Agenda Oct27 2009 Doc6a
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Agenda Oct27 2009 Doc6a as PDF for free.
More details
- Words: 1,392
- Pages: 7
MEMORANDUM TO:
RIVANNA SOLID WASTE AUTHORITY BOARD OF DIRECTORS
FROM:
LONNIE WOOD, DIRECTOR OF FINANCE AND ADMINISTRATION
REVIEWED BY:
THOMAS L. FREDERICK, EXECUTIVE DIRECTOR
SUBJECT:
SEPTEMBER 2009 FINANCIAL SUMMARY
DATE:
OCTOBER 27, 2009
Summarized below and in the attached statements are the results of operational and remediation activities for the first quarter of this fiscal year.
Total Revenues & Support
Operational Results
Remediation Results
$
$
Total Expenses Surplus/(Deficit)*
968,853 1,042,091
$
(73,238)
$
Total
241,280
$ 1,210,133
311,692
1,353,783
(70,412)
$ (143,650)
* Cash reserves from prior year contributions are used for current year remediation deficits
Ivy tipping fees are about $8,000 or 12% under budget through September. Vegetative material revenues remain well over budget, but this is more than offset by shortfalls in tonnages of clean fill and other materials. Ivy transfer station revenues are about $21,000 under budgeted estimates. Zion transfer station tonnages are 10% higher than the straightline estimate but revenues will not reflect this variance until the first quarter true-up is performed. Expenses are generally in line with estimates. This year’s contract cost per ton for transportation and disposal of Ivy MSW decreased 28% which will be reflected in the MSWIvy Transfer column on page 1 of the financial reports. Administrative costs are over budget due to legal fees of $202,500.
Attachments
6a T:\Board\RSWA\Board Meetings 2009\October 2009\SWA SEPT 2009 FINANCIAL COMMENTS.doc
RIVANNA SOLID WASTE AUTHORITY REVENUE AND EXPENSE SUMMARY REPORT FISCAL YEAR 2010 *Budget Target Rate:
FOR THE MONTH ENDED 9/30/09
IVY OPERATIONS Actual Budget Y-T-D
Operations Actual Y-T-D
Budget
25.00%
MSW-IVY TRANSFER Actual Budget Y-T-D
MSW-BFI TRANSFER Actual Budget Y-T-D
RECYCLE OPERATIONS Actual Budget Y-T-D
ADMIN. SERVICES Actual Budget Y-T-D
REVENUES Ivy Tipping Fees Ivy MSW Tipping BFI-MSW Transfer Material Sales-Ivy Recycling Other Revenues Interest and Late Fees
$
Total Revenues $ Budget vs. Actual*
286,243 1,217,325 1,001,300 71,000 195,000 41,000 2,811,868
$
63,267 $ 282,970 236,563 15,462 47,218 15,650 8,022 669,153 $ 23.80%
286,243
63,267 1,217,325
282,970 1,001,300
71,000
15,462
-
15,650
236,563 195,000
47,218 41,000
357,243
$
94,379 $ 1,217,325 26.42%
$
282,970 $ 1,001,300 23.25%
$
236,563 $ 23.63%
195,000
$
47,218 $ 24.21%
41,000
8,022 $
8,022 19.57%
EXPENSES Ivy Operations MSW Transfer-Ivy MSW Transfer-BFI Recycling Operations Administration Debt Service
457,421 1,472,399 675,622 474,420 525,388 224,537 3,829,787
Total Expenses Budget vs. Actual*
Net Operating Income (Loss)
$
Other Funding Sources Local Government Contributions Use of Reserves
87,256 291,429 182,608 105,932 317,677 57,189 1,042,091 27.21%
(1,017,919) $
917,919 100,000
Surplus (Deficit) - Operations
$
-
(372,938) $
457,421
87,256 1,472,399
675,622
457,421
(100,178) $
87,256 19.08%
7,123
1,472,399
$ (255,074) $
-
Environmental Programs Actual Y-T-D
Budget REVENUES Remediation Support Other Revenues - Climate Credits Total Revenues Budget vs. Actual* EXPENSES Ivy Environmental
