HomeMy WebLinkAboutRes1995-054
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Sponsored by: Tones
CITY OF SEWARD, ALASKA
RESOLUTION NO. 95-054
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, ADOPTING THE MOTOR POOL INTERNAL SERVICE
FUND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 1995
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The city Motor Pool Internal Service Fund budget for the fiscal year
beginning July 1, 1995, which is attached hereto and made a part hereof by reference,
and which contains estimated Motor Pool Internal Service Fund revenues and
expenditures for Fiscal Year 1996, is HEREBY ADOPTED.
Section 2. This resolution shall take effect July 1, 1995.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
SEWARD, ALASKA, this 12th day of June, 1995.
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
THE CITY OF SEWARD, ALASKA
NAf: V. ~ (OWA"'--'
Dave W. Crane, Mayor
Anderson, Crane, Darling, Deeter, King, O'Brien, Sieminski
None
None
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(City Seal)
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CITY OF SEWARD
Motor Pool Fund
Statement of Revenues, Expenses and
Changes in Retained Eamings
For Budget Year Ending June 30, 1996
1994 Y-T-D Thru
Actual 02/95
FY95
Revised
Budget
FY96
Proposed
Budget
" Chg
Fm FY95
Budget
Operating Revenues:
Vehicle Rentals 52,491 55,733 118,640 144,690 22.0%
Total operating revenues 52,491 55,733 118,640 144,690
Operating Expenses:
Before depreciation:
Administration & General 0 0 0 0 0.0%
Total before depreciation 0 0 0 0
Operatina Income before depreciation 52,491 55,733 118,640 144,690 22.0"
Depreciation 38,440 47,208 70.811 95,332 34.6%
ODerating Income (Loll) 14,051 8,525 47,829 49,358 3.2"
Non-Operatlna Revenuas (Expensas):
Interest Income 1,109 3,753 2,500 5,000 100.0%
Interest Expense 12,346 (4,401 115,380 121,177
Total non-operatlng revenues (expenses) 11,237 (648 (12.880 (16,177
Income (lOll) before operatlna lransfel'll 12,814 7,877 34,949 33,181 -5.1 "
Ooerating Transfers to (from) Other Funds 0 0 0 0 0.0%
Net Income (Loll) 12,814 7,877 34,949 33,181 -5.1 "
Increase (Decrease) In Retained Earninas 12,814 7,877 34,949 33,181 -5.1 "
Retained Earnlnas at beginning of year 5,037 17,851 17,851 75,320 321.9%
Residual Equity Transfel'llln (Out) 0 22,520 22,520 22,500 -0.1 "
Retained Earnings at end of year 17,851 48,248 75,320 131,001 73.9"
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CITY OF SEWARD
Motor Pool Fund
Cash Flow
For Budget Year Ending June 30,1996
FY95
Y-T-D
Thru 2/95
FY95
Revised
Budget
FY96
Proposed
Budget
%Chg
Fm FY95
Rev. Budget
Cash Is Provided Bv fUsed For\:
Net Inccmne CLoss\ 7,877 34,949 33,181 -5.1%
Residual EauTtv Transfers 22,520 26,000 22,500 -13.5%
Lease Purchase Proceeds 0 175,000 225,000 28.6%
Add EXoense Items Not Affectina Cash
Deoreclatlon 47,208 70,811 95,332 34.6%
Net Cash Provided Bv (Used for) Ooeratlons 77,605 306,760 376,013 22.6%
Other Uses of Cash
Debt PrlnciDal Pavments 11,124 30,821 89,805 191.4%
Capital Outlav 174,595 226,000 247,500 9.5%
Net Increase (Decrease) In Cash (108,114 49,939 38,708 -22.5%