HomeMy WebLinkAboutRes2000-136
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CITY OF SEWARD, ALASKA
RESOLUTION 2000-136
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE PARKING REVENUE ENTERPRISE FUND
BUDGET FOR CALENDAR YEAR 2001
WHEREAS, effective January 1,2000 the City's fiscal year changed from a July 1 - June
30 fiscal year to a January 1 - December 31 fiscal year; and
WHEREAS, on October 9,2000, the City Manager submitted to the City Council a proposed
budget for the City of Seward for Calendar Year 2001; and
WHEREAS, the City Council met in work sessions to review the proposed budget on
October 17, 18, 19, and 20, 2000; and
WHEREAS, public hearings were held on the proposed budget on November 6, 2000 and
November 20,2000;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The Parking Revenue Enterprise Fund budget for Calendar Year 2001 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, 2001, is HEREBY ADOPTED.
Section 2. This resolution shall take effect January 1,2001.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 20th
day of November, 2000.
THE CITY OF SEWARD, ALASKA
L.L. / J."" 11-1 "
Edgar Blatchford, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2000-136
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Brossow, Orr, Shafer
None
Calhoon, Clark, King
None
ATTEST:
Patrick Reilly
City Clerk
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PARKING REVENUE ENTERPRISE FUND
Budgeted Statement of Revenue and Expenses
and Changes in Retained Earnings
I For Fiscal Year 2001
FY98 FY99 Six-Month FYOO FYOl FYOO-Ol
Actual Actual Actual BudRet Budget %Chg
Operating revenues:
Parking revenue 0 55.840 78270 120.000 120.000 0.0%
Contract fees 67.585 34,823 0 0 0 0.0%
Total operating revenues: $67,585 $90,663 $78,270 $120,000 $120,000 0.0%
Operating expenses:
Salaries 0 14.490 20.183 35.400 33.777 -4.6%
Employee Benefits 0 1.895 2,877 4.600 2.746 -40.3%
Purcluscd Services 34.982 19.051 0 17,000 22.831 34.3%
Supplies and Maintenance 3.371 41,416 929 II ,400 13.000 14.0%
Gencnl and Administrative 5.678 10.358 9.518 16.400 17.925 9.3%
Total operating expenses: 544,031 $87,21 0 $33,507 $84,800 $90,279 6,5%
Operating income before depreciation 23,554 3,453 44,763 35,200 29,721 -15.6%
Depreciation 0 0 3.807 0 43.813 100.0%
Operating Income (Loss) $23,554 $3,453 $40,956 $35,200 ($14,092) -140.0%
I Non-operating revenues (expenses)
Interest Income 834 1.657 2.425 0 0 0.0%
Interest Expense 0 0 0 0 0 0.0%
Total non-operating revenues (expenses) $834 $1,657 $2,425 $0 $0 0.0%
Operating transfers (to) rrnm other foods $0 $0 $0 $0 $0 0.0%
Net Income (Loss) $24,388 $5,110 $43,381 $35,200 ($14,092) -140.00;'
Amottization of CIA 0 0 0 0 42.589 0.0%
Increase (decrease) in Retained Earnings $24,388 $5,110 $43,381 $35,200 $28,497 -19.0%
Retained earnings at beginning of year $11,201 $35,589 $40,699 $84,080 5119,280 41.9%
Retained earnings at year-end $35.589 $40,699 $84,080 5119.280 $147,777 23.9%
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CITY OF SEWARD
PARKING REVENUE ENTERPRISE FUND
Budgeted Statement of Cash Flow
For Fiscal Year 200 I
FYOO FY01 FYOO-Ol
Budget Budget %Chg
Cash is provided By (Used For):
Net Income/(Loss) $35,200 ($14,092) -140.0%
Add Expense Items Not Affecting Cash
Depreciation 0 43,813 100.0%
Net Cash Provided By (Used For) Operations $35,200 $29,721 -15.6%
Other Uses of Cash
Debt Principal Payments 0 0 0.0%
Capital Outlay (61,908)(a) (IO,OOO)(b) -83.8%
Net Increase (Decrease) in Cash ($26.708) $19.721 173.8%
(a) Represents $61.908 for paving parking lots
(b) Represents $ I 0,000 for equipment