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CITY' OF SF.W'ARD, Ai.ASK~
RESOLUTION 2007-104
A RESOLI:'I'ION OF THE CITY' COUNCIL OF THE CITY' OF SE\\'~1RD,
ALASKA, AllOP'1'IN(. T'HE SA1.1LL BOAT HARBOR ENTERPRISE
F'ti~l) FtUD<;h'.I' N'OR CALEVl)AR YEAR 2UU8
\VHGREAS, on October 2, 200?, the City vianager submitted to the City Council a
proposed budget for the City of Seward for Calendar Year 2005; and
\\7IEREAS, the budget ~~as introduced at the regularly scheduled Council meeting on
October S, 3007, and work sessions are conducted and televised on October 29, October 30,
November 1, and November ?. 3007; and
\VIIEREAS, public hearings are held on the proposed budget on October 33, 3007 and
November 13, 200?, with final adoption scheduled for November 26, 2007.
VOW' 'fHERF:F'URF:, Kt: 1'I' RN;SI)L\'F.D BY "fHF. CITY C.'OGNC'II. OF THE
CI"I'Y' OI'' SE\YARl), ALASKA, that.
Sectiuu I. T'hc Harbor Enusprisu Fund budget for Calendar Year 200K which is attached
hereto and wade a part hereof by rclercnce and which contains estimated revenues and expenses
Liu ihc. pi~riod Jauuary 1 - Ueeenilier 31, 20118, is HF.RF:RY r11)OPTF.D, and the necessary funds
are hereby appmpria[ed.
Section ?. This resolution shall lake effect January 1. 2005.
PASSED AND APPROVED by the City Council of thu City ol'Seward, Alaska, this 26`s
day of November, 300?.
THE CITY OF SE\\':~RD, _1LASIiA
C-~~;%_ ~-~~
Clark Curbridgr, ~Ixyur
CITY OP' SL~VARD, ALASIi.A
RESOLtiTION ?007-103
AYES: Dunham, 4'aldatta, Bardarson, Ambere, Sntith, Kcllar, Corbridge
NOES: None
ABSkN'I': None
ABti1'A1N: Nurse
ATTH'.S' l
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Sian Lewis, 41C
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s.~lnLl. -3onr --lAx-~olz rtvTr:rz>rx-sr rt~~tr~
ftudKered SraLenluu of Revenues and F..epenses
and CLanges in xetained Earnings
!-'or Fiscal Ycar?0(13
2005 2(x16 200% 2008 2(N)7-OK
O A. mal _ Acn,al Dudpa DrrJgcr Vatvnm Yo Changt
pmring rcvawr
Moorage 1,01 i.3K5 1,192.8(3 1,31 1,+110
1,3ft1,4(N) ~
9,,000
F4.04~d
\\qurfagc .53,'67 37.716 7.Q000 ZI,INNI 1,000 5.0"b
Boar Gft Feu .5;,720 J5,5+I 85,000 89.250 +,250 S.i)^,
Power Sala 179,470 201,170 215.000 23U,INx1 IS,UVU 7.0'!0
Passcngrr frnnir Fa' 271.09'1 625,5.36 6+7.379 :0807.5
61.x+6
9.S"b
Iirmn:nul Lrut~s 231,66.3 2K7.71d1 289,902 293,796 7.391 33')0
M.,xi~l,.1u515nK.nua,r•-~r~,~7 11b.87J 7K,529 9L500 241,(50 Ii9,65U IG.iG`!o
Toulopcratingrevenue 5[.943.424 52,499,065 52,557,151 52,893.52I S 336,340 11.2%
Operating espensr hrfure depreciation:
5alanrc ti 8rnrlirs 621,987. 678523 K31,1114 8.35.707 ~i,i,93 O.b9o
pu..ha~rJ Services 355,521 2b9,077 28(1,2(x1 276.7,10 1,150 -L2°v
Puwcr fur Rcsalr 85,915 [+9.+`)3 1(x),1100 150.000 50,(kW 50.0°,0
Strpplits and Mainanancc 85?61 11x1,+Ul I I+,7(1(1 I Ib,70U 2,1x10 L7°b
GasralandAJnuntstnnv< I59jlti P)L+,'~ 270,256 23L118 39,133 -19.5°o
Totaloperutngexpcnsc SI,3I0,208 51,388,771 51,596,170 SL010275 S 14,[05 0.9%
Operating income hrlnrr dq,nziation 633,2I6 1,1111,094 961,01 I 1,283,246 33.5%
Dry.rcawun 976
K.i3 ~,, 973 y71 (bl 817 r
1
(x11 I?
