Loading...
HomeMy WebLinkAbout09122011 City Council Laydowns 1/1211 Motor Pool Fund Compiled by:Tom Tougas City of Seward Comprehensive Annual Financial Report(CAFR) 2010 Page 120 Cash w/Current W/No Balance contributions contributions 2002 $ 632,463.00 2003 $ 910,650.00 2004 $ 1,501,000.00 2005 $ 1,663,993.00 *2006 $ 103,350.00 2007 $ 691,100.00 2008 $ 1,095,688.00 **2009 $ 826,611.00 ***2010 $ 675,325.00 2011 $ 779,473.00 2012 $ 1,183,035.00 $ 939,000.00 $ 499,036.00 2013 $ 1,691,278.00 $ 1,379,000.00 $ 322,320.00 *Motor Pool Fund loaned General Fund (GF) 1.4M **City spent 1.3M on new trucks and equipment ***City spent 1.3M on new trucks and equipment (again) 4/1?-41 I� Total Cash & Investments Compiled by: Tom Tougas City of Seward Comprehansive Annual Financial Report (CAFR) 2010 page 36 Total Restricted* Unrestricted Cash Cash Cash 2003 $ 16,392,129.00 $ 555,723.00 $ 16,392,129.00 2004 $ 18,177,188.00 $ 3,451,582.00 $ 14,698,231.00 2005 $ 19,637,432.00 $ 3,437,783.00 $ 16,023,646.00 2006 $ 20,639,816.00 $ 7,207,093.00 $ 13,432,723.00 2007 $ 20,211,533.00 $ 4,964,467.00 $ 15,122,216.00 **2008 $ 42,758,764.00 $ 4,964,467.00 $ 15,122,216.00 2009 $ 23,725,127.00 $ 10,250,648.00 $ 13,474,479.00 2010 $ 21,050,057.00 $ 6,726,678.00 $ 14,323,379.00 2011 2012 *Restricted for Bond retirement and Capitol Projects **2008 includes: 16M Longterm Care (bonds), 7M Electric Bldg(bonds) 1M Harbor Fund (bonds) "I i zit kit)Proposed Mechanism to Partially Reimburse Eligible Communities for Cost of State Mandated Senior Citizen/Disabled Veteran Property Tax Exemption Background State law (AS 29.45.030(e)—(I)) requires local governments to exempt from taxation the first$15Q000 of assessed value of residential property for residents over age 65 and disabled veterans with a 50%or greater service-connected disability. Up until 1986 the State of Alaska fully reimbursed municipalities for tax revenue lost as a result of the required exemption. Between 1987 and 1996, state reimbursement was pro-rated based on available funding. Since 1997, the state has not reimbursed local governments for this statutory requirement. In Tax Year 2010 this mandate exempted$3.7 billion in property value from taxation that resulted in $49.7 million in lost property tax revenue. The result is that others paid higher taxes to make up for the difference. For example, in 2010 Anchorage taxpayers paid an additional$75.00 per$100,000 of assessed valuation to make up for the lost revenue due to the state-mandated exemption. Proposal Currently the State of Alaska distributes $60 million to local communities through the Community Revenue Sharing program. This proposal would provide an option: if the assessed value for properties exempted under AS 29.45.030 (e)—(I) is greater than the community's Revenue Sharing payment, the community would receive the higher amount. C)f the 24 communities that have a property tax, 18 communities would continue to receive Revenue Sharing as it is higher than revenue lost due to the exemption. In the remaining six communities, the cost of the exemption exceeds the Revenue Sharing payment amount. These communities would receive an additional payment of the difference between the exemption's cost and their share of Revenue Sharing. The chart illustrates the impact if this had been in place in State Fiscal Year 2011: Difference: Value of Exempted Revenue Sharing Revenue Sharing Community Property Amount Compared to 2010 FY 2011 Exempted Property Value Municipality of Anchorage $24,235,008 $15,053,452 -$9,181,556 Fairbanks North Star Borough $7,912,761 $3,813,595 -$4,099,166 Kenai Peninsula Borough $3,915,857 $2,554,445 -$1,361,412 Ketchikan.Gateway Borough $995,722 $637,115 -$358,607 Matanuska-Susitna Borough $7,926,134 $4,332,643 -$3,593,491 Petersburg $248,491 $245,101 -$3,390 Total $45,233,973 $26,636,351 -$18,597,622 Additional Cost to SOA to Help Offset Exemption's Cost: $18,597,622 Alaska's senior population is forecasted to grow due to the aging of Alaskans. An increase in the number eligible for the program will unfairly increase property taxes paid by others in these communities. This proposal is a mechanism for the state to partially offset the cost of its mandated exemption. For More Information: Municipality of Anchorage Larry Baker,Chief of Staff,343-7305 -- Cheryl Frasca,OMB Director,343-5783 (lfi 11-11-64) Kenai Mountains-Turnagain Arm National Heritage Area Dear Colleague: In the time since Congress established the Kenai Mountains-Turnagain