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Solid Waste Rate Study Rpt (Final) with tables MIAMI SHORES VILLAGE, FLORIDA 2019 SOLID WASTE RATE STUDY May 28, 2019 Public Resources Management Group, Inc. Utility, Rate, Financial, and Management Consultants Public Resources Management Group, Inc. Utility, Rate, Financial, and Management Consultants K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx 341 NORTH MAITLAND AVENUE – SUITE 300 – MAITLAND, FL 32751 Tel: 407-628-2600  Fax: 407-628-2610  Email: PRMG@PRMGinc.com  Website: www.PRMGinc.com May 28, 2019 Ms. Holly Hugdahl, CPA, CGMA Finance Director Miami Shores Village 10050 NE Second Avenue Miami Shores, FL 33138 Subject: 2019 Solid Waste Rate Study Dear Ms. Hugdahl: Public Resources Management Group, Inc. ("PRMG") has completed the study of the solid waste collection system (the "System") financial plan and rates for Miami Shores Village, Florida (the "Village"), and has summarized the results in this report for your consideration. This report summarizes the financial plan for Fiscal Year 2019 through Fiscal Year 2028 (the "Study Period") and proposed rate structure for the same period. The purpose of this study was to: ● Identify the ability of revenues derived from the current charges for solid waste service and ongoing operations of the System to fund the projected expenditures and necessary transfers; ● Provide recommended rates to recover the projected expenditures of the System; ● Provide an evaluation of the overall financial position and cash balances of the System; and ● Develop a financial plan in conjunction with Village staff to promote and maintain long-term rate sustainability to meet the funding goals and objectives of the System. To develop the proposed solid waste collection system financial plan and rates, we have relied upon certain information and data provided by the Village including the Village’s comprehensive annual financial reports ("CAFR"), the proposed Fiscal Year 2019 operating budget, estimated capital expenditures, customer statistics, periodic reports, records of operation, and other information and data provided by the Village. To the extent we have performed our analyses using certain data and information obtained from the Village and others in the preparation of this report, we have relied upon such information to be accurate and no assurances are intended, and no representation or warranties are made with respect thereto or the use made herein. Ms. Holly Hugdahl, CPA, CGMA Miami Shores Village, Florida May 28, 2019 Page 2 K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx CONCLUSIONS AND RECOMMENDATIONS Based on our studies, assumptions, considerations, and analyses as summarized herein, we are of the opinion that: 1. The Village's existing rates for solid waste collection service are not anticipated to be sufficient to recover the projected system costs for the Study Period. 2. In order to meet the projected revenue requirements of the System, it is recommended that the Village consider rate adjustments of fifteen percent (15.0%) annually for Fiscal Years 2020 and 2021 followed by adjustments of three percent (3%) per year for Fiscal Years 2022 through 2028. A summary of the proposed rates for each fiscal year is shown on Table 8 at the end of this report. 3. Property value enhancement due to Village-wide collection and disposal of solid waste due to elimination of health hazards, promotion of cleanliness and safety, and aesthetics should exceed the overall cost of the assessments. Therefore, the service represents a special benefit as advised by the Village’s consulting attorney. 4. Proportionality of the assessments upon benefitted properties, as previously determined in Chapter 9 of the Village Code of Ordinances, has been preserved. 5. The existing and proposed Fiscal Year 2020 residential rates are above average with rates charged by neighboring communities. However, there can be significant differences in the level of service provided that account for such differences in rates among neighboring communities. 6. The Village should periodically review the adequacy of solid waste rates over the course of the Study Period to ensure revenue sufficiency in subsequent years. (Remainder of page intentionally left blank) Ms. Holly Hugdahl, CPA, CGMA Miami Shores Village, Florida May 28, 2019 Page 3 K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx We appreciate the opportunity to be of service to the Village and would like to thank the Village's staff for their valuable assistance and cooperation during this study. Respectfully submitted, Public Resources Management Group, Inc. Henry L. Thomas Senior Vice President Nicholas T. Smith, CGFM Senior Rate Analyst HLT/nts Attachments K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -i- MIAMI SHORES VILLAGE 2019 SOLID WASTE RATE STUDY TABLE OF CONTENTS Title Page No. Letter of Transmittal Table of Contents ................................................................................................................... i List of Tables ......................................................................................................................... ii Introduction ............................................................................................................................ 1 Existing Service And Rates ................................................................................................... 1 Customer and revenue projections ......................................................................................... 2 Revenue Requirements .......................................................................................................... 2 Principal Assumptions and Considerations ........................................................................... 3 Summary of Net Revenue Requirements ............................................................................... 5 Adequacy of Solid Waste Rate Revenues .............................................................................. 5 Solid Waste Rate Comparisons ......................................................................................... 6 Conclusions and Recommendations ...................................................................................... 8 K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -ii- MIAMI SHORES VILLAGE 2019 SOLID WASTE RATE STUDY LIST OF TABLES Table No. Description 1 Projected Collection Customers and Revenues Under Existing Rates 2 Summary of Projected Escalation Factors 3 Projection of Solid Waste Operating Expenses 4 Capital Improvement Program Funding Plan 5 Projection of Ending Cash Balances and Interest Income 6 Projected Solid Waste System Revenue Requirements 7 Comparison of Residential Solid Waste Rates 8 Summary of Proposed Solid Waste Rates K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -1- MIAMI SHORES VILLAGE 2019 SOLID WASTE RATE STUDY INTRODUCTION Public Resources Management Group, Inc. ("PRMG") was tasked with the preparation of a ten- year financial forecast of the System encompassing Fiscal Years 2019 through 2028 (the "Study Period"). This report, which should be read in its entirety, provides a summary of recent customer growth and financial trends, study methodology, principal assumptions, findings, and recommendations, and an overview of the projected financial position of Miami Shores Village’s (the “Village”) solid waste collection system (the “System”). The rate recommendations of this study are based on the financial projections developed for the System. EXISTING SERVICE AND RATES The Village provides solid waste collection service to all residential customers and commercial establishments within the Village. Customers receiving can service receive twice weekly garbage, once weekly recycling, and bulk waste collection. Customers receiving container (i.e., dumpster) service have a variety of options regarding container size and collection frequency (e.g., 2 cubic yard container collected two times per week). Solid waste collection services are billed annually by Miami-Dade County as a non-ad valorem assessment. Below are the Village's existing rates for solid waste service, which have not been adjusted since Fiscal Year 2008. Existing Annual Rates for Solid Waste Can Service Service Type Existing Rate Single Family (two cans) $705.53 Duplex (two cans) 705.53 Apartments, Condos, Townhomes (per can) 375.00 Commercial (per can) 170.95 Hotels and Motels – One to Four Units 420.00 Existing Annual Rates for Solid Waste Container Service Service Type Once Weekly Twice Weekly Daily Apartments, Condos, Townhomes One Yard Container $1,259.90 $2,519.85 $5,039.75 Two Yard Container 1,681.75 3,363.50 6,756.00 Commercial One Yard Container $1,025.50 $2,051.00 $4,102.00 Two Yard Container 1,368.85 2,737.65 5,499.00 (Remainder of page intentionally left