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HomeMy WebLinkAboutRes 2010 - DOCUMENT: 2021-2026 Financial Planning Model and Capital Improvement Program Djuz!pg!Uvlxjmb-!Xbtijohupo 3132—3137!! GJOBODJBM!QMBOOJOH!NPEFM!BOE!! DBQJUBM!JNQSPWFNFOU!QSPHSBN Bepqufe!Efdfncfs!8-!3131!! cz!Sftpmvujpo!Op/!3121 64se!Bwfovf!Tpvui!Tusffu!Jnqspwfnfout City of Tukwila, Washington To provide superior services Caring The city of opportunity, that support a safe, inviting and Professional the community of choice healthy environment for our Responsive residents, businesses and guests. A community of inviting neighborhoods and vibrant business districts Cultivate community ownership of shared spaces. Build a broad and collaborative approach to preventing crime and increasing the sense of safety. Focus City planning and investments on creating a connected, dynamic urban environment. A solid foundation for all Tukwila residents Strive for excellent education, vocational supports, and personal growth opportunities Encourage maintenance, improvements and diversity in the City’s housing stock. A diverse and regionally competitive economy Embrace the City’s economic potential and strengthen the City’s role as a regional business and employment center. Strengthen the City’s engagement and partnership with the business community. Advance Tukwila’s interests through participation in regional partnerships. A positive community identity and image Improve the City’s ability to build trust and work with all members of the Tukwila community. Facilitate connections among Tukwila’s communities. Promote a positive identity and image of Tukwila. City of Tukwila Allan Ekberg, Mayor ! 7311!Tpvuidfoufs!Cpvmfwbse!!Uvlxjmb-!Xbtijohupo! Ufm!317.544.2911!!xxx/uvlxjmbxb/hpw! January 7, 2021 Dear Tukwila City Councilmembers and Community, I am pleased to present the final 2021-2026 Capital Improvement Program (CIP) to the members of the Tukwila City Council and broader community. The CIP is a critical planning document and companion of the broader biennial budget that outlines rs. Like every other jurisdiction in the region, Tukwila has been adversely impacted by revenue reductions associated with the coronavirus pandemic. Due to the collaboration with the Council, the City was able to respond early and make difficult financial and service decisions that placed the City in a better place to create a balanced 2021- values of caring for our community, professionally serving our residents and businesses and being responsive to our youth, families and seniors. These actions, as well as additional savings identified in the 2021-2022 budget have allowed the City to develop a CIP that maintains critical infrastructure investments. I am excited to share with you some of the highlights. Public Safety Plan In November of 2016, the public entrusted the City with additional resources to support the and the City has been good stewards of these funds. The projects are on-time and on-budget and some have already opened. This CIP continues that commitment. Here are the highlights of the Public Safety Plan CIP projects: Opened the Justice Center and Fire Station 51 on-time and on-budget Will open new headquarters Fire Station 52 in 1 Quarter 2021 on-time and on-budget st Phase I - Public Works Fleet and Facility services is scheduled to go out to bid this year to take advantage of a competitive bidding environment, with construction scheduled to be completed in 2021. This will move our staff to a seismically safe building that will also meet regulatory standards. Additional investments in our arterial streets, utilities and bridges are also key, particularly given the role we play as an economic engine for the entire state. The economic health of our region relies on the ability of goods, employees, and shoppers to get in and out of our central business district and employment centers on the north and south ends of our city. Here are some examples of critical investments being made in our community in this CIP: Utilities this budget increases the level of investment to implement strategic plan goals of upgrading facilities, ensuring future water storage for our community, improving fish passage, and maintaining our levees. Street Overlays the Proposed 2021-2022 budget restores overlays to originally planned levels of $1.4 million per year to maintain our high pavement rating. 