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Shoreway Recycling and Disposal Center
<br />SBWMA
<br />Fiscal Year New Contract: 1/1/2011
<br />Shoreway Recycling and Disposal Center Cash Flow Analysis
<br />FY 07/08FY 08/09FY 09/10FY 10/11FY 11/12
<br />20082009201020112012
<br />Revenue
<br />Transfer Station Revenue, w/volume only change$ 24,400,309 $ 24,705,206 $ 26,222,605 $ 28,446,457 $ 30,970,795
<br />Mid Yr Revised Budget
<br />New Revenues from Tip Fee Increase$ 981,994 $ 2,036,889 $ 2,842,196 $ 3,403,057 $ 3,427,774
<br />Total Tip Fee Revenue$ 25,382,303 $ 26,742,095 $ 29,064,801 $ 31,849,513 $ 34,398,569
<br />Investment Income$ 985,164 $ 1,187,394 $ 1, 290,996 $ 543,935 $ 491,307
<br />Recyclable Commodities Revenue, Net$ 12,800,000 $ 11,950,000 $ 11,750,000 $ 13,250,050 $ 14,500,050
<br />Mid Yr Revised Budget
<br />NET REVENUES$ 39,167,468 $ 39,879,489 $ 42,105,796 $ 45,643,498 $ 49,389,926
<br />1.8%5.6%8.4%8.2%
<br />Expenses$ 29,600,000
<br />Operating Costs (including Operator Profit)$ 14,536,842 $ 16,657,271 $ 17,254,379 $ 17,242,070 $ 16,694,285
<br />ADJ. Mid yr revised bud
<br />Less: Cost Net Changes during Construction$ 298,696 $ (3,607,400)$ (1,950,000)
<br />Less: Cost Savings from Reduced Traffic Staff$ (146,284)$ (203,395)$ (105,766)
<br />Add: Interim off-site recyclables processing$ 3,900,000 $ 1,950,000
<br />Disposal$ 15,063,158 $ 15,037,921 $ 15,043,508 $ 15,597,750 $ 15,803,169
<br />ADJ. Mid yr revised bud
<br />Franchise Fee @ 4.76% of TS Revenue$ 1,208,681 $ 1,273,433 $ 1,384,038 $ 1,516,644 $ 1,638,027
<br />Current SBWMA Budget$ 2,882,800 $ 3,241,500 $ 4,000,000 $ 4,500,000 $ 3,750,000
<br />Mid Yr Revised Budget
<br />Property Taxes, Insurance$ 30,780 $ 151,000 $ 190,640 $ 195,466 $ 203,284
<br />Mid Yr Revised Budget
<br />Current Debt Service -Interest, bi-annually$ 840,724 $ 333,333
<br />Current Debt Service -Principal, annually$ 840,000
<br />Interest Only on Two Year Note$ 268,923 $ 537,845 $ 268,923
<br />Capitalized Interest$ (300,000)$ (1,946,250)$ (1,573,750)
<br />Additional Debt Service on New Bond$ 1,423,125 $ 2,846,250 $ 4,334,825 $ 5,823,400
<br />Total Expense & Debt Service$ 35,402,985 $ 38,238,918 $ 39,399,616 $ 41,976,162 $ 43,912,166
<br />8%3%6.5%4.6%
<br />Surplus/(Shortfall)$ 3,764,483 $ 1,640,570 $ 2,706,181 $ 3,667,336 $ 5,477,760
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