blank) K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -2- CUSTOMER AND REVENUE PROJECTIONS During Fiscal Year 2018, the Village billed an average of approximately 3,600 solid waste accounts. A summary of the actual number of accounts served for Fiscal Year 2018 is shown below. Historical Customer Statistics – FY 2018 Customer Classification Equivalent Billing Units Single Family 3,178 Duplex 62 Multifamily/Condo/Townhouse 273 Commercial 110 Total System 3,623 As can be derived from the Fiscal Year 2018 data shown above, approximately 97% of the solid waste customer accounts are classified as residential while approximately 3% of the solid waste accounts are non-residential. Based on discussions with Village staff, the service area is built out and therefore, it is not projected that the Village will incur any customer growth, residential or commercial, throughout the Study Period. As a result, it is projected that solid waste collection revenues will be approximately $2.6 million per year for the Study Period at existing rates. It should be noted that projected collection revenues are net of the early prepayment discount of up to four percent (4%) per Florida Statutes, Chapter 197.162 and a one percent (1%) charge from Miami-Dade County for administering the assessment. Table 1 at the end of this report details the solid waste customer projections and collection revenues assumed in the study. REVENUE REQUIREMENTS The various components of cost associated with operating and maintaining a municipally owned solid waste collection system, as well as the cost of financing the renewal and replacement of vehicles and equipment, are generally referred to as the cash revenue requirements. The sum of these cost components, after adjusting for other income and other operating revenues available to the System, represents the net revenue requirements to be recovered from solid waste collection rates. Gross Revenues Gross Revenue Requirements Rate-Funded Capital Transfers Operating Expenses Interest Income Fines Assessment Revenues Figure 1. Net Revenue Requirements Other Revenue Requirements K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -3- The projected revenue requirements include the various generalized cost components described below: ● Operating Expenses: Includes the cost of disposal service paid to Miami-Dade County and Waste Management, labor and personnel related costs, contractual services, vehicle and fleet maintenance, utilities, operating supplies, equipment repairs and maintenance, and other items necessary for the provision of solid waste collection services. ● Other Revenue Requirements: Includes, in general, any recurring capital improvements to be financed from revenues such as new or replacement vehicles, transfers to the Village’s general fund, and transfers to cash reserves if necessary, to maintain minimum reserve balances. PRINCIPAL ASSUMPTIONS AND CONSIDERATIONS The projected cash revenue requirements, as shown on Table 6 reflect certain assumptions, considerations, and analyses. The major assumptions, considerations and analyses that are included in the development of the projected revenue requirements for the Study Period are as follows: 1. The Fiscal Year 2019 operating budget provided by the Village served as the basis for the expenditure projections set forth herein. Unless otherwise noted, the underlying assumptions and expenditure amounts included in the operating budgets are assumed to be reasonable and reflect anticipated operations. Such budgetary amounts are incorporated into the revenue requirement component of the study, except for adjustments and assumptions as noted hereunder. 2. Projected revenues from solid waste collection are based on the schedule of rates in effect as of the date of this report. Such rates are applied to the customer statistics previously discussed in this report and shown on Table 1. Table 1 also summarizes the projected rate revenue under existing rates for the Study Period. For Fiscal Year 2019, rate revenue from existing rates is projected to be approximately $2.6 million. 3. The operations and maintenance expenses budgeted for Fiscal Year 2019 for solid waste collection are projected for the remaining nine (9) years of the Study Period using various escalation factors. These escalation factors and the resulting operating cost projections are illustrated on Tables 2 and 3, respectively. The projected operating expenses were developed for the Study Period as follows: a. Based on discussions with the Village staff, labor- and personnel-related costs other than health insurance are projected to increase 3.0% annually. The cost of employee health insurance paid by the Village is escalated by 5.0 % annually to reflect higher increases, compared to general labor escalation, in insurance costs over the next several years. b. Budgeted Fiscal Year 2019 operating expenses such as communication services, operating supplies, and travel are projected to increase from current budgetary levels at an annual rate of inflation of approximately 2.4%. The forecast of inflation was based upon Consumer Price Index for All Urban Consumers ("CPI") forecasts prepared by the Congressional Budget Office ("CBO") as contained in "The Budget and Economic Outlook: 2019 to 2029" report and was published in January 2019. K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -4- c. The cost of solid waste vehicle and equipment repairs are projected to increase by 6.0% annually based on recent historical expenditure discussions with Village staff. d. The Village disposes of waste at facilities owned by Miami-Dade County and Waste Management and is charged disposal or tipping fees. Additionally, in Fiscal Year 2018 the recycling processing fee charged to the Village increased from $35 to $85 per ton due to current recycling market conditions. Tipping fees charged for the disposal of solid waste and recycling processing fees currently account for approximately 26% of total System operating expenses and are projected to increase 3.0% annually. 4. The projected capital expenditures for the solid waste collection system are based on capital plans provided by and discussions with Village staff. The plan assumes that the cost of new and replacement vehicles is projected to increase in cost by 8.0% per year. The System is projected to spend $360,000 per year on average for vehicle and equipment replacement. 5. The Fiscal Year 2019 budget includes transfers to the Village's general fund of approximately $350,000 to cover the System's allocated administrative cost. Based on discussions with staff, the indirect transfers are projected to remain constant throughout the Study Period. 6. The solid waste system should have adequate cash reserves in order to meet day-to-day funding needs as well as to cover any unexpected fluctuations in expenditures. Based on discussions with Village staff, a minimum fund balance equal to 90 days operating revenues is targeted during the Study Period. A summary of the Village's cash balances throughout the Study Period is shown on Table 5. 7. Amounts associated with depreciation and amortization expenses have not been recognized in this analysis. While a component of the enterprise fund's income statement, these expenditures are non-cash in nature and are not considered as revenue requirements for rate- making purposes under a publicly-owned utility system basis (publicly-owned utilities' rates $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Figure 2. Ending Cash Balances Investment Fund Operating Fund 90 Days of Rate Revenues 120 Days of Rate Revenues K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -5- are based on an expenditure basis). Therefore, such depreciation amounts have not been recognized as revenue requirements to be recovered from rates for the Study Period. However, the cash expenditures to fund capital needs, including vehicle replacements, have been included in the forecast as discussed in item 4. SUMMARY OF NET REVENUE REQUIREMENTS Based upon the assumptions used to prepare the System's financial forecast regarding operating expenses, capital requirements, general fund transfers, and rate increases, the projected net revenue requirements of the System that are estimated to be recovered from user rates are summarized on Figure 3. As can be seen in Figure 3, the projected net revenue requirements estimated to be recovered from solid waste rates for the Study Period are anticipated to increase from $2.8 million to $4.1 million, which is an increase of approximately 5.2% per year. The primary reasons for these increases are: i) projected inflationary increases in operating and capital expenditures; and ii) increased landfill disposal and recycling processing fees. ADEQUACY OF SOLID WASTE RATE REVENUES As shown on Table 6, based on the forecast of sales and revenues for the solid waste system and the assumptions