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HomeMy WebLinkAboutRes1991-058 . . Sponsored by: Schaefermever CITY OF SEWARD, ALASKA RESOLUTION NO. 91-058 OF A RESOLUTION OF THE CITY COUNCIL OF THE CITY SEWARD, ALASKA, ADOPTING THE ELECTRIC FUND ENTERPRISE BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 1991 NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: section 1. The city Electric Fund Enterprise budget for the fiscal year beginning July 1, 1991, which is attached hereto and made a part hereof by reference, and which contains estimated Electric Fund revenues and expenditures for Fiscal Year 1992, is HEREBY ADOPTED. section 2. The Electric Enterprise Fund shall be charged interest on debt owed to the 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 on July 1, 1991. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, this 28th day of May, 1991. THE CITY OF SEWARD, ALASKA Ch~~'fd~ DAVID L. HILTON, SR., MAYOR AYES: Burgess, Dunham, Krasnansky, Meehan, Sieminski, Simutis, Hilton None None None NOES: ABSENT: ABSTAIN: ATTEST: APPROVED AS TO FORM: PERKINS COIE, Attorneys for the city of Seward, Alaska ?~W~ Fred B. Arvidson (City Seal) . . . CITY OF SEWARD ELECTRIC FUND Statement of Revenues, Expenses and Changes in Retained Earnings (Deficit) For Budget Year Ending June 30, 1992 1989 1991 1990 Y-T-D 1991 1992 % Change Revi<ied Manager From 1991 Actual Actual (9 Months) Bud2et Recom. Rev. Budg. Operatlnlt Revenues: Salea: Residential $1329.284 $1396190 $1,071,781 $1.433.917 $1.505613 5,00% Small General Service 937771 1 047 715 809,543 1.067.656 1121 039 5.00% Large General Service 1 717 029 1 802544 l;3n,727 1.711.712 1 7g] 297 5,00% Special Power Sales 261.253 270,378 197,236 286.761 301.D99 5.00% Miscellaneous 98914 116.602 54,607 184575 186 422 1.00% Total ouerating re'I/Cnues 4.344.251 4 633 429 3 510 894 4.684.621 4 911 470 4.84% Operatinr: EJ[J>elloea: Before depreciation: Salaries 308.689 411,990 350,610 519569 565,055 8.75% Employee Benefits 85 173 114,098 68,967 123953 115475 -6,84% Power 1326 796 1 482533 1,143,108 1.618739 1 688 925 4.34% Supplies & Maintenance 118.684 188 167 90,495 98550 185386 88,11 % Administration & General 899979 984581 828,659 1.115.438 1132 865 1.56% Total before depreciation 2739321 3 181369 2,481,839 3.476.249 3 687 706 6.08% Operatinr: income before depreciation 1.604 930 1 452 060 1029055 1.208372 1 223 764 1.27% Depreciation 956,763 925,111 698,053 915,270 936,419 2.31% Operating Income (Loss) 648,167 526,949 331,002 293,102 287;345 -1.96% Non-OperatingRevenuea(E~enoea) Interest Income 2,557 30,674 48,066 35,820 52,800 47.40% Interest Expense (563,295 (506,823 (445,332 (479,557 (461,878 -3.69% Other 189 (6,802 (1,000 (3,000 200.00% Total non-oueratinll rev,(exp,) (560,549 (476,149 (404,068 (444,737 (412,078 -734% Income (loss) before operatinlt Ira 87.618 50 800 (73,066 (151 635 (124 733 -17.74% Operating Transfers to Other Funds (21000 100.00% Net income (loss) 87,618 50.800 (73 066 (151.635 (145 733 -3.89% Amortization