HomeMy WebLinkAboutRes2013-086 Sponsored by: Hunt
CITY OF SEWARD, ALASKA
RESOLUTION 2013-086
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEWARD, ALASKA, ADOPTING THE WASTEWATER ENTERPRISE
FUND BIENNIAL BUDGET FOR CALENDAR YEARS 2014 AND 2015
WHEREAS, the City Manager has submitted to the City Council a proposed biennial
budget for the City of Seward for Calendar Years 2014 and 2015; and
WHEREAS, the biennial budget was reviewed by the City Council in budget work
sessions on September 16, 19, and 24, 2013, which were televised to the public; and
WHEREAS, a public hearing is scheduled on the proposed budget for October 28, 2013
with an additional public hearing and final adoption scheduled for November 12, 2013.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Wastewater Enterprise Fund budget for Calendar Years 2014 and 2015
kr= which is attached hereto and made a part hereof by reference and which contains estimated
revenues and expenses for the period January 1. 2014 - December 31, 2015, 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
12111 day of November, 2013.
THE CITY OF SEWARD, ALASKA
IICk/AZY4400`-1
an Bardarson, Mayor
AYES: Keil, Shafer, Casagranda, Terry, Squires, Bardarson
NOES: None
ABSENT: None
ABSTAIN: None
VACANT: One
CITY OF SEWARD, ALASKA
RESOLUTION 2013-086
ATTEST: ..ri
10 anna Kinney, I C
Cit, Clerk
(City Seal) ,
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CITY OF SEWARD
WASTEWATER ENTERPRISE FUND
Budgeted Statement of Cash Flow
For Fiscal Year 20I4 and 20I5
20I3 20I4 20I5
Budget Budget Budget
Beginning cash balance at I/I/13:* $605,982
Cash is provided by(used for):
Change in net position (182,417) (111,496) (73,270)
Add expense items not affecting cash
Depreciation 256,695 222,903 209,861
Net cash provided by(used for)operations $74,278 $111,407 $136,59I
Other uses of cash
Debt principal payments (61,022) (1,333) (a) (17,298) (b)
Capital outlay (4,000) (I32,367) (c) (41,096) (d)
Net increase(decrease)in cash $9,256 (22,293) $78,197
Estimated ending cash balance $615,238 $592,945 $671,I42
(°) 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-$0;General Fund Loan-$0.
(b)Dairy Hill sewer loan principal-$0;GF Lowell Pt.Lagoon Loan-$0;new Maple Street Extension proposed-$17,298.
(c)Motor Pool contribution-$4,500;MRRF$57,867 contribution;equipment$70,000.
(d)Motor Pool contribution-$4,500; MRRF$36,596 contribution.
fir.
WASTEWATER ENTERPRISE FUND
Budgeted Statement of Revenues and Expenses
ilium' and Change in Net Position
For Fiscal Year 20I4 and 20I5
20I2 20I3 20I4 20I5
Actual* Budget Budget Budget
Operating revenues:
Residential 5I5,836 541,286 560,820 589,983
Small General Service 156,450 126,889 171,191 180,093
Large General Service 222,200 216,288 257,112 270,482
SMIC Sales 29,120 37,539 33,746 35,501
Miscellaneous 5,908 22,467 1,000 1,052
Total operating revenues: $929,5I4 $944,469 $I,023,869 $1,077,I I I
Operating expenses before depreciation:
Salaries&Benefits 277,664 270,73I 274,359 290,199
Purchased services 235,974 293,300 321,200 322,000
Supplies&Maintenance 48,936 62,230 59,450 60,100
General&Administrative 158,528 I 65,795 I72,250 172,778
Total Operating Expenses: $72I,IO2 $792,056 $827,259 $845,077
Operating income before depreciation 208,4I2 I52,413 I96,6I0 232,034
Depreciation 291,I73 (a) 256,695(b) 222,903 (c) 209,861 (d)
iiiiro Operating Income(Loss) ($82,76I) ($I04,282) ($26,293) $22,173
Non-operating revenues(expenses)
Interest income 7,066 2,100 2,700 2,700
Interest expense -1,752 -935 -20 -6,000
Other non-operating revenue 20,810 0 0 0
Total non-operating revenues(expenses) $26,I24 $I,I65 $2,680 ($3,300)
Income(loss)before operating transfers ($56,637) ($I03,1I7) ($23,613) $I8,873
Capital contributions and special item 0 0 0 0
Net transfers In(Out) (79,841) (79,300) (87,883) (92,143)
Change in net position ($I36,478) ($I82,4I7) ($I I I,496) ($73,270)
Beginning net position $5,624,I0I $5,487,623 $5,305,206 $5,I93,7I0
Ending net position $5,487,623 * $5,305,206 $5,193,7I0 $5,I20,440
* Ties to annual Comprehensive Annual Financial Report
Of total depreciation expense,the following amounts were attributable to capital assets funded with capital contributions:
(a)$222,329 or 76%;(b)$215,657 or 84%;(c)$164,613 or 74%;(d)$164,613 or 78%
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