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MRC Annual Meeting December 12, 2012

MRC Annual Meeting December 12, 2012. MRC Annual Meeting, December 12, 2012. Ensure affordable, long-term, and environmentally sound disposal of municipal solid waste. THE MRC MISSION:. 2. MRC Annual Meeting, December 12, 2012. MRC Ongoing Activities.

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MRC Annual Meeting December 12, 2012

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  1. MRC Annual Meeting December 12, 2012

  2. MRC Annual Meeting, December 12, 2012 Ensure affordable, long-term, and environmentally sound disposal of municipal solid waste THE MRC MISSION: 2

  3. MRC Annual Meeting, December 12, 2012 MRC Ongoing Activities • Represent Charter Municipalities in their roles as MSW providers to and public partners in the PERC facility • Contract compliance (Waste Disposal Agreements) • Facility technical and environmental performance; operating and major maintenance/capital costs (Oversight Committee) • Regional solid waste markets • Legislative and regulatory activities Manage Charter Municipality assets, including: • Limited partnership shares in PERC • Performance Credits and cash distributions from PERC • Tip Fee and Operating Budget Stabilization Funds • Prepare for MSW management after 2018 3

  4. MRC Operating Budget, Calendar Year 2013, proposedMRC Annual Meeting, December 12, 2012 4

  5. PERC Facility operating performanceMRC Annual Meeting, December 12, 2012 PERC 2013 Operating Budget: revenues 5

  6. PERC Facility operating performanceMRC Annual Meeting, December 12, 2012 PERC 2013 Operating Budget: performance assumptions 6

  7. PERC Facility CMRA projectsMRC Annual Meeting, December 12, 2012 PERC 2013 Operating Budget: CMRA projects 7

  8. MRC Annual Meeting, December 12, 2012 Charter Municipality Assets Managed by the MRC 8

  9. Actual Financial Results for 2012MRC Annual Meeting, December 12, 2012 Charter Municipality Joint Venture Assets Managed by the MRC all values in thousands of dollars as of October 1, 2012 9

  10. Actual Financial Results for 2012MRC Annual Meeting, December 12, 2012 10

  11. Actual Financial Results for 2012MRC Annual Meeting, December 12, 2012 Sources and Uses of Funds, 2012 Sources of Funds, 2012 ($000) Performance Credits $ 3,028 Net Cash Flow from PERC 855 Earnings on funds 344 Total sources $ 4,228 Uses of Funds, 2012 ($000) Cash distributions $ 4,698 Changes in fund balances $ 470 Total uses $ 4,228 11

  12. Actual Financial Results for 2012MRC Annual Meeting, December 13, 2012 Joint Venture Financial Highlights in 2012 (Actual through December 1, 2012; projected through December 31, 2012) • Cash distributions ($4.698 M) exceeded cash received from Performance Credits, distributions from PERC and earnings ($4.228 M) • Raised target value on July 1, 2012, to prepare for 2018 • Maintained Tip Fee Stabilization Fund at $21 million • Used reserve funds from PERC re-financing to increase Operating Budget Stabilization Fund to $2.624 million • Distributed $48.2M to Charter Municipalities since 1998 12

  13. Forecasted Financial Results for 2012MRC Annual Meeting, December 13, 2012 13

  14. Forecasted Financial Results for 2013MRC Annual Meeting, December 13, 2012 Projected Sources and Uses of Funds, 2013 Sources of Funds, 2013 ($000) Performance Credits $ 2,705 Net Cash Flow from PERC 766 Earnings on funds 346 Subtotal $ 3,817 Net fund withdrawals 910 Total sources $ 4,727 Uses of Funds, 2013 ($000) Cash distributions $ 4,727 14

  15. MRC Annual Meeting, December 13, 2011 Target Value Increase Plan Approved by the MRC Board on 27 October 2010 First increase went into effect on 1 July 2011 15

  16. MRC Annual Meeting, December 13, 2012 16 Actual <= [] => Projected

  17. MRC Annual Meeting, December 13, 2012 17

  18. Challenges for 2012 and beyondMRC Annual Meeting, December 13, 2012 Deliveries continued to decline in 2012 18

  19. Post-2018 planningMRC Annual Meeting, December 13, 2012 Post-2018 activities in 2012 • MRC actions • Surveyed membership on MSW management • Worked with members to direct MSW to PERC • Evaluating single-sort recycling and organics processing • Monitoring emerging conversion technologies (liquid fuels?) • PERC private partners negotiated to bring MSW from MERC to PERC; working on GAT issues • Maine state legislature actions • Rejected PERC proposal on renewable energy credits • Allowed new expansions of commercial landfills 19

  20. Post-2018 planningMRC Annual Meeting, December 13, 2012 Post-2018 activities in 2012: findings • The PERC partnership: still the preferred disposal option for 2018 and beyond • MSW management: less MSW is better all-around, but PERC needs a steady MSW supply • Economics: the affordability of PERC tip fees after 2018 is a key concern • Options: the MRC is investigating contingency plans in the event PERC might not be affordable 20

  21. Post-2018 planningMRC Annual Meeting, December 13, 2012 Post-2018 activities in 2013 • PERC will get more Maine MSW after MERC closes • MRC will intervene in the DEP review of the permit application to allow MSW into Juniper Ridge LF • MRC is monitoring closely: • Charter Muni post-2018 disposal needs after enhanced MSW reduction, recycling and composting • Cost for MSW collection, transfer and transportation • MRC is formulating contingency plans to advance the MRC mission beyond 2018 21

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