HomeMy WebLinkAboutFS 2009-11-17 Item 2E - Resolution - 2010-2015 Financial Planning Model and Capital Improvement ProgramTO:
City of Tukwila
Jim Haggerton, Mayor
INFORMATIONAL MEMORANDUM
Mayor Haggerton
FINANCE SAFETY COMMITTEE
FROM: Interim Public Works Director Finance Director
DATE: November 10, 2009
SUBJECT: 2010 2015 Financial Planning Model and Capital Improvement Program
Resolution
ISSUE
Approve Resolution adopting the 2010 2015 Financial Planning Model and Capital Improvement
Program (CIP).
BACKGROUND
The City now has a biennial budget for 2009 2010 so we do not have to review the budget for
2010, however the six -year 2010 2015 Financial Planning Model and CIP still have to be
approved.
The Council reviewed the Attachments and the CIP projects at the CIP Workshop held on November
5, 2009. Council requested some additional options for Attachment A in order to adhere to the policy
that the accumulated totals do not recede below $3 million.
ANALYSIS
The first Attachment A is what is currently in the Proposed 2010 2015 CIP with a deficient of
$11.629 million in 2015. The second Attachment A has additional revenue or reduced expenditures
of approximately $3 million each year in order to balance Attachment A with $3 million in 2015, as
City policy requires. This second Attachment A also refunds the Utility Enterprise Funds for the utility
tax that was implemented in October, 2009, should Council decide to repay this money. Both of
these Attachments have very limited Capital projects that show no significant improvements in the
years 2013 through 2015.
The third Attachment A shows additional revenue or reduced expenditures of approximately $5
million each year with a "realistic" CIP that includes additional capital projects to maintain service
levels from before recent budget reductions and project deferrals. This version also refunds the
Utility Enterprise funds in 2014 and 2015.
Also under consideration is the Attachments D through F for the Water, Sewer and Surface Water
funds with the new utility tax. Future rate increases will have to be determined depending if the
enterprise funds are refunded in 2014 and 2015.
RECOMMENDATION
The Council is being asked to approve the Resolution for the 2010 2015 Financial Planning Model
and Capital Improvement Program for consideration at the November 23, 2009 Committee of the
Whole meeting and subsequent December 7, 2009 Regular Meeting.
Attachments: Resolution
Attachment A (3 versions)
H: \CIP \Resolution 2010 -2015 Info Memo.doc
ATTACHMENT A
CITY OF TUKWILA
TOTAL REVENUES EXPENDITURES
2010 2015 Analysis in 000's
REVENUES (see A -1) 2010 2011 2012 2013 2014 2015 Totals
General Revenues
Sales Tax 15,502 15,967 16,446 16,940 17,448 17,971 100,274
Property Taxes 12,400 12,710 13,028 13,353 13,687 14,029 79,208
Utility Taxes 4,747 4,889 5,036 5,187 5,343 5,503 30,706
lnterfund Utility Taxes 2,600 900 900 0 0 0 4,400
Gambling Taxes 2,099 2,162 2,227 2,294 2,362 2,433 13,577
Contract Agreement SCL 1,976 2,035 2,096 2,159 2,224 2,291 12,782
Charges /Fees for Services 5,273 5,431 5,594 5,762 5,935 6,113 34,108
Transfers In Other Funds 2,493 2,568 2,645 2,724 2,806 2,890 16,126
Intergovernmental Revenue 922 950 978 1,007 1,038 1,069 5,964
