HomeMy WebLinkAboutRes2008-114Sponsored by: Oates
CITY OF SEWARD, ALASKA
RESOLUTION 2008-114
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, AllOPTING THE HOSPITAL DEBT SERVICE FUND BUDGET
FOR CALENDAR YEAR 2008
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
WIIEREAS, 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 1T RESOLVED BY THE CITY COUNCIL OF THE
CI'T'Y OF SEWARD, ALASKA, that:
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Section 1. The Hospital Debt Service Fund budget for Calendar Year 2009 which is
attached hereto and made a part hereof by reference and which contains estimated revenues and
expenditw-es 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
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Willard Dunham, Vice Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2008-114
AYES: Valdatta, Bardarson, Smith, Kellar, Keil, Dunham
NOES: None
ABSENT: Corbridge
ABSTAIN: None
ATTEST:
,:
Jea$ Lewis, CMC
City Clerk
(City Seal) ~aa~RnQi~
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HOSPITAL DEBT SERVICE FUND
Budgeted Statement of Revenues, Expenditures, Other Financing
Sources (Uses and Changes in Fund Balance
For Fiscal Year 2009
Revenues (investment earnings):
Expenditures:
Debt service principal
Deb[ service interest and other costs
Hospital contributions for operational shortfall
Total expenditures
2006 2007 2008 2009 2008-09
Actual * Actual * Budget Budget Variance "/o Change
$25,864 $22,649 $18,000 $22,890 $4,890 27.2°/"
649,540 605,000 64(1,00(1 685,000 $45,000 7.0%
282,151 137,037 123,788 107,169 -$16,619 -13.4%
0 0 0 500,000 $500,000 0.0%
$931,691 $742,037 $763,788 $1,292,169 $528,381 69.2%
Excess (deficit) of revenues over expenditure! -$905,827 -$719,388 -$745,788 -$1,269,279
Operating transfers from other funds 879b08 1,003,079 1,031,977 1,025,000
Operating transfers to other funds 0 0 -134,704 -134,704
Net change in fund balance
-$26,219 $283,691 $151,485 -$378,983
70.2%
-0.7"/0
0.0%
-350.2"/°
Beginning fund balance $688,006 $661,787 $945,478 $1,096,963 16.0%
Ending fund balance * $661,787 $945,478 $1,096,963 $717,980 -34.5"/0
° Ties to annual Comprehensive Annual Financial Reporr