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09-19-2007 CSMCREEK SIDE SOILS ADVISORY COMMITTEE MINUTES Creekside Compost Facility September 19, 2007, 4:45 p.m. CALL TO ORDER: 4:45 p.m. Members Present: Doug Johnson, Brandon Fraser, Marian Filk, Bob Anderson, Bill Arndt Members Absent: Randy DeVries, Nathan Winters It was noted that Nathan Winters needs to be appointed by the City Council as an official member to the Creekside Advisory Board. Approval of minutes from May 16, 2007 — Motion by Anderson, second by Filk, motion carried unanimously to approve the meeting minutes from May 16, 2007. 2. Review of 2008 Budget — Doug Johnson, Creekside Manager, reviewed the proposed 2008 budget. The Minneapolis contract will be removed from the 2008 requested budget. The bottom line should not be affected due to these numbers being revised due to an adjustment in labor, transportation, etc. related to Minneapolis. No source - separated operations are included in this budget. Johnson then reviewed the wages /salaries and how numbers are being proposed for consulting and contractual services. Johnson reviewed various line items. Johnson then reviewed the balance sheet as of 8/31/2007. Total assets equal $6,755,595.71, and liabilities and capital equal $6,755,595.71. Johnson reviewed the income statement as of 8/31/2007. Total revenue is $1,485,644.68, gross profit is $572,333.06, total expenses are $715,649.18, and net income is ($144,316.12). Miscellaneous — Bob Anderson questioned the bottom line for 2006. Creekside is continuing with source separated operations due to the original concept of the facility. Johnson also spoke about other services Creekside supplies, such as general recycling and e- recycling. At the next meeting, the group must assess the board's composition, term lengths, etc. In addition, the facility hopes to make a $50,000 transfer by year end. The final 2008 budget should be completed for Creekside and Refuse as well. Johnson also noted that miscellaneous bagging jobs are being bid as another source of revenue. With no further business to discuss, a motion was made by Anderson, seconded by Fraser to adjourn at 5:20 p.m.