HomeMy WebLinkAboutRes1996-066
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Sponsored by: Garzini
CITY OF SEWARD, ALASKA
RESOLUTION NO. 96-066
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, ADOPTING THE WATER AND SEWER ENTERPRISE
FUND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 1996
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The city Water and Sewer Enterprise Fund budget for the fiscal year beginning
July 1, 1996, which is attached hereto and made a part hereof by reference, and which contains
estimated Water and Sewer Enterprise Fund revenues and expenditures for Fiscal Year 1997, is
HEREBY ADOPTED.
Section 2. The Water and Sewer Enterprise Fund shall be charged interest on debt owed to
General Fund at a rate equal to and adjusted monthly in accordance with the rate set forth in the
Bond Buyer Index for Twenty Year General Obligation Bonds.
Section 3. This resolution shall take effect July 1, 1996.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, this 28th day of May, 1996.
THE CITY OF SEWARD, ALASKA
AYES:
NOES:
ABSENT:
ABSTAIN:
Anderson, Bencardino, Crane,Keil, King, Sieminski
None
Deeter
None
ATTEST:
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WATER/SEWER ENTERPRISE FUND
STATEMENT OF REVENUES AND EXPENSES
AND CHANGES IN RETAINED EARNINGS
FY97 Budget and FY98 Preliminary Budget
FY95
FY96
FY96
FY97
FY96-97
FY98
FY97-98
Actual Thru 01/96 Bud".. Bud".. %Ch...... Bud".t % Ch""".
Operatitu! revenues:
Sales:
Residential 551,004 366,216 559,970 568,016 1.4% 568,716 0.1%
Small General Servi... 117 034 87,906 138,000 134 000 -2.9% 136,000 !.S%
Larae General Servi... 228,881 159,588 233,346 238,654 2.3% 241,654 1.3%
SM1C Power Sales 112,245 72,753 116,514 119,525 2.6% 120,525 0.8%
Industrial Sales 130,480 82,945 169,012 145,000 -14.2% 145000 0.0%
Miscellaneous 155,257 42,333 86,800 53,000 -38.9% 55,400 4.5%
Charaes for Services 0 62,850 0 70,000 100.()O~ 70,000 0.0%
Total oDerat1n2 revenues: 1,294 901 874.591 1.303 642 1,328,195 1.9% 1,337,295 0,7%
ODerat1n2 e:lpenoes:
Before depreciation:
Salaries 147,977 104,075 154,357 156,056 1.1% 160,583 2.9%
EmDlovcc benefits 55,390 34,318 59,248 57,454 -3.0% 57,600 0.3%
Purchased services 248,418 153,574 239,925 257,130 7.2% 267,975 4.2%
Supplies &; Maintcnan... 53,178 63,020 89,765 77,974 -13.1% 81,881 5.0%
General &; Administrative 393 703 224 864 349231 351115 0.5% 352218 0.3%
Total ODerat1n2 Expenses: 898,666 579 851 892,526 899,729 0.8% 920,257 :1.3"/.
ODeratln2lncome before deDreciation 396,235 294 740 411.116 428,466 4.2% 417,038 -2.7%
DeoreciatiOD 355,627 297,333 446,000 406,022 -9.0% 382,466 -5.8%
ODeratitu! Income (Loss) 40,608 (1,593 /34,884 22,444 -164.3"/. 34 572 54.0"/.
Non-i>Derat1n2 revenues (e:lDenses)
Interest income 988 11,851 1,000 10,150 915.0% 10,150 0.0%
Interest exoense (63,198 /42,163 (51,481 (41,703 -19.0% (40,142 -3.7%
Loss on disposal of fixed assets (128,978 (23,496 0 0 0.0% 0 0.0%
Total non-operatinr; revenues (expen (191,188 C 53,808 (50,481 m,553 -37.5% (19,992 -4.9%
Income (Joss) before operating trans (150,580 (56,401 (85,365 (9,109 -89.3% 4,580 -150.3"/.
Operating transfers to (from) other funds 0 0 0 0 0.0% 0 0.0%
Net blcome (loss) (150,580 (56,401 (85,36s (9,109 -89.3% 4,580 -150.3%
Amortization of contributions in aid 360,798 284,150 426,225 372,913 -12.5% 372,909 .{l.0%
Increase ffiecrease) bl Retained Earnln 210,218 227.749 340 860 363 804 6.7% 377 489 3.8%
R.tained earnlnl[ll at June J() 1,661,827 1,872,045 1,872,045 2,212,905 18.2"/. 2,576,709 16.4%
Residual equity traMfers to other Cund. 0 0 0 0 0.0% 0 0.0%
Retained earnlnl[ll at June 30
Undesil!nated 1,872,045 2,099,794 2,212,905 2,576,709 2,954,198
Total Retabled Earnings 1,872,045 2,099,794 2,212,905 2,576,709 16.4"/. 2,954,198 14.7"/.
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CITY OF SEWARD
WATER/SEWER ENTERPRISE FUND
STATEMENT OF CASH FLOW
FY97 Budget and FY98 Preliminary Budget
FY96 FY97 FY96-97 FY98 FY97 -98
Budget Budget % Change Budget % Change
837.2./. 4,580
Cash
-9.8% 382,466
360,635 396,913 9.1% 387,046
ents 142,140 -74.6% 37,557
11,974 98.9% 24,318
!Net Increase (Decrease) in Cash 206,5211 337,0391 63.2%1 325,1711 -3.5"1.1
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