HomeMy WebLinkAboutVan Lant & Frankhanel, LLP 2025-06-23COU No. 2526-082
OP
City of Ukiah
June 23, 2025
Executive Director
Department of Resources Recycling and Recovery(CalRecycle)
1001 1 Street
Sacramento, CA 95812
1 am the chief financial officer of the City of Ukiah. This letter is in support of the local government financial
test or guarantee to demonstrate financial assurance, as specified in Title 27, California Code of Regulations,
Division 2, Subdivision 1, Chapter 6 section 22249.
1. This public agency is the operator or owner of the following facilities for which the firm is demonstrating
financial assurance corrective action costs through the local government financial test specified in CCR
section 22249, or financial assurance for corrective action through similar financial tests specified in the
laws of this state.The current corrective action costs covered by the tests are shown for each facility:
Landfill permit#23-AA-0019 with corrective action costs totaling$1,183,794.
2. This public agency guarantees, through the guarantee for corrective action specified in 27 CCR section
22249.5, or through similar guarantees corrective action specified in the laws of this state,the
corrective action costs of the following facilities. The current corrective action cost estimates so
guaranteed and the name and address of the operator are shown for each facility: None.
The fiscal year of this public agency ends on June 30.The figures for the following items marked with an
asterisk are derived from this public agency's independently audited, year-end financial-statements for the
latest completed fiscal year, ended June 30, 2024.
1 hereby certify that this letter is worded as specified by the California Integrated Waste Management Board
and is being executed in accordance with the requirements of Title 27, California Code of Regulations,
Division 2, Subdivision I, Chapter 6,section 22249.
Daniel E. Buffalo
Finance Director
City of Ukiah
300 Seminary Avenue - Ukiah - CA - 95482-5400
Phone- (707)463-6200 - Fax: (707)463-6204 •www_cityofukiah.com
ALTERNATIVE I
(Omit if using Alternative II)
1. Specify amounts of coverage:
Postclosure Maintenance Costs $
Corrective Action Costs $1,183.794
TOTAL COSTS $1,183.794
2. Is the local government currently in default on any outstanding general obligat:on bonds?...Yes❑ No ER
3. Does the local government have any outstanding general obligation bonds rated lower than
Baa by Moody's or BBB as issued by Standard and Poor's?.. ............................................Yes❑ No
4. Has the local government operated at a deficit equal to five percent or more of total annual
revenue in each of the past two fiscal years?........................ ............................................Yes❑ No
5. Has the local government received an adverse opinion,disclaimer of opinion,or other qualified
opinion from the independent certified public accountant(or appropriate State agency)auditing its
financial statement as required under§22249(a)?............................................................Yes❑ No
tf 2.3.4 or 5=YES.STOPI The local government is NOT ellaible to assure its obligations under 422249.
H 2.3.4.and 5=NO,CONTINUE BELOW.
6. Sum of costs assured under§22249(total of all costs shown above and including the two
numbered paragraphs of the letter to CIWMB)....... ...........................................................$1.183,794
7. Total annual revenue........................................................................ ..............................$121.202 768
`8. Cash....... ........................................................................................ ..............................$73,073.503
.9. Marketable securities......................................................................................................$0
10. Sum of cash and marketable securities(line 8+line 9)......................................................$73,073,503
*11, Total expenditures............................................................................ .............$87,459.475
................
*12. Annual debt service........................................................................................................$8,214,221
13. 43%Threshold Limit on Assured Costs:
Is line 6=43%or less of line 7?....................................................................................... Yes® No❑
14. Liquidity Ratio:
Is line 10 divided by line 11 greater than or equal to 0.05?.................................................Yes® No❑
15, Debt Service Ratio:
Is line 12 divided by line 11 less than or equal to 0.20?......................................................Yes® No❑
I hereby certify that this letter is worded as specified by the Department of Resources Recycling and Recovery(CalRecycle)and is being
executed in accordance with the requirements of Title 27,Califomia Code of Regulations,Division 2,Subdivision 1,Chapter 6,section
22249.
Daniel E.Buffalo
S:gnature Typed or Printed Narne
Finance Director _June_2.3,2025
Title Dale
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