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HomeMy WebLinkAboutRes2019-100 Sponsored by: Meszaros Public Hearing#1: November 25,2019 Public Hearing#2: December 9, 2019 CITY OF SEWARD,ALASKA RESOLUTION 2019-100 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE HARBOR ENTERPRISE FUND BIENNIAL OPERATING BUDGET FOR CALENDAR YEARS 2020 AND 2021 WHEREAS, the City Manager has submitted to the City Council a proposed biennial budget for the City of Seward for Calendar Years 2020 and 2021; and WHEREAS, the preliminary biennial budget was reviewed by the City Council in budget work sessions on October 15, October 16, October 25 & November 8, 2019, which were televised to the public; and WHEREAS, a public hearing is scheduled on the proposed budget for November 25, 2019,and a second public hearing and final adoption is scheduled for December 9,2019; and WHEREAS, the 2020 budget includes a rate increase of 1.2% to all rates which are adjusted according to the five-year average CPI within the Harbor Tariff, and a rate increase of 1.2% for 2021 for those same rates, representing the five-year average CPI. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD,ALASKA, that: Section 1. The Harbor Enterprise Fund biennial budget for Calendar Years 2020 and 2021, which is attached hereto and made a part hereof by reference and which contains estimated revenues and expenses for the period January 1, 2020 - December 31, 2021, 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 9' day of December. T T OF EWARD ty Terry, ayor CITY OF SEWARD, ALASKA RESOLUTION 2019-100 AYES: Seese, Butts, McClure, Osenga, Terry NOES: Baclaan, Lane ABSENT: None ABSTAIN: None ATTEST: renda J. Bal o M City Clerk (City Seal) o<eafiras ,� ads' ♦ e • : s a • • �py� •• G, _A F^•0 BOAT HARBOR ENTERPRISE FUND Budgeted Statement of Revenues and Expenses and Change in Net Position For Fiscal Year 2020 and 202I 20I8 20I9 2020 202I Actual Budget Budget Budget Operating revenue: Moorage I,765,856 I,730,000 I,750,000 I,746,000 Wharfage 77,252 48,000 48,000 48,500 Boat Lift Fees I00jS8 117,000 117,000 117,000 Power Sales 380,504 373,000 377,000 377,000 Passenger Transit Fee 564,I07 625,000 570,000 570,000 Launch Fees 40,963 54,250 54,250 50,500 Rents and Leases 395,097 364,7I5 335,744 335,743 Miscellaneous 7I,259 48,200 55,700 48,500 Total operating revenue $3,395,I96 $3,360,I65 $3,307,694 $3,293,243 Operating expense before depreciation: Salaries&Benefits I,070,689 I,I7I,064 I,334,998 I,347,922 Purchased Services 354,583 406,680 434,082 420,374 Power for Resale 262,389 307,000 3I0,000 307,000 Supplies and Maintenance 90,0I2 I45,500 I46,500 I52,350 General and Administrative 250,I I5 276,076 26I,064 282,232 Total operating expense: $2,027,788 $2,306,320 $2,486,644 $2,509,878 Operating income before depreciation I,367,408 I,053,845 82I,050 783,365 Depreciation I,790,078 I,4I8,309 2,376,678 2,368,893 Operating loss -$422,670 -$364,464 -$I,555,628 -$I,585,528 Non-operating revenue(expense) Interest,grants&other income 56,349 3I,200 3I,000 37,200 Interest& other expense -I9812I4 -208,093 458,468 434,I I6 Total non-operating revenue(expense) -I4I,865 -176,893 -I27,468 -96,9I6 Income(loss)before transfers -$564,535 -$54I,357 -$I,683,096 -$I,682,444 Transfers in 0 0 0 0 Capital contributions and special items 32,I6I 0 0 0 Transfers out -676,302 -389,370 -378,028 -376,792 Change in net position -$I,208,676 -$930,727 -$2,06I,I24 -$2,059,236 Beginning net position 37,527,27I 36,3I8,595 35,387,868 33,326,744 Ending net position $36,3I8,595 # $35,387,868 $33,3269744 $3I,267,508 * Ties to annual Comprehensive Annual Financial Report Of total depreciation expense,the following amounts were attributable to capital assets funded with capital contributions: (a) $I.I Million or 64%;(b) $974,557 or 69%,(c) $967554 or 4I%,( d) $974,557 or 42% 30 City of Seward Harbor Enterprise Fund 2020/2021 Biennial Operating Budget Revenue Detail by Line Item 10/31/2019 2016 2017 2018 2019 2019 2020 2019-20 2021 Actual Actual Actual Actual YTD Budget Budget %Chg Budget tevenues 1000 5000 Land Rents&Leases 388,020 397,253 395,097 391,088 394,715 398,990 1.08 398,990 1000 5001 Land Lease Credits l62,000) (28,816) 0 0 (30,000) (63,246) 110.82 (63,247i 1000 5100 Transient Moorage 566,895 596,005 624,516 485,628 580,000 587,000 1.21 586,000 10005101 Moorage 1,061,157 1,106,922 1,141,340 616,357 1,150,000 1,163,000 1.13 1,160,000 1000 5102 Wharfage 28,216 34,176 77,252 1,087 48,000 48,000 0.00 48,500 1000 5103 Boat Lift Fees 92,660 93,983 100,158 77,484 117,000 117,000 0.00 117,000 1000 5105 Harbor Power Sales 361,865 432,786 380,504 309,841 373,000 377,000 1.07 377,000 1000 5150 Shower Fees 15,833 17,318 14,909 14,321 12,000 12,000 0.00 12,000 1000 5153 Fuel Pumping Fee 23,115 39,826 37,714 13,721 21,000 28,000 33.33 21,000 1000 5154 Waiting List Fees 9,009 7,685 8,285 8,694 7,500 7,500 0.00 7,500 1000 5155 Towing Fees 893 1,654 1,365 683 900 900 0.00 900 1000 5156 Pumping Boats 126 315 189 126 300 300 0.00 300 1000 5157 North Harbor Launch Fee 28,130 32,521 30,893 4,608 33,750 33,750 0.00 30,000 1000 5158 South Harbor Launch Fee 18,428 19,182 10,070 1,776 20,500 20,500 0.00 20,500 1000 5800 Labor&Services 3,831 4,911 8,258 3,497 5,500 5,500 0.00 5,300 1000-5890 Collection of Doubtful Accounts 5,597 419 400 910 1,200 1,000 (16.67) 1,200 1000 5899 Miscellaneous Revenue 25,177 868 539 1,454 1,000 1,500 50.00 1,500 1000 5900 EF Interest Revenue 0 0 0 0 0 0 0.00 0 1000 5901 EF Investment Interest 3,634 25,895 51,697 75,031 20,000 20,000 0.00 20,000 1000 5905 EF Penalties and Interest 11,713 15,865 16,448 12,647 10,000 10,000 0.00 16,000 1000 5910 Gain on Sale of Fixed Assets 0 11,642 0 0 0 0 0.00 0 1000 5919 Contra PIERS On-behalf paid by SOA (1,605) 3,335 0 0 0 0 0.00 0 1000 5920 PERS On-behalf paid by SOA 25,884 19,488 (12,196) 0 0 0 0.00 0 1000 5940 Amortization of Contributions-in-Aid 1,064,165 1,148,929 1,136,677 812,132 974,557 967,554 (0.72) 974,557 1000 5941 Amortization of Bond Premiums 43,172 58,257 58,257 0 43,172 58,257 34.94 58,257 otal Revenues $ 3,713,915 $4,040,419 $4,082,372 $2,831,085 $ 3,784,094 $ 3,794,505 $ 0.28 $ 3,793,257 31 City of Seward Harbor Enterprise Fund 2020/2021 Biennial Operating Budget Expenditure Line Item by Fund 2016 2017 2018 2019 2019 2020 2019-20 2021 Actual Actual Actual Thru 9130 Budget Budget %Chg Budget Personnel Costs: 6000 Salaries 486,212 501,845 498,091 398,758 541,318 609,527 12.60 559,134 6001Overtime 21,628 33,027 28,176 16,799 40,893 50,116 22.55 40,103 6002 Standby Time 13,909 13,016 13,182 11,996 11,686 12,185 4.27 12,416 6100 Medicare 9,207 10,055 9,449 7,409 9,993 11,696 17.04 10,801 6101 Unemployment Insurance 16,163 33 1,532 4,126 500 5,000 900.00 4,000 6102 Workers'Compensation 45,634 47,497 36,955 28,130 37,600 40,554 7.86 40,617 6200 Leave Time 57,222 39,976 58,257 53,359 60,934 67,122 10.16 63,551 6201 Retirement Benefits 387,687 71,971 153,005 97,586 144,543 162,629 12.51 149,198 6202 Health Insurance 259,991 293,121 280,688 253,601 323,597 346,491 7.07 340,103 6209 