The Manager of Finance stated that recycling commodity prices are still struggling and the revenue earned from the sale of recycled material was $67,700 lower than projected for 2019.
The additional net revenue serves to increase the 2019 projected surplus. A full year end report for 2019 will be provided to the Board in May when the audit is completed by KPMG.
Mr. McKenzie asked where would the money be allocated if the Authority realizes an actual surplus. The Manager of Finance stated that it would be included in the Rate Stabilization Reserve.
Mr. Morrison asked if the Authority is receiving a lot of soil from the new bridge project and if more soil is expected from this project. The Manager of Finance stated the Authority has received approximately 13,000 tonnes of soil material as of January 31, 2020. She stated that she will provide an update for January – March 2020 at the May Board meeting. She stated that the 2020 budget includes 20,000 tonnes of episodic waste which is what this type of material is considered.
Moved by Aldo DiCarlo
Seconded by Hilda MacDonald
THAT the Board receive the 2019 Budget Projection Update Report as information.
9-2020
Carried Unanimously
C. Summary of Legal Accounts
Moved by Gary McNamara
Seconded by Ed Sleiman
THAT the Board authorize the payment of the legal account as summarized.
10-2020
Carried Unanimously
13. Other Items
No other items were raised for discussion.
14. By-Laws
A. By-Law 1-2020
Being a By-Law to Authorize the Execution of an Agreement between the Essex-Windsor Solid Waste Authority and Toromont Ltd. for the Supply of a Front-End Loader and a Five-Year Service Contract for use at Transfer Station #2 in Kingsville. Moved by Aldo DiCarlo Seconded by Gary McNamara
Moved by Aldo DiCarlo
Seconded by Gary McNamara