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HomeMy WebLinkAboutRes2015-094 Sponsored by: Hunt Public Hearing: October 26, 2015 Additional Public Hearing: November 9, 2015 Adoption: November 9, 2015 CITY OF SEWARD, ALASKA RESOLUTION 2015-094 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE SMIC ENTERPRISE FUND BIENNIAL BUDGET FOR CALENDAR YEARS 2016 AND 2017 WHEREAS, the City Manager has submitted to the City Council a proposed biennial budget for the City of Seward for Calendar Years 2016 and 2017; and WHEREAS, the preliminary biennial budget was reviewed by the City Council in budget work sessions on October 7, 8, 9 and 16, 2015, which were televised to the public; and WHEREAS, a public hearing is scheduled on the proposed budget for October 26 with public hearing and final adoption scheduled for November 9, 2015. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The SMIC Enterprise Fund budget for Calendar Years 2016 and 2017 which is attached hereto and made a part hereof by reference and which contains estimated revenues and expenses for the period January 1, 2016 - December 31, 2017, 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 9th day of November, 2015. THE CITY OF SEWARD, ALASKA qazyt) id7AzdalilarL- Jean Bardarson, Mayor • • CITY OF SEWARD, ALASKA RESOLUTION 2015-094 AYES: Keil, Squires, Butts, Alterinatt, McClure, Bardarson NOES: Casagranda ABSENT: None ABSTAIN: None ATTEST: ,, .4'1 , Jo M anna Miley, CC C. y Clerk (City Seal) 0'.k OF SE.. 'lipa',, 0 I SEAL •. : ...4.--• •• ;> S: ;i .,�grE,OF ENV-•*• SMIC ENTERPRISE FUND Budgeted Statement of Revenues and Expenses and Change in Net Position For Fiscal Year 20I6 and 20I7 20I4 20I5 2016 2017 Actual* Budget Budget Budget Operating revenue Moorage 6,763 3,000 3,000 3,000 Wharfage 5,995 4,250 6,250 6,250 Boat Lift Fees I33,949 100,000 I40,000 140,000 Power Sales 45,864 36,000 40,000 40,960 Storage 107,48I 110,000 115,000 115,000 Rents and Leases 156,195 113,000 156,950 I52,707 Miscellaneous 13,546 9,000 12,000 12,I90 Total operating revenue $469,793 $375,250 $473,200 $470,107 Operating expense before depreciation: Salaries&Benefits I 10,734 94,469 8I,569 75,429 Purchased Services 106219 130,000 9I,900 112,524 Supplies and Maintenance 65,748 53,500 56,500 53,500 General and Administrative 128,589 177,I48 199227 200,933 Total operating expense $411,290 $455,117 $429,196 $442,386 Operating income before depreciation 58,503 (79,867) 44,004 27,72I Depreciation 602,368 1,140,259 1,140,259 1,I40259 Operating loss (543,865) (1,220,126) (1,096,255) (I,112,538) Non-operating revenue(expense) Investment income and other 7,145 0 0 0 Interest expense 0 0 0 0 Total non-operating revenue(expense) 7,145 0 0 0 Income(loss)before contributions&transfers (536,720) (1220,126) (1,096,255) (1,112,538) Transfers in 350,000 27,520 165,750 172,033 Capital contributions I,731,339 0 0 0 Transfers out (102,562) (94,580) (103,775) (101,746) Change in net position $1,442,057 ($1,287,186) ($1,034,280) ($I,042,25I) Beginning net position $26,125,284 $27,567,341 $26,280,155 $25,245,875 Fueling net position $27,567,341 * $26,280,155 $25,245,875 $24,203,625 Ties to annual Comprehensive Annual Financial Report CITY OF SEWARD SMIC ENTERPRISE FUND Budgeted Statement of Cash Flow For Fiscal Year 2016 and 2017 2015 2016 2017 Budget Budget Budget Beginning Cash Balance at I/I/I5*: $138,956 Cash is provided by(used for): Change in Net Position (1,287,I86) (I,034,280) (1,042,25I) Other Uses -Debt Principal -98,008 -98,008 Add expense items not affecting cash Depreciation 1,140,259 I,140,259 1,140,259 Net increase(decrease)in cash (146,927) 7,971 (0) Estimated ending cash balance: -$7,971 $0 $0 * Ties to CAFR City of Seward 1:10/13/2015 at 12;09 PM SMIC Enterprise Fund Page; 2 Revenue Detail by Line Item For 9/30/2015 2016 2017 2014 2015 Budget 2015-16 Budget 2016-17 Actual Budget Request %Chg Request %Chg Revenues Insurance Recovery 5,520 0 0 0.00 0 0.00 Land Rents&Leases 156,195 113,000 156,950 38.89 152,707 (2.70) Land Lease Credits 0 0 0 0.00 0 0,00 Moorage 6,763 3,000 3,000 0.00 3,000 0.00 Wharfage 5,995 4,250 6,250 47,06 6,250 0.00 Boat Lift Fees 133,949 100,000 140,000 40.00 140,000 0.00 Storage Fees 107,481 110,000 115,000 4.55 115,000 0.00 SMIC Power Sales 45,864 36,000 40,000 11.11 40,960 2.40 Washdown Pad Fees 7,956 5,000 8,000 60.00 8,190 2.38 Fuel Pumping Fee 4,698 3,000 3,000 0.00 3,000 0.00 Labor&Services 892 1,000 1,000 0.00 1,000 0.00 EF Investment Interest 1,497 0 0 0.00 0 0.00 EF Penalties and Interest 128 0 0 0.00 0 0.00 Gain on Sale of Fixed Assets 282,970 0 0 0.00 0 0.00 Amortization of Contributions-in-Aid 0 1,053,048 1,017,529 (3.37) 1,020,529 0.29 Total Revenues $ 759,908 $ 1,428,298 $ 1,490,729 $ 198.24 $ 1,490,636 $ 2.37 City of Seward .un:10/13/2015 at 12:10 PM 12000-SMIC Enterprise Fund Page: 2 Expense Summary by Line Item For 9/30/2015 2016 2017 2014 2015 Budget 2015-16 Budget 2016-17 Actual Budget Request %Chg Request %Chg Expenditures/Expense$ 12000 6000 Salaries 66,762 63,591 52,299 (17.76) 53,772 2.82 12000 6001 Overtime 3,658 3,305 3,278 (0.82) 3,357 2.41 12000 6002 Standby Time 0 0 0 0.00 0 0.00 120006100 Medicare 1,066 1,035 891 (13.91) 904 1.46 12000 6102 Workers'Compensation 6,623 5,042 5,430 7.69 4,167 (23.26) 120006201 Retirement Benefits 3,638 2,358 1,795 (23.88) 1,272 (29.14) 12000 6202 Health Insurance 28,987 19,138 17,876 (6.59) 11,954 (33.13) 12000 7001 Communications 0 500 500 (0.01) 500 0.00 12000 7002 Postage and Freight 1,391 5,500 5,500 0.00 5,500 0.00 12000 7003 Bank and Credit Card Fees 0 0 0 0.00 0 0.00 12000 7004 Insurance 19,152 8,900 8,900 0.00 14,400 61.80 12000 7006 Legal 22,065 0 0 0.00 10,000 0,00 12000 7009 Contracted Services 17,113 50,000 30,000 (40.00) 30,000 0.00 12000 7015 Utilities 16,499 15,000 15,000 0.00 15,000 0.00 12000 7016 Heating