title
Fiscal Year 2025/2026 Final Budget
end
Requested Action(s)
recommendation
Review and approve the final FY 2025/2026 Budget, as presented.
body
Financial Impact:
Background Information:
Attached is the recommended final budget for fiscal year 2025/2026.
Below is a description of major changes in revenues and expenses as compared to the preliminary approved FY 2025/2026 budget:
Income
The proposed FY 2025/2026 budget utilizes the following revenue sources and would result in a contingency of $42,503.83 (4.43%):
- Interest (440300) income is relative to federal interest rates. The Agency follows the guidance provided by the Tehama County Auditor-Controller for the purposes of budgeting interest income. The recommendation from the Auditor-Controller is a 2% interest rate.
- Gate Fees (461001) have been budgeted based on a flat fee. Despite the fact that expenses are projected to increase over FY 2024/2025 due to changes listed in this narrative, staff is not recommending an increase in the monthly fee of $70,000 due to the increase in the tipping fee as a result of the new operations contract. FY 2024/2025 resulted in a revenue surplus due to the Recycling Program Analyst position vacant for four months and the very sad unexpected death of the Agency Manager. Staff is proposing to use a small portion of the surplus to mitigate further tipping fee increases at this time. The Agency has a healthy retained earnings balance. Most increases listed in the proposed budget are outside of the Agency's control, with very few exceptions.
- Hazardous Waste Fees (461005) includes PaintCare reimbursements for managing paint reuse and reimbursement for home-generated sharps disposal. A small amount of revenue is also attributed to household hazardous waste business fees.
- Miscellaneous Revenue (471120) generally includes grazing lease fees, and other small amounts of revenue.
- Interfund Revenue (461070) is reimbursed salary/wages for direct labor on...
Click here for full text