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HomeMy WebLinkAboutRes1990-056 . . . Sponsored by: Schaefermeyer CITY OF SEWARD, ALASKA RESOLUTION NO. 90-056 OF A RESOLUTION OF THE CITY COUNCIL OF THE CITY SEWARD, ALASKA, ADOPTING THE ELECTRIC 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 Electric 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 Electric Fund revenues and expenditures for Fiscal Year 1991, is HEREBY ADOPTED. Section 2. The Electric 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 ~~~~c WILLIAM C. NOLL, MAYOR AYES: NOES: ABSENT: ABSTAIN: NOLL, BURGESS, DUNHAM, HILTON, MEEHAN, SIEMINSKI, SIMUTIS NONE NONE NONE ATTEST: APPROVED AS TO FORM: PERKINS COIE, Attorneys for the city of Seward, Alaska 7.-.1 ~~ Fred B. Arv~dson City Attorney (City Seal) -1- . . . ELECTRIC FUND 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 Residential Sales $1,329,284 $1,075,438 $1,433,917 Commercial Sales 1,043,923 1,043,923 1,392,692 Industrial Sales 217,020 178,321 237,761 Governmental Sales 972,050 762,443 1,019,673 City of Seward Sales 433,535 311,529 416,003 Miscellaneous 143,148 75,964 184,575 Total operating revenues 4,138,960 3,447,618 4,684,621 OPERATING EXPENSES Power 1,326,796 1,073,070 1,618,739 Distribution 14,403 15,813 9,000 Supplies and Maintenance 105,701 146,607 89,800 Salaries and benefits 392,466 382,882 643,522 Administration and general 899,954 680,390 1,173,368 Depreciation 956,763 692,896 915,270 Total operating expenses 3,696,083 2,991,658 4,449,699 Operating income (loss) 442,877 455,960 234,922 NON-OPERATING REVENUES (EXPENSES) Interest (28,597) 20,458 25,000 Bond interest (532,141) (469,755) (479,557) Other 170 1,147 Total non-operating revenues (expenses) (560,568) (448,150) (454,557) Income (loss) before operating transfers (117 ,691) 7,810 (219,635) OPERATING TRANSFERS IN (OUT) Net income (loss) (117,691) 7,810 (219,635) TRANSFERS ON CONTRIBUTED ASSETS 435,824 324,970 433,291 INCREASE (DECREASE) IN RETAINED EARNINGS $318,133 $332,780 $213,656 . . . ELECTRIC FUND STATEMENT OF CASH FLOWS 1989 Actual 1990 Y-T-D (9 Months) 1991 Manager Recom. Cash is Provided By (Used For): Net Income/(Loss) ($117,691) $7,810 ($219,635) Add Expense Items Not Affecting Cash Depreciation 956,763 692,896 915,270 Net Cash Provided By (Used For) Operations $839,072 $700,706 $695,635 Other Uses of Cash Debt Principal Payments 248,981 271,519 361,246 Equipment Purchases 353,809 4,991 110,000 Other Sources of Cash Increase in Capital Lease 148,190 Net Increase (Decrease) in Cash $384,472 $424,196 $224,389 . . . ELECTRIC FUND REVENUES 1990 Y-T-D 1990 Revised 1991 Manager Change From 1988 1989 Dept GL Account Name Actual Actual (9 Months) Budget Recom. 