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HomeMy WebLinkAboutRes1990-055 . . . Sponsored by: Schaefermeyer CITY OF SEWARD, ALASKA RESOLUTION NO. 90-055 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE HARBOR FUND ENTERPRISE BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 1990 NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The city Harbor Fund Enterprise budget for the fiscal year beginning July 1, 1990, which is attached hereto and made a part hereof by reference, and which contains estimated Harbor Fund revenues and expenditures for Fiscal Year 1991, is HEREBY ADOPTED. Section 2. The Harbor Enterprise Fund shall be charged interest on debt owed to the General Fund at a rate equal to and adjusted monthly in accordance with the rate set forth in the Bond Buyer Index for Twenty Year General Obligation Bonds. Section 3. This resolution shall take effect on July 1, 1990. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, this 11th day of June, 1990. THE CITY OF SEWARD, ALASKA ~~11' CY{ ~~t.l.~ ' lAM C. NOLL, MAYOR' AYES: NOES: ABSENT: ABSTAIN: NOLL, BURGESS, DUNHAM, HILTON, MEEHAN, SIEMINSKI, SIMUTIS NONE NONE NONE ATTEST: APPROVED AS TO FORM: PERKINS COlE, Attorneys for the city of Seward, Alaska crzL./ /If ~-t... Fred B. Arvidson City Attorney (City Seal) -1- . . . SEWARD BOAT HARBOR STATEMENT OF REVENUES AND EXPENSES For Budget Year Ending June 30, 1991 1989 1990 Y-T-D 1991 Manager Actual (9 Months) Recom. OPERATING REVENUES Moorage $649,354 $494,795 $709,126 Miscellaneous 336,795 295,126 573,000 Total operating revenues 986,149 789,921 1,282,126 OPERATING EXPENSES Supplies and maintenance 218,852 240,692 282,214 Salaries and benefits 377,782 295,950 453,007 Administration and general 321,747 154,825 358,139 Depreciation 129,006 86,085 110,627 Total operating expenses 1,047,387 777,552 1,203,987 Operating income (loss) (61,238) 12,369 78,139 NON-oPERATING REVENUES (EXPENSES) Interest 177,534 34,666 58,000 Bond interest (168,395) (80,806) (154,180) Other 1,647 1,087 1,000 Fiscal agent fees Total non-operating revenues (expenses) 10,786 (45,053) (95,180) Income (loss) before operating transfers (50,452) (32,684) (17,041) OPERATING TRANSFERS IN (OUT) (225,500) Net income (loss) (275,952) (32,684) (17,041) TRANSFERS ON CONTRIBUTED ASSETS 25,691 36,947 49,263 INCREASE (DECREASE) IN RETAINED EARNINGS ($250,261) $4,263 $32,222 . . . SEWARD BOAT HARBOR STATEMENT OF CASH FLOWS 1989 Actual 1990 Y-T-D (9 Months) 1991 Manager Recom. Cash is Provided By (Used For): Net Income/(Loss) ($275,952) ($32,684) ($17,041) Add Expense Items Not Affecting Cash Depreciation 129,006 86,085 110,627 Net Cash Provided By (Used For) Operations ($146,946) $53,401 $93,586 Other Uses of Cash Debt Principal Payments 57,645 61,500 Equipment Purchases 5,895 11,308 5,200 Other Sources of Cash Increase in Capital Lease Insurance Proceeds Net Increase (Decrease) in Cash ($152,841) ($15,552) $26,886 . . . SEWARD BOAT HARBOR REVENUES 1990 Y-T-D 1990 Revised 1991 Manger Change from 1988 1989 Dept GL Account Name Actual Actual (9 Months) Budget Recom. 