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HomeMy WebLinkAboutAgenda Report - July 6, 1983 (46)AL LODI SANITARY CITY DISPOSAL CO., INC. FORECASTED STATEMENT OF INCOME Twelve Months Ending March 31,1984 Actual Year Ended Forecasted 3/31/82 Adjustments FYE 3/31/84 OTHER EXPENSES: Advertising $ 2,228 $ 11 (5) $ 2,239 Auto Expense 7,165 35 (5) 7,200 Accounting and Legal 20,144 101 (5) 20,245 Amortization 119 - 119 6ussiness Promo. 19,150 96 (5) 19,246 City Franchise Fee 223,629 - 223,629 N-preciation 3,774 1,641 (9) 5,415 Dues and Subscriptions 2,724 14 (5) 2,738 Transfer station fees 260,171 (7,598)(10) 252,573 Equipment Leases 8,324 42 (5) 8,366 Employee Group Insurance 7,340 (4,068)(3) 3,272 Interest 89,289 (25,560)(11) 63,729 Office Supplies and Expense 17,980 90 (5) 18,070 Officers Life Insurance 31,476 (31,47 6)(12) - Payroll Taxes 7,154 (1,032)(4) 6,122" Salaries - Office 56,162 2,920 (2) 59,082 Salaries - Officers 50,729 895 (11) 51,624 Taxes and Licenses 4,104 21 (5) 4,125 Telephone 3,844 19 5) :,863 Utilities 13,628 68 (5) 13,696 Workers Compensation Insurance 3,981 (3,666)(6) 315 Sub Contract Hauling 38,014 190 (5) 38,204 TOTAL $ 871 �$67�,257) $ 803,872 See Accompanying Summary of Significant Forecast Assumptions and Summary of Significant Accounting Policies. TO THE CITY COUNCK FROM THE CITY MANAGER'S OFFICE COUNCIL C011' MUNICAT"N For Rate Increase DATE JUNE 30, 1983 On Tuesday afternoon, June 21, 1983, I received a request ':rom Sanitary City Disposal Company, Inc. to increase all residential and.commercial rates by 12.0%. I met with Mr. David Vaccarezza and his accountant, Marshall Peters, to review his request. His request is based upon an agreed-upon formula which basically allows Sanitary City to recapture their projected costs, plus 6%. Their proposal includes new pieces of equipment and additional staff. I have not had sufficient time to carefully analyze these management decisions. According to Mr. Vaccarezza, there will be a payoff on these investments in lower potential costs in the future. Their operating budget is 8.7% greater than last year's. To this must be added $12,539 for fuel adjustment charges. However, based upon the projections made by Mr. Vaccarezza, including the additional staff and equipment, a 10.0% rate adjustment is appropriate. Council should understand there was insufficient time to make an in depth study of the operations including the appropriateness of the amount of equ.Lptaent, charges for transfer station, inter -company charges and the like. ments Q;�" I- ljkY''""- Y L. GLENN Assistant City Manager mil .�0 ORDINANCE NO. AN ORDINANCE AMENDING SECTION 11-3 OF THE CITY CODE OF THE CITY OF LODI, EN`rITLED "COLLECTION RATES FOR GARBAGE SERVICES". The City Council of the City of Lodi does ordain as follows: E Section 1.. Section 11-3 of the City Code of the City of Lodi is hereby repealed and re-enacted to read in full as follows: Section 11-3. Collection Rates.. The monthly rates to be charged for garbage collection service shall be as follows: A. For any private dwelling house or residence, the rate for one weekly garbage collection shall be: (1) For the first container of thirty gallons or less and not to exceed sixty pounds, Four Dollars and Forty Five Cents ($4.45) f (2) For each additional container of thirty gallons or less and not to exceed sixty pounds, Two Dollars and Fifteen Cents ($2.15) B. Owners of flats, apartments or the tenants or lessees thereof shall pay an amount equal to Four Dollars and Forte Five Cents ($4.45) times the, number of apartment units owned or occupied. t C. For owners or tenants of business houses, the monthly rates shall be: f 4- -1- (I) Class A Commercial Collection service which exceeds the capacity of one 6 cubic yard container: 16 yds. to 40 yds. $3.50 per yard Compacted Loads: Rate $5.90 per yard (3I) Class B Commercial Collection service when requires either daily or weekly and the waste