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Wastewater Fund
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Wastewater Revenue 2008 - $296,885.17
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Wastewater Revenue 2008 - $296,885.17 2009 - $315,380.07
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Wastewater Revenue 2008 - $296,885.17 2009 - $315,380.07 2010 - $309,862.46
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Wastewater Revenue 2008 - $296,885.17 2009 - $315,380.07 2010 - $309,862.46 2011 - $308,800.00 (Estimated)
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Wastewater Revenue Average Revenue for the past four Years $307,731.93
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Wastewater Expenses 2008 - $384,383.35
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Wastewater Expenses 2008 - $384,383.35 2009 - $349,097.15
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Wastewater Expenses 2008 - $384,383.35 2009 - $349,097.15 2010 - $328,647.76
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Wastewater Expenses 2008 - $384,383.35 2009 - $349,097.15 2010 - $328,647.76 2011 - $320,066.16 (Estimated)
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Wastewater Expenses Average Expenses for the Past Four Years $345,548.61
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Wastewater Fund Average Revenue Average Expenses $307,731.93 $345,548.61 Average Difference Per Year $37,816.68 Average Over Spent Per Year 11%
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Wastewater Fund Average Revenue Average Expenses $307,731.93 $345,548.61 Average Difference Per Year $37,816.68 Average Over Spent Per Year 11% The fund will balance with no increase in rates as long as no capital projects are paid for from the fund.
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Loan Debt Current Loan Debt – 1.$102,988.96 Wastewater Plant (pay off date January 2012)
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Loan Debt Current Loan Debt – 1.$102,988.96 Wastewater Plant (pay off date January 2012) 2.$12,500.00 Storm Sewer Project (pay off July 2012)
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Loan Debt Current Loan Debt – 1.$102,988.96 Wastewater Plant (pay off date January 2012) 2.$12,500.00 Storm Sewer Project (pay off July 2012) 3.$13,255.00 East Main Street Project (pay off date July 2025)
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Loan Debt Current Loan Debt – 1.$102,988.96 Wastewater Plant (pay off date January 2012) 2.$12,500.00 Storm Sewer Project (pay off July 2012) 3.$13,255.00 East Main Street Project (pay off date July 2025) 4.$2,250.00 East Main Street Project (pay off date July 2025)
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Loan Debt Current Loan Debt – 1.$102,988.96 Wastewater Plant (pay off date January 2012) 2.$12,500.00 Storm Sewer Project (pay off July 2012) 3.$13,255.00 East Main Street Project (pay off date July 2025) 4.$2,250.00 East Main Street Project (pay off date July 2025) Total Loan Debt in Wastewater Fund = $130,993.96
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Loan Debt Current Loan Debt – 1.$102,988.96 Wastewater Plant (pay off date January 2012) 2.$12,500.00 Storm Sewer Project (pay off July 2012) 3.$13,255.00 East Main Street Project (pay off date July 2025) 4.$2,250.00 East Main Street Project (pay off date July 2025) Total Loan Debt in Wastewater Fund = $130,993.96 Total Annual Loan Debt Payment January 2013= $15,505
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Loan Debt Current Loan Debt – 1.$102,988.96 Wastewater Plant (pay off date January 2012) 2.$12,500.00 Storm Sewer Project (pay off July 2012) 3.$13,255.00 East Main Street Project (pay off date July 2025) 4.$2,250.00 East Main Street Project (pay off date July 2025) Total Loan Debt in Wastewater Fund = $130,993.96 Total Annual Loan Debt Payment January 2013= $15,505 Loan Amount Available for Two Projects $115,488.96
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Wastewater Projects Wastewater Plant (Included – water plant sewer line to sanitary sewer) Total Cost - $3,175,000 (Bid Amount) Grants - $900,000 (OPWC $400,000 & CDBG $500,000) Loan Amount - $2,275,000 (EPA 0% loan for 20 years)
