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HomeMy WebLinkAboutRes2007-108Sponsored hy: Oates C'fFY OF SE~~ :1RD, :\LASK•1 RESOLUTION 2007-]U8 A I2ESULU'fIOV OF THE CITY COUNCIL OH"f HR CITY OF SE~V:II2D, ;1Lr1Sli_4, ADOPTING TIIE ELECTRIC EN'I'F'.ItPRTSE FUND BUDGET FOR C'.4L}!;NDAR YEAR 2008 W H P.KH:AS. on October 2, 2UU7, the City Manager submitted [u the City (:'ouncil a proposed budget for the City ol'Scward for Calendar Year 2UU8; attd 1~'HF.REAS, the budget was introduced at the regularly scheduled Council meeting on October 8, 2007, and work sessions are conducted and televised on October 29, October 3U, November I, and ~lovembcr _', 2007: and ~YHRRF.AS, public hearings are held on the proposed budget on October 22, 2007 and November 13. 2f107, with liual adoption scheduled lur Nuve:mber 2(i, 2007. VO~~' TIIEREFORN:, BF. IT RESOLVED tiY THE CITY COUNCIL. OF THE CiTI' OC' 5EWAR1). AI.AtiK.4, that: Section 1. 11te hlectric Tinterprise Fund budget for Calendar Ycar 2008 which is attached hereto and made a pat? hereof by reference atxi which contains estimated revenues and expenses for the period Jauuaty 1 - f)ecember 31, 2UU8, is HF.REB1' ADOPTEL), and dte necessap limds are hereby appruptiated. Srcliuu 2. This resolution shall take effect January ].2UU8. PAStiM:D AND :1PPROVED by the City Council ul'thu City• of Seward, Alaska, this 26°i day ul November, 2UU7. THE CITY OF SEW:~RD, ALAtiKA Clark Corbridgr, `Iayor --~- C7T~ OF SF.~~ ARl), aLASIiA ItESOLliT[On 2(1117-108 AYES: llutil~am, Valdatta, Bardaz~un. Amherg, Smith, Kellaz, Corhridee NOLS: Nunc ABSENT: None A}3S'IA~;; None AT` 1' M;S'T Jean Lewis, Ci\1C Oily Clerk ,.n~e~a. ~' ;' ~~ V ~ ~~ .~~ 1 • ~ t ~ 7~ ~ ti ~JP+nr.:~cti'' ELGCTI:IC L-NfF:W'ftlSh: FUND Budyoicd Stalancnr o{ R.evenuzs and Expznses And ChanKes in ft.zrained EarninYs fnr fiscal 1"ear 2003 J,005 2006 2W7 1W8 2007-08 elawil Acnr,J RuJgrr Budgec Varunee %Change Opaaring rnenue: Sales' Restdenua! 2,Si 5,,948 2,.i I.1.90ri .'.,59.1,832 3,723,513 1Z9,69I 5.09:, tintJl (irnzwl 5., ::cr 1,316,033 1,346x{59 1.3~14,f01 LS 70,500 ,'2,ZUi 3.090 LarAc Gcuerd Scr.¢c 2Q4b.021 3.059.213 3..31-},y`)I 3,511.321 i6'21Q i.0`1~ Harbor rower Ss!<s 61,017 IAO,B 14 Li9.iNN) 190,800 31.800 20.0^5 Indual; ial ti:Jr: 581,189 1,89,90? 6(. x,416 650.000 -11.410 -1.7°.u Scr.•cc 3t YuJ Li)±hcs ?2.012 ?? "' "1.000 7.11X10 0 t?.U"•6 Mlsccllanecus 123.108 115,553 35,SW 149.501) 64,11(X) 71.9'1;, 'foal operaring rrvmue: 57,1A 1,178 57,979,436 58,362,460 SA,R 15,910 5153; A o Upcraung eayensc: W (oro drptrnarion: Salancs 6111,8?I 7",115 881,706 831,599 i?,IO? $-3^b ll'ork order charges is:lanesl -153,43,' 170 X29 100.000 100,000 0 OOSo I:mplnyre bem~fita 322.691 459599 1:0,0?b 4.53.377 33.3111 R,I`6 Purchana szrei~cs .111,4'0 1116,396 516.4$3 176,1 S] 111,351 -:19% Power i'or resale 3,115,8 k'1 1,'154fJ .i?51..icN) 4,158,141 403551 li).7°6 5upphesdnummnance 321.029 916,113 100,050 619,453 ?19,it73 11.8'"~ R'.,rk ....ir;.La; yra ~cupphea} -fZ'),330 -ZI7.3U -11.1.000 -350.000 ._'5.000 Id0.0^o Gcncnl R:\Ju:mrsaauvc ri90,163 94.5,.125 913,322 '>35.'75 7I'1~3 '9°;, ~1'owl opmung eapensr. 