Loading...
HomeMy WebLinkAboutRes2017-061CITY OF SEWARD, ALASKA Sponsored by: Hunt RESOLUTION 2017-061 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE WATER ENTERPRISE FUND BIENNIAL BUDGET FOR CALENDAR YEARS 2018 AND 2019 WHEREAS, the City Manager has submitted to the City Council a proposed biennial budget for the City of Seward for Calendar Years 2018 and 2019; and WHEREAS, the preliminary biennial budget was reviewed by the City Council in budget work sessions on September 27, October 2, and October 3, 2017, which were televised to the public; and WHEREAS, a public hearing is scheduled on the proposed budget for October 23, 2017, and a second public hearing and final adoption is scheduled for November 27, 2017; and WHEREAS, the water enterprise fund has begun repaying debt on a major Third Avenue water main loan, necessitating rate increases to coverthe cost of debt service and other operational needs, with rates slated to rise 2.1 % in 2018 (five-year average CPI) and 1.6% (five- year average CPI) in 2019. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The Water Enterprise Fund budget for Calendar Years 2018 and 2019 which is attached hereto and made a part hereof by reference and which contains estimated revenues and expenses for the period January 1, 2018 - December 31, 2019, 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 27'' day of November, 2017. THE CITY OF SEWARD, ALASKA David Squires, Mayo CITY OF SEWARD, ALASKA RESOLUTION 2017-061 AYES: Casagranda, Keil, McClure, Slater, Towsley, Horn, Squires NOES: None ABSENT: None ABSTAIN: None ATTEST: I&JA-f �, ' Ble@a J. Ballou, K4MC City Clerk (City Seal) OF ssbk j. go _ • SEAL = • q• .......,•• OF 1 WATER ENTERPRISE FUND Budgeted Statement of Revenues and Expenses and Change in Net Position. For 20I8 and 20I9 2016 2017 2018 2019 Actual * Budget Budget Budget Operating revenue: Residential 48I,202 453,600 477,7I9 476,492 Small General Service 131223 I27,656 130,337 I32,422 Large General Service 229,373 2I5,604 220,132 223,654 SMIC Sales 47,066 59,208 60,451 6I,4I9 Special Contract Sales 245,585 278,700 284,553 289,I06 Miscellaneous 64,564 90,996 I40,412 144,393 Charges for Services - Ship Water 93,877 82,500 84,233 105,580 Total operating revenue: $1,292,890 $1,308,264I,39 ,8$1,433,066 Operating expense before depreciation: Salaries & Benefits 4I9,349 435,832 367,I66 370,259 Purchased services 247,002 396,012 384,300 385,500 Supplies & Maintenance 44,726 97,200 90,500 89,500 General & Administrative 254,288 279,972 284,549 288,691 Total operating expense: $965,36S $1,209,016I ,I33,950 Operating mcoeoe before depreciation 327,525 99,248 271,322 299,116 Depreciation 200,323 I86,996 392,I99 392,199 Operating income (loss) $127,202 8 -$120,877 493,083 Non -operating revenues (expenses) Interest income 6,643 7,008 7,I55 7,270 Other revenue 8,972 0 0 0 Interest expense-24,098-23,700-21,697-I9,669 Total noa-°P-U-6 - (-P--) - 8,4 - I - I4, , Eamiags before transfers and cmmbw,=, Transfers Out Transfers In Capital contributions and special items Change in net position Beginning net position Ending net position $I18,719 -$104,440 -$135,419 -$I05,482 -600,748 -II3,40I -II6,633 -II4,S42 98,0I0 0 0 0 0 0 0 0 -$384,0I9 -$2I7,941 4252,052 4220,024 $10,492,561 $IO,I08,S42 M390,70I $9,638,649 $IO,I08,542 a $9,890,701 $9,638,649 $9,4I8,625 * Ties to annual Comprehensive Annual Financial Report Of total depreciation expense, the following amounts were attributable to capital assets funded with capital contributions: (a) $24,402 or II%; (b) $22,224 or I I%; (c) $I86,036 or 47%; (d) $209,090 or 53% CITY OF SEWARD WATER ENTERPRISE FUND Budgeted Statement of Cash Flow For 2018 and 2019 Beginning cash balance at 111115: * Cash is provided by (used for): Change in net position Add expense items not affecting cash: Depreciation Net cash provided by (used for) operations Other sources (uses) of cash Debt principal payments Capital outlay Net increase (decrease) in cash Estimated ending cash balance 2017 2018 2019 Budget Budget Budget $1,170,000 (2I7,84I) (252,052) (220,024) I86,996 392,I99 392,199 (30,845) I40,I47 I72,I75 (I33,I52) (135,I47) (I67,I75) (5,000) (5,000) (I63,997) $I,006,003 $I,006,003 (*) Ties to CAFR and includes only Water Enterprise Fund; excludes related capital projects. $ I,006,003 Notes; Water Fund has not transferred funds to NMRF in 20I6, 20I7, 20I8 or 20I9 due to new 3rd Ave. Water Line debt payments. City of Seward Water Enterprise Fund 2018/2019 Biennial Operating Budget Revenue Detail by Line Item 2016 2016 2017 2018 2017-18 2019 2018-19 Actual Actual Budget Budget % Chg Budget % Chs, Revenues 17000 5300 Residential 17000 5310 SG Service 17000 5320 LG Service 17000 5330 SMIC Sales 17000 6340 Spec. Contracts 17000 5801 Turn on Fees 17000 5804 Work Order Revenue 17000 5806 Ship Water 17000 5807 Hydrant Rentals 17000 5899 Miscellaneous Revenue 17000 5901 EF Investment Interest 17000 5905 EF Penalties and Interest 17000 5919 Contra PERS On -behalf paid by SOA 17000 5920 PERS On -behalf paid by SOA 17000 5940 Amort. of CIA - General 455,795 481,202 453,600 477,719 5.32 476,492 (0,26) 132,772 131,223 127,656 130,337 2.10 132,422 1.60 210,460 229,373 215,604 220,132 2.10 223,664 1.60 49,367 47,066 59,208 60,451 2.10 61,419 1.60 266,801 245,595 278,700 284,653 2.10 289,106 1.60 8,497 11,182 9,996 10,206 2.10 10,369 1.60 1,500 0 0 0 0.00 0 0.00 107,264 93,877 82,500 84,233 2.10 106,580 25.34 55,799 55,572 121,470 120,000 (1.21) 123.655 3.05 6,741 (2,190) 9,996 10,206 2.10 10,369 1.60 18,384 2,393 5,004 5,109 2.10 5,191 1.61 10,532 4,250 2,004 2,046 2.10 2,079 1.61 (34,315) (593) 0 0 0.00 0 0.00 46,777 9,565 0 0 0.00 0 0.00 24,472 24,402 22,224 186,036 737.10 209,090 12.39 Total Revenues $ 1,349,836 $ 1,332,907 $ 1,387,962 $ 1,591,028 $ 14.63 $ 1,649,426 $ 3.67 City of Seward Water Enterprise Fund 2018I2019 Biennial Operating Budget Expenditure Line Item by Fund 2015 2016 2017 2018 2017-18 2019 2018-19 Actual A B t et Budget a Ch Personnel Costs: 6000 Salaries 176,034 160,656 223,616 183,556 (17.91) 181,616 (1,46) 6001Overtime 23,137 8,440 4,608 4,192 (9.03) 4,226 0.81 6002 Standby Time 11,394 8,515 11,076 9,754 (11.94) 9,862 1.11 6100 Medicare 2,922 2,937 3,648 3,428 (6,03) 3,387 (1.20) 6102 Workers' Compensation 7,639 7,781 9,240 12,191 31.94 12,141 (0.41) 6200 Leave Time 33,877 11,496 23,496 18,745 (20.22) 20,420 8.94 6201 Retirement Benefits 113,855 137,889 61,152 43,874 (28.25) 44,470 1.36 6202 Health Insurance 69,796 81,174 98,504 91,426 (7,19) 94,137 2.97 6203 In Lieu of FICA 443 461 492 0 1100.00) 0 0W0 Total Personnel Costs; $ 439,097 $ 419,349 $ 435,832 $ 367,166 $ (15.76) $ 370,259 $ 0.84 Non -Personnel Costs: 7000 Audit 132 0 0 0 0.00 0 0.00 7001 Communications 10,829 9,208 12,000 11,000 (8.33) 12,000 9.09 7002 Postage and Freight 2,580 2,443 6,504 6,500 (0.06) 6,500 0.00 7003 Bank and Credit Card Fees 6,251 6,782 6,000 6,000 0.00 6,000 0.00 7004Insurance 11,346 12,150 9,996 10,800 8,04 11,000 1.85 7006 Legal 0 0 6,000 5,000 (16.67) 5,000 0.00 7009 Contracted Services 47,130 22,824 80,004 75,000 (6,25) 75,000 0.00 7011 Testing 8,085 4,796 11,508 11,000 (4,41) 11,000 0.00 7015 Utilities 177,953 1135,732 264,000 269,000 (1.89) 259,000 0,00 7016 Heating Fuel 1,199 3,067 0 0 0.00 0 0.00 7210 Vehicle Supplies 0 1,361 0 0 0.00 0 0.00 7211 Gas & Lube 14,678 4,844 10,500 10,500 0.00 10,500 0.00 7213 Safety Equipment 2,075 2,052 3,000 3,000 0.00 3,000 0.00 7215 Operating Supplies 113,212 23,869 48,504 44,500 (8,25) 44,500 0.00 7216 Maintenance & Repair 8,043 6,367 28,500 26,000 (8.77) 25,000 (3.85) 7217 Small Tools & Equipment 7,429 6,234 6,696 6,500 (2.93) 6,500 0.00 7300 Advertising 79 0 1,500 1,000 (33.33) 1,000 0.00 7301 Subscriptions & Dues 1,937 880 1,762 1,700 (2.97) 1,700 0.00 7302 Travel & Subsistence 752 3,611 5,604 5,600 (0.07) 5,600 0.00 7303 Education & Training 105 2,507 5,604 5,600 (0.07) 5,600 0.00 7304 Equipment Rent 12,150 1,350 9,996 8,000 (19.97) 8,000 0.00 7307 GF Administrative Fee 239,611 245,122 261,004 258,849 3.13 262,991 1.60 7330 P.I.L.T. 106,155 103,606 108,660 110,660 1.84 108,669 (1.89) 7331 Reclass PILT to Transfer -Out (106,166) (103,606) (108,660) (110,660) 1.84 (108,569) (1,89) 7808 Bad Debt Expense 1,768 715 2,004 2,000 (0.20) 2,000 0.00 7810 Miscellaneous Expense 247 103 2,508 1,800 (28.23) 1,800 0.00 7900 Depreciation Expense 199,645 200,323 186,996 392,199 109.74 392,199 0.00 8012 Debt Service Interest Expense 25,826 24,098 23,700 21,697 (8.45) 19,669 (9.35) 8103 Capital Equipment 0 0 0 0 0.00 0 0.00 8104 Motor Pool Rent 4,500 0 0 5,000 0.00 5,000 0.00 8300 Debt Service Principal 129,658 131,182 133,152 135,147 _ 1.50 137,175 1.50 Total Non -Personnel Costs; $ 932,120 $ 901,620 $ 1,117,032 $ 1,313,392 $ 17.58 $ 1,317,734 $ 0.33 Total Expenditures $ 1,371,217 $ 1,320,969 $ 1,552,864 $ 1,680,558 $ 8.22 $ 1,687,993 $ D.44 O N 1v 0 ro 0 O_ rD X rD a M 1z 1r W w 00 cn 70 m rD n rD o' 3 0 1s v aj 3 ai ro Fs V rt 3 rD r-r S w 3 Y F-� 00 S rD Du rr S C1 SL (DD 0 1T M d LZ Q (D 0- NJ 0 F- PO m S m S N O a) p- C O En N a C cu iA LA 3 i11 LA CD o nn 2 ro a Lnro m n O rr r j n O rt ro -a O p} rD w 3 rD O n 0 n 0 a)m 0 3 3 M 0 r m 00 ro 0 0 In CDo r+ ro ro r W rn w a, w co w 4 o r w N w kO V Lrl 00 N) V 4�, Ln ih n i/F h w w w w �. V F — U7 V7 1— F- U1 Ln 3 N V v 3 1y r*o fD N N rt N 00 to Lo M LDD :"' �'' � Cl Ql r+ OD Ln C 01 Q1 rr W C La � CL NrF V C fD r%* In rt N N N b1 N 01 7 O O � r r V �I r+ 00 ? N I Ln Ol y_ 00 W 61 Ln ) SSUy hi LU 00 cri 00 00 ro G �hco U1 W Fi W 01 w W W� 00 I -a Ft n (M Lrito Ln 1 ~ W NJN � V v F� 00 1p LU O O N CD O No O W w N 3 w w o oNJ V V N O N 00 m an c m n_ LD m o Z Q 9 � to N 0 m CD M �. rri CD c v LA Z m Q c M CITY OF SEWARD WATER ENTERPRISE FUND Budgeted Interfund Transfers 2018 and 2019 2018 2019 Transfers- Transfers- Transfers- Transfers - In Out In Out General Fund: Federal and state lobbying $5,973 $5,973 Payments -in -Lieu -of -Tax 110,660 108,569 $0 $116,633 $0 $114,542