and considerations set forth herein with respect to the estimation of System net revenue requirements, the System-wide rate adjustments are projected as follows: (Remainder of page intentionally left blank) $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Figure 3. Solid Waste System Revenue Requirements Total Operating Expenses Other Capital Funded from Rates Total Revenues at Existing Rates Total Revenues at Proposed Rates K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -6- Proposed Rate Adjustments Fiscal Year Percent 2020 15.0% 2021 15.0% 2022 3.0% 2023 3.0% 2024 3.0% 2025 3.0% 2026 3.0% 2027 3.0% 2028 3.0% Based on the proposed adjustments, the proposed solid waste system rates for service to be effective for Fiscal Years 2020 through 2028 are summarized on Table 8. The proposed rates for Fiscal Year 2020 are summarized as follows: Existing and Proposed Annual Rates for Solid Waste Can Service Service Type Existing 2019 Proposed 2020 Single Family (two cans) $705.53 $811.36 Duplex (two cans) 705.53 811.36 Apartments, Condos, Townhomes (each can) 375.00 431.25 Commercial (per can) 170.95 196.59 Hotels and Motels – One to Four Units 420.00 483.00 Existing and Proposed Annual Rates for Solid Waste Container Service Existing – Fiscal Year 2019 Proposed – Fiscal Year 2020 Service Type Once Weekly Twice Weekly Daily Once Weekly Twice Weekly Daily Apartments, Condos, Townhomes One Yard Container $1,259.90 $2,519.85 $5,039.75 $1,448.89 $2,897.83 $5,795.71 Two Yard Container 1,681.75 3,363.50 6,756.00 1,934.01 3,868.03 7,769.40 Commercial One Yard Container $1,025.50 $2,051.00 $4,102.00 $1,179.33 $2,358.65 $4,717.30 Two Yard Container 1,368.85 2,737.65 5,499.00 1,574.18 3,148.30 6,323.85 Solid Waste Rate Comparisons In order to provide additional information regarding the Village's proposed solid waste system rates, a comparison of the proposed fees for the Village and those charged by other neighboring solid waste entities was prepared. Table 7 at the end of this report summarizes solid waste rates charged by other communities with the proposed rates of the Village. As shown below, solid waste bills under the proposed Fiscal Year 2020 single family residential rates are above average when compared to the surveyed neighboring communities' average. Reasons for differences among rates K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -7- may be due to: i) the types and frequency of waste collection; ii) whether a system has automated collection service; iii) the fuel source for the vehicles; iv) disposal options and fees; v) density of the service area; and vi) the age of fleet and facilities. (Remainder of page intentionally left blank) $705.53 $811.36 Average: $472.64 $0.00 $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 $700.00 $800.00 $900.00 $1,000.00 Figure 4. Annual Residential Bill K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx -8- CONCLUSIONS AND RECOMMENDATIONS Based on our studies, assumptions, considerations, and analyses as summarized herein, we are of the opinion that: 1. The Village's existing rates for solid waste collection service are not projected to be sufficient to recover the projected System costs for the Study Period. 2. In order to meet the projected revenue requirements of the System, it is recommended that the Village consider rate adjustments of fifteen percent (15.0%) annually for Fiscal Years 2020 and 2021 followed by adjustments of three percent (3%) per year for Fiscal Years 2022 through 2028. A summary of the proposed rates for each fiscal year is shown on Table 8 at the end of this report. 3. Property value enhancement due to Village-wide collection and disposal of solid waste due to elimination of health hazards, promotion of cleanliness and safety, and aesthetics should exceed the overall cost of the assessments. Therefore, the service represents a special benefit as advised by the Village’s consulting attorney. 4. Proportionality of the assessments upon benefitted properties, as previously determined in Chapter 9 of the Village Code of Ordinances, has been preserved. 5. The existing and proposed Fiscal Year 2020 residential rates are above average with rates charged by neighboring communities. However, there can be significant differences in the level of service provided that account for such differences in rates among neighboring communities. 6. The Village should periodically review the adequacy of solid waste rates over the course of the Study Period to ensure revenue sufficiency in subsequent years. K:\NS\1254-01\Rpt\2019 Solid Waste Rate Study Rpt (Final).docx MIAMI SHORES VILLAGE 2019 SOLID WASTE RATE STUDY LIST OF TABLES Table No. Description 1 Projected Collection Customers and Revenues Under Existing Rates 2 Summary of Projected Escalation Factors 3 Projection of Solid Waste Operating Expenses 4 Capital Improvement Program Funding Plan 5 Projection of Ending Cash Balances and Interest Income 6 Projected Solid Waste System Revenue Requirements 7 Comparison of Residential Solid Waste Rates 8 Summary of Proposed Solid Waste Rates Page 1 of 4 Ta b l e 1 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Pr o j e c t e d C o l l e c t i o n C u s t o m e r s a nd R e v e n u e s U n d e r E x i s t i n g R a t e s Li n e Fi s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , No . D e s c r i p t i o n 2 0 1 9 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 RE S I D E N T I A L Si n g l e F a m i l y Tw o ( 2 ) 3 0 G a l C a n s 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 1 A v e r a g e N u m b e r o f B i l l i n g U n i t s 3 , 1 7 8 3 , 1 7 8 3 , 1 7 8 3 , 1 7 8 3 , 1 7 8 3 , 1 7 8 3 ,1 7 8 3 , 1 7 8 3 , 1 7 8 3 , 1 7 8 2 C o l l e c t i o n F e e $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 3 T o t a l S i n g l e F a m i l y C o l l e c t i o n R e v e n u e $ 2 , 2 4 2 , 1 7 4 $ 2 , 2 4 2 , 1 7 4 $ 2 , 2 42 , 1 7 4 $ 2 , 2 4 2 , 1 7 4 $ 2 , 2 4 2 , 1 7 4 $ 2 , 2 4 2 , 1 7 4 $ 2 , 2 4 2 , 1 7 4 $ 2 , 2 4 2 , 1 7 4 $ 2 , 2 4 2 , 174$2,242,174 Du p l e x Tw o ( 2 ) 3 0 G a l C a n s 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 4 A v e r a g e N u m b e r o f B i l l i n g U n i t s 6 2 6 2 6 2 6 2 6 2 6 2 6 2 6 2 6 2 6 2 5 C o l l e c t i o n F e e $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 $ 7 0 5 . 5 3 6 T o t a l D u p l e x C o l l e c t i o n R e v e n u e $ 4 3 , 7 4 3 $ 4 3 , 7 4 3 $ 4 3 , 7 4 3 $ 4 3 , 7 4 3 $ 4 3 ,7 4 3 $ 4 3 , 7 4 3 $ 4 3 , 7 4 3 $ 4 3 , 7 4 3 $ 4 3 , 7 4 3 $ 4 3 , 7 4 3 Mu l t i f a m i l y - C o n d o - T o w n h o u s e On e ( 1 ) 3 0 G a l C a n 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 7 A v e r a g e N u m b e r o f B i l l i n g U n i t s 1 0 5 1 0 5 1 0 5 1 0 5 1 0 5 1 0 5 1 0 5 1 0 5 1 0 5 1 0 5 8 C o l l e c t i o n F e e $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 9 C o l l e c t i o n R e v e n u e $ 3 9 , 3 7 5 $ 3 9 , 3 7 5 $ 3 9 , 3 7 5 $ 3 9 , 3 7 5 $ 3 9 , 3 7 5 $ 3 9 , 3 7 5 $ 3 9, 3 7 5 $ 3 9 , 3 7 5 $ 3 9 , 3 7 5 $ 3 9 , 3 7 5 On e ( 1 ) 3 0 G a l C a n 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 10 A v e r a g e N u m b e r o f B i l l i n g U n i t s 1 5 7 1 5 7 1 5 7 1 5 7 1 5 7 1 5 7 1 5 7 1 5 7 1 5 7 1 5 7 11 C o l l e c t i o n F e e $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 00 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 $ 3 7 5 . 0 0 12 C o l l e c t i o n R e v e n u e $ 5 8 , 8 7 5 $ 5 8 , 8 7 5 $ 5 8 , 8 7 5 $ 5 8 , 8 7 5 $ 5 8 , 8 7 5 $ 5 8 , 8 7 5 $ 58 , 8 7 5 $ 5 8 , 8 7 5 $ 5 8 , 8 7 5 $ 5 8 , 8 7 5 On e ( 1 ) 2 y d 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 13 A v e r a g e N u m b e r o f B i l l i n g U n i t s 33 3 3 3 3 3 3 3 3 14 C o l l e c t i o n F e e $ 3 , 3 6 3 . 5 0 $ 3 , 3 6 3 . 5 0 $ 3 , 3 6 3 . 5 0 $ 3 , 3 6 3 . 5 0 $ 3 , 3 6 3 . 5 0 $ 3 ,3 6 3 . 5 0 $ 3 , 3 6 3 . 5 0 $ 3 , 3 6 3 . 5 0 $ 3 , 3 6 3 . 5 0 $ 3 , 3 6 3 . 5 0 15 C o l l e c t i o n R e v e n u e $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 10 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 On e ( 1 ) 1 y d 6 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 16 A v e r a g e N u m b e r o f B i l l i n g U n i t s 11 1 1 1 1 1 1 1 1 17 C o l l e c t i o n F e e $ 5 , 0 3 9 . 7 5 $ 5 , 0 3 9 . 7 5 $ 5 , 0 3 9 . 7 5 $ 5 , 0 3 9 . 7 5 $ 5 , 0 3 9 . 7 5 $ 5 ,0 3 9 . 7 5 $ 5 , 0 3 9 . 7 5 $ 5 , 0 3 9 . 7 5 $ 5 , 0 3 9 . 7 5 $ 5 , 0 3 9 . 7 5 18 C o l l e c t i o n R e v e n u e $ 5 , 0 4 0 $ 5 , 0 4 0 $ 5 , 0 4 0 $ 5 , 0 4 0 $ 5 , 0 4 0 $ 5 , 0 4 0 $ 5 , 0 4 0 $ 5,040$5,040$5,040 Page 2 of 4 Ta b l e 1 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Pr o j e c t e d C o l l e c t i o n C u s t o m e r s a nd R e v e n u e s U n d e r E x i s t i n g R a t e s Li n e Fi s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , No . D e s c r i p t i o n 2 0 1 9 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 On e ( 1 ) 2 y d 6 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 19 A v e r a g e N u m b e r o f B i l l i n g U n i t s 11 1 1 1 1 1 1 1 1 20 C o l l e c t i o n F e e $ 6 , 7 5 6 . 