409,623 40,000 449,623
241,280 241,280 53.66%
1,549,623
311,692 20.11%
1,100,000
70,412
Budget vs. Actual* Cash Reserves Used Surplus (Deficit) - Environmental
$
-
$
(0)
Total Surplus (Deficit)
$
-
$
(0)
SWA Monthly Results FY 2010 - Sep.xls
182,608 474,420
299,700 73,238 $
291,429
Page 1
291,429 19.79%
(8,458) $
675,622
325,678
182,608 27.03%
$
53,955
474,420
$
(279,420) $
105,932
105,932 22.33%
(58,714) $
525,388 224,537 749,925
317,677 57,189 374,867 49.99%
(708,925) $ (366,845)
Rivanna Solid Waste Authority Monthly Financial Status Report FY 2010
August
July Revenues Ivy Tipping Fees Ivy MSW Tipping BFI - MSW Transfer Material Sales - Ivy Recycling Other Revenues Remediation Support Interest & Late Fees
$
Total Revenues
37,771 97,680 83,999 4,337 14,488 5,994 196,091 2,580 442,940
Total Expenses
34,759 166,562 104,113 65,168 41,169 42,387 118,852 19,100 592,111
26,994 17,550 90,495 57,593 28,504 36,425 19,127 276,687
25,503 127,580 96,821 59,846 36,259 36,394 83,619 18,963 484,986
(149,171)
(65,740)
(228,439)
Other Funding Sources Local Government Contributions
159,259
-
140,441
Use of Cash Reserves
19,441
48,190
76,019
29,529
(17,550)
(11,979)
Expenses Ivy-Operations Ivy-Environmental MSW -Ivy MSW -BFI Recycling Operation Administration Administration-Legal Debt Service
Net Operating Income (Loss)
Surplus (Deficit)
SWA Monthly Results FY 2010 - Sep.xls
$
12,226 98,938 74,741 3,135 16,220 2,817 2,869 210,947
September
Page 2
$
13,270 86,352 77,823 7,990 16,511 6,839 45,189 2,572 256,546
Year-to-Date
$
63,267 282,970 236,563 15,462 47,218 15,650 241,280 8,022 910,433
87,256 311,692 291,429 182,608 105,932 115,206 202,471 57,189 1,353,783 (443,350) 299,700 143,650 (0)
Rivanna Solid Waste Authority Monthly Cash Flow Report FY 2010
August
July
Net Operating Income
$
Adjustments for cash flow purposes to show funds available for operations: Local Government Contributions (Increase) decrease in accounts receivable Increase (decrease) in accounts payable Capital reserve fund interest not available in operating cash Trust fund interest not available in operating cash
Increase (Decrease) in Operating Cash Operating Cash Balance - Beginning Operating Cash Balance - Ending
SWA Monthly Results FY 2010 - Sep.xls
(149,171) $
September
(65,740) $
(228,439)
159,259 429,158 85,323 (268) (7)
209,369 (128,780) (277) (6)
140,441 (41,242) (2,304) (235) (6)
524,294
14,565
(131,785)
5,029,762 $ 5,554,057
5,554,057 $ 5,568,622
Page 3
5,568,622 $ 5,436,837
Rivanna Solid Waste Authority Fiscal Year 2010 September 2009 Revenue Detail Report
Tonnage Budget FY 2010
Revenue Line Item IVY TIPPING FEES Clean Fill Material Grindable Vegetative Material Pallets Tires, Whole Sludge Acceptance Tires/White Good (per item) Subtotal
Revenue
Actual YTD
Budget FY 2010
10,800 2,600 175 130 1,300
1,121 912 36 3 268
15,005
2,340
$
TRANSFER STATION - IVY Ivy - Contract Loading - UVA Ivy - Contract Loading - County Ivy - MSW TS Subtotal
5,200 14,000 16,600 35,800
1,147 3,521 3,744 8,412
$
TRANSFER STATION - ZION Zion - MSW Subtotal
16,150 16,150
4,419 4,419
MATERIAL SALES - IVY Encore Metals Wood Mulch & Chips Hauling Fees Other Materials
