HomeMy WebLinkAboutRes2008-111Sponsored by: Oates
CITY OF SF,WARD, ALASKA
RESOLUTION 2008-111
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE WASTEWATER ENTERPRISE FUND
BUDGET FOR CALENDAR YEAR 2009
WHEREAS, on October 27, 2008, the City Manager submitted to the City Council a
proposed budget for the City of Seward for Calendar Year 2009; and
WHEREAS, the budget was introduced at the regularly scheduled Council meeting on
October 27, 2008, and work sessions were conducted and televised on October 28, October 29,
and October 30, with a final non-televised work session on December 1, 2008; and
WHEREAS, a public hearing was held on the proposed budget on November 24, with
final adoption scheduled for December 8, 2008.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Wastewater Enterprise Fund budget for Calendar Year 2009 which is
attached hereto and made a part hereof by reference and which contains estimated revenues and
expenses for the period .Tanuary I -December 31, 2009, is HEREBY ADOPTED, and the
necessary funds are hereby appropriated.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 8th
day of December, 2008.
"fHE CITY OF SEWARD, ALASKA
/~ i ~ - -
Willard Dunham, Vice Mayor
CITY OF SF.WARD, ALASKA
RESOLUTION 2008-111
AYES: Valdatta, Bardarson, Smith, Kellar, Keil, Dunham
NOES: None
ABSENT: Corbridge
ABSTAIN: None
ATTEST:
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WASTEWATER ENTERPRISE FUND
Budgeted Statement of Revenues and Expenses
and Changes in Retained Earnings
For Fiscal Year 2009
2W6 2007 2008 2009 2008-09
Actual' Actual' Budget Budget Variance % Change
Operating revenues:
Residential 429,636 428,134 447,651 430,000 -17,651 -3.9%
Small General Service 1 12,041 103,266 108,000 108,000 0 0.0%
LargeGcneralService 189,114 189,32I 198,451 195,W0 -3,451 -L7%
SMIC Sales 58,800 55,351 60,000 56.OW -4,000 -6.7%
Miscellaneous 21,955 24,096 3,500 2,500 -1,000 28.6%
Total operating revenues: $8I I,546 $800,I68 $SI7,602 $79I,500 -$26,102 -3.2%
Operating expenses before depreciation:
Salaries & Benefits 117,075 172,599 193,881 199,400 5,5 (9 3.8°io
Purchased services 108,493 112.865 171,000 ] 71,000 0 0.0%
Supplies & Maintenance 59,5211 57,205 1 12,250 112,250 0 0.0°,~~
General & Administrative 122,084 121,830 146,538 157,966 11,428 7.8°,/°
ToalOperatingExpenses: $407,I78 $464,499 $623,669 $640,616 $16,947 2.7%
Operating income before depreciation 404,368 335,669 I93,933 150,884 _22,2%
Depreciation 279,995 (a; 279,214 (b; 274,656 (~; 277,286 (d) L0%
Operating Income (Loss) $I24,373 $56,455 -$80,723 -$I26,402 56.6%
Non-operating revenues (expenses)
Interest income 28,550 34,347 14,100 30,000 112.8%
Interest expense -6,816 -6,156 -5,3]8 -4,466 -16.0%
Other non-operating revemte 4,112 2,181 0 0 0.0°iu
Total non-operating revenues (expenses) $25,846 530,372 $8,782 $25,534 I90.8%
Income (loss) before operating transfers $I50,2I9 $86,827 -$7I,94I -$100,868 40.2%
Capital contributions 0 27,688 0 0
Transfers out -70,378 185,987 -7Q408 -68,320 3.0%
Change in net useu $79,841 -$7I,472 -$I42.349 -$I69,I88 18.9%
Beginning net users $5,934,52I $6,OI4,362 $5,942,890 $5,800,54I
Ending net users ° $6,OI4,362 $5,942,890 $5,800,54I $5,631,353
" Ties to annual Comprehensive Annual Financial Report
Of total depreciation expense, the following amounts were attributable to capital assets funded with capital contributions:
(a, $214,878 ar 77%; ~bj $214,878 or 77°%0; (c) $214,878 or 79°/n; (d} $214,61 l or 78%
CITY OF SEWARD
WASTEWATER ENTERPRISE FUND
Budgeted Statement of Cash Flow
For Fiscal Year 2009
Beginning cash balance at I/I/08: °
Cash is provided by (used for):
Change in net assets
Add expeiue items not affecting cash
Depreciation
Net cash provided by (used for) operations
Other uses of cash
Debt principal payments
Capital outlay
Net increase (decrease) in cash
Estimated ending cash balance
2008 2009 2008-09
Budget Budget % Change
$517,133
$142,349 -$IG9,188 -[8.9%
274,656 2.77,286 LO°~o
$132,307 $108,098 -18.3%
-56,743 (a) -57,571 (c) -LS%
-24,000 (b) -64,000 (d) -166.7%
$51,564 -$[3,473 -126.1`%
$568,697 $555,224
(°) Ties m CAFR and includes only Wastewater Enterprise Fund; excludes related capital projects. See below.
(a) $56,743 represents: Dairy Hill sewer loan principal - $1,333; Lowell Point sewer lagoon loan principal - $55,410
(b) $24,000 represents: $20,000 capitalized infrastructure cos[s; $4,000 Motor Pool; No Depreciation reserve contribution.
(c) $57,571 represents: Dairy Hill sewer loan principal - $1 i33; Lowell Point sewer lagoon loan principal - $56,238
(d) $64,000 represents: $20,000 infrassu~ucture; $40,000 equipment; $4,000 Moor Pool; No Depreciation reserve contribution.
CITY OF SEWARD
WASTEWATER ENTERPRISE FUND
Budgeted Cash versus Capital Needs
For Fiscal Year 2009
2008 2009
Estimated Ending cash balance at I2/3I: $568,697 $555,224
Cash Balance -Wastewater Fund & Related Capital Projects (@ 9/30/08:
Fund 703 -Wastewater Enterprise Fund $3$2,27$
Fund 702 -Major Maintenance, Repair & Replacement Fur I63,938 Designated for capital items below
Fund 706 -Backup Generator at Lift Station #3 43,622 Designated for capital project
Total Wastewater-related Cash: $589,838
Wastewater Capital Budget Requests
Lift Station #2 -Remove and replace dry well $ I2Q000
Lift Station No. 3 92,000
Wastewater system assessrnent 150,000
Recondition 4 manholes 72,000
Dispose of sludge and sawdust piles at SMIC 360,000
Upgrades at SMIC due to prison expansion 600,000
Sewer lagoon repairs (EPA-mandated I50,000
AVTEC fire training sewer system -engineering only I2Q000
$I,664,000