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).