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CITY OF SEWARD, ALASKA
RESOLUTION 2009 -105
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE WASTEWATER ENTERPRISE FUND
BIENNIAL BUDGET FOR CALENDAR YEARS 2010 AND 2011
WHEREAS, the Seward City Council met on September 14 and September 28, 2009 to
authorize budget policies and provide budget guidance to the administration, and conducted
extensive work sessions for the purpose of discussing enterprise fund capital infrastructure needs
and rate reviews on September 15, 24, 28, and 29, 2009; and
WHEREAS, on October 12, 2009, the city manager submitted to the City Council a
proposed biennial budget for the City of Seward for Calendar Years 2010 and 2011; and
WHEREAS, the biennial budget was introduced at the regularly scheduled Council
meeting on October 12, 2009, and work sessions were conducted and televised on October 13,
14, 15, and 16, 2009; and
WHEREAS, a public hearing was held on the proposed budget on November 9, with
final adoption scheduled for November 23, 2009.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Wastewater Enterprise Fund biennial budget for Calendar Years 2010 and
2011 which is attached hereto and made a part hereof by reference and which contains estimated
revenues and expenses for the period January 1, 2010 - December 31, 2011, 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 23
day of November, 2009.
THE CITY OF SEWARD, ALASKA
illard E. Dunham, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2009 -105
AYES: Valdatta, Bardarson, Smith, Keil, Shafer, Amberg, Dunham
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
JeatLewis, CMC
City Clerk
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WASTEWATER ENTERPRISE FUND
Budgeted Statement of Revenues and Expenses
_ and Change in Net Assets
For Fiscal Year 2010 and 2011
2008 2009 20I0 20II
Actual ° Budget Budget Budget
Operating revenues:
Residential 442,273 430,000 46I,120 484,637
Small General Service I10,287 I08,000 111,088 116,753
Large General Service I79,035 I95,000 I88,640 I98,260
SMIC Sales 49,878 56,000 4I,920 44,058
Miscellaneous I9,622 2,500 2,000 2,000
Total operating revenues: $80I,095 $79I,500 $804,768 $845,708
Operating expenses before depreciation:
Salaries & Benefits 236,490 199,400 260,388 268,I07
Purchased services I37,I71 484,000 218,800 227,400
Supplies & Maintenance IO2,461 112,250 110,950 1I2,450
General & Administrative I48,0I7 I57,966 I66,I53 I73,045
Total Operating Expenses: $624,I39 $953,616 $756,291 $781,002
„.. Operating income before depreciation 176,956 -162,1 16 48,477 64,706
Depreciation 275,745 (c) 277,286 (d; 276,609 272,794
Operating Income (Loss) - $98,789 - $439,402 - $228,I32 - $208,088
Non - operating revenues (expenses)
Interest income 26,576 30,000 26,200 26,200
Interest expense -5,054 -4,466 -3,603 -2,727
Other non - operating revenue IL980 0 0 0
Total non - operating revenues (expenses) $33,502 $25,534 $22,597 $23,473
Income (loss) before operating transfers - $65,287 - $4I3,868 - $205,535 - $184,615
Capital contributions and special item 259,I37 0 0 0
Net transfers In (Out) - 69,087 - 68,320 - 66,940 - 67,970
Change in net assets $I24,763 - $482,I88 - $272,475 - $252,585
Beginning net assets $5,942,889 $6,067,652 $5,585,464 $5,3I2,989
Ending net assets $6,067,652 $5,585,464 $5,3I2,989 $5,060,404
# Ties to annual Comprehensive Annual Financial Report
"-. Of total depreciation expense, the following amounts were attributable co capital assets funded with capital contributions:
(a) $2I5,80I or 78 %; (b) $214,611 or 77 %; (c) $2I5,657 or 78 %; (d) $2I5,657 or 79%
CITY OF SEWARD
WASTEWATER ENTERPRISE FUND
Budgeted Statement of Cash Flow
For Fiscal Year 2010 and 2011
2009 20I0 20I1
Budget Budget Budget
Beginning cash balance at I /I /09: ° $356,104
Cash is provided by (used for):
Change in net assets - $482,188 - $272,475 - $252,585
Add expense items not affecting cash
Depreciation 277,286 276,609 272,794
Net cash provided by (used for) operations - $204,902 $4,I34 $20,209
Other uses of cash
Debt principal payments - 57,571 - 58,417 (a) - 59,274 (c)
Capital outlay - 64,000 - 20,000 (b) - 20,000 (d)
Net increase (decrease) in cash - $326,473 - $74,283 - $59,065
Estimated ending cash balance $29,63I - $44,652 - $103,7I7
( °) Ties to CAFR and includes only Wastewater Enterprise Fund; excludes related capital projects. See below.
(a) $58,417 represents: Dairy Hill sewer loan principal - $I,333; Lowell Point sewer lagoon loan principal - $57,084
(b) $20,000 capitalized infrastructure costs; No Motor Pool contribution; No Depreciation reserve contribution.
(c) $59,274 represents: Dairy Hill sewer loan principal - $ I,333; Lowell Point sewer lagoon loan principal - $57,941
(d) $20,000 infrastructure; No equipment; No Motor Pool contribution; No Depreciation reserve contribution.
Cash Balance - Wastewater Fund & Related Capital Projects (@ 9/30/09):
Fund 703 - Wastewater Enterprise Fund $229,752
Fund 702 - Major Maintenance, Repair & Replacement Fund 163,938 Designated for capital items below
Fund 706 - Backup Generator at Lift Station #3 22,430 Designated for capital project
Total Wastewater - related Cash: $4I6,120