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HomeMy WebLinkAboutReg 2014-10-06 Item 5.03 - 2015-2016 Biennial Budget - Budget Summary2015 - 2016 Biennial Budget City of Tukwila, Washington BUDGET SUMMARY This section summarizes the 2015 -2016 biennial budget and provides comparisons to previous years' revenues and expenditures. The section begins with an overview of the City's general fiscal environment followed by a discussion the budget development process, then a financial summary of budget data of revenues and expenditures for all funds combined. The reader is encouraged to refer to other sections of the budget for more details. GENERAL FISCAL ENVIRONMENT Effective budget and financial policies are developed gradually over a period of time in response to long -term fiscal and social- economic conditions. Accordingly, although this document responds to the City's financial policies, framework has been developed in response to multi -year fiscal pressures. Tukwila's economy generally follows the economic cycles of the surrounding region. However, the economic down periods in the cycles have generally been less severe for Tukwila than for other municipalities in the region due to the relatively stable nature of Tukwila's economy. While the last economic downturn has been a challenge for Tukwila, the City's financial position is improving and reserve levels exceed policy requirements. Gradual, but continual improvement in Tukwila's economy is expected into the biennium. Construction activity on Tukwila International Boulevard associated with the build out of the Tukwila Village complex and with the redevelopment of the urban renewal area is expected to boost construction related revenues including sales tax, permit fees and utility taxes with an acceleration of activity expected in 2016. Additionally, 500 acres of land ripe for development lies within the Tukwila South section of the urban center. A 19 story apartment -hotel complex, Washington Place, is planned for the urban area; the first residential structure in the area. The City is optimistic about this project but has not included it in our revenue assumptions in order to maintain a conservative approach. Economic cycles are not the only determinants of revenues for municipal budgeting. Even with an improving economy, laws that determine who pays taxes and how much they pay can also have a major impact. The Washington State Legislature adopted several pieces of legislation which have limited the ability of local governments to increase revenues and future taxing ability. Although Tukwila's economy has stabilized, these revenue limitations have negatively impacted Tukwila's largest revenue streams. Revenue is growing slowly while demand for services continues to increase at a faster pace than revenues. This trend will continue to have a substantial impact on Tukwila's budget. Challenges for the future remain. Federal, state and county governments continue to devolve services down to cities and there is no evidence the trajectory will slow or change anytime soon. Agencies are no longer the partners they once were in funding critical infrastructure projects. Over the past 7 years the City has leveraged hundreds of millions in federal and state dollars to accomplish road and other projects, but these dollars are becoming scarcer. There is concern about the upcoming state legislative session and the possibility of additional state shared revenues going away, which would further burden cities across the state. Additionally, health care costs continue to go up. Like every other city and all 39 counties in the state, revenues continue to be constrained by the 1% property tax cap imposed by the state legislature. At some point, without a fundamental change, expenses will outstrip 23 2015 - 2016 Biennial Budget City of Tukwila, Washington revenues and the City will be faced with very difficult choices. This budget has kept this reality in mind and is crafted to ensure the City remains in the best fiscal health possible. BUDGET DEVELOPMENT The 2015 -2016 biennial budget is fiscally prudent with no