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Approve Amendment to the Solid Waste <br />Agreement and Appropriation Adjustment <br />December 18, 2018 <br />Page 3 <br />FISCAL IMPACT <br />The estimated cost for the new commercial organics recycling program is $522,760 plus a 20% <br />contingency of $104,552, for a total of $627,312. Funds are available for expenditure in Fiscal <br />Year 2018-19 in the Sanitation Fund -Contract Services Professional account (No. 01117643- <br />62300). As part of the Fiscal Year 2019-20 Budget, a reconciliation of Refuse Enterprise <br />revenues will be completed to identify the balance available for this and other General Fund <br />uses. The estimated spending plan is as follows: <br />FISCAL YEAR <br />PROGRAM COST CONTINGENCY <br />TOTAL <br />FY 2018-19 <br />$40,6101 $8,1221 <br />$48,732 <br />FY 2019-20* <br />$177,130 $35,426 <br />$212,556 <br />FY 2020-21* <br />$305,020 $61,004 <br />$366,024 <br />TOTAL: <br />$522,760 $104,552 <br />$627,312 <br />'Increased annual Program Cost reflects increased mandated ABI826 implementation thresholds. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Fuad S. Weiss, PE, PLS Kathryn Downs, CPA <br />ExecutIrks <br />Director Executive Director <br />Public Agency Finance and Management Services Agency <br />FSS/MLM/CK <br />Exhibits: 1. Amendment to the Fourth Amended and Restated Agreement <br />2. Survey of OC Cities' AB 1826 Program Funding Mechanisms <br />25N-3 <br />