|The City of Hoonah's fiscal year follows the calendar year January 1 to December 31. On February 15, 2011, the Hoonah City Council adopted a detailed, balanced, and realistic FY11 budget. The budget included general government operation, community services departments, and enterprise funds.
The City of Hoonah provides financial reports including a budget sheet, and revenues and expenditures reports comparing revenues and expenditures to the budgetted amount, including information regarding the precentage of the fiscal year lapsed. Different projects and programs are budgetted and accounted for individually. For instance, water operations are discussed in a 'water fund', where revenues include 'water revenue', 'late charges', and 'water hookup fee'; and expendituers include an extensive list of applicable operating costs. As of December 17, 2012, revenues for the water operations for the year were at 96.9% budgetted amounts, and expenditures were at 77.0%; while revenues for sewer operations were at 97.1% budgetted amounts, and expenditures were at 76.7%. Sufficient revenues were obtained to finance all expenses for both the water and sewer operations for the year. Excess revenues are placed in water and sewer fund bank accounts, saved for future water and sewer related expenditures.
The finance committee of the council meets once a month with the utility bookkeeper to review financial reports and current budget information. The vice-mayor brings the information to the rest of the council at their regular monthly meeting. The council received financial information in their monthly meeting packets, including a register of expenses and revenues.
The city purchases its power from the Inside Passage Electric Cooperative (IPEC) and is current on all electricity bills through December 2011. Electricity accounts for approximately 8% of the overall costs associated with operating the water and wastewater utilities in Hoonah.
The community has a bulk fuel facility owned by Hoonah Trading Company which maintains propane, gasoline, and diesel storage tanks sufficient to meet the community's needs. Hoonah Trading receives its fuel shipments from Delta Western about every two to three weeks. The city has a 'keep full' contract with Hoonah Trading with adequate funds budgeted for fuel purchases. Hoonah Trading Post reports no problems with keeping up with fuel needs in the community.
In recent years, utility revenue projections exceeded expenditures and the city did not need to subsidize the utility with interfund transfers from the general fund. In the FY11 budge the city has provided for interfund transfers totaling $80,481 to balance the water, sewer, and garbage collection budgets. This interfund transfer is approximately 40% less than the transfers made in FY10. Hoonah's financial reports show the YTD water revenues to be higher than anticipated in the budget.
The City provides water, wastewater, and solid waste utility services to the local population for the following combined fees (including sales tax):
-Regular residential: $122.26 per month
-Senior citizen residential: $74.30 per month
There is also a metered rate structure for large volume users which include Hoonah City Schools, Hoonah Cold Storage, and Point Sophia.|