HomeMy WebLinkAboutRes1999-155
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CITY OF SEWARD, ALASKA
RESOLUTION NO.99-155
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE PARKING REVENUE ENTERPRISE FUND
BUDGET FOR CALENDAR YEAR 2000
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The Parking Revenue Enterprise Fund budget for the Calendar Year beginning
January 1,2000 which is attached hereto and made a part hereof by reference and which contains
estimated revenues and expenses for the period January 1 - December 31, 2000, is HEREBY
ADOPTED.
Section 2. This resolution shall take effect January 1, 2000.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 22nd
day of November, 1999.
THE CITY OF SEWARD, ALASKA
G, /S.iVt ~ ?
Edgar Blatchford, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Brossow, Calhoon, Clark, Orr, Shafer
None
King
None
ATTEST:
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PARKING REVENUE ENTERPRISE FUND
Statement of Revenue and Expenses
and Changes in Retained Earnings
For Period Ending December 31, 2000
Six-month
FY98 FY99 Budget FYOO FY99-00
Actual Actual * 7/1-12/31/99 Budg~ ~o Chg
Operating revenues:
Parking revenue 0 55,671 70,000 120,000 115.6%
Contract fees 67,585 34,992 0 0 -100.0%
Total operating revenues: $67,585 $90,663 $70,000 ~120,000 32.4%
Operating expenses:
Salaries 0 14,490 22,873 35,400 144.3%
Employee Benefits 0 1,895 0 4,600 142.7%
Purchased Services 34,982 19,051 5,050 17,000 -10.8%
Supplies and Maintenance 3,371 41,416 800 11,400 -72.5%
General and Administrative 5,678 10,358 6,958 13,383 29.2%
Total operating expenses: $44,031 $87,210 _$35,681 $81,783 -6.2%
I Operating income before depreciation 23,554 3,453 34,319 38,217 1006.8%
Depreciation 0 0 0 0 100.0%
-~^-~_.
Operating Income (Loss) $23,554 $3,453. $34,319 $38,217 1006.8%
Non-operating revenues (expenses)
Interest Income 834 1,657 0 0 -100.0%
Interest Expense 0 0 0 0 0.0%
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Total non-operating revenues (expenses) $834 $1,657 $0 $0 -100.0%
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Net Income (Loss) $24,388 $5,110 $34,319 $38,217 647.9%
Retained earnings at beginning of year _ $11,201 ~5,589_ _$40,6~ $75,018 110.8%
Retained earnings at year-end $35,589 $40,699 $75,018 . $113,235 _11.8.2%
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* Unaudited
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CITY OF SEWARD
PARKING REVENUE ENTERPRISE FUND
Budgeted Statement of Cash Flow
F or Period Ending December 31, 2000
Six-month
Budget FYOO FY99-00
7/1-12/31/99 Budget %Chg
Cash is provided By (Used For):
Net Income/(Loss) $34,319 $38,217 11.4%
Add Expense Items Not Affecting Cash
Depreciation 0 0 0.0%
Net Cash Provided By (Used For) Operations $34,319 $38,217 11.4%
Other Uses of Cash
Debt Principal Payments 0 0 0.0%
Capital Outlay 0 0 0.0%
-~_.
Net Increase (Decrease) in Cash $34,319 $38,217 11.<1%