Fund 772 - Trust Fund
Account: 2463 C&D Waste Deposit (400)
Purpose of Account: Deposits for diversion of Construction and Demolition waste. If project met 65% diversion Account History:
requirement, entire deposit is refunded. If contractor diverts less than the required amount, the refund will equal the actual diversion amount. If contractor fails to submit required documentation within 730 days from the date the deposit is made the entire deposit is forfeited to the City.
Previous transfer out took place 6/30/2016 in the amount of $470,468.52 FY 2009-10
FY 2010-11
FY 2011-12
FY 2012-13
FY 2013-14
FY 2014-15
FY 2015-16
FY 2015-16
FY 2016-17
FY 2017-18
FY 2018-19
FY 2019-20
FY 2020-21
FY 2020-21
Analysis:
Finance action:
GL balance 6/30/2016
Net deposits up to 6/1/2021
GL balance 6/1/2021
GL Balance 6/30/2016
Revenues Expenses/Charges Change during Year-End
(Credit) (Debit) year Balance
(36,207.67) 70.00 (36,137.67) (36,137.67)
(133,304.24) 43,467.88 (89,836.36) (125,974.03)
(183,015.63) 17,355.61 (165,660.02) (291,634.05)
(127,322.39) 27,489.29 (99,833.10) (391,467.15)
(251,694.45) 15,994.15 (235,700.30) (627,167.45)
(190,802.91) 23,060.89 (167,742.02) {794,909.47)
470,468.52 (324,440.95)
-
(264,642.79) 26,349.48 (238,293.31) (562,734.26)
(272,719.62) 45,933.69 (226,785.93) {789,520.19)
(252,195.39) 25,437.86 (226,757.53) (1,016,277.72)
(397,110.47) 85,973.42 (311,137.05) (1,327,414.77)
(295,781.88) 44,402.44 (251,379.44) (1,578,794.21)+ - *as of 6/1/21 * 729,283.46 (849,510.75)
After review $729,283.46 is available to reclassify as recycling revenue for Integrated Waste Management Division {IWM) from Fund 772*2463. $324,440.95 is from balance of 6/30/16 (previous transfer) and $404,842.51 is the net from deposits forfeited to the City between 7/1/16 to 6/30/18 and is now eligible to be realized as recycling revenues for IWM. The remaining $849,510.75 in fund balance is for "live projects" so that deposits related to them must be left untouched.
To reclassify $729,283.46 in deposit balances to relevant account as revenue (527 Fund). $849,510.75 will be the fund balance in the trust account. $ 324,440.95
$ 1,254,353.26
$ 1,578,794.21
$ 324,440.95
Eligible deposits 7/1/16 - 6/30/18
JE - for reclassification
$
$
404,842.51
729,283.46
GL balance 6/1/2021
JE - for reclassification
Fund Balance in account
$ 1,578,794.21
$ 729,283.46
$ 849,510.75
(Move from deposits to IWM recycling revenue)