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CITY OF SEWARD, ALASKA
RESOLUTION NO. 97-073
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE HOSPITAL DEBT SERVICE FUND BUDGET
FOR THE FISCAL YEAR BEGINNING JULY 1, 1997
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 fiscal year beginning July 1, 1997,
which is attached hereto and made a part hereof by reference, and which contains estimated hospital
debt service fund revenues and expenditures for Fiscal Year 1998, is HEREBY ADOPTED.
Section 2. This resolution shall take effect July 1, 1997.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 27th
day of May, 1997.
THE CITY OF SEWARD, ALASKA
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AYES:
NOES:
ABSENT:
ABSTAIN:
~/ ouis A:Bencardino, Mayor
Anderson, Blatchford, Crane, Keil, King
None
Bencardino, Clark
None
ATTEST:
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RESOLUTION NO. 97-073
HOSPITAL DEBT SERVICE FUND
STATEMENT OF REVENUES, EXPENDITURES, OTHER FINANCING
SOURCES (USES) AND CHANGES IN FUND BALANCE
For Budget Year Ending June 30, 1998
F\'9(i FY97 FY97
Actual Thru 2197 Budget
FY98
Option A
FY97-98
%Chg
Revenues (investment earnin2s): 477 2,500 0 3,000 100.0%
Expenditures:
Debt Service Pavments 0 0 0 313,670 100.0%
Total expenditures 0 0 0 313,670 100.0%
Excess of revenues over expenditures 477 2,soo 0 (310,670 -100.0'
Other fmancinl! sources:
Ooeratin2 transfers from other funds 0 0 0 314,825 100.0%
Excess of revenues and other sources
over e:menditures and other uses 477 2,500 0 4,155 100.0%
Fund Balance at beginning of year 0 115,979 115,979 115,979 0.0%
~esidual equity transfers from other funds 115,502 0 0 0 0.0%
- ---- -----~ ~. .--------~-_._.. ~- .------ - -.. - - ---- ---
"lInd.Balance at end of year_ .__ _.-
Reserved for debt service 115,979 118,479 115,979 120,134 3.6',
- - ----
Total Fund Balance 115,979 118,479 115,979 120J34 3.6%
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