HomeMy WebLinkAboutCOM 0067.002 2002-2004 ANALYSIS OF VEHICLE DISPOSAL FUND i
Expenses 00-01 01-02 02-03 43-04 04-05
Actual Actual Estimate Estimates a Estimate
New Scra Dis osal at $80/ton 270,000 341,212 720,000 960,000 960,000
Old Scra Dis osal 250,000 250,000
Used Tire Program 150,000 246,115 150,000 150,000 150,000
Used Batte Pro ram 2,000 0 2,000 2,000 2,000
Sala and Wa es 32,804 36,036 71,073 71,073 71,073
Other ex enses 61,298 82,957 37,367 49,367 41,367
Total Expenses 516,102 706,320 980,440 1,482,440 1,474,440
Revenue at current rate ($4)
Vehicle Dis osal Fee 522,948 537,460 548,200 560,200 572,200
Towin Char es 227
Carr over 156,000 232,960
Total Revenue 522,948 693,687 781,160 560,200 572,200
!f costs are $80/ton, we are short -199,280 -922,240 -902,240
If costs are $100/ton, we are short -379,280 -1,102,240 -1,082,240
If costs are $120/ton, we are short -559,280 -1,282,240 -1,262,240
Revenue at proposed rate ($12)
Vehicle Dis osal Fee 548,200 1,610,988 1,646,988
Car over 232,960
Total Revenue 781,160 1,610,988 1,646,988
If costs are $80/ton, we are short -199,280 128,548 172,548
If costs are $100/ton, we are short -439,280 -111,452 -67,452
If costs are $120/ton, we are short -679,280 -351,452 -307,452
129,249 registered vehicles in 2000 3 79,
Unknown price for current scrap-$70-$120/ton possible. 55y ~jl7
Unknown price for old scrap- $125-$200Iton possible. / ~
Goal to eliminate old scrap pile in Kona 2-4 years.
Goal to eliminate old scrap pile in Hilo 2-6 years.
Revised 12/24/02 I~
(SUBMITTED BY BARBARA BELL RE. C-67/BILL 32) ()omm. No. I~
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Estimated Fund Balance FY 01-02
VEHICLE DISPOSAL FUND
FY 01-02
Prior YR Adjusted
Unrealized Carryover Unrealized
Rev/Adorn Actual Jun Total EstEncumb Rev/Lapse Forward Rev/Lapse
.evenues:
3201.50 Vehicle Disposal Fee 519,246 537,460 537,4Fj0 (18,214)
3401.41 Towing Charges 100 227 227 (127)
3602.31 Vehicle Storage Fees 100
3609.10 Fund Balance - Prev Yr 156,000
Total Revenues 675,446 537,687 537 687 (18 341)
Expenditures:
5641.01 Salaries & Wages 68,902 36,036 36,036 32,866 32,866
5841.02 Scrap Metal 365,000 124,904 IL4,9U4 316,308 (76,212) 171,212 95,000
Used Tire Program 174,000 246,115 246,115 (72,115) (72,115)
Used Battery Program 7,000 - 7,000 7,000
Other 42,344 68,751 68,751 (26,407) (26,407)
5601.06 Equipment 4,000 4,837 4,837 (837) (837)
5802 Fringe Reimb 14,200 9,369 9,369 4 831 4 831
Total Expenditures 675,446 490,012 490,012 316 308 (130 874) 171 212 40 338
PROJECTED FUND BALANCE
Est Revenues 537,687
Est Expenditures 490,012
Excess Rev over Exp 47,675
Prior Year Encumbrance 171,212
Prior Year Fund Balance 74,381
Prior Year Designated 156,000
449,268
ss: Est Encumbrances 316,308 _ Z/(v, 30$ _ /Z)O~ ODl7
Est Designated Fund Balance ~/3L a
Estimated Fund Balance ~ 132,960
Z3Z, 96~
Vehicle Disposal Fund
Budget FY 2003 - 2004
Estimatetl Revenues for Abar;dened Vehicle Program
Number of registered vehicles, motorcycles, etc. for the Ccw-ty of Hawzii.
(Al (@1 LCD !W fEl
Total# Taxes Increase in # Vehicles Increaseln
Vehicl8g Co~(ected Sakes Colloeted Pavino [c # Vehiclpg
Calendar Year 1997 123,522 $457,832 114,458
1998 127,197 $475,2E0 $17,428 118,815 4,357
1999 13,126 $494,156 $18,896 123,539 a,724
2000 137,123 $516,99fi 522,840 129,249 5,710
200, $531,90C $14.904 732,975 3 726
leverage increase of taxes collected and # of vehicles over 4 years $18.517 4,629
Note: State, County, and Feceral vehicles tlo not pay $4
Divided column B by $4, to tletermir.e number of vehicles jcolumn D) which paid vehicle registation fees.
$4 of each motor vehire registration gees to the Vehicle Disposal Fund to remove abandoned vehicles.
Cate provided by L'ounty Treasury DWsion -Tony 8351 ext 212
For Budget Year FY 20D2-2003, assumed 137,000 vehicles would pay registration Fees with a growth of
3.000 vehicles each year,
Using same assumption for FY 2003-2004 and future fiscal years.
Using calendar year 2000 data
137,000 x $4 per vehicle $548,000 Estimated Revenues for FY 2002.2003
estiirate 3,000 new vehicles each year
or increase in rPVenue by $12,0001 yea! $560,000 Estimated Revenues for FY 2003-2004
$572,000 Estimated Revenues for FY 2004-2GU5
5584,000 Estimated Revenues for FY 20G5-7.006