1990 General Operations 4780 0410 City Dock Use $11,649 $42,801 $57,931 $10,000 $40,000 $30,000 4760 0020 Preferential Moorage 314,476 337,256 265,182 329,000 399,077 70,077 4760 0030 Transient Moorage 291,612 312,097 229,613 256,500 310,049 53,549 4780 0420 Boat Lift Fees 59,242 63,851 20,839 51,400 62,500 11,100 4780 0160 Labor & Services 2,919 8,244 3,374 6,000 6,000 0 4780 0430 Wharfage 783 18,710 36,810 150,000 250,000 100,000 4780 0440 Storage 57,933 48,139 22,195 58,000 42,000 (16,000) 4780 0450 Shower Fees 6,216 9,212 6,368 9,000 9,000 0 4780 0600 Misc Revenue 2,353 9,413 39,309 5,000 25,000 20,000 4780 0470 Grid Rental 15,332 3,316 1,274 3,500 3,500 0 Total General 762,515 853,040 682,895 878,400 1,147,126 268,726 Harbor Electric 4780 0460 Power Sales 122,725 133,109 107,026 135,000 135,000 0 Income From Operation 885,240 986,149 789,921 1,013,400 1,282,126 268,726 Other Income 4610 0120 Penalty Income 16,147 12,683 6,073 8,000 8,000 0 4610 0010 Interest Earned 185,318 164,851 28,593 110,000 50,000 (60,000) 4640 0100 Sale Of Assets 2,683 0 0 4690 0600 Collection Of Doubtful 717 1,647 1,087 1,000 1,000 0 4690 0300 Amortization Of CIA 46,470 25,691 36,947 45,000 49,263 4,263 4670 0200 Transfers In/(Out) 0 (225,500) 0 Total Other Income 251,335 (20,628) 72,700 164,000 108,263 (55,737) Total Harbor Revenue $1,136,575 $965,521 $862,621 $1,177,400 $1,390,389 $212,989 . . . SEWARD BOAT HARBOR EXPENSES 1990 Y-T-D 1990 Revised B d 1991 Manager R Change from 990 1988 1989 I Dept G L Account Name Actual Actua (9 Months) U oget ecom. 1 Personal Services 4110 5010 Salaries $231,029 $236,531 $169,536 $247,837 $230,600 ($17,237) 4110 5020 Overtime 6,040 11,449 10,003 9,000 8,389 (611) 4110 5030 Unemployment Wages 3,256 65 53 1,000 1,000 0 4110 5040 Leave Time 25,906 27,548 19,858 28,586 26,567 (2,019) 4110 5050 In Lieu Of Fica 12,371 8,851 2,710 9,690 5,845 (3,845) 4110 5060 Retirement 22,588 29,362 6,165 8,350 21,199 12,849 4110 5070 Health Insurance 26,500 31,328 28,847 35,549 36,700 1,151 4110 5080 Worker's Comp 6,694 9,489 8,142 10,047 14,108 4,061 4110 5090 Medicare Tax 686 1,614 1,531 1,234 1,928 694 4110 5520 Transfer Labor (21,084) (49,347) (1,404) 0 Total Personal Svcs 313,986 306,889 245,441 351,293 346,336 (4,957) 4110 5120 Advertising 463 745 500 500 0 4110 5130 Subscriptions & Dues 0 150 100 100 0 4110 5140 Travel 1,062 1,377 1,612 1,600 1,600 0 4110 5150 Communications 4,109 4,383 2,877 2,500 2,500 0 4110 5160 Training (5) 60 260 500 500 0 4110 5170 Legal 11,365 0 12,212 1,000 5,000 4,000 4110 5310 Utilities 19,191 25,351 20,101 20,000 20,000 0 4110 5330 Heat 3,396 3,391 3,174 3,500 3,500 0 4110 5360 Rents & Leases 69,754 69,754 39,398 61,610 52,800 (8,810) 4110 5370 Insurance 34,549 59,379 51,425 45,656 65,317 19,661 4110 5380 Maintenance 35,483 20,846 16,358 10,000 10,000 0 4110 5390 Contracted Services 15,411 33,783 7,044 5,000 7,172 2,172 4110 5410 Office Supplies 2,272 2,601 2,000 2,000 4110 5420 Vehicle Maint 5,153 409 3,000 3,000 4110 5430 Uniform Allowance 278 303 292 650 650 0 4110 5440 Operating Supplies 20,334 8,942 3,377 13,875 13,875 0 4110 5450 Gas & Lube 5,220 5,657 4,603 4,800 3,600 (1,200) 4110 5460 Small Tools 106 800 2,502 600 600 0 4110 5470 