HomeMy WebLinkAboutRes1998-065
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 98-065
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE MOTOR POOL INTERNAL SERVICE 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 City Motor Pool Internal Service Fund budget for the Fiscal Y car beginning
July 1, 1998 which is attached hereto and made a part hereof by reference, and which contains
estimated Motor Pool Internal Service 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
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Lowell R. Satin, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Callahan, Clark, Gage, King, Orr, Satin
None
None
None
ATTEST:
Patrick Reil1~\..\nuul',,,
City Clerl(.:':>"" OF SlEJ.'t(. ~'"
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MOTOR POOL INTERNAL SERVICE FUND
Statement of Revenues, Expenses
and Changes in Retained Earnings
For Budget Year Ending June 30. 1999
FY97 FY98 FY98 FY99 FY98-99
Actual Thru 3198 Budget Budget %Chg
Operating revenues:
Vehide Rentals 136.235 122.443 167.973 187.441 11.6%
Total operating revenues: 136,235 122,443 167,973 187,441 11.6%
Operating expenses:
General & Administrative 0 0 0 0 0.0%
Total operating expenses: 0 0 0 0 0.0%
Operating income before depreciation 136,235 122,443 167,973 187,441 11.6%
Depreciation 104.687 90.250 129.666 138.927 7.1%
Operating Income (Loss) 31,548 32,193 38,307 48,514 26.6%
Non-operating revenues (expenses)
I Interest income 9.364 8.951 0 5.000 100.0%
Interest expense (21.600) (19.145) (24.474) (19.801) 19.1%
Total non-operating revenues (expenses) (12,236) (10,194) (24,474) (14,801) 39.5%
Income (loss) before operating transfers 19,312 21,999 13,833 33,713 143.7%
Operating transfers (to) from other funds (9.865) 0 0 0 0.0%
Net income (loss) 9,447 21,999 13,833 33,713 143.7%
Amortization of CIA 1.622 0 0 3.243 100.0%
Increase (decrease) in Retained Earnings 11,069 21,999 13,833 36,956 167.2%
Retained earnings at beginning of year 75,693 86,762 86,762 100,595 15.9%
Record equity transfer from other fund as CIA 0 0 0 42.000 100.0%
Budgeted Retained earnings at end of year
Undesignated 86.762 108.761 100.595 179.551 78.5%
Total Retained Earnings 86,762 108,761 100,595 179.551 78.5%
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CITY OF SEWARD
MOTOR POOL INTERNAL SERVICE FUND
Budgeted Statement of Cash Flow
For Budget Year Ending June 30, 1999
FY99
FY98 Proposed FY98-99
Budget Budget % Chg
Cash is provided By (Used For):
Net Income/(Loss) 13,833 33,713 143.7%
Residual equity transfers 0 42,000 (a) 100.0%
Add Expense Items Not Affecting Cash
Depreciation 129,666 138,927 7.1%
Net Cash Provided By (Used For) Operations 143,499 214,640 49.6%
Other Uses of Cash
Debt Principal Payments (77.817) (82,490) 6.0%
Capital Outlay 0 (I47,OOO) (b) -100.0%
Net Increase (Decrease) in Cash 65,682 (14,850) -122.6%
(a) Represents: $22,000 from the Harbor enterprise fund, $20,000 from Water/Sewer enterprise fund
(b) $147,000 represents:
Police department vehicle - $24,000; Water/Sewer enterprise fund - $20,000
Harbor enterprise fund; Two vehicles - $22,000 and $25,000
Electric enterprise fund; Two vehicles - $28,000 and $28,000
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MOTOR POOL INTERNAL SERVICE FUND
Operating and Residual Equity Transfer Budget
For Budget Year Ending June 30, 1999
FY98
Budget
FY99
Budget
Operating Transfers from Other Funds
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Operating Transfers to Other Funds
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Residual Equity Transfers In (Out)
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42.000 (a)
Net Transfers-In (Out)
o
42,000
(a) Represents a transfer from the Harbor Enterprise Fund to purchase a vehicle - $22.000 and
a transfer from the Water/Sewer Enterprise Fund to purchase a vehicle - $20.000
Note: The purchase of four vehicles in FY99 will be paid from equity in the Motor Pool Fund;
(one Police vehicle. one Harbor vehicle and two Electric vehicles)
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