42nd Ave South Bridge included in the CIP is approval for 30% design to ensure we are competitive for grants at the state and federal level. Our state legislators and funding partners all recommend moving forward with design to be more competitive for grants and future funding for this deficient bridge that serves our Allentown community. Planning for teens and seniors this CIP includes funding for the initial programming and feasibility study of a new teen and senior center in the Tukwila International Boulevard neighborhood. Outreach and community engagement will begin in the first quarter of 2021 to ensure this proposed new facility includes programs and amenities to support our diverse senior and teen communities. These are just some of the investments we will make over the coming biennium, all of which are consistent with our adopted Strategic Plan and the budget priorities previously identified by the Council and Administration. The CIP is a living document that will be used as a roadmap and planning tool, particularly as we identify additional grants to fund projects in future biennia. We have a lot of investments ahead in our community, and even during difficult budget times, it is critical that we continue these investments to ensure the long-term sustainability of our economy, infrastructure, and community. Sincerely, Allan Ekberg Mayor 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 2 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 3 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 4 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 5 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 6 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 7 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 8 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 9 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 10 2021 – 2026 Financial Planning Model and Capital Improvement Program Page 11 CITY ADMINISTRATION Mayor Allan Ekberg City Administrator David Cline Deputy City Administrator Rachel Bianchi City Attorney Kari Sand Finance Director Vicky Carlsen Community Development Director Jack Pace Parks and Recreation Director Rick Still Interim Public Works Director Hari Ponnekanti Fire Chief Jay Wittwer Interim Police Chief Eric Drevers Human Resources Director Juan Padilla Deputy Administrative Service Director/CIO Joel Bush City Clerk 2021 2026 ADOPTED FINANCIAL PLANNING MODEL AND CAPITAL IMPROVEMENT PROGRAM PREPARED BY: PUBLIC WORKS PERSONNEL FINANCE PERSONNEL Hari Ponnekanti Vicky Carlsen Gail Labanara Tony Cullerton Ryan Larson Jeff Friend Cyndy Knighton Richard Takechi Adib Altallal Aaron Williams Adam Cox Sherry Wright Mike Perfetti Diane Jaber Mike Ronda Cindy Wilkens Scott Bates Joanna Fortenberry Greg Villanueva Elveena Narayan Russell Betteridge Karen Fricke Tanya Taylor Dalene Qualls Jenn Ronda CITY OF TUKWILA ADOPTED 2021 - 2026 FINANCIAL PLANNING MODEL & CAPITAL IMPROVEMENT PROGRAM TABLE OF CONTENTS Page Resolution No. 2010 - Adopted Planning Model and CIP for Period 2021 - 2026 I Resolution No. 2014 Financial Policies III Resolution No. 1840 Debt Policies X Planning Model Summary 6-Year Financial Forecast - Revenues & Expenditures Governmental FundsXIX Attachment B General Fund Departmental ExpendituresXXI Operating Transfers - Debt ServiceXXV Attachment C General Government Capital Projects Funding by City and Other SourcesXXVIII Attachment D Water Enterprise Fund SummaryXXXII Attachment E Sewer Enterprise Fund SummaryXXXIV Attachment F Surface Water Enterprise Fund SummaryXXXVI Attachment G Golf Enterprise Fund SummaryXXXVIII Capital Improvement Program General Government Residential Streets 103 Fund1 Bridges/Arterial Streets 104 Fund7 Parks & Trails 301 Fund 25 Urban Renewal 302 Fund 41 General Improvements 303 Fund 45 Public Safety Plan 305 Fund 49 City Facilities 306 Fund 55 Enterprise Funds Water Projects 401 Fund 