Other Taxes /Miscellaneous 1,640 1,689 1,740 1,792 1,846 1,901 10,608
Subtotal 49,652 49,302 50,690 51,219 52,689 54,201 307,752
Dedicated Revenues (Capital)
Real Estate Taxes 500 515 530 546 563 580 3,234
Motor Vehicle Taxes 455 469 483 497 512 527 2,943
Investment Interest/Misc. 500 515 530 546 563 580 3,234
Property Taxes 130 130 130 130 130 130 780
Parking Taxes 140 140 140 140 140 140 840
Transfers from Golf Course 0 0 150 150 175 175 650
Subtotal 1,725 1,769 1,964 2,010 2,083 2,132 11,682
TOTAL REVENUE AVAILABLE 51,377 51,070 52,654 53,229 54,771 56,333 319,434
EXPENDITURES
Operations Maintenance 45,376 49,652 51,680 54,221 56,900 59,175 317,005
(See Attachment B)
Howard Hanson Dam Response 2,500 2,500 300 300 300 300 6,200
Debt Service 2,466 2,464 2,460 2,467 2,457 1,974 14,288
Admin /Engineering Overhead 300 309 318 328 338 348 1,941
Subtotal Available 735 (3,855) (2,104) (4,088) (5,223) (5,464) (20,000)
Capital Attachment C
Residential Streets 0 0 0 0 150 300 450
Bridges 245 145 205 205 270 270 1,340
Arterial Streets 3,515 2,444 1,580 1,355 1,355 1,365 11,614
Parks Trails 624 459 284 390 237 274 2,268
General Government
Facilities 121 (2,177) (2,178) 0 110 140 (3,984)
General Improvements 200 535 500 500 500 500 2,735
Fire Improvements (50) (50) 0 0 0 (55) (155)
Subtotal Capital 4,655 1,356 391 2,450 2,622 2,794 14,268
Balance by Year (3,920) (5,211) (2,495) (6,538) (7,845) (8,258) (34,268)
Carryover from 2009 22,639 0 0 0 0 0 22,639
Accumulated Totals
2010 2015 Financial Planning Model
18,719 13,508 11,013 4,475 (3,370) (11,629)
(Original "Draft"
VII 11/09/2009
ATTACHMENT A
CITY OF TUKWILA
TOTAL REVENUES EXPENDITURES
2010 2015 Analysis in 000's
REVENUES (see A-1)
General Revenues
Sales Tax
Property Taxes
Utility Taxes
New..Rev /Exp Reduction
Interfund Utility Taxes
Gambling Taxes
Contract Agreement SCL
Charges /Fees for Services
Transfers In Other Funds
Intergovernmental Revenue
Other Taxes /Miscellaneous
Subtotal
Dedicated Revenues (Capital)
Real Estate Taxes
Motor Vehicle Taxes
Investment Interest/Misc.
Property Taxes
Parking Taxes
Transfers from Golf Course
Subtotal
TOTAL REVENUE AVAILABLE
EXPENDITURES
Operations Maintenance
(See Attachment B)
Howard Hanson Dam Response
Debt Service
Admin /Engineering Overhead
Subtotal Available
Capital Attachment C
Residential Streets
Bridges
Arterial Streets
Parks Trails
General Government
Facilities
General Improvements
Fire Improvements
Subtotal Capital
Balance by Year
Carryover from 2009
Accumulated Totals
With Additional Revenue
2010 2011 2012 2013 2014 2015
Totals
15,502
15,967
16,446
16,940
17,448
17,971
100,274
12,400
12,710
13,028
13,353
13,687
14,029
79,208
4,747
4,889
5,036
5,187
5,343
5,503
30,706
006
3,075
3,152
3,231
3,311
3,394
19,163
2,600
900
900
0
(2,200)
(2,200)
2,099
2,162
2,227
2,294
2,362
2,433
13,577
1,976
2,035
2,096
2,159
2,224
2,291
12,782
5,273
5,431
5,594
5,762
5,935
6,113
34,108
2,493
2,568
2,645
2,724
2,806
2,890
16,126
922
950
978
1,007
1,038
1,069
5,964
1,640
1,689
1,740
1,792
1,846
1,901
10,608
52,652
52,377
53,842
54,449
53,800
55,395
322,515
500
515
530
546
563
580
3,234
455
469
483
497
512
527
2,943
500
515
530
546
563
580
3,234
130
130
130
130
130
130
780
140
140
140
140
140
140
840
0
0
150
150
175
175
650
1,725
1,769
1,964
2,010
2,083
2,132
11,682
