HomeMy WebLinkAboutRes2001-150
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CITY OF SEWARD, ALASKA
RESOLUTION 2001-150
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE MOTOR POOL INTERNAL SERVICE FUND
BUDGET FOR CALENDAR YEAR 2002
WHEREAS, on October 8, 2001, the City Manager submitted to the City Council a
proposed budget for the City of Seward for Calendar Year 2002; and
WHEREAS, the City Council met in work sessions to review the proposed budget on
October 15, 16, 17, and 18, 2001; and
WHEREAS, public hearings were held on the proposed budget on November 5,
November 14, and November 19,2001;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Motor Pool Internal Service Fund budget for Calendar Year 2002 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, 2002, is HEREBY ADOPTED.
Section 2. This resolution shall take effect January 1, 2002.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 19th day
of November, 2001.
THE CITY OF SEWARD, ALASKA
.G-, (?~f---1~ J
Edgar Blatchford, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2001-150
AYES: Blatchford, Brossow, Branson, Calhoon, Clark, Orr, Shafer
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
~/~
Patrick Reilly
City Clerk
(City SeaptUUH"r
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MOTOR POOL INTERNAL SERVICE FUND
Budgeted Statement of Revenues, Expenses
and Changes in Retained Earnings
For Fiscal Year 2002
FY99 FYOO FYOl FY02 FYOI-02
Actual Actual Budget Budget % Change
Operating revenues:
Vehide Rentals 169,440 213,983 219,920 330,471 50.3%
Total operating revenues: $169,440 $213,983 $219,920 $330,471 50.3%
Operating expenses:
General & Administrative 0 0 0 0 0.0%
Total operating expenses: 0 0 0 0 0.0%
Operating income before depreciation 169,440 213,983 219,920 330,471 50.3 %
Depreciation 120,108 131,739 137,082 164,853 20.3%
Operating Income (Loss) $49,332 $82,244 $82,838 $165,618 99.9%
INon-operating revenues (expenses)
Inrerest income 16,665 22,478 12,000 14,000 16.7%
Interest expense (19,801) (12,547) (7,746) (22,028) 184.4%
Total non-operating revenues (expenses) ($3,136) $9,931 $4,254 ($8,028) -288.7%
Income (loss) before operating transfers $46,196 $92,175 $87,092 $157,590 80.9%
Operating transfers (to) from other funds 0 0 35,000 0 0.0%
Net income (loss) $46,196 $92,175 $122,092 $157,590 29.1%
Amortization of OA 19,459 9,729 9,729 9,729 0.0%
Increase (decrease) in Retained Earnings $65,655 $101,904 $131,821 $167,319 26.9%
Retained earnings at beginning of year $129,832 $228,975 330,879 462,700 39.8%
Increase in Retained Eamings from Six-Month Period $33,488 $0 $0 $0 0.0%
Budgeted Retained earnings at end of year
I Undesignated 228,975 330,879 462,700 630,019 36.2%
Total Retained Earnings $228.975 $330.879 $462.700 $630.019 36.2%
182
CITY OF SEWARD
MOTOR POOL INTERNAL SERVICE FUND
Budgeted Statement of Cash Flow
For Fiscal Year 2002
FYOl FY02 FYOI-02
Budget Budget % Change
Beginning Cash Balance at 1/1/01: $456,980
Cash is provided By (Used For):
Net Incomel(Loss) $122,092 $157,590 0.0%
Residual equity transfers 0 0 0.0%
Add Expense Items Not Affecting Cash
Depreciation 137,082 164,853 0.0%
Net Cash Provided By (Used For) Operations $259,174 $322,443 0.0%
Other Sources of Cash
Capital Lease Proceeds 373,044 0 -100.0%
Other Uses of Cash
Debt Principal Payments (75,852) Ca) (IOI,824) (c) -15.3%
Capital Outlay (482,157)(b) (60,000) (d) 9924.0%
Net Increase (Decrease) in Cash $74,209 $160,619 -55.0%
Estimated Ending Cash Balance $531,189 $691,808
Ca) $75.852 represents: Rescue & Pumperrruck - $46,571; MoIOr Grader - $25.568; Sand Truck - $3,713
Cb) $482.157 represents: $34,837 harbor truck; $14.000 two used P&R trucks; $174.500 loader; $183,544 grader; $15.000 trailer;
and $30,137.80 police Explorer; $30,137.80 police Explorer
C c) $101.824 represents: 94 Grader - $6.654; Rescue & Pumper Truck - $49.071; 2000 Grader - $22,388; 2000 Loader - $23,71 1
Cd) $60,000 represents: Purchase of one police Crown VicIOtia veh'f~3 $30,000 and one Harbor replacement rruck - $30,000