86,400 124,800 8,050 22,503 17,490 27,000 286,243
21,600 31,200 2,013 5,626 4,373 6,750 71,561
27,836 93,890 1,095,600 $ 1,217,326
6,959 23,473 273,900 304,332
1,001,300 $ 1,001,300
250,325 250,325
$
Subtotal
OTHER REVENUES Keene-Hauling & Maintenance Environmental Credit Other Revenues Subtotal
Total
-12.75% -0.80% -7.41% -7.02%
$
236,563 236,563
$
(13,762) (13,762)
-5.50% -5.50%
$
2,041 46 (704) 10,198 80 11,660
125.61% 0.52% -20.12% 271.95% 63.87% 65.69%
$
5,242 (1,918) (2,466) (2,389) (1,532)
17.05% -51.13% -98.66% -20.33% -3.14%
$
(10,000) 1,702 (8,298)
$
116,279 22,595 138,874
$
40,000 40,000
10,000 10,000
155,039 164,207 90,377 409,623
38,760 41,052 22,594 102,406
$
6,000 35,000 41,000
1,500 8,750 10,250
$
815,373
$
$ 15,171
$
(888) (188) (20,285) (21,361)
30,750 3,750 2,500 11,750 48,750
$
66,955
$
6,071 23,284 253,615 282,970
$
123,000 15,000 10,000 47,000 195,000
$
INTEREST AND LATE FEES Trust Fund Interest Finance Charges Capital Reserve Fund Interest Operating Investment Interest Subtotal
$
$
$ 3,261,492
Page 4
$
$
9,126 44,776 1,646 556 1,953 5,211 63,267
Variance %
-57.75% 43.51% -18.22% -90.12% -55.34% -22.81% -11.59%
$
$
Budget vs. Actual
(12,474) 13,576 (367) (5,070) (2,420) (1,539) (8,294)
1,625 8,750 3,500 3,750 125 17,750
$
REMEDIATION SUPPORT UVA Contribution County Contribution City Contribution Subtotal
Actual YTD
6,500 35,000 14,000 15,000 500 71,000
RECYCLING Material Sales Other Materials & Services Grants Hauling Fees Subtotal
Budget YTD
$
3,666 8,796 2,796 13,948 205 29,410
$
35,992 1,832 34 9,361 47,218
$
-
$
1,702 1,702
$
155,039 41,052 45,189 241,280
$
19 1,495 780 5,728 8,022
$
910,433
-100.00% -82.98%
300.00% 0.00% 100.00% 135.61%
$
19 (5) 780 (3,022) (2,228)
-34.54% -21.74%
$
95,060
11.66%
-0.32%
Rivanna Solid Waste Authority Historical Material Tonnage Report - Recycling Calendar Years 2006-2009
Calendar Year 2006
Calendar Year 2007
Calendar Year 2008
Calendar Year 2009 (Jan-Aug)
In U.S. Tons Fiber Products (including County Program) News Paper (Magazines, Catalogs) - Paper Sort - McIntire Card Board (Corrugated) Mixed Paper (Brown Paper) File Stock (Office Paper) Total Fiber Products Other Products Glass (All grades) (See note**) Metal (Cans) Plastic Total Other Products Total **Note: includes glass crushed and used on roads
Page 5
1,028 1,260 761 692 424 4,165
893 1,334 849 812 348 4,236
538 1,220 861 725 368 3,712
191 732 407 394 216 1,940
669 88 168 925 5,090
744 91 169 1,004 5,240
872 94 143 1,109 4,821
588 83 118 789 2,729
Rivanna Solid Waste Authority MSW Transfer Tonnages FY 2007 - 2010
IVY
Tons
5,000 4,000 3,000 2,000 1,000 0
FY 2007 FY 2008 FY 2009 FY 2010 Jul
Tons
6,000 5,000 4,000 3,000 2,000 1,000 0
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
ZION FY 2007 FY 2008 FY 2009 FY 2010
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Page 6
RIVANNA SOLID WASTE AUTHORITY BOARD OF DIRECTORS
FROM:
LONNIE WOOD, DIRECTOR OF FINANCE AND ADMINISTRATION
REVIEWED BY:
THOMAS L. FREDERICK, EXECUTIVE DIRECTOR
SUBJECT:
SEPTEMBER 2009 FINANCIAL SUMMARY
DATE:
OCTOBER 27, 2009
Summarized below and in the attached statements are the results of operational and remediation activities for the first quarter of this fiscal year.
