City and Borough of Sitka
ELECTRIC FUND
FISCAL YEAR 2013
Operating Budget
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- 174-
ELECTRIC FUND
SUMMARY OF CASH INFLOWS/OU TLAYS
CASH INFLOWS I REVENUES
FY 20 13
Budget
FY 2012
Budget
Change From
FY 2012
Budg et
FY 2012
Prolecllons
% Change From
FY 2012
Budget
Source
State Revenue
Federal Revenue
Operating Revenue
Non-Operating Revenue
Property Investments
Miscellaneous
Cash Basis
S
S
S
S
S
S
S
10,469,604
616,000
11 ,925,000
100,000
206,000
31,000
S
S
S
S
S
S
S
100,000
397 ,305
11 ,115,614
76.726
439,800
31 ,070
436,000
S
397,000
S
S 11 ,759,000
97 ,000
S
2<17,000
S
S
52 .000
S
S
S
S
S
S
S
S
10,389,604
216,695
809,186
23,274
(233,800)
(70)
0%
0%
7%
30%
-53%
0%
S
23,367 ,6 04
S
12,160,7 15
S 12,988,000
S
11,206,889
92'/.
TOTAL CASH INFLOWS I
REVENUES:
CASH OUTLAYS
FY 20 12
FY 2012
"J. Change From
FY 20 12
Operations
Operations
Budget
Operations
Budget
Change From
FY 20 12
Operations
Budget
FY 2013
~
Operating Outlays
Cash OuUays for Salaries and Benefits
Non-personnel Operating OuUays
Tota l Operating Outlays:
S
S
$
3,908,578
8.030,674
11 ,939,253
S
S
S
3,938,416
7,493,379
11,431 ,796
S
S
10,000
12,259,353
12,269,3 53
S
S
S
' ,002 ,409
1,002,40 9
TOTAL CASH OUTLAYS:
S
24 208.606
$
12,434,205
IN CREASE IN UNRESTRICTED
WORKING CAPITAL
S
{841 1OO21
s
{273 1490!
Capital Outlays
Fixed Asset AcqulslUon
Transfers to Capltat Projects
Total Capital Outlays:
S
- 175-
Prolectlon~
S 3,481,000
S 9,038 1000
S 12,S 19,000
S
S
S
S
S
S
(29,838)
537,295
S07 ,4S8
-1%
7%
4-/.
973 ,438
973,438
S
$
10,000
11 ,256,94 4
11,266,944
0%
1123%
1124%
S 13,492.438
S
11 .774,401
9So/.
S
$
{504,438 1
s
{S67 tS12!
-208'/0
City and Borough of Sitka
Sitka, Alaska
FY 2013 Budget
Fund : 200 - Electric Fund
Cash Inflows I Revenues
Account
Number
300-310-3 101.003
300-310-3101 .005
300-310-3 101.017
Revonue
Descril2llon
State Revenue
Revenue Sharing
Grant Revenue
S
S
S
PERS Relief
Subtotal:
300-315-3151.004
300-3 15-3 161.001
Federal Revenue
Federal Subsidy · Interest - FY12
ARRAGrant
Subtotal:
300-340-340 1.000
300-340-3402.000
300-340-3403.000
300-340-3404.000
300-340-3405.000
300-340-3406.000
300-340-3407 .000
300-340-3408.000
300-340-3409.000
300-340-3491 .000
300-350-3501 .001
300-350-3501.002
300-350-3501.003
300-360-3610.000
300-360-362 1.000
Operating Revenue
Electricity - Residential
Electricity - Commercial
Electricity - Harbor
Electricity - Public Authority
Eleclricity - SCIS
Electricity - Inler Dmnd
Yard/Streel Lights
Electric - Other
Electric - Diesel Surcharge
Jobbing - l abor
300-390-3902.000
300-390-3990.000
S
S
S
S
S
S
S
S
S
S
S
S
S
Subtotal:
S
Non-Operating Revenue
Connection Fees
Pole Contracts
Other Electric Revenue
Subtotal:
S
S
S
2012
2012
Budget
Proje ctions
100,000
430,437
11 9,824
650,261
S
S
S
100,000
S
S
S
100,000
346,608
29,073
375,681
S
S
S
4,678,19 1
2,917,524
401 ,639
2,024,367
476,226
137,3 12
104,411
29,771
540,058
11,309,500
100,000
S
S 10.389,604
S
S
436,000
$ 10,489,604
397,305
S
S
397,000
S
S
