Comprehensive List of all Budget Changes by Fund/ Department AMENDMENTS FROM 2014/2015 PRELIMINARY BUDGET

Transcription

1 CITY OF SEWARD Comprehensive List of all Budget Changes by Fund/ Department AMENDMENTS FROM 2014/2015 PRELIMINARY BUDGET General Fund: 2014 Budget 2015 Budget Positive( negative) Positive( negative) financial impact adjustment Description Department 25,000) 25,000) Add a contribution to Boys& Girls club Contributions( 1191) 15,000) 15,000) Increase contributions to Senior Center Contributions( 1191) 13,403) 14,610) Add part-time animal control costs Animal Control( 1212) 2, 148) 3, 132) Add part-time animal control costs Debt Service( 1910) 15,000) One-time cost for property appraisals( split 50/50 with Harbor) Comm. Dev.( 1150) 52, 783 Freeze merit increases only during 2015 Various 8, 452 Freeze merit increases only during 2015( reduces PERS) Debt Service( 1910) 55,549 11, 507 Increase sales tax estimate Revenues( 0000) Overall impact on General Fund reserves Harbor Enterprise Fund: 15,000 Split cost of property appraisals with Community Development 7, 959 Freeze merit increases only during , 243 Freeze merit increases only during 2015( reduces PERS) 24, 202 Overall Harbor savings( increase to Harbor reserves) Electric Enterprise Fund: 2, 970 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 3,444 Overall Electric savings( increase to Electric reserves) Water Enterprise Fund: 1, 159 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 1, 350 Overall Water savings( increase to Water reserves) Wastewater Enterprise Fund: 1166 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 1, 357 Overall Wastewater savings( increase to Wastewater reserves) Motor Pool Fund: No proposed changes No impact on Motor Pool reserves Hospital Debt Service: No proposed changes No impact on Hospital Debt Service reserves

2 Sponsored by: Hunt CITY OF SEWARD, ALASKA RESOLUTION A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE CITY GENERAL FUND BIENNIAL OPERATING BUDGET FOR CALENDAR YEAR 2014 AND 2015 AND SETTING THE MILL RATE WHEREAS, the City Manager has submitted to the City Council a proposed biennial budget for the City of Seward for Calendar Years 2014 and 2015; and WHEREAS, the preliminary biennial budget was reviewed by the City Council in budget work sessions on September 16, 19, and 24, 2013, which were televised to the public; and WHEREAS, a public hearing is scheduled on the proposed budget for October 28, 2013 with an additional public hearing and final adoption scheduled for November 12, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The City General Fund Biennial Operating Budget for Calendar Years 2014 and 2015 which are attached hereto and made a part hereof by reference and which contain estimated revenues and expenditures for the period January 1, December 31, 2015, is HEREBY ADOPTED, and the necessary funds are hereby appropriated. Section 2. The total assessed valuation as determined by the Kenai Peninsula Borough Assessor, and any supplemental assessment rolls for said period which may be certified by the Borough Assessor at a future date, shall be the basis for computing estimated property tax revenues for the City of Seward, Alaska. Section 3. The rate of levy on the 2014 real and personal property tax rolls shall be unchanged, and is hereby levied at the rate of 3.12 mills per dollar of assessed valuation in Municipal Service Zones One (Borough designation TCA 40) and Two (Borough designation TCA 41). Section 4. This resolution shall take effect immediately upon adoption.

3 CITY OF SEWARD, ALASKA RESOLUTION PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 12 th day of November, THE CITY OF SEWARD, ALASKA Jean Bardarson, Mayor AYES: NOES: ABSENT: ABSTAIN: ATTEST: Johanna Kinney, CMC City Clerk (City Seal)

4 CITY OF SEWARD Comprehensive List of all Budget Changes by Fund/ Department AMENDMENTS FROM 2014/ 2015 PRELIMINARY BUDGET General Fund: 2014 Budget 2015 Budget Positive( negative) Positive( negative) financial impact adjustment Description Department 25, 000) 25,000) Add a contribution to Boys& Girl' s club Contributions( 1191) 15, 000) 15,000) Increase contributions to Senior Center Contributions( 1191) 13, 403) 14, 610) Add part-time animal control costs Animal Control( 1212) 2, 146) 3, 132) Add part-time animal control costs Debt Service( 1910) 15,000) One-time cost for property appraisals( split 50/ 50 with Harbor) Comm. Dev.( 1150) 52, 783 Freeze merit increases only during 2015 Various 8, 452 Freeze merit increases only during 2015( reduces PERS) Debt Service( 1910) 55, , 507 Increase sales tax estimate Revenues( 0000) Overall impact on General Fund reserves Harbor Enterprise Fund: 15, 000 Split cost of property appraisals with Community Development 7, 959 Freeze merit increases only during , 243 Freeze merit increases only during 2015( reduces PERS) 24, 202 Overall Harbor savings( increase to Harbor reserves) Electric Enterprise Fund: 2, 970 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 3, 444 Overall Electric savings( increase to Electric reserves) Water Enterprise Fund: 1, 159 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 1, 350 Overall Water savings( increase to Water reserves) Wastewater Enterprise Fund: 1166 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 1, 357 Overall Wastewater savings( increase to Wastewater reserves) Motor Pool Fund: No proposed changes No impact on Motor Pool reserves Hospital Debt Service: No proposed changes No impact on Hospital Debt Service reserves

5 GENERAL FUND Budgeted Statement of Revenues, Expenditures, Other Financing Sources ( Uses) and Changes in Fund Balance For Fiscal Year 20I4 and 20I5 ( as Amended) Revenue: Actual Budget Budget Budget Change Change Taxes 5, 661, I36 5, 685,337 5, 834, 149 5, 883, % 0.9% Licenses and Permits 159, , , , % 0.0% Intergovernmental 1, 953,472 1, 605, 603 1, 636,6I0 1, 636, % 0.0% Charges for Services 2,558,655 2,628,910 2,600,873 2,619, % 0.7% Fines and Bails 8,386 12,000 9,000 10, % 1 1. I% Interest 56,691 91, , , % 0.0% Miscellaneous 33,888 28,200 22, , % 0.0% Total Revenue: I0,431, 342 $ I0,2I3,725 I0,3I9,682 $ I0,388,727 I.0% 0.7% Expenditures: General Government 2,630, 188 2, 744,644 2,880,415 2,857, % 0.8% Public Safety 3, 281, 843 3, 264,325 3, 315,552 3, 388, % 2.2% Public Works 1, 765,634 I, 574,502 1, 602,960 1, 587, % 1. 0% Parks and Recreation 1259, , 469 1, 251, 166 1, 257, % 0.5% Library 419, , , , % 0.0% Debt Service 809,525 1, 040,648 1, 069,951 1, 095, % 2.4% Total Expenditures: I0,I65,452 $ I0,399,838 10,665, 866 $ I0,730, % 0.6% Excess of revenues over expenditures 265, , , I84 -$ 342, % 1. 2% Other financing sources( uses): Operating transfers( to) other funds 2,267,584 1, 630,099 1, 582,500-1, 630, % 3.0% Operating transfers from other funds 3, 378,612 2,012,324 1, 928,684 1, 972, % 2.3% Net other sources( uses) financing 1, 111, , , , % I.2% Annual surplus( deficit) 1, 376,9I8 I96, I I00.0% 100.0% Fund balance at of year beginning 6,034,425 7,4I 1, 343 7,607,455 7,607, % 0.0% Fund balance at end of year Non-spendable: Inventory, Prepaids, Unrealized gains 457, , , , % 0.0% Restricted: % 0.0% Committed: Working Capital 1, 500,000 1, 500,000 1, 500,000 1, 500, % 0.0% Insurance Reserves 126,4I8 126, ,4I8 126, % 0.0% Hospital Cash Flow 500, , , , % 0.0% Miscellaneous Committed % 0.0% Assigned: Future anticipated budget deficit % 0.0% Unassigned: 4,827,028 5, 081, 037 5, 081, 037 5, 081, % 0.0% Total Fund Balance 7,411, 343 $ 7,607,455 7,607,455 $ 7,607, % 0.0% Ties to Comprehensive Annual Financial Report

