HomeMy WebLinkAboutCOW 2010-05-10 Item 4D - Budget - Review Status ReportCAS NUMBER: 10-056
Fund Source:
Comments.
10 0510
EXPENDITURE REQUIRED
COUNCIL A GENDA SYNOPSIS
Meeting Date Prepared by
05/10/10 SH
AGENDA ITEM TITLE Budget Review Status Report
REVIEWED BY Li COW Mtg. CA &P Cmte
Utilities Cmte Arts Comm.
DATE:
RECOMMENDATIONS:
SPONSOR /ADMIN. Finance Department
COMMITTEE
Initials
Mayper -Wew
ou nc;reUiew
ITEM INFORMATION
ORIGINAL AGENDA DATE: MAY 10, 2010
ITEM No.
CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other
Mtg Date 5/10/10 Mtg Date Mtg Date Mtg Date Mtg Date Mtg Date Mtg Date
SPONSOR Council Mayor n Adm Svcs DCD Finance Fire Legal P&R Police PW"
SPONSOR'S An update is provided to Council on recommendations or directions given to administration
SUMMARY for potential revenue enhancements. The information will be updated as program /service
reductions and wage /benefit changes are presented and discussed.
This item is for informational purposes only.
n F &S Cmte
Parks Comm.
COST IM PACT 1 FUND'SOURCE
AMOUNT BUDGETED
MTG. DATE RECORD OF COUNCIL ACTION
5/10/10
1
1
1 MTG. DATE I ATTACHMENTS
5/10/10 Informational Memorandum dated 05/05/2010
Council Retreat Budget Follow -Up Items
Transportation Cmte
Planning Comm.
APPROPRIATION REQUIRED
63
64
City of Tukwila
TO: Mayor Haggerton
Committee of the Whole
INFORMATIONAL MEMORANDUM
FROM: Shawn Hunstock, Finance Director
DATE: May 5, 2010
SUBJECT: Update on Budget Changes
ISSUE
At the April 26 Committee of the Whole meeting, City Council provided direction to
administration on several revenue enhancement options that were discussed that night.
Council has asked for an update on the status of recommendations from that evening,
in the context of the overall budget discussion that occurred during the Council retreat at
the end of February.
BACKGROUND
City Council identified during the retreat three different areas to address in dealing with
the City's financial situation. Those areas were revenue enhancements, program or
service reductions, and salary and benefit changes. The overall targeted reduction from
all three areas is $9 million per year.
DISCUSSION
The items included on the attachment are ones that Council considered already at its
April 26 Committee of the Whole meeting. Additional discussions will occur during May
on program or service reductions, and later options will be discussed on salary and
benefit changes. As these items are considered and input is received from Council, the
list will be updated with dollar amounts and time frame for adoption.
RECOMMENDATION
No recommendation, this item is for informational purposes only.
ATTACHMENTS
Council Retreat Budget Follow -Up Items
Jim Haggerton, Mayor
65
Council Retreatu
Budget follow -1.1p Items
Annual ReVe
:_,207.1.+ (b)
et $3.4 million) 20
Targ (c)
Revenue Increases 500,000 (a) (d)
750,000 (a) 79,000
tax levy lid lift 282,000 2,100,000
prope 161,0 1050,
EMS levy city -run utilities 120,0
utility tax fees 2,475,000
Increase 350,000 (e)
Increase business license
head taxi (fl
1a
RGRL( fees 3,800,000 (ai
Increase S
6800,0�(a) 2,299,000
authority 1,050,000
-MO sales tax fire district) 3 385,000
SpeCial purpose roved 11300,000
Non -voter app
(a) Voter approved
14,68
1 7
evenue increasesje %Pendlture reductions
illion in r `d-
Targeted Goal: $9 m 1 i
3.4 million)
Wages Benefits (Target
One-time Sell surplu P roperty
vote appro �dentj
business advisory committee. e option requires lift in 2011. revenue. es
lid ice optio e ar in purpose/composition of r
Consider of fire service
million per year Pure
proposal for evaluation T8Q options, W meef d
property tax le
(b) C PrDP h 2015, generating 000), and °1d NewP °Rer site $10
000
td _Hold EMS levy Pr rate through t0 them in July regarding 1130 during a 1 e C
un
tend 10% report back and discusse Hwy )$250.
(dl to One-time m ou sted a rep presented 5 180th w Valley
(el _Council has request will be P
forfire service provision
F55
(f} Options from sale
One -time revenue
lgi
et- 2 2rrrillionl
Programs &Services (Targ