616,000
397,305
S
397,000
S
616,000
S 4,604 ,747
S 2,905,782
S 401 ,006
S 2,026,124
S 500,01 2
S 118,115
S 104,530
39,517
S
S
S
S
S
S
S
S
S
S
S
4 ,727,000
3,080,000
388,000
1,949,000
547,000
2,000
98,000
36,000
800,000
132,000
11,759,000
S
S
S
S
S
4,973,000
3,201,000
433,000
2, 188,000
540,000
S
S
S
415,981
S 11,115,814
S
S
S
S
S
37,446
39,280
76,726
Property Investm ents
Inleresllncome
S
363,831
S
S
S
439,800
Cost Fixed Assets
S
439,800
S
1,000
Miscollaneous
Miscellaneou s
Cap C. Local
Bad Debts Colleded
$
363,831
(2,283)
S
S
S
S
Subtotal:
S
Cash Basis
Assessments · PrindpaJ
Net Pension Obiligalion WO
Subtotal:
S
S
$
Total El ectric Fund Revenuo:
S
26,374
24,091
12,791 ,624
-176 -
2013
Budget
100,000
336,000
37,446
30,8 13
68,259
Subtotal:
300-380-3807.000
300-380-3812.000
300-380-3820.000
$
2011
Actual
S
$
S
S
S
S
$
55,000
42,000
97,000
S
S
247,000
$
247,000
S
34,000
S
$
11 3,000
43,000
180,000
254,000
S 11,925,000
S
S
S
$
60,000
40,000
100,000
S
206,000
S
$
206,000
S
1,000
S
S
30,070
31,070
S
S
S
S
S
18,000
52,000
S
S
S
S
$
S
$
$
S
S
$
$12,160,715
$
12,988,000
30,000
31,000
$ 23,367,604
CITY AND BOROUGH OF SITKA
ELECTRIC FUND
ITEMIZED REVENUES
AMOUNT
DESCRIPTION
ACCQUNT#
STATE REVENUE
100,000
S
S
10,389,604
$
10,489,604
S
$
616,000
616,000
OPERATING REVENUE
Electricity - Residential
Residential Electricity Charges
S
4.973,000
electriCity - Com mercial
Commercial El ectricity Charges
S
3.20 1,000
Electricity - Harbor
Harbor I Moored Boat Electricity
S
433,000
Electricity · Publ ic Authority
Governmental Agency El eclriciiy Cha rges
This includes General Fund Bul1dlngs paying
S
2, 188,000
Electricity - SC IP
Elecllicity Supplies to Sawmill Cove Industrial Park
S
540,000
300·3 40·3406. 000
Interruptable Demand
S
300·3 40·3 407 .000
Yard I Street Light
Private Street U ght Contracts
S
113,000
Electric - Other
Hookup Fees
S
43,000
300-340-3409.000
Diesel Surcharge
S
160,000
300-340·349 1.000
Jobbing - l abor
Billings to Capital Projects
Billings to other funds and citizens
S
2540QQ
11,925,000
300-310-3 101.003
300-310-3101 .0 05
Diesel Surcharge
Grant Revenue
Subtota l:
FEDERAL REVENUE
300·315·3 151 .004
Federal S ubsidy
Subtotal:
300·340 ·3401.000
300·340·3402.000
300·340·3403.000
300-340 -3404.000
300·340·3405.000
300·3 40·3408.000
Subtotal :
300-350-3501.001
300-350-3501.002
300-350-3501.003
300 -360 -3610. 000
300-380·3807.000
300-380·3820.000
$
NON-OPERATING REVENUE
ConnecUon Fees (included in Electric - Other)
First nme Eteclricily Connection Fees
S
Pole Contra cts
Private Power Pole Contracts
S
60 ,000
Subtotal :
S
S
40 000
100,000
Subtotal :
S
S
206,000
206,0 00
S
S
1,000
3Q OOQ
31,000
Other Electric Revenue
OisconnecVReconnect Fees
PROPERTY INVESTMENTS
Interesl lncome
MISCELLANEOUS
Miscellaneous
Bad Debts Collected
Subtot al:
Tolal :
- 177 -
$
S 23,367,601
City and Borough of Sitka
Sitka, Alaska
FY 2013 Budget
Fund: 200 - Electric Fund
Operations Budget
Cash Outlays for Operations
Account
Number
Expense
2011
2012
2012
2013
Desc ription
