HomeMy WebLinkAboutRes1999-156
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CITY OF SEWARD, ALASKA
RESOLUTION 99-156
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE HOSPITAL DEBT SERVICE 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 Hospital Debt Service 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 expenditures 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
<;'"~ I f?"~~'
Edgar Blatchford, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Brossow, Calhoon, Clark, Orr, Shafer
None
King
None
ATTEST:
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HOSPITAL DEBT SERVICE FUND
Statement of Revenues, Expenditures, Other Financing
Sources (D ses) and Changes in Fund Balance
For Period Ending December 31, 2000
Six-month
FY98 FY99 Budget FYOO FY99-00
Actual Actual * 7/1-12/31/99 Budget_ %CbL
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Revenues (investment earnings): _2,760 ~~9 -~~ 0 0.0%
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Expenditures:
Debt Service Principal 0 175,000 205,000 235,000 34.3%
Debt Service Interest _~7,638 401,,893 198,978 388,21~ -3.4%
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Total expenditures $67,638 $57~,89~ _ ~403~978_ . ~23,218 8.0%
Excess of revenues over expenditures ($64,878) ($562,824) ($400,978) ($623,218) -10.7%
I Operating transfers from other funds ~~27 ... 656,586 401,667 7(j0,000 6.6%
Excess of revenues and other sources
over expenditures and other uses $120,049 $93,762 $689 $76,782 -18.1%
Fund Balance at beginning of year _122,284_ . 242,~3l 336,095 _336,78i. 39.0%
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Fund Balance at end of year
Reserved for debt service 242,333 336,095 336,784 413,566 23.1%
Total Fund Balance ~42,333_ $33~,095 $336, 7~4 $413,~6 _ ~3.1 %
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* Unaudited
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CITY OF SEWARD
HOSPITAL DEBT SERVICE FUND
Operating and Residual Equity Transfer Budget
Fiscal Year 2000
Six-Month FYOO
Budget Budget
Operating Transfers from Other Funds 401,667 ~OO,OOO
Operating Transfers to Other Funds 0 0
Residual Equity Transfers In (Out) 0 0
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Net Transfers-In (Out) 401,667 700,000
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