FY 17 Annual Report

Business Type Activities Funds

2017

CITY OF SPENCER, IOWA

LANDFILL POST CLOSURE FUND

FUND #679

FUND INFORMATION

This fund accounts for the Post Closure funds for the Landfill as required by the Iowa Administrative Code. The sole source of funding is transfers from the Landfill Operations fund. The City is required to provide funds to maintain a post closure area for 30 years after it has been closed to waste disposal. Pursuant to Iowa Administrative Code, Section 567, Chapter 113, "The owner or operator of a Municipal Solid Waste Landfill must establish assurance for the of costs of post closure care in accordance with the criteria in this chapter. The owner or operator must provide continuous coverage for post closure until released from this requirement." Annually, the City must demonstrate that enough funds are in the Post Closure fund through the annual Landfill Assurance Report. Section 567, Chapter 113.14(4)(6) requires "The third-party estimate submitted to the department must include the site area subject to post closure care and account for at least the following factors determined by the department to be minimal necessary costs for post closure care: 1) General site facilities, access roads and fencing maintenance; 2) Cap and vegetative cover maintenance;

3) Drainage and erosion control systems maintenance; 4) Groundwater to waste separation systems maintenance; 5) Gas control systems maintenance; 6) Gas control systems monitoring and reports;

7) Groundwater and surface water monitoring systems maintenance; 8) Groundwater and surface water quality monitoring and reports; 9) Groundwater monitoring systems performance evaluations and reports; 10) Leachate control systems maintenance; 11) Leachate management, transportation and disposal; 12) Leachate control systems performance evaluations and reports; 13) Engineering and technical services;

14) Legal, financial and administrative services; and 15) Financial assurance, accounting, audits and reports."

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

USE OF MONEY MISCELLANEOUS OTHER FINANCING

6,000.00

15,736.43

262.27

13,691.04

-

-

-

144,465.00 158,156.04

43,027.00

166,580.00

387.15

TOTAL REVENUES

49,027.00

182,316.43

371.87

EXPENDITURES CONTRACTUAL SVCS

- -

- -

- -

- -

TRANSFERS

-

-

-

-

TOTAL EXPENDITURES

BUSINESS TYPE ACTIVITIES