HomeMy WebLinkAboutRes2013-087 Sponsored by: Hunt
61.•
CITY OF SEWARD, ALASKA
RESOLUTION 2013-087
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE MOTOR POOL INTERNAL SERVICE 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 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 Motor Pool Internal Service Fund biennial budget for Calendar Years
2014 and 2015 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 121
day of November, 2013.
THE CITY OF SEWARD, ALASKA
10.0' j
can Bardarson, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2013-087
AYES: Keil, Shafer, Casagranda, Terry, Squires, Bardarson
NOES: None moo
ABSENT: None
ABSTAIN: None
VACANT: One
ATTEST:
0.4 a
Johanna Ki se. MC
C ty Clerk
(City Seal)
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CITY OF SEWARD
MOTOR POOL INTERNAL SERVICE FUND
Budgeted Statement of Cash Flow
" For 20I4 and 20I5
2013 2014 2015
Budget Budget Budget
Beginning Cash Balance at 1/1/13 *: $1,089,780
Cash is provided by(used for):
Change in net assets 347,6I7 I42,698 128,339
Add expense items not affecting cash
Depreciation 381,933 405,772 392,052
Net cash provided by operations $729,550 $548,470 $520,391
Other sources of cash
Capital lease proceeds 0 0 0
Loan repayment-50-Ton travelift 29,22I 29,221 29,22I
Loan repayment-SGH PERS 98,576 98,576 98,576
Other uses of cash
Debt principal payments (I84,507) (3I,320) (a) 0 (b)
Capital outlay (220,891) (1,029,000) (c) (530,000) (d)
Net increase(decrease)in cash 451,949 (384,053) 118,188
Estimated ending cash balance $1,541,729 $1,157,676 $1,275,864
(") Ties to CAFR.
(a) Capital lease/purchase payments:Loaders-$3I,320
(b) No outstanding capital leases.
(c) $75K street flatbed;$62K shop truck;$70K parks toolcat;$32K grader wing;$60K harbor oil truck;$300K grader;$30K
city mgr truck;$400K digger derrick.
(d) $350K engine 3 refurb;$18K parking;$45K parks plow truck;$50K streets;$42K tyc van;$25K wire trailer.
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MOTOR POOL INTERNAL SERVICE FUND
is Budgeted Statement of Revenues, Expenses
""' and Change in Net Position
For 20I4 and 20I5
2012 2013 2014 2015
Actual * Budget Budget Budget
Operating revenues - vehicle rental $508,999 $684,959 $494,532 $470,439
Operating expenses - depreciation and other 425,597 38I,933 405,772 392,052
Operating income(loss) 83,402 303,026 88,760 78,387
Non-operating revenue (expense)
Interest income 62,9I0 65,000 6,000 6,000
Interest expense (I6,83I) (20,409) (259) 0
Other non-operating I,522 0 48,I97 43,952
Total non-operating revenue(expense) 47,60I 44,59I 53,938 49,952
Earnings before transfers I3I,003 347,6I7 I42,698 I28,339
Transfers (to) from other funds 0 0 0 0
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Change in net position I3I,003 347,6I7 I42,698 I28,339
Beginning net position 4,229,I03 4,360,I06 4,707,723 4,850,42I
Ending net position $4,360,I06 * $4,707,723 $4,850,42I $4,978,760
'' Ties to annual Comprehensive Annual Financial Report
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