1990 Power Sales 4710 0010 Residential $1,203,652 $1,329,284 $1,075,438 $1,319,459 $1,433,917 $114,458 Small General Service 4720 0110 Commercial 554,161 597,424 549,714 580,028 732,952 152,924 4740 0010 Government 366,104 340,347 251,028 338,602 334,704 (3,898) Total Small G.S. 920,265 937,770 800,742 918,630 1,067,656 149,026 Large General Service 4720 0120 Commercial 547,864 651,791 494,209 599,764 659,740 59,976 4740 0020 Government 658,475 1,065,238 788,979 1,055,429 1,051,972 (3,457) Total Large G.S. 1,206,339 1,717,029 1,283,188 1,655,193 1,711,712 56,519 4730 0110 Special Contract 210,584 217,020 178,321 212,778 237,761 24,983 4750 0130 Street Lighting 30,830 30,788 23,963 32,000 32,000 0 4750 0140 Yard Lights 13,796 13,445 10,003 15,000 17,000 2,000 Total Power Sales 3,585,466 4,245,337 3,371,655 4,153,060 4,500,046 346,986 Other Income From Opera 'ons 4780 0200 Turn On Fees 27,980 28,750 27,400 31,000 31,000 0 4780 0210 Work Orders 76,763 37,247 17,785 60,000 112,575 52,575 4610 0120 Penalties 1,436 684 211 1,000 500 (500) 4780 0160 Misc Service 125 25 1,000 500 (500) 4780 0350 Equipment Rental 39,396 32,208 21,140 35,000 30,000 (5,000) 4780 0360 Joint Pole Use 8,619 0 9,428 5,000 10,000 5,000 Total Other Oper. 154,320 98,914 75,964 133,000 184,575 51,575 Total Oper. Income 3,739,785 4,344,251 3,447,619 4,286,060 4,684,621 398,561 Other Income 4610 0010 Interest - Investments 1,007 1,790 20,818 500 25,000 24,500 4610 0510 Interest - Work Orders 767 48 0 4640 0100 Sale Of Assets 0 0 0 0 4690 0600 Collectn Doubtful Acct 7,216 0 0 0 4690 0300 Amortization Of CIA 417,685 435,824 324,970 350,000 433,291 83,291 4780 0600 Other Misc Revenue 0 170 1,147 0 0 Total Other Income 425,908 438,551 346,983 350,500 458,291 107,791 Total Revenue $4,165,694 $4,782,803 $3,794,602 $4,636,560 $5,142,912 $506,352 . . . ELECTRIC FUND EXPENSES 1988 1989 1990 Y-T-D 1990 Revised 1991 Manager Change From Dept GL Account Name Actual Actual (9 Months) Budget Recom. 1990 Standby Generation 5100 5010 Wages $4,143 4,131 5,370 $6,240 $6,240 I $0 5100 5020 Overtime 16,714 7,767 4,278 18,720 13,099 (5,621) 5100 5040 Leave Time 0 5100 5050 In Lieu Of Pica 596 0 5100 5060 Retirement 0 5100 5070 Health Insurance 0 5100 5080 Worker's Comp 8 0 5100 5090 Medicare Tax 57 0 Total Personnel 20,857 11,899 10,309 24,960 19,339 (5,621) 5100 5310 Utilities 5,746 9,386 8,465 9,900 9,900 0 5100 5330 Fuel 46,650 19,720 11 ,294 22,000 22,000 0 5100 5380 Maintenance 10,043 7,646 3,620 12,000 12,000 0 5100 5390 Contract Services 31,904 466 3,000 3,000 0 5100 5440 Operating Supplies 2,780 1,339 60 2,500 2,500 0 5100 5460 Small Tools 226 0 500 500 0 5100 5930 Equipment 30,000 30,000 Total Standby 118,206 50,457 33,748 74,860 99,239 24,379 Substation Operations 5110 5010 Wages 15,891 8,532 3,195 12,480 13,099 619 5110 5020 Overtime 257 2,362 1,087 500 500 0 5110 5040 Leave Time 0 5110 5050 In Lieu Of Fica 244 0 5110 5060 Retirement 0 5110 5070 Health Insurance 0 5110 5080 Worker's Comp 5 0 5110 5090 Medicare Tax 38 0 Total Personnel 16,148 10,894 4,569 12,980 13,599 619 5110 5310 Utilities 34,668 31,775 22,918 35,000 35,000 0 5110 5380 Maintenance 739 246 