6 GENERAL FUND Budgeted Statement of Revenues, Expenditures, Other Financing Sources( Uses) and Changes in Fund Balance For Fiscal Year 20I4 and 20I5 f C' Actual Budget Budget Budget Change Change Revenue: X $ 88a1S1 Taxes 5, 661, 136 5, 685, ,G00 5, 872, * iii Licenses and Permits 159, 114 I62, , 350 I63, % 0.0% Intergovernmental I, 953,472 1, 605,603 1, 636,610 1, 636, % 0.0% Charges for Services 2,558,655 2,628,910 2,600,873 2, 619, % 0.7% Fines and Bails 8,386 12,000 9, , % 11. 1% Interest 56,691 9I, , , % 0.0% Miscellaneous 33,888 28,200 22, , % 0.0% Total Revenue: I0,43I,342 $ I0,213,725 Expenditures: General Government 2,630, 188 2, 744,644 Public Safety 3, 281, 843 3, 264,325 21fo41S 1 Public Works 1, 765,634 1, 574,502 1, 602,960 `= Zas Q- 9 i, 94` % 0.8% 1. 2% 2.8% 1. 8% 0.6% Parks and Recreation 1, 259,052 1, 261, 469 1, 251, % 0.8% if l Library 419,210 5I4, , % 0.9% t, $ Debt Service 809, 525 1, 040,648 1, 067, % 3. 1% Total Expenditures: I0, I65,452 $ 10,399,838 t0;s1e;3i ;719, lbw4v.4' 10430/ Excess of revenues over expenditures 265,890 I86, II3 346, I84 -$ 342,I % 1. 2% Other financing sources( uses): transfers( Operating to) other funds 2,267,584 1, 630,099 1, 582,500-1, 630, % 3. 0% transfers Operating from other funds 3, 378,612 2,012,324 1, 928,684 1, 972, % 2. 3% Net other sources( uses) financing 1, 111, , , % 1. 2% Annual surplus( deficit) I,376,9I8 196, I00.0% 100.0% Fund balance at beginning of year 6,034,425 7,4I I,343 7,607,455 7,607, % 0.0% Fund balance at end of year Non-spendable: Inventory, Prepaids, Unrealized gains 457, , , , % 0.0% Restricted: % 0.0% Committed: Working Capital 1, 500,000 1, 500,000 1, 500,000 1, 500, % 0.0% Insurance Reserves 126, , , , % 0.0% Hospital Cash Flow 500, , , , % 0.0% Miscellaneous Committed % 0.0% Assigned: Future anticipated budget deficit % 0.0% Unassigned: 4,827,028 5, 081, 037 5, 081, 037 5, 081, % 0.0% Total Fund Balance 7,411, 343 $ 7,607,455 7,607,455 $ 7,607, % 0.0% Ties to Comprehensive Annual Financial Report

7 GENERAL FUND Budgeted Revenue Detail For 2OI4 and 20I5 (as Amended) 20I I I Account Name Actual Budget Budget Budget Change % Change TAXES: Property Taxes Real Property ( mills) 703, , , , % 0.7% Personal Property ( Vehicle Property Total Property mills) 284, , , , % 1. 8% Tax 25, ,000 28,000 28, % 0.0% Taxes 1, 0I3,580 $ I,0I0,871 $ 1, 028,000 $ I,038,000 I.7% I. 0% Other Taxes Hotel/ Motel Room Tax ( 4%) 380, , , , % 1. 0% Sales Tax( 4%) 4, 189, 330 4,248,066 4,345,549 4,381, % 0.8% Tax Penalties 1, 856 1, 400 1, 600 I, % 0.0% Payments- in- Lieu of Tax- ASLC, 0 76, ,000 74,000 74, % 0.0% Total Other Taxes 4,647,556 4, 674,466 4, 806, 149 4,845, % 0.8% Total Taxes 5,661, 136 $ 5,685,337 $ 5, 834, 149 $ 5, 883, % 0.9% LICENSES& PERMITS: Taxi Permits 740 1, 000 1, 000 1, % 0.0% Building Dog Permits 48,866 40,000 50,000 50, % 0.0% License % 0.0% DMV Revenues 85, ,000 89,000 89, % 0.0% Miscellaneous 1, 930 4,400 2,000 2, % 0.0% City Business License 21, ,500 21, , % 0.0% Total Licenses and Permits 159, 1 14 $ I62,675 $ 163, , % 0.0% INTERGOVERNMENTAL REVENUE: Liquor Tax 17, ,000 22,000 22, % 0.0% Raw Fish Tax/ Shared Fish. Bus. Ta 519, , , , % 0.0% Fisheries Resource Landing Tax I3, % 0.0% Shared Revenue and PERS On- Beha 700, , , , % 0.0% Jail Contract 567, , , , % 0.0% State Dispatch Contract 48, ,500 48,500 48, % 0.0% Genl Fund- related Grant Revenues 36,042 5, % 0.0% KPB 9l I Dispatch 50, , , , % 0.0% Total Intergovernmental I, 953,472 $ 1, 605,603 $ 1, 636,6I0 $ I, 636,6I0 1. 9% 0.0%