of contributions in aid 435.823 433,293 332027 433,291 449370 3,71% Increase(Decrease)in Retained Barnin 523.441 484 093 258961 281 656 303 637 7.80% Retained earninr:s at ber:inninr: ofvear 165.654 689.095 1,173,188 1173 188 1.448 042 23.43% Retained earning at end of year 689.095 1173 188 1 432,149 1 454 844 1 751,679 20.40% . I. . ELECTRIC FUND STATEMENT OF CASH FLOWS 1991 1990 Y-T-D 1991 1992 Revi<led Manager Actual '9 Months) Budl!et Recom. Cash il Provided By (Used For): Net Income/(Loss) $50802 ($73,066 ($151 635 ($145733) Add Exnense Items Not Affectinl! Cash Depreciation 925 111 698 053 915,270 936419 Net Cash Provided Bv (Used For) Operations $975.913 $624 987 $763 635 $790,686 Other Uses of Cash DebtPrincipaIPa~en~ 277 124 291.883 361,246 324,958 Equipment Purchases n,T27 61 247 151.000 5.000 Capital Improvement Plan 295.000 Other Sources of Cash Increase in Capital Lease Net Increase (Decrease) in Cash $626,562 $271,857 $251,389 $165,728 . . . ELECTRIC FUND 1991 1990 Y-T-D 1991 1992 ~Change Revi<led Manager From 1991 1989 Dent GL Account Name Actual Actual (9 Months) Budl!et Recom. Rev. Budl!et REVENUE Power Sales 4810 0110 Residential 1.329,284 1.396,190 1,071 781 1 433 917 1,505,613 5.00% Small General Servia 4820 0110 Commercial 597424 716576 527,355 732952 721.865 -1.51 % 4820 0130 Government 170,080 169545 182172 216,650 258381 19.26% 4820 0140 Citv 170,267 161,594 100,016 118.054 140793 19.26% Total Small G.S. 937.771 1,047,715 809,543 1 067 656 1,121,039 5,00% Larl!e General Servia 4830 0110 Commercial 651,791 769,434 528,656 659740 696.111 5.51% 4830 0130 Government 801,970 829,527 641,279 799045 836.426 4,68% 4830 0140 Citv 185,549 114,211 145,591 177550 185,856 4.68% 4850 0150 Harbor 77 719 89.372 62,201 75377 78.904 4,68% Total LafJ!:e G.S. 1717029 1,802,544 1.377,727 1 711 712 1 7m ,297 5.00% 4850 0180 Soecial Contract 217,020 225,857 163 048 237,761 249.649 5.00% 4850 0160 Street Lil!htinl! 30,788 31.246 23 895 32 000 33,600 5.00% 4850 0170 Yard Lights 13,445 13,275 10,293 17,000 17,850 5.00% Total Power Sale~ 4,245.337 4,516,827 3,456,287 4,500,046 4,725,048 5.00% Other Income From Ooerations 4880 0420 Turn On Fees 28,750 34,625 16,735 31,000 32,550 5.00% 4780 0430 Work Orders 37,'lA7 37.325 3,188 112,575 118,204 5.00% 4610 0120 Penalties 684 211 500 500 0.00% 4880 0490 Misc Service 25 1,473 100 100,00% 4880 0470 Equipment Rental 32,208 28,255 6,075 30,000 9,568 -68.11 % 4880 0480 Joint Pole Use 9,428 9.378 10 000 10.500 5,00% Total Other Ooer 98914 111,317 35.376 184075 171.422 -6Jr7% Total Oper. Incom( 4344 251 4628,144 3 491,663 4 684 121 4,896,470 4.53% Other Income 4610 0010 Interest - Investments 1,790 30 463 48,066 35.820 52 800 47.40% 4610 0510 Interest - Work Orders 767 48 4640 0100 Sale Of Assets 4670 0200 Transfer From Other Fl rid 4690 0600 Collectn Doubtful Acct 126 4690 0300 Amortization Of CIA 435,824 433,293 332,027 433,291 449,370 3.71% 4680 0900 Other Misc Revenue 170 5450 19 105 500 15 000 2900.00% Total Other Incom( 438.551 