HomeMy WebLinkAboutRes1999-158
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CITY OF SEWARD, ALASKA
RESOLUTION 99-158
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, ADOPTING THE WATER AND SEWER ENTERPRISE FUND
BUDGET FOR CALENDAR YEAR 2000
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The Water and Sewer Enterprise Fund budget for Calendar Year 2000 which is
attached hereto and made a part hereof by reference and which contains estimated revenues and
expenses for the period January 1 - December 31, 2000, is HEREBY ADOPTED.
Section 2. This resolution shall take effect January 1, 2000.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 22nd
day of November, 1999.
THE CITY OF SEWARD, ALASKA
~. 1~&1--1 '
Edgar Blatchford, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Brossow, Calhoon, Clark, Off, Shafer
None
King
None
ATTEST:
Patrick Reilly
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(City sJA~(i.~""'foPOA~':~<) ~
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WATER/SEWER ENTERPRISE FUND
Statement of Revenues and Expenses
and Changes in Retained Earnings
F or Period Ending December 31, 2000
FY98
Actual
Operating revenues:
Assessments
Residential
Small General Service
Large General Service
SMIC Power Sales
Industrial Sales
Miscellaneous
Charges for Services
Total operating revenues:
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572,299
134,903
244,356
136,870
122,429
77,889
_143,780~
$1,432,526
Operating expenses before depreciation:
Salaries
Employee benefits
Purchased services
Supplies & Maintenance
General & Administrative
Total Operating Expenses:
171,086
50,085
269,602
91,803
~<!3 ,8!<L
$886,386
Operating income before depreciation
Depreciation
Operating Income (Loss)
546,140
383,872
$162,26Jl
Non-operating revenues (expenses)
Interest income
Interest expense
Loss on disposal of fixed assets
Total non-operating revenues (expenses)
64,609
(36,338)
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$28,271
Income (loss) before operating transfers
Operating transfers (to) from other funds
$190,539
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Net income (loss)
Amortization of contributions in aid
$190,539
_ 372,9~
Increase (Decrease) in Retained Earnings
$563,447
Retained earnings at beginning of year
Residual equity transfers
$2,452,415
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Retained earnings at end of year
Designated for Water MRRF
Designated for Sewer MRRF
WaterlSewer Undesignated
Total Retained Earnings
25,000
25,000
2,965,862
~,9~62
'" Unaudited
FY99
Actual *
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571,985
130,944
263,815
112,421
128,166
68,123
_ 79,716
$1,355,170
161,135
55,049
235,113
79,465
280,792
$811 ,554
Six-month
Budget
711-12/31/99
- -.--
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287,900
66,800
129,050
57,000
70,000
25,250
75,000
$711,000
90,038
33,473
146,325
63,025
___185,85l
$518,714
543,616 192,286
375,474 _232,5z<L
$168,142_ _ ~40,2842
68,449
(34,841)
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233,608_
$201,750
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$201,750
292,718
$494,468
$3,015,863
(20,000)
75,000
58,493
3,356,838
~~490,331.
19,000
(34,292)
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-..-..-
_ .-1$15~92)
($55,576)
(76,840)
FYOO
]Judge!
9,072
571,000
130,000
264,000
115,000
129,000
67,200
~OO~
$1,360,272
169,983
68,787
307,217
138,345
341,701
$1,026,033
334,239
367,503
($33,2641
41,500
(32,604 )
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$8,-896_
FY99-00
~.Cl1g
100.0%
-0.2%
-0.7%
0.1%
2.3%
0.7%
-1.4%
-5.9%
0.4%
5.5%
25.0%
30.7%
74.1%
21.7%
26.4%
-38.5%
-2.1%
-119.8%
----
-39.4%
-6.4%
0.0%
----
-73.5%
($24,368) -112.1 %
(76,8401 _-100.00/"-
($132,416) ($101,208) -150.2%
~86,~4 _ ~92218_ -100.0%
$54,038
$3,385,788
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100,000
83,493
3,256,3}3
_ _~1'Ul26
$191,510
3,439,826
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43,172
83,609
3"504,555
~3~1~6
-61.3%
14.1%
100.0%
-42.4%
42.9%
4.4%
4.(!%
CITY OF SEWARD
W ATER/SEWER ENTERPRISE FUND
Budgeted Statement of Cash Flow
F or Period Ending December 31, 2000
Six-month
Budget
7/1-12/31/99
FYOO
Budget
Cash is provided By (Used For):
Net Income/(Loss)
($132,416)
($101,208)
Add Expense Items Not Affecting Cash
Depreciation
367,503
232,570
FY99-00
%Chg
23.6%
58.0%
Net Cash Provided By (Used For) Operations $100,154 $266,295 165.9%
Other Uses of Cash
Debt Principal Payments 39,012 (a) 40,636 (e) 4.2%
Capital Outlay 18,000Jb) 357,250 (d) 1884.7%
Net Increase (Decrease) in Cash $43,142 _~131,591) 405.0%
(a) $39,012 represents: Dairy Hill sewer loan principal- $1,312: Lowell Point sewer lagoon loan principal- $37,700
(b) $18,000 represents: Equipment - $18,000
(c) $40,636 represents: Dairy Hill sewer loan principal - $1,312; Lowell Point sewer lagoon loan principal - $39,324
(d) $357.250 represents: Equipment - $27,250; Capital Budget - $330,000 (partial from cash surplus $173,131.
from Water MRRF - $106,985, and from Sewer MRRF - $49.884)
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CITY OF SEWARD
WATER AND SEWER ENTERPRISE FUND
Operating and Residual Equity Transfer Budget
Fiscal Year 2000
Six-Month
~udget __
FYOO
_Budget __
Operating Transfers from Other Funds
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Operating Transfers (to) Other Funds
___Q6,84Q2 (a) _
(76,8-19)
Residual Equity Transfers-In (Out)
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Net Transfers-In (Out)
($76,~~
= .~ ($76>!l_4ill
(a) The City Council elected to have the Water & Sewer Enterprise Fund begin repaying $1,603,350 to
the General Fund for debt that was written off by the General Fund in FY90. The intention was that in the
six-month budget, $76,840 would be paid directly to the General Fund, but in subsequent budget years, the
Water & Sewer Fund would pay the Capital Acquisition Fund so that these monies would not be used to fund
ongoing General Fund operating costs.