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Commissioner Philbeck - Public Works - To Appropriate Funds for Accounting Purposes for the Payment of Quarterly Solid Waste Disposal Taxes to the North Carolina Department of Revenue (100% Solid Waste Enterprise Funds)
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STAFF CONTACT
Dan Ziehm, PE - Public Works - 704-862-6795
BUDGET IMPACT
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Increase Solid Waste Fund revenue by $650,000. Increase Solid Waste Fund expenses by $650,000. This allows quarterly disposal taxes to be paid out of an expense account instead of being netted against tipping fees.
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BUDGET ORDINANCE IMPACT
Increase Solid Waste Fund revenue by $650,000. Increase Solid Waste Fund expenses by $650,000.
BACKGROUND
The Gaston County Solid Waste and Recycling Division is required to pay the State of North Carolina Solid Waste Disposal taxes of $2/ton for every ton of waste accepted at our facility, on a quarterly basis. Previously, these taxes have been paid out of the Landfill Tipping Fees account. This Board Action allows the taxes to be paid out of a new expense account to increase transparency in financial reporting and prevent the Landfill Tipping Fee revenues from being understated.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)