HomeMy WebLinkAboutRes2022-117 2023-2024 Operating Budget Sponsored by: Bower
Public Hearing#1: November 28, 2022
Public Hearing#2: December 12, 2022
CITY OF SEWARD,ALASKA
RESOLUTION 2022-117
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE CITY OF SEWARD 2023 AND 2024
OPERATING BUDGET AND SETTING THE MILL RATE
WHEREAS, Seward City Charter Chapter 6 and Seward City Code Chapter 5.05
specifies that the City Council shall adopt a budget and make an appropriation of the money
needed at a regular meeting held not less than 10 days prior to the end of the fiscal year; and
WHEREAS, work sessions were held on the recommended budget and the required
public hearings were held on November 28 and December 12, 2022.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD,ALASKA that:
Section 1.The document incorporated herein by reference,titled"City of Seward 2023
and 2024 Operating Budget" is hereby adopted as the budget.
Section 2. Sums of money shall be appropriated from all City funds as follows:
2023 General Fund 2024 General Fund
Operating Revenues Operating Revenues
Operating Revenues $ 15,191,816 Operating Revenues $ 15,328,692
Net Transfers $ 844,019 Net Transfers $ 812,557
General Fund Total: $ 16,035,835 General Fund Total: $ 16,141,249
2023 Enterprise Funds 2024 Enterprise Funds
Total Revenue Total Revenue
Harbor $ 3,706,994 Harbor $ 3,104,374
SMIC $ 812,035 SMIC $ 824,868
Parking $ 338,420 Parking $ 345,205
Electric $ 13,192,494 Electric $ 13,323,144
Water $ 1,512,339 Water $ 1,542,934
Wastewater $ 1,298,494 Wastewater $ 1,333,541
Healthcare $ 1,640,000 Healthcare $ 1,640,000
Seward Mountain Haven $ 3,329,672 Seward Mountain Haven $ 3,425,062
CITY OF SEWARD,ALASKA
RESOLUTION 2022-117
2023 Internal Service Fund 2024 Internal Service Fund
Motor Pool $ 610,028 Motor Pool $ 605,589
Enterprise Fund Total: $ 26,440,476 Enterprise Fund Total: $ 26,144,717
Total Revenues: $ 42,476,311 Total Revenues: $ 42,285,966
2023 Operating Expenditures 2024 Operating Expenditures
General Fund General Fund
General Fund $ 16,035,835 General Fund $ 16,141,249
2023 Operating Expenditures 2024 Operating Expenditures
Before Depreciation & Motor Pool Before Depreciation & Motor Pool
Enterprise Funds Enterprise Funds
Harbor $ 3,097,607 Harbor $ 3,167,505
SMIC $ 1,091,926 SMIC $ 1,087,154
Parking $ 112,476 Parking $ 115,152
Electric $ 13,429,736 Electric $ 13,005,562
Water $ 1,255,399 Water $ 1,295,230
Wastewater $ 1,062,786 Wastewater $ 1,087,666
Healthcare $ 851,527 Healthcare $ 825,678
Seward Mountain $ 475 062 Seward Mountain $ 425 062
Haven Haven '
Internal Service Fund Internal Service Fund
Motor Pool $ 734,000 Motor Pool $ 377,000
Enterprise Funds Total: $ 22,110,519 Enterprise Funds Total: $ 21,386,009
General Fund & $ 38,146,354 General Fund & $ 37,527,258
Enterprise Funds Enterprise Funds
Section 3.The total assessed valuation as determined by the Kenai Peninsula Borough
Assessor and any supplemental assessment rolls for the period which may be certified by the
Borough Assessor at a future date shall be the basis for computing estimated property tax
revenues for the City of Seward.
Section 4. The levy rate on 2023 and 2024 real and personal property tax rolls is
levied at the rate of 3.84 mills per dollars of assessed valuation in Municipal Service Zones
One (Borough designation TCA 40) and Two (Borough designation TCA 41).
PASSED AND APPROVED by the City Council of the City of Seward, Alaska,this 12th
day of December,2022.
CITY OF SEWARD, ALASKA
RESOLUTION 2022-117
THE CITY OF SEWARD, ALASKA
Sue McClure, Mayor
AYES: Osenga, Wells, Finch, Barnwell, Calhoon, McClure
NOES: None
ABSENT: DeMoss
ABSTAIN: None
ATTEST:
Brenda J. Ball , MMC
City Clerk
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City Council Agenda Statement
Meeting Date: November 28, 2022 r
To: City Council
From: Janette Bower, City Manager
Agenda Item: Resolution 2022-117: Adopting the City of Seward 2023 and 2024
Operating Budget and Setting the Mill Rate
Background and justification:
Resolution 2022-117 adopts the 2023 and 2024 Operating Budgets and sets the 2023 and 2024
mill rates as required by the Seward City Charter and Seward City Code.
Upon adoption of the 2023 and 2024 Operating Budget, revenues and expenses will be
appropriated to the proper accounts as indicated in the adopted budget.
Attorney Review
eYes Attorney Signature:
✓ Not applicable Comments:
Administration Recommendation
e✓ Adopt Resolution
Other:
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