0 0 $ 6 , 7 5 6 . 0 0 $ 6 , 7 5 6 . 0 0 $ 6 , 7 5 6 . 0 0 $ 6 , 7 5 6 . 0 0 $ 6 ,7 5 6 . 0 0 $ 6 , 7 5 6 . 0 0 $ 6 , 7 5 6 . 0 0 $ 6 , 7 5 6 . 0 0 $ 6 , 7 5 6 . 0 0 21 C o l l e c t i o n R e v e n u e $ 6 , 7 5 6 $ 6 , 7 5 6 $ 6 , 7 5 6 $ 6 , 7 5 6 $ 6 , 7 5 6 $ 6 , 7 5 6 $ 6 , 7 5 6 $ 6,756$6,756$6,756 On e ( 1 ) 2 y d 3 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 22 A v e r a g e N u m b e r o f B i l l i n g U n i t s 22 2 2 2 2 2 2 2 2 23 C o l l e c t i o n F e e $ 5 , 0 4 5 . 2 5 $ 5 , 0 4 5 . 2 5 $ 5 , 0 4 5 . 2 5 $ 5 , 0 4 5 . 2 5 $ 5 , 0 4 5 . 2 5 $ 5 ,0 4 5 . 2 5 $ 5 , 0 4 5 . 2 5 $ 5 , 0 4 5 . 2 5 $ 5 , 0 4 5 . 2 5 $ 5 , 0 4 5 . 2 5 24 C o l l e c t i o n R e v e n u e $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 10 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 $ 1 0 , 0 9 1 Ei g h t ( 8 ) 2 y d 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 25 A v e r a g e N u m b e r o f B i l l i n g U n i t s 11 1 1 1 1 1 1 1 1 26 C o l l e c t i o n F e e $ 2 6 , 9 0 8 . 0 0 $ 2 6 , 9 0 8 . 0 0 $ 2 6 , 9 0 8 . 0 0 $ 2 6 , 9 0 8 . 0 0 $ 2 6 , 9 0 8 .0 0 $ 2 6 , 9 0 8 . 0 0 $ 2 6 , 9 0 8 . 0 0 $ 2 6 , 9 0 8 . 0 0 $ 2 6 , 9 0 8 . 0 0 $ 2 6 , 9 0 8 . 0 0 27 C o l l e c t i o n R e v e n u e $ 2 6 , 9 0 8 $ 2 6 , 9 0 8 $ 2 6 , 9 0 8 $ 2 6 , 9 0 8 $ 2 6 , 9 0 8 $ 2 6 , 9 0 8 $ 26 , 9 0 8 $ 2 6 , 9 0 8 $ 2 6 , 9 0 8 $ 2 6 , 9 0 8 Tw o ( 2 ) 2 y d 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 28 A v e r a g e N u m b e r o f B i l l i n g U n i t s 11 1 1 1 1 1 1 1 1 29 C o l l e c t i o n F e e $ 6 , 7 2 7 . 0 0 $ 6 , 7 2 7 . 0 0 $ 6 , 7 2 7 . 0 0 $ 6 , 7 2 7 . 0 0 $ 6 , 7 2 7 . 0 0 $ 6 ,7 2 7 . 0 0 $ 6 , 7 2 7 . 0 0 $ 6 , 7 2 7 . 0 0 $ 6 , 7 2 7 . 0 0 $ 6 , 7 2 7 . 0 0 30 C o l l e c t i o n R e v e n u e $ 6 , 7 2 7 $ 6 , 7 2 7 $ 6 , 7 2 7 $ 6 , 7 2 7 $ 6 , 7 2 7 $ 6 , 7 2 7 $ 6 , 7 2 7 $ 6,727$6,727$6,727 On e ( 1 ) 2 y d 1 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 31 A v e r a g e N u m b e r o f B i l l i n g U n i t s 11 1 1 1 1 1 1 1 1 32 C o l l e c t i o n F e e $ 1 , 6 8 1 . 7 5 $ 1 , 6 8 1 . 7 5 $ 1 , 6 8 1 . 7 5 $ 1 , 6 8 1 . 7 5 $ 1 , 6 8 1 . 7 5 $ 1 ,6 8 1 . 7 5 $ 1 , 6 8 1 . 7 5 $ 1 , 6 8 1 . 7 5 $ 1 , 6 8 1 . 7 5 $ 1 , 6 8 1 . 7 5 33 C o l l e c t i o n R e v e n u e $ 1 , 6 8 2 $ 1 , 6 8 2 $ 1 , 6 8 2 $ 1 , 6 8 2 $ 1 , 6 8 2 $ 1 , 6 8 2 $ 1 , 6 8 2 $ 1,682$1,682$1,682 On e ( 1 ) 1 y d 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 34 A v e r a g e N u m b e r o f B i l l i n g U n i t s 11 1 1 1 1 1 1 1 1 35 C o l l e c t i o n F e e $ 2 , 5 1 9 . 8 5 $ 2 , 5 1 9 . 8 5 $ 2 , 5 1 9 . 8 5 $ 2 , 5 1 9 . 8 5 $ 2 , 5 1 9 . 8 5 $ 2 ,5 1 9 . 8 5 $ 2 , 5 1 9 . 8 5 $ 2 , 5 1 9 . 8 5 $ 2 , 5 1 9 . 8 5 $ 2 , 5 1 9 . 8 5 36 C o l l e c t i o n R e v e n u e $ 2 , 5 2 0 $ 2 , 5 2 0 $ 2 , 5 2 0 $ 2 , 5 2 0 $ 2 , 5 2 0 $ 2 , 5 2 0 $ 2 , 5 2 0 $ 2,520$2,520$2,520 To t a l M u l t i - f a m i l y / C o n d o / T o w n h o u s e $ 1 6 8 , 0 6 3 $ 1 6 8 , 0 6 3 $ 1 6 8 , 0 6 3 $ 16 8 , 0 6 3 $ 1 6 8 , 0 6 3 $ 1 6 8 , 0 6 3 $ 1 6 8 , 0 6 3 $ 1 6 8 , 0 6 3 $ 1 6 8 , 0 6 3 $ 1 6 8 , 0 6 3 Su b t o t a l R e s i d e n i t a l C o l l e c t i o n R e v e n u e $ 2 , 4 5 3 , 9 8 1 $ 2 , 4 5 3 , 9 8 1 $ 2 , 4 53 , 9 8 1 $ 2 , 4 5 3 , 9 8 1 $ 2 , 4 5 3 , 9 8 1 $ 2 , 4 5 3 , 9 8 1 $ 2 , 4 5 3 , 9 8 1 $ 2 , 4 5 3 , 9 8 1 $ 2 , 4 5 3 , 981$2,453,981 37 E a r l y P r e - p a y m e n t D i s c o u n t a nd B i l l i n g P e r c e n t 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 4. 2 5 % 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 38 E a r l y P r e - p a y m e n t D i s c o u n t A m o u n t ( $ 1 0 4 , 2 9 4 ) ( $ 1 0 4 , 2 9 4 ) ( $ 1 0 4 , 2 9 4) ( $ 1 0 4 , 2 9 4 ) ( $ 1 0 4 , 2 9 4 ) ( $ 1 0 4 , 2 9 4 ) ( $ 1 0 4 , 2 9 4 ) ( $ 1 0 4 , 2 9 4 ) ( $ 1 0 4 , 2 9 4 ) ( $104,294) 39 To t a l R e s i d e n t i a l R e v e n u e $2 , 3 4 9 , 6 8 6 $ 2 , 3 4 9 , 6 8 6 $ 2 , 3 4 9 , 6 8 6 $ 2 , 3 4 9 , 6 8 6 $ 2 , 3 4 9 , 6 8 6 $ 2 , 3 4 9 , 6 8 6 $ 2 , 34 9 , 6 8 6 $ 2 , 3 4 9 , 6 8 6 $ 2 , 3 4 9 , 6 8 6 $ 2 , 3 4 9 , 6 8 6 Page 3 of 4 Ta b l e 1 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Pr o j e c t e d C o l l e c t i o n C u s t o m e r s a nd R e v e n u e s U n d e r E x i s t i n g R a t e s Li n e Fi s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , No . D e s c r i p t i o n 2 0 1 9 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 CO M M E R C I A L On e ( 1 ) 3 0 G a l C a n s 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 40 A v e r a g e N u m b e r o f B i l l i n g U n i t s 33 3 3 3 3 3 3 3 3 41 C o l l e c t i o n F e e $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 95 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 42 C o m m e r c i a l O n e ( 1 ) 3 0 G a l C a n s 2 x p e r w e e k C o l l e c t i o n R e v e n u e $5 1 3 $ 5 1 3 $ 5 1 3 $ 5 1 3 $ 5 1 3 $ 5 1 3 $ 5 1 3 $ 5 1 3 $ 5 1 3 $ 5 1 3 $6 9 . 0 0 Pr i v a t e S e r v i c e / O u t s i d e H a u l e r 3 Customer Growth 0 0 0 0 0 0 0 0 0 0 43 A v e r a g e N u m b e r o f B i l l i n g U n i t s 1 9 1 9 1 9 1 9 1 9 1 9 1 9 1 9 1 9 1 9 44 C o l l e c t i o n F e e $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 85 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 45 C o m m e r c i a l P r i v a t e S e r v i c e / O u t s i d e H a u l e r C o l l e c t i o n R e v e n u e $ 6, 4 9 5 $ 6 , 4 9 5 $ 6 , 4 9 5 $ 6 , 4 9 5 $ 6 , 4 9 5 $ 6 , 4 9 5 $ 6 , 4 9 5 $ 6 , 4 9 5 $ 6 , 4 9 5 $ 6 , 4 9 5 Tw o ( 2 ) 3 0 G a l C a n s 2 x p e r w e e k 38 . 0 0 Customer Growth 0 0 0 0 0 0 0 0 0 0 46 A v e r a g e N u m b e r o f B i l l i n g U n i t s 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 47 C o l l e c t i o n F e e $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 85 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 $ 3 4 1 . 8 5 48 C o m m e r c i a l T w o ( 2 ) 3 0 G a l C a n s 2 x p e r w e e k C o l l e c t i o n R e v e n u e $4 , 1 0 2 $ 4 , 1 0 2 $ 4 , 1 0 2 $ 4 , 1 0 2 $ 4 , 1 0 2 $ 4 , 1 0 2 $ 4 , 1 0 2 $ 4 , 1 0 2 $ 4 , 1 0 2 $ 4 , 1 0 2 On e ( 1 ) 3 0 G a l C a n 2 x p e r w e e k 24 Customer Growth 0 0 0 0 0 0 0 0 0 0 49 A v e r a g e N u m b e r o f B i l l i n g U n i t s 44 4 4 4 4 4 4 4 4 50 C o l l e c t i o n F e e $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 95 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 $ 1 7 0 . 9 5 51 C o m m e r c i a l O n e ( 1 ) 3 0 G a l C a n 2 x p e r w e e k C o l l e c t i o n R e v e n u e $ 68 4 $ 6 8 4 $ 6 8 4 $ 6 8 4 $ 6 8 4 $ 6 8 4 $ 6 8 4 $ 6 8 4 $ 6 8 4 $ 6 8 4 On e ( 1 ) 2 y d 2 x p e r w e e k 4 Customer Growth 0 0 0 0 0 0 0 0 0 0 52 A v e r a g e N u m b e r o f B i l l i n g U n i t s 1 9 1 9 1 9 1 9 1 9 1 9 1 9 1 9 1 9 1 9 53 C o l l e c t i o n F e e $ 2 , 7 3 7 . 6 5 $ 2 , 7 3 7 . 6 5 $ 2 , 7 3 7 . 6 5 $ 2 , 7 3 7 . 6 5 $ 2 , 7 3 7 . 6 5 $ 2 ,7 3 7 . 6 5 $ 2 , 7 3 7 . 6 5 $ 2 , 7 3 7 . 6 5 $ 2 , 7 3 7 . 6 5 $ 2 , 7 3 7 . 6 5 54 C o m m e r c i a l O n e ( 1 ) 2 y d 2 x p e r w e e k C o l l e c t i o n R e v e n u e $ 5 2 , 0 1 5 $ 52 , 0 1 5 $ 5 2 , 0 1 5 $ 5 2 , 0 1 5 $ 5 2 , 0 1 5 $ 5 2 , 0 1 5 $ 5 2 , 0 1 5 $ 5 2 , 0 1 5 $ 5 2 , 0 1 5 $ 5 2 , 0 1 5 On e ( 1 ) 1 y d 6 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 55 A v e r a g e N u m b e r o f B i l l i n g U n i t s 22 2 2 2 2 2 2 2 2 56 C o l l e c t i o n F e e $ 4 , 1 0 2 . 0 0 $ 4 , 1 0 2 . 0 0 $ 4 , 1 0 2 . 0 0 $ 4 , 1 0 2 . 0 0 $ 4 , 1 0 2 . 0 0 $ 4 ,1 0 2 . 0 0 $ 4 , 1 0 2 . 0 0 $ 4 , 1 0 2 . 0 0 $ 4 , 1 0 2 . 0 0 $ 4 , 1 0 2 . 0 0 57 C o m m e r c i a l O n e ( 1 ) 1 y d 6 x p e r w e e k C o l l e c t i o n R e v e n u e $ 8 , 2 0 4 $ 8 ,2 0 4 $ 8 , 2 0 4 $ 8 , 2 0 4 $ 8 , 2 0 4 $ 8 , 2 0 4 $ 8 , 2 0 4 $ 8 , 2 0 4 $ 8 , 2 0 4 $ 8 , 2 0 4 On e ( 1 ) 2 y d 6 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 58 A v e r a g e N u m b e r o f B i l l i n g U n i t s 2 3 2 3 2 3 2 3 2 3 2 3 2 3 2 3 2 3 2 3 59 C o l l e c t i o n F e e $ 5 , 4 9 9 . 0 0 $ 5 , 4 9 9 . 0 0 $ 5 , 4 9 9 . 0 0 $ 5 , 4 9 9 . 0 0 $ 5 , 4 9 9 . 0 0 $ 5 ,4 9 9 . 0 0 $ 5 , 4 9 9 . 0 0 $ 5 , 4 9 9 . 0 0 $ 5 , 4 9 9 . 0 0 $ 5 , 4 9 9 . 0 0 60 C o m m e r c i a l O n e ( 1 ) 2 y d 6 x p e r w e e k C o l l e c t i o n R e v e n u e $ 1 2 6 , 4 7 7 $1 2 6 , 4 7 7 $ 1 2 6 , 4 7 7 $ 1 2 6 , 4 7 7 $ 1 2 6 , 4 7 7 $ 1 2 6 , 4 7 7 $ 1 2 6 , 4 7 7 $ 1 2 6 , 4 7 7 $ 1 2 6 , 4 7 7$126,477 Page 4 of 4 Ta b l e 1 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Pr o j e c t e d C o l l e c t i o n C u s t o m e r s a nd R e v e n u e s U n d e r E x i s t i n g R a t e s Li n e Fi s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , No . D e s c r i p t i o n 2 0 1 9 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 On e ( 1 ) 3 0 G a l C a n 6 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 61 A v e r a g e N u m b e r o f B i l l i n g U n i t s 33 3 3 3 3 3 3 3 3 62 C o l l e c t i o n F e e $ 5 1 2 . 