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Solid Waste Disposal District (SWDD) • <br />NOTE: The Solid Waste Disposal District and Enterprise budgets are presented in accordance with Generally <br />Accepted Accounting Principles (GAAP). As a result, depreciation is included as a budgeted expense, while capital <br />outlay and debt service principal payments are excluded. <br />The total proposed SWDD budget is $16,237,578, which is an increase of $402,676 or 2.5% (page 43). <br />Proposed residential assessment rates are increasing by $4.05 or 3.5% to $120.90 per Equivalent <br />Residential Unit. Commercial rates are increasing by $1.50 or 3.7% to $42.00 per Waste Generation Unit <br />(W.G.U). The proposed readiness -to -use fee is $24.69 per W.G.U, an increase of $0.09 from last fiscal <br />year. <br />Inflationary adjustments in landfill operation contracts, recycling collection contracts, and potentially yard <br />waste processing contracts are all contributing to the slight increase in proposed assessment rates. In <br />addition, staff proposes an allocation of $500,000 for the second consecutive year in a sinking fund for <br />future landfill expansion to meet the long-term waste disposal needs in Indian River County. The FY <br />2019/20 budget also includes the addition of one (1) full-time Assistant Managing Director at a cost of <br />$100,631. This position is necessary to help in coordinating the numerous complex issues facing SWDD <br />including recycling contamination, several RFP's for service, contract management, increasing regulatory <br />compliance, and facility improvements. <br />• <br />14 <br />