PERS DC Forfeitures 0 0 (8,646; (4,293) 0 0 0.00 0 Total Personnel Costs: $ 1,297,653 $ 1,010,541 $ 1,070,689 $ 867,471 $ 1,171,064 $ 1,305,320 $ 11.46 $ 1,219,923 Non-Personnel Costs: 7001 Communications 10,892 14,843 12,748 11,917 11,500 13,020 13.22 13,260 7002 Postage and Freight 4,831 3,667 4,985 3,132 8,500 9,600 12.94 9,690 7003 Bank and Credit Card Fees 51,679 58,57-6 62,834 56,883 68,460 66,000 (3,59) 69,480 7004Insurance 86,376 86,042 93,052 100,860 82,700 83,756 1.28 83,946 7006 Legal 581 581 2,327 3,387 10,000 10,000 0.00 10,200 7008 CY Legal Recovery 0 0 r882t 0 0 0 0.00 0 7009 Contracted Services 51,185 59,669 55,902 49,632 96,400 115,246 19.55 96,206 7011 Testing 1,439 1,808 719 823 1,300 1,320 1.54 1,320 7015 Utilities 122,595 117,184 113,959 80,923 117,820 124,940 6.04 126,072 7016 Heating Fuel 6,707 5,269 8,939 5,512 10,000 10,200 2.00 10,200 7100 General Power for Resale 260,390 326,720 262,389 198,777 307,000 310,000 0.98 307,000 7210 Vehicle Supplies 0 0 0 119 0 0 0.00 0 7211 Gas&Lube 11,005 13,164 14,778 10,761 22,500 15,500 (31.11) 18,870 7212 Uniform Allowance 0 55 1,075 1,038 0 1,000 0.00 1,000 7213 Safety Equipment 8,578 6,625 6,312 7,209 7,500 6,500 (13.33) 7,650 7214 Janitorial Supplies 7,876 11,199 8,867 8,833 10,000 14,000 40.00 11,220 7215 Operating Supplies 25,109 19,292 14,970 17,602 36,000 33,000 (8.33) 36,720 7216 Maintenance&Repair 39,152 39,813 37,690 29,630 52,000 53,500 2,88 53,040 7217 Small Tools&Equipment 11,072 11,443 6,321 15,762 17,500 23,000 31.43 23,850 7300 Advertising 2,137 6,838 2,891 1,581 5,500 5,000 (9.09) 5,100 7301 Subscriptions&Dues 1,413 507 1,229 659 1,500 1,800 20.00 1,530 7302 Travel&Subsistence 9,204 13,778 9,138 11,694 10,000 11,500 15.00 10,200 7303 Education&Training 2,939 2,409 688 1,204 4,000 2,500 (37.50) 4,080 7304 Equipment Rent 1,780 1,780 1,330 0 2,000 2,000 0.00 2,040 7321 Harbor General Indirect Costs 424,384 479,381 468,251 368,614 442,336 508,136 14.88 517,800 7322 Harbor Admin Indirect Costs 269,238 391,918 460,338 426,798 465,598 618,179 32.77 496,381 7324 Gen Fund Indirect Costs 340,606 348,780 359,680 304,529 365,435 369,821 1.20 374,258 7325 Harbor Internal Cost Allocation (805,942) (938,962) (1,058,334) (906,549) (1,034,793) (1,268,372) 22,57 (1,142,727) 7330 P.I.L.T. 176,827 191,085 194,879 112,288 189,092 192,156 1.62 191,000 7331 Reclass PILT to Transfer-Out (176,827) (191,085) (194,879) (112,288) (189,092) (192,156) 1.62 (191,000) 7808 Bad Debt Expense 10,378 5,750 3,889 0 12,000 7,000 (41.67) 10,000 7810 Miscellaneous Expense 1,936 618 1,015 532 2,500 3,500 40.00 3,570 7900 Depreciation Expense 1,853,141 1,805,600 1,790,077 1,183,662 1,418,309 2,376,678 67.57 2,368,893 8011 Bonding Expense 50,593 0 0 0 0 0 0.00 0 8012 Debt Service Interest Expense 225,623 189,967 174,647 109,678 208,093 134,900 (35,17) 110,550 8013 Amortize Deferred Loss on 0 23,567 23,567 0 0 23,568 0.00 23,566 Bonds 8103 Capital Equipment 0 0 3,444 3,785 0 0 0.00 0 8104 Motor Pool Rent 0 0 64,000 53,333 64,000 64,000 0.00 64,000 8300 Debt Service Principal 497,698 480,000 490,000 300,000 531,187 530,000 (0.22) 560,000 Total Non-Personnel Costs: $ 3,584,595 $3,587,881 $ 3,502,835 $ 2,462,320 $3,356,845 $4,280,792 $ 27.52 $ 4,288,965 Total Expenditures $ 4,882,248 $4,598,422 $ 4,573,524 $3,329,791 $4,527,909 $5,586,112 $ 23.37 $5,508,888 32 m D D N DD ONN O O O m O O � 3 3 N 3 3 D N N � p N 0 0 A A Ol p In 0 0 A A a) 0, w rrv�-t d (D (D M r v N O O CD CD N O O N N N *. 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