FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 Total Revenues $ 22,719,015 $ 23,581,061 $ 24,554,130 $ 25,622,159 $ 26,744,881 10% Franchise Fee $ 423,300 $ 469,068 $ 506,593 $ 547,120 $ 579,948 $ 2,526,029 Expenditures $ 21,039,838 $ 21,691,573 $ 22,536,432 $ 23,279,889 $ 24,170,535 Net $ 2,102,477 $ 2,358,556 $ 2,524,291 $ 2,889,390 $ 3,154,294 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29
Revenues $ 22,719,015 $ 23,581,061 $ 24,554,130 $ 25,622,159 $ 26,744,881 5% Franchise Fee $ 230,191 $ 244,002 $ 258,642 $ 274,161 $ 285,127 $ 1,292,123 Expenditures $ 21,039,838 $ 21,691,573 $ 22,536,432 $ 23,279,889 $ 24,170,535 Net $ 1,909,368 $ 2,133,490 $ 2,276,340 $ 2,616,431 $ 2,859,473 *** Net Revenues Are Directed to CIP Projects and Toward the Required Town Reserve ***
PROJECTED
Unallocated GF Balance $ 9,426,199 $ 13,188,335 $ 17,024,560 $ 21,220,207 $ 25,608,157 w/50% reduction $ 9,233,090 $ 12,963,269 $ 16,776,609 $ 20,947,248 $ 25,313,336 FY 2024/25 Projections - No Franchise Fee Adjustment
General Fund Only (Excludes ERAF and CIP)
General Fund Only (Excludes ERAF and CIP)
FY 2024/25 Projections - Franchise Fee Adjusted to 5%
Year
Contractual
Increase
Authorized
Increase
Base
Compensation Rate Revenue
Total Revenue
Required
Less Franchise
Fee
Less AB939
Fee
Less Street
Sweeping NET RSF
2024 11% 11.0% $ 3,781,814 $ 4,258,057 $ 4,250,269 $ (425,806) $ (15,713) $ (26,936) $ 7,787 $537,000 2025 11% 8.0% $ 4,197,814 $ 4,690,675 $ 4,709,531 $ (469,068) $ (15,713) $ (26,936) $ (18,856) $518,144 2026 11% 8.0% $ 4,659,574 $ 5,065,929 $ 5,208,816 $ (506,593) $ (15,713) $ (26,936) $ (142,886) $375,258 2027 8% 8.0% $ 5,032,339 $ 5,471,204 $ 5,622,109 $ (547,120) $ (15,713) $ (26,936) $ (150,905) $224,353 2028 6% 6.0% $ 5,334,280 $ 5,799,476 $ 5,956,877 $ (579,948) $ (15,713) $ (26,936) $ (157,401) $66,952 2029 3% 5.0% $ 5,494,308 $ 6,089,450 $ 6,145,902 $ (608,945) $ (15,713) $ (26,936) $ (56,453) $10,499 2030 3% 4.0% $ 5,659,137 $ 6,333,028 $ 6,335,089 $ (633,303) $ (15,713) $ (26,936) $ (2,062) $8,437 2031 3% 3.0% $ 5,828,912 $ 6,523,018 $ 6,523,863 $ (652,302) $ (15,713) $ (26,936) $ (844) $7,593 * Franchise Fee = 10% of Rate Revenue
** Total Required Revenue is Contractually Required Increase times prior year base compensation. *** Increases beyond the contractual base increase will require a Proposition 218 Rate Setting Process.
To Use The Table
Adjust the Authorized Increase (increase approved by the Town) to impact the Net. A Negative Net must be made up by the Town. The NET will either increase (positive #) or decrease (negative #) the Rate Stabilization Fund (RSF). The Table uses a 2024 Monthly Base Compensation as a starting point. There are other adds/substracts each month (new cans/dropped cans/etc.) that are not included. This is an EXAMPLE only as a way to see impacts.
Sample Rate Adjustment Table - No Franchise Fee Reduction Year
Contractual
Increase
Authorized
Increase
Base
Compensation Rate Revenue
Total Revenue
Required
Less Franchise
Fee
Less AB939
Fee
Less Street
Sweeping NET RSF
2024 11% 11.0% $ 3,781,814 $ 4,258,057 $ 4,250,269 $ (425,806) $ (15,713) $ (26,936) $ 7,787 $537,000 2025 11% 6.0% $ 4,197,814 $ 4,603,811 $ 4,470,654 $ (230,191) $ (15,713) $ (26,936) $ 133,157 $670,157 2026 11% 6.0% $ 4,659,574 $ 4,880,040 $ 4,946,225 $ (244,002) $ (15,713) $ (26,936) $ (66,185) $603,972 2027 8% 6.0% $ 5,032,339 $ 5,172,842 $ 5,333,631 $ (258,642) $ (15,713) $ (26,936) $ (160,789) $443,183 2028 6% 6.0% $ 5,334,280 $ 5,483,212 $ 5,651,090 $ (274,161) $ (15,713) $ (26,936) $ (167,877) $275,306 2029 3% 4.0% $ 5,494,308 $ 5,702,541 $ 5,822,085 $ (285,127) $ (15,713) $ (26,936) $ (119,544) $155,762 2030 3% 4.0% $ 5,659,137 $ 5,930,643 $ 5,998,319 $ (296,532) $ (15,713) $ (26,936) $ (67,676) $88,086 2031 3% 3.0% $ 5,828,912 $ 6,108,562 $ 6,176,989 $ (305,428) $ (15,713) $ (26,936) $ (68,427) $19,659 * Franchise Fee = 10% of Rate Revenue
** Total Required Revenue is Contractually Required Increase times prior year base compensation. *** Increases beyond the contractual base increase will require a Proposition 218 Rate Setting Process.
To Use The Table
Adjust the Authorized Increase (increase approved by the Town) to impact the Net. A Negative Net must be made up by the Town. The NET will either increase (positive #) or decrease (negative #) the Rate Stabilization Fund (RSF). The Table uses a 2024 Monthly Base Compensation as a starting point. There are other adds/substracts each month (new cans/dropped cans/etc.) that are not included. This is an EXAMPLE only as a way to see impacts.
Sample Rate Adjustment Table - Franchise Fee Reduced to 5%