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Wastewater Projects Wastewater Plant (Included – water plant sewer line to sanitary sewer) Total Cost - $3,175,000 (Bid Amount) Grants - $900,000 (OPWC $400,000 & CDBG $500,000) Loan Amount - $2,275,000 (EPA 0% loan for 20 years) Annual Loan Payment $113,750
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Wastewater Projects Wastewater Plant (Included – water plant sewer line to sanitary sewer) Total Cost - $3,175,000 (Bid Amount) Grants - $900,000 (OPWC $400,000 & CDBG $500,000) Loan Amount - $2,275,000 (EPA 0% loan for 20 years) Annual Loan Payment $113,750 Sewer Separation Total Cost - $1,400,000 (Engineer Estimate) Grants - $280,000 (CDBG NR $200,000 & CDBG Formula $80,000) Loan Amount - $1,120,000
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Wastewater Projects Wastewater Plant (Included – water plant sewer line to sanitary sewer) Total Cost - $3,175,000 (Bid Amount) Grants - $900,000 (OPWC $400,000 & CDBG $500,000) Loan Amount - $2,275,000 (EPA 0% loan for 20 years) Annual Loan Payment $113,750 Sewer Separation Total Cost - $1,400,000 (Engineer Estimate) Grants - $280,000 (CDBG NR $200,000 & CDBG Formula $80,000) Loan Amount - $1,120,000 Annual Loan Payment Option 1 (EPA 20 years, 0%) $56,000
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Wastewater Projects Wastewater Plant (Included – water plant sewer line to sanitary sewer) Total Cost - $3,175,000 (Bid Amount) Grants - $900,000 (OPWC $400,000 & CDBG $500,000) Loan Amount - $2,275,000 (EPA 0% loan for 20 years) Annual Loan Payment $113,750 Sewer Separation Total Cost - $1,400,000 (Engineer Estimate) Grants - $280,000 (CDBG NR $200,000 & CDBG Formula $80,000) Loan Amount - $1,120,000 Annual Loan Payment Option 1 (EPA 20 years, 0%) $56,000 Option 2 (OPWC 30 years, 0%) $37,400
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Wastewater Projects Available Annual Loan Amount $115,488.96
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Wastewater Projects Available Annual Loan Amount $115,488.96 Annual Loan Amount for Two Sewer Projects Option 1 $169,750 (over by $54,261)
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Wastewater Projects Available Annual Loan Amount $115,488.96 Annual Loan Amount for Two Sewer Projects Option 1 $169,750 (over by $54,261) Option 2 $151,150 (over by $35,661)
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Wastewater Projects Sewer Separation Project – Village contribution- a)$266,984 Sewer Fund (funds would come from paid off loans $166,984, only if new loan payments begin January 2014. The remainder would come from Capital Cash Reserve, $100,000 remaining balance in capital cash reserve would be approximately $118,000) b)$30,000 Street Fund (amount would come from Capital Cash Reserve) c)$15,016 Water Fund (amount would come from Capital Cash Reserve) Total Village Contribution = $312,000
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Wastewater Projects Loan Before Village Contribution Loan Amount - $1,120,000 Annual Loan Payment Option 1 (EPA 20 years, 0%) $56,000 Option 2 (OPWC 30 years, 0%) $37,400
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Wastewater Projects Loan Before Village Contribution Loan Amount - $1,120,000 Annual Loan Payment Option 1 (EPA 20 years, 0%) $56,000 Option 2 (OPWC 30 years, 0%) $37,400 Loan After Village Contribution Loan Amount - $808,000 Annual Loan Payment Option 1 (EPA 20 years, 0%) $40,400 Option 2 (OPWC 30 years, 0%) $26,934
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Wastewater Projects Loan Before Village Contribution Loan Amount - $1,120,000 Annual Loan Payment Option 1 (EPA 20 years, 0%) $56,000 Option 2 (OPWC 30 years, 0%) $37,400 Loan After Village Contribution Loan Amount - $808,000 Annual Loan Payment Option 1 (EPA 20 years, 0%) $40,400 Option 2 (OPWC 30 years, 0%) $26,934 Total Debt of $140,684
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Wastewater Projects Loan Before Village Contribution Loan Amount - $1,120,000 Annual Loan Payment Option 1 (EPA 20 years, 0%) $56,000 Option 2 (OPWC 30 years, 0%) $37,400 Loan After Village Contribution Loan Amount - $808,000 Annual Loan Payment Option 1 (EPA 20 years, 0%) $40,400 Option 2 (OPWC 30 years, 0%) $26,934 Total Debt of $140,684 Over by $25,195.04
