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Home My WebLink AboutRes1995-056 , . . Sponsored by: lones CITY OF SEWARD, ALASKA RESOLUTION NO. 95-056 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE CAPITAL BUDGET PLAN FOR THE THREE FISCAL YEARS BEGINNING JULY 1, 1995 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The city Capital Budget Plan for the three fiscal years beginning July 1, 1995, which is attached hereto and made a part hereof by reference, is HEREBY ADOPTED. Section 2. The Capital Acquisition 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. \blo) 10'-1.\ -C1),(cc.."-..o.."\'{fc {l'"-'- ~\~L"--- Section 3. The sum of $916.645' is hereby appropriclted from the General Fund Fund Balance Account No. 101-3070-0103 to the Capital Acquisition Fund Account No. 103-3070-0000. Section 4. This resolution shall take effect July 1, 1995. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, this 12th day of June, 1995. ~ OF SEWARD, ALASKA ~G,!VvU Dave W. Crane, Mayor AYES: NOES: ABSENT: ABSTAIN: Anderson, Crane, Darling, Deeter, King, O'Brien Sieminski None None ATTEST: ,'" "I~' (j '; '{';: a~ $ ::It'''-Il- ,,' ~ ...~.; 1)',- ~'.'" .~~,. ..0; t .. ;. , ....:.~ . ~~~/i::;:':"'" .~ . .. ,~ . r' ..,", , :...,,: ,....;- )~, \ . ::: .~ . ...."", ,-:...... ...7 .", ':}, .....0'.-11......1 \(:,1\,,'.- ,," -'.' '"J .....:~{rt~~:; I..~':~. (.:,.>~;' 'I, " q'n,." .'. (City Seal) CITY OF SEWARD CAPITAL ACQUISTION FUND Statement of Revenues, Expenses and Changes in Fund Balance For Budget Year Ending June 30, 1996 ctual udl!'et Bud2et Rev.Bud Revenues: Federal Grants State Grants Local Sources Interest 1720 Total Revenues 1.720 0 0 Expenditures: Contracted Services 0 Total Expenditurel 0 0 0 Excess (deficient;) of revenue over exnenditures 1.720 0 0 Other rmancinl!' sources (uses): Gneratinsr transfers from other funds 141806 269 006 166,647 -38.05% Oneratinsr transfers to other funds (144 693 (389732 (166,647 -57.24% Total other rmancin!! sources (uses) (2.887 (120.726 0 -100.00% E:r.r.ess (d..fir.ienc") of .ev"itues & other rmancin.. sources (uses) over expenditures (1.167 (120.726 0 -100.00% Fund Balance at be of vear 33 968 202756 82 030 Residual eouitv transfers from other funds 169955 Fund Balance at end of vear $202.756 $82 030 $82.030 1994 A 1995 Revised B 1996 Proposed % Chng Frm 95 , . . FY96 CAPITAL BUDGET General Fund Amended As of June 12, 1995 Source of Funds Available for Capital Budget Excess of revenues and other sources over expenditures and other uses less residual equity transfers $ 50,392 Motor Pool Fund: Lease/purchase proceeds for Fire Dept. pumper truck 225,000 Electric Fund: Transfer CEA Rebate to General Fund 146,237 Capital Acquisition Fund: 80% of FY94's excess of revenues and other sources over expenditures and other uses less residual equity transfers = $316,739. Amount to be transferred from General Fund Note: Reduction in General Fund undesignated fund balance: 116,255 Undesignated G/F fund balance Less Capital Acquisition Transfer Estimated FY96 Undesignated G/F fund balance $ 1,360,505 (116,255) $ 1.244.250 Total Funds Available for FY96 G/F Capital Budget $ 537,884 Less FY96 Proposed Capital BU(t~p,t Projects: Fire Hall Improvements $ Nash Road Repairs City Hall Roof Repairs Fire Dept. Pumper Truck City Hall Heating Improvements Community Center/Youth Renovations SGH--Roof Repairs SGH--Switch Gear 34,000 25,000 30,000 225,000 25,000 146,237 32,647 20,000 (537,884) $ --0-- Balance Other Capital Bud~et Infonnation: Estimated Annual (7 yrs.) Debt Service for $225,000 Fire Dept. Pumper Truck FY96 $ 33,723 Annually Thereafter $ 40,467 CITY OF SEWARD GENERAL FUND 3 YEAR.CAPITAL IMPROVEMENT PLAN Replace Estimated Cost BUDGET YEAR Expected Funding Deuartment Title - Descriution or New Life 1996 1997 1998 Source Police Police Headauarters Buildin" N 40 3 500 000 Grant Fire Fire Hall Renairs & Maintenance R 25 50 000 Internal Fire Rescue Truck R 20 128 000 GrantlInternal Fire Remodel Fire Station R 30 750000 GrantlInternal Fire Pwnner Truck R 20 225 000 GrantlInterna1 Fire