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Fiscal Year 2025/2026 Preliminary Budget
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Requested Action(s)
recommendation
Review and approve either option 1 of the preliminary FY 2025/2026 Budget with funding the Organic Materials Program Coordinator or option 2 without funding the Organic Materials Program Coordinator, as presented.
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Financial Impact:
As listed.
Background Information:
Attached are two options for the recommended preliminary budget for fiscal year 2025/2026.
Below is a description of major revenues and expenses for each option:
Income
The proposed FY 2025/2026 budget with funding for the Organic Materials Program Coordinator (OMPC), and without funding the position, utilizes the following revenue sources and would result in a contingency of $31,778.83 (3.44%) or $33,985.48 (4.07%), respectively:
- 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 recommended interest rate has not yet been released, so the preliminary budget is based upon a 2% interest rate. This will be amended at the time the Board approves the final budget.
- Gate Fees w/ OMPC (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. ...
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