59 Sewer Projects 402 Fund 67 Surface Water 412 Fund 77 Golf Course 411 Fund 95 2021 - 2026 Financial Planning ModelIII 2021 - 2026 Financial Planning ModelIV 2021 - 2026 Financial Planning ModelV 2021 - 2026 Financial Planning ModelVI 2021 - 2026 Financial Planning ModelVII 2021 - 2026 Financial Planning ModelVIII 2021 - 2026 Financial Planning ModelIX 2021 - 2026 Financial Planning ModelX 2021 - 2026 Financial Planning ModelXI 2021 - 2026 Financial Planning ModelXII 2021 - 2026 Financial Planning ModelXIII 2021 - 2026 Financial Planning ModelXIV 2021 - 2026 Financial Planning ModelXV 2021 - 2026 Financial Planning ModelXVI 2021 - 2026 Financial Planning ModelXVII 2021 - 2026 Financial Planning ModelXVIII 6-Year Financial Plan 2021 2026 Analysis XIX 2021 2026 Financial Planning Model -2022 and 2023-2024 biennium, but not in2025 or2026 due to conservative budget projections. This is consistent with 6-year forecasts found in previously adopted budgets. With many unknowns regarding the COVID-19 pandemic estimates are extremely conservative for the upcoming biennium. If revenues exceed expectations in 2020 and 2021, it is very likely that 2025 and 2026 will meet reserve policy as well without changes to capital or operational plans. All ongoing expenditures and debt service requirements are met without drawing down fund balance. The 6-year financial plan is used for planning purposes only and is updated with each budget cycle. The plan will be adjusted as necessary to ensure the Reserve Policy continues to be met in each year. The Reserve policy, as revised in 2015, requires a general fund minimum fund balance of 18%, as calculated on the prior year ongoing general fund revenue. Also, a new discretionary reserve was added to the policy. Under this section, 10% of one-time revenue realized in the previous year will be set aside as a one-time revenue reserve, to the extent doing so does not negatively impact compliance with the general fund minimum fund balance requirement. Indication of compliance with the new minimum balance reserve requirement and the former requirement is demonstrated in the chart below. Expenditures in 2021 through 2026 have been projected to increase based on the chart below. Expenditures will be closely monitored to ensure that ongoing revenues continue to support ongoing expenditures. EXPENDITURE ASSUMPTIONSCURRENT SIX YEAR PLAN ANNUAL CHANGE CURRENT SIX YEAR PLAN ANNUAL CHANGE 22-2323-2424-2525-26Salaries & Benefits22-2323-2424-2525-26 REVENUE ASSUMPTIONS Salaries2.0%2.0%2.0%2.0% Sales Tax5.0%2.5%2.5%2.5% Overtime2.0%2.0%2.0%2.0% Use Tax2.0%2.0%2.0%2.0% Extra Labor0.0%0.0%0.0%0.0% Property Tax3.0%3.0%3.0%3.0% Holiday Pay2.0%2.0%2.0%2.0% Business Tax2.5%2.5%2.5%2.5% Medical & Dental5.0%5.0%5.0%5.0% Charges for Services1.5%2.0%2.0%2.0% FICA2.0%2.0%2.0%2.0% Other Income2.0%2.0%2.0%2.0% Pension-PERS/PSERS2.0%2.0%2.0%2.0% Licenses & Permits2.5%2.5%2.5%2.5% Industrial Insurance0.0%0.0%0.0%0.0% Transfers In-ICA 2.0%2.0%2.0%2.0% Pension-LEOFF 22.0%2.0%2.0%2.0% Uniform/Clothing0.0%0.0%0.0%0.0% Transfers In-OTHER 0.0%0.0%0.0%0.0% Unemployment0.0%0.0%0.0%0.0% Intergovernmental Revenue2.5%2.5%2.5%2.5% Operations Supplies Fines & Penalties1.0%1.0%1.0%1.0% Rentals and Leases2.0%2.0%2.0%2.0% Professional Services0.2%0.2%0.2%0.2% Ext Taxes, Oper. Assess0.0%0.0%0.0%0.0% Inter-Governmental0.0%0.0%0.0%0.0% Public Utilities3.0%3.0%3.0%3.0% Miscellaneous0.0%0.0%0.0%0.0% Insurance5.0%5.0%5.0%5.0% Repairs and Maintenance0.0%0.0%0.0%0.0% Communication0.0%0.0%0.0%0.0% Travel0.0%0.0%0.0%0.0% Advertising0.0%0.0%0.0%0.0% Office & Operating Supplies0.0%0.0%0.0%0.0% Small Tools & Minor Equipment0.0%0.0%0.0%0.0% Items Purchased for resale0.0%0.0%0.0%0.0% XX 2021 2026 Financial Planning Model Attachment B -General Fund Departmental Expenditures XXI 2021 2026 Financial Planning Model ATTACHMENT A-1 NOTES TO 6-YEAR FINANCIAL PLAN REVENUES, EXPENDITURES AND FUND BALANCE GENERAL Purpose The purpose of the Financial Planning Model is to: 1. Assess the financial health of the City over a 6-year period. 2. Demonstrate the impact of policy decisions on the C 3. Assist in the productive use of financial resources. 