expected drawdowns to our general fund balance or the contingency reserves. In fact, our contingency reserve goal was reached in 2013, one year ahead of schedule. This budget includes no new taxes. As bonds mature, the budget uses a small portion of the City's considerable bonding capacity to tackle the identified key priorities of sidewalks, curbs, gutters and undergrounding and capitalizes on a new favorable agreement with Seattle City Light that has them covering 60% of the cost of undergrounding on 42nd Avenue South and 53rd Avenue South. This budget season was different. This is the first budget developed since the adoption of the City's Strategic Plan which occurred in December 2012. The budget focuses on City priorities; priorities that align with the City's strategic goals. The 2015 -2016 priorities were identified through a collaborative process between the Council and the Administration and with input from the business and residential communities. In October of 2013, a joint Council /Administration workshop was held to discuss budget priorities; the Administration did some refinements in December and the Council made additional refinements at their retreat in January. In February, a Business Vitality Forum was held and in March, a Community Budget Forum. A Budget Survey was also conducted to learn more about community opinions and priorities. Together the budget priorities were finalized and the Council approved them in June of this year. The budget presented is the result of this work and adheres to both the priorities and the adopted strategic plan. The six priorities identified are: 1. Tukwila International Boulevard Community Transformation 2. Community Livability 3. Create Community Partners to Implement City -wide Plans and Visions 4. Develop /Implement Comprehensive Economic Development Plan 5. Continue to create a more effective organization 6. Improved communications and community identity Once the priorities were identified, the Administration solicited new ideas from staff. The staff proposals were evaluated and vetted based on these priorities and six were selected for funding as 2015 -16 initiatives. The budget responds to the priorities both through the new initiatives and through continued work on initiatives already underway to help the City meet the Strategic plan goals, as shown below. 24 2015 - 2016 Biennial Budget City of Tukwila, Washington Priority 1 - Tukwila International Boulevard Community Transformation • Tukwila International Boulevard motel seizure & property redevelopment • Neighborhood Resource Center • 8 additional police personnel hired since 2012 • 1 additional police sergeant hired for the Auto Theft Task Force • Trash clean up on Tukwila International Boulevard • Tukwila Village development • 2015 -16 Initiative - Enhanced Code Enforcement ❖ 2015 -16 Initiative - Economic Development Plan Priority 2 - Community Livability • 2014 Code Enforcement enhancement • Park & Recreation Open Space (PROS) plan complete • Comprehensive Plan update • Complaint tracking through new Trakit permitting system ❖ 2015 -16 Initiative - Enhanced Code Enforcement Priority 3 - Community Partners to Implement City -wide Plans and Visions • Expanded collaboration with Tukwila School District • Outreach to community through Community Connectors • Increased City participation at school and community functions • Recreation department collaboration with Tukwila School District and YMCA to offer after school enrichment programs to elementary school students. Priority 4 - Develop/Implement Comprehensive Economic Development Plan • Reorganization of Economic Development division • Economic element of Comprehensive Plan ❖ 2015 -16 Initiative - Economic Development Plan Priority 5 - Continue to create a more effective organization • High Performing Organization, Cultural Competency and Lean City -wide training • Process improvement study conducted by State Auditor • Process improvement study conducted by outside consultant ❖ 2015 -16 Initiative - Mandated public defender funding ❖ 2015 -16 Initiative - Public records request assistance ❖ 2015 -16 