Janitor Supplies 2,785 2,577 1,300 2,000 700 4110 5790 Misc Expense 2,899 1,143 91 500 500 0 Total General 537,600 553,162 416,354 524,984 541,550 16,566 Electrical System 4200 5320 Power for Resale 89,153 96,177 61,258 70,000 70,000 0 4200 5380 Maintenance 1,339 11,112 784 1,000 1,000 0 4200 5390 Contract Service 1,468 1,137 2,912 1,000 15,000 14,000 4200 5440 Operating Supplies 0 0 4,825 1,000 1,000 0 Total Electrical 91,959 108,426 69,779 73,000 87,000 14,000 . . . SEWARD BOAT HARBOR EXPENSES 1990 Y-T-D 1990 Revised 1991 Manager Change from 1988 1989 Dept GL Account Name Actual Actual (9 Months) Budget Recom. 1990 Marine Marketing & De elopment Personal Services 4400 5010 Salaries 61,670 52,525 37,429 50,649 74,359 23,710 4400 5020 Overtime 1,658 1,658 4400 5040 Leave Time 5,148 6,058 4,721 6,137 9,010 2,873 4400 5060 Retirement 5,939 5,399 1,608 1,687 6,925 5,238 4400 5070 Health Insurance 3,349 3,999 3,499 4,444 9,748 5,304 4400 5080 Worker's Comp 257 2,108 2,509 1,957 3,803 1,846 4400 5090 Medicare Tax 884 804 743 779 1,168 389 4400 5520 Transfer Labor (3,922) (410) 0 Total Personal Svcs 77 ,248 66,971 50,099 65,653 106,671 41,018 4400 5120 Advertising 64 1,504 342 1,000 6,800 5,800 4400 5130 Subscriptions 0 55 139 500 610 110 4400 5140 Travel & Subsistence 14,191 10,284 9,485 10,000 15,000 5,000 4400 5150 Communications 1,247 1,663 2,412 2,400 3,000 600 4400 5190 Special Services 5,000 0 4400 5360 Rents & Leases 0 0 300 3,906 3,906 4400 5380 Maintenance & Repairs 1,450 1,413 306 1,000 500 (500) 4400 5390 Contract Services 10,290 1,600 2,296 5,000 34,100 29,100 4400 5410 Office Supplies 614 741 1,000 1,000 4400 5440 Operating Supplies 2,402 438 176 1,000 0 (1,000) 4400 5450 Gas & Lube 0 101 37 2,250 0 (2,250) 4400 5730 Promotion 0 0 7,034 2,500 15,000 12,500 4400 5790 Miscellaneous 0 3,089 2,000 0 4400 5930 Equipment 0 4,823 173 4,000 4,000 Total Marine Mkting 106,893 92,556 80,540 91,303 190,587 99,284 . . . SEWARD BOAT HARBOR EXPENSES 1990 Y-T-D 1990 Revised B d 1991 Manager R Change from G 1988 A 1989 A I A N Dept L ccount ame ctual ctua (9 Months) U 1get ecom. 1990 Other Operating Expens s 4110 5610 Contributions 5,000 0 4110 5650 Depreciation 99,433 129,006 86,085 97,102 110,627 13,525 4110 5660 Doubtful Accounts 25,576 16,434 5,000 15,000 10,000 4110 5670 Administrative 51,493 47,202 52,983 70,644 145,992 75,348 4110 5680 Pymnt In Lieu Of Tax 98,054 92,871 64,602 94,192 111,231 17,039 4110 5740 Revenue Refunds 0 1,238 1,925 1,500 1,500 4110 5770 Collection Expense 217 598 284 500 500 0 4110 5820 Bond Interest 0 168,395 80,806 159,028 154,180 (4,848) 4110 5810 Bond Principal 0 57,645 57,647 61,500 3,853 4110 5920 Buildings 0 0 4110 5930 Equipment 0 5,895 11 ,308 4,000 5,200 1,200 Total Other 274,774 461,638 360,638 488,113 605,730 117,617 Total Expenses $1,011,226 $1,215,782 $927,311 $1,177,400 $1,424,867 $247,467 . . . SEWARD MARINE INDUSTRIAL CENTER STATEMENT OF REVENUES AND EXPENSES For Budget Year Ending June 30, 1991 1989 Actual 1990 Y-T-D (9 Months) 1991 Manager Recom. OPERATING REVENUES Lift fees $50,907 $57,509 $242,640 Miscellaneous 61,697 322,386 215,139 Total operating revenues 112,604 