Actual
Budget
Projections
Budget
S 1,805,853
S 139,350
$ 2,084,882
102,371
$
194,160
S
S 1,557,003
S 3,938,416
Sa laries and Benefits
5110.001
5110.004
5110.010
5120.000
Salaries & Wages
Overtime
Temporary Employees
Benefits
Total Salaries & Benefits
5201 .000
5202.000
5203.000
5203.004
5203.005
5204.000
5205.000
5206.000
5207.000
5208.000
5211 .000
5212.000
5214.000
5221 .000
5222.000
5223.000
5224.000
5226.000
5227.000
523 1.000
5290.000
5295.000
5297.000
7302.000
7200.000
Travel and Training
Uniform Allowance
Utilities
Solid Wasle
Heating Fuel
Telephone
Insurance
Supplies
Repairs and Maintenance
Building Maintenance Fees
S 145,272
$ 1,378,790
S 3,469,265
S
S
S
S
S
1,869,000
119,000
137,000
1,356,000
3,481,000
$2,185,257
$113,959
$116,640
~1 492 ,723
S 3,908,578
Non -personnel Operation Outlays
MIS Fees
S
S
S
S
S
S
S
S
S
S
S
S
15,034
4,380
6,152
293,384
18,781
485,934
272,963
172,327
10,924
83,571
815,921
880,012
184,920
21 ,986
33,960
14,631
1,433
76 ,373
48,939
43,722
1,671,717
9,759
1,130,000
S
S
S
S
S
S
S
S
$
$
$
$
S
48,000
8,100
3,500
58,500
16,500
487,000
287,500
208,000
12,200
84,075
483,750
875,976
181,154
25,000
42,300
24,500
4,000
75,000
49,200
79,500
3,024,606
19,300
1,394,689
1,029
S
S
S
S
30,000
4,000
4,000
S
997,000
19,000
487 ,000
183,000
186,000
55,000
84,000
1,297,000
876,000
135,000
26,000
36,000
20,000
1,000
90,000
58,000
27,000
3,038,000
1,000
1,384,000
S
S
S
$
S
S
S
S
S
S
Con tracted/Purchased Services
Inlerdepartment Services
Transporta lionNeh ides
Postage
Tools & Small Equipment
Dues & Publications
Advertising
Rentals - Building/Equipment
Credit Card Expense
Other Expense s
Interest
Debt Adminis trative Expense
Debt Principal Payment
Transfer 10 Other Funds
Total Non-po rso nnel
Operating Outlays:
S 6,296,824
$ 7,493,379
S
Total Operating Outlays:
$ 9,766,088
S 11,431,795
S 12,519,000
S
S
S
S
$
S
S
S
$
S
S
S
S
-178-
S
S
$
S
S
S
S
$
S
S
S
S
$
S
$
S
$
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
$
$
S
S
S
S
S
S
$
26,250
8,100
4,000
190,080
26 ,300
434 ,685
277,300
175,500
41,016
84,075
562,750
919,334
305,876
27 ,000
31 ,500
21,000
4,000
83,200
49,200
78,100
2,635,026
1,000
2,045 ,383
S
9,038,000
S
8,030,674
S 11,939,253
ELECTRIC FUND
ITEMIZED EXPENSES
ACCOUNT#
DESCRIPTION
AMOUNT
TRAVEL AND TRAINING
600-601-5201.000
600-602-5201.000
600-603-851 -5201.000
600-605-5201 .000
600-606-5201 .000
S
S
S
S
S
S
S
S
S
S
S.E. Conference - Energy Comm.- Utility Director
S.E. Conference - Annua l Meeling - Utility Director
NWPPA Board of Trustees - Ulility Director
Lobbying & Government Relations - Utility Director
Professional Development
PE Required CEU's
Materials Management -NWPPA
Sa fety & Training - Ope ralors/MechanicsfTechnicians
Job training & safety- lineman
Metering - Meier Technicians
Subtotal:
$
1,000
3,000
5,000
1,000
4,000
3,000
3,000
1,250
5,000
26,250
UNIFORM ALLOWANCE
600-602-5202.000
600-603-651-5202.000
600-605-5202.000
600-606-5202.000
Work clothing
S
S
Work clolhlng
Arc -Flash Protection Kit - Levell!