8 GENERAL FUND Budgeted Revenue Detail For 2OI4 and 2OI5 ( as Amended) 20I I3-20I Account Name Actual Budget Budget Budget Change % Change CHARGES FOR SERVICES: General Government Copying 9, ,000 9,000 9, % 0.0% Sales Tax Credit for Prompt Remit 3, 000 4,000 4,000 4, % 0.0% Zoning Fees I % 0.0% Project Management 50, , % 0.0% Admin.- SMIC 86,688 86,688 88,427 88, % 0.5% Admin.- Harbor 324, ,795 33I, , % 0.5% Admin.- Parking 9,889 9,715 9, 909 9, % 0.5% Admin.- Electric 847,29I 847, , , % 0.5% Adinin.- Water 233, , ,4I9 239, % 0.5% Admin.- Sewer I42, , , , % 0.5% Adinin.- Jail 81, ,907 86,990 90, % 3. 5% Total General Government I, 789,032 $ I, 776, I35 $ I,778, I23 $ I, 789, I% 0. 6% Public Safety Dog Pound Revenue 2,090 2,200 2,200 2, % 0.0% Misc. Jail Revenue 1, , 500 1, % 0.0% Misc. Dispatching 10, ,000 10,000 10, % 0.0% Total Public Safety I4,813 I3,000 13,700 I3, % 0.0% Public Works Shop Work Orders 2,835 2,200 2,800 2, % 0.0% Total Public Works 2, 835 2,200 2,800 2, % 0.0% Parks& Recreation Public Use 3, 320 4,500 3, 500 3, % 0.0% Punchcards 19, ,200 20,000 20, % 0.0% Class Registrations 62, ,000 64,000 64, % 0.0% Facility Rental % 0.0% Tournaments 3, ,200 10,000 10, % 0.0% Special Events 25, ,000 20,000 20, % 0.0% Shower Fees I I, , , 000 I I, % 0.0% Rock Wall Climbing Fees 828 5,000 I, 200 I, % 0.0% Pavilion Fees 3, 861 4,000 4,000 4, % 0.0% Camping Fees 25I, , , , % I. 9% Mini-service Campground Fees 223, , , , % 0.0% Dump Station Fee 0 20,000 5,000 5, % 0.0% Miscellaneous Revenue 1, 186 1, 700 1, 200 1, % 0.0% Work Orders 2, I22 1, % 0.0% Total Parks& Recreation 609, 342 $ 67I, 450 $ 625, , % 0.8%

9 GENERAL FUND Budgeted Revenue Detail For 20I4 and 20I5 ( as Amended) 20I2 20I I I Account Name Actual Budget Budget Budget Change % Change Library Service Revenue 5, 995 9,000 I2,000 I3, % 8.3% Circulation Revenue 3, 213 6,800 7,000 7, % 7. 1% Museum Revenue 0 I0,000 I2,000 12, % 0.0% Total Library 9,208 25,800 3I,000 32, % 4.8% Rents& Leases Land Rent& Lease 47, ,325 54, , % 0.5% Jail Facility Rent 30,000 30,000 30,000 30, % 0.0% Municipal Building Rent 55, ,000 65,000 65, % 0.0% Total Rents& Leases I33, , , , % 0.2% Total Charges for Services 2, 558, 655 $ 2, 628,910 $ 2, 600,873 $ 2, 6I9, 1I0 I. I% 0.7% FINES AND BAILS: 8, 386 I2,000 9,000 I0, % I I. I% PENALTIES& INTEREST: Investments 53, ,000 50,000 50, % 0.0% Customer Penalties& Interest 2, , 000 3,000 3, % 0.0% Total Penalties and Interest 56, 69I 9I,000 53,000 53, % 0.0% MISCELLANEOUS: Sales of Surplus Equipment 2,980 2,000 2,000 2, % 0.0% Garbage Contract I3, 674 I 5,400 15, , % 0.0% SVAC Maintenance Fee 0 2, % 0.0% City Clerk Fees I % 0.0% Collection of Bad Debts 2, I77 1, % 0.0% Vending Machine Fees 3, 84I 4,000 2,500 2, % 0.0% Other Miscellaneous 11, 087 3, 150 3, 000 3, % 0.0% Total Miscellaneous 33, ,200 22,700 22, % 0.0% Total General Fund Revenue I0,431, 342 $ I0,213, 725 $ I0,319,682 $ I0,388,727 I.0% 0. 7%

10 GENERAL FUND Budgeted Revenue Detail For 20I4 and 20I5 tgeo` ln 20I I I Account Name Actual Budget Budget Budget Change % Change TAXES: Property Taxes Real Property ( mills) 703, ,87I 71 5, , % 0.7% Personal Property ( mills) 284, , , , % 1. 8% Vehicle Property Total Property Tax 25, ,000 28,000 28, % 0.0% Taxes I,0I3,580 $ 1, 010,87I $ 1, 028,000 $ I, 038, % 1. 0% Other Taxes Hotel/ Motel Room Tax ( 4%) 380, , ,00 38$$850 I0. / 1. 0 o 4 Slsna' Z 7/ o o ' i. Sales Tax( 4%) 4, 1 89, 330 4,248,066 8, r} g% Tax Penalties 1, 856 I, 400 1, 600 1, % 0.0% Payments- in- Lieu of Tax- ASLC, 0 76, ,000 74,000 74, % 0.0% Total Other Taxes 4,647,556 4, 674,466 4,759,60 1, 839, 450 6% gq 4stbio, 149 gi* 5, b.7 Total Taxes 5,661, I36 $ 5,685,337 $ x,690 $ x,872, 450 1, 6% 4-:( 70/8 St 3N149 S' S134ri 2. 4, 0. 9 LICENSES& PERMITS: Taxi Permits 740 1, 000 1, 000 1, % 0.0% Building Dog Permits 48, ,000 50,000 50, % 0.0% License S4.8% 0.0% DMV Revenues 85, ,000 89,000 89, % 0.0% Miscellaneous 1, 930 4,400 2,000 2, % 0.0% City Business License 2I, ,500 21, , % 0.0% Total Licenses and Permits 159, 1I4 $ I62,675 $ I63,350 I63, % 0.0% INTERGOVERNMENTAL REVENUE: Liquor Tax 17, ,000 22,000 22, % 0.0% Raw Fish Tax/ Shared Fish. Bus. Ta 519, , , , % 0.0% Fisheries Resource Landing Tax 13, % 0.0% Shared Revenue and PERS On- Beha 700, , , , % 0.0% Jail Contract 567, , , , % 0.0% State Dispatch Contract 48, ,500 48,500 48, % 0.0% Gerd. Fund- related Grant Revenues 36,042 5, % 0.0% KPB 911 Dispatch 50, , ,640 50, % 0.0% Total Intergovernmental I,953,472 $ 1, 605, 603 $ 1, 636,6I0 $ I, 636,6I0 1. 9% 0.0%