53 ~i99 ~
d 2
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; .5
Operatmgloss -5343.6I7 5136,123 540,568 529,247 (7L6Yo
Nnn-nprrariug revnnre (expcnscj
Inrrrra 6'. oJw~nnmmc $x.805 2.53,717 12.000 3d.(A70 18.850
Imcnsta~~her cxpcncc -IS+.329 37,2,(36 --412,22_' -331.3:'6 _G,jgO
Tonal non-operating «vrnue (expense) !)5,524 68,449 -380,222 -347.3"/6 -8.6%
Income (loss) before vanafrrs 5439,141 Sti7.G74 -5421,1W0 -5118,129 -24,$%
Transicrs in 11 0 ll U 0.0"''0
Capital contnbutiom 2,K69,1157 615,018 0 U YDIV/0.'
Tans&rsout 271 B77 -288~Ib 237,311 -332,929 15.7°,'0
Change in net asset. 52.[57.939 5393,77ti -5%OK,9(12 5651,058 8.2%
Begsnntng net assets 10,354,485 I2,SI2,424 I2.90G.200 (2,19%,29K -5.5%
Ending net a-asecc 512.SI2.42•} 512.906100 197 )9K 51 1.544,7,40 -5.3^%
Of total drprenannn rxpen<r, ihr following ;uuu uuu were aunburablc to apical assces funded wuh raprr:>! rnnnrhunous:
!aj S If1,931 or 52.3" ^F, (h' SS h1,931 trc 52 59b: c;'. 5514x32 or 5L 0°~o: ; d''. 5610,')+2 or s I P~6
i3
(,I I ~" C)F SEVVARD
SIvL•iLL BOAT FiAIZBOR ENTERPRISE FUND
Budgeted Sratrmcut of Cash Flow
For Fiscal Ycar 2008
Begitutvrg (:ash Balance at 1/I/07°:
Cash is provided by ~usrd Fnr:
Change in net asset,
Add expense irenu not a(leclutg cash
I )epreciarion
Nct cash provided by opaations
Other sources (uses) of cash
r)cbI pnnc~pal patmunts
Capual ~aulay.
2007 2008 2007-U8
Budget Budget % Change
$69G,GI 1
-i08,9(L? 651,058 8Z°ii,
[,OOI,879 I,.'.53,999 2~.2"/n
$292,977 $G02,941 I05.8%
_327,107 ;a i 343,048 (, J -6.5%
-36,043;6:' SI,O#3 rd; (1.[W/n
Net inaease (decrease) ut cash -$65,I73 $208,850
Estimated ending cash balance: $631,438 840
` Tm-Ltdcs only 1 Utbor Eutaprae Fund: cxdudcs related capital projrcra
~a) 51 IS,WO _ 2000 Bond; $.i.i,(xx) = z(x); Flnar Extension BuuJ; $135.(x)0 - 2000 South Harbor Bnnd
and X17,10';' c, 1 nr•clili loan rcunburscmcnt to momr pool fiord.
(h) tvtnrnr Pool :nnrrdnmons. No VIRRf cuutributiun the year.
~c) $I2S,000 - 2(x)0 Bnnd; $Si,000 = ?.00i Roar Gxcerowu Buud: a14S.000 - 2006 South Harbor Bond
and 513.0 }3 u l ravcliti loan reunbursement to motor pool hmd.
{d) t,4nroi Pool conurLut,um- Nu ~(IZRI' contribution this vear.
Cuh Balan¢ -I lurbor Fuud & Rdarnl C apiul Projects ;Balance ~~ Y/3U/U%):
Rv,d il)I Snell ILJaI F6rbur Fnt:rpnu Fund $~ I I,662
Fund 274 - Snell Buat Harbor Expmsion I,206,OI-{ Bc,ud Fund+: F.annarkal
fiord 27b - Harbor DndFmg 4I,'07 I]uuu krJ G rt topical Projcu
Fund 315 - Harbor Repair and Rrnovanon 2',3,54 Ganicnl:rd G rc capitol prop-a
Ford 41i. - ~talor t<lanucmn.c and krpau 0 n!a
Fund 306 - t'arun~tt Pc: Bond 333,4'_3 f.n n,::rkra Ir v Lund papmnts
Taal Flar6or-niu.d Cssh: 'y2,320, I (ill