4. Demonstrate compliance with the Reserve Policy. 5. Determine the impact of changing economic conditions and assumptions on the plan and the Structure and communicated through the Budget and Reporting System (BARS). The 6-year financial plan of the Financial Planning Model reflects the revenues and expenditures of the General Fund and impacts to other governmental funds via transfers from the General Fund to other funds and transfer into the General Fund from other funds. It is divided into the following sections: Revenues Expenditures Operating Results Capital Fund Balance Details Reserve Policy Compliance Revenues include all revenues not restricted or dedicated for specific uses. They support operations and are considered part of ordinary governmental activities and include revenues such as taxes, charges for services, licenses & permits, intergovernmental revenue, fines & penalties, and miscellaneous revenue. With the exception of grant funding, these revenues are considered to be ongoing. Also included in revenues are transfers in. Transfers in are one-time revenue received from other funds and transfer into the General Fund to pay for capital needs or debt service specific to the Public Safety Plan. Expenditures are for general operating and maintenance and include salaries and benefits, supplies, and services to provide a wide variety of services to our residential and business communities. Expenditures also includes annual transfers to debt service funds as well as transfers to the . Operating results demonstrate if ongoing revenues are meeting annual maintenance and operational costs. Operating results do not reflect revenue or expenditures specific to capital projects. The capital section includes transfers out to capital project funds. These transfers provide funding for roadway projects including annual overlay, and general repairs and improvements to City owned facilities. The 2021-2022 biennium also includes transfers to fund technology. XXII 2021 2026 Financial Planning Model Fund balance details show the beginning fund balance for each year, change in fund balance, and ending fund balance. Reserve policy compliance demonstrates whether or not ending fund balance each year is at least 18% of previous year ongoing revenue. GENERAL REVENUES General revenues have been projected to increase by 2% in 2023 2026. This rate is lower than historical increases and takes into consideration the ongoing effects of the pandemic. Sales Tax This revenue category includes retail sales tax, criminal justice sales tax and natural gas use tax. Retail sales tax has historically comprised 94% to 96% of this revenue category but has been particularly hard hit by the pandemic. Property Taxes Property tax revenue is limited to a 1% annual increase plus taxes generated by new construction and annexations. Utility Taxes A utility tax was approved beginning in 2003 at an initial rate of 4%, increased to 5%, and to 6% in 2007. The tax applies to electric, natural gas, and communications sales. In 2009, Council adopted a 6% utility tax on solid waste collection in the City. The solid waste utility tax was increased in 2019 to 11% in November of 2019 and to 16% effective July 1, 2020. The increase applies only to commercial properties. Interfund Utility Taxes A 15% utility tax on revenue from City owned utilities was established in 2009 to provide funds for flood mitigation measures when the structural integrity of the Howard Hanson Dam was impaired. On May 1, 2010, the tax was reduced to 10%. In 2014, the tax was extended through 2021. Staff expects to present legislation early in 2021 to extend this tax an additional five year. Gambling Taxes The gambling tax revenue category comprises gambling, admission, and leasehold taxes. Historically, gambling taxes have constituted 91% to 96% of the category. Licenses and Permits This revenue category includes business licenses, residential rental licenses and permits related to construction, e.g. building, electrical, mechanical, and plumbing permits; and special fire permits. Seattle City Light (SCL) Agreement The City entered into a contract agreement with