11 GENERAL FUND Budgeted Revenue Detail For 20I4 and 20I5 N O 4At4 6IE G 20I I I3-20I4 20I Account Name Actual Budget Budget Budget Change % Change CHARGES FOR SERVICES: General Government Copying 9, I07 I4,000 9, 000 9, % 0.0% Sales Tax Credit for Prompt Remit 3, 000 4,000 4,000 4, % 0.0% Zoning Fees I % 0.0% Project Management 50, , % 0.0% Admin.- SMIC 86, ,688 88,427 88, % 0. 5% Admin.- Harbor 324, , , , % 0.5% Admin.- Parking 9, 889 9, 715 9,909 9, % 0. 5% Admin.- Electric 847,29I 847, , , % 0. 5% Admin.- Water 233, , , , % 0. 5% Admin. - Sewer 142, , , , % 0. 5% Admin.- Jail 81, , ,990 90, % 3. 5% Total General Government 1, 789,032 $ I,776, I35 $ I, 778, 123 $ 1, 789, % 0. 6% Public Safety Dog Pound Revenue 2,090 2,200 2,200 2, % 0.0% Misc. Jail Revenue 1, I, 500 1, % 0.0% Misc. Dispatching 10, ,000 I0,000 10, % 0.0% Total Public Safety I4,813 13,000 I3,700 13, % 0.0% Public Works Shop Work Orders 2,835 2,200 2,800 2, % 0.0% Total Public Works 2,835 2,200 2, 800 2, % 0.0% Parks& Recreation Public Use 3, 320 4, 500 3, 500 3, % 0.0% Punchcards I9,532 34,200 20,000 20, % 0.0% Class Registrations 62,324 75,000 64,000 64, % 0.0% Facility Rental % 0.0% Tournaments 3, ,200 I0,000 I0, % 0.0% Special Events 25, , ,000 20, % 0.0% Shower Fees I 1, , , 000 I 1, % 0.0% Rock Wall Climbing Fees 828 5,000 1, 200 I, % 0.0% Pavilion Fees 3, 861 4,000 4,000 4, % 0.0% Camping Fees 251, , , , % 1. 9% Mini-service Campground Fees 223, , , , % 0.0% Dump Station Fee 0 20,000 5,000 5, % 0.0% Miscellaneous Revenue 1, 186 1, 700 I, 200 I, % 0.0% Work Orders 2, 122 1, I00.0% 0.0% Total Parks& Recreation 609, 342 $ 67I,450 $ 625, , % 0. 8%

12 GENERAL FUND Budgeted Revenue Detail For 20I4 and 20I5 geptin6 20I2 20I I Account Name Actual Budget Budget Budget Change % Change Library Service Revenue 5, 995 9, 000 I2,000 13, % 8. 3% Circulation Revenue 3, 2I3 6,800 7,000 7, % 7. 1% Museum Revenue 0 10,000 12, , % 0.0% Total Library 9,208 25,800 3I,000 32, % 4.8% Rents& Leases Land Rent& Lease 47, ,325 54, , % 0. 5% Jail Facility Rent 30,000 30,000 30,000 30, % 0.0% Municipal Building Rent 55,725 60,000 65,000 65, % 0.0% Total Rents& Leases 133, , , 700 I50, % 0.2% Total Charges for Services 2, 558, 655 $ 2, 628,910 $ 2,600,873 $ 2, 619, 1 10 I. I% 0.7% FINES AND BAILS: 8, ,000 9, 000 I0, % I I. I% PENALTIES& INTEREST: Investments 53, ,000 50,000 50, % 0. 0% Customer Penalties& Interest 2, , 000 3, 000 3, % 0. 0% Total Penalties and Interest 56, 69I 9I,000 53, , 000 4I. 8% 0.0% MISCELLANEOUS: Sales of Surplus Equipment 2,980 2,000 2,000 2, % 0.0% Garbage Contract 13, , , , % 0.0% SVAC Maintenance Fee 0 2, % 0.0% City Clerk Fees % 0.0% Collection of Bad Debts 2, I77 1, % 0.0% Vending Machine Fees 3, 841 4,000 2,500 2, % 0.0% Other Miscellaneous 11, 087 3, 150 3, 000 3, % 0.0% Total Miscellaneous 33, ,200 22,700 22,700 I9.5% 0.0% Total General Fund Revenue 10,431, 342 $ I0,2I3,725 $ '5 $ 1-9,39-7` % I. I% i0, 42. Jo, 3fl,4Za- aliv,

13 GENERAL FUND Expenditure Totals by Department ( Budget) For 2OI4 and 20I5 (as Amended) DEPARTMENT Actual Budget Budget Budget Chg Chg General Government: Mayor/ Council 333, I38 341, , , % 8. 0% Legislative 57, ,654 35,248 35, % 2.0% Legal 89, ,000 I30, , % 0.0% City Manager 394, , , , % 0.2% Management Information Systems 255, I21 263, , , % 0.7% City Clerk 254, , , , % 2. 5% Finance 690, , , , % 1. 7% Community Development 227, , , , % 6. 8% General Services 55, , ,900 59, % % Contributions 272, , , , % 0.0% Total General Government 2,630, I88 $ 2,744,644 $ 2,880,4I5 $ 2,857, I69 4.9% - 0.8% Public Safety: Police 1, 805,299 I, 834,096 1, 827,063 1, 868, % 2. 3% Jail 627, , , , % 2. 1% Animal Control 64, , , 453 I06, % 1. 5% Fire 654, , , , % 2. 5% Building Inspection 130, , ,499 13I, % 1. 0% Total Public Safety 3,281, 843 $ 3,264,325 $ 3, 315,552 $ 3, 388, % 2.2% Public Works: Roads and Streets 1, 066, , , , % 0. 9% City Shop 378, , , , % 4. 9% Municipal Building, Comm. Ctr 320, , , , % 1. 1% Total Public Works 1, 765, 634 $ I, 574,502 $ I,602,960 51, 587, % - I.0% Parks and Recreation Sports and Recreation 251, , , , % 1. 2% Teen and Youth Center 297, , , , % 2. 5% Campgrounds and Parks 709, , , , % 0. 7% Total Parks& Recreation I,259,052 $ 1, 26I,469 $ I,25I, 166 $ 1, 257, % 0. 5% Library 419,2I0 514,250 $ 545, , % 0.0% Debt Service 809,495 $ 1, 040,648 $ I,069,951 $ 1, 095, % 2.4% TOTALS: I0,165,422 $ I0,399, 838 $ 10,665, 866 $ I0,730, % 0.6%