Total Revenues & Support
Operational Results
Remediation Results
$
$
Total Expenses Surplus/(Deficit)*
968,853 1,042,091
$
(73,238)
$
Total
241,280
$ 1,210,133
311,692
1,353,783
(70,412)
$ (143,650)
* Cash reserves from prior year contributions are used for current year remediation deficits
Ivy tipping fees are about $8,000 or 12% under budget through September. Vegetative material revenues remain well over budget, but this is more than offset by shortfalls in tonnages of clean fill and other materials. Ivy transfer station revenues are about $21,000 under budgeted estimates. Zion transfer station tonnages are 10% higher than the straightline estimate but revenues will not reflect this variance until the first quarter true-up is performed. Expenses are generally in line with estimates. This year’s contract cost per ton for transportation and disposal of Ivy MSW decreased 28% which will be reflected in the MSWIvy Transfer column on page 1 of the financial reports. Administrative costs are over budget due to legal fees of $202,500.
Attachments
6a T:\Board\RSWA\Board Meetings 2009\October 2009\SWA SEPT 2009 FINANCIAL COMMENTS.doc
RIVANNA SOLID WASTE AUTHORITY REVENUE AND EXPENSE SUMMARY REPORT FISCAL YEAR 2010 *Budget Target Rate:
FOR THE MONTH ENDED 9/30/09
IVY OPERATIONS Actual Budget Y-T-D
Operations Actual Y-T-D
Budget
25.00%
MSW-IVY TRANSFER Actual Budget Y-T-D
MSW-BFI TRANSFER Actual Budget Y-T-D
RECYCLE OPERATIONS Actual Budget Y-T-D
ADMIN. SERVICES Actual Budget Y-T-D
REVENUES Ivy Tipping Fees Ivy MSW Tipping BFI-MSW Transfer Material Sales-Ivy Recycling Other Revenues Interest and Late Fees
$
Total Revenues $ Budget vs. Actual*
286,243 1,217,325 1,001,300 71,000 195,000 41,000 2,811,868
$
63,267 $ 282,970 236,563 15,462 47,218 15,650 8,022 669,153 $ 23.80%
286,243
63,267 1,217,325
282,970 1,001,300
71,000
15,462
-
15,650
236,563 195,000
47,218 41,000
357,243
$
94,379 $ 1,217,325 26.42%
$
282,970 $ 1,001,300 23.25%
$
236,563 $ 23.63%
195,000
$
47,218 $ 24.21%
41,000
8,022 $
8,022 19.57%
EXPENSES Ivy Operations MSW Transfer-Ivy MSW Transfer-BFI Recycling Operations Administration Debt Service
457,421 1,472,399 675,622 474,420 525,388 224,537 3,829,787
Total Expenses Budget vs. Actual*
Net Operating Income (Loss)
$
Other Funding Sources Local Government Contributions Use of Reserves
87,256 291,429 182,608 105,932 317,677 57,189 1,042,091 27.21%
(1,017,919) $
917,919 100,000
Surplus (Deficit) - Operations
$
-
(372,938) $
457,421
87,256 1,472,399
675,622
457,421
(100,178) $
87,256 19.08%
7,123
1,472,399
$ (255,074) $
-
Environmental Programs Actual Y-T-D
Budget REVENUES Remediation Support Other Revenues - Climate Credits Total Revenues Budget vs. Actual* EXPENSES Ivy Environmental
409,623 40,000 449,623
241,280 241,280 53.66%
1,549,623
311,692 20.11%
1,100,000
70,412
Budget vs. Actual* Cash Reserves Used Surplus (Deficit) - Environmental
$
-
$
(0)
Total Surplus (Deficit)
$
-
$
(0)
SWA Monthly Results FY 2010 - Sep.xls
