Solid Waste Facility Financial Test

Also needed

• A copy of the independent certified public accountant’s report on examination of the owner’s or operator’s financial statements for the latest completed fiscal year
• Special Report from an independent certified public accountant - often called an Agreed Upon Procedures Report - confirming data is from the financial statements

General Guidance

• Be sure to see 62-701.630(6)(c )F.A.C. for information on requirements for passing Test.  Other requirements can be found in 40 CFR Part 264
• DEP Forms must be used and filled out completely
• Confirm "owner or operator" name is same as in Sunbiz.org if not a governmental agency or sole proprietor
• For Governmental agencies submission is due 180 after fiscal year end
• For Private entities submission is due 90 after fiscal year end

Alternative I

• In order to pass:
  • Lines 10 through 13 must be “Yes”
  • Line 14 or 15 - either must be "Yes"
• See Financial Test Calculator (Excel)

Alternative II

• In order to pass:
  • Bonds must be rated by either Standard and Poor's or Moody’s 
  • Bonds must have a redemption date with at least five years remaining
  • An unsecured bond rating must maintain a rating of BBB or better as issued by Standard and Poor’s  or  Baa2 or better as issued by Moody’s bond rating service
  • Lines 5, 6 and 7 must be “YES”
• See Financial Test Calculator (Excel)

Return to the Solid Waste Financial Assurance Forms and Form Guidance webpage.