AGENDA REQUEST
GENERAL DISCUSSION ITEM
Subject:
title
Discussion concerning appropriation of Transfer Station and other recycling revenues to a reserve fund for Transfer Station capital needs.
end
Background:
All Transfer Station fees and other recycling revenues are appropriated to the undesignated capital fund. As conditions warrant, due to lifecycle needs or necessary improvements for function or compliance, substantial cumulative expenditures have been and will continue to be necessary at the Transfer Station. We expect significant improvements for the bulky waste collection area, among perhaps other areas, in the near future.
Department Comment/Recommendation:
Consideration should be given to allocating a fixed percentage of Transfer Station/recycling revenues to established fund 21040113-56315 (Transfer Station) for periodic needs.
Meeting Action Details:
Finance Cmt Meeting 10/5/2022
File #:
22449 Version: 1
Type:
Discussion Item
Title:
Discussion concerning appropriation of Transfer Station and other recycling revenues to a reserve fund for Transfer Station capital needs.
.
Action:
Remove From Agenda
Meeting Notes:
Public Works Director/Town Engineer Steve Masalin stated based on his September 21, 2022 conversation with Finance Committee to set aside some of the revenue generated from the Transfer Station Fees and Recycling into a separate account to be used for Transfer Station capital needs that he has begun to research several components of his proposal which included the amount of revenue generated by these two sources annually and the portion of those revenues that he has requested to spend for Public Works initiatives such as Transfer Station Improvements for lifecycle and compliance requirements.
Mr. Masalin stated he in looking at all of the revenues the town received with Finance Director Matthew Bonin that go into the Undesignated Account that they come from a variety of sources which included the revenue generated...
Click here for full text