HomeMy WebLinkAboutRes2008-113Sponsored by: Oates
CITY OF SEWARD, ALASKA
RESOLUTION 2008-113
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE PARKING F,NTERPRISE 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 Parking 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 January 1 -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.
THE CITY OF SEWARD, ALASKA
,~! .%/~'~~`c'. fir. t i ,. , L _..- c
Willard Dunham, Vice Mayor
CITY OT SEVVARD, ALASKA
RESOLUTION 2008-113
AYES: Valdatta, Bardarson, Smith, Kellar, Keil, Dunham
NOES: None
ABSENT: Corbridgc
ABSTAIN: None
ATTEST:
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PARKING REVENUE ENTERPRISE FUND
Budgeted Statement of Revenue and Expenses
and Changes in Retained Earnings
For Fiscal Year 2009
Operating revenue - pazking Fees
Operating expense:
Salaries & Benefits
Purchased Services
Supplies and Maintenance
General and Administrative
Total operating expense:
Operating income before depreciation
Depreciation
2006 2007 2008 2009 2008-09
Actual ° Actual ° Budget Budget Variance % Change
$175,792 $I82,I33 $262,820 $256,200 -$6,620 -2.5%
88,066 98,838 10I,829 100,247 -$1,582
16,417 13,000 19,575 18,750 -$825
8,472 10,554 14,325 14,975 $650
8,366 19,481 14,582 15,947 $1,365
$I2I,32I $I4I,873 $I50,3II $149,919 -$392
54,47I 40,260 I I 2,509 I06,28I
5,210 6,310 0 (1,000
Operating income (ooss} $49,26I $33,950 $I I2,509 $100,281
Non-operating revenues (expense}
Interest Income 12,567 16,244 6,000 6,000
Total non-operating revenue expense} $I2,567 $I6,244 $6,000 $6,000
Transfers to otherfunds -$14,063 -$14,571 -$21,025 -$20,469
Change in net assets $47,765 $35,623 $97,484 $85,8I2
Beginning net assets $295,462 $343,227 $378,850 $476,334
Ending net asseu ° $343,227 $378,850 $476,334 $562,I46
1.6%
4Z°o
4.5%
9.4° o
-0.3%
-5.5%
100.0%
-I0.9%
-2.6°,~°
-I2.0%
25.7°/a
I8.0%
° Ties to annual Comprehensive Annual Financial Report
CITY OF SEWARD
PARKING REVENUE ENTERPRISE FUND
Budgeted Statement of Cash Flow
For Fiscal Year 2009
Beginning Cash Balance at 1/1/08 *:
Cash is provided by (used for:
Change in net assets
Add expense items not affecting cash
Depreciation
Net cash provided by operations
Other uses of cash
Capital outlay (a)
Net increase (decrease) in cash
Estimated ending cash balance
2008 2009
Budget Budget
$325,637
2008-09
Change
$97,484 $85,812 -12.0%
0 6,000 100.0%
$97,484 $91,812 -5.8%
0 -340,000 (a) -1.0%
$97,484 -$248,188 -354.6%
$423,121 $174,933
(°~ Ties to Comprehensive Annual Financial Report
(a~ $2~Q000 -Parking Lot sealing, striping, reconfiguring; $90,000 -Lot automation.