7 5 $ 5 1 2 . 7 5 $ 5 1 2 . 7 5 $ 5 1 2 . 7 5 $ 5 1 2 . 7 5 $ 5 1 2 . 7 5 $ 5 1 2 . 75 $ 5 1 2 . 7 5 $ 5 1 2 . 7 5 $ 5 1 2 . 7 5 63 C o m m e r c i a l O n e ( 1 ) 3 0 G a l C a n 6 x p e r w e e k C o l l e c t i o n R e v e n u e $ 1, 5 3 8 $ 1 , 5 3 8 $ 1 , 5 3 8 $ 1 , 5 3 8 $ 1 , 5 3 8 $ 1 , 5 3 8 $ 1 , 5 3 8 $ 1 , 5 3 8 $ 1 , 5 3 8 $ 1 , 5 3 8 On e ( 1 ) 1 y d 2 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 64 A v e r a g e N u m b e r o f B i l l i n g U n i t s 33 3 3 3 3 3 3 3 3 65 C o l l e c t i o n F e e $ 2 , 0 5 1 . 0 0 $ 2 , 0 5 1 . 0 0 $ 2 , 0 5 1 . 0 0 $ 2 , 0 5 1 . 0 0 $ 2 , 0 5 1 . 0 0 $ 2 ,0 5 1 . 0 0 $ 2 , 0 5 1 . 0 0 $ 2 , 0 5 1 . 0 0 $ 2 , 0 5 1 . 0 0 $ 2 , 0 5 1 . 0 0 66 C o m m e r c i a l O n e ( 1 ) 1 y d 2 x p e r w e e k C o l l e c t i o n R e v e n u e $ 6 , 1 5 3 $ 6 ,1 5 3 $ 6 , 1 5 3 $ 6 , 1 5 3 $ 6 , 1 5 3 $ 6 , 1 5 3 $ 6 , 1 5 3 $ 6 , 1 5 3 $ 6 , 1 5 3 $ 6 , 1 5 3 On e ( 1 ) 1 y d 1 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 67 A v e r a g e N u m b e r o f B i l l i n g U n i t s 22 2 2 2 2 2 2 2 2 68 C o l l e c t i o n F e e $ 1 , 0 2 5 . 5 0 $ 1 , 0 2 5 . 5 0 $ 1 , 0 2 5 . 5 0 $ 1 , 0 2 5 . 5 0 $ 1 , 0 2 5 . 5 0 $ 1 ,0 2 5 . 5 0 $ 1 , 0 2 5 . 5 0 $ 1 , 0 2 5 . 5 0 $ 1 , 0 2 5 . 5 0 $ 1 , 0 2 5 . 5 0 69 C o m m e r c i a l O n e ( 1 ) 1 y d 1 x p e r w e e k C o l l e c t i o n R e v e n u e $ 2 , 0 5 1 $ 2 ,0 5 1 $ 2 , 0 5 1 $ 2 , 0 5 1 $ 2 , 0 5 1 $ 2 , 0 5 1 $ 2 , 0 5 1 $ 2 , 0 5 1 $ 2 , 0 5 1 $ 2 , 0 5 1 On e ( 1 ) 2 y d 1 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 70 A v e r a g e N u m b e r o f B i l l i n g U n i t s 55 5 5 5 5 5 5 5 5 71 C o l l e c t i o n F e e $ 1 , 3 6 8 . 8 5 $ 1 , 3 6 8 . 8 5 $ 1 , 3 6 8 . 8 5 $ 1 , 3 6 8 . 8 5 $ 1 , 3 6 8 . 8 5 $ 1 ,3 6 8 . 8 5 $ 1 , 3 6 8 . 8 5 $ 1 , 3 6 8 . 8 5 $ 1 , 3 6 8 . 8 5 $ 1 , 3 6 8 . 8 5 72 C o m m e r c i a l O n e ( 1 ) 2 y d 1 x p e r w e e k C o l l e c t i o n R e v e n u e $ 6 , 8 4 4 $ 6 ,8 4 4 $ 6 , 8 4 4 $ 6 , 8 4 4 $ 6 , 8 4 4 $ 6 , 8 4 4 $ 6 , 8 4 4 $ 6 , 8 4 4 $ 6 , 8 4 4 $ 6 , 8 4 4 On e ( 1 ) 2 y d 3 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 76 A v e r a g e N u m b e r o f B i l l i n g U n i t s 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 77 C o l l e c t i o n F e e $ 4 , 1 0 6 . 0 0 $ 4 , 1 0 6 . 0 0 $ 4 , 1 0 6 . 0 0 $ 4 , 1 0 6 . 0 0 $ 4 , 1 0 6 . 0 0 $ 4 ,1 0 6 . 0 0 $ 4 , 1 0 6 . 0 0 $ 4 , 1 0 6 . 0 0 $ 4 , 1 0 6 . 0 0 $ 4 , 1 0 6 . 0 0 78 C o m m e r c i a l O n e ( 1 ) 2 y d 3 x p e r w e e k C o l l e c t i o n R e v e n u e $ 4 9 , 2 7 2 $ 49 , 2 7 2 $ 4 9 , 2 7 2 $ 4 9 , 2 7 2 $ 4 9 , 2 7 2 $ 4 9 , 2 7 2 $ 4 9 , 2 7 2 $ 4 9 , 2 7 2 $ 4 9 , 2 7 2 $ 4 9 , 2 7 2 On e ( 1 ) 3 0 G a l C a n 3 x p e r w e e k Customer Growth 0 0 0 0 0 0 0 0 0 0 79 A v e r a g e N u m b e r o f B i l l i n g U n i t s 33 3 3 3 3 3 3 3 3 80 C o l l e c t i o n F e e $ 2 5 6 . 3 8 $ 2 5 6 . 3 8 $ 2 5 6 . 3 8 $ 2 5 6 . 3 8 $ 2 5 6 . 3 8 $ 2 5 6 . 3 8 $ 2 5 6 . 38 $ 2 5 6 . 3 8 $ 2 5 6 . 3 8 $ 2 5 6 . 3 8 81 C o m m e r c i a l O n e ( 1 ) 3 0 G a l C a n 3 x p e r w e e k C o l l e c t i o n R e v e n u e $ 76 9 $ 7 6 9 $ 7 6 9 $ 7 6 9 $ 7 6 9 $ 7 6 9 $ 7 6 9 $ 7 6 9 $ 7 6 9 $ 7 6 9 82 S u b t o t a l C o m m e r c i a l C o l l e c t i o n R e v e n u e s $ 2 6 5 , 1 1 8 $ 2 6 5 , 1 1 8 $ 2 6 5 , 1 18 $ 2 6 5 , 1 1 8 $ 2 6 5 , 1 1 8 $ 2 6 5 , 1 1 8 $ 2 6 5 , 1 1 8 $ 2 6 5 , 1 1 8 $ 2 6 5 , 1 1 8 $ 2 6 5 , 1 1 8 83 E a r l y P r e - p a y m e n t D i s c o u n t a nd B i l l i n g P e r c e n t 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 4. 2 5 % 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 4 . 2 5 % 84 E a r l y P r e - p a y m e n t D i s c o u n t A m o u n t ( $ 1 1 , 2 6 8 ) ( $ 1 1 , 2 6 8 ) ( $ 1 1 , 2 6 8 ) ( $1 1 , 2 6 8 ) ( $ 1 1 , 2 6 8 ) ( $ 1 1 , 2 6 8 ) ( $ 1 1 , 2 6 8 ) ( $ 1 1 , 2 6 8 ) ( $ 1 1 , 2 6 8 ) ( $ 1 1 , 2 6 8 ) 85 To t a l C o m m e r c i a l W a s t e R e v e n u e $2 5 3 , 8 5 0 $ 2 5 3 , 8 5 0 $ 2 5 3 , 8 5 0 $ 2 5 3 , 8 5 0 $ 2 5 3 , 8 5 0 $ 2 5 3 , 8 5 0 $ 2 5 3 , 8 5 0 $ 2 5 3 , 8 5 0$253,850$253,850 86 TO T A L S O L I I D W A S T E R A T E R E V E N U E $2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 60 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 Page 1 of 1 Ta b l e 2 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Su m m a r y o f P r o j e c t e d E s c a l a t i o n F a c t o r s Li n e E s c a l a t i o n F i s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , No . D e s c r i p t i o n R e f e r e n c e 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 Ex p e n s e a n d R e v e n u e F a c t o r s 1 G e n e r a l I n f l a t i o n ( C P I ) [ 1 ] I n f l a t i o n 1 . 0 2 4 0 1 . 0 2 6 0 1 . 0 2 5 0 1 . 0 2 5 0 1 . 02 4 0 1 . 0 2 4 0 1 . 0 2 4 0 1 . 0 2 4 0 1 . 0 2 4 0 2 L a b o r a n d B e n e f i t s [ 2 ] L a b o r 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 3 C o n t r a c t u a l S e r v i c e s C o n t r a c t u a l 1 . 0 4 0 0 1 . 0 4 0 0 1 . 0 4 0 0 1 . 0 4 0 0 1 . 0 4 0 0 1 .0 4 0 0 1 . 0 4 0 0 1 . 0 4 0 0 1 . 0 4 0 0 4 H e a l t h I n s u r a n c e [ 2 ] H e a l t h - I n s 1 . 0 5 0 0 1 . 0 5 0 0 1 . 0 5 0 0 1 . 0 5 0 0 1 . 0 5 0 0 1 . 05 0 0 1 . 0 5 0 0 1 . 0 5 0 0 1 . 0 5 0 0 5 R e p a i r a n d M a i n t e n a n c e [ 2 ] R e p a i r 1 . 0 6 0 0 1 . 0 6 0 0 1 . 0 6 0 0 1 . 0 6 0 0 1 . 0 6 0 0 1. 0 6 0 0 1 . 0 6 0 0 1 . 0 6 0 0 1 . 0 6 0 0 6 C o n s t a n t C o n s t a n t 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 001.0000 7 E l i m i n a t e E l i m i n a t e 0 . 0 0 0 0 0 . 0 0 0 0 0 . 0 0 0 0 0 . 0 0 0 0 0 . 0 0 0 0 0 . 0 0 0 0 0 . 0 0 0 0 0 . 00000.0000 8 T i p p i n g F e e s D i s p o s a l 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1 . 0 3 0 0 1.03001.0300 Cu m u l a t i v e C a p i t a l F a c t o r s [ 3 ] 9 I n f l a t i o n I n f l a t i o n 1 . 0 0 0 0 1 . 0 2 6 0 1 . 0 5 2 0 1 . 0 7 8 0 1 . 1 0 4 0 1 . 1 3 0 0 1 . 1 5 7 0 1 . 18501.2130 10 N o A s s u m e d E s c a l a t i o n N o n e 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1 . 0 0 0 0 1.00001.00001.0000 11 C a p i t a l O u t l a y O u t l a y 1 . 0 0 0 0 1 . 0 3 5 0 1 . 0 7 1 0 1 . 1 0 8 0 1 . 1 4 7 0 1 . 1 8 7 0 1 . 2 2 9 01.27201.3170 12 E N R I n d e x E N R 1 . 0 0 0 0 1 . 0 3 0 0 1 . 0 6 1 0 1 . 0 9 3 0 1 . 1 2 6 0 1 . 1 6 0 0 1 . 1 9 5 0 1 . 2 3 1 0 1 .2680 13 M a r g i n a l I n c r e a s e M a r g i n a l 1 . 0 0 0 0 1 . 0 1 0 0 1 . 0 2 0 0 1 . 0 3 0 0 1 . 0 4 0 0 1 . 0 5 0 0 1.06101.07201.0830 14 V e h i c l e s [ 2 ] V e h i c l e 1 . 0 0 0 0 1 . 0 8 0 0 1 . 1 6 6 0 1 . 2 5 9 0 1 . 3 6 0 0 1 . 4 6 9 0 1 . 5 8 7 0 1.71401.8510 Fo o t n o t e s : [1 ] E s t i m a t e d b a s e d o n p r o j e c t i o n s f r o m " B u d g e t a n d E c o n o m i c O u t lo o k : 2 0 1 8 t o 2 0 2 8 " , p u b l i s h e d b y t h e C o n g r e s s i o n a l B u d g e t O f f i ce i n J a n u a r y 2 0 1 9 . [2 ] B a s e d o n d i s c u s s i o n s w i t h C i t y s t a f f . [3 ] C a p i t a l e s c a l a t i o n f a c t o r s a r e n o t a s s u m e d f o r F i s c a l Y e a r 2 02 0 a s t h e p r o v i d e d c a p i t a l p l a n w a s d e v e l o p e d n e a r t h e s t a r t o f F i s c a l Y e a r 2 0 2 0 . Page 1 of 1 Ta b l e 3 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Pr o j e c t i o n o f S o l i d W a s t e O p e r a t i n g E x p e n s e s Li n e Ad j u s t e d E s c a l a t i o n F i s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , No . D e s c r i p t i o n 20 1 9 R e f e r e n c e 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 So l i d W a s t e U t i l i t y O p e r a t i n g E x p e n s e s Pe r s o n n e l S e r v i c e s : 1 R e g u l a r S a l a r i e s a n d W a g e s S a l a r i e s $ 7 5 1 , 9 1 7 L a b o r $ 7 7 4 , 4 7 5 $ 7 9 7 , 7 09 $ 8 2 1 , 6 4 0 $ 8 4 6 , 2 8 9 $ 8 7 1 , 6 7 8 $ 8 9 7 , 8 2 8 . 