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Wastewater Projects Best Situation EPA 20 Year Loan 0% Loan Amount - $808,000 Annual Loan Payment $40,400
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Wastewater Projects Best Situation EPA 20 Year Loan 0% Loan Amount - $808,000 Annual Loan Payment $40,400 EPA 20 Year Loan 0%, Principle Forgiveness Loan Amount - $808,000 1. 25% Principle Forgiveness $808,000 X.25 = $202,000 Annual Loan Payment = $30,300
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Wastewater Projects Best Situation EPA 20 Year Loan 0% Loan Amount - $808,000 Annual Loan Payment $40,400 EPA 20 Year Loan 0%, Principle Forgiveness Loan Amount - $808,000 1. 25% Principle Forgiveness $808,000 X.25 = $202,000 Annual Loan Payment = $30,300 2.50% Principle Forgiveness $808,000 X.50 = $404,000 Annual Loan Payment = $20,200
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Wastewater Projects Best Situation EPA 20 Year Loan 0% Loan Amount - $808,000 Annual Loan Payment $40,400 EPA 20 Year Loan 0%, Principle Forgiveness Loan Amount - $808,000 1. 25% Principle Forgiveness $808,000 X.25 = $202,000 Annual Loan Payment = $30,300 2.50% Principle Forgiveness $808,000 X.50 = $404,000 Annual Loan Payment = $20,200 3.75% Principle Forgiveness $808,000 X.75 = $606,000 Annual Loan Payment = $10,100
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Increase to Sewer Rates $169,750 – $115,489 = $54,261 / 750 = $72.35 / 12 = $6.03 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with no Village Funds
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Increase to Sewer Rates $169,750 – $115,489 = $54,261 / 750 = $72.35 / 12 = $6.03 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with no Village Funds $151,150 – $115,489 = $35,661 / 750 = $47.55 / 12 = $3.97 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with no Village Funds
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Increase to Sewer Rates $169,750 – $115,489 = $54,261 / 750 = $72.35 / 12 = $6.03 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with no Village Funds $151,150 – $115,489 = $35,661 / 750 = $47.55 / 12 = $3.97 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with no Village Funds $154,150 – $115,489 = $38,661 / 750 = $51.55 / 12 = $4.30 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds
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Increase to Sewer Rates $169,750 – $115,489 = $54,261 / 750 = $72.35 / 12 = $6.03 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with no Village Funds $151,150 – $115,489 = $35,661 / 750 = $47.55 / 12 = $3.97 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with no Village Funds $154,150 – $115,489 = $38,661 / 750 = $51.55 / 12 = $4.30 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds $140,684 – $115,489 = $25,196 / 750 = $33.60 / 12 = $2.80 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with Village Funds
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Increase to Sewer Rates $169,750 – $115,489 = $54,261 / 750 = $72.35 / 12 = $6.03 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with no Village Funds $151,150 – $115,489 = $35,661 / 750 = $47.55 / 12 = $3.97 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with no Village Funds $154,150 – $115,489 = $38,661 / 750 = $51.55 / 12 = $4.30 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds $140,684 – $115,489 = $25,196 / 750 = $33.60 / 12 = $2.80 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with Village Funds $144,050 – $115,489 = $28,562 / 750 = $38.10 / 12 = $3.18 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds and 25% principle forgiveness
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Increase to Sewer Rates $169,750 – $115,489 = $54,261 / 750 = $72.35 / 12 = $6.03 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with no Village Funds $151,150 – $115,489 = $35,661 / 750 = $47.55 / 12 = $3.97 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with no Village Funds $154,150 – $115,489 = $38,661 / 750 = $51.55 / 12 = $4.30 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds $140,684 – $115,489 = $25,196 / 750 = $33.60 / 12 = $2.80 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with Village Funds $144,050 – $115,489 = $28,562 / 750 = $38.10 / 12 = $3.18 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds and 25% principle forgiveness $133,950 – $115,489 = $18,461 / 750 = $24.61 / 12 = $2.05 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds and 50% principle forgiveness
