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10/16/22 2022 Electric Infrastructure Project - Funding Proposal
Date Description Amount Balance
GRAND TOTAL Infrastructure Project Cost:Phases 1- 4,excl Harbor/Cruise Ship Phase: 17,298,145
Updated 8/25/22 by Electric Dept
FUNDING SOURCES:
4/14/2022 BANK OF NEW YORK MELLON TRUST CO
2022 Electric Bond. AMBB GO 22- one Seward Electric. From BNY 8,953,000
Mellon Corp. (NET of Reserve& Interest)
6/30/2022 To close old(2013) Fund from Transmition Line Project City Funding . 566,136
2021 Pending A/R receipt pending for KPB ARPA Grant 2021 577,000
Action Appropriate MRRF to Infrastructure Project 957,302
Action Repayment of Loan to SMIC for prior losses by G.F. * 1,053,000
* Payments of$335,000 from GF for 3-years
Amount needed from Electric Enterprise Fund: ** 5,191,708
** as of 12/31/21 Unrestricted Cash+ Prior Appropriations @ $6.5mm
TOTAL AMOUNT OF FUNDS AVAILABLE for FUNDING PROJECT: 17,298,146
12/31/21 estimated remaining Enterprise Fund Balance: 1,308,292