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CITY OF SEWARD, ALASKA
RESOLUTION 2013-083
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEWARD, ALASKA, ADOPTING THE PARKING ENTERPRISE FUND
BIENNIAL BUDGET FOR CALENDAR YEARS 2014 AND 2015
WHEREAS, the City Manager has submitted to the City Council a proposed biennial
budget for the City of Seward for Calendar Years 2014 and 2015; and
WHEREAS, the biennial budget was reviewed by the City Council in budget work
sessions on September 16, 19, and 24, 2013, which were televised to the public; and
WHEREAS, a public hearing is scheduled on the proposed budget for October 28, 2013
with an additional public hearing and final adoption scheduled for November 12, 2013.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Parking Enterprise Fund budget for Calendar Years 2014 and 2015
which is attached hereto and made a part hereof by reference and which contains estimated
revenues and expenses for the period January 1, 2014 - December 31, 2015, is HEREBY
ADOPTED, and the necessary funds are hereby appropriated.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this
12`x' day of November, 2013.
THE CITY OF SEWARD, ALASKA
an Bardarson, Mayor
AYES: Keil, Shafer, Casagranda, Terry, Squires, Bardarson
NOES: None
ABSENT: None
ABSTAIN: None
VACANT: One
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CITY OF SEWARD, ALASKA
RESOLUTION 2013-083
ATTEST: ..r
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1 hanna Ki y, CMC
ity Clerk
(City Seal)
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CITY OF SEWARD
PARKING ENTERPRISE FUND
Budgeted Statement of Cash Flow
ire For 20I4 and 20I5
2013 2014 2015
Budget Budget Budget
Beginning Cash Balance at 1/1/13 *: $464,389
Cash is provided by(used for):
Change in net position $5,384 $24,254 $22,548
Add expense items not affecting cash
Depreciation I6,757 22,969 22,969
Net cash provided by operations $22,141 $47,223 $45,517
Other uses of cash
Capital outlay(a) ($13,000) (a) ($25,500) (b) ($15,500) (c)
Net increase (decrease) in cash $9,141 $21,723 $30,017
Estimated ending cash balance $473,530 $495,253 $525,270
(°) Ties to Comprehensive Annual Financial Report
(a) $I3K motor pool contribution.
(b) $I3K motor pool contribution, $2,500 equipment, $IOK striping.
(c) $I3K motor pool contribution, $2,500 equipment.
imams
PARKING ENTERPRISE FUND
Budgeted Statement of Revenue and Expenses
t'. and Change in Net Position
For 20I4 and 2OI5
20I2 20I3 20I4 20I5
Actual* Budget Budget Budget
Operating revenue-parking fees $293,443 $260,650 $280,400 $282,500
Operating expense:
Salaries &Benefits 89,586 I33,755 135,166 I38,992
Purchased Services 66,57I 7,970 3,950 3,950
Supplies and Maintenance I5,586 3I,I50 33,500 33,500
General and Administrative 43,550 48,482 40,889 40,94I
Total operating expense: $2I5,293 $22I,357 $2I3,505 $2I7,383
Operating income before depreciation 78,I50 39,293 66,895 65,117
Depreciation 23,968 I6,757 22,969 22,969
Operating income(ooss) $54,I82 $22,536 $43,926 $42,I48
Non-operating revenues (expense)
l
limo Interest Income and other 3,033 3,700 3,000 3,000
Total non-operating revenue(expense) $3,033 $3,700 $3,000 $3,000
Transfers to other funds -$23,475 -$20,852 -$22,672 -$22,600
Change in net position $33,740 $5,384 $24,254 $22,548
Beginning net position $548,977 $582,7I7 $588,I0I $6I2,355
Ending net position $582,7I7 * $588,I0I $6I2,355 $634,903
# Ties to annual Comprehensive Annual Financial Report