The surplus difference between revenues and expenses is distributed between capital and operating reserves for each of the three main funds per Board policy.
For more information, see Agenda Item 5A.
APPROVED A PROPOSAL FOR A SOLID WASTE FINANCIAL PLAN
AND 5-YR RATE STUDY
TCSD approved an agreement with R3 Consulting Group to develop a solid waste enterprise financial plan and to conduct a five-year rate study. Specifically, R3 will:
- Update the current Financial Plan and develop budgetary projections for the next 10 years
- Conduct a Five-Year Rate Study for fiscal years (FY) 2023/24, FY24/25, FY25/26, FY26/27, and FY 27/28
- Ensure the Study complies with the legal requirements of Prop 218
In 2018, R3 prepared TCSD’s current financial plan and 5-year rate study. The current five years of solid waste rates were adopted by TCSD through the Prop 218 process.
For more information, see Agenda Item 5B.
ADOPTED CPI INCREASES FOR FACILITY RENTAL FEES
TCSD adopted a master fee schedule which included a 5% Consumer Price Index (CPI) increase in facility rental fees. Rental fees are typically increased annually by the percentage increase in the San Francisco-Oakland-San Jose Consumer Price Index (CPI) from February to February. Between Feb. 2021-Feb 2022 the CPI was 5.2% (we rounded down to 5%). In 2021, the fees were increased by 1.6% (CPI) in 2021. TCSD did not increase the rental rates in 2019 or 2020 due to COVID-19.
The Board also adopted new rental rates for non-profits based outside of Tam Valley, established a full-day rate for the Community Center and Cabin, and created rates for a new category of users (e.g., non-residents) for the parks.