Regular Board Meeting Minutes
September 11, 2019
Mr. McNamara asked if the Authority has made money in the recycling business. Mr. McNamara also asked how much does it cost the taxpayer. The General Manager stated that there is a net cost and not a profit not only for Essex-Windsor but for all Ontario municipalities.
- Moved by Marc Bondy
- Seconded by Leo Meloche
Seconded by Leo Meloche THAT the Board receive the Report from the Provincial Blue Box Recycling Advisor and related attachments as information.
- Carried Unanimously 54-2019
9. Finance and Administration
A. Six Month Financial Review – January to June 2019
The Manager of Finance and Administration referred to page 27 of the agenda package. She stated that revenue for January to June 2019 was estimated at $13.9 million which resulted in a favourable variance of $1,384,400. She stated that 100% of the favourable variance in landfilled fees from I/C/I customers was from contaminated soil delivered from the Gordie Howe International Bridge construction project.
The Manager of Finance and Administration also described that the revenue generated from the sale of recyclable goods resulted in an unfavourable variance of ($286,300) due to continued declining commodity markets.
The Manager of Finance and Administration referred to the expenditure chart on page 28 of the agenda package. She stated expenditures were budgeted at $12.5 million and the January to June estimate was $13.5 million. She further described some of the variances including additional expenditures required during the installation of the new Fibre Optic Sort System in the Fibre recycling building, the construction of a new haul road at the Regional Landfill and the hauling and treatment of leachate from the Regional Landfill. The other significant variance was the Regional Landfill compensation paid to the host municipality due to the additional tonnes of waste delivered for disposal.
The Manager of Finance and Administration stated that with the increased revenue as well as the increased expenditures the first half of the year was still favourable by $373,000.
The Manager of Finance and Administration referred to the table on page 30 regarding commodity prices. She stated that the 2019 budget was developed using current commodity pricing, therefore the budgeted commodity prices were from the fall of 2018. She noted that from January to June commodity prices continued to fall creating an unfavourable variance. She noted that the market is still down and that the $3/tonne price stated for boxboard was not an error. She also stated that some municipalities