can be accommodated by a one to 6 cubic yard container service, the monthly rates shall be: WEEKLY SERVICE NO, OF YDS. CONTAINERS 1 2 3 4 5 6 1 $39.84 $60.73 $ 61.59 $104.34 $125.60 $146.82 1 2 51.25 83.50 115.75 150.70 183.53 216.41 3 62.62 106.26 149.93 197.08 241.51 285.96 1 51.25 83.50 115.75 150.70 183.59 216.41 2 2 3 74.02 96.78 129.04 174.58 184.07 252.37 243.43 336.19 299.48 415.41 355.51 494.61 1 62.62 106.26 149.93 197.08 241.51 285.96 3 2 96.78 174.58 252.37 336.19 415.41 414.61 3 130.94 242.92 354.87 475.28 589.30 703.30 -2- 1 113.47 204.69 295.90 394.17 487.13 579.90 6 2 193.56 364.88 536.18 720.36 894.80 1069.24 3 273.66 525.08 776.48 1046.58 1302.55 1558.55 III. Class C Commercial Collection service when required either daily or weekly and the waste can be accommodated by one to six - thirty gallon cans not exceeding sixty pounds per can. The monthly rates shall be: -3- -4- Ll LODI SANITARY CITY L'ISPO:.A!. (;0.-, IMC. FO:t `,'!!t- YEA1; EHD_ING '.,A" -'C.1 31, 1983 COMPUTATION OF A1,L0`.A!,!.TH f i-t0i'Ii' Total Operat:inz, -, xpenses (Per i'orecaz;ted Statement of Income) Less: City Franchioe City "ervice Basis For Profit ALLOWABLE P!tOF_T _' C, c" ^AMPUTATION OF r%D0I':'IC::AL :iL;V!;.:t;!:" „UZ:tE�J Total Operating Expenses Add: Profit 0 6;', Shop Personricl (;20,000 -Salary x 60i. LSCD, ) Fuel Adjust-' lent Less: Franchise Fes - Lazt Year Amount Representinf; :Yranchise Fees Income Should Be Approximately Less: Projected incor e Before trate Adjustment (Per Forecasted 'Statement of Income) (Note 1) ADDITIONAL !?LVE:JUES NEW RATES 1st Can 2nd Can MICENTAGE OP Uy C0!:!4_iJCIAL ACCOUINITS $1,551,970 (223,629) ( 36,204) '112290.137 77,408 $1,551,970 77,408 12,000 12,539 (223,629) 1,430,266 252,4011 1,68 6T2 1,529,361 153,331 $ 4.45 $ 2.15 PROOF OF ALL[)'r:ABLE f.tUi'1T O: YEAP' M;A2Cif 31, 1984 10 0 Income Should .,e ; proxi:nately $1,682,692 Less: Total OperatinC *'Experises, Less This Year's franchise 10ees ($1,551,970-223,629) (1,328,341) Franchise Fees - Next Year (Projected) (252,404) Fuel Adjustment (12,539) Shop Personnel (12,000) ALLOWABLE PROFIT - FOR YEA!i :'',!+DING !;Ai:Cif 31, 1964 $ ?7,408 100.0 79.0% 15.0% .7 .7% 4.6% `IDI SANITARY CITY DISPOSAL CO., 4C. FORECASTED STATEMENT OF INCOME �w Twelve Months Ending March 31, 1984 !TOTAL GROSS INCOME (Note 1) OPERATING EXPENSES Pa�ro xpenses Salaries Employees' Grp. Ins. Payroll Taxes Uniforms and Laundry Workers Comp. Ins. Pension Plan TOTAL PAYROLL EXPENSE EQUIPMENT EXPENSES Gas and Oil -- Insurance Licenses S Highway Use Tax Repairs and Maintenance Tires Depreciation Supplies and Other TOTAL EQUIPMENT EXPENSE OTHER EXPENSES (Schedule) TOTAL OPERATING EXPENSES INCOME (LOSS) FROM OPERATIONS 'OTHER INCOME ( EXP.) Gain(loss) on Sale Equip. INCOME BEFORE PROVISION FOR INCOME TAXES Actual Year Ended 3/31/83 $1,486,003 $ . 328,898 41,600 40,539 3,244 22,558 5 629 $ 442!468 $ 52,019 19,974 10,092 41,508 22,991 89,055 18 216 $ 2f $ 871,129 $1,567,452 $ (81,449) $ 57,575 Adjustments $ 43,358 (1) 17,103 (2) - (3) (2,825) (4) 16 (5) 31,255 (6) 986 (7) $ (3,069) (8) 100 (5) 50 (5) 208 (5) 115 (5) 7,745 (9) 91 (5) $ $(67,257) $(15,482) $ 58,840 $ (5,575) (13) $ 53125 SEE ACCOMPANYING SUMMARY of SIGNIFICANT FORECAST ASSUMPTIONS AND SUMMARY of SIGNIFANCT ACCOUNTING POLICIES. Forecasted F/Y/E 3/31/84 $1,529,361 $ 346,001 41,600 37,714 3,260 53,813 $4W, 48,950 20,074 10,142 41,716 23,106 96,800 18307 $ 2 9p $ 803,872 $1,551,9.70 $ (22,609) ORDINANCE NO. 1289 AN ORDINANCE AMENDING SECTION 11-3 OF THE CITY CODE OF THE CITY OF LODI, ENTITLED "COLLECTION RATES FOR GARBAGE SERVICES". The City Council of the City of Lodi does ordain as follows: Section 1. Section 11-3 of the City Code of the City of Lodi is hereby repealed and re-enacted to read in full as follows• Section 11-3. Collection Rates. The monthly rates to be charged for garbage collection service shall be as follows: A. For any private dwelling house or residence, the