HomeMy WebLinkAboutRes2000-139
I
I
I
Sponsored by: Janke
CITY OF SEWARD, ALASKA
RESOLUTION 2000-139
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE WATER AND SEWER 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 Water and Sewer 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
r- I L,~[ LJ
Edgar Blatchford, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2000-139
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Brossow, Orr, Shafer
None
Calhoon, Clark, King
None
ATTEST:
(Ci~'l!~lw!r~"I',,_.
~'li -{ C"f S.-; '~~
~~ ~ ..."...." ", ::;.....
~ c} "'O?PO,<i..( ,'~'
~~'i . .~v ,#'<.>," ~ .." (,t
:: ,,'.~ -+- c; "c "'.
k.:i ~ '~ " 1
.. " SEAL" ,"
:g@! 8~~.;
Ul . . ..~
1>tl 0 ~.. . CJ
~ 0"".. <. ~".J {r.:/
.r; n ,,",~ ".1...,,,)
~ c,;.,.'..-;;....... 1 \'J'.-' ""?' {"
"'.4, , d' " 4; I -;0'.,", "I.'"'' If)
v, t,~. "''''ft,. II;>~ .-<::'11'" _ ~
~~I; Ii; OF J..,I,..' 't""Y
"'IDnunt\ll
WATER/SEWER ENTERPRISE FUND
Budgeted Statement of Revenues and Expenses
and Changes in Retained Earnings
I For Fiscal Year 2001
FY98 FY99 Six-Month FYOO FY01 FYOO-01
Actual Actual Actual Budget Budget %Chg
Operating revenues:
Residential 572.299 571,985 288,620 571,000 576.000 0.9%
Small General Savicc 134.903 130.944 73.019 130.000 132.000 1.5%
Large Gmeral Service 244,356 263.815 151.437 264.000 264.000 0.0%
SMIC Power Sales 136.870 II2.42 I 59.578 II 5.000 11 6.000 0.9%
Induscrial Sales 122.429 128,166 71 ,570 129.000 128.000 -0.8%
MiscdIaneous 77.889 68,123 41,615 67.200 67,700 0.7%
Charges for Services 143.780 79,716 89,369 75.000 75.000 0.0%
Total operating revenues: 51,432,526 51,355,170 5775,208 51,351,200 51,358,700 0.6%
Operating expenses before depreciation:
Salaries 171,086 161,135 80.704 169,983 185.008 8.8%
Employee benefits 50,085 55,049 26,541 68,787 65,332 -5.0%
Purchased senrice5 269,602 235,113 135,383 307,2I7 314.717 2.4%
Supplies & Maintenance 91,803 79,465 40,070 138.345 212.125 53.3%
General & Administrative 303.810 280.792 191.628 341,701 356,435 4.3%
Total Operating Expenses: 5886,386 5811,554 $474,326 51,026,033 51,133,617 10.5%
Operating income before depreciation 546,140 543,616 300,882 325,167 225,083 -30.8.;'
I Depreciation 383.872 375.474 183,835 367.503 386.257 5.1%
Operating Income (Loss) 5162,268 5168,142 5117,047 (542,336) (5161,174) 280.7~.
Non-operating revenues (expenses)
Interest income 64.609 68,449 49.430 41.500 30,000 -27.7%
Interest expense (36.338) (34.84 1) (17,007) (32.604) (30.847) -5.4%
Ocher non-operating revenue (expense) 0 0 0 9.072 0 -100.0%
Total non-operating revenues (expenses) 528,271 533,608 532,423 517,968 (5847) -104.7%
Income (loss) before operating transfen 5190,539 5201,750 5149,470 (524,368) (5162,021) 564.9%
Operating trmsf... (to) from other funds 0 0 (76,840) (76.840) (76.840) 0.0%
Net income (loss) 5190,539 5201,750 572,630 (5101,208) (5238,861) 136.0%
Increase in R/E for redass from contributed capital 0 0 48,220 0 0
Amortization of conuibution5 in aid 292.718 292.718 146.730 292.718 298.768 2.1%
Increase (Decrease) in Retained Earnings $483,257 $494,468 5267,580 5191,510 559,908 -68.7%
Retained earnings at beginning of year 52,452,415 52,742,434 53,216,902 53,482,976 53,674,486 5.5%
Residual equity transfers 0 (20,000) (I,506) 0 0 0.0%
Prior period adjuument (193.238) 0 0 0 0 0.0%
Retained earnings at end of year
Designated for Water MRRF 25.000 75.000 100.000 11,566 30,473 163.5%
I Designated for Sewer MRRF 25.000 58.493 83,493 115,058 133.966 16.4%
Watcr/Sewer Undesignated 2.692.434 3.083.409 3.299.483 3.547.862 3.569,955 0.6%
Total Retained Earnings 52,742.434 53.216.902 53.482.976 53.674.486 53,734,394 1.6%
OTY OF SEW ARD
WATER/SEWER ENTERPRISE FUND
Budgeted Statement of Cash How
For Fiscal Year 2001
FYOO FYOl FYOO-Ol
Budget Budget %Chg
Cash is provided By (Used For):
Net Income/(Loss) ($101,208) ($238,861) -136.0%
Add Expense Items Not Affecting Cash
Depreciation 367,503 386,257 -5.1%
Net Cash Provided By (Used For) Operations $266,295 $147,396 44.6%
Other Uses of Cash
Debt Principal Payments ( 40,636) (a) ( 42,331) (c) -4.2%
Capital Outlay (357,250)(b) (I99,665)(d) 44.1%
Net Increase (Decrease) in Cash ($131,591) ($94,600) 28.1%
(a) $40,636 represents: Dairy Hill sewer loan principal- $1,312; Lowell Point sewer lagoon loan principal- $39.324
(b) $357,250 represents: EquiFment - $27,250: Capital Budget - $330.000 (partial from cash surplus $173,131. from Water MRRF - $106.985.
and from Sewer MRRF - $49.884)
C c) $42.331 represents: Dairy Hill sewer loan principal - $1.312: Lowell Point sewer lagoon loan principal- $41.019
Cd) $199.615 represents: Equipment - $27,250; Capitalized inttastrucrure costs - $40.000; MRRF - $37.815; Grant match - $94.600