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File #: 18-4819    Version: 1 Name: Budget Amendment-Transfer Between Solid Waste Funds
Type: Consent Status: Consent
File created: 6/26/2018 In control: LUESA
On agenda: 7/10/2018 Final action:
Title: : Mecklenburg County Solid Waste Fund Transfer
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title:

Mecklenburg County Solid Waste Fund Transfer

 

Summary

ACTION:

Authorize the transfer of $450,000 from the Solid Waste Enterprise Fund to the Scrap Tire Special Revenue fund in FY18

 

Staff Contact:                      Jeffrey M. Smithberger, Director, Solid Waste, LUESA

 

 

Presentation:                     No                     

 

 

BACKGROUND/JUSTIFICATION:

Due to higher expenses for tire recycling incurred in FY2018, the LUESA Solid Waste Management Program is experiencing a shortfall in the Scrap Tire Disposal Special Revenue Fund.  To cover the shortfall, Solid Waste is requesting to make a transfer from the 7001 Solid Waste Enterprise Fund to 8512 Scrap Tire Disposal Special Revenue Fund.  The amount of the transfer will be $450,000, which will cover the shortfall amount.

 

LUESA uses an external tire recycling firm, US Tire to process the tires, and approximately 80% of the tire expenses are expected to be reimbursed by the State Tire Recycling Fund.

 

 

PROCUREMENT BACKGROUND:                     

N/A

 

POLICY IMPACT:                     

N/A

 

FISCAL IMPACT:                     

Funds exist within the Solid Waste Enterprise Fund (7001) for the $450,000 transfer to the Scrap Tire Special Revenue Fund (8512).