Initiative - Fire safety equipment Priority 6 - Improved communications and Community identity. • Establishment of communications division; staffing of 3 • 1% of CIP projects dedicated to art ❖ 2015 -16 Initiative - City identity /communication strategy 25 2015 - 2016 Biennial Budget City of Tukwila, Washington The proposal vetting process culminated in a clear ranking of three proposals, which became known as the Tier 1 Initiatives, and a four -way tie for 4 others, which are referred to as Tier 2 Initiatives. A table describing the initiatives and the additional budget appropriated for them in the 2015 -2016 budget follows: PRIORITY BASED INITIATIVES Additional budget — In Thousand $ Description 2015 1 2016 Legally Mandated Public Defender caseload limitation $275 $275 In Mayor's budget as professional services Tier One Code enforcement $87 $87 In Community Development budget as professional services Public Records request assistant $90 $90 In Mayor /Attorney budget as professional services Fire equipment $137 $0 In Fire budget as supplies: Airpack cylinders, thermal imaging cameras, defibrillators Tier Two City identity / communication strategy $80 $40 In Communications budget as professional services Economic Development plan $60 $0 In Economic Development budget as professional services _ Recreation after school program $0 $0 Accomplished with existing budget through partnership with Tukwila School District and YMCA Police Recruitment coordinator $0 $0 Accomplished with existing budget through process improvements Legally Mandated Initiative One initiative made the list, not based on Administration selection, but because it is legally mandated. Based on a Supreme Court case that becomes effective January 1, 2015, public defender caseloads will be limited to 400 per year driving up the cost of providing public defender services. The budget responds to this new requirement. Tier One Initiatives Code enforcement - Resources are added to the code enforcement function to assist in the continual effort to improve the image of Tukwila International Boulevard and residential neighborhoods. Public records request assistant - The additional resources will allow placement of the review and redaction of the majority of the City's public records in the hands of a dedicated public records specialist freeing up the City's Attorney to work on legal issues. 26 2015 - 2016 Biennial Budget City of Tukwila, Washington Fire equipment -The proposal funds the replacement of critical equipment such as defibrillators, thermal imaging cameras - used in low to zero light and visibility conditions - and airpacks. Tier Two Initiatives City identity /communication strategy - The City identity /communication strategy initiative would provide banners for Tukwila International Boulevard and elsewhere, gateway signs, fund other communication initiatives such as website design and update, and cable TV. Economic Development Plan - The Plan would create a roadmap of goals and strategies for the City's continued and sustained economic growth and development. Recreation after school programs - The City leveraged its partnership with the Tukwila School District and YMCA to develop after school programing that meets the needs of the elementary school children. Under this arrangement, no additional budget was required. This initiative is an alternative to the full scale proposal originally submitted. Police recruitment coordinator - By adjusting priorities and process, additional resources are not considered necessary at this time. Although police recruitment remains a high priority of the City, through a big push in 2014 to hire up all the open and pipeline positions, the need to recruit is expected to subside. 