HomeMy WebLinkAboutRes2015-095 Sponsored by: Hunt
Public Hearing: October 26, 2015
Additional Public Hearing: November 9, 2015
Adoption: November 9, 2015
CITY OF SEWARD, ALASKA
RESOLUTION 2015-095
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE PARKING 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 Parking 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
C2�tJ % G1C1a2 Jce1/
can Bardarson, Mayor
•
CITY OF SEWARD,ALASKA
RESOLUTION 2015-095
AYES: Keil, Casagranda, Squires, Butts, Altermatt, McClure, Bardarson
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
Jhanna Key, CMC
ity Clerk
(City Seal)
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PARKING ENTERPRISE FUND
Budgeted Statement of Revenue and Expenses
and Change in Net Position
For. 2016 and 2017
2014 2015 2016 2017
Actual* Budget Budget Budget
Operating revenue-parking fees $293,379 $282,500 $302,350 $310,100
Operating expense:
Salaries&Benefits I23,937 I38,992 143,118 I45,214
Purchased Services 34,800 25,450 39,550 30,250
Supplies and Maintenance I6,873 33,500 31,200 27,300
General and Administrative I9,065 19,441 26,745 20,885
Total operating expense: $194,675 $217,383 $240,6I3 $223,649
Operating income before depreciation 98,704 65,117 6I,737 86,45I
Depreciation 24,476 22,969 24,000 24,000
Operating income(ooss) $74,228 $42,148 $37,737 $62,45I
Non-operating revenues(expense)
Interest Income and other 7,450 3,700 7,000 7,000
Total non-operating revenue(expense) $7,450 $3,700 $7,000 $7,000
Transfers to other funds -$23,470 -$22,600 -$24,I88 -$24,808
Change in net position $58,208 $23,248 $20,549 $44,643
Beginning net position $7I9,269 $777,477 $800,725 $821,274
Ending net position $777,477 * $800,725 $821,274 $865,917
* Ties to annual Comprehensive Annual Financial Report
L.
CITY OF SEWARD
PARKING EN 1 ERPRISE FUND
Budgeted Statement of Cash Flow
For 2016 and 2017
2015 2016 2017
Budget Budget Budget
Beginning Cash Balance at 1/1/15 *: $690,193
Cash is provided by(used for):
Change in net position $23,248 $20,549 $44,643
Add expense items not affecting cash
Depreciation 22,969 24,188 24,808
Net cash provided by operations $46,217 $44,737 $69,451
Other uses of cash
Capital outlay(a) ($I5,500) (a) ($15,000) (b) $0 (c)
Net increase(decrease)in cash $30,717 $29,737 $69,451
Estimated ending cash balance $720,910 $750,647 $820,098
(*) Ties to Comprehensive Annual Financial Report
(a) $13K motor pool contribution,$2,500 equipment.
(b) $15K ADA upgrades to parking booth.
(c) No Motor Pool contributions.
City of Seward
1:10/13/2015 at 12:09 PM Parking Enterprise Fund Page: 3
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
S.Harbor Lot 114,960 121,000 125,000 3.31 126,000 0.80
N.Harbor Lot 64,126 55,800 60,000 7,53 62,000 3.33
N.E.Ramp Lot 47,935 46,300 49,000 5.83 50,000 2.04
S.Harbor Uplands Lot 17,379 16,000 25,000 56.25 27,000 8.00
Slip Holder Parking Passes 26,402 25,000 23,000 (8.00) 23,000 0.00
Employee Passes 7,683 7,500 8,600 14.67 9,000 4.65
Miscellaneous Parking Fees 93 400 0 (100.00) 0 0.00
Company Vehicle Pass 93 0 0 0.00 0 0.00
Vehiclew/Trailer 10,467 10,500 11,250 7,14 12,000 6.67
Visitor Parking Permits 467 0 500 0.00 600 20.00
Fines-Parking Tickets 3,152 0 0 0.00 500 0.00
Miscellaneous Revenue 621 0 0 0.00 0 0.00
EF Investment Interest 7,450 3,000 7,000 133.33 7,000 0.00
Total Revenues $ 300,828 $ 285,500 $ 309,350 $ 120.06 $ 317,100 $ 45.49
CITY OF SEWARD
PARKING ENTERPRISE FUND
Budgeted Interfund Transfers
Fiscal Year 2016 and 2017
2016 2017
Transfers- Transfers- Transfers- Transfers-
In Out In Out
........_............
Federal and state lobbying 0 0
Payments-in-Lieu-of-Tax 24,188 24,808
$0 $24,188 $0 $24,808