S
Arc -Flash Protection Kit - Level IV
S
Work clothing
Work clothing
S
S
Subtotal:
S
350
3,150
600
1,200
1,750
1,050
8,100
HEATING OR DIESEL FUEL
600-601-5203.005
600-603-850-5203.005
600-603-851-5203.005
600-603-852-5203.005
Public Service Complex - Office/warehouse/Diesel Plant
Station Service Stand-by Generator Fuel
Station Service Stand-by Generator Fuel
Diesel Fuel - Power Generation
S
S
S
Subtotal:
S
S
13,920
580
580
175,000
190,080
TELEPHONE
600 -601-5204.000
600-603-851-5204.000
Subtotal:
S
16,000
4,800
3,500
2,000
26,300
27 FI Boat, the "Stray Current" fuel & oil supplies
General office supplies
Engineering office supplies
Balleries, tape, ear plugs, ribbon, warehouse supplies, lubricants, rags
Oil filters , oil & grease, solvents/degreasers, sorba l,
cleaning supplies
oa, flllers, solvent cleaners, sorballs, ACAD supplies,
office supplies, cleaning supplies
Oil, fillers, antifreeze, solvenl & degreasers, office supplies, sorbenls
Oil/fillers/sorbals
Transformer oil and fillers, herbicides, slings/grips, U/G line projects
Transformer oil and filters, herbicides, slings/grips
Distribution line hardware
Meiers & metering transformers/parts
Jobbing Malerials
Subtotals:
S
S
S
S
S
1,000
4,000
2,500
17,500
7,500
S
12,000
$
29,800
500
10,000
500
80,000
12,000
100,000
277,300
Telephone Service - Existing Service
SCADA Service Upgrade
Service Upgrade 1 - time cost
Blue Lake Powerhouse
S
S
S
S
SUPPLIES
600-601-5206.000
600-602-5206.000
600-603-850-5206.000
600-603-851 -5206.000
600-603-852-5206.000
600-603-853-5206.000
600-604 -860-5206.000
600-604-861 -5206.000
600-605-5206.000
600-606-5206.000
600-635-5206.000
-179-
S
S
$
S
S
S
S
ELECTRIC FUND
ITEMIZED EXPENSES
ACCOUNT #
600-£01· 5207.000
600-£02· 5207.000
600-£03·850·5207.000
600-£03·851·5207,000
600-£03·852·5207.000
600-£03·853·5207.000
600-£0 4·860·5207.000
601·604·861·5207.000
600-£0 5·5207.000
600-£06·5207 .000
DESCRIPTION
REPAIRS AND MAINTENANCE
AMOUNT
Repairs & Maintenance ~ Office Equipment
Repairs & Maintenance - Warehouse
Turbines , generators , ancilary equipment , controls,
switchgear, building & grounds, SCAOA. fencing. security
Turbines , generators, and lary equipment . controls,
switchge ar, relays & metering, small hydras, station service,
building & grounds,hyd raulic oi l filtering sets
Ge nerators
S
S
Diesel Engines
Switchgear
Ancillary parts
Controls
SCADA
Yard
04 spare parts
FM spare parts
Controls, relay & metering,SCADA. station service.