379,895 457,779 OPERATING EXPENSES Supplies and maintenance 186,001 37,333 24,000 Salaries and benefits 8,389 102,181 Administration and general 205,643 155,601 326,172 Total operating expenses 391,644 201,323 452,353 Operating income (loss) (279,040) 178,572 5,426 NON-oPERATING REVENUES (EXPENSES) Interest (21,855) (14,197) (25,000) Total non-operating revenues (expenses) (21,855) (14,197) (25,000) Income (loss) before operating transfers (300,895) 164,375 (19,574) OPERATING TRANSFERS IN (OUT) 225,500 Net income (loss) (75,395) 164,375 (19,574) INCREASE (DECREASE) IN FUND BALANCE (75,395) $164,375 ($19,574) . . . SEWARD MARINE INDUSTRIAL CENTER (SMIC) REVENUES 1988 1990 Revised 1991 Manager Change from 1989 1990 Y-T-D Dept GL Account Name Actual Actual (9 Months) Budget Recom. 1990 General Operations 4775 0010 Ship Lift $46,600 $50,907 $57,509 $194,027 $92,640 ($101,387) 4775 0020 Storage Fees-Day Charge 75,962 54,643 75,600 10 1,400 101,400 4775 0021 Power Sales 945 7,054 10,786 0 4775 0030 Wharfage 119 2,500 (2,500) 4775 0040 Moorage 728 36,000 15,500 30,000 14,500 4775 0060 Labor & Service Fee-SMII 23,739 23,739 4780 0600 Misc. Operating Revenue 200,000 0 4765 0200 Lift Fees-250 Ton 150,000 150,000 4765 0400 Storage Fees-250 Ton 60,000 60,000 4765 0600 Labor & Service Fee-250. on 0 4670 0100 Transfer In/(Out) 233,500 20,156 (20,156) Total Revenue $124,354 $346,104 $379,895 $232,183 $457,779 $225,596 . . . SEWARD MARINE INDUSTRIAL CENTER (SMIC) 1988 Dept GL Account Name Actual 1990 Y-T-D (9 Months) 1990 Revised Budget 1991 Manager Recom. Change from 1990 1989 Actual Personal Services 4170 5010 Salaries & Wages 5,434 $65,331 $65,331 4170 5020 Overtime 1,781 4,611 4,611 4170 5030 Unemployment Wages 250 250 4170 5040 Leave Time 7,847 7,847 4170 5050 In Lieu of Fica 23 0 4170 5060 Retirement 227 6,328 6,328 4170 5070 Health Insurance 30 12,039 12,039 4170 5080 Worker's Comp 71 4,789 4,789 4170 5090 Medicare Tax 986 986 4170 5510 Transfer Labor 14,223 23,982 823 5,000 (5,000) Total Personal Svcs 14,223 23,982 8,389 5,000 102,181 97,181 4170 5120 Advertising 163 78 0 4170 5140 Travel (84) 0 4170 5150 Communications 36 166 312 200 200 4170 5170 Legal (41) 1,656 3,166 20,000 20,000 4170 5180 Engineering 4,513 0 4170 4190 Other Special Services 7,177 0 4170 5310 Utilities 52,281 59,579 40,348 40,000 40,000 0 4170 5330 Heat 1,500 1,500 4170 5360 Rents & Leases 33,600 33,600 4170 5370 Insurance 62,250 73,275 44,924 55,000 80,603 25,603 4170 5380 Maintenance 17,458 185,254 37,214 13 ,000 20,000 7,000 4170 5390 Contracted Services 6,782 32,832 19,398 14,000 14,000 0 4170 5440 Operating Supplies 2,251 747 119 4,000 4,000 0 4170 5450 Gas & Lube 9,310 8 5,000 7,400 2,400 4170 5490 Misc. Freight 196 0 4170 4670 Administrative Expense 9,541 12,721 10,068 (2,653) 4170 5680 In Lieu of Taxes 6,968 10,598 16,962 36,622 19,660 4170 5780 Interest Expense 21,855 14,197 16,000 25,000 9,000 4170 5790 Mise Expense 149 10 500 3,000 2,500 4170 5810 Debt Service-Principal 0 4170 5820 Debt Service-Interest 75,279 75,279 4170 5930 Equipment 22,517 50,000 3,900 (46,100) Total Expenses $164,778 $413,499 $215,520 $232,183 $477,353 $245,170