7,A55,990 6,661,732 57,102,480 440,748 6.6 opa~mgio:omc 6docc drp,.oavm 1,841;)88 123,416 1,700.72$ 1,713AG0 0.7",6 Utpttculon I,3S^.-2RR p) 1.303,680 (s) 1.301.100 (_,_) [510.375 (S1 ? 9^0 Earnings from opmuom ~~ ST,IA0,134 S39A 568 5373A3S -6A°o Non-opaaring revrnrrc (c,<pcrw) Inreresrmmme 158,31,5 267,1H1 111000 110.0tA1 d9?"i, hucn•,1 rvl,rnar -138.005 901N,9 .W): )38 -333.301 3'l.ti"o U[hcr rc.~cnucic+pclur' 3,0')3 L22Q125 3.0,'1 i.l :'6 -13.3"0 T„ul ooo-opmtug mmuu (upmsn) 523.298 _ - - S 1,397,097 533,137 -5169,128 -543.590- Camuga bcFom mnrnAunnnund nenaters 1602998 S2 [6,563 513fi,7115 5203.`)57 -53.3% Capital nmrrihunons 23' 3.iR 313,536 120.583 122,000 i).0"~~ Tnrulcrs [u olhr, im,ds -1.103.029 I?SS,.t(9 A'_?.735 -735 n55 20.2"^ Change m ner asscn -57_58,393 -5714.91A -5365,442 S1O9,99ri 122% Beginning ncc assns 524247.466 523.989,073 523,264,153 511,898,71 I LGYo Ending nee assess 523;)87.073 523.264.153 52).,898,71 I 522,488,%13 -1.8% Uf total dcprwaion czpcnsc, tim 1.11„ w;ng .unromra wrrc atmbucab le [o caprol assets IvnJcJ with capu:d :onrnburinns: I, a; S 77..061 cr 6I Cb: ;L,! 5?9R.R I? o r 6I"'b, i; c 1 $309!tjS m 02°0 : ! d} 8l 1. 13 ur b l "^n CI'1'1' OF SEW~IRD F;LI;CTRIC I/NTERPRL~I~ FUND Budgeted Stal rrnrnt of Cash Flow For Fiscal Ycal' 200th 2007 2008 2007-08 Budget 8udgec °/u Chattge Begtmtuag Cash Balance at 1/1/07 (e): 52,394,475 Cash is provided bt, (useJ Iv[.i: (:hange in nee assets 536. k-12 -5=109,993 [L.29o Add ezprnse gems nor affeamg cash Depreciation 1,302,Ih0 1,3411,375 -2 ~)"'o Net cash provided by olteratiurss 5936,7125 5930,377 0.7°!, Orhrr uses of cub Dcht prurcipal paymurts -195.UW !a) -363.43} (,c) -86.4°„ Capital outlay -770.0(10 ib; -491,00(1 i;d: 83.3°~~ Nec increau (decrease) in cash S4 7I J l8 Si / l y43 84. "'o Estimated ending cash balance 52,866,193 52,938,136 (a; $19S.Ut)U rcprrxnu: 200$ mlmidurR cl 1995 honi (hj S27QU(1(1 rep[etrnrr Ggmpmrnr - S~i,(100, Work order saluics & materuls - $22$,000. Nu 11cpm:iation rrservr omvihuurn i~r; $363,+3i represents: 1995 6wiJ rrlunJcJ in 3005 $3Ui,IXKt; Nrw rlrrrnr ahnp & gennuors - S1S8,434. dl $99$,000 rrprrsrnts: Work nrdrr talanet & marrnals -SiSU,tk)(1: Equipment - $-15.000: Nu llrpmuauun ce>r[oe <enu [hu~ir:n i.e) Inrlu,irt only F.lecync Enterprise Fund: cxduJrs nLtrJ cnpi[;J prulrus, tier below. Crash Balance -Electnc Eund & Relayed Capir:~l Pmjeas (9/ 30/07): Fund :101 - Elcctnc i:utrrpusr Lund 2,:i-iS,1198 Fund .502 -Major 1`4aintcnanec. Rcpau & RepLtcrmatc 1,45t), 198 Ucsignatcd Fitt items on caprul hx ° Fund 208 - Trantmissiun Lutc 71.1,3.19 [)etignaccd fix capital ptujca Total F,lrcrric-relayed Cash: 54.708,645 • 2l>nd Cap[tal Budget Request Items: Fun RaruwuJ Sr~b.[anun I burr UpRradr hekv Tnnrnution Linc L•xcavsror ShllC Itiiop h[srnhunon Svuem C11J Mill Lnnp h)irtnhurton Syttem Upprr CantrLx I cop ~htrnhm ion StSyent Vcw rkar[c shop, uxludmR 2 gnrnnxs and building Switehgrar hopruvemrtvt Tratulunurr Mainre[unrr . Repair & Pauli Uiw 4N5 It.,diarors ar Fort Raymond