building & grounds, restore security fencing (material only)
Eleclrica l line materi als
Transmission substation parts
Streellighling repairs, raplor retrofit , overhead line ,
Underground line , Christmas lights
Test set calibration, Harbor Meier Upgrades
Subtotal:
S
1,000
500
35,000
S
30,500
S
S
S
S
S
S
S
S
S
S
4,000
10,000
5,000
3,000
2,500
5,000
5,000
8,000
11 ,500
8,000
S
S
S
1,000
4,000
30,000
S
11,500
175,500
$
BUILDING MAINTENANCE FEES
600-£01·5208.000
S
S
S
Building mainL Fund - building repairs
Flush Sprinkler System
Replace garage door
Subtotal:
$
11 ,016
15,000
15,000
41 ,016
CONTRACTED/PURCHASED SERVICES
600-£0 1·5212.000
600-£03·850·52 12.000
600·603·851·52 12.000
600-£03·852·5212.000
600·603·853·52 12.000
600·604·860·52 12.000
Janitorial Services
Audit Fees
Office machine maintenance contracts
ArcGis Mainte nance
Professiona l Services Contracts · Engineering
Lobbying· portion of City Lobbyist fee
Miscellaneous technical services
AutoC ad/SKM License
Snow/Debris removal
GIL road maintenance
Service engineering & troubleshooting
SCADA service engineering
Independ ent Consulta nt Part 12 Inspection - due Sept. 1, 2012
Debris Remova l
Road Maintenance
Service engineering
SCADA software agreement
SCADA service engi nee ring
Blue Lake Emergency Action Plan FUn ctional Exercise
Snow remova l
Part 12 Inspection follow up items
EPA RICE NESHAP Subpart 1222 Evaluation
Service Engineering
General Contracting
SCADA Service Enginee ring
Roof Repa ir Marine Street Substati on
Prof. Services, equip. testing
Transmission tine inspection
Therm og raphy services
- 180-
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
S
$
S
S
S
4,000
6,250
3,000
500
50,000
45,000
5,000
2,500
10,000
50,000
5,000
5,000
50,000
25,000
15,000
11 ,000
5,000
15,000
15,000
20,000
10,000
5,000
10,000
10,000
5,000
10,500
4,000
4,000
4,000
ELECTRIC FUND
ITEM IZED EXPENSES
ACCOUNT #
600-604-861-5212. 000
600-605 -5212.000
600-606-5212.000
DESCRIPTION
AMOUNT
8,000
125,000
20,000
5,000
562,750
$
S
S
S
S
Paint Bl Switchyard Structures, transformers & switches
Clea r distribution right of ways and remove danger trees
Engineering Services (Halibut Point Road)
Hunt Technologies - Turtl e Technical support services
Subtotal:
INTERDEPARTMENT SERVICES
600-601-5214.000
Subtotal:
$
919,334
919,334
Subtotal :
S
S
27,000
27,000
S
S
S
S
S
S
S
S
$
3,000
5,0 00
2,000
3,000
5,000
1,500
10,000
2,000
31,500
S
S
5,000
6,000
S
S
S
S
S
S
5,000
2,000
250
150
100
500
1,500
500
21,000
Ad min. Services
S
POSTAGE
600-601-5222.000
Billing fmail (USPS in crease)
TOOLS & SMALL EQUIPMENT
600-601-5223.000
600-602- 5223.000
600-603-850-5223.000
600-603-851-5223.000
600-603-852-5223.000
600-604-860-52 23.000
600-605·5223. 000
600-606-5223.000
Office equipment & fumishings
Hand tools, related line tools, voltag e testers, socket sets. saw blades
Hand tools
Hand tools and lesl equipment
Hand toots and test equipment
line construction - hand tools
Li ne construction - hand tools and hot sli cks
Metering 1001s
Subtotal:
DUES & PUBLICATIONS
600-601-5224.000
600-602-5224.000
600-603-851 -5224.000
600-605-5224.000
600-606-5224.000
America n Public Power Associa tion
Northwest Public Power Association
Renewable Energy Alaska Project
Books, codes, publications
2012 Nationa l Hydropower Conference - Sponsor
Warehouse Management & Con trols Systems
Filemaker Advisor
Miscellaneous publications
Trade joumals and papers
State Lice nses
Books, codes, reference manuals
S
S
Subtotal:
$
ADVERTISING
600-60 1-5226.000
S
S
Help wantedfJobs for bid, etc.
Public Service Announcemenls
Subtotal:
- 181 -
$
2,000
2,000
4,000
ELECTRIC FU ND
ITEMIZED EXPENSES
ACCOUNT #
DESCRIPTION
AMOUNT
RENTALS - LAND, BUILDINGS, EQUIP.