182,608 474,420
299,700 73,238 $
291,429
Page 1
291,429 19.79%
(8,458) $
675,622
325,678
182,608 27.03%
$
53,955
474,420
$
(279,420) $
105,932
105,932 22.33%
(58,714) $
525,388 224,537 749,925
317,677 57,189 374,867 49.99%
(708,925) $ (366,845)
Rivanna Solid Waste Authority Monthly Financial Status Report FY 2010
August
July Revenues Ivy Tipping Fees Ivy MSW Tipping BFI - MSW Transfer Material Sales - Ivy Recycling Other Revenues Remediation Support Interest & Late Fees
$
Total Revenues
37,771 97,680 83,999 4,337 14,488 5,994 196,091 2,580 442,940
Total Expenses
34,759 166,562 104,113 65,168 41,169 42,387 118,852 19,100 592,111
26,994 17,550 90,495 57,593 28,504 36,425 19,127 276,687
25,503 127,580 96,821 59,846 36,259 36,394 83,619 18,963 484,986
(149,171)
(65,740)
(228,439)
Other Funding Sources Local Government Contributions
159,259
-
140,441
Use of Cash Reserves
19,441
48,190
76,019
29,529
(17,550)
(11,979)
Expenses Ivy-Operations Ivy-Environmental MSW -Ivy MSW -BFI Recycling Operation Administration Administration-Legal Debt Service
Net Operating Income (Loss)
Surplus (Deficit)
SWA Monthly Results FY 2010 - Sep.xls
$
12,226 98,938 74,741 3,135 16,220 2,817 2,869 210,947
September
Page 2
$
13,270 86,352 77,823 7,990 16,511 6,839 45,189 2,572 256,546
Year-to-Date
$
63,267 282,970 236,563 15,462 47,218 15,650 241,280 8,022 910,433
87,256 311,692 291,429 182,608 105,932 115,206 202,471 57,189 1,353,783 (443,350) 299,700 143,650 (0)
Rivanna Solid Waste Authority Monthly Cash Flow Report FY 2010
August
July
Net Operating Income
$
Adjustments for cash flow purposes to show funds available for operations: Local Government Contributions (Increase) decrease in accounts receivable Increase (decrease) in accounts payable Capital reserve fund interest not available in operating cash Trust fund interest not available in operating cash
Increase (Decrease) in Operating Cash Operating Cash Balance - Beginning Operating Cash Balance - Ending
SWA Monthly Results FY 2010 - Sep.xls
(149,171) $
September
(65,740) $
(228,439)
159,259 429,158 85,323 (268) (7)
209,369 (128,780) (277) (6)
140,441 (41,242) (2,304) (235) (6)
524,294
14,565
(131,785)
5,029,762 $ 5,554,057
5,554,057 $ 5,568,622
Page 3
5,568,622 $ 5,436,837
Rivanna Solid Waste Authority Fiscal Year 2010 September 2009 Revenue Detail Report
Tonnage Budget FY 2010
Revenue Line Item IVY TIPPING FEES Clean Fill Material Grindable Vegetative Material Pallets Tires, Whole Sludge Acceptance Tires/White Good (per item) Subtotal
Revenue
Actual YTD
Budget FY 2010
10,800 2,600 175 130 1,300
1,121 912 36 3 268
15,005
2,340
$
TRANSFER STATION - IVY Ivy - Contract Loading - UVA Ivy - Contract Loading - County Ivy - MSW TS Subtotal
5,200 14,000 16,600 35,800
1,147 3,521 3,744 8,412
$
TRANSFER STATION - ZION Zion - MSW Subtotal
16,150 16,150
4,419 4,419
MATERIAL SALES - IVY Encore Metals Wood Mulch & Chips Hauling Fees Other Materials
86,400 124,800 8,050 22,503 17,490 27,000 286,243
