HomeMy WebLinkAboutRes2001-151
I
I
I
Sponsored by: Janke
CITY OF SEWARD, ALASKA
RESOLUTION 2001-151
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE WATER AND SEWER ENTERPRISE 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 Water and Sewer Enterprise 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
?"x. r3~ -Lt -J
Edgar Blatchford, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2001-151
AYES: Blatchford, Brossow, Branson, Calhoon, Clark, Ou, Shafer
NOES: None
ABSENT: None
ABSTAIN: None
ArrEST:
~ .
/~~u
atrick Reilly ~
City Clerk
(City Seal)
\\',......",
~,\~ Of SE:t.fI. "'~
.t ~ ....ii.pof;~.:~a 'e::.
:: CJ ..,,.0 . "V'~~'. '"
.... ....v '0.'"
.. : ~....... ~-:
.. . . .
.. : SE:\AL :...
=.: .. : =
- . . ..
~\ --- 1=
~ e. ~ ~... ~
'1. \!l~"~1'E 1.~~>_____~$
..,. -7~...... ftl....v....
'~" ',,: 0- A~r ~..
"'-; ,.. l'"' "
"'"'11"\\'
I
WATER/SEWER ENTERPRISE FUND
Budgeted Statement of Revenues and Expenses
and Changes in Retained Earnings
For Fiscal Year 2002
FY99 FYOO FYOl FY02 FY01.02
Actual Actual Budget Budget % Change
Operating revenues:
Residential 571,985 581,698 576,000 573,200 -0.5%
Small General Service 130,944 142,443 132,000 131,500 -0.4%
Latge General Service 263,815 284,088 264,000 264,000 0.0%
SMIC Power Sales 112,421 124,521 II 6,000 115,000 -0.9%
Industrial Sales 128,166 133,158 128,000 128,000 0.0%
MisceUaneous 68.274 68,930 67,700 67,500 -0.3%
Charges for Services 79,566 126,467 75,000 75,000 0.0%
Total operating revenues: $1,355,171 $1,461,305 $1,358,700 $1,354,200 -0.3%
Operating expenses before depreciation:
Salaries 161,135 167,465 185,008 227.250 22.8%
Employee benefits 55,049 86,946 68,917 90,850 31.8%
Purchased services 235,1 I3 245,171 323.217 271 ,821 -15.9%
Supplies & Maintenance 79,465 189,120 203,625 212,125 4.2%
General & Administrative 280,792 342,783 356,435 356, I 58 -0.1%
I Total Operating Expenses: $811,554 $1,031,485 $1,137,202 $1,158,204 1.8%
Operating income before depreciation 543,617 429,820 221,498 195,996 .11.5%
Depreciation 375,474 377,101 386,257 388,394 0.6%
Operating Income (Loss) $168,143 $52,719 ($164,759) ($192,398) 16.8%
Non-operating revenues (expenses)
Interest income 68,449 102,470 30,000 65,000 II 6.7%
Interest expense (34,841) (32.315) (30,847) (16,693) -45.9%
Other non-operating revenue (expense) 0 24,800 0 0 0.0%
Total non-operating revenues (expenses) $33,608 $94,955 ($847) $48,307 -5803.3%
Income (loss) before operating transfers $201,751 $147,674 ($165,606) ($144,091) -13.0%
Operating transfers (to) from other funds 0 (76,840) (73,255) (52,840) -27.9%
Net income (loss) $201,751 $70,834 ($238,861) ($196,931) -17.6%
Amortiution of contributions in aid 292,718 298,769 298,769 299,647 0.3%
Increase (Decrease) in Retained Earnings $494,469 $369,603 $59,908 $102,716 71.5%
Retained earnings at beginning of year $2,742,435 $3,482,975 $3,611,460 $3,671,368 1.7%
Residual equity transfers (20,000) 0 0 0 0.0%
Increase in Retained Earnings from Six-Monch Period 266,07 I 0 0 0 0.0%
I
Retained earnings at end of year
Designated for Water MRRF 75,000 11,566 (45,98 I) 4,019 -108.7%
Designated for Sewer MRRF 58,493 115,058 133,966 133,966 0.0%
Water/Sewer Undesignated 3,349,482 3,725,954 3,583,383 3.636.099 1.5%
Total Retained Earnings $3,482,975 $3.852,578 $3,671,368 $3.774.084 2.8%
166
CITY OF SEWARD
WATER/SEWER ENTERPRISE FUND
Budgeted Statement of Cash Flow
For Fiscal Year 2002
FYOl FY02 FYOI-02
Budget Budget % Change
Beginning Cash Balance at 111/01: $1,496,498 *
Cash is provided By (Used For):
Net Income/(Loss) ($238,861) ($196,931) 17.6%
Add Expense Items Not Affecting Cash
Depreciation 386,257 388,394 0.6%
Net Cash Provided By (Used For) Operations $147,396 $191,463 29.9%
Other Uses of Cash
Debt Principal Payments (42,331) (a) ( 48.479) (c) -14.5%
Capital Outlay (I99,665)(b) (I 65,250) (d) 17.2%
Net Increase (Decrease) in Cash ($94,600) ($22,266) 76.5%
Estimated Ending Cash Balance $1,401.898 $1.379.632
Water/Sewer-Relared Capital Projects; Cash Balance at 9/30/2001
F1Uld 702 - Major Maintenance, Repair & Replacement Fund
Fund 703 - Well House #6
Fund 704 - Forest Acres/Gateway Water and Sewer Lines
Fund 70S - Well House #2 Chlorination Room
Fund 706 - Backup Generator at Lift Station #3
Fund 707 - Storage Tanks
Fund 708 - Fire Hydrant. Phase II
87,985
76,687
59,586
28.499
II 4,726
100,749
76,340
. Includes only Water and Sewer Enrerprise Fund; excludes rdated capital projects
(a) $42,311 represents: Dairy Hill sewer loan principal- $ I,3 12; Lowell Point sewer lagoon loan principal- $41,019
(b) $199.665 represents: Equipment - $27,250; Capitalized infrastructure COsts - $40.000. MRRF - $37,815. Grant match _ $94.600
Cc) $48,479 represents: Dairy Hill sewer loan principal- $1,333: Lowell Point sewer lagoon loan principal- $47,146
(d) $165,250 represents: Equipment - $75,250; Capitalized infrasrructure costs - $40,000; MRRF - $50.000
167