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HomeMy WebLinkAboutReg 2014-09-02 Item 2C - 2015-2016 Biennial Budget Update - Tab 11: Revenues and Expenditures Governmental Funds / General Fund Operating Expenditures 2015-2016 Budget Preview September 2, 2014 CITY OF TUKWILA ATTACHMENT A - REVENUES AND EXPENDITURES GOVERNMENTAL FUNDS 2015-2020 Analysis in 000's REVENUES ACTUAL Budget BUDGET PROJECTIONS (See A-1) Estimate TOTAL 2015-2020 2014 2013 2014201520162017201820192020 General Revenues Sales and Use Taxes $ 15,680 16,521 $ $ 1 6 , 5 3 0 $ 17,034 $ 17,628 $ 17,981 $ 1 8 , 5 2 0 $ 19,076 $ 19,648 $ 109,887 1 Property Taxes 14,322 13,757 1 4 , 1 0 0 14,520 15,028 15,404 1 5 , 7 8 9 16,184 16,588 93,513 2 Utility Taxes 4,155 3,880 4 , 0 0 0 4,075 4,156 4,281 4 , 4 0 9 4,541 4,678 26,140 3 Interfund Utility Tax 1,586 1,687 1 , 7 8 8 1,860 1,979 2,077 2 , 1 8 1 2,290 2,405 12,793 4 Gambling and other taxes 2,819 3,047 3 , 1 7 0 3,228 3,303 3,352 3 , 4 0 2 3,452 3,504 20,241 5 RGRL 1,768 1,725 1 , 7 6 8 1,803 1,839 1,885 1 , 9 3 2 1,980 2,030 11,469 6 Licenses & permits 1,946 2,014 2 , 0 1 1 2,100 2,152 2,215 2 , 2 7 9 2,347 2,418 13,510 7 SCL Agreement 2,250 2,084 2 , 2 5 0 2,320 2,390 2,461 2 , 5 3 5 2,611 2,690 15,007 8 Intergovernmental 2,379 2,620 3 , 0 1 9 2,449 2,526 2,553 2 , 5 8 1 2,610 2,640 15,359 9 Charges for Services/Other 3,064 2,785 2 , 9 5 4 2,901 2,937 3,025 3 , 1 1 6 3,210 3,306 18,495 10 Indirect cost allocation 2,085 2,036 2 , 0 8 5 2,255 2,345 2,415 2 , 4 8 8 2,563 2,639 14,706 11 One-time revenue 4,355 9,500 1 , 5 0 0 3,800 2,075 5,875 12 Sub-total 56,408 61,655 5 5 , 1 7 6 58,345 58,358 57,650 5 9 , 2 3 3 60,865 62,545 356,994 13 Dedicated Revenues 955 797 7 9 7 964 9 7 0 1 , 0 0 2 1 , 0 2 9 1,054 1 , 0 8 6 6,106 (Capital) 14 TOTAL REVENUES 57,204 62,609 5 5 , 9 7 2 59,309 59,328 58,652 6 0 , 2 6 2 61,919 63,631 363,100 15 EXPENDITURES Operating & Maintenance 49,119 47,321 4 9 , 0 6 8 51,130 51,894 53,192 54,522 55,885 57,282 323,904 16 (see Attachment B) Debt Service 3,026 6,023 3 , 0 2 6 2,776 3,437 3,627 3 , 6 1 9 3,613 2,789 19,861 17 Reserve Fund 2,200 4,225 - - - (75) 1 3 7 158 163 383 18 Operating transfers 675 1,734 6 0 0 300 300 3 2 3 3 2 9 316 283 1,851 19 Adm/Engineerin 602 419 4 1 9 544 565 4 4 0 4 5 1 463 474 g 2,937 20 Subtotal Available 1,765 2,704 2 , 8 5 8 4,559 3,131 1,145 1 , 2 0 4 1,484 2,640 14,164 21 Capital Projects ) (Attachment C Residential Street 115 660 6 6 0 647 (413) 413 7 5 0 750 750 2,897 22 Arterial Street 1,062 3,318 3 , 3 1 8 2,357 3,250 2,118 3 , 4 8 3 2,263 2,273 15,744 23 Land & Park Acquisition 47 6 4 7 647 1 , 0 3 3 232 1 7 2 1 6 6 321 162 2,086 24 Governmental Facilities 104 10 1 0 ( 7 0 ) 90 - - - - 20 25 General Government 280 200 2 0 0 200 200 2 0 0 2 0 0 200 200 1,200 26 Fire Improvements (89) ( 4 5 ) ( 4 5 ) ( 5 0 ) (50) ( 5 0 ) ( 5 0 ) ( 5 0 ) (50) (300) 27 Sub total Capital 4,790 1,519 4 ,790 3,309 4 ,117 2,853 4 , 5 4 9 3,484 3,335 21,647 28 Change in fund balance 1,185 ( 3 , 0 2 5 ) (1,932) 4 4 2 ( 1 7 8 ) ( 1 , 7 0 8 ) ( 3 , 3 4 5 ) (2,000) (695) (7,483) 30 Beginning fund balance 15,011 14,925 1 7 , 0 0 8 13,805 14,247 14,069 12,361 9 , 0 1 7 7,017 13,805 31 Ending Fund Balance $ 14,069 14,247 $ 12,361 $ 9,017 $ 7,017 $ 6,322 $ $ 11,986 16,110 $ 15,076 $ $ 6,322 32 Reserve fund balance $ 5,279 5,763 $ $ 5 , 7 0 0 $ 5,702 $ 5,704 $ 5,628 $ 5 , 7 6 5 $ 5,923 $ 6,086 $ 6,086 33 TOTAL FUND BALANCE $ 17,264 21,873 $ $ 2 0 , 7 7 6 $ 19,949 $ 19,773 $ 17,990 $ 1 4 , 7 8 2 $ 12,940 $ 12,408 $ 12,408 34 - includes retail sales and use tax, natural gas use tax and cr Sales and Use Taxes - includes gambling tax, admission tax and leasehold excise tax Gambling and other taxes - includes business licenses, residential rental licenses, buil Licenses & permits - includes streamlined sales tax mitigation, grants, state shar Intergovernmental - includes REET, parking tax, motor vehicle tax, investment inc Dedicated Revenues (Capital) - 2013: $8.5M LID bond proceeds, $1M bond proceeds for the MPD loan; 2014 budget-$4.3M Tu kwila Village land sale; 2015- One-time revenue $2.2M Tukwila Village land sale and $1.6M sale of land current ly used for storage by utility funds; 2016 Tukwila Village land s ale 08/28/2014 2:00 PM 08/28/2014 2015-2016 Budget Preview September 2, 2014 08/28/2014 2:00 PM