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HomeMy WebLinkAboutSpecial 2006-12-11 Item 5C - Resolution - 2007-2012 Financial Planning Model & Capital Improvement Program (CIP) COUNCIL AGENDA SYNOPSIS /a/ Initials ITEM NO. .4 axe Meeting Date Prepared by Mayor's review f----council review trI. 'z 12/11/06 1 k(AF 1 li- ,r r_•- I 1 1 rsos 1 1 1 r ITEM- CAS NUMBER: 06-149 I ORIGINAL AGENDA DATE: DECEMBER 11, 2006 AGENDA ITEM TITLE Review of Final Adjustments to the 2007 -2012 Financial Planning Model and CIP. CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other Mtg Date Mtg Date Mtg Date 12/11/06 Mtg Date Mfg Date Mtg Date 12 /04/06 Mtg Date SPONSOR Council Mayor Adm Svcs DCD Finance Fire Legal P&R Police PW/ SPONSOR'S A Resolution adopting the 2007 -2012 Financial Planning Model and CIP. SUMMARY REVIEWED BY COW Mtg. CA &P Cmte F &S Cmte Transportation Cmte Utilities Cmte Arts Comm. Parks Comm. El Planning Comm. DATE: October 2, 2006 through December 4, 2006 RECOMMENDATIONS: SPONSOR /ADMIN. Approve Final Changes for Adoption. COMisn1"I'EE Forward to Special Meeting; unanimous aproval COST IM PACT /:FUND: SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $0 $0 $0 Fund Source: Comments: MTG DATE RE OF -C ACTION: MTG DATE ATTACHMENTS 12/11/06 Information Memo from Finance Director dated 12/5/06 CIP Attachments A, B and C Resolution in final form adopting the 2007 -2012 Financial Planning Model and CIP Finance and Safety Committee Meeting Minutes dated 12/4/06 To: Mayor and City Council From: Kevin A. Fuhrer, Finance Director t Date: December 5, 2006 Subject: Adoption of the 2007 -2012 Financial Planning Model and CIP One of the final steps remaining prior to adopting the 2007 -2012 Financial Planning Model and CIP is to review the changes that were identified during nearly 2 months of review and deliberation. I have also identified 2006 Budget carry over amounts. Rather than duplicating paper, I will rely upon the detail of fund adjustments that are part of this agenda packet located in the 2007 Budget item. I have included revised Attachments A, B and C that incorporate the proposed changes. In addition, the TCSC contribution that was proposed during the December 4th Council meeting has been accommodated in the Financial Planning Model. In closing, these adjustments were reviewed at the December 4 Finance and Safety Committee meeting that concluded with a unanimous recommendation to forward to the full Council. ATTACHMENT A CITY OF TUKWILA TOTAL REVENUES EXPENDITURES 2007 2012 Analysis in 000's REVENUES (see A -1) 2007 2008 2009 2010 2011 2012 Totals General Revenues Sales Tax 18,138 19,045 19,616 20,205 20,811 21,435 119,250 Property Taxes 11,000 11,275 11,625 11,915 12,213 12,518 70,546 Utility Taxes 4,003 4,163 4,330 4,503 4,683 4,870 26,552 Gambling Taxes 2,300 2,400 2,400 2,500 2,500 2,600 14,700 Contract Agreement SCL 2,050 2,132 2,217 2,306 2,398 2,494 13,597 Charges /Fees for Services 3,337 3,387 3,158 3,284 3,415 3,552 20,133 Transfers In Other Funds 2,131 2,216 2,305 2,397 2,493 2,593 14,135 Intergovernmental Revenue 1,250 677 704 732 761 791 4,915 Other Taxes /Miscellaneous 1,504 1,190 1,238 1,288 1,340 1,394 7,954 Cash Carryover 0 100 100 100 100 100 500 Subtotal 45,713 46,585 47,693 49,230 50,714 52,347 292,282 Dedicated Revenues (Capital) Real Estate Taxes 1,200 750 800 850 900 950 5,450 Motor Vehicle Taxes 421 435 455 460 470 475 2,716 Investment Interest/Misc. 605 250 250 250 250 250 1,855 Property Taxes 130 130 130 130 130 130 780 Parking Taxes 175 175 175 175 175 175 1,050 Transfers from Golf Course 0 100 100 150 150 150 650 Subtotal 2,531 1,840 1,910 2,015 2,075 2,130 12,501 TOTAL REVENUE AVAILABLE 48,244 48,425 49,603 51,245 52,789 54,477 304,783 EXPENDITURES Operations Maintenance: 42,170 43,154 44,861 46,639 48,486 50,406 275,716 (See Attachment B) Debt Service 2,067 2,067 2,067 2,067 2,067 2,067 12,402 Admin /Engineering Overhead 1,105 1,149 1,195 1,243 1,293 1,345 7,330 Subtotal Available 2,902 2,055 1,480 1,296 943 659 9,335 Capital Attachment C Neighborhood Revitalization Residential Streets 0 0 0 0 0 0 Parks Trails /ESA 1,848 85 115 115 215 185 2,563 Economic Development Bridges 365 100 100 120 120 180 985 Commercial Streets 5,243 3,121 1,048 3,740 2,858 2,016 18,026 General Government General Improvements 1,000 600 600 600 600 600 4,000 Facilities (2,742) 0 0 0 0 0 (2,742) Subtotal Capital 5,714 3,906 1,863 4,575 3,793 2,981 22,832 Balance by Year (2,812) (1,851) (383) (3,279) (2,850) (2,322) (13,497) Carryover from 2006 16,586 0 0 0 0 0 16,586 Accumulated Totals 13,774 11,923 11,540 8,261 5,411 3,089 VII 12/5/2006 ATTACHMENT B City of Tukwila General Fund Operations Maintenance Expenditures 2007 2012 Analysis in 000's EXPENDITURES 2007 2008 2009 2010 2011 2012 Totals 1 City Council 261 271 282 294 305 318 1,731 Mayor, Boards 1,541 1,540 1,602 1,666 1,733 1,802 9,884 Administrative Services 1,756 1,821 1,894 1,970 2,049 2,131 11,621 Finance 1,717 1,694 1,762 1,832 1,906 1,982 10,893 City Attorney 406 422 439 457 475 494 2,693 Recreation 3,204 3,322 3,455 3,593 3,737 3,886 21,197 Parks 947 985 1,024 1,065 1,108 1,152 6,281 Community Development 2,769 2,880 2,995 3,115 3,240 3,370 18,369 Municipal Court 1,064 1,107 1,151 1,197 1,245 1,295 7,059 Police 11,994 12,474 12,973 13,492 14,031 14,593 79,557 Fire 9,709 10,012 10,413 10,829 11,263 11,713 63,939 Public Works 3,619 3,604 3,748 3,898 4,054 4,216 23,139 Street Maintenance 2,428 2,525 2,626 2,731 2,840 2,954 16,104 Dept. 20 Miscellaneous 755 497 497 500 500 500 3,249 TOTAL EXPENDITURES 42,170 43,154 44,861 46,639 48,486 50,406 275,716 Notes: A 4.0% increase is anticipated for the years 2008 -2012 due to the expected increases in healthcare, retirement rates, and general inflationary pressures. Most of the increases will be related to salaries and benefits. Moderate COLAS are projected along with the normal annual step increases. The Rainy Day contingency and the estimated ending fund balances are not shown here as budgeted amounts because they are considered reserves to be used in emergencies. 