HomeMy WebLinkAboutRes1998-063
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 98-063
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE PARKING REVENUE ENTERPRISE FUND
BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 1998
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The Parking Revenue Enterprise Fund budget for the Fiscal Year beginning July
1, 1998 which is attached hereto and made a part hereofby reference, and which contains estimated
Parking Revenue Fund revenues and expenditures for Fiscal Year 1999, is HEREBY ADOPTED.
Section 2. This resolution shall take effect July 1, 1998.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 26th
day of May, 1998.
THE CITY OF SEWARD, ALASKA
'~;f SaM
Lowell R. Satin, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Callahan, Clark, Gage, King, Orr, Satin
None
None
None
ATTEST:
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PARKING REVENUE ENTERPRISE FUND
Statement of Revenue and Expenses
I and Changes in Retained Earnings
For Budget Year Ending June 30, 1999
FY99
FY97 FY98 FY98 Proposed FY98-99
Actual Thru 3/98 Budget Budget %Chg
Operating revenues:
Parking tickets 5.440 0 0 0 0.0%
Contract fees l4,4II 41.535 75.000 75.000 100.0%
Total operating revenues: 29,851 41,535 75,000 75,000 0.0%
Operating expenses:
Salaries 4.740 0 0 0 0.0%
Employee Benefits 660 0 0 0 0.0%
Purchased Services 0 982 0 6.000 0.0%
Supplies and Maintenance 553 0 3,900 3.900 0.0%
General and Administrative 6.285 4.268 9,763 9,900 1.4%
Total operating expenses: 12,238 5,250 13,663 19,800 44.9%
I Operating income before depreciation 17,613 36,285 61,337 55,200 -10.0%
Depreciation 0 0 0 0 0.0%
Operating Income (Loss) 17,613 36,285 61,337 55,200 -10.0%
Non-operating revenues (expenses)
Interest Income 0 2.640 0 0 0.0%
Interest Expense (453) 0 (231) 0 -100.0%
Total non-operating revenues (expenses) (453) 2,640 (23 I) 0 -100.0%
Net Income (Loss) 17,160 38,925 61,106 55,200 9.7%
Retained earnings at beginning of year (5,959) 11,201 11,201 72,307 5.5%
Retained earnings at year-end 11,201 50,126 72,307 127 ,507 76.3%
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CITY OF SEWARD
PARKING REVENUE ENTERPRISE FUND
Budgeted Statement of Cash Flow
For Budget Year Ending June 30, 1999
FY98 FY99 FY98-99
Budget Budget %Chg
Cash is provided By (Used For):
Net Income/(Loss) 61,106 55,200 9.7%
Add Expense Items Not Affecting Cash
Depreciation . 0 0 0.0%
Net Cash Provided By (Used For) Operations 61,106 55,200 9.7%
Other Uses of Cash
Debt Principal Payments 0 0 0.0%
Capital Outlay 0 0 0.0%
Net Increase (Decrease) in Cash 61,106 55,200 -9.7%
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CITY OF SEWARD
PARKING REVENUE ENTERPRISE FUND
Operating and Residual Equity Transfer Budget
For Budget Year Ending June 30. 1999
FY98 FY99
Bud2et Budget
Operating Transfers from Other Funds:
General Fund - to extinguish this Fund's deficit 30.129 0
Total Operating Transfers-In 30,129 0
Operating Transfers to Other Funds:
General Fund repayment 30.129 0
Total Operating Transfers-Out 30,129 0
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Residual Equity Transfers In (Out) 0 0
Net Transfers-In (Out) 0 0
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