8,155 500 1,000 500 5110 5390 Contract Services 1,803 14,108 1,967 17,000 12,500 (4,500) 5110 5440 Operating Supplies 1,448 739 25,949 500 1,500 1,000 Total Substation 54,806 57,761 63,558 65,980 63,599 (2,381) . . . ELECTRIC FUND EXPENSES G A 1988 A 1989 A 1990 Y-T-D 1990 Revised B d 1991 Manager R Change From Oept L ccount Name ctual ctual (9 Months) U get ecom. 1990 Marathon Hydro 5120 5440 Operating Supplies 4,294 0 1,590 0 2,500 2,500 Total Marathon 4,294 0 1,590 0 2,500 2,500 Distribution - O.H. Sys !em Improve hents 5200 5010 Wages 679 1,537 21,073 28,352 11 ,600 (16,752) 5200 5020 Overtime 25 15 3,844 1,067 0 (1,067) 5200 5040 Leave Time 0 5200 5050 In Lieu Of Pica 758 0 5200 5060 Retirement 0 5200 5070 Health Insurance 0 5200 5080 Worker's Comp 36 0 5200 5090 Medicare Tax 188 0 Total Personnel 704 1,551 25,899 29,419 11 ,600 (17,819) 5200 5390 Contract Services 80 10,154 167 1,000 1,000 0 5200 5440 Operating Supplies 693 1,122 335 10,000 10,000 0 Total O.H. Improv. 1,477 12,827 26,401 40,419 22,600 (17,819) Distribution - U.G. Sys l:m Improve jIents 5210 5010 Wages 0 0 18,812 9,806 7,500 (2,306) 5210 5020 Overtime 0 0 3,636 533 0 (533) 5210 5040 Leave Time 0 5210 5050 In Lieu Of Pica 441 0 5210 5060 Retirement 0 5210 5070 Health Insurance 0 5210 5080 Worker's Comp 34 0 5210 5090 Medicare Tax 184 0 Total Personnel 0 0 23,107 10,339 7,500 (2,839) 5210 5390 Contract Services 0 35 350 1,000 1,000 0 5210 5440 Operating Supplies 0 715 8,000 5,000 (3,000) Total U.G. Improv. 0 750 23,457 19,339 13,500 (5,839) . . . ELECTRIC FUND EXPENSES 1988 1989 1990 Y-T-D 1990 Revised 1991 Manager Change From Deot GL Account Name Actual Actual (9 Months) Budget Recom. 1990 Transmission 0 & M 5220 5010 Wages 10,653 3,096 652 24,960 15,282 (9,678) 5220 5020 Overtime 12,390 5,926 2,728 10,400 15,282 4,882 5220 5040 Leave Time 0 5220 5050 In Lieu Of Pica 29 0 5220 5060 Retirement 0 5220 5070 Health Insurance 0 5220 5080 Worker's Comp 3 0 5220 5090 Medicare Tax 27 0 Total Personnel 23,044 9,022 3,439 35,360 30,564 (4,796) 5220 5360 Rents 208 1,000 3,000 2,000 5220 5390 Contract Services 11,018 3,969 7,000 10,000 10,000 0 5220 5440 Operating Supplies 164 178 5,000 5,000 0 5220 5460 Small Tools & Equip 250 0 334 1,000 1,000 0 Total Transmission 34,475 13,376 to,773 52,360 49,564 (2,796) Distribution 0 & M 5230 5010 Wages 76,559 71,809 20,095 77,257 70,954 (6,303) 5230 5020 Overtime 14,878 13,526 3,802 15,000 15,000 0 5230 5040 Leave Time 0 5230 5050 In Lieu Of Pica 0 5230 5060 Retirement 0 5230 5070 Health Insurance 0 5230 5080 Worker's Comp 0 5230 5090 Medicare Tax 0 Total Personnel 91,437 85,335 23,897 92,257 85,954 (6,303) 5230 5390 Contract Services 3,905 3,146 14,555 4,000 5,000 1,000 5230 5440 Operating Supplies 6,010 5,044 3,241 10,000 10,000 0 5230 5460 Small Tools 1,366 1,068 741 2,000 2,000 0 5230 5790 Miscellaneous 90 0 1,000 (1,000) 5230 5930 Equipment 0 3,000 53,000 50,000 Total Distribution 102,809 94,592 42,434 112,257 155,954 43,697 . . . ELECTRIC FUND EXPENSES 1988 1989 1990 Y-T-D 1990 Revised 1991 Manager Change From Deot GL Account Name Actual Actual (9 Months) Budaet Recom. 