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Home My WebLink AboutRes1991-057 . . . Sponsored by: Schaefermever CITY OF SEWARD, ALASKA RESOLUTION NO. 91-057 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE SMIC SPECIAL REVENUE FUND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 1991 NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The city SMIC Special Revenue Fund budget for the fiscal year beginning July 1, 1991, which is attached hereto and made a part hereof by reference, and which contains estimated Seward Marine Industrial Center Fund revenues and expenditures for Fiscal Year 1992, is HEREBY ADOPTED. Section 2. The SMIC Special Revenue 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, 1991. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, this 10th day of June, 1991. THE CITY OF SEWARD, ALASKA ~~ DAVID L. HILTON, SR., MAYOR AYES: NOES: ABSENT: ABSTAIN: Burgess, Hilton, Meehan, Simutis Krasnansky, Sieminski Dunham None ATTEST: APPROVED AS TO FORM: PERKINS COlE, Attorneys for the city of Seward, Alaska ~M~ Fred B. Arvidson City Attorney (City Seal) . . . CITY OF SEWARD SMIC FUND Statement of Revenues, Expenses and Changes in Retained Earnings (Deficit) For Budget Year Ending June 30,1992 1989 1991 Y-T-D 1992 % Change Manager From 1991 1991 Rev~ed 1990 Actual Actual (9 Months) Budl!et Recom. Rev. Budl!et Operatinl! Revennes: 250 Ton Travelift fees & storal!e 44 016 210.000 210 000 0.00% 250 Ton Travelift labor 2000 100.00% Svncrolift fees & storage 95 811 204 710 58 700 194,040 309,066 59.28% Svncrolift labor 4373 3543 23 739 10 520 -55.68% Powe.- sales 7,054 11.654 84~ 10,000 100,00% Moor3l!e 42.527 16355 30 000 30 000 0.00% Miscellaneous 209 2.465 Total operatinl! re'Oenues 102 865 263.473 133.569 457.779 571.586 24.86% Operatinr: Expenllell: Before depreciation: Salaries 17 839 32 994 78,039 89747 15.00% Emplovee Benefits 4497 7773 24,142 24395 1.05% Supplies & Maintenance 186,001 57 191 11 929 31,400 31400 0.00% Administration & General 205,644 219086 150751 239,593 252985 5.59% Total Exnense 391,645 298.613 203447 373 174 398.527 6.79% Operatinl! Income (Lou) (288 780 (35.140 (69.878 84 605 173,059 104.55% Non - Operatinl: Revenues(Expenllell) Interest earned 39,278 Interest expense (21,855 (19,648 (22,418 (100,279 (99,150 -1.13% Other Total non-operatinr: rev,(exp,) (21,855 (19,648 16,860 (100,279 (99,150 -1.13% Income (loss) before operatinl: Ira (310,635 (54,788 (53,018 (15,674 73,909 -571.54% Operatinl: Transfers to Other Funds 225,500 (200,000 Net income (loss) (85,135 (254,788 (53,018 (15,674 73,909 -57154% Increaae(Decreaae)in Retained Hamin (85135 (254.788 (53.018 (15 674 73,909 -571.54% Retained earninu at be.innin. ofvear (248,369 (333504 (388,292 (388,292 (403966' 4,04% Residual equity transfe.