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FY 2023/2024 Final Budget Update
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Requested Action(s)
recommendation
This item is for informational purposes only. No further action is required.
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Financial Impact:
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Background Information:
Attached is a spreadsheet proving the final revenues and expenditures for fiscal year July 1, 2023 - June 30, 2024.
Revenue
44030 Interest- All interest revenue has been posted. Agency staff budgeted interest revenue on the unrestricted retained earnings fund balance based upon the Tehama County Auditor-Controllers recommendation. 461001 Gate Fees- Represents one year of gate fee revenues.
461005 Hazardous Waste Fees -Represents HHW business fees, reimbursements from Med-Project for disposal costs associated with home-generated sharps, donations made to the used oil collection facility (ABOPS) and Ag Oil Facility, Certified Used Oil incentive fund payments and PaintCare reimbursements for our REAP paint reuse program.
471120 Misc Revenue- Represents grazing lease fees and reimbursement for illegally dumped mattresses and box springs recovered through the Agency’s Illegal Dumping and Litter Abatement Program.
461070 Interfund Revenue - These are direct expenses for personnel costs associated with grant funding. Revenue at year end is higher than anticipated due to the Agency being awarded funding that was utilized to offset personnel costs associated with implementing mandatory programs.
Expenditures
Salary/Wages (510100), Overtime (510120), PERS (510200), OASDI (510210), Group Insurance (510300), and Unemployment Insurance (510310) take into consideration normal step increases at anniversary dates.
51040 Workers Compensation increased $1,687.50 over the previous fiscal year.
53150 Insurance includes payment of crime, property, liability and pollution liability premiums.
53200 Membership & Dues- Expenses include annual membership dues to the California Product Stewardship Council (CPSC), Rural Counties’ Environmental Services Joint Powers Authority (ESJPA), Solid Waste Association of North America (SWANA) and the California Association of Recycling Market Development Zones (CARMDZ).
53230 Special/Professional Services- Charges include attorney fees, administrative and accounting services provided by Tehama County, billing for the annual independent audit, and expenses related to document filing with the Tehama County Recorder. Expenses associated with the CEQA study and permitting of the proposed composting facility have been attributed to grant funding received by the Agency. Miscellaneous expenses include costs associated with defensible space clearing around the Agency’s office. The projected components for this expense category is broken out as follows:
|
|
Projected |
Actual |
|
Attorney Fees |
$15,000 |
$7,758.60 |
|
Accounting Services |
$10,000 |
$8,554.86 |
|
Administration Services |
$21,351 |
$21,351 |
|
Audit Services |
$9,500 |
$5,000.00 |
|
Lawrence & Associates |
$1,000 |
$0.00 |
|
Miscellaneous |
$2,000 |
$1,700 |
|
CEQA/Permitting |
$0.00 |
$0.00 |
|
Janitorial Services |
$7,200 |
$5,700.00 |
|
Total |
$66,051 |
$50,064.46 |
53290 Employee Travel/Training Expense - Expenditures include typical training and travel expenses.
558007 Hazardous Waste Disposal - Expenditures include hazardous waste disposal.
558008 Litter Abatement/Illegal Dumping - This expense category funds illegal dumping and litter abatement on public land.
At the close of the fiscal year and after all year-end adjustments were completed, revenues exceeded expenditures by $239,195.82 or 25.03%. Revenues are 107.57% of projected revenue of the year. Expenditures are 84.08% of projected expenditures for the year.
Respectfully Submitted,
Rachel Ross-Donaldson
Agency Manager