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HomeMy WebLinkAbout2006-05-23 - AGENDA REPORTS - BURRTEC WASTE RATE ADJUSTMENT (2)CONSENT CALENDAR DATE: SUBJECT: DEPARTMENT: Agenda Item: Zo_ CITY OF SANTA CLARITA AGENDA REPORT City Manager Approval: Item to be presented by: May 23, 2006 BURRTEC WASTE INDUSTRIES, INC. ANNUAL RATE ADJUSTMENT City Manager's Office RECOMMENDED ACTION Adopt resolution for the third amendment to the Agreement Between City of Santa Clarita and Burrtec Waste Industries Inc for Commercial Solid Waste Management Services allowing Burrtec to increase rates by 4.94 percent based on the formula outlined in the Franchise Agreement. Burrtec is entitled to the rate increase pursuant to Section 6.3 of the Commercial Franchise Agreement. BACKGROUND In November of 2003, the City Council selected Burrtec Waste Industries, Inc., as the exclusive solid waste hauler for commercial services. As part of the Agreement Between City of Santa Clarita and Burrtec Waste Industries Inc for Commercial Solid Waste Management Services (Franchise Agreement) Burrtec agreed to lock in their maximum rates from August 1, 2004 until June 30, 2006. Pursuant to Section 6.3 of the Franchise Agreement, Burrtec may request a rate increase for the third Rate Year (July 1, 2006 through June 30, 2007) if they submit a request for the increase by April 1, 2006 and follow the specific guidelines for a rate increase as outlined in Section 6.4 of the Franchise Agreement. Attached is an outline of the Method of Adjustment for a rate increase described in Section 6.4, the resulting calculations following the formula, and a matrix outlining the resulting maximum rate changes. Based on the formula, the rate increase will be 4.94 percent, which is less than the annual rate cap of five percent. Once approved by Council, staff will work with Burrtec in providing proper notification of the rate increase to its customers and will begin the new rate structure on July 1, 2006. The rate increase will not affect the free commingled recycling services provided by Burrtec. ALTERNATIVE ACTIONS No alternative actions have been identified. FISCAL IMPACT Please see the attachment for changes to the commercial rates. ATTACHMENTS Bureau of Labor Statistics Information available in the City Clerk's Reading File Attachment A - Burrtec's Request for a Rate Increase Attachment B - Rate Adjustment Methodology Attachment C - Third Amendment Resolution Attachment D - Third Amendment to Franchise Agreement AAac h r cpi+ A BURRTEC WASTE INDUSTRIES, INC. "We'll Take Care Of It" March 31, 2006 Mr, Travis Lange Environmental Services Manager City of Santa Clarita 23920 Valencia Blvd Santa Clarita, CA 91355 Dear Travis: 0,,r= CE McNTN$ENV CE pEn IS MAR 31 2006 CIRDFSAM MABRA Burrtec Waste Industries has complied with Article 6 of the City of San Clarita's Agreement for Commercial Solid Waste Management Services, referencing company compensation and rates. As per Section 6.3 of the Agreement, we respectfully request an annual adjustment to the initial rates effective July 1, 2006. Burrtec has enclosed a current and proposed rate component worksheet based on the adjustment methodology called out in Section 6.4 of the Agreement utilizing the cost categories, weighting and adjustment indices required. This year's adjustment calculates within the annual rate cap of 5% excluding any extraordinary adjustments at this time. Burrtec reserves the right to request an adjustment to the maximum customer rate under Section 6.6 Extraordinary Adjustments. Further discussions with City staff are needed to review circumstances and prepare a schedule documenting extraordinary costs. However, as