HomeMy WebLinkAboutRes2009-111 Sponsored by: Oates
CITY OF SEWARD, ALASKA
RESOLUTION 2009 -111
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE MOTOR POOL INTERNAL SERVICE 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 biennia] 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 Motor Pool Internal Service 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. 1 unham, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2009 -111
OMNIO
AYES: Valdatta, Bardarson, Smith, Keil, Shafer, Amberg, Dunham
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
k 4:4 i
Jean Lewis, CMC �
City Clerk
(City Seal)
1 : n ' w( A O
M s 6 9
c• .F
rr� a
{ 9 r
FI
M^ y/ t pn�• tms b
II 01°.144
mow
MOTOR POOL INTERNAL SERVICE FUND
Budgeted Statement of Revenues, Expenses
~-• and Change in Net Assets
For Fiscal Year 20I0 and 2011
2008 2009 2010 2011
Actual * Budget Budget Budget
Operating revenues - vehicle rental $5I2,I93 $5I0,602 $435,382 $428,682
Operating expenses - depreciation and other 2I6,804 2I5,I60 325,577 373,368
Operating income (loss) 295,389 295,442 I09,805 55,3I4
Non - operating revenue (expense)
Interest income 111,821 20,000 I0,000 I0,000
Interest expense (205) (35,8I3) (59,843) (66,5I0)
Other non - operating 20 0 0 0
Total non- operating revenue (expense) III,636 (15,8I3) (49,843) (56,5I0)
Earnings before transfers 407,025 279,629 59,962 (I,I96)
Transfers (to) from other funds 0 0 0 0
Change in net assets 407,025 279,629 59,962 -I,I96
Beginning net assets 3,242,753 3,649,778 3,929,407 3,989,369
Ending net assets $3,649,778 $3,929,407 $3,989,369 $3,988,I73
* Ties to annual Comprehensive Annual Financial Report
CITY OF SEWARD
MOTOR POOL INTERNAL SERVICE FUND
Budgeted Statement of Cash Flow . - .
For Fiscal Year 2010 and 201
2009 2010 2011
Budget Budget Budget
Beginning Cash Balance at 1/1/09 *: $1,103,582
Cash is provided by (used for):
Change in net assets 279,629 59,962 -I,I96
Add expense items not affecting cash
Depreciation 2I5,I60 325,577 373,368
Net cash provided by operations $494,789 $385,539 $372,172
Other sources of cash
Capital lease proceeds 947,262 0 0
Loan repayment - 50 -Ton travelift 29,22I 29,22I 29,22I
Loan repayment - SGH PERS 98,576 98,576 98,576
Other uses of cash
Debt principal payments - 259,439 - 278,779 (a) - 307,502 (c)
Capital outlay - 720,50I - 266,000 (b) - I30,000 (d)
Net increase (decrease) in cash $589,908 - $31,443 $62,467
Estimated ending cash balance $1,693,490 $1,662,047 $1,724,514
O Ties to CAFR.
(a) $223,662 represents lease payments: Fire - $96,777; Plow - $26,213; Water Tanker - $ 19,416; Loaders - $8I,256
(b) Sec Motor Pool Fund Capital Replacement Requirements List for 2010 items.
(c) $233,216 represents lease payments: Fire - $99,966; Plow - $27,8I0; Water Tanker - $20,899; Loaders - $84,541
(d) See Motor Pool Fund Capital Replacement Requirements List for 2011 items.