600-B03-850-5227.002
600-B03 -851-5227.002
S
Federal Land Use Fees (FERC)
Administrative Charges (FERC)
Federal Land Use Fees (FERC)
Administrative Charges (FERC)
S
S
S
Subtotal:
$
15,200
28,000
24,000
16,000
83,200
OTHER EXPENSES
600-B01-5290.000
600-B03-850-5290.000
600-603-851-5290.000
S
S
S
S
S
S
S
S
S
S
Misc ]\ems
Employee Wellness Program
Abutment drain and dam movement review
Dam movement surveys- (4)
2007 Part 12 follo\'lUp requirements
USGS stream monitoring
Dam movement monitoring
FERC consulling
Emergency Action Plan - funtional exercise
FERC Part 12 mandated fotlow-up requirements
Subtotal:
$
2,000
3,000
4,000
3,000
5,000
46,100
3,000
5,000
2,000
5,000
78,100
INTEREST
600-650·5295.000
S 2,296,332
S 338,693
2010 Municipal Utilities Refunding Bond Issue
AJaska Energy Authority Nole
Subtotal:
$ 2,635,026
Subtotal:
S
DEBT ADMINISTRATIVE EXPENSE
600-650-5297 _000
2010/2011 Series Municipal Utilities Refunding Bond Issue
S
1,000
1,000
DEBT PRINCIPAL PAYMENT
600-650-7301.000
600-B50-7302.000
S 275,383
S 1,770,000
Alaska Energy Authority Note
2010 Municipal Utilities Refunding Bond Issue
Subtotal:
- 182 -
$ 2,045,383
Capital Budget
ELECTRIC FUND
2013
-183-
City and Borough of Sitka
Fund 200 - Electric Fund
FY 2013 Capital Budget Summary
New Appropriations
for FY 2013
Capital Projects:
$
12,259,353
$
10,000
Fixed Assets:
Machinery/Equipment
Subtotals: "'-$_
Total Planned Capital Expenditures:
-1 84-
_ _ _1~0~,0~O~O
$
12,269,353
City and Borough of Sitka
Fund 200 - Electric Fund
Capital Budget
Cash Outlays for Capital Construction and Fixed Asset Acquisitions
Summary of Direct Transfers of Capital to Capital Projects or Other Funds
Electric Fund Department #200·6 00·680
New Appropriation
Account
Number
for FY 2013
Amount
Fund/Project Name
Capital Projects
710·600·630·5212.000
$
36,000
663,749
1,000,000
120,000
10,389,604
50,000
$
12.259,353
$
10,000
$
$
7200.000 SCADA System Enhancements
HPR Line Kramer to Granite Creek
EPA Diesel Compliance
Replace Roof
Blue Lake Expansion
Transmission & 1220 Upgrade
$
S
$
Total Direct Capital Transfers:
Fixed Asset Acquisition
Electric Fund Department #200·600·670
Machinery/Equipment
7106.000 Mercury 250 XL Verado (shared "Ih Harbors)
$
Total Machinery/Equipment:
Total Planned Capital Expenditures:
-185-
$
10,000
$ 12,269,353
Construction in Progress for Electric Fund Capital Projects
Fund 710
DESCRIPTION
Project Name
AMR
81ue Lake FERC License Mitigation
Blue Lake Power Plant Improvements
Blue Lake Sub - Paint & Maint
BL LK Third Tu rbine & Dam Upgrade
Building Electric Heat Conversions
Demand Side Load Management
Feeder Improvements
Green Lake FERC Compliance
Green Lake Powerplantlmprovements
HPR to Kramer Line Riser
Island Improvements
Jarvis St Diesel Capacity Iner
Jarvis St Improvements
Jarvis Tank Inspection
Jeff Davis Line Upgrade to 3 Phase
Marine SI Sub - Paint & Maint
Medvejie Hatchery Transformer Replacement
Microwave or Optic Fiber
SCADA System Enhancements
SMC Road Upgrades Feeder Express
Thimbleberry - Blue Lake Tie Line 69kv
Transmission & 1220 Upgrade
Water Tower Radio Repeater
Project
Number
80040
90610
63003
90716
90594
63005
90628
80003
63010
90562
90645
90261
90646
90717
90647
90563
90718