part of the Supporting Information we have supplied Financial Statements including an Independent Accountant's Compilation Report and Statement of Income. Burrtec is confident that the rate adjustment process outlined by the City of Santa Clarita has been followed and that the requested rate adjustment meets the requirements of the Agreement. On behalf of Burrtec Waste Industries we would like to thank the City of Santa Clarita for their time and consideration on this issue and look forward to more detailed discussions. Vice guin nt 9890 Cherry Avenue • Fontana, California 92335 • 909-429-4200 • FAX 909-429-4290 Burrtec Waste Industries, Inc. City of Santa Clarita Rate Component Worksheet Current Rate Components Proposed 7/1/06 4.94% 10.00% CPI 10.00% Bin Net to Franchise Total Net to Franchise Total Size Freg Burrtec Fee Rate Burrtec Fee Rate 1.5 1 $47.48 5.28 $52.76 $49.83 5.54 $55.37 1.5 2 $92.59 10.29 $102.88 $97.16 10.80 $107.96 1.5 3 $137.70 15.30 $153.00 $144.50 16.06 $160.56 1.5 4 $182.33 20.26 $202.59 $191.34 21.26 $212.60 1.5 5 $226.96 25.22 $252.18 $238.17 26.46 $264.63 1.5 6 $271.59 30.18 $301.77 $285.01 31.67 $316.68 1.5 7 $316.22 35.14 $351.36 $331.84 36.87 $368.71 2 1 $49.43 5.49 $54.92 $51.87 5.76 $57.63 2 2 $96.38 10.71 $107.09 $101.14 11.24 $112.38 2 3 $143.34 15.93 $159.27 $150.42 16.71 $167.13 2 4 $189.80 21.09 $210.89 $199.18 22.13 $221.31 2 5 $236.26 26.25 $262.51 $247.93 27.55 $275.48 2 6 $282.72 31.41 $314.13 $296.69 32.97 $329.66 2 7 $329.17 36.58 $365.75 $345.43 38.38 $383.81 3 1 $54.05 6.01 $60.06 $56.72 6.30 $63.02 3 2 $105.41 11.71 $117.12 $110.62 12.29 $122.91 3 3 $156.75 17.42 $174.17 $164.49 18.28 $182.77 3 4 $207.57 23.06 $230.63 $217.82 24.20 $242.02 3 5 $258.38 28.71 $287.09 $271.14 30.13 $301.27 3 6 $309.19 34.36 $343.55 $324.46 36.05 $360.51 3 7 $360.01 40.00 $400.01 $377.79 41.98 $419.77 4 1 $67.92 7.55 $75.47 $71.28 7.92 $79.20 4 2 $132.45 14.72 $147.17 $138.99 15.44 $154.43 4 3 $196.97 21.89 $218.86 $206.70 22.97 $229.67 4 4 $260.82 28.98 $289.80 $273.70 30.41 $304.11 4 5 $324.67 36.07 $360.74 $340.71 37.86 $378.57 4 6 $388.51 43.17 $431.68 $407.70 45.30 $453.00 4 7 $452.36 50.26 $502.62 $474.71 52.75 $527.46 6 1 $86.86 9.65 $96.51 $91.15 10.13 $101.28 6 2 $169.37 18.82 $188.19 $177.74 19.75 $197.49 6 3 $251.89 27.99 $279.88 $264.33 29.37 $293.70 6 4 $333.54 37.06 $370.60 $350.02 38.89 $388.91 6 5 $415.19 46.13 $461.32 $435.70 48.41 $484.11 6 6 $496.84 55.20 $552.04 $521.38 57.93 $579.31 6 7 $578.48 64.28 $642.76 $607.06 67.45 $674.51 32G Can 1 $30.37 3.38 $33.75 $31.87 3.54 $35.41 95G Can 1 $33.97 3.78 $37.75 $35.65 3.96 $39.61 IR 0 0 I 0 0 N 7 t0 Mr- CO V U O O N O 0 0 sr N E a¢ 0 0 0 0 0 0 L o 0 0 0 0 0 0 0 0 0 0 0 oLOtriLOLO > M r N N O lc:, r N o 0 0 0 0 0 N @U,O h cl M N r O Nr r N r O In M r lC: U r v 2U a m o, d B y L o O o o 3 0 00 0 o O U _ U r r r r 0 a 0 x 0 0 0 0 m (D0) oaa c�r(O InMM U � � � U C a tU 9 0 0 0 r CO CO E O c6 V 66 N0007OOO N d V LQ CO M CO NOM 00c0� O 00 W W N � r 0 � :=U O O LOM M r > 5 c m —U m m�3o u a �M N U a a 'C N � N �QU N N CO (6 " @ cc C U a�w N V7 O E Nt w t2 0 ., .O al '9 aO m BURRTEC WASTE INDUSTRIES, INC. SANTA CLARITA DIVISION FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2005 BURRTEC WASTE INDUSTRIES, INC. SANTA CLARITA DIVISION FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31., 2005 CONTENTS Page Independent Accountants' Compilation Report .......................................1 Statement of Income...........................................................................2 GREEN HASSON & JANKS LLP BUSINESS ADVISORS AND CPAs INDEPENDENT ACCOUNTANTS' COMPILATION REPORT Board of Directors Burrtec Waste Industries, Inc. Santa Clarita