Arm National Heritage Area in the fall of 2009, we have been busy with both on-the-ground projects and the development of a management plan. We are pleased to report that the draft management plan for the heritage area is complete and available for public review and comment. As someone who has had involvement with the heritage area, we would welcome your thoughts and recommendations. We will collect comments between now and September 30, 2011.At that point, the Kenai Mountains-Turnagain Arm Corridor Communities Association board of directors (the non-profit group which directs the heritage area activities) will convene and amend the draft plan. Our expectation is that by December 31, 2011, we will have a final management plan to submit for approval to the National Park Service and the Department of Interior,as required by our establishing legislation. The management plan describes work that we and partner organizations will take on in the next several months, outlines the type of work we hope to accomplish over the longer term,and describes possibilities for developing a sustainable organization with non-federal funding. We will hold four public meetings to present further information about the plan and to answer questions from the attendees. These meetings are as follows: • August 16, 7 p.m., Kenai Peninsula Borough Assembly meeting, 144 N. Binkley, Soldotna, AK. • September 12, 7 p.m., Seward City Council meeting, City Hall, 410 Adam Street, Seward,AK. • September 15, 7:00 p.m., Cook Inlet Historical Society program, Anchorage Museum Auditorium, 625 C Street, Anchorage, AK. • September 19, 7 p.m., Girdwood Board of Supervisors meeting, Girdwood Community Center. Copies of the plan are available on the heritage area website, www.kmtanha.org or by writing to the National Park Service, 240 W. 5th Avenue,Anchorage,Alaska 99501 (Attention:John Quinley). Comments on the plan may be sent to the above address, or by email to kmtanha@gmail.com. Thank you for your interest in the Kenai Mountains-Turnagain Arm National Heritage Area. Sincerely, Jim Richardson KMTA CCA Board President I C I Kenai Mountains-Turnagain Arm National Heritage Area Kenai Mountains-Turnagain Arm National Heritage Area Executive Summary of Draft Management Plan August 2011 .j. * {' I i t! �` 4 2:4i*-+ te+ 41. •j �l '. `' ,tint F • r`. • .t #-.181101#4064)" • , *Jr .,- '`. 7"11 d i. Kenai Mountains-Turnagain Arm National Heritage Area Executive Summary • The Kenai Mountains-Turnagain Arm(KMTA)National Heritage Area {a 'M, encompasses a magnificent landscape of mountains, lakes, rivers and fjords, , traveled ways and small communities with nationally significant historic s and cultural value. The area is located in the mountainous region of the 4 Kenai Peninsula that runs north/south from the communities of Bird/Indian and Girdwood,through Moose Pass, to the City of Seward including Cooper Landing, Sunrise, and Hope to the west, and Portage, Whittier and the waters of Prince William Sound to the east. As the coordinating entity for the KMTA National Heritage Area, the Kenai Mountains Turnagain Arm Corridor Communities Association(KMTA CCA) is tasked with developing and implementing a management plan with the input of people and organizations that have a role in the Heritage Area, including residents, communities,non-governmental organizations, Alaska Native entities, as well as national and state entities that manage trails and transportation facilities, lands and resources. Public meetings were held during the spring and summer of 2010 to gather information regarding the vision of communities and organizations within the National Heritage Area so that the projects that are selected for funding can align with their priorities. The plan also must meet the requirements of the legislation, sponsored by Alaska's Senator Lisa Murkowski, that created the KMTA National Heritage Area in March 2009. This management plan is meant to encourage preservation and conservation of the region's nationally important story about the many different people who traveled through, settled and developed the rugged mountain valleys of the KMTA National Heritage Area. The routes and modes of transportation developed by those who have traveled the valleys and waterways over time- starting with indigenous native peoples, continuing with early explorers, Russian miners, "Gold Rush"miners, dogsled mail carriers,to early settlers and modern visitors - give shape and texture to the fascinating story of this