HomeMy WebLinkAboutRes2008-115Sponsored by: Oates
CITY OF SEWARD, ALASKA
RESOLD"PION 2008-115
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SF,VVARD,
ALASKA, ADOPTING THE MOTOR POOL INTERNAL SERVICF. FUND
BUDGET FOR CALENDAR YEAR 2009
WHEREAS, on October 27, 2008, the Cily 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 THF. CITY COUNCIL OF "I'HE
CITY OF SEWARD, ALASKA, that:
~..,.
Section ]. The Motor Pool Internal Service Fund budget for Calendar Year 2009 which
is attached hereto and made a part hereof by reference and which contains estimated revenues
and expalses for the period January 1 -December 31, 2009, is HEREBY ADOPTED, and the
necessary funds arc hereby appropriated.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND APPROVED by the City Council of the Cily 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 2008-115
AYES: Valdatta, Bardarson, Smith, Kellar, Kcil, Dunham
NOES: None
ABSENT: Corbridge
ABSTAIN: None
ATTEST:
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Jca~i Lewis, CMC
CiCy Clerk
sir"rNnD*!~~~h
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(City Seal) •'~~ ~~ `~~~,~•,
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MOTOR POOL INTERNAL SERVICE FUND
Budgeted Statement of Revenues, Expenses
and Changes in Retained Earnings
For Fiscal Year 2009
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Actual * Actual * Budget Budget Variance % Change
Operating revenues -vehicle rental $5 (6,227 $492,820 5510,602 $510,602 $0 0.0%
Operating expenses -depreciation 2I 1,970 (a; 225,971 212,694 215,160 $2,466 L2%
Operating income (loss 304,257 266,849 297,908 295,442 $2,466 -0.8%
Non-operating revenue (expense)
Interest income 68,986 101,468 20,000 20,000
Interest expense (6,598) (4,055) (1,591) (66,138)
Other non-operating 5,920 2,300 0 0
Total non-operating revenue (expense) 68,308 99,713 I8,409 (46,138)
Earnings before transfers 372,565 366,562 3I6,3I7 249,304
l~ransfers (to~ from other funds 4,946 0 0 0
Change in net assets 377,511 366,562 3I6,3I7 249,304
Beginning net assets 2,498,680 2,876,I9I 3,242,753 3,559,070
Ending net assets' $2,876,19I $3,242,753 $3,559,070 $3,808,374
° Ties to annual Comprehensive Annual Financial Report
Of total depreciation expense, the following am ounts were attributable to capital assets funded wit h capital contributions,
(a} $9,729 or 5%
0
(64,547)
0 0.0%
4057.0%
I00.0%
(64,547) -350.6%
-2I.2%
0.0%
-2L2%
9.8%
7.0%
CITY OF SEWARD
MOTOR POOL INTERNAL SERVICE FUND
Budgeted Statement of Cash Flow
For Fiscal Year 2009
2008 2009 2008-09
Budget Budget % Change
Beginning Cash Balance at 1/1/08 *: $691,100
Cash is provided by (used for):
Change in net assets 3I6,3I7 249,304 -2L2%
Add expense items not affecting cash
Depreciation 2I2,694 2IS,I60 L2%
Net cash provided by operations $.529,011 $464,464 -I2.2%
Other sources of cash
Capital lease proceeds 0 L937,597 QO%
Loan repayment - SO-Ton travelift 29,221 29,22I 0.0%
Loan repayment - SGH PF,RS 98,576 98,576 0.0%
Other uses of cash
Capital heavy egtupment 0 -I,937,597 (c) 0.0%
Debt praicipal payments -46,28I (a) -28I,650 (d) 508.6%
Capital outlay -260,2I0 (b) -308,574 (e) -I8.6%
Net increase (decrease) in cash $350,317 $2,037 -99.4%
Estimated ending cash balance $1,041,417 $1,043,454
(°) 'Pies to CAFR.
(a) $46,281 represents lease payments: Grader - $30,392; Loader - $ 15,889
(b) $260,210 represents: Police - $75,210; Sander/plow - $185,000
(c) See Motor Pool Debt Service Schedule for list of capital heavy equipment.
(d) See Debt Service Schedule (fire Muck, plow sander, water tankeq loader, bucket taick, loader).
(e) See Motor Pool Capital Needs page
CITY OF SEWARD
MOTOR POOL INTERNAL SERVICE FUND
Budgeted Cash versus Capital Needs
For Fiscal Year 2009
2008
Estimated Ending cash balance at I2/3I:
$ I,04I,4I7
2009
$939,886
Cash Balance -Motor Pool Internal Service Fund - C1 9/30/08:
Motor Pool Cash Balance at 9/30/08 $1,028,628
Motor Pool Cash Purchases (excludes capital leased Budget Requests
General Fleet fuel-efficient vehicle 26,642
Police vehicle, plus specialized equipment 38,I20
Police vehicle, plus specialized equipment 38,I20
')electric vehicle for parking/parks and recreation 23,800
Electric vehicle for parking/parks and recreation 23,800
Passenger van for TYC 38,346
Passenger van for TYC 38,346
Electric excavator and trailer 8I,400
$308,574