54,377
54,145
55,806
56,459
55,883
57,527
334,197
45,376
49,652
51,680
54,221
56,900
59,175
317,005
2,500
2,500
300
300
300
300
6,200
2,466
2,464
2,460
2,467
2,457
1,974
14,288
300
309
318
328
338
348
1,941
3,735
(780)
1,048
(857)
(4,112)
(4,270)
(5,237)
0
0
0
0
150
300
450
245
145
205
205
270
270
1,340
3,515
2,444
1,580
1,355
1,355
1,365
11,614
624
459
284
390
237
274
2,268
121
(2,177)
(2,178)
0
110
140
(3,984)
200
535
500
500
500
500
2,735
(50)
(50)
0
0
0
(55)
(155)
4,655
1,356
391
2,450
2,622
2,794
14,268
(920)
(2,136)
657
(3,307)
(6,734)
(7,064)
(19,505)
22,639
0
0
0
0
0
22,639
21,719
19,583
20,239
16,933
10,199
3,134
2010 2015 Financial Planning Model VII 1110912009
ATTACHMENT A
CITY OF TUKWILA
TOTAL REVENUES EXPENDITURES
2010 2015 Analysis in 000's
With Additional Revenue
"Realistic" CIP
REVENUES (see A -1) 2010 2011 2012 2013 2014 2015 Totals
General Revenues
Sales Tax 15,502 15,967 16,446 16,940 17,448 17,971 100,274
Property Taxes 12,400 12,710 13,028 13,353 13,687 14,029 79,208
Utility Taxes 4,889 5,036 5,187 5,343 5,503 30,706
New Rev/Exp eduction 5,.100 5,228 5,358 5,492 5,629 5,770 32,577
Interfund Utility Taxes 2,600 900 900 0 (2,200) (2,200)
Gambling Taxes 2,099 2,162 2,227 2,294 2,362 2,433 13,577
Contract Agreement SCL 1,976 2,035 2,096 2,159 2,224 2,291 12,782
Charges /Fees for Services 5,273 5,431 5,594 5,762 5,935 6,113 34,108
Transfers In Other Funds 2,493 2,568 2,645 2,724 2,806 2,890 16,126
Intergovernmental Revenue 922 950 978 1,007 1,038 1,069 5,964
Other Taxes /Miscellaneous 1,640 1,689 1,740 1,792 1,846 1,901 10,608
Subtotal 54,752 54,529 56,048 56,711 56,118 57,771 335,930
Dedicated Revenues (Capital)
Real Estate Taxes 500 515 530 546 563 580 3,234
Motor Vehicle Taxes 455 469 483 497 512 527 2,943
Investment Interest/Misc. 500 515 530 546 563 580 3,234
Property Taxes 130 130 130 130 130 130 780
Parking Taxes 140 140 140 140 140 140 840
Transfers from Golf Course 0 0 150 150 175 175 650
Subtotal 1,725 1,769 1,964 2,010 2,083 2,132 11,682
TOTAL REVENUE AVAILABLE 56,477 56,298 58,012 58,721 58,201 59,903 347,611
EXPENDITURES
Operations Maintenance: 45,376 49,652 51,680 54,221 56,900 59,175 317,005
(See Attachment B)
Howard Hanson Dam Response 2,500 2,500 300 300 300 300 6,200
Debt Service 2,466 2,464 2,460 2,467 2,457 1,974 14,288
Admin /Engineering Overhead 300 309 318 328 338 348 1,941
Subtotal Available 5,835 1,373 3,254 1,405 (1,794) (1,894) 8,178
Capital Attachment C
Residential Streets 250 400 100 150 150 175 1,225
Bridges 245 145 205 205 270 270 1,340
Arterial Streets 3,715 2,744 2,480 4,305 5,180 2,790 21,214
Parks Trails 624 459 585 435 782 719 3,604
General Government
Facilities 121 (2,177) (2,178) 110 140 0 (3,984)
General Improvements 200 1,535 675 675 675 675 4,435
Fire Improvements (50) (50) 0 0 0 (55) (155)
Subtotal Capital 5,105 3,056 1,867 5,880 7,197 4,574 27,679
Balance by Year 730 (1,683) 1,387 (4,475) (8,991) (6,468) (19,501)
Carryover from 2009 22,639 0 0 0 0 0 22,639 11
Accumulated Totals 23,369 21,685 23,072 18,597 9,606 3,138 I
2010 2015 Financial Planning Model
VII 11/09/2009
no A FT
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 11/12/2009
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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