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HomeMy WebLinkAboutReg 2007-12-03 Item 6J - Resolution - 2008-2013 Financial Planning Model and Capital Improvement Program COUNCIL AGENDA SYNOPSIS 1LA. N. A ti'��� Initials ITEM b i �E s.,)"; 1 Meeting Date Prepared by I _Mayors review I C zz4 rerna' �:p.. z, I 12/03/07 I KAF 1 1 1 fi,L1 rsoa 1.3. ITEM INFORMATION CAS NUMBER: 0 i c_F 9 ORIGINAL AGENDA DATE. 12/3/2007 AG -.ND,\ ITEM TITLE Review of Final Adjustments to the 2008 -2013 Financial Planning Model and CIP. C.\ 1'I X;ORY I I Discussion I 1 [Motion Resolution n Ordinance n Bid Award Public Hearing E Other Mtg Dote lg Date illtg Date 12/3/07 Ag Date Mtg Date lllg Date 11/19/07 Aftg Date SPONSOR Council Ivlgor 1 I Adrn Svcs 1 I DCD Finance n Fire I I Legal I I P&R 1 Police 1 I PIV SPONSOR'S A Resolution adopting the 2008 -2013 Financial Planning Model and CIP. SUNNI \RY RI \'iI ED BY COW Mtg CA &P Cmte F &S Cmte Transportation Cmte Utihues Cmte n Arts Comm. Parks Comm. 1 1 Planning Comm. DATE: October 2, 2007 through December 3, 2007 RECOMMENDATIONS: SPONSOR /ADMIN. Approve Final Changes for Adoption. COmm' Same COST IMPACT FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $o $0 Fund Source: Comments 1 MTG. DATE RECORD OF COUNCIL ACTION I 11/19/07 Public Hearing on the 2008 Proposed Budget and 2008 2013 Planning Model &CIP I I MTG. DATE ATTACHMENTS 12/03/07 Informational Memo from Finance Director dated November 27, 2007 CIP Attachments A, B and C Resolution in Final Form To: Mayor and City Council j� From: Kevin A. Fuhrer, Finance Director t+ r Date: November 27, 2007 Subject: Adoption of the 2008 2013 Financial Planning Model and CIP One of the final steps remaining prior to adopting the 2008 -2013 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 2007 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 2008 Budget item. As an aid in your review of this information, please note that I have specifically distinguished the CIP page reference; otherwise the page is referencing the budget document. I have also included revised Attachments A, B and C that incorporate the proposed changes. I look forward to reviewing this information with you on Monday, December 3rd ATTACHMENT A CITY OF TUKWILA TOTAL REVENUES EXPENDITURES 2008 2013 Analysis in 000's REVENUES (see A -1) 2008 2009 2010 2011 2012 2013 Totals General Revenues Sales Tax 19,045 19,807 20,599 21,423 22,280 23,171 126,325 Property Taxes 11,145 11,490 11,778 12,072 12,374 12,683 71,542 Utility Taxes 4,037 4,198 4,366 4,541 4,723 4,911 26,776 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 3,830 3,158 3,284 3,416 3,552 3,694 20,934 Transfers In Other Funds 2,216 2,305 2,397 2,493 2,592 2,696 14,699 Intergovernmental Revenue 1,568 705 733 763 793 825 5,387 Other Taxes /Miscellaneous 1,332 1,250 1,300 1,352 1,406 1,462 8,102 Cash Carryover 0 300 300 300 300 300 1,500 Subtotal 47,523 47,745 49,374 51,166 52,918 54,836 303,562 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 50,054 49,585 51,284 53,181 54,993 56,966 316,063 EXPENDITURES Operations Maintenance. 44,819 45,375 47,188 49,076 51,039 53,078 290,575 (See Attachment B) Debt Service 2,067 2,067 2,067 2,067 2,067 2,067 12,402 Admin /Engineering Overhead 1,035 1,076 1,119 1,164 1,210 1,259 6,863 Subtotal Available 2,133 1,067 910 874 677 562 6,223 Capital Attachment C Neighborhood Revitalization Residential Streets 300 300 300 300 300 300 1,800 Parks Trails /ESA 2,025 747 112 212 132 182 3,410 Economic Development Bridges 372 120 140 140 205 205 1,182 Commercial Streets 4,863 4,622 2,069 2,591 1,160 1,160 16,465 General Government General Improvements 