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State of California Ca 1 omia Integrated Waste Management Board <br />ANNUAL INFLATION: • <br />1995 <br />Facility Name: Facility No.: <br />Title 14, California Code of Regulations, Division 7, Chapter 5, Article 3.4, section 18272(4), requires you to submit <br />a report to the California Integrated Waste Management Board (CIWMB) by March 1 each year. The report <br />calculates the inflationary increase in the closure and postclosure maintenance cost estimates for the previous <br />calendar year. <br />Based on information obtained from the U.S. Department of Commerce, Bureau of Economic Analysis, on <br />April 2, 1996, the inflation factor for 1995 is 1.024. <br />Multiply EACH COST ESTIMATE by the inflation factor to determine the new ADJUSTED COST ESTIMATES as <br />illustrated below. <br />SAMPLE. • The ABC Landfill's COST ESTIMATE for CLOSURE in 1995 was $2,000,000. Using the 1995 infla- <br />tion factor of 1.024, they recalculated their ADJUSTED CLOSURE COST for 1996 to $2,048,000. <br />Their COST ESTIMATE for POSTCLOSURE MAINTENANCE in 1995 was $1,500,000. Using the <br />1995 inflation factor of 1.024, their ADJUSTED POSTCLOSURE MAINTENANCE COST for 1995 is . <br />$1,536,000. <br />$2,000,000 x 1.024 = $ 2,048,000 <br />$1,500,000 x 1.024 = $1,536,000 <br />Using the inflation factor for 1995, calculate the following: <br />$ x 1.024 $ <br />Closure Costs estimate in 1996 dollars <br />$Annual Pox 1.024 = $ <br />stclosure Costs X 15 years estimate in 1996 dollars <br />Operator/Owner Signature Company Name <br />Title of Person Signing Area Code\Phone Number <br />Date <br />CIWMB 114A (3/94) <br />