14 GENERAL FUND Expenditure Totals by Department ( Budget) For 20I4 and 20I5 E DL I N DEPARTMENT Actual Budget Budget Budget Chg Chg General Government: Mayor/ Council 333, I38 341, , , % 8.0% Legislative 57, ,654 35,248 36,,.3I7 3S % 3. 0% Legal 89, , 000 I30, , % 0. 0% City Manager 394, , ,046 4az,88I ' % 0. 5% Management Information Systems 255, , , VIM 10.2% 0. 1% City Clerk 254, , , % 2.0% Finance 690, , ,700 g.3s` Li1 3. 1% 2. 8% Community Development 227, , , ,999 30vaq. 5.3% 2. 1% General Services 55,060 53, , l 59, % % Contributions 272, ,420 tlf IOS 259, % 0.0% Total General Government 2,630,I88 $ 2,744,644 $ 2,84074 I5 $ 2,8I6,5I5 3. 5% % z, 190, los Public Safety: Police 1, 805,299 1, 834,096 1, 827, $`' 8` % 2.9% Jail 627, , ,419 F IN2032.9% 2.9% Animal Control 64, , Asio jopit3 93, 658 / % 1. 7% Fire 654, , , )47 PiG7t17 0.6% 3. 2% Building Inspection 130, , , , % 1. 0% Total Public Safety 3,28I,843 $ 3,264,325 $ 3,302, I19 $ 3, 395, % 2.8% 33l (. 9 Public Works: Roads and Streets 1, 066, , , Vol I% 1. 0% City Shop 378, , , Ẓ,a1til 3 t % 4. 1% Municipal Building, Comm. Ctr 320,916 3I8, , , % 0.3% Total Public Works I,765, 634 $ I,574,502 $ 1, 602,960 $ % - 0.6% Is' Itg077 Parks and Recreation Sports and Recreation 251, , ,201 2& t o4"1" O- 2. 5% 1. 6% Teen and Youth Center 297, , , Z- 7.5% 3.2% Campgrounds and Parks 709, , , ;380 leg % 0.5% Total Parks& Recreation I,259,052 $ I,26I,469 $ I,25I, 166 $ 31.26t,606 I25 %- 0.8% 0.8% Library 4I9,210 5I4,250 $ 545, I 5i % 0.9% P0, 61 J 04,x'133 21? z.y Debt Service 809,495 $ 1, 040,648 $ f96 663t" $ 140,Q r.{440 z 6 0* 10 TOTALS: I0,I65,422 $ I0,399, 838 $ 1.0, $. 1.0, %, I.(Y;6 0, 4' 1,1" jot 730, gss

15 Sponsored by: Hunt CITY OF SEWARD, ALASKA RESOLUTION A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE SMALL BOAT HARBOR ENTERPRISE FUND BIENNIAL BUDGET FOR CALENDAR YEARS 2014 AND 2015 WHEREAS, the City Manager has submitted to the City Council a proposed biennial budget for the City of Seward for Calendar Years 2014 and 2015; and WHEREAS, the biennial budget was reviewed by the City Council in budget work sessions on September 16, 19, and 24, 2013, which were televised to the public; and WHEREAS, a public hearing is scheduled on the proposed budget for October 28, 2013 with an additional public hearing and final adoption scheduled for November 12, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The Harbor Enterprise Fund biennial budget for Calendar Years 2014 and 2015 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, 2015, is HEREBY ADOPTED, and the necessary funds are hereby appropriated. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 12 th day of November, THE CITY OF SEWARD, ALASKA Jean Bardarson, Mayor

16 CITY OF SEWARD, ALASKA RESOLUTION AYES: NOES: ABSENT: ABSTAIN: ATTEST: Johanna Kinney, CMC City Clerk (City Seal)

17 CITY OF SEWARD Comprehensive List of all Budget Changes by Fund/ Department AMENDMENTS FROM 2014/ 2015 PRELIMINARY BUDGET General Fund: 2014 Budget 2015 Budget Positive( negative) Positive( negative) financial impact adjustment Description Department 25,000) 25, 000) Add a contribution to Boys& Girl's club Contributions( 1191) 15,000) 15, 000) Increase contributions to Senior Center Contributions( 1191) 13,403) 14, 610) Add part-time animal control costs Animal Control( 1212) 2, 146) 3, 132) Add part-time animal control costs Debt Service( 1910) 15, 000) One-time cost for property appraisals( split 50/ 50 with Harbor) Comm. Dev.( 1150) 52, 783 Freeze merit increases only during 2015 Various 8, 452 Freeze merit increases only during 2015( reduces PERS) Debt Service( 1910) 55,549 11, 507 Increase sales tax estimate Revenues( 0000) Overall impact on General Fund reserves Harbor Enterprise Fund 15, 000 Split cost of property appraisals with Community Development 7, 959 Freeze merit increases only during , 243 Freeze merit increases only during 2015( reduces PERS) 24,202 Overall Harbor savings( increase to Harbor reserves) Electric Enterprise Fund: 2,970 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 3,444 Overall Electric savings( increase to Electric reserves) Water Enterprise Fund: 1, 159 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 1, 350 Overall Water savings( increase to Water reserves) Wastewater Enterprise Fund: 1166 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 1, 357 Overall Wastewater savings( increase to Wastewater reserves) Motor Pool Fund: No proposed changes No impact on Motor Pool reserves Hospital Debt Service: No proposed changes No impact on Hospital Debt Service reserves

18 SMALL BOAT HARBOR ENTERPRISE FUND Budgeted Statement of Revenues and Expenses and Change in Net Position For Fiscal Year 20I4 and 20I5 ( as Amended) 20I2 20I3 20I4 20I5 Actual Budget Budget Budget Operating revenue: Moorage I, 572,263 I, 489, 700 I, 60I, 350 I, 637,350 Wharfage 43, ,000 48,000 48,000 Boat Lift Fees 90, 711 I00,000 I I2,000 I I2,000 Power Sales 46I, I23 286, , ,000 Passenger Transit Fee 55I, I03 560, , , 000 Rents and Leases 356,2I0 326,4I6 34I, , 372 Miscellaneous 94,55I I00,750 I06,250 I06,250 Total operating revenue 3, I69,744 2,9I7,866 3, I44,472 3,22I,972 Operating expense before depreciation: Salaries & Benefits I, 005, I03 937,843 I, 023, 326 I, 052,926 Purchased Services 533, I08 300, , ,250 Power for Resale 243, 73I I96, , , 000 Supplies and Maintenance 6I, 472 I50,900 I42,000 I42,000 General and Administrative 327, , , , 558 Total operating expense: 2,I7I,I80 I, 958,I24 2, I54,454 2,I72,734 Operating income before depreciation 998, , ,0I8 I,049,238 Depreciation I,08I,063 ( a; I, 538, I33 ( b) I, 579,05I ( c) I, 577,7I4 Operating loss 82, ,39I 589, ,476 Non- operating revenue( expense) Interest& other income 475, 526 I2,500 20,000 20,000 Interest& other expense 999, , , I30 248,055 Total non- revenue( expense) operating 523,57I 277, ,I30 228,055 Income( loss) before transfers 606, , I93 837, I63 756, 53I Transfers in 320, , , ,000 Capital contributions and special items I, 324, Transfers out 599, ,4I4 356, , 8I4 Change in net position 438, 723 I,0I6, , , 345 Beginning net position 22,096,473 22,535, I96 2I,5I8,589 20,584,702 Ending net position 22,535, I96 * $ 2I,5I8,589 20,584,702 $ I9,7I4,357 Ties to annual Comprehensive Annual Financial Report Of total depreciation expense, the following amounts were attributable to capital assets funded with capital contributions: a) 622,I74 or 58%;( b) $ 772,I74 or 49%;( c) $ 954,484 or 60%;( d) $ 954,484 or 6I%

