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HomeMy WebLinkAboutRes2000-137 I I I Sponsored by: Janke CITY OF SEWARD, ALASKA RESOLUTION 2000-137 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE HOSPITAL DEBT SERVICE FUND BUDGET FOR CALENDAR YEAR 2001 WHEREAS, effective January 1, 2000 the City's fiscal year changed from a July 1 - June 30 fiscal year to a January 1 - December 31 fiscal year; and WHEREAS, on October 9,2000, the City Manager submitted to the City Council a proposed budget for the City of Seward for Calendar Year 2001; and WHEREAS, the City Council met in work sessions to review the proposed budget on October 17, 18, 19, and 20, 2000; and WHEREAS, public hearings were held on the proposed budget on November 6, 2000 and November 20,2000; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The Hospital Debt Service Fund budget for Calendar Year 2001 which is attached hereto and made a part hereof by reference and which contains estimated revenues and expenditures for the period January 1 - December 31,2001, is HEREBY ADOPTED. Section 2. This resolution shall take effect January 1,2001. PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 20th day of November, 2000. THE CITY OF SEWARD, ALASKA rc , I~';J el...l . Edgar Blatchford, Mayor CITY OF SEWARD, ALASKA RESOLUTION 2000-137 AYES: NOES: ABSENT: ABSTAIN: Blatchford, Brossow, Orr, Shafer None Calhoon, Clark, King None ATTEST: Patrick Reilly City Clerk ~,,"lBs~r!'Q,. ( Ci..~~~~:..~r~""',,,# $ d .'::o",Po,ct;:~-?a ~ :: /<~~...' "'\, ,<,<l'$ft ~ :: !-' "", _-"'~_'Qo "(j OQl l',1 In <J " LS C"I()~ ~EA1r ~ ~ :: ~ /.u U:'Ll.2 8 Ib .. ~ ~ g ~ <' '1> '-'_ -=<::...... v ~~ ,,;;'1 ~ y ~ \~., (~, ~ '~#~ '1, /. D~ ," - ,', ,." }"....., (j,(:t\~...,,,~ ~ ,,<"', fA;' ~....,:;: 1 ,......~ ~ '.'t::>.. J/r,....~.....I.... c,..," ~~ .">. ''; 0'': "'--~'~ .'V"> "S.< I,... ",\" , "'''''rIl~r,~r\'\t~~ I HOSPITAL DEBT SERVICE FUND Budgeted Statement of Revenues, Expenditures, Other Financing Sources (Uses) and Changes in Fund Balance For Fiscal Year 200 I FY9S FY99 Six-Month FYOO FYOl FYOO-Ol Actual Actual Actual Budget Budget %Cbg Revenues (investment earnings): 52,760 514,069 510,168 50 50 0.0% Expenditures: Debt Service Principal 0 175,000 205.000 235.000 265.000 12.8% Debt Service Interest 67.638 401.893 198.978 388.218 377,055 -2.9% Total expenditures 567,638 5576,893 5403,978 5623,218 5642,055 3.0% Excess of revenues over expenditures (564,878) (5562,824) (5393,810) (5623,218) (5642,055) -3.0% Operaring transfers &om ocher funds 184,927 656,586 487.544 700.000 758.000 8.3% I Excess of revenues and otber sources over expenditures and otber uses 5120,049 593,762 593,734 576,782 5115,945 51.0% Fund Balance at beginning of year 5122,284 5242,333 5336,095 5429,829 5506,611 17.9% Fund Balance at end of year Reserved for debt service 242,333 336,095 429,829 506,6 II 622,556 22.9% Total Fund Balance 5242.333 5336,095 5429.829 5506.611 5622.556 22.9% I CITY OF SEWARD HOSPITAL DEBT SERVICE FUND Budgeted Operating and Residual Equity Transfers For Fiscal Year 200 I FYOO FYOl Budget Budget Operating Transfers from Other Funds 700.000 758.000 Operating Transfers to Other Funds 0 0 Residual Equity Transfers In (Out) 0 0 Net Transfers-In (Out) $700,000 $758,000