HomeMy WebLinkAboutRes2011-086 Sponsored by: Administration
CITY OF SEWARD, ALASKA
RESOLUTION 2011 -086
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE WASTEWATER ENTERPRISE FUND
BIENNIAL BUDGET FOR CALENDAR YEARS 2012 AND 2013
WHEREAS, the Seward City Council met on August 23, 2011 and September 12, 2011
to authorize budget policies and provide budget guidance to the administration, and conducted
extensive work sessions for the purpose of discussing enterprise fund capital infrastructure needs
and rate reviews; and
WHEREAS, on September 12, 2011, the city manager submitted to the City Council a
proposed biennial budget for the City of Seward for Calendar Years 2012 and 2013; and
WHEREAS, the biennial budget was introduced at the regularly scheduled Council
meeting on September 12, 2011, and work sessions were conducted and televised; and
WHEREAS, a public hearing was held on the proposed budget on November 14, 2011
with final adoption scheduled for December 12, 2011.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Wastewater Enterprise Fund biennial budget for Calendar Years 2012 and
2013 which is attached hereto and made a part hereof by reference and which contains estimated
revenues and expenses for the period January 1, 2012 - December 31, 2013, is HEREBY
ADOPTED, and the necessary funds are hereby appropriated.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 12
day of December, 2011.
THE CITY OF SEWARD, ALASKA
David Seawar , May
CITY OF SEWARD, ALASKA
RESOLUTION 2011 -086 r.r
AYES: Valdatta, Bardarson, Keil, Shafer, Casagranda, Terry, Seaward
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
/
J 6 hanna Kinney, CMC
ity Clerk
(City Seal)
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WASTEWATER ENTERPRISE FUND
Budgeted Statement of Revenues and Expenses
and Change in Net Assets
For Fiscal Year 20I2 and 20I3
20I0 20II 20I2 20I3
Actual * Budget Budget Budget
Operating revenues:
Residential 465,I08 484,637 5I0,648 54I,286
Small General Service I36,74I 116,753 119,706 I26,889
Large General Service 193,9I4 I98,260 204,045 2I6,288
SMIC Sales
50,211 44,058 35,436 37,539
Miscellaneous 5,442 2,000 750 750
Total operating revenues: $85I,4I6 $845,708 $870,585 $922,752
Operating expenses before depreciation:
Salaries & Benefits 270,366 264,729 245,188 246,904
Purchased services 295,790 227,400 236,945 233,300
Supplies & Maintenance 81,689 I12,450 42,115 62,230
General & Administrative 152,700 I73,045 156,470 I60,295
Total Operating Expenses: $800,545 $777,624 $680,7I8 $702,729
Operating income before depreciation 50,87I 68,084 I89,867 220,023
Depreciation 276,608 (c) 272,794 (d; 287,634 256,695
Operating Income (Loss) - $225,737 - $204,7I0 - $97,767 - $36,672
irr
Non - operating revenues (expenses)
Interest income 6,02I 26,200 2,100 2,100
Interest expense -3,468 -2,727 -1,837 -935
Other non - operating revenue 8,7I2 0 0 0
Total non - operating revenues (expenses) $11,265 $23,473 $263 $I,I65
Income (loss) before operating transfers - $2I4,472 - $I8I,237 - $97,504 - $35,507
Capital contributions and special item 0 0 0 0
Net transfers In (Out) - 73,613 - 67,970 - 75,127 - 79,300
Change in net assets - $288,085 - $249,207 - $I72,63I - $II4,807
Beginning net assets $5,892,27I $5,604,I86 $5,354,979 $5,I82,348
Ending net assets $5,604,I86 * $5,354,979 $5,I82,348 $5,067,54I
* Ties to annual Comprehensive Annual Financial Report
Of total depreciation expense, the following amounts were attributable to capital assets funded with capital contributions:
I (a) $2I5,657 or 78 %; (b) $2I5,657 or 79 %; (c) $209,819 or 73 %; (d) $2I5,657 or 84%
L am
CITY OF SEWARD
WASTEWATER ENTERPRISE FUND
Budgeted Statement of Cash Flow
For Fiscal Year 20I2 and 2013
20II 20I2 20I3
Budget Budget Budget
Beginning cash balance at I /I /II:'° $396,006
Cash is provided by (used for):
Change in net assets - $249,207 -$172,631 -$114,807
Add expense items not affecting cash
Depreciation 272,794 287,634 256,695
Net cash provided by (used for) operations $23,587 $115,003 $141,888
Other uses of cash
Debt principal payments - 59,274 - 60,I40 (a) - 61,022 (b)
Capital outlay - 24,000 -4,000 (c) -4,000 (c)
Net increase (decrease) in cash - $59,687 $50,863 $76,866
Estimated ending cash balance $336,319 $387,I82 $464,048 j
( °) Ties to CAFR and includes only Wastewater Enterprise Fund; excludes related capital projects. See below.
(a) Dairy Hill sewer loan principal - $1,333; Lowell Point sewer lagoon loan principal - $58,807
(b) Dairy Hill sewer loan principal - $1,333; Lowell Point sewer lagoon loan principal - $59,689
(c) Motor Pool contribution; No Depreciation reserve contribution.