19 SMALL BOAT HARBOR ENTERPRISE FUND Budgeted Statement of Revenues and Expenses and Change in Net Position For Fiscal Year 20I4 and 20I5 1 EOL1N6 20I I Actual Budget Budget Budget Operating revenue: Moorage I, 572,263 I, 489,700 I, 60I, 350 I, 637,350 Wharfage 43, , , ,000 Boat Lift Fees 90,7I I 100, ,000 I I2,000 Power Sales 461, I23 286, , ,000 Passenger Transit Fee 55I, I03 560, , ,000 Rents and Leases 356,2I0 326,4I6 34I, , 372 Miscellaneous 94, , 750 I06,250 I06,250 Total operating revenue 3, I69,744 2,9I7,866 3, I44,472 3, 22I, 972 Operating expense before depreciation: j DS2.9z g, Salaries& Benefits I, 005, I03 937,843 I, 023, Purchased Services 533, I08 300, , , 250 Power for Resale 243, 73I I96, , , 000 Supplies and Maintenance 6I, ,900 I42,000 I42,000 General and Administrative 327, , , ,558 Total operating expense: 2, 17I, I80 I, 958, I24 2, 154, anz 104 Operating income before depreciation 998, , ,0I8 i Jolt!'$ Depreciation I,08I,063 ( a I, 538, I33 ( b) I, 579,05I ( c) I, 577,7I4 Operating loss 82, ,39I 589, ,76-?8 Non-operating revenue( expense) Interest& other income 475,526 I2,500 20,000 20,000 Interest& other expense 999, , , I30 248,055 Total non- revenue( expense) operating 523,57I 277, , I30 228,055 Income( loss) before transfers 606, , , I ;113 7SCS3( Transfers in 320, , , ,000 Capital contributions and special items I, 324, Transfers out 599, ,4I4 356, , 8I4 Change in net position 438, 723 1, 0I6, , Beginning net position 22,096,473 22,535, , 5I8,589 20,584,702 Ending net position 22,535, I96 * $ 2I,5I8,589, 20,584, 702 $. I i$55 Ties to annual Comprehensive Annual Financial Report Of total depreciation expense, the following amounts were attributable to capital assets funded with capital contributions: a) 622,I74 or 58%; ( b) $ 772, I74 or 49%;( c) $ 954,484 or 60%;( d) $ 954,484 or 6I%

20 CITY OF SEWARD SMALL BOAT HARBOR ENTERPRISE FUND Budgeted Statement of Cash Flow For Fiscal Year 20I4 and 20I5 ( as Amended) 20I3 20I4 20I5 Budget Budget Budget Beginning Cash Balance at I/ I/ I3*: 2,I49,227 Cash is provided by( used for): Change in net position 1, 016, , ,345 Passenger fee revenues under budget 0 ( a) 0 0 Add expense items not affecting cash Depreciation I, 538, 133 1, 579,05I I, 577,7I4 Net cash provided by operations 52I, , I64 707,369 Other sources ( uses) of cash Debt principal payments 406, I93 469, 885 ( b) 486,254 ( c) Capital outlay 54,900 I75,279 ( d) I96,9I3 ( e) Net increase( decrease) in cash 60, ,202 Estimated ending cash balance: 2209, , ,862 Ties to CAFR and includes only Harbor Enterprise Fund; excludes related capital projects a) Passenger fee revenues expected to exceed 20I3 budget by$ 50K but fall short by$ 118K of full bond requirement. b) $ I75K= 2000 Bond;$ 70K= 2005 Float Extension Bond;$ 200K= 2006 South Harbor Bond and$ 24,885 is Travelift loan reimbursement to motor pool fund. c) $ I75K= 2000 Bond;$ 75K= 2005 Float Extension Bond;$ 2I0K= 2006 South Harbor Bond and$ 26,254 is Travelift loan reimbursement to motor pool fund. d) $ 57,810 Motor Pool contributions. $ 117,469 to MRRF. No equipment.

21 CITY OF SEWARD SMALL BOAT HARBOR ENTERPRISE FUND Budgeted Statement of Cash Flow For Fiscal Year 20I4 and 20I5 REPL'NC. 20I3 20I4 20I5 Budget Budget Budget Beginning Cash Balance at 1/ 1/ 13*: 2, Cash is provided by( used for): 8I Change in net position I, 0I6, , 887 3`iS Passenger fee revenues under budget 0 ( a) 0 0 Add expense items not affecting cash Depreciation I, 538, I33 I,579,05I I, 577,7I4 o71 31,/ Net cash provided by operations 52I, , I64 683,I67 Other sources ( uses) of cash Debt principal payments 406, I93 469,885 ( b) 486,254 ( c) Capital outlay 54,900 I75,279 ( d) I96,9I3 ( e) Net increase ( decrease) in cash 60, Estimated ending cash balance: 2209, ,660 0O 60 Tics to CAFR and includes only Harbor Enterprise Fund; excludes related capital projects L 2- a) Passenger fee revenues expected to exceed 20I3 budget by$ 50K but fall short by$ 1 I8K of full bond requirement. b)$ I75K= 2000 Bond;$ 70K = 2005 Float Extension Bond;$ 200K= 2006 South Harbor Bond and$ 24,885 is Travelift loan reimbursement to motor pool fund. c)$ I75K= 2000 Bond;$ 75K= 2005 Float Extension Bond;$ 2I0K= 2006 South Harbor Bond and$ 26,254 is Travelift loan reimbursement to motor pool fund. d) $ 57, 8I0 Motor Pool contributions. $ 117,469 to MRRF. No equipment.

22 Sponsored by: Hunt CITY OF SEWARD, ALASKA RESOLUTION A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE SMIC ENTERPRISE FUND BIENNIAL BUDGET FOR CALENDAR YEARS 2014 AND 2015 WHEREAS, the City Manager has submitted to the City Council a proposed biennial budget for the City of Seward for Calendar Years 2014 and 2015; and WHEREAS, the biennial budget was reviewed by the City Council in budget work sessions on September 16, 19, and 24, 2013, which were televised to the public; and WHEREAS, a public hearing is scheduled on the proposed budget for October 28, 2013 with an additional public hearing and final adoption scheduled for November 12, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The SMIC Enterprise Fund budget for Calendar Years 2014 and 2015 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, 2015, is HEREBY ADOPTED, and the necessary funds are hereby appropriated. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 12 th day of November, THE CITY OF SEWARD, ALASKA Jean Bardarson, Mayor