1,400 600 600 600 600 600 4,400 Facilities 165 (3,380) 0 0 0 0 (3,215) Subtotal Capital 9,125 3,009 3,221 3,843 2,397 2,447 24,042 Balance by Year (6,992) (1,942) (2,311) (2,969) (1,720) (1,885) (17,819) Carryover from 2007 21,187 0 0 0 0 0 21,187 (Accumulated Totals 14,195 12,253 9,942 6,973 5,253 3,368 V 1 1 11/28/2007 ATTACHMENT B City of Tukwila General Fund Operations Maintenance Expenditures 2008 2013 Analysis in 000's EXPENDITURES 2008 2009 2010 2011 2012 2013 Totals City Council 273 284 295 307 319 332 1,810 Mayor, Boards 1,574 1,637 1,702 1,771 1,841 1,915 10,440 Administrative Services 1,914 1,990 2,070 2,152 2,238 2,327 12,691 Finance 1,777 1,848 1,922 1,999 2,079 2,162 11,787 City Attorney 422 439 456 475 494 513 2,799 Recreation 3,343 3,477 3,616 3,760 3,911 4,067 22,174 Parks 971 1,010 1,050 1,092 1,136 1,181 6,440 Community Development 2,804 2,916 3,033 3,154 3,280 3,411 18,598 Municipal Court 1,072 1,115 1,159 1,206 1,254 1,304 7,110 Police 12,553 13,040 13,562 14,104 14,668 15,254 83,181 Fire 9,977 10,376 10,791 11,223 11,672 12,139 66,178 Public Works 3,943 4,101 4,265 4,435 4,613 4,797 26,154 Street Maintenance 2,518 2,619 2,723 2,832 2,946 3,064 16,702 Dept. 20 Miscellaneous 1,678 523 544 566 588 612 4,511 TOTAL EXPENDITURES 44,819 45,375 47,188 49,076 51,039 53,078 290,575 Notes: A 4% increase is anticipated for the years 2009 -2013 due to the expected increases in healthcare, retirement rates, and general inflationary pressures. 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O I 1 r 0 1 0l cosy w �o N O v o okt I .I '1 l �1 i M I 0 l I co N ,I o N ti•- O I I 0/ o `l o I °I V-- C. i :o ct� I v y I I N co ..c., i 0, k0- t M U 1 t 1 to P I N I o cz� r IN: I cn To co ci\ 1-- c CO o 0 t cre 0 t I N N p N N 4 �I P y 1 'i O O a .1 I O N A` EY A V/ C '1 I 1O I Io: �Y y N o �m h p O p 1 o q Q- L I co V 1 1 1 o r'i o to T a 1 d I o M 0 I Fs �t o O b o l o c Il, I O t r O i O l m U q O 1Oi W I N 1,0, 1- i I f R r T,�- v I i 8 okt Too N VS y 3 11 d v 1-t-co O C O r N t 1 C N i 1 O S V O V 1 1 LI �t \c5 t, 1 co r-1 0 Z 1 I Nl i t 1 cr) m 1 I 7 c0 O co i a 1� =�.Y N 4 CI- 1 s,?; G• N l Q .c co G 1 d1 G' O I 1 Q Y U1 G I. w I 10 u-:' 4.n 1--- 1 1 C':� r 4 2 a O V 9 V y 0 'n p I D z. co m V.5.- m 0 a d .m u) v LO AL O' a r 1908 City of ila Washington Resolution No. A RESOLUTION OF THE CITY COUNCIL OF THE C1'1'Y OF TUKWILA, WASHINGTON, ADOPTING THE 2008 -2013 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 (Cif') and the Financial Planning Model for the period 2008 -2013 are resource documents to help plan directions the City will consider for the future; and WHEREAS, the Financial Planning Model and CIF 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 City Council hereby adopts the 2008 -2013 Financial Planning Model and accompanying Capital Improvement Program, incorporated by this reference as if fully set forth herein. Section 2. A copy of the 2008 -2013 Financial Planning Model and accompanying Capital Improvement Program shall be kept on file m the City Clerk's Office. Section 3. The assumptions, revenues and expenditures will be reviewed and updated annually or as necessary by the City Council. Section 4. The detail of CIP projects will be reflected in the published Financial PIanning Model and Capital Improvement Program 2008 -2013. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Special Meeting thereof this day of 2007 ATTEST/ AUTHENTICATED: Verna Griffin, 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. \_.c, r_ents ar3 sec._cas \%fl ij ,s \v�_ekt� \fie? ?y ��'%s�lv�a�s �.at -3a1 ?larit= Yodel i C:? 30Gd- 10_3.dtC Page -YSV 11/35/2007 P 1 of 1