HomeMy WebLinkAboutRes2000-138
I
I
I
Sponsored by: Janke
CITY OF SEWARD, ALASKA
RESOLUTION 2000-138
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE MOTOR POOL INTERNAL SERVICE FUND
BUDGET FOR CALENDAR YEAR 2001
WHEREAS, effective January 1,2000 the City's fiscal year changed from a July
I - June 30 fiscal year to a January 1 - December 31 fiscal year; and
WHEREAS, on October 9,2000, the City Manager submitted to the City Council a
proposed budget for the City of Seward for Calendar Year 2001; and
WHEREAS, the City Council met in work sessions to review the proposed budget on
October 17,18,19, and 20, 2000; and
WHEREAS, public hearings were held on the proposed budget on November 6, 2000
and November 20,2000;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Motor Pool Internal Service Fund budget for Calendar Year 2001 which is
attached hereto and made a part hereof by reference and which contains estimated revenues and
expenses for the period January 1 - December 31,2001, is HEREBY ADOPTED.
Section 2. This resolution shall take effect January 1,2001.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 20th
day of November, 2000.
THE CITY OF SEWARD, ALASKA
r:~, /JL-t ~ '
Edgar Blatchford, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2000-138
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Brossow, Orr, Shafer
None
Calhoon, Clark, King
None
ATTEST:
(C't s:..d",....""
1 ~'~Of SE~""~
~.,.....c~ ......... rAlA. ii,
.:* ,~'.....~O~~.!.;"Y() ~
.: .....g;O ''''lr.~'' ~
..... ..-
-l -eo- \-
= : ~ =
: .: SEAL :. =
= \ I =
.. \..... l~
~.. ~. ~
~ .t\."~ ...........~ ~
;jO~; -:f;:.;:.'-.tlo':'~~ ~...4>
ill ~ 4'. OF ~v"""
~"""""'~
MOTORPOOL~RNALSER~CEAJiND
Budgeted Statement of Revenues, Expenses
and Changes in Retained Earnings
I For Fiscal Year 200!
FY98 FY99 Six-Month FYOO FYOl FYOO-Ol
Actual Actual Actual Budget Budget %Chg
Operating revenues:
V.hide Rentals 162,011 169,440 97.559 201,180 219.920 9.3%
Total operating revenues: 5162,011 5169,440 597,559 5201,180 5219,920 9.3%
Operating expenses:
General & Administrative 0 0 0 0 0 0.0%
Total operating expenses: 0 0 0 0 0 0.0%
Operating income before depreciation 162,011 169,440 97,559 201,180 219,920 9.3%
Depreciation 113,186 120,108 68,943 131.228 137,082 4.5%
Operating Income (Loss) $48,825 $49,332 528,616 569,952 582,838 18.4%
Non-operating revenues (expenses)
Interest income 15,307 16,665 8,138 12,400 12,000 -3.2%
Interest expense (24,305) (19,801) (8.130) (12,739) (7,746) -39.2%
Total non-operating revenues (expenses) (58,998) (53,136) 58 (5339) $4,254 -1354.9%
I Income (loss) before operating transfers 539,827 $46,196 528,624 569,613 $87,092 25.1%
Operating tr.lJ1Sfers (to) /Tom other funds 0 0 0 0 0 0.0%
Net income (loss) $39,827 $46,196 528,624 $69,613 $87,092 25.1%
Amortization of CIA 3.243 19,459 4,864 16,873 9,729 -42.3%
Increase (decrease) in Retained Earnings $43,070 $65,655 533,488 586,486 596,821 11.9%
Retained earnings at beginning of year 586,762 5129,832 5195,487 228,975 315,461 37.8%
Budgeted Retained earnings at end of year
Undesignated 129,832 195,487 228,975 315.461 412.282 30.7%
Total Retained Earnings 5129,832 5195.487 5228,975 5315.461 $412.282 30.7%
I
CITY OF SEWARD
MOTORPOOL~RNALSER~CERJND
Budgeted Statement of Cash Flow
For Fiscal Year 200 I
FYOO FYOl FYOO-Ol
Budget Budget %Chg
Cash is provided By (Used For):
Net IncomeJ(Loss) 569,613 587,092 25.1%
Residual equity transfers 0 0 0.0%
Add Expense Items Not Affecting Cash
Depreciation 131.228 137.082 4.5%
Net Cash Provided By (Used For) Operations 5200,841 5224,174 11.6%
Other Uses of Cash
Debt Principal Payments (89.551)(a) (75.852) (c) -15.3%
Capital Outlay (4.8IO)(b) (60.000)(d) 1147.4%
Net Increase (Decrease) in Cash $106,480 588,322 -17.1%
(a) $89.551 represents: Rescue & Pumper cruck - $44.006; Motor Grader - $23.966; Sand Truck - $21.579
(b) $4.810 represents: Sand box for sanding truck
(c) $75.852 represents: Rescue & Pumper truck - $46.571; Motor Grader - $25.568; Sand Truck - $3.7I3
(d) $60.000 represents: Purchase of two police vehides to be funded from Motor Pool. one of which was approved in FY99 budget.