27 2015 - 2016 Biennial Budget City of Tukwila, Washington FINANCIAL SUMMARY The 2015 -16 budget reflects a City -wide net expenditure of $5.5 million in 2015 and $3 million in 2016 or $8.5 million over the biennium. No drawdown of the general fund or the contingency reserve is expected in the biennium, the result of an emphasis on maintaining structural balance for continued financial stability and sustainability. Debt financing is contemplated for three important capital projects - the 42nd Avenue South road improvement including sidewalks and undergrounding of utilities; the Interurban Avenue South improvement and the Boeing Access Road bridge retrofitting for increased public safety. Use of the City's considerable debt capacity is considered fiscally prudent especially as existing bonds mature and debt service on the retiring bonds can be replaced with debt service on the new bonding. In this biennial budget, the City's debt service level remains below 6% of ongoing general fund revenues which is 2% lower than the 8% rule of thumb often used as a guideline for affordability. In addition to debt - financed capital projects, cash investments are planned for maintenance of capital assets including roads and bridges and for improvements to the residential street, 53rd Avenue South, which includes sidewalks and undergrounding of utilities. The budget also includes investment in the utility funds. A water fund drawdown of over $3.8 million will allow investment in the Andover Park East water main replacement project among other projects. A sewer fund drawdown of over $1.7 million will allow investment the Central Business District sewer system upgrade and other projects. Investments in the Duwamish River waterway for fish habitat and other environmental interests and other surface water management projects are included for the surface water fund. The City -wide picture also includes a re- balancing of the healthcare funds. As a result of an overfunding situation, the fund balance in both the employee and the Leoff 1 retiree healthcare plans has been lowered through lower premium charges in the last biennium. This budget includes premium increases for both plans based on actuarial projections and the City's Reserve Policy. The employee plan structure will be evaluated for cost savings opportunities and to avoid the Patient Protection and Affordability Care Act (PPACA) 40% excise tax, the "Cadillac tax ", which goes into effect in 2018; the retiree plan will be evaluated to ensure medicare coverage and other cost saving options are fully utilized. Budget Summary Schedules - Fund Groupings. The funds have been grouped according to their function within the City. The contingency reserve is displayed with the general fund since the sole funding source is the general fund (with the exception of investment earnings) and no external restrictions have been placed on it. As a side note, for purposes of financial reporting the general fund and contingency reserve are combined in the Comprehensive Annual Financial Report (CAFR) as well. The residential street fund and the arterial street fund have been grouped with the capital project funds since their main activity is capital improvements. The Local Improvement District (LID) fund and associated guaranty fund are shown separately from the general obligation debt; the LID debt is secured by the property assessed in the district and is not considered a direct obligation of the City. The estimated beginning fund balances, revenues, expenditures and ending fund balances for each of the funds and fund groups is shown below for both 2015 and 2016. The governmental funds included in the Financial Planning Model Attachment A are identified with an asterisk. They exclude the Special Revenue funds which are self- supporting and the allowable activities are very specific and restricted. 28 2015 - 2016 Biennial Budget City of Tukwila, Washington 2015 BUDGET SUMMARY - ALL FUNDS Fund 2015 Beginning Fund Balance 2015 Resources 2015 Expenditures 2015 Change in Fund Balance 2015 Ending Fund GENERAL & CONTIN- GENCY Fund 000 - General $ 9,500,000 $ 56,731,999 $ 56,528,833 $ 203,167 $ 9,703,167 Fund 105 - Contingency 5,700,000 1,816 - 1,816 5,701,816 Total General & Contingency 15,200,000 56,733,815 56,528,833 204,983 15,404,983 SPECIAL REVENUE Fund 101- Hotel /Motel Tax 500,000 1,467,316 1,577,642 (110,326) 389,674 Fund 109 - Drug Seizure 60,000 60,000 55,000 5,000 65,000 Total Special Revenue Funds 560,000 1,527,316 