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Increase to Sewer Rates $169,750 – $115,489 = $54,261 / 750 = $72.35 / 12 = $6.03 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with no Village Funds $151,150 – $115,489 = $35,661 / 750 = $47.55 / 12 = $3.97 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with no Village Funds $154,150 – $115,489 = $38,661 / 750 = $51.55 / 12 = $4.30 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds $140,684 – $115,489 = $25,196 / 750 = $33.60 / 12 = $2.80 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OPWC 30 Year 0% Loan with Village Funds $144,050 – $115,489 = $28,562 / 750 = $38.10 / 12 = $3.18 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds and 25% principle forgiveness $133,950 – $115,489 = $18,461 / 750 = $24.61 / 12 = $2.05 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds and 50% principle forgiveness $123,850 – $115,489 = $8,361 / 750 = $11.14 / 12 = $0.93 (Combined Loan Amount) –(Targeted Loan Level) = (Difference) / (Number of Customers) = (Annual rate Increase / (Months in Year) = Monthly Rate Increase OEPA 20 Year 0% Loan with Village Funds and 75% principle forgiveness
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Questions?
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Water Fund
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Water Revenue 2008 - $279,920.30
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Water Revenue 2008 - $279,920.30 2009 - $283,622.36
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Water Revenue 2008 - $279,920.30 2009 - $283,622.36 2010 - $278,530.51
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Water Revenue 2008 - $279,920.30 2009 - $283,622.36 2010 - $278,530.51 2011 - $278,000.00 (Estimated)
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Water Revenue Average Revenue for the past four Years $279,768
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Water Expenses 2008 - $311,598.98
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Water Expenses 2008 - $311,598.98 2009 - $321,211.50
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Water Expenses 2008 - $311,598.98 2009 - $321,211.50 2010 - $277,824.41
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Water Expenses 2008 - $311,598.98 2009 - $321,211.50 2010 - $277,824.41 2011 - $292,375.00 (Estimated)
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Water Expenses Average Expenses for the Past Four Years $300,752
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Water Fund Average Revenue Average Expenses $279,768.00 $300,752.00 Average Difference Per Year $20,984.00 Average Over Spent Per Year 7%
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Water Fund Average Revenue Average Expenses $279,768.00 $300,752.00 Average Difference Per Year $20,984.00 Average Over Spent Per Year 7% The fund will balance with no increase in rates as long as no capital projects are paid for from the fund.
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Loan Debt Current Loan Debt – 1.$42,179.44 Water Tower (pay off date July 2023)
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Loan Debt Current Loan Debt – 1.$42,179.44 Water Tower (pay off date July 2023) 2.$21,393.64 Well Field Project (pay off July 2016)
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Loan Debt Current Loan Debt – 1.$42,179.44 Water Tower (pay off date July 2023) 2.$21,393.64 Well Field Project (pay off July 2016) 3.$20,000.00 Miami Ave. Project (pay off date July 2027)
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Loan Debt Current Loan Debt – 1.$42,179.44 Water Tower (pay off date July 2023) 2.$21,393.64 Well Field Project (pay off July 2016) 3.$20,000.00 Miami Ave. Project (pay off date July 2027) Total Loan Debt in Water Fund = $83,573.08
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Loan Debt Current Loan Debt – 1.$42,179.44 Water Tower (pay off date July 2023) 2.$21,393.64 Well Field Project (pay off July 2016) 3.$20,000.00 Miami Ave. Project (pay off date July 2027) Total Loan Debt in Water Fund = $83,573.08 We have no available money for additional loan debt unless water rates increase.