Division We have compiled the accompanying statement of income of Burrtec Waste Industries, Inc. Santa Clarita Division for the year ended December 31, 2005 in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. A compilation is limited to presenting in the form of financial statements information that is the representation of management. We have not audited or reviewed the accompanying statement of income and, accordingly, do not express an opinion or any other form of assurance on it. Management has elected to omit substantially all of the disclosures required by generally accepted accounting principles. If the omitted disclosures were included with the statement of income, they might influence the user's conclusions about the Company's results of operations. Accordingly, this statement of income is not designed for those who are not informed about such matters. March 25, 2006 Los Angeles, California A Member of ® International A world-wide organization of accounting firms and business advisers 10990 Wilshire Boulevard Sixteenth Floor I Los Angeles, CA 90024-3929 TEL: (310) 873-1600 I FAX: (310) 873-6600 1 www.ghdadvisors.com BURRTEC WASTE INDUSTRIES, INC. SANTA CLARITA DIVISION STATEMENT OF INCOME Year Ended December 31, 2005 REVENUES: % of Net Amount Revenues Gross Revenues $ 4,148,519 100.0 Less: Disposal Fees (1,390,001) (33.5) Less: Franchise and Administrative Fees (423,099) (10.2) TOTAL OTHER EXPENSE NET REVENUES , $ 2,335,419 56.3 $ (281,494) NET REVENUES $ 2,335,419 100.0 DIRECT COSTS 1,816,901 77.8 GROSS PROFIT 518,518 22.2 OPERATING EXPENSES: Selling Expenses 90,761 3.9 General and Administrative Expenses 598,889 25.6 TOTAL OPERATING EXPENSES 689,650 29.5 LOSS FROM OPERATIONS (171,132) (7.3) OTHER EXPENSE: Interest Expense (88,348) (3.8) Amortization of Debt Issuance Costs (1,289) (0.1) Amortization of Administration Fee (20,725) 10.9) TOTAL OTHER EXPENSE (110,362) (4.8) NETLOSS $ (281,494) (12.1) See Independent Accountants' Compilation Report -2- ATTACHMENT B Rate Adjustment Methodology Section 6.4 of the Commercial Franchise Agreement provides a formula for determining the maximum rate adjustment that may be requested by Burrtec. The following is a table of the rate components taken into consideration and their respective weighting in determining a rate adjustment: Cost Category Weighting Rate Adjustment Index Labor 30% Producer Price Index, PCU4212#2, Local trucking without storage, Waste collection Fuel 5% Producer Price Index, WPU057303 not seasonally adjusted, Fuels and related products and power, #2 diesel fuel Equipment 15% Producer Price Index, PCU3713#139, Truck and bus bodies, Refuse and garbage(packer type) Disposal 25% Consumer Price Index for All Urban Consumers, all items index (CPI -U) — U.S. city average All Other 25% 50% of change in Consumer Price Index for all Urban Consumers, all items index (CPI -U) — U.S. city average Total 100% Pursuant to the instructions in the Franchise Agreement, the differences in the indices are determined based on the period of December 2004 through December 2005. According to the Franchise Agreement, the resulting percentage change caps at five percent. Change in Classification System Since the Franchise Agreement was written more than two and a half years ago, some changes had to be incorporated in the rate adjustment calculation. It appeared as if the United States Department of Labor — Bureau of Labor Statistics made a change in how they labeled certain Producer Price Indices. In the past they used the Standard Industrial Classification (SIC) system to label the indices, but recently, have made the shift from SIC codes to the North American Industry Classification