HomeMy WebLinkAboutAgenda Report - July 5, 1984 (139)J
CITY COUNCIL MEETING
JULY,W.
1984
SANITtw CITY City Clerk presented a letter which had been received from
RR4JESl1E S 9.7% Sanitary City Disposal, Inc.. requesting a 9.7% rate
RATE INCIti4%SE increase in refuse collection fees. Follmving a brief
IN RMSE discussion. the Mayor directed that the Staff review the
COLUCTIM FEES request and directed the City Clerk to place this matter on
the August 1. 1984 Council Agenda.
Co . R EIVED
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June 26, 1984
Mr. Jerry Glenn
Assistant City Manager
City of Lodi
Post Office Box 320
Lodi, California 95241
Dear Mr. Glenn:
Attached please find our rate review as of March 31,
1984.
Please call me when you have an opportunity to look
it over, so we may discuss it.
Sincerely yougs,
uavi d xaccarez
General Manage
DV/nc
1333 East Turner Rood / Post Office Box 319 / Lodi, Calif ornio 95241 / (209) 369.827,4
IV it
LODI SANITARY CITY DISPOSAL CO., INC.
RATE ADJUSTMENT
FOR THE YEAR ENDING MARCH, 31, 1985
COMPUTATION OF ALLOWABLE PROFIT
Total operating expenses (per forecast)
$1,701,981
Less: City franchise
(240,583)
City service
(41,567)
BASIS FOR PROFIT
S1 ,419,831
ALLOWABLE PROFIT AT 6%
$ 85,190
COMPUTATION OF ADDITIONAL REVENUES REQUIRED
Total operating expenses
$1,701,981
Add profit at 6%
85,190
Less: franchise fees
(240 58
1,546,588
Amount representing franchise fees272
927
—f.$191
Revenues should be approximately
Less: projected revenues
1,658,367_
ADDITIONAL REVENUES REQUIRED
$ 1.61,148
PERCENTAGE OF INCREASE
9.7%