469,254 399.324 469.611 517170 10.13% Total Revenu( $4 782 802 $5,097.398 $3 890 987 $5.153,732 $5.413 640 5.04% . . . ELECTRIC FUND 1991 1990 Y-T-D 1991 1992 ~Change Revi<led Manager From 1991 1989 DeDt GL Account Name Actual Actual (9 Months) Budl!et Recom. Rev. Budl!et Summary of Non-Administration Salaries 5100 5010 Wal!:es 89.871 208.354 207.508 270.300 298.822 1055~ 5100 5020 Overtime 71.708 59.758 52.669 90.115 90.115 O.OO~ 5100 5040 Leave Time 29517 34 871 22851 32751 36 590 11.72~ 5100 5050 In Lieu Of Fica 7345 3786 2900 3950 3950 O_OO~ 5100 5060 Retirement 36128 11.214 27 116 37 986 37 438 -1.44~ 5100 5070 Health Insurance 14001 50 &>3 19 930 24370 24370 o.OO~ 5100 5080 Worker's ComD 3613 16 457 12513 15 746 16 439 4.40~ 5100 5090 MedicarelFica 1.927 3.252 1698 3172 3400 7.47~ Total 254.200 388.495 347.185 478.390 511.133 6_84~ EXPENSE SUMMARY StandbvGeneration $50455 $39726 $28.864 $99.239 $67.764 -31.72% Substatbn ODerations 57 762 53 188 90 (127 63.599 69.638 9.50% Marathon Hvdro 144 2500 2,500 0.00% Transmission - 0 & M 13377 31944 18 957 49 564 56,982 14.97% Distribution 0 & M 108171 148551 163947 192054 178 159 -7,23% Purchased Power 1326.796 1482533 1143 108 1 618 739 1 688 925 4.34% Work Order Expense (25 .213 126.437 77.384 72 575 185998 15628% Meter Service 22.203 55.475 33.780 32 640 24421 -25.18% General Operations 395,379 382,487 263,551 424,D92 364,940 -1395% Admin & Enl!:ineerinl!: 141,927 148,362 114,135 185,394 211,339 13.99% Other Ooeratinl!: EX!> 1,636,381 1,637,550 1,314,188 1,803,123 1,781,459 -1.20% Debt Service 781,122 506,823 737,215 840,803 786,836 -6.42% Total Expenses $4,508,360 $4,613,220 $3,985.156 $5,384,322 $5,418,961 0.64% . . . ELECTRIC FUND 1991 1990 Y-T-D 1991 1992 % Change Revised Manager From 1991 1989 Dent GL Account Name Actual Actual (9 Months) Budl!et Recom. Rev. Budl!et EXPENSES Standby Generation 5100 5010 Wal!es 4131 6318 9,853 $6.240 $8.200 31.41 % 5100 5020 Overtime 7767 5067 1.296 13.cm 5,698 -5650% 5100 5040 Leave Time 704 1307 100.00% 5100 5050 In Lieu Of Fica 625 222 141 100.00% 5100 5060 Retirement 218 1338 100.00% 5100 5070 Health Insurance 897 871 100.00% 5100 5080 Worker's Comp 512 511 587 100.00% 5100 5090 MedicarelFica 62 68 122 100.00% Total Personne 11 898 12.584 13 769 19339 18.264 -5.56% 5100 5310 Utilities 9386 8966 4676 9.900 10.000 1.01% 5100 5330 Fuel 19.720 11,294 248 22 000 20.000 -9.ffi% 5100 5380 Maintenance 7.646 5,7fQ 3804 12 000 12,000 0.00% 5100 5390 Contract Services 466 3162 3000 3,000 0.00% 5100 5440 Opera tine: Supplies 1339 1,100 2500 3,000 20,00% 5100 5460 Small Tools 500 500 0.00% 5100 5930 Equipment 3,205 30,000 1,000 -96.67% Total Standb, 50,455 39,726 28,864 99 ,239 67,764 -31.72% Substation OperatiollJ 5110 5010 Wae:es 8,532 4,477 17,294 13,cm 16,400 25,20% 5110 5020 Overtime 2,362 1,087 247 500 2,000 300.00% 5110 5040 Leave Time 1,217 1,731 100.00% 5110 5050 In Lieu Of Fica 275 571 187 100.00% 5110 5060 Retirement 1,771 100.00% 5110 5070 Health Insurance 1223 1.153 100.00% 5110 5080 Worker's