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Home My WebLink AboutFS 2010-11-16 Item 2C.2 / 2C.3 - Ordinance/Resolution - 2011-2012 Budget / 2011-2016 Financial Planning Model and Capital Improvement Program �4ILQ"i s City of Tukwila a Jim Haggerton, Mayor \19oa INFORMATIONAL MEMORANDUM TO: Mayor Haggerton Finance and Safety Committee FROM: Shawn Hunstock, Finance Director DATE: November 10, 2010 SUBJECT: 2011 -2012 Biennial Budget Ordinance 2011 -2016 Financial Planning Model Capital Improvement Program ISSUE Council must adopt the 2011 -2012 biennial budget and 2011 -2016 Capital Improvement Plan by the end of December. This typically happens with the first Regular meeting in December. BACKGROUND The proposed preliminary budget for 2011 -2012 and draft 2011 -2016 CIP were presented to Council on October 4, 2010. Since that time, there have been a number of meetings to discuss items within the budget and CIP, as well as detailed review by all Council committees during the month of October. Council also held a special budget workshop on October 19, 2010. DISCUSSION The proposed 2011 -2012 biennial budget reflects the adjustments presented to Council as part of the City's three legged approach to dealing with the current financial crisis. Program and service reductions have been included in the relevant departments, as well as related revenue increases. New revenue sources were adopted by Council, including the Revenue Generating Regulatory License fee. Also, steps were taken to address the cost of employee compensation. The final budget document will include a savings of approximately $1.2 million per year in contributions to the City's self insurance fund. A listing of changes to the proposed preliminary budget will be presented at the November 22 Committee of the Whole meeting. These changes will include, among other items, any agreed to COLA reductions from represented and non- represented employees. 27 INFORMATIONAL MEMO Page 2 RECOMMENDATION The Finance and Safety Committee is being asked to approve the 2011 -2012 biennial budget ordinance and the 2011 -2016 Financial Planning Model and Capital Improvement Plan resolution and forward to the Committee of the Whole. This item is scheduled for the November 16 Finance and Safety Committee meeting, the November 22 Committee of the Whole meeting, and the December 6 Regular Council meeting. ATTACHMENTS Draft Budget Ordinance Draft CIP Resolution 28 W InfoMemos\Biennial Budget Ordinance.doc ri r) PA p r.:,„y i- k'a ti J AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ADOPTING THE ANNUAL BUDGET OF THE CITY OF TUKWILA FOR THE 2011 -2012 BIENNIUM; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the preliminary budget of the City of Tukwila for the 2011 -2012 biennium was submitted to the City Council in a timely manner for their review; and WHEREAS, a Public Hearing on the proposed budget was advertised and held on November 22, 2010; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The City Council hereby adopts the document entitled "City of Tukwila 2011- 2012 Budget," incorporated by this reference as if fully set forth herein, in accordance with RCW 35A.33.075 Section 2. The totals of the estimated revenues and appropriations for each separate fund and the aggregate totals are as follows: 2011 2012 Total Biennium Revenue Revenue Revenues Fund Expenditures Expenditures Expenditures 000 General 56,907,414 58,018,052 114,925,466 101 Hotel /Motel 2,049,961 1,753,718 3,803,679 103 City Street 731,000 804,171 1,535,171 104 Arterial Street 38,290,139 10,516,647 48,806,786 105 Contingency 1,293,816 2,595,632 3,889,448 107 Fire Equipment Cumulative Reserve 771,685 901,356 1,673,041 109 Drug Seizure Fund 406,000 208,000 614,000 209 Limited Tax G.O. Bonds 2003 592,572 594,350 1,186,922 210 Limited Tax G.0 Refunding Bonds, 2003 501,932 500,893 1,002,825 211 Limited Tax G.0 Refunding Bonds, 2008 836,829 831,042 1,667,871 212 Limited Tax G.O. Refunding Bonds, 2009A 30,166 30,184 60,350 213 Limited Tax G.O. Refunding Bonds, 2009B 254,438 254,605 509,043 214 Limited Tax G.O. Refunding Bonds, 2010A 395,775 393,975 789,750 215 Limited Tax G.O. Refunding Bonds, 2010B 190,450 190,450 380,900 301 Land Acquisition, Recreation Park Devl. 5,096,243 4,695,772 9,792,015 302 Facility Replacement 2,005,756 1,886,121 3,891,877 303 General Government Improvements 957,203 700,906 1,658,109 304 Fire Improvements 190,100 240,200 430,300 401 Water 10,271,534 7,136,837 17,408,371 402 Sewer 9,121,426 6,676,755 15,798,181 404 Water /Sewer Revenue Bonds 651,637 671,185 1,322,822 405 Bond Reserve 411,000 411,000 822,000 411 Foster Golf Course 2,337,200 1,790,847 4,128,047 412 Surface Water 5,214,886 4,634,471 9,849,357 501 Equipment Rental 5,642,740 5,772,824 11,415,564 502 Insurance Fund 10,123,953 9,872,335 19,996,288 503 Insurance LEOFF 1 Fund 1,929,040 1,825,846 3,754,886 611 Firemen's Pension 1,503,872 1,491,744 2,995,616 Total All Funds Combined 158,708,767 125,399,918 284,108,685 W \Word Processing Ordinances \DRAFT Budget Ordnance 2011- 2012.doc SH:rnrlr Page 1 of 2 29 Section 3. A complete copy of the final budget for 2011 -2012, as adopted, together with a copy of this adopting ordinance, shall be kept on file in the City Clerk's Office, and a copy shall be transmitted by the City Clerk to the Division of Municipal Corporations of the Office of the State Auditor and to the Association of Washington Cities. Section 4. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. Section 5. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and hall take effect and be in full force and effect five days after passage and publication as provided by law PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of 2010. ATTEST/ AUTHENTICATED: Jim Haggerton, Mayor Christy O'Flaherty, City Clerk Filed with the City Clerk: APPROVED AS TO FORM BY. Passed by the City Council: Published: Effective Date: Office of the City Attorney Ordinance Number: W \Word Processing Ordinances \DRAFT Budget Ordinance 2011- 2012.doc SH:nvh Page 2 of 2 30 DRAFT A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ADOPTING THE 2011 -2016 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 2011 -2016 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 2011 -2016 Financial Planning Model and accompanying Capital Improvement Program, incorporated by this reference as if fully set forth herein. Section 2. A copy of the 2011 -2016 Financial Planning Model and accompanying Capital Improvement Program shall be kept on file in the City Clerks 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 2011 -2016. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of 2010 ATTEST/ AUTHENTICATED: Dennis Robertson, Council President Christy O'Flaherty, 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 Attachment: Financial Planning Model and Capital Improvement Program 2011 -2016 W \Word Processing Resolutions \Financial Planning Model CIP 2011- 2016.doc GL:nl, 11/09/2010 Page 1 of 1 31