System (NAICS). Therefore, the Producer Price Index (PPI) for Labor and the PPI for Equipment no longer existed in the format outlined in the Franchise Agreement. After researching the issue, staff determined the factors most appropriate for replacing the previous ones. The PPI labeled as PCU4212#2, Local trucking without storage, Waste collection was replaced with PCU336211336211 Solid Waste Collection. The PPI labeled as PCU3713#139, Truck and bus bodies, Refuse and garbage (packer type) was replaced with PCU5621111562111 Motor Vehicle Body Manufacturing. Rate Increase Calculations Using the revised indices and the system outlined by the franchise agreement, staff calculated the proposed rate increase to verify Burrtec's proposed new rates as outlined in their rate increase request. Staff's calculation, based on the data provided by the Bureau of Labor Statistics, has been summarized in the following table: Cost Category Dec. 2004 Dec. 2005 Chane Weighting Percent Labor 101.5 103.5 1.97% 30% 0.59% Fuel 135.3 198.0 46.34% 5% 2.32% Equipment 184.8 I 194.1 5.03% 15% 0.75% Disposal 190.3 196.8 3.42% 25% 0.85% All Other 190.3 196.8 1.71%* 25% 0.43% Total 1 100% 4.94% Calculated at 50% of CPI change. Impact to Solid Waste Collection Rates Once staff found the appropriate proposed rate increase, staff went on to calculate the impact the proposed rate increase would have on the current maximum rates. The maximum rates will be increased as follows: r) tETtr��i}r ar �, a o I`�iEr'�tTt� + ti Pts(( ,k'a. i','tl 'ha'isi t. �t 4liu ti : d) d,Eiit i:(hiN d tN di ,iiia j Olil f:oi ��(} ( i;;fii E't..: �i: fE.^di..,ai., t i xri{:dEd�a .n, 90- al ('05) $37.75 $67.95 $113.25 $151.00 $188.75 $226.50 ... $264.25 :.fi §N'l.g} 32 -gal ('05) $33.75 $60.75 $101.25 $135.00 $168.75 $202.50 $236.25 �. k� td�Fls; �t:.. u ?� 'rMBe��iit «d 1.5 ('05) $52.76 $102.88 $153.00 $202.59 $252.18 $301.77 $351.36 n' t r 2 d ('05) $54.92 $107.09 $159.27 $210.89 $262.51 $314.13 $365.75 "MI 3 , d, ('05) $60.06 $117.12 $174.17 $230.63 $287.09 $343.55 $400.01 „ .91 l '. 'i EE 1,; �i& �� iE,.�e9 �" i�', i (!{� a E,(,. .Ii 3tt :,.•` � {±+1i�h ,4`Ma� .' ;' E I? n.��� i .. .. d. E �. i".;: 4 d ('OS) $75.47 $147.17 $218.86 $289.80 $360.74 $431.68 $502.62 ENTER .. 0,111 6N ) Px„E��.,i rttL. e :. 6 ydj(105) $96A.51 $1`88.19 $�j27b9.88 $370.60 1 $46+1.32 $552.)04 $642.76 IN3,'1 V. !t @ Ei6 zi,. '(, i ,ie:, .gr' }.. FN # p�!`i f tt �,1r'j flh ilxnt E�4�i 4. lh6 Other Rates Free commingled recycling services and all special rates, except for two, for the services provided by Burrtec will not be affected by the rate increase. The two rates that will be affected by the rate change are rates that are directly correlated with the solid waste collection rates; therefore, an increase in collection rates would also create an increase in the other two rates. The two additional rates are the Compactor Rates and the Greenwaste Collection Rates. As written in the Franchise Agreement, the Compactor Rates are two times the comparable solid waste collection rate. Therefore, if a business has a three cubic yard compactor bin being collected once per week, their rate would increase from $120.12 per month to $126.06 per month. The Greenwaste Collection Rate is no more than 75 percent of the solid waste collection rate. With the change in the solid waste collection rate, if a business had a three cubic yard bin being collected once per week, their rate would increase from $45.05 per month to $47.27 per month. The service will still be offered at a discounted rate in comparison to regular trash collection services. TL:BAL S:\ENVSRVCS\SOLWAS1'2\COUNCR,\2006\BurrtM Rate Adjustment Methodology.doc