90672
90611
904 10
90512
90597
90648
90649
- 186-
Expenses &
Encumbrances
as of 12131/11
Budg et
347 ,742
442,192 $
100,000 $
1,210
438,339 $
353,919
50,000 $
42,262,413 $ 25,613,840
800,000 $
439,50 1
160,300 $
15,930
1,320,064 $
1,109,449
122,000 $
49,870
577,721 $
419,963
920,000 $
644,999
324,500 $
112,922
50,000 $
13,310
61 ,163 $
468,675 $
50,000 $
4,000
54,000 $
225,000 $
149,782
404,482 $
20,553
214,635 $
200,519
300,000 $
155,425
328,434 $
48,933
50,000 $
25,000 $
19,844
Approved
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
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- 187 -
City and Borough of Sitka
Electric Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Fiscal years Ended June 30, 2011
and as Projected for the Fiscal years Ending June 30, 2012 and 2013
2011
Operating Revenues:
2012
2013
$
11,401,523
$
11,908,000
$
12,056,000
Salaries and benefits
Depreciation and amortization
Other operating expenses
$
$
$
3,469,265
1,987,558
3,527,775
$
$
$
3,481,000
1,987,560
4,615,000
$
$
$
3,852,363
1,987,560
3,334,265
Total Operating Expenses:
$
8,984,598
$
10,083,560
$
9,174,188
Operating Income (loss):
$
2,416,925
$
1,824,440
$
2,881,812
Nonoperating revenues
Nonoperating expenses
$
$
610,810 $
(1.725 ,198) $
644,000 $
(2,636,026) $
822,000
(2,627,135)
Total Nonoperating Revenues and Expenses:
$
(1,114,388) $
(1,992,026) $
(1,805,135)
Income (Loss) Before Contributions
and Transfers:
$
1,302,537
$
(167,586) $
1,076,677
Capital Contributions
NetTransfers IN/(Out)
$
4,039,237
$
$
336,000
100,000
$
$
$
10,389,604
100,000
Change in Net Assets:
$
5,341,774
$
268,414
$
11,566,281
Net Assets, Beginning of the Year:
$
44,915,646
$
50,257.420
$
50,525,834
Net Assets, End of the Year:
$
SQ,2SV120
S
5Q,525,83'1
S
62,092,115
Operating Expenses:
Nonoperating Revenues and Expenses :
- 188 -
City and Borough of Sitka
Electric Fund
Statement of Net Assets
As Of June 30,2011 and as Projected for Jun e 30, 2012 and 2013
As
As
Projected
Projected
June 3D,
June 3D,
June 30,
2011
2012
2013
Current Assets:
Other current assets
32,854,094
2,664,865
1,787,596
26,356,075
441,000
20,000
42,382,356
441,000
20,000
Total Current Assets:
37,306,555
26,817,075
42,843,356
74,717,583
80,000,000
287,000
100,000,000
287,000
74,717,583
80,287,000
100,287,000
112,024,138
107,104,075
143,130,356
Other current liabilities
2,345,149
1,384,411
102,986
242,000
2,034,689
45,000
242,000
2,120,383
45,000
Total, CUrrent liabilities:
3,832,546
2,321,689
2,407,383
56,192,597
54,209,552
78,583,858
188,626
47,000
47,000
Total Non-Current liabilities:
56,381,223
54,256,552
78,630,858
Total liabilities:
60,213,769
56,578,241
81,038,241
Net Assets:
51,810,369
50,525,834
62,092,115
112,024,138
107,104,075
143,130,356
Equity in Central Treasury
Acco unts receivable
Non-Current Assets
Property, Plant and Equipment, Net
Other Non-Current Assets
Total Non-Current Assets:
Total Assets:
Total liabilities and Net Assets :
liabilities
Current Liabilities:
Accounts payable
Current portion long term debt
Non-Current liabilities
Bonds Payable
Loans Payable
Other Non -Current liabilities
Total Liabilities and Net Assets:
- 189 -
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- 190 -