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ITEM: RESOLUTION NO. R2024-23 (PRELIMINARY TRIM RATES FOR WELLINGTON SOLID WASTE COLLECTION AND RECYCLING ASSESSMENT)
A RESOLUTION OF WELLINGTON, FLORIDA’S COUNCIL ADOPTING THE PRELIMINARY NON-AD VALOREM ASSESSMENT RATES FOR SOLID WASTE COLLECTION AND RECYCLING SERVICE FOR TRUTH-IN-MILLAGE (“TRIM”) PURPOSES WITHIN THE JURISDICTIONAL BOUNDARIES OF WELLINGTON; AND PROVIDING AN EFFECTIVE DATE.
REQUEST: Approval of Resolution No. R2024-23 setting the preliminary FY 2025 TRIM rates for Solid Waste Collection and Recycling proposed at $310/unit for curbside services and $230/unit for containerized service.
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EXPLANATION: The Solid Waste Authority of Palm Beach County requests the Truth-in-Millage (TRIM) rates for Solid Waste Collection and Recycling in June to facilitate their processing.
The Wellington Solid Waste Collection and Recycling assessment rates are proposed to increase for Fiscal Year 2024/2025 based on the FY 2025 preliminary budget reflecting rising operating costs due to economic impacts and the projected contract cost adjustment. The Wellington Solid Waste Collection & Recycling non-ad valorem assessment rates have been proposed at the amount required to fully cover operating costs and restore and maintain fund balance in the Solid Waste Fund. The contract for solid waste collection allows an annual increase corresponding to the CPI for Water, Sewer & Trash Collection (WST) with a maximum contract increase of 5%. The WST indicator was at 5.28% for March 2024, and therefore the budgeted contract increase is 5%. Additionally, trash bin replacements remain active.
For FY 2025, the annual residential collection rates required to fully fund the higher expenditures and fund balance restoration are $310 per curbside unit and $230 per containerized unit. This represents increases of $20 and $5 per year, respectively.
P = Preliminary
The preliminary TRIM collection and recycling rates fund the FY 2024/2025 preliminary Solid Waste budget in attached Exhibit A. The preliminary budget totals $7.53 million, up $500,000 or 7% from the FY 2023/2024 adopted Solid Waste budget, and is balanced at the preliminary rates while rebuilding fund balances. Wellington Solid Waste currently services approximately 22,700 curbside accounts and 1,950 containerized accounts.
Resolution No. R2024-23 specifies the preliminary FY 2025 collection and recycling rates to be included on the annual TRIM notice for all properties served by Wellington Solid Waste. The preliminary rates of $310/unit for curbside service and $230/unit for containerized service represent increases of 6% in curbside, and 2% in containerized services. The final assessment rates and budget will be adopted following the required public hearing in August. The Council may adopt final rates at or below the preliminary TRIM rates, and the final adopted budget may differ from the preliminary budget in Exhibit A.
BUDGET AMENDMENT REQUIRED: NO
PUBLIC HEARING: NO QUASI-JUDICIAL:
FIRST READING: SECOND READING:
LEGAL SUFFICIENCY: YES
FISCAL IMPACT: The proposed rates will fully fund the preliminary Solid Waste budget for FY 2024/2025 and restore and maintain fund balance that has been depleted over previous years. Budgeted assessment revenue for FY 2025 is based on approximately 22,700 curbside units and 1,950 containerized units, with a 5% allowance for discounts.
WELLINGTON FUNDAMENTAL: Responsive Government
RECOMMENDATION: Approval of Resolution No. R2024-23 setting the preliminary FY 2024/2025 assessments for Wellington Solid Waste at $310.00 per unit for curbside service and $230 per unit for containerized service.