rate for one weekly garbage collection shall be: (1) For the first container of thirty gallons or less and not to exceed sixty pounds, Four Dollars and Forty Five Cents ($4.45) (2) For each additional container of thirty gallons or less and not to exceed sixty pounds, Two Dollars and Fifteen Cents ($2.15) B. Owners of flats, apartments or the tenants or lessees thereof shall pay an amount equal to Four Dollars and Forty Five Cents ($4.45) times the number of apartment units owned or occupied. C. For owners or tenants of business houses, the monthly rates shall be: -1- • n C -2- (I) Class A Commercial Collection service which exceeds the capacity of one 6 cubic yard container: 16 yds. to 40 yds. $3.50 per yard Compacted Loads: Rate $5.90 per yard (II) Class B Commercial Collection service when requires either daily or weekly and the waste can be accommodated by a one to 6 cubic yard container service, the monthly rntes shall be: WEEKLY SERVICE NO. OF YDS. CONTAINERS 1 2 3 4 5 6 1 $39.84 $60.73 $ 81.59 $104.34 $125.60 $146.82 1 2 51.25 83.50 115.75 150.70 183.53 21.6.41 3 62.62 106.26 149.93 197.08 241.51 285.96 1 51.25 83.50 115.75 150.70 183.59 216.41 2 2 74.02 129.04 184.07 243.43 299.48 355.51 3 76.78 174.58 252.37 336.19 415.41 494.61 1 62.62 .'.06.25 149.93 197.08 241.51 285.96 3 2 96.78 174.58 252.37 336.19 415.41 494.61 3 130.94 242.92 354.87 475.28 589.30 703.30 -2- • III. Class C Commercial Collection service when required either daily or weekly and the waste can be accommodated by one to six - thirty gallon cans not exceeding sixty pounds per can. The monthly rates shall be: -3- NO. OF tDS. CONTAINERS 1 2 3 4 5 6 1 86.77 151.29 215.82 285.43 351.12 416.83 4 2 137.19 258.08 376.01 502.90 622.97 743.02 3 193.56 364.88 536.18 720.36 874.80 1069.24 4 246.95 1 100.11 177.99 255.86 339.80 419.09 498.37 5 2 166.86 311.48 456.10 611.63 758.57 906.14 3 233.61 444.97 656.35 883.47 1098.68 1313.87 4 1721.64 1 113.47 204.69 295.90 394.17 487.13 579.90 6 2 193.56 364.88 536.18 720.36 894.80 1069.24 3 273.66 525.08 776.48 1046.58 1302.55 1558.55 III. Class C Commercial Collection service when required either daily or weekly and the waste can be accommodated by one to six - thirty gallon cans not exceeding sixty pounds per can. The monthly rates shall be: -3- 2 3 4 5 6 $12.01 $17.79 NO. OF $41.24 CONTAINERS 1 1 $ 6.24 2 10.25 3 14.22 4 21.36 5 39.96 6 49.98 2 3 4 5 6 $12.01 $17.79 $23.57 $41.24 $49.36 20.02 41.87 55.62 69.38 83.12 39.38 58.73 78.11 97.49 116.85 59.37 88.72 118.10 144.94 176.84 79.34 118.72 158.09 197.46 236.81 99.34 148.72 198.08 247.87 296.81. All of the above rate schedules shall be effective on all bills which are prepared on or after August 1, 1983. Section 2. All ordinances and parts of ordinances in conflict herewith are repealed insofar as such conflict may exist. Section 3. This ordinance shall be published one time in the "Lodi News Sentinel", a daily newspaper of general -4- Ppr t circulation printed and published in the City of Lodi and shall be in force and take effect thirty days from and after its passage and approval. Approved this 20th day of July, 1983 Mayor Alice M. :Reimche City'Clerk State of California County of San Joaquin, ss. I, Alice M. Reimche, City Clerk of the City of Lodi, do hereby certify that Ordinance No. 1289 was introduced at a regular meeting of the City Council of the City of Lodi ti -5- t held July 6, 1983 and was thereafter passed, adopted and ordered to print at a regular meeting of said Council held July 20, 1983 by the following vote: Ayes: Council Members - Pinkerton, Snider & Olson (Mayor) Noes: Council Members - None Absent: Council Members - Murphy & Reid Abstain: Council Members - None I further certify that Ordinance No. 1289 was approved and signed by the Mayor on the date of its passage and the same has been published pursuant to law. Alice M. Reimehe City Clerk ; r Approved as to form Ronald M. Stein City Attorney