HomeMy WebLinkAboutReg 2009-12-07 Item 6B - Resolution - 2010-2015 Financial Planning Model and Capital Improvement Program COUNCIL AGENDA SEVOPSIS
t k s Initials ITEM NO.
O I Meeting Date Prepared by Mayor's review J Council review
i f g 1 11/23/09 1 GL 1. 1
12/07/09 1 GL I I .4.,
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ITEM INFORMATION
CAS NUMBER: 09-163 I ORIGINAL AGENDA DALE: NOVEMBER 23, 2009
AGENDA ITEM TITLE Resolution adopting the 2010 -2015 Financial Planning Model and Capital
Improvement Program
CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other
Mtg Date 11/23/09 Mtg Date Mtg Date 12/07/09 Mtg Date Mtg Date Mtg Date Mtg Date
SPONSOR Council Mayor Adm Svcs DCD Finance Fire Legal P&R Police Pi/
SPONSOR'S This Resolution will adopt the 2010 2015 Financial Planning Model and Capital
SUMMARY Improvement Program. Council reviewed the Proposed 2010 2015 CIP at the Budget
Workshop held 11/5/09. The City's Fund Balance Policy (page V, 2010 Proposed CIP)
states that accumulated totals within the six -year Financial Planning Model may not
recede below $3 million.
REVIEWED BY COW Mtg. CA &P Cmte
F &S Cmte ā¯‘Transportation Cmte
Utilities Cmte Arts Comm. Parks Comm. Planning Comm.
DATE: 11/17/09
RECOMMENDATIONS:
SPONSOR /ADMIN. Public Works
COMMIrrEE Forward to Committee of the Whole for discussion
COST: IMPACT FUND SOURCE
EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED
$0.00 $0.00 $0.00
Fund Source:
Comments:
=MTG: D :::::RECORD OF COU ACTION
11/23/09 1Forward to next Regular Meeting
12/07/09 1
MTG. DATE ATTACHMENTS
11/23/09 Informational Memorandum dated 11/10/09
Draft Resolution
Attachment A (3 versions)
Minutes from the Finance Safety Committee meeting of 11/17/09
12/07/09 1 Resolution in final. form
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City of Tukwila
Washington
Resolution No.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, ADOPTING THE 2010 -2015 FINANCIAL PLANNING
MODEL AND THE CAPITAL IMPROVEMENT PROGRAM FOR GENERAL
GOVERNMENT AND THE CITY'S ENTERPRISE FUNDS.
WHEREAS, when used in conjunction with the biennial City budget, the Capital
Improvement Program (CIP) and the Financial Planning Model for the period 2010 -2015
are resource documents to help plan directions the City will consider for the future; and
WHEREAS, the Financial Planning Model and Capital Improvement Program are
not permanent fixed plans, but are guidelines or tools to help reflect future goals and
future resources at the time budgets are being planned; and
WHEREAS, the commitment of funds and resources can only be made through the
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 2010 -2015 Financial Planning Model
and accompanying Capital Improvement Program, incorporated by this reference as if
fully set forth herein.
Section 2. A copy of the 2010 -2015 Financial Planning Model and accompanying
Capital Improvement Program shall be kept on file in 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 Capital Improvement Program projects will be reflected in the
published Financial Planning Model and Capital Improvement Program 2010 -2015.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON,
at a Regular Meeting thereof this day of 2009.
ATTEST/ AUTHENTICATED:
Christy O'Flaherty, CMC, City Clerk
APPROVED AS TO FORM BY:
Office of the City Attorney
W:\ Word Processing Resolutions \2010 -2015 Financial Planning Model CIP.doc
GL:ksn 11/30/2009
Joan Hernandez, Council President
Filed with the City Clerk:
Passed by the City Council:
Resolution Number:
Attachment: Financial Planning Model and Capital Improvement Program 2010 -2015
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