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Water Projects Water Plant Improvement Project 1.Replace Softener tanks 2.Replace zelite in Softener tanks 3.Replace Multimedia tanks 4.Upgrade backwash system. Estimated Cost - $1,000,000 Grants – Proposed $500,000 (Apply for CDBG Sewer and Water) Loan Amount - $500,000 (will not get a % interest loan) Annual Loan Payment = Between $25,000 to $45,000
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Rate Increases $25,000 / 750 = $33.33 / 12 = $2.78 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month)
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Rate Increases $25,000 / 750 = $33.33 / 12 = $2.78 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $30,000 / 750 = $40.00 / 12 = $3.33 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month)
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Rate Increases $25,000 / 750 = $33.33 / 12 = $2.78 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $30,000 / 750 = $40.00 / 12 = $3.33 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $35,000 / 750 = $46.67 / 12 = $3.89 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month)
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Rate Increases $25,000 / 750 = $33.33 / 12 = $2.78 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $30,000 / 750 = $40.00 / 12 = $3.33 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $35,000 / 750 = $46.67 / 12 = $3.89 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $40,000 / 750 = $53.33 / 12 = $4.44 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month)
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Rate Increases $25,000 / 750 = $33.33 / 12 = $2.78 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $30,000 / 750 = $40.00 / 12 = $3.33 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $35,000 / 750 = $46.67 / 12 = $3.89 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $40,000 / 750 = $53.33 / 12 = $4.44 (Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month) $45,000 / 750 = $60.00 / 12 = $5.00 Loan Debt) / (number of customers) = (annual increase per customer) / (months in year) = (Increase per month)
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Questions?
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Refuse Fund
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Refuse Revenue 2008 - $134,177.50
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Refuse Revenue 2008 - $134,177.50 2009 - $136,756.22
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Refuse Revenue 2008 - $134,177.50 2009 - $136,756.22 2010 - $137,446.85
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Refuse Revenue 2008 - $134,177.50 2009 - $136,756.22 2010 - $137,446.85 2011 - $136,000.00 (Estimated)
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Refuse Revenue Average Revenue for the past four Years $136,095.14
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Refuse Expenses 2008 - $140,783.94
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Refuse Expenses 2008 - $140,783.94 2009 - $132,904.30
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Refuse Expenses 2008 - $140,783.94 2009 - $132,904.30 2010 - $141,902.60
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Refuse Expenses 2008 - $140,783.94 2009 - $132,904.30 2010 - $141,902.60 2011 - $145,000.00 (Estimated)
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Refuse Expenses Average Expenses for the Past Four Years $140,147.71
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Refuse Fund Average Revenue Average Expenses $136,095.14 $140,147.71 Average Difference Per Year $4,052.57 Average Over Spent Per Year 3% Fund can not continue without an increase in rates
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Increase to Balance Fund Total Revenue - $136,000 (Estimated 2011, based on $15x750x12) Rumpke Contract 2011 - $127,000 Bradford Administration Annual Fees - $31,670
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Increase to Balance Fund Total Revenue - $136,000 (Estimated 2011, based on $15x750x12) Rumpke Contract 2011 - $127,000 Bradford Administration Annual Fees - $31,670 Deficit Amount - $22,670
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Increase to Balance Fund Total Revenue - $136,000 (Estimated 2011, based on $15x750x12) Rumpke Contract 2011 - $127,000 Bradford Administration Annual Fees - $31,670 Deficit Amount - $22,670 $22,670 / 750 = $30.23 Annual Increase per Customer
