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L.~ndfill Expendable Trust Fund: ~'~l~is fund is used to account for certain landfill related revenues, expenditures the City may i~c~.~' in relation to the landfill and any other expenditures for improvements providing a benefit to the entire City." The Finance Office has reviewed prior year ledgers and detailed the revenues/expenditures and :Y~v~d balance for the years of 1981 through year-to-date 1991. A summary report is attached. The Fund balance as of September 20, 1991 is: Landfill Expendable Trust Fund Balance $2,273,939 ** ** It should be noted the City has designated a portion of this fund balance for the following: Fire Department 1991 Capital Budget Closure/Post Closure litigation 1991 Budget Contingency - Litigation $67,000 5,000 $100.000 Total Funds Designated $172,000 The funds designated will reduce the available fund balance. The 1991 Fire Department Capital Budget allocation of $67,000 from the Landfill Trust Fund does bring the total funds for start-up to $500,000 - the amount previously adopted by the former council for the total Fire Department start-up cost. The 1991 Budget Contingency for litigation was an estimate, and at this point, approximately $30,000 has been expended against this contingency for the adult bookstore. Some of these costs were incurred in 1990, but invoiced in 1991 and the City will incur a charge from our insurance carrier for 15% of litigation expenses paid by them. We will have a pretty firm estimate of the liability for 1991 by November 15. It is anticipated $50,000 of this set aside will not be required from the Landfill Trust Fund. Observations: From time to time discussions as to the wisdom of maintaining these highly visible and non- dedicated fund balances have been held. The city does have specific current and future funding needs - some of which are: Internal Service Fund for Insurance Internal Service Fund for Equipment Replacement (Fund Balance $278,943) Internal Service Fund for Fire Dept. Equipment Replacement (Fund Balance $20,621) Internal Service Fund for Street Lights Internal Service Fund for Street/Roadway Improvements Public Works Building (Fund Balance $105,293) Building Replacement Fund (Generally) Park Improvement Fund (Fund Balance $135,439) EDA Seed Money Land Purchase for EDA Sewer/Water Extensions Bridge Improvement Fund City Entrance Signage Landfill Closure/Post Closure Recycling/Solid Waste Program ~ (dmi~nistrator/Fir~anffe--Director Vacation Fund~ ~ SccffS-~Money for Storm Sewe~-'PlShTFund/wat~i~shed Improvements