SCL in 2003 with a 4% contract payment. The rate was increased to 5% in 2006 and to 6% in 2007. The rate currently remains at 6%. XXIII 2021 2026 Financial Planning Model Intergovernmental Revenue Intergovernmental revenue includes State shared liquor taxes and profits, operating grants, and the emergency services (EMS) allocation and other revenue from other governments. Charges for Services This revenue category includes Court related fees such as adult probation and record check fees; fees generated by the Community Development department for plan check and structural reviews; fire inspection and re-inspection fees and recreation fees for youth, senior and other programs Indirect Cost Allocations Service Funds, and the Enterprise Funds. The fees are expected to increase at the same rate as operating and maintenance costs. One-time Revenues One-time revenues include real property sales for surplus property. In this model, the one-time revenue derives from transfers into the general fund from the urban renewal fund for realized land sales and from anticipated motel property land sale. Additional land sales are planned as funding for the Public Safety Plan and have been included in the D-20 financial framework since 2018. DEDICATED REVENUES These revenues are recorded directly into the project funds they support and help pay for project costs, but are not tied to a specific project. XXIV 2021 2026 Financial Planning Model OPERATING TRANSFERSDEBT SERVICE XXV 2021 2026 Financial Planning Model 2021 – 2026 Financial Planning Model 2021 - 2026 Capital Improvement Program 181 2021 - 2026 Financial Planning Model 3/17/2021 2021 – 2026 Financial Planning Model Debt Service for PW Shops 2021 - 2026 Financial Planning Model 3/17/2021 2021 – 2026 Financial Planning Model 1,570 791220 2021 - 2026 Financial Planning Model 3/17/2021 2021 – 2026 Financial Planning Model 2021 - 2026 Financial Planning Model 3/17/2021 2021 – 2026 Financial Planning Model 2021 - 2026 Capital Improvement Program 2021 - 2026 ** Denotes other funding sources, grants, or mitigation. 2021 - 2026 Capital Improvement Program 10/4/2020 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 (fees must be used within 10 years). ** Denotes other funding sources, grants, or mitigation. P - Preservation accounting codes per GASB 34 2021 - 2026 Capital Improvement Program 2/18/2021 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 (fees must be used within 10 years). ** Denotes other funding sources, grants, or mitigation. Park Impact Fees were effective January 1, 2009, per Ordinance 2366 Updated in 2018 per Ordinance No. 2572 10/4/2020 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 ** Denotes other funding sources, grants, or mitigation. 2021 -2026 Capital Improvement Program 10/4/2020 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 ** Denotes other funding sources, grants, or mitigation. 2021 - 2026 Capital Improvement Program 2/22/2021 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 (fees must be used within 10 years). ** Denotes other funding sources, grants, or mitigation. Fire Impact Fees effective January 1, 2009, Ordinance 2365. Amended on 12/1018 by Ordinance No. 2598 2021 - 2026 Capital Improvement Program 2/22/2021 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 ** Denotes other funding sources, grants, or mitigation. 2021 - 2026 Capital Improvement Program 2/22/2021 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 ** Denotes other funding sources, grants, or mitigation. 2021 - 2026 Capital Improvement Program 10/3/2020 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 ** Denotes other funding sources, grants, or mitigation. 2021 - 2026 Capital Improvement Program 3/2/2021 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 ** Denotes other funding sources, grants, or mitigation. 2021 - 2026 Capital Improvement Program 10/3/2020 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 ** Denotes other funding sources, grants, or mitigation. 2021 - 2026 Capital Improvement Program 2/27/2021 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program 2021 - 2026 Capital Improvement Program