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Increase to Balance Fund Total Revenue - $136,000 (Estimated 2011, based on $15x750x12) Rumpke Contract 2011 - $127,000 Bradford Administration Annual Fees - $31,670 Deficit Amount - $22,670 $22,670 / 750 = $30.23 Annual Increase per Customer $30.23 / 12 = $2.52 Monthly Increase per Customer
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Rumpke Contract Proposal Continue Current Solid Waste Collection Program Option 1 (Increase rates each year of contract) Year 1 – Rumpke rates = $15.46/unit – Contract amount = $139,140 – Contract Increased = $12,140 – Month. Increase = $1.35
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Rumpke Contract Proposal Continue Current Solid Waste Collection Program Option 1 (Increase rates each year of contract) Year 1 – Rumpke rates = $15.46/unit – Contract amount = $139,140 – Contract Increased = $12,140 – Month. Increase = $1.35 Year 2 – Rumpke rates = $16.23/unit – Contract amount = $146,070 – Contract Increased = $6,930 – Month. Increase = $0.77
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Rumpke Contract Proposal Continue Current Solid Waste Collection Program Option 1 (Increase rates each year of contract) Year 1 – Rumpke rates = $15.46/unit – Contract amount = $139,140 – Contract Increased = $12,140 – Month. Increase = $1.35 Year 2 – Rumpke rates = $16.23/unit – Contract amount = $146,070 – Contract Increased = $6,930 – Month. Increase = $0.77 Year 3 – Rumpke rates = $17.04/unit – Contract amount = $153,360 – Contract Increased = $7,290 – Month. Increase = $0.81
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Rumpke Contract Proposal Continue Current Solid Waste Collection Program Option 1 (Increase rates each year of contract) Year 1 – Rumpke rates = $15.46/unit – Contract amount = $139,140 – Contract Increased = $12,140 – Month. Increase = $1.35 Year 2 – Rumpke rates = $16.23/unit – Contract amount = $146,070 – Contract Increased = $6,930 – Month. Increase = $0.77 Year 3 – Rumpke rates = $17.04/unit – Contract amount = $153,360 – Contract Increased = $7,290 – Month. Increase = $0.81 Option 2 (Increase one time during contract, based on last year of contract amount) Rumpke Rate = $17.04 Contract amount = $153,360 Contract Increased= $26,360 Monthly Increase = $2.93
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Rumpke Contract Proposal Solid Waste and Curbside Recycling Collection Option 1 (Increase rates each year of contract) Year 1 – Rumpke rates = $15.04 unit – Contract amount = $135,360 – Contract Increased = $8360 – Month. Increase = $0.93
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Rumpke Contract Proposal Solid Waste and Curbside Recycling Collection Option 1 (Increase rates each year of contract) Year 1 – Rumpke rates = $15.04 unit – Contract amount = $135,360 – Contract Increased = $8360 – Month. Increase = $0.93 Year 2 – Rumpke rates = $15.79/unit – Contract amount = $142,110 – Contract Increased = $6,750 – Month. Increase = $0.75
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Rumpke Contract Proposal Solid Waste and Curbside Recycling Collection Option 1 (Increase rates each year of contract) Year 1 – Rumpke rates = $15.04 unit – Contract amount = $135,360 – Contract Increased = $8360 – Month. Increase = $0.93 Year 2 – Rumpke rates = $15.79/unit – Contract amount = $142,110 – Contract Increased = $6,750 – Month. Increase = $0.75 Year 3 – Rumpke rates = $16.57/unit – Contract amount = $149,130 – Contract Increased = $7,020 – Month. Increase = $0.78
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Rumpke Contract Proposal Solid Waste and Curbside Recycling Collection Option 1 (Increase rates each year of contract) Year 1 – Rumpke rates = $15.04 unit – Contract amount = $135,360 – Contract Increased = $8360 – Month. Increase = $0.93 Year 2 – Rumpke rates = $15.79/unit – Contract amount = $142,110 – Contract Increased = $6,750 – Month. Increase = $0.75 Year 3 – Rumpke rates = $16.57/unit – Contract amount = $149,130 – Contract Increased = $7,020 – Month. Increase = $0.78 Option 2 (Increase one time during contract, based on last year of contract amount) Rumpke Rate = $16.57 Contract amount = $149,130 Contract Increased= $22,130 Monthly Increase = $2.46
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