1,632,642 (105,326) 454,674 DEBT SVC Funds 2 * * -LTGO Debt Service Funds 5,000 3,259,059 3,259,059 - 5,000 Fund 206 - Guaranty 668,000 500 - 500 668,500 Fund 233 - Local Imp. Dist. Bonds, 2013 805,000 810,140 794,284 15,856 820,856 Local Imp. Dist #33, Guaranty Funds 1,473,000 810,640 794,284 16,356 1,489,356 CAPITAL PROJECTS Fund 103 - Residential Streets 1,400,000 524,842 1,868,000 (1,343,158) 56,842 Fund 104 - Bridges & Arterial Streets 600,000 21,302,000 21,557,511 (255,511) 344,489 Fund 301- Land Acq, Rec, Park Develop 1,100,000 2,491,000 3,273,000 (782,000) 318,000 Fund 302 - Facility Replacement 1,800,000 4,453,602 4,380,000 73,602 1,873,602 Fund 303 - General Government Imp 500,000 200,500 320,550 (120,050) 379,950 Fund 304 - Fire Improvements 450,000 50,100 - 50,100 500,100 Total Capital Projects Funds 5,850,000 29,022,044 31,399,061 (2,377,016) 3,472,984 ENTERPRISE Fund 401- Water 6,500,000 5,829,000 7,448,185 (1,619,185) 4,880,815 Fund 402 - Sewer 3,400,000 8,262,000 8,636,400 (374,400) 3,025,600 Fund 411- Foster Golf Course 600,000 1,769,747 1,768,017 1,730 601,730 Fund 412 - Surface Water 2,200,000 11,261,000 11,070,311 190,689 2,390,689 Total Enterprise Funds 12,700,000 27,121,747 28,922,912 (1,801,165) 10,898,835 INTERNAL SERVICE Fund 501- Equip Rental & Replacement 4,500,000 3,613,043 3,555,343 57,700 4,557,700 Fund 502 - Self- Insured Healthcare Plan 3,500,000 5,186,929 6,342,002 (1,155,073) 2,344,927 Fund 503 - LEOFF I Self -Ins Health Plan 500,000 703,851 948,819 (244,968) 255,032 Total Internal Service Funds 8,500,000 9,503,823 10,846,164 (1,342,341) 7,157,659 Q :,5, Fund 611- Firemen's Pension 1,500,000 58,650 132,727 (74,077) 1,425,923 TOTAL BUDGET $ 45,788,000 $128,037,095 $ 133,515,682 $ (5,478,587) $ 40,309,413 ** Included in Financial Planning Model, Attachment A $ 18,882,966 ** ** ** ** ** 29 2015 - 2016 Biennial Budget City of Tukwila, Washington Budgeted Revenues by Fund - 2015 Internal Service Funds 7.62% Enterprise Funds 21.74% Fiduciary Funds 0.05% Capital Projects 23.26% Debt rvice 0.65% General Fund 45.47% Special Revenue Funds 1.22% General Fund Special Revenue Funds Debt Service Capital Projects Enterprise Funds Internal Service Funds Fiduciary Funds Budgeted Expenditures by Fund - 2015 Internal Service Funds 8.33% Enterprise Funds 22.20% Fiduciary Funds 0.10% General Fund 43.40% Capital Projects 24.11% Debt Service 0.6 Special Revenue Funds 1.25% General Fund Special Revenue Funds Debt Service Capital Projects Enterprise Funds Internal Service Funds Fiduciary Funds 30 2015 - 2016 Biennial Budget City of Tukwila, Washington 2016 BUDGET SUMMARY - ALL FUNDS Fund 2016 Beginning Fund Balance 2016 Resources 2016 Expenditures 2016 Change in Fund Balance 2016 Ending Fund GENERAL & CONTIN- GENCY Fund 000 - General $ 9,703,167 $ 59,585,779 $ 59,761,699 $ (175,920) $ 9,527,247 Fund 105 - Contingency 5,701,816 1,816 - 1,816 5,703,632 Total General & Contingency 15,404,983 59,587,595 59,761,699 (174,104) 15,230,879 SPECIAL REVENUE Fund 101 - Hotel/Motel Tax 389,674 630,000 427,500 202,500 592,174 Fund 109 - Drug Seizure 65,000 60,000 45,000 15,000 80,000 Total Special Revenue Funds 454,674 690,000 472,500 217,500 672,174 DEBT SVC Funds 2 * * -LTGO Debt Service Funds 5,000 3,364,649 3,364,649 - 5,000 Fund 206 - Guaranty 668,500 500 - 500 669,000 Fund 233 - Local Imp. Dist. Bonds, 2013 820,856 785,673 736,005 49,668 870,524 Local Imp. Dist #33, Guaranty Funds 1,489,356 786,173 736,005 50,168 1,539,524 CAPITAL PROJECTS Fund 103 - Residential Streets 56,842 9,156,878 8,823,000 333,878 390,721 Fund 104 - Bridges & Arterial Streets 344,489 14,004,080 14,200,217 (196,137) 148,353 Fund 301- Land Acq, Rec, Park Develop 318,000 311,000 292,000 19,000 337,000 Fund 302 - Facility Replacement 1,873,602 4,328,602 4,415,000 (86,398) 1,787,204 Fund 303 - General Government Imp 379,950 200,500 330,641 (130,141) 249,809 Fund 304 - Fire Improvements 500,100 50,100 - 50,100 550,200 Total Capital Projects Funds 3,472,984 28,051,160 28,060,857 (9,697) 3,463,287 ENTERPRISE Fund 401- Water 4,880,815 6,093,000 8,298,949 (2,205,949) 2,674,866 Fund 402 - Sewer 3,025,600 8,324,000 9,796,006 (1,472,006) 1,553,594 Fund 411- Foster Golf Course 601,730 1,811,747 1,812,394 (647) 601,083 Fund 412 - Surface Water 2,390,689 6,968,000 6,591,228 376,772 2,767,461 Total Enterprise Funds 10,898,835 23,196,747 26,498,578 (3,301,831) 7,597,004 INTERNAL SERVICE Fund 501- Equip Rental & Replacement 4,557,700 3,454,093 2,409,952 1,044,141 5,601,841 Fund 502 - Self- Insured Healthcare Plan 2,344,927 5,594,029 6,344,241 (750,212) 1,594,715 Fund 503 - LEOFF I Self -Ins Health Plan 255,032 568,340 617,391 (49,051) 205,981 Total Internal Service Funds 7,157,659 9,616,462 9,371,584 244,878 7,402,537 Q d Fund 611- Firemen's Pension 1,425,923 58,650 132,727 (74,077) 1,351,846 TOTAL BUDGET $ 40,309,413 $ 125,351,436 $128,398,599 $ (3,047,163) $ 37,262,250 ** Included in Financial Planning Model, Attachment A $ 18,699,165 ** ** ** ** ** ** ** ** 31 2015 - 2016 Biennial Budget City of Tukwila, Washington Budgeted Revenues by Fund - 2016 Internal Service Funds 7.88% Enterprise Funds 19.02% 1 Fiduciary Funds 0.05% Capital Projects 23.00% Debt Service 0.64% Special Revenue Funds 0.57% General Fund 48.85% General Fund Special Revenue Funds Debt Service Capital Projects Enterprise Funds Internal Service Funds Fiduciary Funds Budgeted Expenses by Fund - 2016 Internal Service Funds 7.50% Enterprise Funds 21.19% Fiduciary Funds 0.11% General Fund 47.80% Capital P Debt Service 0.59 °° Special Revenue Funds 0.38% General Fund Special Revenue Funds Debt Service Capital Projects Enterprise Funds Internal Service Funds Fiduciary Funds 32 2015 - 2016 Biennial Budget City of Tukwila, Washington REVENUE - ALL FUNDS The 2014 budget has not been adjusted to reflect 2014 estimated actual revenues. For some revenue items, this results in an understatement of the 2014 budget and an overstatement of the increase in the 2015 budget. To get a more accurate picture of the revenue change, the average increase from 2013 actual revenues to the 2015 budgeted revenues should be considered. Also, it should be noted that the revenue totals for all funds include a gross up, and sometimes duplication, of amounts transferred between funds (transfers -in and transfers -out); the internal transactions are shown both in the originating fund and the recipient fund. The total revenue and transfers budgeted is $128 million for 2015 and $125 million for 2016. This is an .8% reduction in growth in 2015 over the 2014 budgeted revenue. Revenue declines in 2015 because of a reduction in transfers -in; the 2014 budget included Local Improvement Fund transfers among the LID fund, the arterial street fund and the general fund. The 2015 budget includes transfers of Tukwila Village land sale proceeds from the Facility Fund 302 to the general fund. In addition to this decline in transfers in, other revenue changes include an increase in other intergovernmental revenue for the $6 million that may be received from King County Conservation Futures and King County Mitigation Bank for the Chinook Wind salmon habitat restoration land purchase; a reduction in property sales due to the inclusion of $4.3 million of Tukwila Village land sale revenue in the 2014 budget -- the land sale proceeds are now expected to be received over a three year period from 2014 - 2016; increase in employer trust contributions reflecting the premium increase for the healthcare plans; interfund utility tax increases reflecting the budgeted rate increases in the City's utility funds; increase in gambling taxes from the ramp up in gambling activity at the casino added in 2012 and increased activity at the other establishments; increase in permitting and plan check fees reflecting the expectation of an active construction season. The 2016 revenue projection is 2.1% less than the 2015 projected amount. Grant revenue declines as capital projects are completed; bond proceeds decline as financing is obtained for capital projects. The $8.3 million bond proceeds budgeted for 2015 are comprised of $3.1 million Interurban Avenue South, $2.5 million Boeing Access Road bridge, $2.25 million line of credit financing for urban