Fuel 3,338 6,000 6,000 0.00 5,000 (16.67) 12000 7100 General Power for Resale 26,292 22,000 26,000 18.18 26,624 2.40 12000 7102 Power Fuel Costs 0 0 0 0.00 2,500 0.00 12000 7211 Gas&Lube 8,361 10,000 10,000 0.00 10,000 0.00 12000 7215 Operating Supplies 3,174 6,000 6,000 0.00 6,000 0.00 12000 7216 Maintenance&Repair 51,377 36,000 36,000 0.00 36,000 0.00 12000 7217 Small Tools&Equipment 2,836 1,500 1,500 0.00 1,500 0.00 12000 7300 Advertising 369 5,000 3,000 (40.00) 3,000 0.00 12000 7302 Travel&Subsistence 0 100 0 (100.00) 0 0.00 12000 7304 Equipment Rent 0 17,000 0 (100.00) 0 0.00 12000 7321 Harbor General Indirect Costs 50,540 51,485 53,291 3.51 51,321 (3.70) 12000 7322 Harbor Admin Indirect Costs 33,623 34,242 55,024 60.69 56,517 2.71 12000 7323 SMIC General Indirect Costs 81,884 127,824 111,978 (12.40) 136,749 22.12 12000 7324 Gen Fund Indirect Costs 88,421 88,421 90,912 2,82 93,095 2.40 12000 7325 Harbor Internal Cost Allocation (125,879) (128,824) (111,978) (13.08) (136,749) 22.12 12000 7330 P.I.LT. 25,088 20,580 25,300 22.93 25,392 0.36 12000 7331 Reclass PILT to Transfer-Out (25,088) (20,580) (25,300) 22.93 (25,392) 0.36 12000 7808 Bad Debt Expense 0 4,000 0 (100.00) 0 0.00 12000 7810 Miscellaneous Expense 0 0 0 0.00 0 0.00 12000 7900 Depreciation Expense 0 1,140,259 1,140,259 0.00 1,140,259 0.00 12000 8300 Debt Service Principal 0 0 98,008 0.00 98,008 0.00 Total Expenditures/Expenses $ 411,290 $ 1,595,376 $ 1,667,463 $(329.70$ 1,680,650 $ 15.06 Run:10/13/2015 at 12:32 PM City of Seward Revenue and Expenses by Department SMIC Enterprise Fund SMIC-General For 913012015 2013 2014 Y-T-D 2015 2016 2015-16 2017 Actual Actual Actual Budget Budget %Change Budget Revenues 12000 2500 5000 Land Rents&Leases 32,149 44,221 43,685 0 44,243 0.00 40,000 12000 2500 5001 Land Lease Credits 0 0 (60,000) 0 0 0.00 0 12000 2500 5106 SMIC Power Sales 36,892 45,864 22,345 36,000 40,000 (0.11) 40,960 12000 2500 5800 Labor&Services 125 262 0 0 0 0.00 0 12000 2500 5901 EF Investment Interest 1,158 1,497 0 0 0 0.00 0 12000 2500 5905 EF Penalties and Interest 109 128 0 0 0 0.00 0 12000 2500 5911 Unrealized Gain on PV of Investments (1,066) 0 0 0 0 0.00 0 12000 2500 5940 Amortization of Contributions-in-Aid 0 0 0 535,000 535,000 0.00 535,000 Total Revenues $ 69,367 $ 91,972 $ 6,030 $ 571,000 $ 619,243 $ (0.08) $ 615,960 Expenditures Personnel Costs: 12000 2500 6000 Salaries 21,210 28,568 14,257 19,464 18,057 (0.07) 18,489 12000 2500 6001 Overtime 155 1,129 220 98 550 4.61 563 12000 2500 6002 Standby Time 59 0 0 0 0 0.00 0 12000 2500 6100 Medicare 335 444 226 303 310 0.02 309 12000 2500 6102 Workers'Compensation 1,952 2,738 1,350 1,580 1,870 0.18 252 12000 25006201 Retirement Benefits 1,775 1,750 3,528 736 547 (0.26) 0 12000 2500 6202 Health Insurance 8,181 12,202 5,959 8,633 7,017 (0.19) 561 Total Personnel Costs: $ 33,667 $ 46,831 $ 25,540 $ 30,814 $ 28,351 $ (0.08) $ 20,174 Non-Personnel