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Backgrou r~d: CITY OF RAMSEY 1992 TIPPING FEE REVENUE By: Sandra Ashley Helling, Finance Officer CASE #3 As of De~eniber 31, 1991 Council authorized the transfer of the Landfill Tipping F~e ~und balance available for any general purpose in the amount of $557,899' t~) b~ transferred to the Equipment Revolving (Replacement) Fund. The remaining filching Fee Fund balance of $416,144 is restricted for expenditures to mitigate th,b impact of the landfill. Since that itimb the City has received Tipping Fee payments for January through April land ill ~ctivity; these payments total $94,932 with $70,794 available for any ge ~erar'l purpose. Observati'onS: The Landfil Tipping Fee Fund balance as of April 30, 1992 which is restricted to mitigation i~ $439,742. The charges to this fund during 1991 for mitigation activities !wer~e · Cty-~ide Recycling Program $1 4,639 General iKAB Activities 455 1991i Environmental EXPO 2,101 19911 Cl~an-up Day 6.542 !.T0~ral 1991 Mitigation Programs $23,737 With the .current fund balance, assuming interest earnings at the rate of inflation o~' Cost increases, the restricted balance will fund similar mitigation programs ~°r t~e next 18+ years. As the Ti~pin~l Fee will continue through the life of the landfill (approximately 1-1/2 more~ yetars), the restricted fund balance will continue to grow. As an asi'.Ce, iduring 1991 the recycling program served an average of 3,725 households[ m~nthly. The cost shown above is net of the County funding for landfill ab~ter~ent, and this net resulted in an average annual cost per household i~of [$3.93. Without the County funding, the cost would have been $49,977, oi $i~3.42 per household. As the Ecuip~nent Revolving Fund (machinery and equipment, furniture and vehicles) ontinues to be underfunded ($195,924 as of December 31, 1991), dedication Df ti992 Tipping Fee revenue available for any general purpose to the Equipment Fun',d would reduce the underfunding status. Depending upon the 1992 revenue, it is ipossible that this dedication could place this fund at the 100% funding level goal.