- fi'om other funds Insuranceoroceeds 200 000 96.293 Retained eamin" at end of year (333.504 (388.292 (345.017 (403 966 (330,057 18.30% . . . SEWARD MARINE INDUSTRIAL CENTER (SMIC) STATEMENT OF CASH FLOWS 1990 1991 Y-T-D 1992 Manager 1991 Revi<led Actual '9 Months) Budl!et Recommend Cash i'i Provided Bv (Used For): Net Income/(Loss) ($254 788 ($53.018 ($15.674' $73,909 Less Income Items Not AffectinJ( Cash Amortization of CIA Add ExPense Items Not AffectinJ( Cash Deoreciation Net Cash Provided Bv (Used For) Operations ($254.788 ($53.018 ($15 674 $73 909 Other Uses of Cash Debt Princinal Payments 10.000 Eauinment Purchases 244 3,900 7,92JJ Canital Imorovement Plan Fund Transfer Out Other Sources of Cash Increase in Capital Lease Insurance Proceeds 200,000 96,293 Fund Transfer In (Out) (200,000 Net Increase (Decrease) in Cash ($254,788 $43,031 ($19,574 $55,989 . . . SEWARD MARINE INDUSTRIAL CENTER (SMIC) 1989 1991 1990 Y-T-D 1991 1992 % Change Revi<led Manager From 1991 Dent GL Account Name Actual Actual (9 Months) Budl!et Recom. Rev. Budget REVENUES 250 Ton Travelift 4765 0200 250 Ton Boat Lift Fees 32.749 150.000 150.000 0.00% 4765 0400 250 Ton Storal!e Fees 11.267 60 000 60 000 0.00% 4775 0060 Labor & Service 2000 100.00% Total 250 Tm 44.016 210.000 212000 0.95% Svncrolift 4775 0010 Shin Lifts 50,!Xl7 90.460 22 &Xl $92.640 123.626 33.45% 4775 0020 Storal!e Fees- Dav ChI!. 54 643 114.250 35.!X}() 101400 185 440 82.88% 4775 0021 Power Sales 7054 11.654 8.4!Xl 10 000 100.00% 4775 0030 Wharfal!e 209 4775 0040 Mooral!e 42527 16.355 30.000 30 000 0.00% 4775 0060 Labor & Service 4373 3,543 23.739 10 520 -55.68% Total Svncrolift 112 604 263473 87.088 247.779 359,586 45.12% Other Income 4780 0600 Misc. Oneratinl! Rev. 200.000 98 758 4610 0010 Interest Earned 39,278 Total Oneratinl! Rev 0 200,000 138,036 Total Revenue 112,604 463,473 269,140 457,779 571,586 24.86% . . . SEWARD MARINE INDUSTRIAL CENTER (SMIC) 1989 1991 1990 Y-T-D 1991 1992 % Change Revised Manager From 1991 Dellt GL Account Name Actual Actual (9 Months) Budl!:et Recom. Rev. Budl!:et EXPENSES Personal Services 4170 5010 Salaries & Wal!:es 14,302 23 057 $65331 $70909 8.54% 4170 5020 Overtime 3,537 7,575 4611 10 000 116.87% 4170 5030 Unemployment Wal!es 250 250 0.00% 4170 5040 Leave Time 2,362 7847 8588 9.44% 4170 5050 In Lieu of Fica 61 199 4170 5060 Retirement 430 1,605 6328 5245 -17.11% 4170 5070 Health Insurance 3,479 12.039 12 504 3,86% 4170 5080 Worker's Comp 1050 2163 4789 5452 13.84% 4170 5090 MedicarelFica 158 327 986 1194 21.10% 4170 5510 Transfer Labor 23.982 2798 Total Personal Svcs 23 982 22,336 40,767 102 181 114,142 11.71% 4170 5120 AdvertisinR 78 4170 5140 Travel 4170 5150 Communications 166 415 272 200 200 0.00% 4170 5170 LeRal 1,656 6,438 3,401 20,000 20,000 0.00% 4170 5180 Enl(ineerinl( 4,513 4170 4190 Other Special Services 7,177 2,547 4170 5310 Utilities 59,579 51,684 32,051 40,000 45,000 12.50% 4170 5330 Heat 302 1,500 1,000 -3333% 4170 5360 Rents & Leases 24,516 33,600 