HomeMy WebLinkAbout09092024 City Council Laydown - Finance CTRLaydown from Finance Dept - 9/9/24 CC Meeting 2 pages
City of Seward, Alaska.
I S. Central Treasury Report
08.31.2024
The attached Central Treasury Report provides the unrestricted cash available by fund as of
August 31, 2024. The intent of this report is to provide transparent financial information to the
public. These amounts fluctuate on a daily basis and are reconciled every month; however, these
numbers are not audited. The amounts reports on the agenda statement items for the council
represent the available fund balance/net assets for the impacted funds. This is a longer -term
perspective that takes into account the assets and liabilities of the fund, which results in different
numbers than the Central Treasury Report. Any funds with negative cash on the Central Treasury
Report are either waiting for funding for expenses already paid or are in the process of being
closed out, where the City is required to expend the funds prior to requesting reimbursement for
expenditures; negative cash for a fund does not represent a problem with operations. For
example, when the City conducts repairs following a major disaster declaration, it can take
multiple years before the City receives reimbursement from FEMA for its costs.
Funds in Negative balance:
• Fund 11113 Harbor CPVKPB — Res.2023-066 Funding for Seward City Tours Services.
The City will receive funds from CPV KPB.
• Fund 80042 Seward Geothermal Heat Pump Project Grant. The City will be reimbursed
from the State Grant.
• Fund 17332 SMIC Hypochlorite Generator Project. The City will be reimbursed by the
State Loan- Grant.
• Fund 15340 Electric Critical Infrastructure Fund. Funds will be allocated from the
revenue bond proceeds Res.2022-023 Electric Fund.
If you have questions or require additional information, please feel free to contact Finance
Director Sully Jusino at (907)224-4059, or by e-mail at sjusino@cityofseward.net.
COS Central Treasury Report, August 31,2024
Cash and Investments
Wells Fargo Checking
Wells Fargo Payroll
Clearing Account
Undeposited Funds (Cash in Transit)
Investments
By Fund:
Fund Name
Fund Number
2023 2024
8,327,878.64 7,824,694.38
0.00 (713,997.64)
0.00 114,730.81
53,346.28 2,860,269.62
43,800,921.17 45,933,940.99
52,182,146.09 56,019,638.16
General Fund 01000 10,487,019.74 9,409,976.53
Teen Council Agency Fund 02000 6,193.14 6,348.15
Motor Pool Internal Service Fund 03000 2,079,697.85 2,028,877.96
Compensated Absences Fund 03100 500,180.86 526,984.83
Harbor Enterprise Fund 11000 214,616.72 2,054,981.74
Harbor MRRF Fund 11001 850,107.56 942,682.56
Harbor Passenger Fee Fund 11002 844,563.85 56,636.60
Harbor CPV State 11103 1,748,362.84 2,156,408.33
Harbor CPV KPB 11113 (902,239.02) 425,663.48
NE Harbor Launch Ramp Renovation Project - City 11422 (2,083.33) 0.00
G, K & L Floats City 11430 684,655.78 0.00
G, K & L Floats State 11431 (22,481.12) 0.00
Cathodic Protection Project 11440 13,679.80 0.00
SMIC Enterprise Fund 12000 419,886.45 552,940.64
Parking Enterprise Fund 13000 902,518.00 964,021.50
Electric Enterprise Fund 15000 4,265,013.38 5,335,425.60
Electric MRRF Fund 15001 957,301.76 1,607,301.76
Transmission Line - City Funding 15310 0.00 146,344.20
Electric Critical Infrastructure Fund 15340 504,645.05 (27,354.21)
Electric Nash Road Infrastructure Project 15351 2,255,564.69 253,955.13
Water Enterprise Fund 17000 2,435,833.97 2,695,433.67
Water MRRF Fund 17001 852,572.15 852,572.15
Water ARPA Fund 17100 469,457.88 190,984.63
Lowell Canyon Water Storage Tank 17330 222,914.29 222,914.29
SMIC Hypochlorite Generator Project 17332 0.00 (28,255.00)
Wastewater Enterprise Fund 18000 2,727,816.26 2,859,989.03
Wastewater MRRF Fund 18001 742,025.05 742,025.05
Wastewater ARPA Fund 18100 476,620.91 375,517.45
Hospital Enterprise Fund 19100 1,298,605.93 3,503,375.20
Healthcare Facilities 19102 927,284.17 927,284.17
Seward Mountain Haven Enterprise Fund 19200 11,327,471.16 13,493,292.22
Seward Historical Tour 30016 349.00 349.00
SCHC - City Funding 30040 0.81 0.00
Bus Transportation - CPV Funds 30051 826,279.99 (221,460.00)
Erosion Fund 30070 2,150.00 2,150.00
Capital Acquisition Fund - City Funding 80010 624,734.02 754,910.02
Animal Shelter 80015 68,005.03 0.00
Streets & Sidewalks - City Funding 80020 74,554.09 862,813.09
Energy Efficiency - City Funding 80040 93,784.69 93,784.69
Seward Geothermal Heat Pump Project Grant 80042 0.00 (81,455.66)
Developer Reimbursement Program 80071 1,829,869.04 1,517,866.53
ARPA - LGLRR 80084 1,374,613.65 814,352.83
Total Pooled Cash and Investments by Fund 52,182,146.09 56,019,638.16
* The month of August has not been closed.
Note:
*The above is the pooled cash balance of each fund, which simply represents the amount of available cash held by
each fund. This differs from the fund balance in that the fund balance also considers the fund's current assets and
liabilities.
Prepared by Finance