HomeMy WebLinkAbout09112023 City Council Laydown - Finance Laydown from Finance Department 9/11/2023
City of Seward,Alaska.
Central Treasury Report
8.31.23
The attached Central Treasury Report provides the unrestricted cash available by fund as of
August 31. 2023. The intent of this report is to provide transparent financial information to the
public. These amounts fluctuate on a daily basis and are reconciled every month; however, these
numbers are not audited. The amounts reports on the agenda statement items for the council
represent the available fund balance/net assets for the impacted funds. This is a longer-term
perspective that takes into account the assets and liabilities of the fund, which results in different
numbers than the Central Treasury Report. Any funds with negative cash on the Central Treasury
Report are either waiting for funding for expenses already paid or are in the proce."s of-'being
closed out, where the City is required to expend the funds prior to requesting reimbursement for
expenditures; negative cash for a fund does not represent a problem with operations. For
example, when the City conducts repairs following a major disaster declaration, it can take
multiple years before the City receives reimbursement from FEMA for its costs.
Funds in Negative balance:
• Fund 11113 Harbor CPVKPB —Res.2023-066 Funding for Seward City Tours Services.
The City will receive funds from CPV KPB
• Fund 11422 NE Harbor Launch Project City Funding—Res.2022-072 City spends
$1,573,162.80.
• Fund 11431 G, K& L Floats State Funding—Res.2021-113. The City will be reimbursed
from the State Grant.
Attached with this report is the fund balance report for funds that would be utilized for upcoming
resolutions.
If you have questions or require additional information, please feel free to contact acting finance
director Sully Jusino at (907)224-4059, or by e-mail at sjusino@cityofseward.net.
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Central Treasury Report,August 31,2023
Cash and Investments 2022 2023
Wells Fargo Checking 13,651,824.58 8,484,413.04
Clearing Account 0.00 0.00
Undeposited Funds(Cash in Transit) 4.010.72 56,726.49
Investments 42,918,250,48 43,653,140.88
56,574,085.78 52,194,280.41
By Fund:
Fund Name Fund Number
General Fund C1000 8,504,893.69 10,386,660.29
Teen Council Agency Fund 020M 6,083,05 6,155.27
Motor Pool Internal Service Fund 03000 2,409,670.12 2,134,514.16
Compensated Absences Fund 03100 465,144.79 500,180,86
Harbor Enterprise Fund 11000 1,514,500.12 998,854.81
Harbor MRRF Fund 11001 746,197.56 839,907.56
Harbor Passenger Fee Fund 11002 959,134.00 544,809.65
Harbor CPV State 11103 1,604,354.49 1,698,362,84
Harbor CPV KPB 11113 216,741.98 (852,239.02)
NE Harbor Launch Ramp Renovation Project-City 11422 624,690.33 (2,083.331
NE Harbor Launch Ramp Renovation Project-State 11423 0,00 0.00
G,K&L Floats City 11430 (1,170,208.58) 700,855.78
G,K&L Floats State 11431 139,083.99 (38,681.12)
Cathodic Protection Project 11440 13,679.80 13,679.80
SMIC Enterprise Fund 12000 292,550.17 383,123.40
Parking Enterprise Fund 130DO 541,364.20 805,701.36
Electric Enterprise Fund 15000 7,817,415.62 4,700,715.31
Electric MRRF Fund 15001 957,301.76 9S7,301.76
Transmission Line-City Funding 15310 0.00 0.00
Electric Critical Infrastructure Fund 15340 2,607,713.70 328,673.05
Electric Nash Road Infrastructure Project 15351 4,797,093.46 2,255,564.69
Water Enterprise Fund 17000 2,036,519.03 2,493,426.73
Water MRRF Fund 17001 852,572.15 852,572,15
Water ARPA Fund 17100 577,195,00 469,457.98
Lowell Canyon Water Storage Tank 17330 222,914.29 222,914.29
Wastewater Enterprise Fund 18000 2,481,272.39 2,754,858.42
Wastewater MRRF Fund 18001 742,025.05 742„025.05
Wastewater ARPA Fund 18100 577,195.00 476,620.91
Hospital Enterprise Fund 19100 748,612.38 442,496.89
Healthcare Facilities 19102 927,284.17 927,294.17
Seward Mountain Haven Enterprise Fund 19200 9,743,826,74 11,327,471.16
Seward Historical Tour 30016 349.00 349.00
SCHC-City Funding 30040 0.81 0.81
Bus Transportation-CPV Funds 30051 0.00 886,705,24
Erosion Fund 30070 2,150.00 2,150.00
Capital Acquisition Fund-City Funding 80010 1,391,673.44 559,544.44
Animal Shelter 80015 287,095.13 68,252.10
Streets&Sidewalks-City Funding 80020 74,554.09 74,554.09
Energy Efficiency-City Funding 80040 101,211.69 93,784.69
Developer Reimbursement Program 8W71 923,814.90 1,836,748.04
ARPA-LG LRR 80084 1,806,416.27 1,642,706,65
JLH-City Funding 80090 40,000.00 0.00
Japanese Creek Flod Mitigation-City Funding 80117 0.00 58,310.58
Total Pooled Cash and Investments by Fund 56,574,OBS.78 52,194,280.41
Note:
'The above is the pooled cash balance of each fund,which simply represents the amount of available cash held by each fund_This differs from the fund balance in that the
fund balance also considers the fund's current assets and liabilities.
Prepared by Finance