimated Revenue - 2023 $1,146,615 Estimated Expenses - 2023 1,179,730 Excess of Revenue Over (Under) Expenses Estimated Net Position @ 12/31/23 Adopted Revenue - 2024 1,186,980 Adopted Expenses - 2024 1,232,100 Excess of Revenue Over (Under) Expenses Projected Net Position @ 12/31/24 Concept Revenue - 2025 1,228,860 Concept Expenses - 2025 1,266,930 Excess of Revenue Over (Under) Expenses Projected Net Position @ 12/31/25 $1,304,720 (33,115) $1,271,605 (45,120) $1,226,485 (38,070) $1,188,415