1990 I Wholesale Power 5250 5320 Chugach Electric Assn 1,310,285 1,320,012 1,061,926 1,587,860 1,603,739 15,879 5250 5320 Marathon Hydro 10,746 6,784 11,144 16,500 15,000 (1,500) Total W/S Power 1,321,030 1,326,796 1,073,070 1,604,360 1,618,739 14,379 Work Orders 5300 5010 Wages (7,408) (53,332) 48,915 0 67,575 67,575 5300 5020 Overtime 6,337 7,203 5,406 0 5,000 5,000 5300 5040 Leave Time 0 5300 5050 In Lieu Of Pica 411 0 5300 5060 Retirement 8 0 5300 5070 Health Insurance 0 5300 5080 Worker's Comp 13 0 5300 5090 Medicare Tax 61 0 Total Personnel (1,072) (46,130) 54,814 0 72,575 72,575 5300 5390 Contract Services 0 500 0 0 5300 5440 Operating Supplies 32,028 20,416 75,228 0 0 Total Work Orders 30,957 (25,214) 130,042 0 72,575 72,575 Meter Service 5380 5010 Wages 14,657 11 ,535 9,218 17,400 17,740 340 5380 5020 Overtime 103 605 166 600 500 (100) 5380 5040 Leave Time 0 5380 5050 In Lieu Of Pica 121 0 5380 5060 Retirement 0 5380 5070 Health Insurance 0 5380 5080 Worker's Comp 5 0 5380 5090 Medicare Tax 17 0 Total Personnel 14,759 12,140 9,527 18,000 18,240 240 5380 5390 Contract Meter Reading 10,610 10,063 10,248 18,000 14,400 (3,600) Total Meter Service 25,369 22,203 19,775 36,000 32,640 (3,360) . . . ELECTRIC FUND EXPENSES 1988 1990 Y-T-D Change From 1990 Revised 1991 Manager 1989 Dept GL Account Name Actual Actual (9 Months) Budget Recom. 1990 General Operations 5400 5010 Wages 52,599 42,563 47,837 49,757 60,310 10,553 5400 5020 Overtime 6,019 1,601 10 1,000 1,000 0 5400 5025 Electric Meal Allowanc 1,649 2,000 2,000 5400 5030 Unemployment Comp 7,402 (1,395) 4,000 4,000 0 5400 5040 Leave Time 39,514 29,517 22,267 32,059 32,751 692 5400 5050 In Lieu Of Pica 5,165 7,345 451 3,950 3,950 0 5400 5060 Retirement 50,759 36,128 5,568 35,711 37,986 2,275 5400 5070 Health Insurance 15,687 14,091 17,127 22,220 24,370 2,150 5400 5080 Worker's Comp 7,032 3,613 7,999 11,575 15,746 4,171 5310 5020 Standby Time 31,402 32,703 19,734 34,944 39,734 4,790 5400 5090 Medicare Tax 2,176 1,927 1,913 2,780 3,172 392 5400 5120 Publications 60 189 60 200 140 5400 5130 Subscriptions & Dues 583 435 3,000 100 (2,900) 5400 5140 Travel & Subsistence 9,824 864 500 500 0 5400 5150 Communications 4,665 2,300 4,000 4,000 0 5400 5160 Training 1,599 1,176 2,000 2,000 0 5400 5170 Legal 42,094 21,939 36,135 10,000 40,000 30,000 5400 5360 Rents & Leases 11,090 1,116 8,000 8,000 5400 5370 Insurance 67,339 78,525 51,505 84,000 83,253 (747) 5400 5380 Maint & Rprs Equipmel 1,855 15,972 12,429 5,000 10,000 5,000 5400 5390 Contracted Services 19,994 2,864 10,000 10,000 0 5400 5410 Office Supplies 5,072 643 200 200 0 5400 5420 Vehicle Maintenance 27,859 5,552 20,000 15,000 (5,000) 5400 5440 Operating Supplies 19,201 9,337 6,000 6,000 0 5400 5450 Gas & Lube 4,831 3,886 6,500 6,500 0 5400 5490 Misc, Preight 29 0 5400 5460 Small Tools & Equipme t 6,072 5,871 2,500 2,500 0 Total General 329,043 395,379 258,886 351,756 413,272 61,516 . . . ELECTRIC FUND EXPENSES GL A N 1988 I 1989 A 1990 Y-T-D 1990 Revised 1991 Manager Change From Dept ccount ame Actua ctual (9 Months) Budget Recom. 