The Director of the Solid Waste Management Department (SWMD) and the Director of the Finance Department recommend approval of an ordinance for the creation of a special revenue fund, called the Container Lease Fund. The creation of the fund is in response to Council’s request and the administration's desire to segregate these funds and dedicate them to the administration and support of the Container Lease program.
On May 12, 2020, Council approved Ordinance 2020-425 which amended chapter 39 of the code of ordinances and established the container lease fee. Once approved by Council, the fee was added to the City’s fee schedule and is subject to the annual CPI increase. At the time, the stated purpose for the creation of the fee was to “support appropriate purchasing levels of both black and green containers; replacement parts and tools; rolling stock; and personnel to support deliveries and customer service in the four solid waste operations quadrants”. While the Finance Department has been tracking both revenues and expenditures related to the program, the creation of a separate fund will make such revenues and expenditures more transparent internally and to the public.
This new fund and amounts contained in it will be included in the Monthly Financial Report as presented by the Director of Finance and the Controller each month.
FISCAL NOTE: No significant fiscal operating impact is anticipated as a result of this ordinance.
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Mark C. Wilfalk, Director Will Jones, Director
Solid Waste Management Finance Department