Comp 244 813 778 100.00% 5110 5090 MedicarelFica 48 98 161 100.00% Total Personne 10,894 6.131 21 463 13.599 24 181 77 .81 % 5110 5310 Utilities 31 775 31,278 23,342 35 000 36,764 5.04% 5110 5380 Maintenance 246 95fQ 1,528 1000 1,989 98,90% 5110 5390 Contract Services 14,108 3598 1136 12 500 1,704 -8637% 5110 5440 Opera tine: Supplies 739 2599 62 1500 1.500 0.00% 5110 5450 Gas & Lube 1,680 3500 100,00% 5110 5920 Buildine:s 5110 5930 I EQuipment 40 816 Total Substation 57 762 53.188 90 027 63.599 69 638 9.50% Marathon Hydro 5120 5440 Operatinl! Supplies 144 2500 2500 0.00% Total Marathon 144 2.500 2500 0.00% . . . ELECTRIC FUND 1991 1990 Y-T-D 1991 1992 % Change Revi<led Manager From 1991 1989 DeDt GL Account Name Actual Actual f9 Months) Budl!et Recom. Rev. Budl!et Transmission 0 Ik. M 5220 5010 Wal!es 3.096 679 5335 15.282 17 .875 16.97% 5220 5020 Overtime 5926 2728 161 15 282 16352 7,00% 5220 5040 Leave Time 153 3.220 100,00% 5220 5050 In Lieu Of Fica 29 272 348 100.00% 5220 5060 Retirement 3295 100,00% 5220 5070 Health Insurance 362 2145 100.00% 5220 5080 Worker's Como 134 259 1447 100,00% 5220 5090 MedicarelFica 27 56 300 100.00% Total Personne 9.022 3597 6.598 30_S64 44.982 47.17% 5220 5360 Rents 208 8378 3000 2.000 -3333% 5220 5380 Maintenance & ReDair 3649 5220 5390 Contract Services 3969 27,873 10,000 5,000 -50.00% 5220 5440 Ooeratinl! SUDPlies 178 140 332 5000 3.000 -40.00% 5220 5460 Small Tools & Eauin 334 1.000 2000 100.00% Total Transmission 13377 31 944 18 957 49564 56 982 14.97% Distribution 0 & M 5230 5010 Waues 73"U6 96.533 77.171 90 054 102.015 13,28% 5230 5020 Overtime 13 541 12,779 18_1Cll 15 000 16.050 7.00% 5230 5040 Leave Time 4,8lJ7 11,107 100.00% 5230 5050 In Lieu Of Fica 1,558 581 1,200 100.00% 5230 5060 Retirement 11 ,365 100.00% 5230 5070 Health Insurance 5,401 7,398 100,00% 5230 5080 Worker's Comp 3,240 4,313 4,990 100,00% 5230 5090 MedicarelFica 549 583 1,034 100.00% Total Personne 86,887 114,659 111,157 105,054 155,159 47.69% 5230 5390 Contract Services 13,335 7,379 52,790 7,000 5,000 -2857% 5230 5440 OneratinJ!; Supplies 6,881 22,105 25,000 15,000 -40,00% 5230 5460 Small Tools 1068 567 2000 3.000 50.00% 5230 5790 Miscellaneous 3841 5230 5930 Eauinment 53.000 -100.00% Total Di<ltribution 108.171 148.551 163.947 192.054 178159 -7.23% Wholesale Power 5250 5320 Chul!ach Electric Assn 1320 012 1,471,389 1,143 108 1 603 739 1 683.925 5.00% 5250 5320 Marathon Hvdro 6,784 11,144 15 000 5.000 -66,67% Total W/S Powet 1.326.796 1 482.533 1 143 108 1 618.739 1.688.925 4.34% Work Orders 5300 5010 Wal!es (53332 20,953 39.277 67575 79.000 16.91 % 5300 5020 Overtime 7.203 6,790 2211 5000 5.500 10.00% 5300 5040 Leave Time 3.294 7.950 100.00% 5300 5050 In Lieu Of Fica 619 509 858 100.00% 5300 5060 Retirement 41 256 8,134 100,00% 5300 5070 Health Insurance 2.763 5295 100.00% 5300 5080 Worker's Comp 1341 1.912 3572 100.00% 5300 5090 MedicarelFica 217 309 741 100.00% 5300 5095 SaIlBen. wk,order credit (18.250 Total Personne (46 129 29.961 32.281 72.575 111 050 53.01 %