21,600 31,200 2,013 5,626 4,373 6,750 71,561
27,836 93,890 1,095,600 $ 1,217,326
6,959 23,473 273,900 304,332
1,001,300 $ 1,001,300
250,325 250,325
$
Subtotal
OTHER REVENUES Keene-Hauling & Maintenance Environmental Credit Other Revenues Subtotal
Total
-12.75% -0.80% -7.41% -7.02%
$
236,563 236,563
$
(13,762) (13,762)
-5.50% -5.50%
$
2,041 46 (704) 10,198 80 11,660
125.61% 0.52% -20.12% 271.95% 63.87% 65.69%
$
5,242 (1,918) (2,466) (2,389) (1,532)
17.05% -51.13% -98.66% -20.33% -3.14%
$
(10,000) 1,702 (8,298)
$
116,279 22,595 138,874
$
40,000 40,000
10,000 10,000
155,039 164,207 90,377 409,623
38,760 41,052 22,594 102,406
$
6,000 35,000 41,000
1,500 8,750 10,250
$
815,373
$
$ 15,171
$
(888) (188) (20,285) (21,361)
30,750 3,750 2,500 11,750 48,750
$
66,955
$
6,071 23,284 253,615 282,970
$
123,000 15,000 10,000 47,000 195,000
$
INTEREST AND LATE FEES Trust Fund Interest Finance Charges Capital Reserve Fund Interest Operating Investment Interest Subtotal
$
$
$ 3,261,492
Page 4
$
$
9,126 44,776 1,646 556 1,953 5,211 63,267
Variance %
-57.75% 43.51% -18.22% -90.12% -55.34% -22.81% -11.59%
$
$
Budget vs. Actual
(12,474) 13,576 (367) (5,070) (2,420) (1,539) (8,294)
1,625 8,750 3,500 3,750 125 17,750
$
REMEDIATION SUPPORT UVA Contribution County Contribution City Contribution Subtotal
Actual YTD
6,500 35,000 14,000 15,000 500 71,000
RECYCLING Material Sales Other Materials & Services Grants Hauling Fees Subtotal
Budget YTD
$
3,666 8,796 2,796 13,948 205 29,410
$
35,992 1,832 34 9,361 47,218
$
-
$
1,702 1,702
$
155,039 41,052 45,189 241,280
$
19 1,495 780 5,728 8,022
$
910,433
-100.00% -82.98%
300.00% 0.00% 100.00% 135.61%
$
19 (5) 780 (3,022) (2,228)
-34.54% -21.74%
$
95,060
11.66%
-0.32%
Rivanna Solid Waste Authority Historical Material Tonnage Report - Recycling Calendar Years 2006-2009
Calendar Year 2006
Calendar Year 2007
Calendar Year 2008
Calendar Year 2009 (Jan-Aug)
In U.S. Tons Fiber Products (including County Program) News Paper (Magazines, Catalogs) - Paper Sort - McIntire Card Board (Corrugated) Mixed Paper (Brown Paper) File Stock (Office Paper) Total Fiber Products Other Products Glass (All grades) (See note**) Metal (Cans) Plastic Total Other Products Total **Note: includes glass crushed and used on roads
Page 5
1,028 1,260 761 692 424 4,165
893 1,334 849 812 348 4,236
538 1,220 861 725 368 3,712
191 732 407 394 216 1,940
669 88 168 925 5,090
744 91 169 1,004 5,240
872 94 143 1,109 4,821
588 83 118 789 2,729
Rivanna Solid Waste Authority MSW Transfer Tonnages FY 2007 - 2010
IVY
Tons
5,000 4,000 3,000 2,000 1,000 0
FY 2007 FY 2008 FY 2009 FY 2010 Jul
Tons
6,000 5,000 4,000 3,000 2,000 1,000 0
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
ZION FY 2007 FY 2008 FY 2009 FY 2010
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Page 6
Related Documents
Agenda Oct27 2009 Doc6a
June 2020 3
Agenda Oct27 2009 Doc5
June 2020 4
Oct27
August 2019 6
Agenda 2009
April 2020 19
Re Art Harris Oral Arguments Oct27 2009
June 2020 4