HomeMy WebLinkAboutRes1996-067
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Sponsored by: Garzini
CITY OF SEWARD, ALASKA
RESOLUTION NO. 96-067
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, ADOPTING THE MOTOR POOL INTERNAL SERVICE
FUND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 1996
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The city Motor Pool Internal Service Fund budget for the fiscal year beginning
July 1, 1996, which is attached hereto and made a part hereof by reference, and which contains
estimated Motor Pool Internal Service Fund revenues and expenditures for Fiscal Year 1997, is
HEREBY ADOPTED.
Section 2. This resolution shall take effect July 1, 1996.
PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 28th
day of May, 1996.
THE CITY OF SEWARD, ALASKA
AYES:
NOES:
ABSENT:
ABSTAIN:
Anderson, Bencardino, Crane, Keil, King, Sieminski
None
Deeter
None
ATTEST:
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(City Seal)
MOTOR POOL INTERNAL SERVICE FUND
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS
FY97 Budget and FY98 Preliminary Budget
FY95
FY96
FY96
FY97
FY96-97
FY98
FY97-~
Actual Th... 02/96 Bud... Bud... -I. Chan~e Bud... -4 ChanRe
Opellltlng revenun:
Vehicle Rentals 94,489 73,001 144,690 152.180 4.9% 159218 4.4%
Total Opellltlng revenun: 94,489 73,001 144,690 152,180 4.9% 159,218 4.4%
Opellltlntr: upenses:
Before deprecjation:
General & Administrative 0 547 1,500 0 0.0% 0 0.0%
Total Opelllt!ng Expenses: 0 547 1,500 0 0.0% 0 0.0%
Opellltln2lnmme before deuredatlon 94,489 72,454 143,190 152,180 5.9% 159,218 4.4"/.
Deureciation 64,467 51,543 93,832 102,920 8.8% 107,520 4.3%
Opelllt1n2 hKome lLoss) 30,022 20,911 49,358 49,260 ..0.2"/. 51,698 4.7%
Non-opelllt1n2 revenuea
Interest income 4,536 3,914 5,000 3,500 -42.9"10 3,500 0.0%
Interest expense (9,685 (9,877 (21,177 (12,416 70.6% (10,135 18.4%
Total non-opellltlrur revenun (expenses) (5,149 (5,963 (16,177: (8,916 81.4% (6,635 25.6%
Income (loss) before Opellltlntr: tlllusfen 24,873 14,948 33 181 40,344 17.8% 45,063 11.7.1-
Operat1n2 transfen to (from) other funds 0 0 0 0 0.0010 0 O.O~c.
Net Income (loss) 24,873 14,948 33,181 40,344 17.8% 45,063 11.7%
Amortization of contributions in aid 0 0 0 0 0.0% 6,182 100.0%
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Increase (Decrease) In Retained Eamlru!s 24,873 14,948 33,181 40,344 17.8% 51,245 27.0%
Retained earnings at June 30 17,851 65,244 65,244 120,925 46.0% 161,269 33.4"/.
Residual eoulty transfen (to) from other funds 22,520 19.963 22 500 0 0.0"/. 0 0.0"/.
Retained eamlngs at June 30
Undesignafed 65,244 100,155 120,925 161269 25.0% 212.514 31.8"/.
Total RetaIned Earnlnp 65,244 100 155 120.925 161,269 25.0% 212 514 31.8%
CITY OF SEWARD
, MOTOR POOL INTERNAL SERVICE FUND
STATEMENT OF CASH FLOW
FY97 Budget and FY98 Preliminary Budget
FY96 FY97 FY96-97 FY98 FY97-98
Budget Budget % Change Budget % Change
33,181 40,344 17.8% 45,063 10.5%
0 309,730 100.0% 0 -100.0%
0 6,000 100.0% 0 -100.0%
0 86,725 100.0% 0 -100.0%
22,500 0 -100.0% 0 -100.0%
Cash
93,832 102,920 8.8% 107,520 4.3%
,
,
545,719
72.6%
152,583 -257.7%
149,513
Other Uses of Cash
Debt Princioal Pavrnents 89,805 65,227 -27.4% 78,669 20.6%
Caoital Outlav 247,500 446,320 80.3% 23,000 .94.8%
34,172\ -118.2%1
50,9141
49.0%1
INet Increase (Decrease) in Cash
(187,792j