HomeMy WebLinkAboutCOW 2003-12-08 Item 4C - Resolution - 2004-2009 Financial Planning Model and Capital Improvement ProgramCAS Number: 03-143
I Agenda Item Title:
I Original Sponsor:
I Timeline:
Sponsor's Summary:
Recommendations:
Committee:
Administration:
I Cost Impact (if known):
I Fund Source (if known):
Meeting Date I
10/13/03 I Submittal to Council
11/17/03 I Public Hearing
r
Meeting Date
12/1/03
12/08/03
Co L VCIL AGENDA Sr TOPSIS
Initials
Meeting Date Prepared by 1 Mayor's review 1 Council review 1
12/1/03 ARD
12/08/03
-143
All elements reviewed
Same as sponsor
Inclusive with final package
Inclusive with final package
ARD
Original Agenda Date: 10/13/03
4 Ci3' &It. %%i CO
Action
Review final changes to proposed resolution on December 8, 2003
Sponsor: Approve with final changes on December 15, 2003
12 -01 -03 I Public Hearing held. Refer to C. 0. W. of 12/08/03 for final review
before proposed adoption date of 12/08/03.
ITEM No.
4 c
Resolution for Proposed Financial Planning Model and Capital Plan 2004 -2009
Council Admin. X
Adopt at December 15, 2003 meeting.
Submitted on October 13, 2003, public hearing on November 17, 2003 and various council
meeting reviews, final changes will be submitted on December 8, 2003 with adoption on
December 15, 2003.
tiff
Attachments
Proposed Resolution
Staff Report -dated December, 5, 2Q03
Proposed resolution (including all changes made)
To: Mayor City Council
From: Alan R. Doerschel a
Date: December 5, 2003
Subject: Revised 2004 -2009 Planning Model
Based on the changes made to the 2004 Proposed Budget and other
changes made to the Capital Plan during the review period, we have
prepared the revised Attachments A B of the Planning Model.
The principal changes involve higher Sales Tax and Property Tax
estimated in 2004. A more conservative growth forecast follows in the
2005 -2009 period. Uncertainty regarding Sales Tax sourcing debate is
part of the conservative reasoning.
'DP F T
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, ADOPTING THE 2004 -2009 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 F. g. and the Financial Planning Model for the period 2004 -2009 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 2004-2009 Financial Planning Model and accompanying Capital
Improvement Program (OP) 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 01' projects will be reflected in the published Financial Planning
Model and Capital Improvement Program 2004 -2009.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a
Regular Meeting thereof this day of 2003.
ATTEST /AUTHENTICATED: Pam Carter, Council President
Jane E. Cantu, CMC, City Oerk
APPROVED AS TO FORM:
By
Office of the City Attorney
2004 -2009 Financial Planning Model GIP
Filed with the City Cleric
Passed by the City Council:
Resolution Number:
(REVENUES
General Revenues
Sales Tax
Property Tax
Utility Taxes
Gambling Taxes
Franchise Contract -SCL
Charges /Fees for Service
Trans. In -Other Funds
Intergovernmental Revenue
Other Taxes /Misc.
Beginning Fund Balances
ATTACHMENT A
CITY OF TUKWILA
TOTAL REVENUES EXPENDITURES
2004 -2009 Preliminary Analysis in 000's
2004 2005 2006 2007 2008 2009 '"`Totals
15,600 16,068 16,550 17,046 17,557 18,084
10,200 10,406 10,668 10,937 11,123 11,553
1,875 2,340 2,433 3,037 3,158 3,284
2,200 2,300 2,300 2,300 2,400 2,400
988 1,297 1,350 1,684 1,752 1,822
2,738 2,850 2,966 3,084 2,208 3,336
1,903 1,970 2,049 2,131 2,216 2,305
847 569 592 615 640 665
1,180 1,227 1,276 1,327 1,380 1,436
16,860 200 300 300 300 300
IV
Subtotal 54,391 39,227 40,484 42,461 42,734 45,185
Dedicated Revenues (Caoital)
Real Estate Taxes 650 650 650 700 700 700
Motor Vehicle Taxes 350 450 450 450 450 450
Interest Income 212 150 150 100 100 100
Property Tax 130 130 130 130 130 130
Parking Tax 160 160 160 160 160 170
Repayment from Utilities 200 0 0 0 0 0 moo' 00
Subtotal 1,702 1,540 1,540 1,540 1,540 1,550 9;412
x x'ea
TOTAL AVAILABLE 56,093 40,767 42,024 44,001 44,274 46,735 73,894
(See Attachment A -1)
EXPENDITURES
Operations Maintenance: 34,292 34,880 36,227 37,677 39,185 40,774 fl223
(See Attachment B)
Debt Service 1994 515 515 515 515 515 515
Debt Service -1999 2000 835 835 1,085 1,085 1,085 1,085 10
New Bondlssue -2003 492 492 492 492 492 492
Leased Space Tukwila Village 0 110 120 130 150 160 0
Admin /Engineering Overhead 960 998 1,038 1,080 1,123 1,168
Subtotal Available 18,999 2,937 2,547 3,022 1,724 2,541
Caoital Attachment C
Neighborhood Revitalization
Residential Streets 440 485 570 70 70 70 4 0
Parks Trails 776 208 438 208 288 148 t 66
General Govemment
Facilities 0 0 0 0 0 0
General Government 1,150 860 860 960 960 960
Economic Development
Bridges 1,456 100 100 100 100 100
Arterial Streets 5,093 2,914 2,565 2,075 2,075 2,370
Subtotal Capital 8,915 4,567 4,533 3,413 3,493 3,648
100,805
64;887
16,127
1 3,800
8,893
X 1 7,182
11;574
8.928
600
86
175
r; 8;569
Balance by Year 10,084 (1,630) (1,986) (391) (1,769) (1,107) '?3,2Q1
Accumulated Totals 10,084 8,454 6,468 6,077 4,308 3,201
12/05/03
ATTACHMENT B
CITY OF TUKWILA
Notes to Operations Maintenance Expenditures
2004 -2009 Analysis in 000's
EXPENDITURES 2004 2005 2006 2007 2008 2009 i°Totals_`'
City Council 220 229 238 247 257 268 145
Mayor, Boards 1,232 1,270 1,321 1,374 1,429 1,486
Administrative Services 1,438 1,485 1,544 1,606 1,670 1,737
Finance 1,410 1,433 1,427 1,485 1,544 1,605
City Attorney 380 395 411 427 444 462
Recreation /Parks 3,229 3,318 3,454 3,592 3,736 3,885
Community Development 2,545 2,068 2,151 2,237 2,326 2,420
Municipal Court 894 929 964 1,004 1,048 1,080
Police 10,248 10,570 10,991 11,429 11,884 12,367
Fire 7,897 8,212 8,541 8,883 9,238 9,607
Public Works 2,875 2,977 3,096 3,220 3,349 3,483
Street Maintenance 1,709 1,769 1,839 1,913 1,990 2,079
Dept. 20 Misc. 215 225 250 260 270 295
TOTAL EXPENDITURES 34,292 34,880 36,227 37,677 39,185 40,774
Notes:
The estimates presented are very preliminary.
All departments are limited to an increase at a 4.0% rate per year after 2004. Most of the increases
will be related to salaries and benefits. Moderate COLAS are projected along with the normal annual
step increases.
No significant changes in personnel or service levels are reflected, although there were reductions in
2003 of approximately eight (8) FTEs.
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.
VII
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12/05/03