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HomeMy WebLinkAboutRes1996-070 r , , Sponsored by: Garzini CITY OF SEWARD, ALASKA RESOLUTION NO. 96-070 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE PARKING REVENUE ENTERPRISE FUND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 1996 NOW, THEREFORE, BE IT RESOL YED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section I, The Parking Revenue Enterprise 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 Parking Revenue 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: ..l<'~ un."" ,,;t~ r': ~.', '" <..~' '. . 1',., ~i' !~; '-- ~ "'" .~ ;:; ... ~ .. - ~ .~ - <<" ~ l .. :'; (fJ ! OJ _'. :: " ~ .. :" ~ \ ' J = :Ii"~ I .. ~ (S'. 'Y'&,.. ~"',f .:: ... ...," ",:, <. ,\:f.,.~ ~ -..,. -~ A." l, .. ...J...)> ,_ e-U'_ ':~ ..4............'0. ., '.';1: ,: OF A\J'o ~.. ~l.lllnul~l'l- (City Seal) PARKING REVENUE ENTERPRISE FUND STATEMENT OF REVENUES AND EXPENSES AND CHANGES IN RETAINED EARNINGS FY97 Budget and FY98 Preliminary Budget FY95 FY96 FY96 FY97 FY96-97 FY98 FY97-98 Adwd Thru 02/96 BooEd Buded ". CIJanl!e Budeet .~ Chanl!e Operat1n2 revenues: Parkinll tickets 0 0 4,550 12,400 172.5% 12 800 3.2% Total operat1n2 revenues: 0 0 4,550 12,400 172.5% 12,800 3.2 "I. Operat1n2 expenses: Salaries 0 0 2,132 11,085 419.9% 11417 3.0% Employee Benefits 0 0 639 4,202 557.6% 4,328 3.0% Purchased Services 0 0 7,000 3,000 -57.1% 3,300 10.0% Supplies and Maintenance 0 0 1,710 1,150 -32.7% 3158 174.6% General and Administrative 0 0 3,081 6,649 115.8% 7,077 6.4% Total Operatin& Expenses: 0 0 14,562 26,086 79.1% 29,280 12.2% O!leratlnt! Income ilerore depredation 0 0 (10,012 (13,686 36.7% (16,480' 20.4% DepRlCiation 0 0 0 0 0.0% 0 0.0% Ooerat1n2 Income (Loss) 0 0 (10,012 (13,686] 36.7% (16,480 20.4% Non-ouerat1n2 reVenues (expenses) Interest Income 0 0 0 0 0.0% 0 O.O~ Interest Expense 0 0 (72 0,083 1404.2% 0,863 72.0"10 Total non-o rennues (expenses) 0 0 (72 (1,083 1404.2'~ (1,863 72.0"1. me- /loa) ilerore operatlnt! transre" 0 0 (10,084 (14,769 -46.5"1. (18,343 -24.2% Operatlnt! t......ren (to) from other funds 0 0 0 0 0 43,196 0 Net Income Ooss) 0 0 (10,084 (14,769 -46.5% 24 853 268.3"1. Amortization of Contributions-in-Aid 0 0 0 0 0.0"1. 0 0.0"1. Increase (decrease) In retained eamlnp 0 0 (10.084 (14,769 46.5% 24,853 -268.3"1. Retained earnin1!S at June 30 0 0 0 (10,084 -100.0% (24,853 146.5"1. ResJdual equity tn....,e" (to) other funds 0 0 0 0 0.0"1. 0 0.0"1. Budl!:eted Retained earnin1!S : Undesi_ted 0 0 00,084 (24,853 0 Total Retained Earnlnp 0 0 (10,084 (24,853 146.5"1. 0 -100.0% , , , CITY OF SEWARD PARKING REVENUE ENTERPRISE FUND STATEMENT OF CASH FLOW FY97 Budget and FY98 Preliminary Budget FY96 Budget FY97 Budget (10,084 o o ents (10,084) (14,769) INet Increase (Decrease) in Cash FY96-97 % Change -31.7% 0.0% -31.7% o o 0.0% 0.0% -46.5% I FY98 Budget 24,853 24,853 24,8531 FY97-98 % Change 159.4 % o 0.0% 159.4% o o 0.0% 0.0% 268.3% I