HomeMy WebLinkAboutRes1999-063
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 99-063
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE MOTOR POOL INTERNAL SERVICE FUND
BUDGET FOR THE SIX-MONTH PERIOD BEGINNING JULY 1, 1999
WHEREAS, on April 26, 1999 the City Manager submitted to the City Council a
proposed budget for the City of Seward for the six-month period from July 1 through December
31, 1999; and
WHEREAS, the six-month budget represents a short budget during the transition period
in which the City's fiscal year will change from a July 1 - June 30 fiscal year to a January 1 -
December 31 fiscal year, effective January 1, 2000;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Motor Pool Internal Service Fund budget for the six-month period beginning'
July 1, 1999 which is attached hereto and made a part hereof by reference and which cQntains
estimated revenues and expenses for the period July 1 - December 31, 1999, is HEREBY
ADOPTED.
Section 2. This resolution shall take effect July 1, 1999.
PASSED AND APPROVED by the City Council ofthe City of Seward, Alaska, this 24th day
of May, 1999.
THE CITY OF SEWARD, ALASKA
L~t c;;J)
CITY OF SEWARD, ALASKA
RESOLUTION NO. 99-063
AYES:
NOES:
ABSENT:
ABST AIN:
Blatchford, Callahan, Gage, King, Orr Shafer, Satin
None
None
None
ATTEST:
~~
Patrick Reilly
City Clerk
(City Sea~'III""
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MOTOR POOL INTERNAL SERVICE FUND
Statement of Revenues, Expenses
and Changes in Retained Earnings
. For Six-Month Budget Period Ending December 31,1999
Six-montb
FY97 FY98 FY99 Budget FY99-00
Actual Actual Budget 7/1-12/31/99 %Cbg
Operating revenues:
Vehicle Rentals 136,235 162,011 187,441 98,912 -47.2%
Total operating revenues: $136,235 $162,011 $187,441 $98,912 -47.2%
Operating expenses:
General & Administrative 0 0 0 0 0.0%
Total operating expenses: 0 0 0 0 0.0%
Operating income before depreciation 136,235 162,011 187,441 98,912 -47.2%
Depreciation 104,687 113,186 138,927 66,415 -52.2%
Operating Income (Loss) $31,548 548,825 548,514 $32,497 -33.0%
Non-operating revenues (expenses)
Interest income 9,364 15,307 5,000 7,000 100.0%
Interest expense (21,600) (24,305) (19,801 ) (8,223) 58.5%
Total non-operating revenues (expenses) ($12,236) ($8,998) ($14,801) (51,223) 91.7%
I Income (loss) before operating transfers 519,312 539,827 533,713 $31,274 -7.2%
Operating transfers (to) from other funds (9,865) 0 0 0 0.0%
Net income (loss) 59,447 539,827 533,713 531,274 -7.2%
Amortization of CIA 1,622 3,243 3,243 1,622 100.0%
Increase (decrease) in Retained Earnings $11,069 543,070 536,956 $32,896 -11.0%
Retained earnings at beginning of year $75,693 $86,762 5129,832 5208,788 60.8%
Record equity transfer from other fund as CIA 0 0 42,000 0 100.0%
Budgeted Retained earnings at end of year
Undesignated 86,762 129,832 208,788 241,684 15.8%
Total Retained Earnings 586,762 $129,832 $208,788 5241,684 15.8%
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CITY OF SEWARD
MOTOR POOL INTERNAL SERVICE FUND
Budgeted Statement of Cash Flow
For Six-Month Period Year Ending December 31, 1999
Six-month
FY99 Budget FY99-00
Budget 7/1-12/31/99 %Chg
. Cash is provided By (Used For):
Net Income/(Loss) $33,713 $31,274 -7.2% .
Residual equity transfers 42,000 (a) 0 100.0%
Add Expense Items Not Affecting Cash
Depreciation 138,927 66,415 -52.2%
Net Cash Provided By (Used For) Operations $214,640 $97,689 -54.5%
Other Uses of Cash
Debt Principal Payments (82,490) (42,923)(c) -48.0%
Capital Outlay (147,000)(b) 0 -100.0%
Net Increase (Decrease) in Cash ($14,850) $54,766 -468.8%
(a) $42,000 represents: $22,000 from the Harbor enterprise fund, $20,000 from Water/Sewer enterprise fund
(b) $147,000 represents:
Police department vehicle - $24,000; Water/Sewer enterprise fund - $20,000
Harbor enterprise fund; Two vehicles - $22,000 and $25,000
Electric enterprise fund; Two vehicles - $28,000 and $28,000
(c) $42,923 represents: Rescue & Pumper truck - $21,155; Motor Grader - $11,414; Sand Truck - $10,354