2 2 $ 9 2 4 , 7 6 3 $ 9 5 2 , 5 0 6 $ 9 8 1 , 0 8 1 2 O v e r t i m e 59 , 0 0 0 L a b o r 6 0 , 7 7 0 6 2 , 5 9 3 6 4 , 4 7 1 6 6 , 4 0 5 6 8 , 3 9 7 7 0 , 4 4 9 7 2 , 5 6 3 7 4 , 7 3 9 7 6 , 9 82 3 C o m p e n s a t e d A n n u a l L e a v e - V a c a t i o n 0 L a b o r 00 0 0 0 0 0 0 0 4 C o m p e n s a t e d C o m p e n s a t o r y L e a v e - L o n g e v i t y 1 2 , 5 0 0 L a b o r 1 2 , 8 7 5 1 3 , 26 1 1 3 , 6 5 9 1 4 , 0 6 9 1 4 , 4 9 1 1 4 , 9 2 6 1 5 , 3 7 3 1 5 , 8 3 5 1 6 , 3 1 0 5 C o m p e n s a t e d C o m p e n s a t o r y L e a v e - A c c u m u l a t e d L e a v e S e t t l e m e n t 8 ,0 0 0 L a b o r 8 , 2 4 0 8 , 4 8 7 8 , 7 4 2 9 , 0 0 4 9 , 2 7 4 9 , 5 5 2 9 , 8 3 9 1 0 , 1 3 4 1 0 , 4 3 8 6 P a y r o l l T a x e s E m p l o y e r F i c a a n d M e d i c a r e 6 2 , 0 3 4 L a b o r 6 3 , 8 9 5 6 5 , 8 1 2 6 7 , 7 8 6 6 9 , 8 2 0 7 1 , 9 1 4 7 4 , 0 7 2 7 6 , 2 9 4 7 8 , 5 8 3 8 0 , 9 4 0 7 R e t i r e m e n t C o n t r i b u t i o n s P e n s i o n C o n t r i b u t i o n 6 8 , 5 4 5 L a b o r 7 0 , 6 0 1 72 , 7 1 9 7 4 , 9 0 1 7 7 , 1 4 8 7 9 , 4 6 2 8 1 , 8 4 6 8 4 , 3 0 2 8 6 , 8 3 1 8 9 , 4 3 6 8 L i f e a n d H e a l t h I n s u r a n c e - H e a l t h I n s u r a n c e 1 3 2 , 6 7 7 H e a l t h - I n s 1 39 , 3 1 1 1 4 6 , 2 7 6 1 5 3 , 5 9 0 1 6 1 , 2 7 0 1 6 9 , 3 3 3 1 7 7 , 8 0 0 1 8 6 , 6 9 0 1 9 6 , 0 2 4 2 0 5 , 8 2 6 9 L i f e a n d H e a l t h I n s u r a n c e - D e n t a l 2 , 8 1 2 H e a l t h - I n s 2 , 9 5 3 3 , 1 0 0 3 , 2 55 3 , 4 1 8 3 , 5 8 9 3 , 7 6 8 3 , 9 5 7 4 , 1 5 5 4 , 3 6 2 10 L i f e a n d H e a l t h I n s u r a n c e - L o n g - T e r m C a r e 1 , 3 9 7 H e a l t h - I n s 1 , 4 6 7 1 , 5 4 0 1 , 6 1 7 1 , 6 9 8 1 , 7 8 3 1 , 8 7 2 1 , 9 6 6 2 , 0 6 4 2 , 1 6 7 11 W o r k e r s ' C o m p e n s a t i o n W o r k e r s ' C o m p e n s a t i o n 4 4 , 3 7 5 L a b o r 4 5 , 7 0 6 4 7, 0 7 7 4 8 , 4 9 0 4 9 , 9 4 4 5 1 , 4 4 3 5 2 , 9 8 6 5 4 , 5 7 6 5 6 , 2 1 3 5 7 , 8 9 9 12 O t h e r P o s t e m p l o y m e n t B e n e f i t s ( O P E B ) 1 5 , 0 0 0 L a b o r 1 5 , 4 5 0 1 5 , 9 1 4 1 6 ,3 9 1 1 6 , 8 8 3 1 7 , 3 8 9 1 7 , 9 1 1 1 8 , 4 4 8 1 9 , 0 0 2 1 9 , 5 7 2 13 T o t a l P e r s o n n e l S e r v i c e s $ 1 , 1 5 8 , 2 5 7 $ 1 , 1 9 5 , 7 4 2 $ 1 , 2 3 4 , 4 8 9 $ 1 , 2 7 4 , 54 2 $ 1 , 3 1 5 , 9 4 8 $ 1 , 3 5 8 , 7 5 4 $ 1 , 4 0 3 , 0 1 1 $ 1 , 4 4 8 , 7 7 0 $ 1 , 4 9 6 , 0 8 5 $ 1 , 5 4 5 , 0 1 3 Op e r a t i n g E x p e n s e s : 14 P r o f e s s i o n a l S e r v i c e s T e c h n o l o g y $ 5 0 0 I n f l a t i o n $ 5 1 2 $ 5 2 5 $ 5 3 8 $ 5 5 2 $5 6 5 $ 5 7 9 $ 5 9 3 $ 6 0 7 $ 6 2 1 15 O t h e r S e r v i c e s - C o n t r a c t S e r v i c e s 3 , 0 0 0 C o n t r a c t u a l 3 , 1 2 0 3 , 2 4 5 3 ,3 7 5 3 , 5 1 0 3 , 6 5 0 3 , 7 9 6 3 , 9 4 8 4 , 1 0 6 4 , 2 7 0 16 O t h e r S e r v i c e s - T e m p o r a r y P e r s o n n e l 4 5 , 0 0 0 L a b o r 4 6 , 3 5 0 4 7 , 7 4 1 4 9 ,1 7 3 5 0 , 6 4 8 5 2 , 1 6 7 5 3 , 7 3 2 5 5 , 3 4 4 5 7 , 0 0 5 5 8 , 7 1 5 17 T r a v e l a n d P e r D i e m - T r a v e l 6 0 0 I n f l a t i o n 6 1 4 6 3 0 6 4 6 6 6 2 6 7 8 6 9 4 7 1 1 728746 18 C o m m u n i c a t i o n s S e r v i c e s - C e l l u l a r 1 , 0 0 0 I n f l a t i o n 1 , 0 2 4 1 , 0 5 1 1 , 0 77 1 , 1 0 4 1 , 1 3 0 1 , 1 5 7 1 , 1 8 5 1 , 2 1 4 1 , 2 4 3 19 F r e i g h t a n d P o s t a g e S e r v i c e s - P o s t a g e 0 I n f l a t i o n 00 0 0 0 0 0 0 0 20 U t i l i t y S e r v i c e s - M i a m i - D a d e S o li d W a s t e F e e s 3 2 9 , 6 0 0 D i s p o s a l 33 9 , 4 8 8 3 4 9 , 6 7 3 3 6 0 , 1 6 3 3 7 0 , 9 6 8 3 8 2 , 0 9 7 3 9 3 , 5 6 0 4 0 5 , 3 6 6 4 1 7 , 5 2 7 4 3 0 , 0 5 3 21 U t i l i t y S e r v i c e s - W a s t e M a n a g em e n t F e e s 3 5 0 , 0 0 0 D i s p o s a l 3 6 0 , 5 0 0 3 7 1 , 3 1 5 3 8 2 , 4 5 4 3 9 3 , 9 2 8 4 0 5 , 7 4 6 4 1 7 , 9 1 8 4 3 0 , 4 5 6 4 4 3 , 3 7 0 4 5 6 , 6 7 1 22 U t i l i t y S e r v i c e s - R e c y c l i n g 66 , 4 7 0 D i s p o s a l 6 8 , 4 6 4 7 0 , 5 1 8 7 2 , 6 3 4 7 4, 8 1 3 7 7 , 0 5 7 7 9 , 3 6 9 8 1 , 7 5 0 8 4 , 2 0 2 8 6 , 7 2 8 23 I n s u r a n c e - I S F : R i s k M a n a g e m e n t 4 1 , 6 9 9 I n f l a t i o n 4 2 , 7 0 0 4 3 , 8 1 0 4 4 ,9 0 5 4 6 , 0 2 8 4 7 , 1 3 3 4 8 , 2 6 4 4 9 , 4 2 2 5 0 , 6 0 8 5 1 , 8 2 3 24 R e p a i r a n d M a i n t e n a n c e S e r v i c e s - I S F : F l e e t M a i n t e n a n c e 4 3 8 , 8 79 R e p a i r 4 6 5 , 2 1 2 4 9 3 , 1 2 4 5 2 2 , 7 1 2 5 5 4 , 0 7 5 5 8 7 , 3 1 9 6 2 2 , 5 5 8 6 5 9 , 9 1 2 6 9 9 , 5 0 6741,477 25 R e p a i r a n d M a i n t e n a n c e S e r v i c e s - V e h i c l e M a i n t e n a n c e 3 , 0 0 0 R e p ai r 3 , 1 8 0 3 , 3 7 1 3 , 5 7 3 3 , 7 8 7 4 , 0 1 5 4 , 2 5 6 4 , 5 1 1 4 , 7 8 2 5 , 0 6 8 26 R e p a i r a n d M a i n t e n a n c e S e r v i c e s - R e p a i r s a n d M a i n t e n a n c e 1 5 , 0 00 R e p a i r 1 5 , 9 0 0 1 6 , 8 5 4 1 7 , 8 6 5 1 8 , 9 3 7 2 0 , 0 7 3 2 1 , 2 7 8 2 2 , 5 5 4 2 3 , 9 0 8 2 5 , 3 4 2 27 P r i n t i n g a n d B i n d i n g 0Inflation 0 0 0 0 0 0 0 0 0 28 P r o m o t i o n a l A c t i v i t i e s - P r o m o t i o n a l A c ti v i t i e s 6, 5 0 0 I n f l a t i o n 6, 6 5 6 6 , 8 2 9 7 , 0 0 0 7 , 1 7 5 7 , 3 4 7 7 , 5 2 3 7 , 7 0 4 7 , 8 8 9 8 , 0 7 8 29 O t h e r C u r r e n t C h a r g e s a n d O b l i g a t i o n s - L i c e n s e s a n d P e r m i t s 1 ,0 0 0 I n f l a t i o n 1 , 0 2 4 1 , 0 5 1 1 , 0 7 7 1 , 1 0 4 1 , 1 3 0 1 , 1 5 7 1 , 1 8 5 1 , 2 1 4 1 , 2 4 3 30 O f f i c e S u p p l i e s - O f f i c e S u p p l i e s 3 0 0 I n f l a t i o n 3 0 7 3 1 5 3 2 3 3 3 1 3 3 9 3 47356364373 31 O p e r a t i n g S u p p l i e s - O t h e r O p e r a t i n g S u p p l i e s 4 5 , 0 0 0 R e p a i r 4 7 , 7 00 5 0 , 5 6 2 5 3 , 5 9 6 5 6 , 8 1 1 6 0 , 2 2 0 6 3 , 8 3 3 6 7 , 6 6 3 7 1 , 7 2 3 7 6 , 0 2 7 32 O p e r a t i n g S u p p l i e s - O u t f it t i n g 5, 0 0 0 I n f l a t i o n 5 , 1 2 0 5 , 2 5 3 5 , 3 8 4 5 ,5 1 9 5 , 6 5 2 5 , 7 8 7 5 , 9 2 6 6 , 0 6 8 6 , 2 1 4 33 O p e r a t i n g S u p p l i e s - K i t c h e n 1 , 0 0 0 I n f l a t i o n 1 , 0 2 4 1 , 0 5 1 1 , 0 7 7 1 , 1 04 1 , 1 3 0 1 , 1 5 7 1 , 1 8 5 1 , 2 1 4 1 , 2 4 3 34 O p e r a t i n g S u p p l i e s - U n i f o r m s 4 , 0 0 0 I n f l a t i o n 4 , 0 9 6 4 , 2 0 2 4 , 3 0 8 4 , 4 15 4 , 5 2 1 4 , 6 3 0 4 , 7 4 1 4 , 8 5 5 4 , 9 7 1 35 T r a i n i n g 0Inflation 0 0 0 0 0 0 0 0 0 36 T o t a l O p e r a t i n g E x p e n s e s $ 1 , 3 5 7 , 5 4 8 $ 1 , 4 1 2 , 9 9 1 $ 1 , 4 7 1 , 1 2 0 $ 1 , 5 3 1 , 87 9 $ 1 , 5 9 5 , 4 7 0 $ 1 , 6 6 1 , 9 7 0 $ 1 , 7 3 1 , 5 9 6 $ 1 , 8 0 4 , 5 1 2 $ 1 , 8 8 0 , 8 8 8 $ 1 , 9 6 0 , 9 0 5 Ot h e r O p e r a t i n g U s e s : 37 I n d i r e c t C o s t A l l o c a t i o n - G e n e r a l F u n d E x p e n s e $ 3 5 0 , 0 0 0 C o n s t a nt $ 3 5 0 , 0 0 0 3 5 0 , 0 0 0 3 5 0 , 0 0 0 3 5 0 , 0 0 0 3 5 0 , 0 0 0 3 5 0 , 0 0 0 3 5 0 , 0 0 0 3 5 0 , 0 0 0 3 5 0 , 000 38 T o t a l O t h e r N o n o p e r a t i n g U s e s - P r o p r i e t a r y F u n d s $ 3 5 0 , 0 0 0 $ 3 5 0 ,0 0 0 $ 3 5 0 , 0 0 0 $ 3 5 0 , 0 0 0 $ 3 5 0 , 0 0 0 $ 3 5 0 , 0 0 0 $ 3 5 0 , 0 0 0 $ 3 5 0 , 0 0 0 $ 3 5 0 , 0 0 0 $ 3 5 0,000 39 To t a l S a n i t a t i o n F u n d $2 , 8 6 5 , 8 0 5 $ 2 , 9 5 8 , 7 3 4 $ 3 , 0 5 5 , 6 0 9 $ 3 , 1 5 6 , 4 2 2 $ 3 , 2 6 1 , 4 1 8 $ 3 , 3 7 0 , 7 2 4 $ 3 , 48 4 , 6 0 7 $ 3 , 6 0 3 , 2 8 2 $ 3 , 7 2 6 , 9 7 3 $ 3 , 8 5 5 , 9 1 8 40 To t a l A d j u s t e d S o l i d W a s t e F u n d $2 , 8 6 5 , 8 0 5 $ 2 , 9 5 8 , 7 3 4 $ 3 , 0 5 5 , 6 0 9 $ 3 , 1 5 6 , 4 2 2 $ 3 , 2 6 1 , 4 1 8 $ 3 , 3 7 0 , 7 2 4 $ 3 , 48 4 , 6 0 7 $ 3 , 6 0 3 , 2 8 2 $ 3 , 7 2 6 , 9 7 3 $ 3 , 8 5 5 , 9 1 8 Page 1 of 1 Ta b l e 4 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Ca p i t a l I m p r o v e m e n t P r o g r a m F u n d i n g P l a n [ 1 ] Li n e E s c a l a t i o n F u n d i n g A d j u s t e d F i s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , 1 0 -Year No . D e s c r i p t i o n R e f e r e n c e S o u r c e 2 0 1 9 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 272028Total CA P I T A L I M P R O V E M E N T P L A N 1 R e p l a c e V e h i c l e # 0 1 4 8 - G a r b a g e T r u c k ( 2 0 0 4 ) V e h i c l e O p e r a t i n g $ 2 50 , 0 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 2 5 0 , 0 0 0 2 R e p l a c e V e h i c l e # 3 6 - F r o n t E n d L o a d e r ( 2 0 0 9 ) V e h i c l e O p e r a t i n g 0 16 0 , 0 0 0 00 0 0 0 0 0 0 160,000 3 R e p l a c e V e h i c l e # 0 9 0 1 - T r a s h T r u c k ( 2 0 0 9 ) V e h i c l e O p e r a t i n g 0 0 0 1 30 , 5 9 2 00 0 0 0 0 130,592 4 R e p l a c e V e h i c l e # 3 7 - L o a d e r ( 2 0 1 0 ) V e h i c l e O p e r a t i n g 0 0 1 5 1 , 2 0 0 0 0 00 0 0 0 151,200 5 R e p l a c e V e h i c l e # 1 0 1 0 - T r a s h T r u c k V e h i c l e O p e r a t i n g 0 0 1 1 8 , 8 0 0 0 0 00 0 0 0 118,800 6 R e p l a c e V e h i c l e # 1 1 1 0 ( 2 0 0 1 ) V e h i c l e O p e r a t i n g 0 0 0 1 3 9 , 9 2 0 00 0 0 0 0 139,920 7 R e p l a c e B a c k h o e V e h i c l e R a t e s 0 0 0 1 6 3 , 2 4 0 00 0 0 0 0 163,240 8 R e p l a c e G a r b a g e T r u c k # 4 1 4 8 V e h i c l e O p e r a t i n g 00 0 0 33 9 , 9 3 0 00 0 0 0 339,930 9 R e p l a c e V e h i c l e # 3 1 6 1 - T r a s h G r a b b e r ( 2 0 1 3 ) V e h i c l e R a t e s 00 0 0 23 2 , 9 1 5 00 0 0 0 232,915 10 R e p l a c e G r a b b e r # 1 6 1 V e h i c l e R a t e s 00 0 0 0 21 7 , 6 0 0 0000217,600 11 R e p l a c e A i r C o m p r e s s o r E N R R a t e s 00 0 0 0 33 , 7 8 0 000033,780 12 A d d i t i o n a l C a p i t a l R e p l a c e m e n t s [ 2 ] V e h i c l e R a t e s 00 0 0 0 0 36 7 , 2 5 0 3 9 1 , 2 5 0 3 8 7 , 0 0 0 3 8 1 , 2 5 0 1 , 5 2 6 , 7 5 0 13 A d d i t i o n a l C a p i t a l R e p l a c e m e n t s ( S p l i t F u n d i n g ) [ 2 ] V e h i c l e O p e ra t i n g 00 0 0 0 0 0 5,50041,50081,500128,500 14 TO T A L C A P I T A L I M P R O V E M E N T P L A N $2 5 0 , 0 0 0 $ 1 6 0 , 0 0 0 $ 2 7 0 , 0 0 0 $ 4 3 3 , 7 5 2 $ 5 7 2 , 8 4 5 $ 2 5 1 , 3 8 0 $ 3 6 7 , 2 5 0 $ 3 9 6 , 7 5 0$428,500$462,750$3,593,227 FU N D I N G S O U R C E S 15 R a t e R e v e n u e R a t e s $ 0 $ 0 $ 0 $ 1 6 3 , 2 4 0 $ 2 3 2 , 9 1 5 $ 2 5 1 , 3 8 0 $ 3 6 7 , 2 5 0 $ 3 9 1 , 2 50$387,000$381,250$2,174,285 16 O p e r a t i n g F u n d O p e r a t i n g 2 5 0 , 0 0 0 1 6 0 , 0 0 0 2 7 0 , 0 0 0 2 7 0 , 5 1 2 3 3 9 , 9 3 0 0 0 5 ,50041,50081,500$1,418,942 17 TO T A L F U N D I N G S O U R C E S $2 5 0 , 0 0 0 $ 1 6 0 , 0 0 0 $ 2 7 0 , 0 0 0 $ 4 3 3 , 7 5 2 $ 5 7 2 , 8 4 5 $ 2 5 1 , 3 8 0 $ 3 6 7 , 2 5 0 $ 3 9 6 , 7 5 0$428,500$462,750$3,593,227 Fo o t n o t e s : [1 ] O r i g i n a l a m o u n t s a s p r o v i d e d b y s t a f f . [2 ] C a p i t a l p l a n p r o v i d e d w e n t t h r o u g h F i s c a l Y e a r 2 0 2 4 . F o r F i s ca l Y e a r s 2 0 2 5 t h r o u g h 2 0 2 8 t h e V i l l a g e ' s a v e r a g e h i s t o r i c a l c a pi t a l s p e n d i n g w a s u s e d . Page 1 of 1 Ta b l e 5 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Pr o j e c t i o n o f E n d i n g C a s h B a l a n c e s a n d I n t e r e s t I n c o m e Li n e Pr o j e c t e d F i s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , No . D e s c r i p t i o n 2 0 1 9 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 Su m m a r y o f E n d i n g C a s h B a l a n c e s 1 S o l i d W a s t e O p e r a t i n g F u n d $ 5 3 8 , 8 9 9 $ 4 1 9 , 4 2 4 $ 5 4 2 , 1 8 9 $ 5 0 3 , 8 3 2 $ 3 2 7 ,4 0 4 $ 4 7 2 , 6 6 7 $ 5 0 1 , 3 5 5 $ 4 9 8 , 1 7 2 $ 4 5 9 , 2 2 2 $ 3 8 0 , 2 1 1 2 I n v e s t m e n t F u n d 1 , 0 0 3 , 9 1 1 1 , 0 0 3 , 9 1 1 1 , 0 0 3 , 9 1 1 1 , 0 0 3 , 9 1 1 1 , 0 0 3 , 9 1 1 1 , 00 3 , 9 1 1 1 , 0 0 3 , 9 1 1 1 , 0 0 3 , 9 1 1 1 , 0 0 3 , 9 1 1 1 , 0 0 3 , 9 1 1 3 T o t a l E n d i n g C a s h B a l a n c e s $ 1 , 5 4 2 , 8 1 0 $ 1 , 4 2 3 , 3 3 5 $ 1 , 5 4 6 , 1 0 0 $ 1 , 5 0 7 ,7 4 3 $ 1 , 3 3 1 , 3 1 5 $ 1 , 4 7 6 , 5 7 8 $ 1 , 5 0 5 , 2 6 6 $ 1 , 5 0 2 , 0 8 3 $ 1 , 4 6 3 , 1 3 3 $ 1 , 3 8 4 , 1 2 2 So l i d W a s t e O p e r a t i n g F u n d 4 B e g i n n i n g B a l a n c e $ 1 , 0 2 6 , 9 1 4 $ 5 3 8 , 8 9 9 $ 4 1 9 , 4 2 4 $ 5 4 2 , 1 8 9 $ 5 0 3 , 8 3 2 $ 3 2 7, 4 0 4 $ 4 7 2 , 6 6 7 $ 5 0 1 , 3 5 5 $ 4 9 8 , 1 7 2 $ 4 5 9 , 2 2 2 5 T r a n s f e r s I n - R e v e n u e R e q u i r e m e n t s 2 , 6 0 3 , 5 3 7 2 , 9 9 4 , 0 6 7 3 , 4 4 3 , 1 7 7 3, 5 4 6 , 4 7 3 3 , 6 5 2 , 8 6 7 3 , 7 6 2 , 4 5 3 3 , 8 7 5 , 3 2 7 3 , 9 9 1 , 5 8 6 4 , 1 1 1 , 3 3 4 4 , 2 3 4 , 6 7 4 6 T r a n s f e r s O u t - R e v e n u e R e q u i r e m e n t s 2 , 8 4 1 , 5 5 1 2 , 9 5 3 , 5 4 3 3 , 0 5 0 , 4 1 2 3 , 3 1 4 , 3 1 7 3 , 4 8 9 , 3 6 5 3 , 6 1 7 , 1 9 0 3 , 8 4 6 , 6 3 9 3 , 9 8 9 , 2 6 9 4 , 1 0 8 , 7 8 4 4 , 2 3 2 , 1 8 5 7 T r a n s f e r s O u t - C a p i t a l I m p r o v e m e n t s 2 5 0 , 0 0 0 1 6 0 , 0 0 0 2 7 0 , 0 0 0 2 7 0 , 5 12 3 3 9 , 9 3 0 0 0 5 , 5 0 0 4 1 , 5 0 0 8 1 , 5 0 0 8 I n t e r e s t R a t e 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 9 I n t e r e s t I n c o m e $ 2 , 7 4 0 $ 1 , 6 7 7 $ 1 , 6 8 3 $ 1 , 8 3 1 $ 1 , 4 5 5 $ 1 , 4 0 0 $ 1 , 7 0 5 $ 1 , 7 4 9$1,675$1,469 Re c o g n i t i o n o f I n t e r e s t I n c o m e 10 i n R e v e n u e R e q u i r e m e n t s $ 2 , 7 4 0 $ 1 , 6 7 7 $ 1 , 6 8 3 $ 1 , 8 3 1 $ 1 , 4 5 5 $ 1 , 4 0 0 $ 1 ,7 0 5 $ 1 , 7 4 9 $ 1 , 6 7 5 $ 1 , 4 6 9 11 E n d i n g B a l a n c e $ 5 3 8 , 8 9 9 $ 4 1 9 , 4 2 4 $ 5 4 2 , 1 8 9 $ 5 0 3 , 8 3 2 $ 3 2 7 , 4 0 4 $ 4 7 2 , 6 6 7 $ 5 0 1 , 3 5 5 $ 4 9 8 , 1 7 2 $ 4 5 9 , 2 2 2 $ 3 8 0 , 2 1 1 In v e s t m e n t F u n d 12 B e g i n n i n g B a l a n c e $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 03 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 13 I n t e r e s t R a t e 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5 % 0 . 3 5% 14 I n t e r e s t I n c o m e $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 14$3,514$3,514 Re c o g n i t i o n o f I n t e r e s t I n c o m e 15 i n R e v e n u e R e q u i r e m e n t s $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 ,5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 $ 3 , 5 1 4 16 E n d i n g B a l a n c e $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 91 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 $ 1 , 0 0 3 , 9 1 1 In t e r e s t I n c o m e : 17 U n r e s t r i c t e d I n t e r e s t I n c o m e $ 6 , 2 5 4 $ 5 , 1 9 1 $ 5 , 1 9 7 $ 5 , 3 4 4 $ 4 , 9 6 8 $ 4 , 91 4 $ 5 , 2 1 8 $ 5 , 2 6 3 $ 5 , 1 8 9 $ 4 , 9 8 3 18Restrict e d I n t e r e s t I n c o m e 0 0 0 0 0 0 0 0 0 0 19 To t a l I n t e r e s t I n c o m e $6 , 2 5 4 $ 5 , 1 9 1 $ 5 , 1 9 7 $ 5 , 3 4 4 $ 4 , 9 6 8 $ 4 , 9 1 4 $ 5 , 2 1 8 $ 5 , 2 6 3 $ 5 , 1 8 9 $ 4 , 9 8 3 Page 1 of 1 Ta b l e 6 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Pr o j e c t e d S o l i d W a s t e S y s t e m R e v e n u e R e q u i r e m e n t s Li n e Pr o j e c t e d F i s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , No . D e s c r i p t i o n 2 0 1 9 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 Op e r a t i n g E x p e n s e s 1 T o t a l O p e r a t i n g E x p e n s e s $ 2 , 8 6 5 , 8 0 5 $ 2 , 9 5 8 , 7 3 4 $ 3 , 0 5 5 , 6 0 9 $ 3 , 1 5 6 , 4 22 $ 3 , 2 6 1 , 4 1 8 $ 3 , 3 7 0 , 7 2 4 $ 3 , 4 8 4 , 6 0 7 $ 3 , 6 0 3 , 2 8 2 $ 3 , 7 2 6 , 9 7 3 $ 3 , 8 5 5 , 9 1 8 Ot h e r R e v e n u e R e q u i r e m e n t s : 2 O t h e r C a p i t a l F u n d e d f r o m R a t e s $ 0 $ 0 $ 0 $ 1 6 3 , 2 4 0 $ 2 3 2 , 9 1 5 $ 2 5 1 , 3 8 0 $ 36 7 , 2 5 0 $ 3 9 1 , 2 5 0 $ 3 8 7 , 0 0 0 $ 3 8 1 , 2 5 0 3 T o t a l O t h e r R e v e n u e R e q u i r e m e n t s $ 0 $ 0 $ 0 $ 1 6 3 , 2 4 0 $ 2 3 2 , 9 1 5 $ 2 5 1 , 3 8 0 $3 6 7 , 2 5 0 $ 3 9 1 , 2 5 0 $ 3 8 7 , 0 0 0 $ 3 8 1 , 2 5 0 4 G r o s s R e v e n u e R e q u i r e m e n t s $ 2 , 8 6 5 , 8 0 5 $ 2 , 9 5 8 , 7 3 4 $ 3 , 0 5 5 , 6 0 9 $ 3 , 3 1 9 ,6 6 2 $ 3 , 4 9 4 , 3 3 3 $ 3 , 6 2 2 , 1 0 4 $ 3 , 8 5 1 , 8 5 7 $ 3 , 9 9 4 , 5 3 2 $ 4 , 1 1 3 , 9 7 3 $ 4 , 2 3 7 , 1 6 8 Le s s I n c o m e a n d F u n d s f r o m O t h e r S o u r c e s : 5 O t h e r O p e r a t i n g R e v e n u e $ 1 8 , 0 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 6 I n t e r e s t I n c o m e 6 , 2 5 4 5 , 1 9 1 5 , 1 9 7 5 , 3 4 4 4 , 9 6 8 4 , 9 1 4 5 , 2 1 8 5 , 2 6 3 5 , 1 8 9 4 , 983 9 T o t a l O t h e r R e v e n u e s $ 2 4 , 2 5 4 $ 5 , 1 9 1 $ 5 , 1 9 7 $ 5 , 3 4 4 $ 4 , 9 6 8 $ 4 , 9 1 4 $ 5 , 2 1 8 $ 5 , 2 6 3 $ 5 , 1 8 9 $ 4 , 9 8 3 10 N e t R e v e n u e R e q u i r e m e n t s $ 2 , 8 4 1 , 5 5 1 $ 2 , 9 5 3 , 5 4 3 $ 3 , 0 5 0 , 4 1 2 $ 3 , 3 1 4 , 31 7 $ 3 , 4 8 9 , 3 6 5 $ 3 , 6 1 7 , 1 9 0 $ 3 , 8 4 6 , 6 3 9 $ 3 , 9 8 9 , 2 6 9 $ 4 , 1 0 8 , 7 8 4 $ 4 , 2 3 2 , 1 8 5 Re v e n u e f r o m S o l i d W a s t e R a t e s : 11 C o l l e c t i o n R e v e n u e $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 60 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 $ 2 , 6 0 3 , 5 3 7 12 P r i o r Y e a r R a t e A d j u s t m e n t s 0 0 3 9 0 , 5 3 1 8 3 9 , 6 4 1 9 4 2 , 9 3 6 1 , 0 4 9 , 3 3 0 1 ,1 5 8 , 9 1 6 1 , 2 7 1 , 7 9 0 1 , 3 8 8 , 0 5 0 1 , 5 0 7 , 7 9 7 13 C o l l e c t i o n R e v e n u e B e f o r e C u r r e n t Y e a r A d j u s t m e n t s $ 2 , 6 0 3 , 5 3 7 $ 2, 6 0 3 , 5 3 7 $ 2 , 9 9 4 , 0 6 7 $ 3 , 4 4 3 , 1 7 7 $ 3 , 5 4 6 , 4 7 3 $ 3 , 6 5 2 , 8 6 7 $ 3 , 7 6 2 , 4 5 3 $ 3 , 8 75,327$3,991,586$4,111,334 14 R e v e n u e S u r p l u s / ( D e f i c i e n c y ) ( 2 3 8 , 0 1 4 ) ( 3 5 0 , 0 0 6 ) ( 5 6 , 3 4 5 ) 1 2 8 , 8 60 5 7 , 1 0 8 3 5 , 6 7 7 ( 8 4 , 1 8 6 ) ( 1 1 3 , 9 4 3 ) ( 1 1 7 , 1 9 8 ) ( 1 2 0 , 8 5 1 ) 15 P e r c e n t o f C u r r e n t Y e a r R a t e R e v e n u e - 9 . 1 4 % - 1 3 . 4 4 % - 1 . 8 8 % 3 . 7 4 % 1 .6 1 % 0 . 9 8 % - 2 . 2 4 % - 2 . 9 4 % - 2 . 9 4 % - 2 . 9 4 % Cu r r e n t Y e a r R a t e A d j u s t m e n t s 16 C u r r e n t Y e a r R a t e A d j u s t m e n t 0 . 0 0 % 1 5 . 0 0 % 1 5 . 0 0 % 3 . 0 0 % 3 . 0 0 % 3 . 0 0 % 3 .0 0 % 3 . 0 0 % 3 . 0 0 % 3 . 0 0 % 17 E f f e c t i v e M o n t h O c t . O c t . O c t . O c t . O c t . O c t . O c t . O c t . O c t . O c t . 18 % o f C u r r e n t Y e a r E f f e c t i v e 1 0 0 . 0 0 % 1 0 0 . 0 0 % 1 0 0 . 0 0 % 1 0 0 . 0 0 % 1 0 0 . 0 0 % 1 0 0 . 0 0 % 1 0 0 . 0 0 % 1 0 0 . 0 0 % 1 0 0 . 0 0 % 1 0 0 . 0 0 % 19 T o t a l R e v e n u e f r o m C u r r e n t Y e a r A d j u s t m e n t s $ 0 $ 3 9 0 , 5 3 1 $ 4 4 9 , 1 1 0 $1 0 3 , 2 9 5 $ 1 0 6 , 3 9 4 $ 1 0 9 , 5 8 6 $ 1 1 2 , 8 7 4 $ 1 1 6 , 2 6 0 $ 1 1 9 , 7 4 8 $ 1 2 3 , 3 4 0 20 C o l l e c t i o n R e v e n u e A f t e r R a t e A d j u s t m e n t s $ 2 , 6 0 3 , 5 3 7 $ 2 , 9 9 4 , 0 6 7 $3 , 4 4 3 , 1 7 7 $ 3 , 5 4 6 , 4 7 3 $ 3 , 6 5 2 , 8 6 7 $ 3 , 7 6 2 , 4 5 3 $ 3 , 8 7 5 , 3 2 7 $ 3 , 9 9 1 , 5 8 6 $ 4 , 111,334$4,234,674 21 To t a l R e v e n u e A f t e r R a t e A d j u s t m e n t s $2 , 6 0 3 , 5 3 7 $ 2 , 9 9 4 , 0 6 7 $ 3 , 4 4 3 , 1 7 7 $ 3 , 5 4 6 , 4 7 3 $ 3 , 6 5 2 , 8 6 7 $ 3 , 7 6 2 , 4 5 3 $ 3 , 87 5 , 3 2 7 $ 3 , 9 9 1 , 5 8 6 $ 4 , 1 1 1 , 3 3 4 $ 4 , 2 3 4 , 6 7 4 22 Re v e n u e S u r p l u s / ( D e f i c i e n c y ) ($ 2 3 8 , 0 1 4 ) $ 4 0 , 5 2 4 $ 3 9 2 , 7 6 5 $ 2 3 2 , 1 5 5 $ 1 6 3 , 5 0 2 $ 1 4 5 , 2 6 3 $ 2 8 , 6 8 8 $ 2 , 3 1 7 $ 2,550$2,489 23 Pe r c e n t o f R a t e R e v e n u e s -9 . 