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FY 2025/26 Quarterly Budget Update
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Requested Action(s)
recommendation
Review and approve the revised FY 2025/2026 budget, as presented.
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Financial Impact:
Background Information:
Attached is a spreadsheet providing a summary of third quarter revenues and expenditures as of March 23, 2026.
Income
The FY 2025/2026 budget utilizes the following revenue sources and is expected to result in a contingency of $163,854.83 (15.17%):
- Interest (440300) income is relative to federal interest rates. The third quarter interest apportionment has not yet been posted.
- Gate Fees (461001), which are budgeted based on a flat monthly fee of $70,000 per month for FY 2025/2026, represent eight months of gate fee revenues.
- Hazardous Waste Fees (461005) represent HHW business fees, donations made to the used oil collection facility (ABOPS) and Ag Oil Facility. The second quarter PaintCare reimbursement for our REAP paint reuse program was received in February.
- Miscellaneous Revenue (471120) includes grazing lease fees, and other small amounts of revenue.
- Interfund Revenue (461070) is reimbursed labor costs for grant-related work.
- Fund Balance Available (301900) income utilizes available funds from previous fiscal years as a funding source.
Expenses
Expenses are projected as described below.
- Salary/Wages (510100), PERS (510200), OASDI (510210), Group Insurance (510300), and Unemployment Insurance (510310) take into consideration normal step increases at anniversary dates and recruitment of replacement employees.
- Pay in Lieu/Misc Payouts (51015) includes payment for accrued vacation or Personal Time Off.
- PERS Unfunded Liability and ADP Misc PERS Unfunded are the Agency's portion of the PERS unfunded liability, currently at $48,469.14 for FY 2025/26, and an additional discretionary payment to pay down the unfunded PERS loan balance faster.
- Workers Compensation (510400) rates are expected to decrease slightly.
- Property, Crime, Lia...
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