33,600 0.00% 4170 5370 Insurance 73,275 69,406 44,768 80,603 64,280 -2025% 4170 5380 Maintenance 185,254 39,475 10,&55 20,000 20,000 0,00% 4170 5390 Contracted Services 32,832 25,062 25,623 14,000 23,737 69.55% 4170 5440 OperatinR Supplies 747 17,520 911 4000 4.000 0.00% 4170 5450 Gas & Lube 8 7400 7.400 0.00% 4170 5460 Small Tools 72 4170 5490 Misc. FreiRht 196 91 4170 5660 Doubtful Accounts 2755 3.000 100.00% 4170 4670 Administrative Expense 12 721 7,551 10 068 10.441 3.70% 4170 5680 In Lieu of Taxes 6.968 20299 9,767 36 622 45 727 24.86% 4170 5780 Interest Expense 21.&55 19 648 22,418 25 000 35 000 40.00% 4170 5790 Misc Expense 10 2,500 3000 6000 100.00% 4950 5810 Debt Service- Principal 10 000 100,00% 4950 5820 Debt Service- Interest 75.279 64 150 -14.78% 4170 5920 BuildinR 244 4170 5930 Eauioment 23,158 3.900 79W 103.08% Total ExPenses $413 499 $318261 $226,109 $477353 $515,597 8.01% . . . SEWARD MARINE INDUSTRIAL CENTER (SMIC) 1989 1991 1990 Y-T-D 1991 1992 % Change Revi<led Manager From 1991 Dept GL Account Name Actual Actual (9 Months) Budl!et Recom. Rev. Bud~et EXPENSES - SYNCROLIFI' COMPLEX Personal Services 4170 5010 Salaries & Wal!es $42545 4170 5020 Overtime $6 000 4170 5030 Unemployment Wal!es $150 4170 5040 Leave Time $5 153 4170 5050 In Lieu of Fica $0 4170 5060 Retirement $3,147 4170 5070 Health Insurance $7,502 4170 5080 Worker's Como $3 271 4170 5090 MedicarelFica $716 Total Personal SvC! 68 485 4170 5150 Communications 100 4170 5170 Lel!al 20 000 4170 5310 Utilities 42 600 4170 5370 Insurance 55,555 4170 5380 Maintenance 17,000 4170 5390 Contracted Services 23,737 4170 5440 Operating Supplies 3,000 4170 5450 Gas & Lube 3,090 4170 5660 Doubtful Accounts 1,000 4170 5780 Interest~ense 35,000 4170 5790 Mise Expense 6,000 4170 5930 Equipment 3,960 Total Svncrolift $279.527 . . . SEWARD MARINE INDUSTRIAL CENTER (SMIC) 1989 1991 1990 Y-T-D 1991 1992 % Change Revi<;ed Manager From 1991 Dept GL Account Name Actual Actual (9 Months) Budl!et Recom. Rev. Budl!et EXPENSES - 250 TON TRA VELIFr COMPLEX Personal Services 4170 5010 Salaries & Wal!es $28,364 4170 5020 Overtime $4.000 4170 5030 Unemployment Wal!es $100 4170 5040 Leave Time $3.435 4170 5050 In Lieu of Fica $0 4170 5060 Retirement $2 098 4170 5070 Health Insurance $5 002 4170 5080 Worker's Comp $2 181 4170 5090 MedicarelFica $478 Total Personal SvC! 45 657 4170 5150 Communications 100 4170 5310 Utilities 2400 4170 5330 Heat 1,000 4170 5360 Rents & Leases 33 600 4170 5370 Insurance 8,725 4170 5380 Maintenance 3,000 4170 5440 Operating Supplies 1,000 4170 5450 Gas & Lube 4,310 4170 5660 Doubtful Accounts 2,000 4950 5810 Debt Service- Principal 10,000 4950 5820 Debt Service- Interest 64,150 4170 5930 Equipment 3,960 Total 250 Ton Traveli t $179 902 Other Operatinl! Expense 4170 4670 Administrative ExPense 10 441 4170 5680 In Lieu of Taxes 45 727 Total Other 56 168 Total Expense 515.597