renewal and $455 thousand for the sewer fund public works trust fund loan. The 2016 bond proceeds help fund the 42nd Avenue South residential street project. Property sales in 2016 include an estimate for the Longacres property, the third payment phase on the Tukwila Village land sale and the urban renewal property sale and sale of surplus fleet equipment. Revenue projections for ongoing sources are conservative estimates based on local economic factors as well as historical data. Sales and use tax is the City's largest revenue source. Sales & use tax revenue is projected to increase to $17 million in 2015 which represents an average annual increase over 2013 actual revenues of 1.6 %. The 2016 increase is projected at 3.5% and is predicated on the anticipated construction activity on Tukwila International Boulevard and elsewhere in the City. Projections for sales and use tax revenue are based on historical trends as well as selected economic indicators including changes in unemployment, disposable income, and anticipated construction of major projects. Property tax, which is the second largest revenue source, is used for general governmental operations and is limited to the lesser of 1% or inflation. Property tax growth resulting from new construction, 33 2015 - 2016 Biennial Budget City of Tukwila, Washington changes in value of state - assessed utility property, and newly annexed property are exempted from the limit factor and may be added to the tax value. The City anticipates that property tax revenue will be at $14.4 million in 2015, an average annual increase of 2.3% over 2013 actual taxes and at $14.8 million in 2016, an increase of 2.7 %. The additional property tax in 2016 is expected from new construction. Cities and towns in Washington State are authorized to levy a tax on public utility businesses based on revenues they generate within the city or town, known as a utility tax. The city currently levies a 6% tax on electricity, natural gas, cable, telephone, and solid waste /recycling. Utility tax revenue is projected to be $4 million in 2015 and $4.1 in 2016. Telephone utility tax has been declining in recent years. Taxes appear to have stabilized and a slight increase is expected in the biennium. The City also receives revenue from other sources to pay for providing general government services. These revenue sources include other taxes (admissions, excise, hotel /motel), fees and charges, interest earnings, and grants. 34 2015 - 2016 Biennial Budget City of Tukwila, Washington Revenue - All Funds Revenues 2012 Actual 2013 Actual 2014 Budget 2015 Budget 2016 Budget Percentage Change 2013 2014 2015 2016 Property Taxes $ 14,072,015 $ 13,790,658 $ 14,321,617 $ 14,435,171 $ 14,819,046 -2.0% 3.9% 0.8% 2.7% Sales and Use Taxes 15,673,891 16,520,856 15,679,917 17,033,731 17,631,462 5.4% -5.1% 8.6% 3.5% RGRL Tax 1,755,618 1,724,557 1,767,500 1,820,525 1,875,141 -1.8% 2.5% 3.0% 3.0% Parking /Admissions Tax 736,478 845,500 763,000 858,000 877,160 14.8% -9.8% 12.5% 2.2% Utility Taxes 4,001,385 3,879,992 4,154,592 4,024,592 4,105,084 -3.0% 7.1% -3.1% 2.0% Interfund Utility Tax 1,534,581 1,686,859 1,585,500 1,855,900 1,981,000 9.9% -6.0% 17.1% 6.7% Gambling, Excise Taxes 3,210,139 2,749,999 2,469,958 2,940,641 3,007,301 -14.3% -10.2% 19.1% 2.3% Hotel /Motel Tax 522,033 526,832 565,000 600,000 630,000 0.9% 7.2% 6.2% 5.0% Total Taxes 41,506,139 41,725,252 41,307,084 43,568,561 44,926,194 0.5% -1.0% 5.5% 3.1% Business Licenses and Permits 716,459 790,947 780,089 826,089 846,691 10.4% -1.4% 5.9% 2.5% Building Permits and Fees 888,135 1,222,929 1,166,100 1,279,000 1,318,970 37.7% -4.6% 9.7% 3.1% Total Licenses & Permits 1,604,594 2,013,875 1,946,189 2,105,089 2,165,661 25.5% -3.4% 8.2% 2.9% Sales Tax Mitigation 1,127,394 1,122,631 1,200,000 1,140,000 1,140,000 -0.4% 6.9% -5.0% 0.0% Seattle City Light franchise fee 2,147,366 2,084,039 2,250,471 2,211,910 2,267,208 -2.9% 8.0% -1.7% 2.5% Other State shared revenues 379,186 342,560 329,860 370,860 381,594 -9.7% -3.7% 12.4% 2.9% Federal and State Grants 1,540,232 2,180,191 18,279,705 14,505,142 12,655,822 41.5% 