Laserfiche WebLink
<br />The analysis concluded that a one-time larger increase of 120.50% in FY 2025 and inflationary-like <br />increases of 3.50% each year thereafter will be sufficient for the City to meet its financial <br />requirements throughout the projection period. The recommended 5-year plan of revenue <br />adjustments is shown in the table below: <br />This financial management plan will provide sufficient revenues for the City to maintain adequate <br />working capital in each year of the projection period, while retaining the ability to fund planned and <br />anticipated future capital spending with no borrowing. <br />COST OF SERVICE ANALYSIS <br />DESCRIPTION <br />In order to calculate the cost to provide various sanitation services, the City’s operating and capital <br />budgets must be allocated accordingly. The City’s costs were allocated to 5 cost center pools: <br />• <br />• <br />• <br />Right-of-Way (ROW) Clearing – Cleaning of sidewalks and alleys of debris, trash and weed <br />removal and abatement <br />Illegal Dumping – Clearing rubbish and bulky items from streets and sidewalks disposed of in <br />unauthorized locations <br />Sanitation Code Compliance – Enforcing compliance with all of the Sanitation rules and <br />regulations adopted by the Council <br />• <br />• <br />Street Sweeping – Roadway cleaning to remove trash and other debris from the streets <br />Emergency Services – Provide sanitation services in an emergency situation <br />SOURCE DATA <br />The following presents the key financial data relied upon in conducting the COSA: <br />FY 2025 Projected Operating Expenses <br />The COSA uses the FY 2025 projected expenses from the RSA as the basis for the costs to be <br />apportioned between the cost center pools. The operating expenditures include all O&M expenses <br />(including personal services, fixed and variable O&M costs, transfers, and minor capital outlay) <br />related to the provision of sanitation service to the City’s served residents and businesses. <br />Capital Improvement Program <br />The COSA includes the City’s cash funded capital costs from its capital improvement program (CIP) <br />for FY 2024 – FY 2034 as provided by City staff and used in the RSA. Notably, the CIP encompasses <br />11