FIN 2017-03-21 COMPLETE AGENDA PACKET

Browse Search

City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Councilmembers CC: Mayor Ekberg FROM: Peggy McCarthy, Finance Director BY: Craig Zellerhoff, Fiscal Coordinator DATE: March 14, 2017 SUBJECT: 2017 January Year to Date Financial Update Summary The purpose of the 2017 Financial report is to summarize for the City Council the general state of Departmental expenditures and to highlight significant items or trends. The following provides a high -level summary of the Departmental financial performance. The 2017 January YTD report is based on financial data available as of March 14th, 2017, for the reporting period ending January 31, 2017. Additional details can be found within the attached financial report Allocated budgets through the reporting period are calculated by analyzing spend patterns in the previous year and allocating the current year budget using the same spend pattern. If a line item had no expenditures in the prior year but a budget in the current year, the allocated budget for the current year would be zero. Departmental Expenditures General fund expenditures totaled $5.1 million as compared to a budget of $5.3 million, which is $153 thousand below budget. Notable variances are as follows: • Fire department is above budget by $71 thousand. This is attributed to the staffing of the unbudgeted pipeline positions to maintain minimum staffing levels. During the month of January, the Fire department experienced an abnormal use of unplanned leave requiring overtime to maintain minimum staffing, which resulted in higher overtime costs of $36 thousand compared to 2016. • Park department exceeded budget by $19 thousand. This is a result of the department being fully staffed in 2017 compared to 2016. They also incurred a higher level of spending on supplies in preparation for the high utilization season of the parks. 35