HomeMy WebLinkAboutRes2007-105Sponsured b)': Gatrs
CITY' OF SE~V.\I2U, ALASKA
RMaOLUT10N ?007-1U,
:\ ItFSOLtI'Plc>l\ OF THE CITY' Cl)UVCIL UN' THE CITY' (7F SEWAkD,
:lLAtil::l, :\DOIrTI1•G 'I'HF PARI+1\C; EItiTt;KPI2ISE t't~'YD BtU(_:F.T
FUI2 CALEVI)AI(YEAIt 2008
WIIERN:AS, on October ?, 2007, the City Ivlarragcr suhmitted to the City Council a
proposed budget for the Cih/ of Seward for Calendar fear 2UOtt; and
~~'HEREAS, the hudgel was introduced at the regularly scheduled Council meeting vn
October S, 201J1, and wrrrk sessions are conducted and televised ou October 29, (_ictoher 30,
t\ovembcr 1, and November 2, 2UU?; and
W'HF:REAS, public hearings are held on the proposed hud~el un October 22, 2007 acrd
Vovernbca 13, 2U07, with final adoption scheduled for November 26, 2007.
\OYV THM:REFORE, KI; IT RkSOLYED BY THE Cl'hY' COUNCII. OF THE
CITY QF SE~~'AItD, AL;\SIL4, that:
tieetion 1, l'he P;trking hnterprise Fund budget l'or Calendar Year 2008 which is attached
hereto and made a part hereof by reference and which contains estimated revenues and expenses
[or rile period Jxrrltary ! - Dc~:etnher 32, 2iJ!)R, is IIEI2EB}' :\DOFTEI), snd the rru:essary funds
are hereby appropriated.
Section 2. T1ris resotutiorr shalt take ett~~et Januan~ 1, 20(3ti.
PASSED ;\Nl) .APPROVED by the City Council of the City of Seward, .~laska, this 25th
day ofliovember, Zi.)0%.
TIIE Cl'1'1' C)F SEV1`AF(D, :lL:1SKA
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('Inrk Curbridge, Mayur
C~17Y U}~ SEWARA, ALASK:1
HF'SOLI:'ilON 2flu7-105
AYES: Uutil~am, Y`aldalta, FSa[darson, ~nberg, Su+ith, Kellar, Cnrhrid~e
HUES: None
AEiSE1\'T: Nona
~K57A7\": None
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1'I~ItkTNG REVENUE EN'1'ERPRISI; F}_?NT7
l3udgctcd Statement of Revenue and Expenses
and (changes in Ketaiued Earnings
For Fiscal ~'r.Tr 2(1018
2W5 ZUU6 2007 2W8 2007-08
Actual Acnul F.udget lluJget Variance °./~ Change
OperadnR revenue - pukiug Cees $I77,U98 $175,797, $179,320 $262,820 S83,iU0 46.6°io
Operating expcuce:
Salinas r3l Benefits
I.4nhued.Srrvicr< SY,13i
I6.ti69 88,066
I(i,4I7 99,767
f8,f?S 101.1529
19,515 $2„063
SL4lkl 2.1'Yo
?.?°ii
Supplies and ~lamrenanre 9,578 8,472 I1,3'S (4,.3?5 S3,U5U 3?.I%.
Grnrral and Admwuttaus'e 7.366 13,366 l 1,1.16 I4,.i82 •$154 l.U'o
Totalnperatingcxpcrue: SI20,747 $12f,32i $143,953 $150,311 $6,358 4.-P%
Operating mcome before deprcciatiuu 56,35I 54,471 35,367 I I2,SOy 218.1%
I~eprcaatiuu 6,117,4 .1,210 7,307 U 1(N).0°6
Operating income (uuss) $50.327 $49,261 $28.160 $ f 12,509 2yy.S%,
Nnn-npecatiug revenues (expense)
Ltrerrer (neomc 6,I43 L'S67 0 6,000 (.0"0
lotalaon-operatingrererr<re;expen.<e~ SG,1•I8 $12,567 .~U 56,(XXl f.0°/„
Transfrrs [n oche[ liutds ~T4.ici3 -S1 I,U63 $1.3.1120 -$13,025 U.U`1o
C;Lauge m net acuu $42,307 $47,765 $15.I34 5105,484 597.0%,
ISegiruung net assets $253.155 $295,462 $343,J.27 $358,361 4.4'%
l:ndutg net assecc $295,462 $343,227 5358.361 $463,845 29.4°0
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CITY OF SF.WARI~
PARKING k~VENUF. E?~l`['ERI'IZ1Sls Fl_I:~iT~
13udgi•ted Statement c~I• C:ash l~lo~~
For Fiscal Year ?O11~
Beginning Cash Balance ac 1/1/07:
Cash i5 Frovid~`d by iusc~ lot:i:
Change in net assets
Add e~pensc ucuu not affecting cash
De~reuuinn
Net rash provided by uper:dions
Uthcr uses of ca.ah
-1 ~Ir:11 (1LIl1AV i fly,'
Vet increase (drerease) in cash
Estimated ending cash balance
2007 21108 2007-08
Budget Budget "/, Change
$27R,G95
515,13) $105,4134 597.0"/~
7.L~' 0 - 100.0"/"
$22,341 $108,484 372.2"/u
$22,341 -$124,516 -657.3°/"
$301,036 5176,520
(a) PxrktnE Lor SeaLng/;u~h~ng/reconfigure SSOK (:enccr Lur, $i3iK \. Lot; 59iK South