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Q a 0 m '(0 o Z' 6 m y O 0 u_ CO LL H co U J CO a e XIV St tt f rsoa City of Tukwila Washington Resolution No. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ADOPTING THE 2007 -2012 FINANCIAL PLANNING MODEL AND THE CAPITAL IMPROVEMENT PROGRAM FOR GENERAL GOVERNMENT AND THE CITY'S ENTERPRISE FUNDS. WHEREAS, when used in conjunction with the annual City budget, the Capital Improvement Program (CIP) and the Financial Planning Model for the period 2007 -2012 are resource documents to help plan directions the City will consider for the future; and WHEREAS, the Financial Planning Model and CIP are not permanent fixed plans, but are rather guidelines or tools to help reflect future goals and future resources at the time annual budgets are being planned; and WHEREAS, the commitment of funds and resources can only be made through the annual budget process; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. The 2007 -2012 Financial Planning Model and accompanying Capital Improvement Program are hereby adopted. Section 2. The assumptions, revenues and expenditures will be reviewed and updated annually or as necessary by the City Council. Section 3. The detail of CIP projects will be reflected in the published Financial Planning Model and Capital Improvement Program 2007 -2012. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Special Meeting thereof this day of 2006. ATTEST /AUTHENTICATED: Dennis Robertson, Council President Jane E. Cantu, CMC, City Clerk APPROVED AS TO FORM BY: Filed with the City Clerk: Passed by the City Council: Office of the City Attorney Resolution Number: C: \Documents and Settings \A11 Osers \Desktop\ Kelly \MSDATA \Resolutions \Financial Planning Model CXP 2007- 2012.doc KF:ksa 12/7/2006 Page 1 of 1 Minutes Finance Safety 2 December 4, 2006 2) Ordinance adopting the 2007 budget Mr. Fuhrer noted that the council had been involved in reviewing the proposed 2007 budget. Several changes were identified as a result of this process. He reviewed the 2007 budget adjustments. Several of the changes involved carryover from last year's budget. On page 11, many of the expenditures are carrying over construction activity into 2007. Ms. Carter asked about $200,000 being expended for arterial streets. Ms. Labanara related that this was not carried over into the proposed 2007 Budget. Ms. Carter asked about the $200,000 for Andover Park West Design. Ms. Labanara related that the city will receive mitigation for that amount and, therefore, it is not considered carryover. Mr. Fuhrer noted that the Gilliam Creek Culvert project is a project that was moved to "beyond." Pages 14 and 15 are the standard form used to amend the budget. These changes have been incorporated into the ordinance which will be presented for consideration at the December 11 special council meeting. Unanimous approval to forward to 12/11 Special Meeting for adoption. 3) Resolution approving the 2007 -2012 Financial Planning Model and Capital Improvement Program Mr. Fuhrer noted that the council had been involved in reviewing the proposed 2007 Financial Planning Model and CIP budget. Several changes were identified as a result of this process. He reviewed the 2007 CIP budget adjustments. Revisions have also been made to Attachments A, B, and C. In Attachment A, the 2006 carryover has been increased by approximately $2 million because of the carryover in arterial streets. At the end of the six -year planning period, Mr. Fuhrer pointed out that the budget is within the $3 million set by council policy. Attachment B reflects the .5 FTE permit technician and minor revisions to carryovers and dates of projects. A resolution will be presented for consideration reflecting these changes. Unanimous approval to forward to 12/11 Special Meeting for adoption. New Business Ms. Carter asked about the animal control contract. Ms. Berry indicated that a draft of an interlocal agreement has been resolved. The city's attorney is drafting a list of Tukwila's ordinances and the responses expected from animal control so everyone will have the same expectations. Ms. Berry provided a briefing on discussions occurring regarding the possible creation of a regional fire district between Tukwila and the City of SeaTac. The two cities may elect to hire a consultant to prepare a study; the expenses would be split between the cities. Adjournment: 6:30 p.m. .ma Committee Chair Approval Minutes by DJ. Reviewed by RB, KF, GL, and MB.