1990 Administrative & Engin ering 5410 5010 Salaries 85,189 104,499 75,956 105,027 111,851 6,824 5410 5020 Overtime 0 88 404 1,000 1,000 0 5410 5040 Leave Time 8,622 13,006 9,238 12,769 13,552 783 5410 5050 In Lieu Of Pica 2,442 2,094 1,057 1,975 1,975 0 5410 5060 Retirement 7,457 8,089 2,865 3,572 10,458 6,886 5410 5070 Health Insurance 8,370 6,962 10,498 13,332 14,622 1,290 5410 5080 Worker's Comp 2,082 4,193 2,398 4,143 4,799 656 5410 5090 Medicare Tax 387 731 350 761 875 114 Total Personnel 114,547 139,662 102,766 142,579 159,132 16,553 Administrative & Engine lering Cont', . 5410 5120 Advertising 333 0 250 250 0 5410 5130 Subscriptions & Dues 2,741 1,547 2,405 1,500 2,000 500 5410 5140 Travel 13,354 1,298 3,797 6,400 5,000 (1,400) 5410 5150 Communications 6,340 0 1,560 4,500 4,800 300 5410 5160 Training 0 1,789 1,000 2,000 1,000 5410 5180 Engineering 33 36 (36) 0 0 5410 5330 Heat 0 472 0 1,422 1,422 5410 5360 Rents & Leases 2,208 1,375 1,913 1,500 4,440 2,940 5410 5380 Maintenance 2,163 0 53 250 250 0 5410 5390 Contract Services 12,214 0 1,000 1,000 0 5410 5410 Office Supplies 32,329 130 289 2,750 2,000 (750) 5410 5420 Vehide Maint 22 179 600 600 5410 5450 Gas & Lube 7,300 954 54 1,000 1,000 0 5410 5460 Small Tools 2,122 58 735 1,500 1,500 0 5410 5520 Labor Transfer (1,361) (3,155) (557) 0 Total Admin. & Eng. 194,325 141,928 115,419 164,229 185,394 21,165 . . . ELECTRIC FUND EXPENSES 1988 1989 1990 Y-T-D 1990 Revised Change From 1991 Manager Dept GL Account Name Actual Actual (9 Months) Budget Recom. 1990 Other Operating Expens s 5400 5590 Deposit Interest 3,119 582 729 1,000 1,000 0 5400 5650 Depreciation 871,380 956,763 692,896 605,237 915,270 310,033 5400 5660 Doubtful Accounts 34,064 33,067 15,000 12,000 (3,000) 5400 5670 Administrative 165,412 151,628 209,396 278,194 392,670 114,476 5400 5680 Paymnt In Lieu Of Tax 332,371 346,210 274,404 370,925 411,433 40,508 5400 5770 ColJection Expense 415 271 93 250 250 0 5400 5790 Interest Expense 54,201 31,154 408 31,000 (31,000) 5400 5810 Interfund Principal Pmt 0 9,000 (9,000) 5400 5790 Misc Expense 110,781 116,630 1,196 2,500 2,500 0 5400 5920 Land 12 0 8,800 8,000 (8,000) 5400 5930 Equipment (540) 76 4,991 68,000 68,000 Total Other Oper. 1,571,215 1,636,382 1,192,913 1,321,106 1,803,123 482,017 Debt Service 5450 5820 Interest 543,772 532,141 469,755 515,594 479,557 (36,037) 5450 Fiscal Agent Fee 0 0 0 5450 5810 Principal 225,000 248,981 271,519 278,300 361,246 82,946 Total Debt Service 768,772 781,122 741,274 793,894 840,803 46,909 Total Electric Fund $4,556,779 $4,508,360 $3,733,340 $4,636,560 $5,373,502 $736,942