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April 4, 2016 (Work Session) Page 2693
<br />Mr. Grant also reviewed the following projected financial information
<br />for the Cabarrus County Landfill. He advised a decision on whether to expand
<br />or close the landfill is needed quickly due to the amount of space left in
<br />the current cell. He expressed support for the expansion.
<br />CASAAAUS COUNTY LANDFILL
<br />PROJECTED FINANCIAL iNPORMATFON
<br />For Fiscal Years MG-200
<br />Actux
<br />Estimate
<br />Estimate
<br />__..._..
<br />Estlmata
<br />FY 2015
<br />FY 2016
<br />FY2Di7
<br />2 71E
<br />FY 2019
<br />7:I: prnR flee
<br />$ - ;..1
<br />3900
<br />Ip
<br />S 39.00
<br />1 39.0C
<br />5 682.265
<br />5 647,000
<br />5 4 7.€00
<br />$ 4a7,000
<br />5 647,000
<br />�34 REVENUES
<br />CPERTING EXPENSES
<br />633,661
<br />1,605,627
<br />1.032,505
<br />787,695
<br />1,082,605
<br />151,396 }.
<br />(958,6271
<br />[7'85,
<br />(135,605)
<br />(405,605)
<br />OPERATING &dCOAtL (LOSS)
<br />CASH FLOW PROJECTION:
<br />6egtnntng Cash -July 1st
<br />4,014,098
<br />&,22A,095
<br />4,685,067
<br />4,842,039
<br />5,299,011
<br />Npr Operating InCOme yLDSS)
<br />{151.396)
<br />(958,627(
<br />(385,605)
<br />(135.6051
<br />(435,6051
<br />Adjustments for stems not involving cash
<br />186,729
<br />L09L599
<br />265,577
<br />268,577
<br />568,577
<br />Non - Operating revenues
<br />315,597
<br />319,000
<br />319,0W
<br />319,000
<br />319,000
<br />Nan - Operating Purchase of pawfurnmt
<br />{243,5491
<br />-
<br />150,000)
<br />Nor - Operating Interest earnings
<br />6,616
<br />5,000
<br />5,000
<br />5,004
<br />5,000
<br />Less: Closure for CurrentlEapansian
<br />-
<br />Less: Monncring & Mnintenance Costs 3543 ACCTS
<br />4
<br />4
<br />4,84x,039
<br />5,295
<br />5,755,983
<br />ErdInN Cash at Fiscal Year End
<br />Closure Llablllty Ralanee
<br />11,016,2521
<br />11,261,569)
<br />(1,261,569)
<br />(1,261,569)
<br />(1,4b1,5o9C
<br />Post Closure Liability Balance
<br />12,119,615).
<br />p.6FC.165)
<br />(2,650,165)
<br />(2,550,165)
<br />[2.750,165)
<br />Other gabllititas at year end
<br />[218,2361
<br />(100,000)
<br />(100,000)
<br />1109,006)
<br />(10[3,OA01
<br />Recehrabler
<br />145,159
<br />75 000
<br />75,000
<br />75 000
<br />_1
<br />74x,333
<br />905,305
<br />1,362,27
<br />Cash Available
<br />A brief discussion ensued- During discussion, Mr. Grant and Mr.
<br />Bilafer responded to questions from the Board.
<br />Planning and Development ° Duke Helping Home Grant Funds
<br />Kelly Sifford, Planning and Development Director, reported the North
<br />Carolina Community Action Agency in conjunction with Duke Energy has made
<br />funding available that is designated to expand local Weatherization Services.
<br />She stated Cabarrus County is eligible for $75,000.00 in funding that can be
<br />used for HVAC replacements, the purchase of certain energy efficient
<br />appliances, and health and safety improvements in the home. She advised
<br />Cabarrus County has been using the Duke Energy Carolina (DEC) grant program
<br />
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