HomeMy WebLinkAboutRes1996-038
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Sponsored by: Garzini
CITY OF SEWARD, ALASKA
RESOLUTION NO. 96-038
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, APPROPRIATING FUNDS FOR THE
NEWLY ESTABLISHED PARKING REVENUE FUND
WHEREAS, on February 12, 1996, the City Council approved Resolution No. 96-019,
establishing the Parking Revenue Enterprise Fund; and
WHEREAS, the City wishes to establish a budget for parking maintenance and enforcement
for the remainder of Fiscal Year 1996 and appropriate the funds for the budget; and
WHEREAS, it is anticipated that parking revenues generated in Fiscal Year 1997 will allow
the Parking Revenue Enterprise Fund to repay the General Fund for any losses it sustains in Fiscal
Year 1996;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The Fiscal Year 1996 budget for the Parking Revenue Enterprise Fund, a copy
of which is attached and incorporated herein by reference, is hereby approved.
Section 2. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 8th day
of April, 1996.
THE CITY OF SEWARD, ALASKA
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AYES:
NOES:
ABSENT:
ABSTAIN:
Bencardino, Crane, Deeter, Keil
Anderson, King, Sieminski
None
None
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Attachment - Resolution No. 96-038
CITY OF SEWARD
Parking Revenue Enterprise Fund
Fiscal Year 1996 Budget
DESCRIPTION FY 1996 BUDGET
REVENUES
Parking ticket revenues 4,550
Total Revenues 4,550
EXPENDITURES
Salaries and employee benefits 2,771
Contracted services [Remove existing striping & repaint center lot) 4,000
Other special services [Work orders - cleaning all lots, mounting and 3,000
replacing sign posts, pick-up broom for center lot)
Operating supplies [Chalk, plastic envelopes, replacement sign posts 860
and bases, miscellaneous items)
Gas and lube 100
Small tools and equipment [Radios) 750
Administrative expense 2,841
Payments in lieu of taxes [8% of revenues) 240
Interest expense [Interest to central treasury) 72
Total Expenditures 14,634
Net Loss (10,084)