AgdaPkt 2002-07-01 - Laserfiche WebLink

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IREPORT To the Honorable Mayor and City Cou From the City ManagerI July 1, 2002 Subject Change of fiscal year of the South Bayside Waste Management Authority. Recommendation It is recommended that the City Council adopt a resolution amending the fiscal year of the South Bayside Waste Management Authority. Background The South Bayside Waste Management Authority (SBVVMA) is a joint powers authority consisting of 11 public agencies which comprise the contiguous refuse collection service area from Burlingame to East Palo Alto. The SBWMA 1) acts as a collective bargaining agent on behalf of member jurisdictions with Browning Ferris Industries Waste Systems of North America (BFI), and 2) owns and leases the transfer station in San Carlos to BFI of San Mateo County. When the joint powers agreement was approved by jurisdictions in December 1999, it defined the "Fiscal Year" as "the pedod commencing on each October 1 and ending on the following September 30." The SBWMA Board of Directors discussed this item at their April 25, 2002 meeting and recommended that jurisdictions amend the joint powers agreement to reflect a fiscal year as "the period commencing on each July 1 and ending on the following June 30" for the following reasons: ~ · The SBWMA and the City of San Carlos share finance staff services. Having the SBWMA's fiscal year coincide with the City of San Carlos fiscal year will be more efficient. · The SBWMA will save money in auditing services because the auditors can make an on-site visit for both the City of San Carlos and the SBWMA at the same time. · The documents prepared in connection with the financing of SBWMA's acquisition of the transfer station states that the SBWMA's fiscal year is July 1 to June 30. Making this change to the joint powers agreement will place the SBWMA in conformance with the financial documents. Amending the joint powers agreement requires an affirmative vote of two-thirds of the member agencies. SBWMA staff would like to implement the fiscal year change for fiscal year 2002/2003.