2023 City of Shakopee Budget

180

2023 Annual Budget

Refuse Fund

Fund:

Description of Services:

The City originally purchased and provided refuse and recycling carts to Shakopee residents. In 2021, the City solicited proposals for organized collection for the upcoming five year period and City Council approved a change in hauler from Republic Services to Dick’s Sanitation beginning January 2022. The new hauler purchased all remaining carts from the City and the cart ownership is the responsibility of the hauler.

Budget:

Actual

Actual

Budget

Budget

Expenditures by Category

2020

2021

2022

2023

Debt Service Depreciation

5,335

4,268

3,200

2,100

117,431 122,766

117,111 121,379

117,000 120,200

-

Totals

$

$

$

$

2,100

Dedicated Revenues

$

138,704

$

131,637

$

90,000

$

90,000

Interfund Loan Balance

$ $

426,814 (40,917)

$ $

320,110 (18,324)

$ $

213,407 (38,227)

$ $

106,703 (57,031)

Cash Balances

Expenditures by Category and Dedicated Revenue

$160,000

$140,000

$120,000

$100,000

Depreciation Debt Service Dedicated Revenues

$80,000

$60,000

$40,000

$20,000

$-

Actual 2020

Actual 2021

Budget 2022

Budget 2023

Key Measures:

Actual

Actual

Projected

Projected

2020

2021

2022

2023

Number of Garbage Carts Owned Number of Garbage Carts Used

26,705 26,359

26,705 26,359

0 0

0 0

Budget Impact: The City receives a monthly payment of $7,500 for the first 60 months of the contract, which began January 31, 2022. The payment are used to pay down the interfund loan with the Sewer fund that was used for the original refuse and recycling cart purchase. The interfund loan will be paid in full by the end of the 60 month contract term.