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<br />-.. <br /> <br />e <br /> <br />e <br /> <br />Memorandmn <br /> <br />To: Steve Gillett, Director of Public Wodes <br /> <br />cc: Cynthia Alexander, Director of Finance <br />From: Michael ~. Dolby, Assistant Finance Direct~ <br />Date: 08/29/00 <br /> <br />Re: Waste Management Contract Proposal <br /> <br />Waste Management: <br /> <br />Working capital was negative (1.2 billion). Net assets value was 4.4 billion. The company is <br />involved in lawsuits for improper accounting practices, improper disclosure of facts relating to <br />earnings projections, and previous filed fmancial statements. The outcome of these lawsuits can not <br />be determined at this time. The company announced an agreement to pay a 220 million-dollar <br />settlement for class of open market securities <br /> <br />Republic: <br /> <br />Working capital was negative (53,000,000). Net assets value wa~ 1.5 billion. The company is <br />involved in several lawsuits that they feel are without merit and will be vigorously defended. <br />Revenue was 1.8 billion. <br /> <br />BFI: <br /> <br />Working capital was negative (381 million). Net assets value was 637 million. The company is <br />involved in several lawsuits that they feel will not materially affect their financial statements. BFI <br />was acquired by Allied during their last fiscal year. Consequently, its cash flow and working capital <br />amounts are low. However, its financial stability appears to be strong based on generating 3".3 <br />billion dollars in revenue. <br /> <br />IESI <br /> <br />Working capital was 11.1 million. Net assets value was 67 million. Revenue was 11 0 million. The <br />company is involved in several lawsuits that they feel will not materially affect their financial <br />statements. <br /> <br />1 <br /> <br />''':,<:,':" : <br />OJ:,. ;'."1h' : <br /> <br />" , <br />. :~~.;,~:f. 1", :,;'.!0i:~;;.~~:":: <br />