unique National Heritage Area. In the 1770s Captain Cook sailed into Turnagain Arm and turned around in the vicinity of the community that is now Indian. The nation has recognized the historic significance of the Iditarod Trail, the Alaska Railroad and the Seward Highway Scenic Byway, now an All-American Road. Creating the KMTA National Heritage Area put these prior designations in the wider context of travel patterns over time and throughout the broad corridor of mountains and valleys. Programs and projects that arc developed through the National Heritage Area will be built around local and regional interests and may include (but are not limited to): , . • Trail and wayside development and maintenance; rrr` wr- • Historic, cultural, and archeological interpretation of sites, neighborhoods, landscapes and traveled ways; a y • Assistance to local museums and interpretive centers; • Visitor and resident information about the heritage area resources and outdoor recreational and educational opportunities; • Land and water recreational resource conservation and interpretation; • Assistance to local education systems to enhance education regarding the history and resources of the National Heritage Area; • Economic and community development that accomplishes purposes of the KMTA National Heritage Area. The National Park Service is charged with technical assistance and oversight of the federal funds appropriated by Congress for the development of the KMTA National Heritage Area. The KMTA CCA will work with the National Park Service to assure that public monies are properly expended and that federal accountability and transparency requirements are fulfilled. A copy of the cooperative agreement between the NPS and KMTA CCA is attached as an appendix to this document. In addition to the NPS, the KMTA CCA will collaborate with other partners to implement the management plan. Much of the KMTA National Heritage Area is within the Chugach National Forest, and the US Forest Service will continue to be an important partner in implementing the management plan. Strong partnerships with non-profit, private, and state governmental entities willing to invest in KMTA NHA projects are key to the success of the plan. Many of these partnerships are underway. The goal of these partnerships is to further the KMTA CCA mission to protect, enhance, interpret, fund, manage and develop the natural, historical, cultural, scenic and recreational resources of the KMTA National Heritage Area. Another task of the KMTA CCA is to identify and develop funding sources to sustain the National Heritage Area beyond the 15-year limit of Congressional funding. Accomplishing this purpose will involve development of partnerships with communities and organizations committed to the vision of the National Heritage Area. This management plan intentionally leaves room for flexibility so that themes and objectives can evolve at the grass-roots level. Communities within the KMTA National Heritage Area will drive the programs and projects that are brought forward for funding. It should be emphasized that participation in KMTA CCA projects and programs is voluntary. Zoning and land-use decisions by government entities are not affected. No land enters federal control as a result of National Heritage Area designation. Private property rights are respected and not affected. This plan is intended for the long-term benefit of the people of the KMTA National Heritage Area, the State of Alaska, and the nation. HOW TO COMMENT ON THE DRAFT MANAGEMENT PLAN A series of public meetings were held in the spring and summer of 2010 to garner public and made public on July 1, 2011. The plan is available to read in its entirety by going to the KMTA NHA website: kmtacorridor.org Written comments are invited. Comments may be submitted by September 30 through the website, or by email to KMTANHA(agmail.com or by letter to: Jim Richardson, President Kenai Mountains Turnagain Arm Corridor Communities Association 3339 Wentworth Street Anchorage, AK 99508-4348 In addition, the following public meetings are scheduled: • August 16, 7 p.m., Kenai Peninsula Borough Assembly meeting, 144 N.Binkley, Soldotna, AK. • September 12, 7 p.m., Seward City Council meeting, City Hall, 410 AdamStreet, Seward, AK. • September 15, 7 p.m., Cook Inlet Historical Society program, Anchorage Museum Auditorium, 625 C Street, Anchorage, AK. • September 19, 7 p.m., Girdwood Board of Supervisors meeting, Girdwood Community Center, Girdwood, AK.