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Landfill Debt Retirement Proposal

Landfill Debt Retirement Proposal. John A. Crawford Nassau County Clerk/Comptroller. September 15, 2006. Landfill Debt Retirement Summary. Cost to Retire Landfill Debt ( $ 12,911,000) Available Sources to Retire Debt: Solid Waste Fund $ 5,763,000

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Landfill Debt Retirement Proposal

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  1. Landfill Debt Retirement Proposal John A. Crawford Nassau County Clerk/Comptroller September 15, 2006 Nassau County Clerk of Courts

  2. Landfill Debt Retirement Summary Cost to Retire Landfill Debt ($ 12,911,000) Available Sources to Retire Debt: Solid Waste Fund $ 5,763,000 Other Funds $ 7,500,000 Total Available Sources $ 13,263,000 Balance Available for Operating $ 352,000 *Total interest charges saved to 2013 is $3.3 million Nassau County Clerk of Courts

  3. Landfill Operational Analysis Revenue Sources: Residential Assessment $0 $ 0 One-Cent 6,500,000 Other (misc. haulers, etc.) 600,000 Total Revenue Sources $ 7,100,000 Expenditure Uses: Debt Service (PAID IN FULL) $ 0 Operations 3,620,801 Closure & Post-Closure Costs 1,681,643 Reserves 1,004,548 Other (Non-payment, other, etc.) 396,366 Total Expenditure Uses $ 6,703,358 Net Income $ 396,642 Nassau County Clerk of Courts

  4. Cost to Payoff Bond Early Balance Payable 9/30/06 $ 11,830,000 Net Interest due $ 611,000 Early payoff penalty* $ 470,000 Estimated Total Payoff $ 12,911,000 *Total interest charges saved to 2013 is $3.3 million Nassau County Clerk of Courts

  5. Solid Waste Source Available to Pay Bond Early Residential Assessment @ $0 $ 0 Reserve-Landfill (Ann.WN) $ 1,000,000 Reserve-Contingencies $ 363,000 Reserve-Capital Reserve $ 2,700,000 Reserve-Renewal & Replacement $ 1,700,000 Estimated Solid Waste Sources $ 5,763,000 Nassau County Clerk of Courts

  6. Other Sources Available to Pay Bond Early One Cent-Capital Plan $ 1,400,000 One Cent-Cash-to-be-Carried $ 1,000,000 One Cent-Unanticipated Rev $ 1,200,000 GF (Unanticipated Cash Fwd) $ 3,400,000* GF (Cash-to-be-Carried) $ 500,000 Estimated Other Sources $ 7,500,000 *Potentially higher by an additional $1 million Nassau County Clerk of Courts

  7. Thank you Nassau County Clerk of Courts

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