23 CITY OF SEWARD, ALASKA RESOLUTION AYES: NOES: ABSENT: ABSTAIN: ATTEST: Johanna Kinney, CMC City Clerk (City Seal)

24 SMIC ENTERPRISE FUND Budgeted Statement of Revenues and Expenses and Change in Net Position For Fiscal Year 20I4 and 20I5 IV D th t& 20I2 20I3 20I4 20I5 Actual* Budget Budget Budget Operating revenue: Moorage 2,589 3, 000 3, 000 3, 000 Wharfage 13, 347 4,250 4,250 4,250 Boat Lift Fees 102, , , ,000 Power Sales 31, ,000 34,000 36,000 Storage 121, , , ,000 Rents and Leases 136, , , , 000 Miscellaneous 5, 442 1, 000 4,000 4,000 Total operating revenue: 414, , , ,250 Operating expense before depreciation: Salaries& Benefits 74,278 67,706 83,944 87, 169 Purchased Services 104, , 400 I06, ,400 Supplies and Maintenance 51, ,000 53, , 500 General and Administrative 96,589 90, , , 748 Total operating expense: 326,627 34I, 6I0 38I, ,8I7 Operating income before depreciation 88, ,688 I5,7I6 25,567 Depreciation 601, 831 ( a) 601, 831 ( b) 1, 141, 364 ( c) 1, 140,259 ( d) Operating loss 513,72I) 544,I43) 1, 125,648) I, I65,826) Non- operating revenue( expense) Investment income and other Interest expense Total non- revenue( expense) operating Income( loss) before contributions& transfers 5I2,777) 544, I43) I, 125, 648) I, 165, 826) Transfers in 123, , ,520 Capital contributions 216, Transfers out 89,964 90,764 91, ,580 Change in net position 263, 025) 596,825) ($ I, 217,068) ($ I,232, 886) Beginning net position 25, 624,963 $ 25,36I, 938 $ 24,765, 113 $ 23, 548,045 Ending net position 25,361, 938 * $ 24,765, I13 $ 23, 548,045 $ 22,3I5, I59 a Ties to annual Comprehensive Annual Financial Report Of total depreciation expense, the following amounts were attributable to capital assets funded with capital contributions: a)$ 482,529 or 80%;( b)$ 482,529 or 80%;( c)$ Million or 89%;( d)$ Million or 89%

25 CITY OF SEWARD SMIC ENTERPRISE FUND Budgeted Statement of Cash Flow f 10 ( Alt,knei For Fiscal Year 2014 and Budget Budget Budget Beginning Cash Balance at I/ 1/ 13 *: 163, 325 Cash is provided by ( used for): Change in Net Position 596,825 1, 217,068 1, 232,886 Add expense items not affecting cash Depreciation 601, 831 1, 141, 364 1, 140,259 Net cash provided by operations 5, , ,627 Other uses of cash Debt principal payments 0 ( a) 0 0 Net increase ( decrease) in cash 5, , , 627 Estimated ending cash balance: 168,331 92,627 0, Ties to CAFR a) North SMIC Dock Bond paid off in 2011.

26 Sponsored by: Hunt CITY OF SEWARD, ALASKA RESOLUTION A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE PARKING ENTERPRISE FUND BIENNIAL BUDGET FOR CALENDAR YEARS 2014 AND 2015 WHEREAS, the City Manager has submitted to the City Council a proposed biennial budget for the City of Seward for Calendar Years 2014 and 2015; and WHEREAS, the biennial budget was reviewed by the City Council in budget work sessions on September 16, 19, and 24, 2013, which were televised to the public; and WHEREAS, a public hearing is scheduled on the proposed budget for October 28, 2013 with an additional public hearing and final adoption scheduled for November 12, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The Parking Enterprise Fund budget for Calendar Years 2014 and 2015 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, 2015, is HEREBY ADOPTED, and the necessary funds are hereby appropriated. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 12 th day of November, THE CITY OF SEWARD, ALASKA Jean Bardarson, Mayor

27 CITY OF SEWARD, ALASKA RESOLUTION AYES: NOES: ABSENT: ABSTAIN: ATTEST: Johanna Kinney, CMC City Clerk (City Seal)

28 PARKING ENTERPRISE FUND Budgeted Statement of Revenue and Expenses V and Change in Net Position For 2014 and Actual* Budget Budget Budget Operating revenue- parking fees 293, ,650 $ 280,400 $ 282,500 Operating expense: Salaries & Benefits 89, , , , 992 Purchased Services 66,571 7, 970 3, 950 3, 950 Supplies and Maintenance 15, , , , 500 General and Administrative 43, , ,889 0, 941 Total operating expense: 215, , 357 $ 213,505 $ 217,383 Operating income before depreciation 78, ,293 66, , 117 Depreciation 23, , ,969 22,969 Operating income( ooss) 54, ,536 43, , 148 Non- operating revenues ( expense) Interest Income and other 3, 033 3, 700 3, 000 3, 000 Total non- operating revenue( expense) 3, 033 3, 700 3, 000 3, 000 Transfers to other funds 23, , 852 -$ 22, 672 -$ 22, 600 Change in net position 33, , ,254 22,548 Beginning net position 548, ,717 $ 598, 101 $ 622,355 Ending net position 582,717 * $ 598, 101 $ 622,355 $ 644,903 Ties to annual Comprehensive Annual Financial Report

29 CITY OF SEWARD PARKING ENTERPRISE FUND Budgeted Statement of Cash Flow For 2014 and 2015 nttf5 Qi Budget Budget Budget Beginning Cash Balance at 1/ 1/ 13 *: 464,389 Cash is provided by( used for): Change in net position 15, , , 548 Add expense items not affecting cash Depreciation 16,757 22,969 22,969 Net cash provided by operations 32, ,223 45,517 Other uses of cash Capital outlay( a) 13,000 ( a) - 25,500 ( b) - 15, 500 ( c) Net increase ( decrease) in cash 19, , , 017 Estimated ending cash balance 483, 530 $ 505, ,270 Ties to Comprehensive Annual Financial Report a) $ 13K motor pool contribution, plus $ 250,000 sealing parking lots. b) $ 13K motor pool contribution, $2,500 equipment, $ 10K striping. c) $ 13K motor pool contribution, $2,500 equipment.

30 Sponsored by: Hunt CITY OF SEWARD, ALASKA RESOLUTION A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ADOPTING THE ELECTRIC ENTERPRISE FUND BIENNIAL BUDGET FOR CALENDAR YEARS 2014 AND 2015 WHEREAS, the City Manager has submitted to the City Council a proposed biennial budget for the City of Seward for Calendar Years 2014 and 2015; and WHEREAS, the biennial budget was reviewed by the City Council in budget work sessions on September 16, 19, and 24, 2013, which were televised to the public; and WHEREAS, a public hearing is scheduled on the proposed budget for October 28, 2013 with an additional public hearing and final adoption scheduled for November 12, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The Electric Enterprise Fund budget for Calendar Years 2014 and 2015 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, 2015, is HEREBY ADOPTED, and the necessary funds are hereby appropriated. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 12 th day of November, THE CITY OF SEWARD, ALASKA Jean Bardarson, Mayor