Costs: 12000 2500 7001 Communications 0 0 0 500 500 0.00 500 12000 2500 7002 Postage and Freight 65 915 391 500 500 0.00 500 12000 2500 7003 Bank and Credit Card Fees 0 0 10 0 0 0.00 0 12000 2500 7004 Insurance 842 5,185 5,321 2,000 2,000 0.00 5,300 12000 2500 7006 Legal 6,326 22,065 13,091 0 0 0.00 10,000 12000 2500 7009 Contracted Services 12,457 15,910 24,550 40,000 20,000 (0.50) 20,000 12000 2500 7015 Utilities 13,666 16,499 11,594 15,000 15,000 0.00 15,000 12000 2500 7016 Heating Fuel 3,524 3,338 3,813 6,000 6,000 0.00 5,000 12000 2500 7100 General Power for Resale 22,283 26,292 16,763 22,000 26,000 0.18 26,624 12000 2500 7102 Power Fuel Costs 0 0 2,205 0 0 0.00 2,500 12000 2500 7211 Gas&Lube 9,256 4,777 1,688 7,000 7,000 0.00 7,000 12000 2500 7215 Operating Supplies 1,379 2,387 1,946 3,500 3,500 0.00 3,500 12000 2500 7216 Maintenance&Repair 4,294 13,150 6,246 8,000 8,000 0.00 8,000 12000 2500 7217 Small Tools&Equipment 3,043 2,815 2,327 1,500 1,500 0.00 1,500 12000 2500 7300 Advertising 3,135 369 779 5,000 3,000 (0.40) 3,000 12000 2500 7302 Travel&Subsistence 0 0 0 100 0 (1.00) 0 12000 2500 7325 Harbor Internal Cost Allocation (108,105) (125,879) (96,618) (128,824) (111,978) (0.13) (136,749) 12000 2500 7330 P,I.L.T. 2,961 3,690 1,788 2,880 3,200 0.11 3,277 12000 2500 7331 Reclass PILT to Transfer-Out (2,961) (3,690) (1788) (2,880) (3,200) 0,11 (3,277) 12000 2500 7810 Miscellaneous Expense 350 0 530 0 0 0.00 0 12000 2500 7900 Depreciation Expense 1,105 0 0 500,000 500,000 0.00 500,000 Total Non-Personnel Costs: $ (26,380) $ (12,177) $ (5,364) $ 482,276 $ 481,022 $ 0.00 $ 471,675 Total Expenditures $ 7,287 $ 34,654 $ 20,176 $ 513,090 $ 509,373 $ (0.01) $ 491,849 Run:10/13/2015 at 12:32 PM City of Seward Revenue and Expenses by Department SMIC Enterprise Fund SMIC-North SMIC Dock For 9130(2015 2013 2014 Y-T-D 2015 2016 2015-16 2017 Actual Actual Actual Budget Budget %Change Budget Revenues 12000 2502 5101 Moorage 215 4,502 588 2,000 2,000 0.00 2,000 12000 2502 5102 Wharfage 142 440 47 1,250 1,250 0.00 1,250 12000 2502 5153 Fuel Pumping Fee 2,506 4,698 521 3,000 3,000 0.00 3,000 12000 2502 5800 Labor&Services 0 158 0 0 0 0.00 0 Total Revenues $ 2,863 $ 9,798 $ 1,156 $ 6,250 $ 6,250 $ 0.00 $ 6,250 Expenditures Personnel Costs: 12000 2502 6000 Salaries 1,700 2,070 1,073 5,308 3,390 (0.36) 3,471 12000 2502 6001 Overtime 42 126 169 131 112 (0.15) 115 12000 2502 6100 Medicare 25 32 19 40 55 0.38 56 12000 2502 6102 Workers'Compensation 173 194 132 221 230 0.04 252 12000 2502 6201 Retirement Benefits 126 101 292 92 158 0.72 156 12000 2502 6202 Health Insurance 656 737 409 449 731 0.63 760 Total Personnel Costs: $ 2,722 $ 3,260 $ 2,094 $ 6,241 $ 4,676 $ (0.25) $ 4,810 Non-Personnel Costs: 12000 2502 7004 Insurance 2,051 2,161 2,281 2,600 2,600 0.00 2,600 12000 2502 7009 Contracted Services 0 1,203 0 5,000 5,000 0.00 5,000 12000 2502 7015 Utilities 0 0 108 0 0 0.00 0 12000 2502 7215 Operating Supplies 0 0 5 0 0 0.00 0 12000 2502 7216 Maintenance&Repair 0 9,813 282 3,000 3,000 0.00 3,000 12000 2502 7321 Harbor General Indirect Costs 661 2,484 1,948 2,530 1,952 (0.23) 1,880 12000 2502 7322 Harbor Admin Indirect Costs 335 1,652 1,304 1,692 2,016 0.19 2,070 12000 2502 7323 SMIC General Indirect Costs 22,032 25,654 4,748 6,282 4,102 (0.35) 51009 12000 2502 7324 Gen Fund Indirect Costs 27,255 27,800 20,850 27,800 28,439 0.02 29,122 12000 2502 7330 P.I.L.T. 229 784 3,930 500 500 0.00 500 12000 2502 7331 Redass PILT to Transfer-Out (229) (784) (3,930) (500) (500) 0.00 (500) 12000 2502 7900 Depredation Expense 47,645 0 0 _ 47,645 47,645 0.00 47,645 Total Non-Personnel Costs: $ 99,979 $ 70,767 $ 31,526 $ 96,549 $ 94,754 _ $ (0.02) $ 96,326 Total Expenditures $ 102,701 $ 74,027 $ 33,620 $ 102,790 $ 99,430 $ (0.03) $ 101,136 Rum 10/13/2015 at 12:32 PM City of Seward Revenue and Expenses by Department SMIC Enterprise Fund SMIC-East SMIC Dock For 9/30/2015 2013 2014 Y-T-D 2015 2016 2015-16 2017 Actual Actual Actual Budget Budget %Change Budget Revenues 12000 2503 5000 Land Rents&Leases 46,734 47,975 45,987 49,000 48,707 0.01 48,707 12000 2503 5101 Moorage 780 2,261 0 1,000 1,000 0.00 1,000 12000 2503 5102 Wharfage 10,834 _ 5,555 3,727 3,000 5,000 (0.67) 5,000 Total Revenues $ 58,348 $ 55,791 $ 49,714 $ 53,000 $ 54,707 $ (0.03) $ 54,707 Expenditures Personnel Costs: Total Personnel Costs: $ 0 $ 0 $ 0 $ 0 $ 0 $ 0.00 $ 0 Non-Personnel Costs: 12000 2503 7004 Insurance 716 829 883 1,300 1,300 0.00 1,300 12000 2503 7321 Harbor General Indirect Costs 992 1,784 1,399 1,817 1,557 (0.14) 1,500 12000 2503 7322 Harbor Admin Indirect Costs 502 1,187 936 1,215 1,608 0.32 1,652 12000 2503 7323 SMIC General Indirect Costs 15,556 18,114 0 4,512 3,272 (0.27) 3,996 12000 2503 7324 Gen Fund Indirect Costs 19,210 19,594 14,696 19,594 20,045 0.02 20,526 12000 2503 7330 P.I.L.T. 929 625 298 320 480 0.50 480 12000 2503 7331 Reclass PELT to Transfer-Out (929) (625)_ (298) (320) (480) 0,50 (480) Total Non-Personnel Costs: $ 36,976 $ 41,508 $ 17,914 $ 28,438 $ 27,782 $ j0.02) $ 28,974 Total Expenditures $ 36,976 $ 41,508 $ 17,914 $ 28,438 $ 27,782 $ (0.02) $ 28,974 Run:10/13015 at 12:32 PM City of Seward Revenue and Expenses by Department SMIC Enterprise Fund SMIC-330 Ton Lift For 9/3012015 2013 2014 Y-T-D 2015 2016 2015-16 2017 Actual Actual Actual Budget Budget %Change Budget Revenues 12000 2504 4632 Insurance Recovery 0 0 522 0 0 0.00 0 12000 2504 5103 Boat Lift Fees 105,453 133,949 72,150 100,000 140,000 (0.40) 140,000 12000 2504 5104 Storage Fees 91,128 107,481 47,852 110,000 115,000 (0.05) 115,000 12000 2504 5109 Washdown Pad Fees 0 7,956 650 5,000 8,000 (0.60) 8,190 12000 2504 5800 Labor&Services 997 473 158 1,000 1,000 0.00 1,000 12000 2504 5910 Gain on Sale of Fixed Assets 0 282,970 0 0 0 0.00 0 12000 2504 5940 Amortization of Contributions-in-Aid 0 0 0 35,519 0 1.00 0 Total Revenues $ 197,578 $ 532,829 $ 121,332 $ 251,519 $ 264,000 $ (0.05) $ 264,190 Expenditures Personnel Costs; 12000 2504 6000 Salaries 31,534 35,232 38,654 38,819 30,852 (0.21) 31,590 12000 2504 6001 Overtime 2,519 2,403 9,499 3,076 2,616 (0.15) 2,679 12000 2504 6002 Standby Time 0 0 73 0 0 0.00 0 12000 2504 6100 Mec8care 494 578 708 692 526 (0.24) 539 12000 2504 6102 Workers'Compensation 2,980 3,594 4,419 3,241 3,330 0.03 3,663 12000 2504 6201 Retirement Benefits 3,064 1,724 11,065 1,530 1,090 (0,29) 1,116 12000 2504 6202 Health Insurance 13,754 15,681 18,911 10,056 10,128 0.01 10,532 Total Personnel Costs: $ 54,345 $ 59,212 $ 83,329 $ 57,414 $ 48,542 $ (0.15) $ 50,119 Non•Personnel Costs: 12000 2504 7002 Postage and Freight 1,565 465 298 5,000 5,000 0.00 5,000 12000 2504 7004 Insurance 2,950 2,622 9,040 3,000 3,000 0.00 5,200 12000 2504 7009 Contracted Services 3,150 0 25,178 5,000 5,000 0.00 5,000 12000 2504 7211 Gas&Luba 2,319 3,583 4,785 3,000 3,000 0.00 3,000 12000 2504 7215 Operating Supplies 1,489 786 1,823 2,500 2,500 0.00 2,500 12000 2504 7216 Maintenance&Repair 18,615 22,862 1,851 25,000 25,000 0.00 25,000 12000 2504 7217 Small Tools&Equipment 0 21 6,536 0 0 0.00 0 12000 2504 7302 Travel&Subsistence 0 0 43 0 0 0.00 0 12000 2504 7304 Equipment Rent 0 0 0 17,000 0 (1.00) 0 12000 2504 7321 Harbor General Indirect Costs 21,490 44,994 35,294 45,836 49,782 0.09 47,941 12000 2504 7322 Harbor Admin Indirect Costs 10,875 29,934 23,472 30,465 51,400 0.69 52,795 12000 2504 7323 SMIC General Indirect Costs 31,523 35,706 86,017 113,799 104,604 (0.08) 127,744 12000 2504 7324 Gen Fund Indirect Costs 38,923 39,701 29,776 39,701 41,072 0.03 42,058 12000 2504 7330 P.I,LT, 15,806 19,989 9,665 16,880 21,120 0.25 21,135 12000 2504 7331 Reclass PILT to Transfer-Out (15,806) (19,989) (9,665) (16,880) (21,120) 0.25 (21,135) 12000 2504 7808 Bad Debt Expense 10,050 0 0 4,000 0 (1.00) 0 12000 2504 7900 Depredation Expense 28,552 0 _ 0 68,085 68,085 0.00 68,085 Total Non-Personnel Costs: $ 169,501 $ 181,674 $ 224,113 $ 362,386 $ 358,443 $ (0.01) $ 384,323 Total Expenditures $ 223,846 $ 240,886 $ 307,442 $ 419,800 $ 406,985 $ (0.03) $ 434,442 Run:10/13/2015 at 12:32 PM City of Seward Revenue and Expenses by Department SMIC Enterprise Fund SMIC•Syncrollft Operations For 9130/2015 2013 2014 Y-T-D 2015 2016 2015-16 2017 Actual Actual Actual Budget Budget %Change Budget Revenues 12000 2505 4632 Insurance Recovery 0 5,520 0 0 0 0,00 0 12000 2505 5000 Land Rents&Leases 64,000 64,000 64,000 64,000 64,000 0.00 64,000 Total Revenues $ 64,000 $ 69,520 $ 64,000 $ 64,000 $ 64,000 $ 0.00 $ 64,000 Expenditures Personnel Costs: 12000 2505 6000 Salaries 0 892 0 0 0 0.00 222 12000 2505 6100 Medicare 0 12 0 0 0 0.00 0 12000 2505 6102 Workers'Compensation 0 97 0 0 0 0.00 0 12000 2505 6201 Retirement Benefits 0 63 0 0 0 0.00 0 12000 2505 6202 Health Insurance 0 366 0 0 0 0.00 101 Total Personnel Costs: $ 0 $ 1,430 $ 0 $ 0 $ 0 $ 0.00 $ 323 Non-Personnel Costs: 12000 2505 7002 Postage and Freight 0 10 0 0 0 0.00 0 12000 2505 7004 Insurance 0 8,355 0 0 0 0.00 0 12000 2505 7216 Maintenance&Repair 0 5,552 0 0 0 0.00 0 12000 2505 7321 Harbor General Indirect Costs 992 1,278 1,003 1,302 0 (1.00) 0 12000 2505 7322 Harbor Admin Indirect Costs 502 850 670 870 0 (1.00) 0 12000 2505 7323 SMIC General Indirect Costs 1,211 1,410 2,442 3,231 0 (1.00) 0 12000 2505 7324 Gen Fund Indirect Costs 1,300 1,326 995 1,326 1,356 0.02 1,389 Total Non-Personnel Costs: $ 4,005 $ 18,781 $ 5,110 $ 6,729 $ 1,356 $ (0.80) $ 1,389 Total Expenditures $ 4,005 $ 20,211 $ 5,110 $ 6,729 $ 1,356 $ (0.80) $ 1,712 Run:10/13/2015 at 12:32 PM City of Seward Revenue and Expenses by Department SMIC Enterprise Fund SMIC-Syncrolift Complex For 9/30/2015 2013 2014 Y-T-D 2015 2016 2015-16 2017 Actual Actual Actual Budget Budget %Change Budget Revenues 12000 2506 5940 Amortization of Contributions-in-Aid 482,529 0 0 482,529 482,529 0.00 485,529 Total Revenues $ 482,529 $ 0 $ 0 $ 482,529 $ 482,529 $ 0.00 $ 485,529 Expenditures Personnel Costs: Total Personnel Costs: $ 0 $ 0 $ C $ 0 $ 0 $ 0.00 $ 0 Non-Personnel Costs: 12000 2506 7900 Depreciation Expense 524,529 0 0 524,529 524,529 0,00 524,529 Total Non-Personnel Costs: $ 524,529 $ 0 $ 0 $ 524,529 $ 524,529 $ 0.00 $ 524,529 Total Expenditures $ 524,529 S 0 $ 0 $ 524,529 $ 524,529 $ 0.00 $ 524,529 Run:1011312015 at 12:32 PM City of Seward Revenue and Expenses by Department SMIC Enterprise Fund SMIC Debt Service For 913012015 2013 2014 Y-T-D 2015 2016 2015-16 2017 Actual Actual Actual Budget Budget %Change Budget Revenues Total Revenues $ 0 $ 0 $ 0 $ 0 $ 0 $ 0.00 $ 0 expenditures Personnel Costs: Total Personnel Costs: $ 0 $ 0 $ 0 $ 0 $ 0 $ 0.00 $ 0 Non-Personnel Costs: 12000 2590 8300 Debt Service Principal 0 0 _ 147,012 0 98,008 0.00 98,008 Total Non-Personnel Costs: $ 0 $ 0 $ 147,012 $ 0 $ 98,008 $ 0.00 $ 98,008 Total Expenditures $ 0 $ 0 $ 147,012 $ 0 $ 98,008 $ 0.00 $ 98,008 CITY OF SEWARD SEWARD MARINE INDUSTRIAL CENTER ENTERPRISE FUND 2016 and 2017 Debt Service Schedule Balance 2016 Budget Balance Description Interest Rate @ 1/01/16 Principal Interest Retirement Total @ 12/31/16 Term 2015 330-Ton Boatlift Loan 0% 882,075 98,008 98,008 784,067 2015-2024 I Totals: $882,075 $98,008 $0 $0 $98,008 $784,067 Balance 2017 Budget Balance Description Interest Rate @ 1/01/17 Principal Interest Retirement Total @ 12/31/17 Term 2015 330-Ton Boatlift Loan 0 784,067 98,008 98,008 686,059 2015-2024 I Totals: $784,067 $98,008 $0 $0 $98,008 $686,059 CITY OF SEWARD S.M.I.C. ENTERPRISE FUND Budgeted Interfund Transfers Fiscal Year 2016 and 2017 2016 2017 Transfers- Transfers- Transfers- Transfers- In Out In Out General Fund -to cover SMIC deficit 165,750 172,033 General Fund: One-half of land rents and leases 78,475 76,354 Payments-in-Lieu-of-Tax 25,300 25,392 $165,750 $103,775 $172,033 $101,746