HomeMy WebLinkAboutRes2019-106 Sponsored by: Meszaros
Public Hearing#1: November 25, 2019
Public Hearing#2: December 9, 2019
CITY OF SEWARD,ALASKA
RESOLUTION 2019-106
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE SEWARD MOUNTAIN HAVEN
ENTERPRISE FUND OPERATING BIENNIAL 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.
- L NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD,ALASKA, that:
Section 1. The Seward Mountain Haven 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 expenditures 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`h
day of December.
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CITY OF SEWARD, ALASKA
RESOLUTION 2019-106
AYES: Seese, Butts, McClure, Osenga, Terry
NOES: Baclaan, Lane
ABSENT: None
ABSTAIN: None
ATTEST:
Brenda J. Ballo MMC
City Clerk
(City Se G>`
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SEWARD MOUNTAIN HAVEN ENTERPRISE FUND
Budgeted Statement of Revenues and Expenses
and Changes in Net Position
For 2020 and 202I
2018 2019 2020 2021
Actual * Budget Budget Budget
Revenues:
Interest earnings 43,430 0 40,000 40,000
LTC capital cost reimbursement 3,2I5,738 2,290,984 2,000,000 2,000,000
Total revenues $3,259,167 $2,290,984 $2,040,000 $2,040,000
Expenses:
Debt service interest and other costs 658,308 649,006 607,506 564,006
Depreciation I,584,87I 1,445,306 1,083,830 I,056,60I
Total expenses $2,243,179 $2,094,312 $1,691,336 $1,620,607
Excess(deficit)of revenues over expenditures 1,015,988 196,672 348,664 419,393
Operating transfers from other funds 0 163,924 I50,000 I50,000
Operating transfers to other fimds 0 0 0 0
Change in net position 1,015,988 360,596 498,664 569,393
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City of Seward
Seward Mountain Haven Enterprise Fund
2020/2021 Biennial Operating Budget
Revenue Detail by Line Item
10/31/2019
2016 2017 2018 2019 2019 2020 2019-20 2021
tevenues Actual Actual Actual Actual YTD Budget Budget %Chg Budget
9200 5810 SMH Patient Revenue for Capital 2,248,736 2,447,754 3,215,738 2,044,436 2,290,984 2,000,000 (12.70) 2,000,000
9200 5901 EF Investment Interest 810 9,968 43,430 52,015 0 40,000 0.00 40,000
9200 5941 Amort.Bond Premium 94,140 94,140 94,140 13,536 94,140 94,140 0.00 94,140
otal Revenues $2,343,686 $2,551,862 $3,353,308 $2,109,987 $2,385,124 $2,134,140 $ (10.52) $ 2,134,140
63
City of Seward
Seward Mountain Haven Enterprise Fund
2020/2021 Biennial Operating Budget
Expenditure Line Item by Fund
2016 2017 2018 2019 2019 2020 2019-20 2021
Personnel Costs: Actual Actual Actual Thru 9/30 Budget Budget %Cho Bud et
Non-Personnel Costs:
7006 Legal 5,573 0 0 0 0 0
7900 Depreciation Expense 1,656,103 1,634,025 1,584,871 1,216,732 1,445,306 1,083,830 (25.010) 1,056,6011
8011 Bonding Expense 101,775 0 0 0 0 0
8012 Debt Service Interest Expense 532,677 695,952 658,308 378,735 649,006 607,506 (6.39) 564,006
8013 Amortize Deferred Loss on 0 98,196 98,196 0 98,196
Bonds 98,196 0.00 98,196
8300 Debt Service Principal 1,090,000 910,000 945,000 830,000 830,000 870,000 4.82 910,000
Total Non-Personnel Costs: $ 3,386,128 $3,338,173 $3,286,375 $2,425,467 $3,022,508 $2,659,532
Total Expenditures $ 12.01 $2,628,803
$ 3,386,128 $3,338,173 $3,286,375 $2,425,467 $3,022,508 $2,659,532 $ (12.01) $2,628,803
64
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65
CITY OF SEWARD
SEWARD MOUNTAIN HAVEN ENTERPRISE FUND
Budgeted Interfund Transfers
Fiscal Year 2020 and 2021
2020 2021
Transfers- Transfers- Transfers- Transfers-
In Out In Out
From Hospital Enterprise Fund(a) 150,000 150,000 0
$150,000 $0 $150,000 $0
66