1 4 % 1 . 3 5 % 1 1 . 4 1 % 6 . 5 5 % 4 . 4 8 % 3 . 8 6 % 0 . 7 4 % 0 . 0 6 % 0 . 0 6 % 0 . 0 6 % Page 1 of 1 Ta b l e 7 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Co m p a r i s o n o f R e s i d e n t i a l S o l i d W a s t e R a t e s [ 1 ] Li n e M o n t h l y A n n u a l W e e k l y C ol l e c t i o n F r e q u e n c y No . D e s c r i p t i o n R a t e C h a r g e G a r b a g e Y a r d W a s t e R e c y c l i n g B u l k Mi a m i S h o r e s V i l l a g e 1 E x i s t i n g $ 5 8 . 7 9 $7 0 5 . 5 3 2 x 1 x 1 x 1 x 2 P r o p o s e d - F i s c a l Y e a r 2 0 2 0 6 7 . 6 1 81 1 . 3 6 2 x 1 x 1 x 1 x Ot h e r F l o r i d a S o l i d W a s t e S y s t e m s 3 C i t y o f C o r a l G a b l e s $ 7 2 . 4 2 $8 6 9 . 0 0 1 x 1 x 1 x 1 x 4 C i t y o f H i a l e a h 2 9 . 9 8 35 9 . 7 6 2 x 1 x 1 x 1 x m o n t h l y 5 C i t y o f H o m e s t e a d 3 7 . 7 0 45 2 . 4 0 2 x 1 x 1 x 1 x 6 V i l l a g e o f K e y B i s c a y n e 5 3 . 7 5 64 5 . 0 0 2 x 1 x 1 x 1 x m o n t h l y 7 M i a m i - D a d e C o u n t y [ 2 ] 3 8 . 6 7 46 4 . 0 0 2 x 1 x 2 x m o n t h 2 x m o n t h 8 N o r t h B a y V i l l a g e 3 6 . 4 4 43 7 . 2 8 2 x 1 x 1 x N / A 9 C i t y o f N o r t h M i a m i B e a c h 2 6 . 0 0 31 2 . 0 0 2 x 1 x 1 x 1 x m o n t h l y 10 C i t y o f L a u d e r d a l e b y t h e S e a 1 6 . 0 0 19 2 . 0 0 2 x 1 x 1 x 1 x m o n t h l y 11 C i t y o f L i g h t h o u s e P o i n t 4 6 . 9 0 56 2 . 8 0 2 x 2 x 1 x 2 x m o n t h 12 C i t y o f M i a m i S p r i n g s 5 3 . 9 7 64 7 . 6 4 2 x 1 x 1 x 1 x 13 C i t y o f W e s t P a r k 3 5 . 7 9 42 9 . 4 4 1 x 1 x m o n t h 1 x 1 x m o n t h l y 14 C i t y o f W i l t o n M a n o r s 2 5 . 0 3 30 0 . 3 6 2 x 1 x 1 x 1 x m o n t h l y 15 O t h e r S o l i d W a s t e S y s t e m A v e r a g e $ 3 9 . 3 9 $ 4 7 2 . 6 4 Fo o t n o t e s : [1 ] U n l e s s o t h e r w i s e n o t e d , a m o u n t s s h o w n r e f l e c t r e s i d e n t i a l r a te s i n e f f e c t A p r i l 2 0 1 9 a n d a r e e x cl u s i v e o f t a x e s o r f r a n c h i s e f e e s , i f a n y . Su c h m o n t h l y r a t e s a r e f o r c o m p ar i s o n p u r p o s e s o n l y a n d i s n o t in t e n d e d t o b e a c o m p l e t e l i s t i n g o f a l l r a t e s a n d c h a r g e s o f f e re d b y e a c h l i s t e d u t i l i t y . [2 ] M i a m i - D a d e C o u n t y S o l i d W a s t e M an a g e m e n t p r o v i d e s c o l l e c t i o n a n d r e c y c l i n g s e r v i c e s t o u n i n c or p o r a t e d M i a m i - D a d e C o u n t y a n d the cities of Av e n t u r a , C u t l e r B a y , M i a m i G a r de n s , M i a m i L a k e s , O p a - L o c k a , P a lm e t t o B a y , P i n e c r e s t , a n d S u n n y I s l e s B e a c h . Page 1 of 1 Ta b l e 8 Mi a m i S h o r e s V i l l a g e So l i d W a s t e U t i l i t y R a t e S t u d y Sc h e d u l e o f P r o p o s e d R a t e s Li n e Ex i s t i n g F i s c a l Y e a r E n d i n g S e p t e m b e r 3 0 , No . D e s c r i p t i o n 20 1 9 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 1 P r o p o s e d R a t e A d j u s t m e n t s 0. 0 0 % 1 5 . 0 0 % 1 5 . 0 0 % 3 . 0 0 % 3 . 0 0 % 3 . 0 0 % 3 . 0 0 % 3 . 0 0 % 3 . 0 0 % 3 . 0 0 % 2 R e s i d e n c e $7 0 5 . 5 3 $ 8 1 1 . 3 6 $ 9 3 3 . 0 6 $ 9 6 1 . 0 5 $ 9 8 9 . 8 8 $ 1 , 0 1 9 . 5 8 $ 1 , 0 5 0 . 1 7 $ 1 , 0 8 1 . 6 8 $ 1,114.13$1,147.55 3 A u x i l a r y L i v i n g U n i t ( o n e 3 0 - g a l l o n c a n ) 3 7 5 . 0 0 4 3 1 . 2 5 4 9 5 . 9 4 5 1 0 . 82 5 2 6 . 1 4 5 4 1 . 9 2 5 5 8 . 1 8 5 7 4 . 9 3 5 9 2 . 1 8 6 0 9 . 9 5 4 D u p l e x e s , p e r u n i t $7 0 5 . 5 3 $ 8 1 1 . 3 6 $ 9 3 3 . 0 6 $ 9 6 1 . 0 5 $ 9 8 9 . 8 8 $ 1 , 0 1 9 . 5 8 $ 1 , 0 5 0 . 1 7 $ 1 , 0 8 1 . 6 8 $ 1,114.13$1,147.55 5 A p a r t m e n t r e n t a l s , c o n d o m i n i m u m s a n d c o - o p s ( e a c h 3 0 - g a l l o n c a n p e r u n i t ) $ 3 7 5 . 0 0 $ 4 3 1 . 2 5 $ 4 9 5 . 9 4 $ 5 1 0 . 8 2 $ 5 2 6 . 1 4 $ 5 4 1 . 9 2 $ 5 5 8 . 1 8 $ 5 7 4.93$592.18$609.95 6 G a r b a g e a n d t r a s h ( t w o 3 0 - g a l l o n c a n s d a i l y ) 1 , 2 6 0 . 0 0 1 , 4 4 9 . 0 0 1 , 66 6 . 3 5 1 , 7 1 6 . 3 4 1 , 7 6 7 . 8 3 1 , 8 2 0 . 8 6 1 , 8 7 5 . 4 9 1 , 9 3 1 . 7 5 1 , 9 8 9 . 7 0 2 , 0 4 9 . 3 9 7 E a c h a d d d i t i o n a l c a n 63 0 . 0 0 7 2 4 . 5 0 8 3 3 . 1 8 8 5 8 . 1 8 8 8 3 . 9 3 9 1 0 . 4 5 9 3 7 . 7 6 9 6 5 . 8 9 9 9 4 . 8 7 1 , 0 2 4 . 7 2 8 O n e o n e - y a r d c o n t a i n e r ( t w i c e w e e k l y ) 2 , 5 1 9 . 8 5 2 , 8 9 7 . 8 3 3 , 3 3 2 . 5 0 3, 4 3 2 . 4 8 3 , 5 3 5 . 4 5 3 , 6 4 1 . 5 1 3 , 7 5 0 . 7 6 3 , 8 6 3 . 2 8 3 , 9 7 9 . 1 8 4 , 0 9 8 . 5 6 9 O n e o n e - y a r d c o n t a i n e r ( d a i l y ) 5 , 0 3 9 . 7 5 5 , 7 9 5 . 7 1 6 , 6 6 5 . 0 7 6 , 8 6 5 . 0 2 7, 0 7 0 . 9 7 7 , 2 8 3 . 1 0 7 , 5 0 1 . 5 9 7 , 7 2 6 . 6 4 7 , 9 5 8 . 4 4 8 , 1 9 7 . 1 9 10 O n e o n e - y a r d c o n t a i n e r ( o n c e w e e k l y ) 1 , 2 5 9 . 9 0 1 , 4 4 8 . 8 9 1 , 6 6 6 . 2 2 1 ,7 1 6 . 2 1 1 , 7 6 7 . 7 0 1 , 8 2 0 . 7 3 1 , 8 7 5 . 3 5 1 , 9 3 1 . 6 1 1 , 9 8 9 . 5 6 2 , 0 4 9 . 2 5 11 O n e t w o - y a r d c o n t a i n e r ( t w i c e w e e k l y ) 3 , 3 6 3 . 5 0 3 , 8 6 8 . 0 3 4 , 4 4 8 . 2 3 4, 5 8 1 . 6 8 4 , 7 1 9 . 1 3 4 , 8 6 0 . 7 0 5 , 0 0 6 . 5 2 5 , 1 5 6 . 7 2 5 , 3 1 1 . 4 2 5 , 4 7 0 . 7 6 12 O n e t w o - y a r d c o n t a i n e r ( d a i l y ) 6 , 7 5 6 . 0 0 7 , 7 6 9 . 4 0 8 , 9 3 4 . 8 1 9 , 2 0 2 . 8 5 9 , 4 7 8 . 9 4 9 , 7 6 3 . 3 1 1 0 , 0 5 6 . 2 1 1 0 , 3 5 7 . 9 0 1 0 , 6 6 8 . 6 4 1 0 , 9 8 8 . 7 0 13 O n e t w o - y a r d c o n t a i n e r ( o n c e w e e k l y ) 1 , 6 8 1 . 7 5 1 , 9 3 4 . 0 1 2 , 2 2 4 . 1 1 2 ,2 9 0 . 8 3 2 , 3 5 9 . 5 5 2 , 4 3 0 . 3 4 2 , 5 0 3 . 2 5 2 , 5 7 8 . 3 5 2 , 6 5 5 . 7 0 2 , 7 3 5 . 3 7 Ho t e l s a n d m o t e l s , n o c o o k i n g f a c i l i t i e s : 14 O n e t o f o u r u n i t s ( m a x i m u m o f o n e 3 0 - g a l l o n c a n p e r t w o u n i t s ) o r c o n t a i n e r r a t e s a s a b o v e $ 4 2 0 . 0 0 $ 4 8 3 . 0 0 $ 5 5 5 . 4 5 $ 5 7 2 . 1 1 $ 5 8 9 . 2 7 $ 6 0 6 . 9 5 $ 6 2 5 . 1 6 $ 6 4 3 . 9 1 $ 6 6 3 . 2 3 $ 6 8 3 . 1 3 Co m m e r c i a l : 15 G a r b a g e a n d t r a s h ( o n e 3 0 - g a l l o n c a n t w i c e w e e k l y ) $ 1 7 0 . 9 5 $ 1 9 6 .5 9 $ 2 2 6 . 0 8 $ 2 3 2 . 8 6 $ 2 3 9 . 8 5 $ 2 4 7 . 0 5 $ 2 5 4 . 4 6 $ 2 6 2 . 0 9 $ 2 6 9 . 9 5 $ 2 7 8 . 0 5 16 G a r b a g e a n d t r a s h ( t w o 3 0 - g a l l o n c a n s t w i c e w e e k l y ) 3 4 1 . 8 5 3 9 3 . 13 4 5 2 . 1 0 4 6 5 . 6 6 4 7 9 . 6 3 4 9 4 . 0 2 5 0 8 . 8 4 5 2 4 . 1 1 5 3 9 . 8 3 5 5 6 . 0 2 17 E a c h a d d i t i o n a l c a n 17 0 . 9 5 1 9 6 . 5 9 2 2 6 . 0 8 2 3 2 . 8 6 2 3 9 . 8 5 2 4 7 . 0 5 2 5 4 . 4 6 2 6 2 . 0 9 2 6 9 . 9 5 2 7 8 . 0 5 18 G a r b a g e a n d t r a s h ( t w o 3 0 - g a l l o n c a n s d a i l y ) 1 , 0 2 5 . 5 0 1 , 1 7 9 . 3 3 1 ,3 5 6 . 2 3 1 , 3 9 6 . 9 2 1 , 4 3 8 . 8 3 1 , 4 8 1 . 9 9 1 , 5 2 6 . 4 5 1 , 5 7 2 . 2 4 1 , 6 1 9 . 4 1 1 , 6 6 7 . 9 9 19 E a c h a d d i t i o n a l c a n 51 2 . 7 5 5 8 9 . 6 6 6 7 8 . 1 1 6 9 8 . 4 5 7 1 9 . 4 0 7 4 0 . 9 8 7 6 3 . 2 1 7 8 6 . 1 1 8 0 9 . 6 9 8 3 3 . 9 8 20 O n e o n e - y a r d c o n t a i n e r ( t w i c e w e e k l y ) 2 , 0 5 1 . 0 0 2 , 3 5 8 . 6 5 2 , 7 1 2 . 4 5 2, 7 9 3 . 8 2 2 , 8 7 7 . 6 3 2 , 9 6 3 . 9 6 3 , 0 5 2 . 8 8 3 , 1 4 4 . 4 7 3 , 2 3 8 . 8 0 3 , 3 3 5 . 9 6 21 O n e o n e - y a r d c o n t a i n e r ( d a i l y ) 4 , 1 0 2 . 0 0 4 , 7 1 7 . 3 0 5 , 4 2 4 . 9 0 5 , 5 8 7 . 6 5 5 , 7 5 5 . 2 8 5 , 9 2 7 . 9 4 6 , 1 0 5 . 7 8 6 , 2 8 8 . 9 5 6 , 4 7 7 . 6 2 6 , 6 7 1 . 9 5 22 O n e o n e - y a r d c o n t a i n e r ( o n c e w e e k l y ) 1 , 0 2 5 . 5 0 1 , 1 7 9 . 3 3 1 , 3 5 6 . 2 3 1 ,3 9 6 . 9 2 1 , 4 3 8 . 8 3 1 , 4 8 1 . 9 9 1 , 5 2 6 . 4 5 1 , 5 7 2 . 2 4 1 , 6 1 9 . 4 1 1 , 6 6 7 . 9 9 23 O n e t w o - y a r d c o n t a i n e r ( t w i c e w e e k l y ) 2 , 7 3 7 . 6 5 3 , 1 4 8 . 3 0 3 , 6 2 0 . 5 5 3, 7 2 9 . 1 7 3 , 8 4 1 . 0 5 3 , 9 5 6 . 2 8 4 , 0 7 4 . 9 7 4 , 1 9 7 . 2 2 4 , 3 2 3 . 1 4 4 , 4 5 2 . 8 3 24 O n e t w o - y a r d c o n t a i n e r ( d a i l y ) 5 , 4 9 9 . 0 0 6 , 3 2 3 . 8 5 7 , 2 7 2 . 4 3 7 , 4 9 0 . 6 0 7 , 7 1 5 . 3 2 7 , 9 4 6 . 7 8 8 , 1 8 5 . 1 8 8 , 4 3 0 . 7 4 8 , 6 8 3 . 6 6 8 , 9 4 4 . 1 7 25 O n e t w o - y a r d c o n t a i n e r ( o n c e w e e k l y ) 1 , 3 6 8 . 8 5 1 , 5 7 4 . 1 8 1 , 8 1 0 . 3 1 1 ,8 6 4 . 6 2 1 , 9 2 0 . 5 6 1 , 9 7 8 . 1 8 2 , 0 3 7 . 5 3 2 , 0 9 8 . 6 6 2 , 1 6 1 . 6 2 2 , 2 2 6 . 4 7 26 S u r g i c a l a n d p a t h o l o g i c a l w a s t e No t c o l l e c t e d b y V i l l a g e 27 C o n s t r u c t i o n d e b r i s No t c o l l e c t e d b y V i l l a g e