31 CITY OF SEWARD, ALASKA RESOLUTION AYES: NOES: ABSENT: ABSTAIN: ATTEST: Johanna Kinney, CMC City Clerk (City Seal)

32 CITY OF SEWARD Comprehensive List of all Budget Changes by Fund/ Department AMENDMENTS FROM 2014/2015 PRELIMINARY BUDGET General Fund: 2014 Budget 2015 Budget Positive( negative) Positive( negative) financial impact ad' usiment Descri. tion De artment 25,000) 25,000) Add a contribution to Boys& Girl's club Contributions( 1191) 15,000) 15,000) Increase contributions to Senior Center Contributions( 1191) 13,403) 14,610) Add part-time animal control costs Animal Control( 1212) 2, 146) 3, 132) Add part-time animal control costs Debt Service( 1910) 15,000) One-time cost for property appraisals( split 50/ 50 with Harbor) Comm. Dev.( 1150) 52, 783 Freeze merit increases only during 2015 Various 8,452 Freeze merit increases only during 2015( reduces PERS) Debt Service( 1910) 55,549 11, 507 Increase sales tax estimate Revenues( 0000) Overall impact on General Fund reserves Harbor Enterprise Fund: Electric ad 15, 000 Split cost of property appraisals with Community Development 7, 959 Freeze merit increases only during , 243 Freeze merit increases only during 2015( reduces PERS) 24, 202 Overall Harbor savings( increase to Harbor reserves) 2,970 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 3,444 Overall Electric savings( increase to Electric reserves) Water Enterprise Fund: 1, 159 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 1, 350 Overall Water savings( increase to Water reserves) Wastewater Enterprise Fund: 1166 Freeze merit increases only during Freeze merit increases only during 2015( reduces PERS) 1, 357 Overall Wastewater savings( increase to Wastewater reserves) Motor Pool Fund: No proposed changes No impact on Motor Pool reserves Hospital Debt Service: No proposed changes No impact on Hospital Debt Service reserves

33 ELECTRIC ENTERPRISE FUND Budgeted Statement of Revenues and Expenses And Change in Net Position For Fiscal Years 2014 and 20I5 ( as Amended) 20I2 20I I5 Operating revenue: Sales: Residential Actual' Budget Budget Budget 3, 344,416 3, 435,232 3, 267,4I8 3, 329,56I Small General Service I,868,892 I,983, 659 1, 857,302 1, 893,594 Large General Service 4,581, I76 4,576, 589 4,74I,923 4,832,455 Harbor Power Sales 288, , ,204 3I0,958 Industrial Sales/ Special Contracts 948, , , , 573 Street& Yard Lights 68,648 76,707 70,000 70,000 Miscellaneous I23,790 73, ,000 73,000 Total operating revenue: I1,224,5II $11, 344,897 $ 11, 237,337 $ I1,44I, 141 Operating expense: Before depreciation: Salaries 938,524 1, 005,852 I,034,933 1, 060,049 Work order charges( salaries) I76, , , ,763 Employee benefits 547, , , ,696 Purchased services 424,678 5I6, , , 422 Power for resale 4,985,312 5,096,000 4,760,000 4,991,000 Supplies& maintenance 248, , , ,000 Work order charges( supplies) I23, ,000 50,000 50,000 General& Administrative 1, I32,575 1, 074, I91 1, I07,I37 1, 112,458 Total operating expense: 7,976,986 8,301, 112 8, 131, ,459,862 Operating income before depreciation 3,247,525 3, 043,785 3, 106,227 2,981,279 Depreciation 1, 721, I99 ( a) I,855, 102( b) 1, 82I,082 ( c) I,777,308( d) Earnings from operations 1, 526,326 1, 188,683 1, 285, 145 I,203,971 Non-operating revenue( expense) Interest income 119,536 50,500 72,000 72,000 Interest expense 186, , ,96I 281, 686 Other revenue( expense) 13,755 3, 200 I,000 1, 000 Total non- revenues( expenses) 80, , , ,686 operating Earnings before contributions and transfers 1, 445, ,039 1, 058, ,285 Capital contributions and special items 141, Transfers( to)/ from other funds I,084,117 1, 838,042 1, 239,306 I,255,6I0 Change in net position 503, , , ,325 21, 679,821 $ 22, 183, 184 $ 21, 257, 181 $ 21,076,059 Beginning net position 22,183, 184 * $ 21, 257,I81 $ 21,076,059 $ 20,815,734 Ending net position lies to annual Comprehensive Annual Financial Report Of total depreciation expense, the following amounts were attributable to capital assets funded with capital contributions: a)$ 937, 286 or 64%;( b)$ 1, 063,795 or 57%;( c) $ 1, 043,386 or 57%;( d) 1, 030,760 or 58%

34 ELECTRIC ENTERPRISE FUND Budgeted Statement of Revenues and Expenses And Change in Net Position For Fiscal Years 20I4 and 20I5 geolan 20I I Operating revenue: Actual* Budget Budget Budget Sales: Residential 3, 344,4I6 3, 435,232 3,267,418 3,329,561 Small General Service I,868,892 1, 983, 659 1, 857,302 1, 893,594 Large General Service 4,58I, 176 4,576,589 4,74I,923 4,832,455 Harbor Power Sales 288, , , ,958 Industrial Sales/ Special Contracts 948, , ,490 93I,573 Street& Yard Lights 68, ,707 70,000 70,000 Miscellaneous I23,790 73, ,000 73,000 Total operating revenue: 11,224,5II $11, 344,897 $ I1,237,337 $ I1,441, 141 Operating expense: Before depreciation: Salaries 938,524 1, 005,852 I,034,933 I 063, 193 Work order charges( salaries) 176, , , ,763 Employee benefits 547, , , ,696 Purchased services 424, , , , 422 Power for resale 4,985,312 5,096,000 4,760,000 4,991, 000 Supplies& maintenance 248, , , ,000 QGdO g Work order charges( supplies) 123, 3I9 225,000 50,000 50,000 General& Administrative I, I32,575 1, 074, 19I 1, 107, I37 1, 112,458 Total operating expense: 7,976,986 8,301, 112 8, 131, ,396 t6, 2 Operating Depreciation 1, 721, I99 ( a) I,855, 102( b) I,821,082 ( c) I,777,308( d) income before depreciation 3,247,525 3,043,785 3, I06,227 3,977,836 2`48 j 27 g Earnings from operations 1, 526,326 I, I88,683 1, 285, I45 1,298,52-7 3& 0344', Non- operating revenue( expense) Interest income 1I9,536 50,500 72,000 72,000 Interest expense 186, , ,96I 28I, 686 Other revenue( expense) 13, 755 3, 200 I,000 I,000 Total non- operating revenues( expenses) 80, , , ,686 Earnings before contributions and transfers 1, 445, ,039 1, 058, ' Capital contributions and special items 14I,677 Transfers( to)/ from other funds 1, 084, I,g38>042 1, 239,306 1, 255,610 Change in net position 503, ,003 I8I, Beginning net position 21, 679,82I $ 22,I83,184 $ 21, 257,I8I $2I,076,059 Ending net position 22,I83, 184 * $ 21,257,18I $ 21,076,059 $ 2 SS 20 g I ics to annual Comprehensive Annual Financial Report Of total depreciation expense, the following omounts were a wo;( d) 1030,76 or a)$ 937,286 or 64%;( b)$ 1, 063, 795 or 57%;( c) funded capital contributions: