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HomeMy WebLinkAboutReg 2014-09-02 Item 2C - 2015-2016 Biennial Budget Update - Tab 10: General Fund Revenues, Expenditures and Change in Fund Balance 2015-2016 Budget Preview September 2, 2014 2013 2014 2014 2015 2016 13 Act- 14 Bdgt- 14Est- 15Bdt- Actual Budget Estimate Budget Budget 14 Bdgt 14Est 15Bdgt 16Bdgt evenue R General Revenue 1Property Taxes $ 14,321,617 $ 14,100,000 $ 14,520,000 $ c 15,028,200 $ 13,757,092 4.1% -1.5% 3.0% 3.5% 2Sales and Use Taxes 16,520,856 15,679,917 16,529,917 17,033,731 c 17,628,189 -5.1% 5.4% 3.0% 3.5% 3Admissions Tax 612,000 690,000 700,000 712,800 689,640 -11.3% 12.7% 1.4% 1.8% 4Utility Taxes 3,879,992 4,154,592 4,000,000 4,074,592 c 4,156,084 7.1% -3.7% 1.9% 2.0% 5Interfund Utility Tax 1,585,500 1,787,926 1,860,200 1,978,570 1,686,859 -6.0% 12.8% 4.0% 6.4% 6Revenue Generating Regulatory 1,724,557 1,767,500 1,767,500 1,802,850 1,838,907 2.5% 0.0% 2.0% 2.0% 7Gambling/Excise Taxes 2,207,341 2,480,341 2,528,024 2,590,424 2,356,894 -6.3% 12.4% 1.9% 2.5% Total General Revenue 8 40,615,890 40,328,467 41,355,684 42,519,398 43,933,174 -0.7% 2.5% 2.8% 3.3% Licenses and Permits 9Business Licenses and Permits 790,947 780,089 810,089 826,089 842,611 -1.4% 3.8% 2.0% 2.0% 10Rental Housing License 35,000 30,000 30,000 30,000 37,550 -6.8% -14.3% 0.0% 0.0% 11Building Permits and Fees 1,185,379 1,131,100 1,171,100 1,244,000 c 1,279,700 -4.6% 3.5% 6.2% 2.9% Total Licenses and Permits 12 1,946,189 2,011,189 2,100,089 2,152,311 2,013,875 -3.4% 3.3% 4.4% 2.5% Intergovernmental Revenue 13Sales Tax Mitigation 1,122,631 1,200,000 1,130,000 1,140,000 1,140,000 6.9% -5.8% 0.9% 0.0% 14Seattle City Light Agreement 2,250,471 2,250,471 2,320,000 c 2,389,600 2,084,039 8.0% 0.0% 3.1% 3.0% 15EMS, Vnet 435,395 453,096 443,096 468,000 476,040 4.1% -2.2% 5.6% 1.7% 16State Entitlements 329,860 359,860 370,860 381,594 342,560 -3.7% 9.1% 3.1% 2.9% 17Grants 719,215 395,795 1,085,795 470,191 527,871 -45.0% 174.3% -56.7% 12.3% Total Intergovernmental Revenue 18 4,629,222 5,269,222 4,769,051 4,915,105 4,703,839 -1.6% 13.8% -9.5% 3.1% Charges for Services 19General Government 138,178 54,363 125,363 51,713 51,713 -60.7% 130.6% -58.7% 0.0% 554,725 504,725 553,725 558,225 20Security 399,502 38.9% -9.0% 9.7% 0.8% 21Engineering, abatement 27,407 29,867 29,867 30,000 30,000 9.0% 0.0% 0.4% 0.0% 169,000 69,000 69,000 69,000 22Transportation 42,964 293.4% -59.2% 0.0% 0.0% 23Plan Check and Review Fees 688,564 628,500 679,500 701,500 c 721,210 -8.7% 8.1% 3.2% 2.8% 566,215 451,215 469,710 475,906 24Culture and Rec Fees 440,273 28.6% -20.3% 4.1% 1.3% Total Charges for Services 25 1,736,887 2,002,670 1,859,670 1,875,648 1,906,054 15.3% -7.1% 0.9% 1.6% Fines and Penalties 234,829 243,829 242,829 242,829 26 242,638 -3.2% 3.8% -0.4% 0.0% 805,839 826,132 850,923 782,271 788,412 35Miscellaneous Revenue 2.5% 3.0% -8.1% 0.8% Indirect cost allocation 2,035,687 2,085,208 2,085,208 2,255,320 2,345,123 36 2.4% 0.0% 8.2% 4.0% Ongoing Revenue 37 52,154,656 52,052,717 53,675,725 54,544,606 56,283,009 -0.2% 3.1% 1.6% 3.2% 38 2.2%-0.2%3.1%1.6%3.2% 39Bond Proceeds 1,000,000 - - - - 40Transfer of excess from other funds 41Transfers In LID 8,500,000 - - - - 42Property sale - - 1,600,000 - 43Transfers In Tukwila Village land sale - 4,355,000 1,500,000 2,200,000 2,075,000 58,344,606 58,358,009 44 Total Revenue 61,654,656 56,407,717 55,175,725 5.7% 0.0% Expenditures By Department City Council 279,702 335,961 326,026 338,268 347,879 20.1% -3% 3.8% 2.8% Mayor's Office 2,735,592 3,058,747 3,305,675 3,720,638 3,902,531 11.8% 8% 12.6% 4.9% Human Resources 693,816 670,843 672,221 687,001 602,151 15.2% -3% 0.2% 2.2% Finance 2,254,995 2,294,133 2,294,133 2,493,990 2,565,840 1.7% 0% 8.7% 2.9% Legal 661,860 655,732 788,418 788,418 678,993 -2.5% -1% 20.2% 0.0% Rec 2,465,397 2,652,697 2,606,355 2,703,670 2,775,685 7.6% -2% 3.7% 2.7% Parks Maintenance 1,154,636 1,145,805 1,322,192 1,361,049 1,142,944 1.0% -1% 15.4% 2.9% Community Development 3,181,827 3,108,679 2,890,474 3,055,914 3,141,693 -2.3% -7% 5.7% 2.8% Court 1,096,547 1,094,043 1,125,141 1,156,635 1,093,017 0.3% 0% 2.8% 2.8% Police 14,725,183 15,587,238 15,544,322 16,179,318 16,338,501 5.9% 0% 4.1% 1.0% Fire 10,522,254 10,975,851 10,831,305 10,719,242 10,708,909 -1.7% 4% -1.3% -1.0% Information Technology 1,245,356 1,362,557 1,108,201 1,159,089 1,186,071 9.4% -19% 4.6% 2.3% Public Works 3,679,272 3,573,878 3,637,577 3,728,248 3,394,522 8.4% -3% 1.8% 2.5% PW Street Maintenance 2,812,580 2,910,132 2,876,868 3,102,207 3,195,608 3.5% -1% 7.8% 3.0% 45Total Department Expenditures 49,118,529 49,068,207 51,129,948 51,894,402 47,321,170 3.8% -0.1% 4.2% 1.5% 6.0% 3.8% -0.1% 4.2% 1.5% Loan to MPD 1,250,000 - Transfers to Debt Service Funds 2,940,244 3,428,650 2,841,000 3,028,650 3,503,000 23.3% Transfers to Capital Project Funds 2,948,000 2,757,400 2,363,919 2,700,400 5,082,000 -42.0% Transfers to Contingency 4,225,000 2,200,000 - - - Total Expenditures 46 59,052,947 58,345,402 57,504,579 58,100,333 54,797,257 7.8% -1.2% 3,554,323 (1,096,862) (708,342) 378,469 12,607 47Change in Fund Balance 48Beginning Fund Balance 7,583,253 6,026,030 9,580,352 9,500,000 8,791,658 -7.5% Ending Fund Balance 49 $ 9,580,353 $ 6,486,391 $ 8,791,658 9,958,821 $ $ 8,804,265 0.1% 08/28/2014 2:00 PM 08/28/2014 12:49 PM 2015-2016 Budget Preview September 2, 2014 GENERAL FUND REVENUES, EXPENDITURES AND CHANGE IN FUND BALANCE 2009 2010 2011 2012 2013 2014 2014 2015 2016 Actual Actual Actual Actual Actual Budget Estimate Budget Budget RGRL Ongoing revenue $ 48,121,383 49,405,408 $ 50,138,254 $ 51,024,042 $ 52,154,656 $ 52,052,717 $ 53,675,725 $ 54,544,606 $ 56,283,009 $ -2.6%4.2%1.8%2.2%-0.2%3.1%1.6%3.2% 2.9% Ongoing expenditures: Department 44,740,120 46,045,887 43,510,097 44,636,295 47,321,170 49,118,529 49,068,207 51,129,948 51,894,402 -2.8%-2.7%2.6%6.0%3.8%-0.1%4.2%1.5% 3.7% Debt service 2,174,141 1,593,241 2,637,568 2,770,995 2,940,244 3,428,650 3,028,650 2,841,000 3,503,000 46,914,261 47,639,128 46,147,665 47,407,290 50,261,414 52,547,179 52,096,857 53,970,947 55,397,402 -1.5%-1.6%2.7%6.0%4.5%-0.9%3.6%2.6% Net excess (deficiency) of ongoing revenues versus expense 1,207,122 1,766,280 3,990,589 3,616,752 1,893,242 (494,462) 1,578,869 573,658 885,607 One-time revenue Transfer from other funds 786,500 Bond proceeds 1,000,000 LID proceeds 8,500,000 Property sale - 1,600,000 Tukwila Village 4,355,000 1,500,000 2,200,000 2,075,000 Total One-Time Revenues 786,500 9,500,000 - 4,355,000 1,500,000 3,800,000 2,075,000 - - One-time expenditure Contingency reserve 4,225,000 2,200,000 - MPD Loan 658,706 191,294 1,250,000 Capital 2,839,512 2,868,665 3,644,720 2,847,592 2,363,919 2,757,400 2,700,400 5,082,000 2,948,000 Total One-Time Expenditure 2,839,512 2,868,665 3,836,014 3,506,298 7,838,919 4,957,400 2,700,400 5,082,000 2,948,000 Net change General Fund (1,632,390) (315,885) 154,575 110,454 3,554,323 (1,096,862) 378,469 (708,342) 12,607 Net biennial Change $ (695,735) Capital Project Expenditures In Thous $ Paid From General Fund: 103 Residential Stree 42nd $ - - $ - $ 53rd 50 Resid street improvements 050 104 Arterial Street Annual OL, bri dge, signal,ADA,wetlnd 166821082028 BSNF 250 Ped Bridge 2321283280 Andover Park West 470 Walk & roll plan 140 Transp comp plan 100 S 144th 87 Other 14490 190045822398 303 Facility improvements 200200200 411 Golf Course 600300300 Total Paid from General Fund $ 5,082 2,700 $ 2,948 $ 08/28/2014 2:00 PM 08/28/2014 12:59 PM