Eauin. & Emer. Sunnlies Stora"e Bl R 25 120000 GrantlInterna1 Fire Emerl!encv Backun Generator R 20 45 000 GrantlInternal Fire Haz. Mat'l Vehicle & Eauint N 15 175000 Grant Fire Fire Station - Harbor Area R 30 2 500 000 GrantlInternal Fire Fire Boat N 20 300 000 GrantlInternal Street Street Pavinl! Phase 11 Townside R&N IS 205 000 Internal Street Nash Road Renairs R 15 25 000 Internal Street IDrv Storal!e Buildin" N 30 150000 Internal Street Roads utility enlrineerin" N IS 220 000 Internal Street Nash Road Renavin" R 15 200 000 Internal Street Loader R 15 135 000 GrantlInternal Moo. Bldl!. City Hall Renairs & Renovations R 20 50 000 Internal Moo. Bldl!. City Hall RoofRenairs R 10 30 000 Internal P&R ADA--Park Facilities-Phase 1 N&R 20 20 900 GrantlInternal P&R Used Maintenance Van N 10 20 000 Internal P&R Youth Center R 30 100 000 Internal P&R ADA--Park Facilities-Phase 11 N 20 48 000 GrantlInternal P&R Camnl!1'oood lmnrovement Proiect N 25 25 000 Internal Librarv Librarv Addition N 50 500 000 GrantlInternal ..~ , $1.248.900 $413.000 $7.860000 , . . CITY OF SEWARD HARBOR FUND 3 YEAR CAPITAL IMPROVEMENT PLAN T'I D Replace Est. N Uti Estimated Cost BUDGET YEAR 1996 1997 Expected Funding 1998 S It e- escnptJon or ew e ouree Expansion-Harbor Mooring Facility N 50 11 000 000 Grant/Internal Expand Electrical System to "J" Float N 20 100,000 Grant/Internal Float System-Upgrade & Repair R 25 749000 Grant/Internal B Street Dock N 30 10200000 Grant/Internal 3/4 ton 4X4 Pickup y 10 22 500 Internal Extend North DocklBreakwater N 30 7 500 000 GrantlInternal Extend Electrical System to "B" & "C" N 25 142,400 GrantlInternal Fill area north of North Dock N Ind 175,000 GrantlInternal Electrical Uograde & Repair-Floats R 25 329000 GrantlInternal Paving for N-Dock in SMIC N 20 155000 GrantlInternal ADA Comoliance N 30 465 000 GrantlInternal One Ton 4X4 Flatbed Truck R 10 25 000 Internal One Ton Utility Truck R 10 25 000 Internal 2nd Story on Harbormaster's Bldg N 20 150 000 GrantlInternal Bathroom Facility-North Harbor N 30 50 000 Internal Extend Seward Fish Dock N 20 250 000 GrantlInternal $22071 500 $8.791.400 $475.000 CITY OF SEWARD ELECTRIC FUND 3 YEAR CAPITAL IMPROVEMENT PLAN Replace Est. Estimated Cost BUDGET YEAR Expected Funding Title - Description or New Life 1996 1997 1998 Source Fence for nole/stora!!:e vard - Mile 3.5 N 30 25,000 Internal 12KV FeederlNash Road N 40 150 000 Internal 3MW Generator Bid!!: & Controls R 50 I 000 000 GrantlInternal Umrrade Downtown Svstem R 40 100 000 Internal Hil!h Mast Lil!hts--SBH N 50 100 000 Internal Batterv Bld!!:-Ft Ravrnond R 50 40 000 Internal Unl!l'ade-3.5 mi.to Ft. Ravrnond R 40 350000 GrantlInternal $1415.000 $350000 $0 , . . CITY OF SEWARD WATER & SEWER FUND 3 YEAR CAPITAL IMPROVEMENT PLAN T'I D Replace Est. N Lif; Estimated Cost BUDGET YEAR 1996 1997 Expected Funding 1998 S It e- escnntlon or ew e ource Fire Hvdrants R 30 100 000 GrantlInternal New Water Well in Forest Acres offHemlod N 30 135 900 GrantJInternal Water Main Tie-in Forest Acres N 30 ISO 000 GrantJInternal Renlace Water Line- to 4 Seasons R 30 100 000 GrantJInternal Renlace Water Line-Nana to Seward Fish R 30 100 000 GrantJInternal Renlace Fire Hvdrants-various R&N 30 500,000 GrantJInternal SMIC Sludl!e Compost Site Clean-up Disnos I 35 000 Internal New Sewer dump site for RV's N 30 75000 GrantJInternal Upllfade SMIC Lift Stations & Collection Lin R&N 30 300 000 GrantJInternal $795.900 $200 000 $500,000 Revised 06/07/95 Root Repa\f pa~ing to irnplO~e accessa\:llili\'/ Pf\Or\W 1 2 3 4 5 6 Cit) .,{ se-ward seward General llos\lital l"hree '( ear capital Ill\pro"ell\ent plan aUOGEl" REQUESl"S \ f"{ 98 oeSCf\pt\on f"{ 96 f"{ 97 32,647 20,000 20.616 20,000 20,000 30,000 30,000 25,000 30,000 A.mbu\ance E.ntfance paInt e1<\eliO{ 01 hospital buIldIng . . ErnergenC'l Generatol A.utomat\C sW\tcn geaf ,Of ~. O. A.. comp\\ance .; 9 <>()OllI ~en\ilat\On s~s\8rn upgrade opef3\\n I' Rep\acement ot ster\\\,z,ef Rerno~al 01 old bOilers and as\)ElS\os . d \' ungfade ot nosp\ta\ bu\\d\ng lJ\a~Of femo e f" 40,000 ~oo,ooo 7 9,000,000 8 9