738.4% -20.6% -12.7% Other intergovernmental 3,596,862 2,425,959 3,458,043 8,714,087 1,668,811 -32.6% 42.5% 1.52.0% -80.8% Total Intergovernmental 8,791,040 8,155,380 25,518,079 26,941,999 18,113,435 -7.2% 212.9% 5.6% - 32.8% General Government 183,769 278,790 202,430 202,913 207,913 51.7% -27.4% 0.2% 2.5% Security 543,486 399,817 555,725 554,725 559,225 -26.4% 39.0% -0.2% 0.8% Transportation 2,529,546 2,635,301 2,549,242 3,264,983 3,106,033 4.2% -3.3% 28.1% -4.9% Plan Check and Review Fees 1,486,367 1,124,384 793,500 1,051,500 991,210 -24.4% -29.4% 32.5% -5.7% Culture and Rec Fees 1,443,496 1,413,584 1,590,265 1,499,710 1,540,906 -2.1% 12.5% -5.7% 2.7% Utilities & Environment 15,325,990 17,006,817 15,841,309 18,554,000 19,800,000 11.0% -6.9% 17.1% 6.7% Total Charges for Services 21,512,654 22,858,693 21,532,471 25,127,831 26,205,287 6.3% -5.8°/o 16.7% 4.3% Total Fines and Penalties 220,752 242,638 234,829 242,829 242,829 9.9% -3.2% 3.4% 0.0% Investment Earnings 542,475 197,385 549,313 645,317 629,763 - 63.6% 178.3% 17.5% -2.4% Rents and Concessions 630,935 709,948 682,500 645,839 654,479 12.5% -3.9% -5.4% 1.3% Contributions /Donations 316,072 274,901 1,045,100 1,420,955 2,857,100 -13.0% 280.2% 36.0% 101.1% Employer Trust Contributions 4,796,490 4,375,649 4,483,192 5,715,582 5,981,244 -8.8% 2.5% 27.5% 4.6% Special assessments - 2,788,350 631,300 474,447 474,447 0.0% -77.4% -24.8% 0.0% Other Financing 363,869 338,522 226,518 237,581 231,508 -7.0% -33.1% 4.9% -2.6% Total Miscellaneous 6,649,841 8,684,755 7,617,923 9,139,721 10,828,541 30.6% - 12.3% 20.0% 18.5% Transfers In 5,618,587 22,105,277 12,847,050 7,159,846 9,228,791 293.4% -41.9% -44.3% 28.9% Debt proceeds - 7,687,500 11,004,457 8,305,000 4,400,000 0.0% 43.1% -24.5% -47.0% Property sales 69,621 65,869 4,797,791 2,842,791 6,367,791 -5.4% 7183.8% -40.7% 124.0% Indirect Cost Allocation 2,330,665 2,035,687 2,085,208 2,255,320 2,233,476 -12.7% 2.4% 8.2% -1.0% Other Financing 135,603 874,825 170,000 348,108 639,430 545.1% -80.6% 104.8% 83.7% Other Financing 8,154,477 32,769,158 30,904,506 20,911,065 22,869,488 301.9% -5.7% -32.3% 9.4% Total Revenues $ 88,439,498 $ 116,449,751 $ 129,061,081 $ 128,037,095 $ 125,351,436 31.7% 10.8% -0.8% -2.1% 35 Revenue Budget by Type - 2016 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- $44,926,194 $2,16 $18,113,435 $26,205,287 $10,828,541 $9,228,791 Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Penalties Miscellaneous $242 $639,430 Transfers - I n Other Financing 2015 - 2016 Biennial Budget City of Tukwila, Washington Revenue Budget by Type - 2015 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- $43,568,561 $2,105 $26,941,999 $25,127,831 $9,139,721 $242,82 $7,159,846 Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Penalties Miscellaneous Transfers - I n 348 108 Other Financing 36 2015 - 2016 Biennial Budget City of Tukwila, Washington EXPENDITURES - ALL FUNDS The expenditure totals for all funds include a gross up, and sometimes duplication, of amounts transferred between funds, (the transfers -in and the transfers -out); the internal transactions are shown both in the originating fund and the recipient fund. The total expenditure and transfers out budgeted is $133 million for 2015 and $128 million for 2016. This is an overall growth in 2015 of 2% over the 2014 budgeted expenditures. The 2016 expenditure projection is 3.8% less than the 2015 projected amount due mainly to the timing of land purchases. Land purchases of $9 million are budgeted in 2015 with $6 million of this designated for the Chinook Winds salmon habitat restoration project along the Duwamish River. Transfers between funds are shown as other expenditures and include transfers to the general fund for anticipated Tukwila Village land sales of $2.2 million in 2015 and $2.075 million in 2017. Professional service costs decline in 2016 by 30 %; this is due to the timing and completion of engineering services on the major capital projects. The budget continues to fund all existing positions and places an emphasis on public safety and community livability. An additional police officer has been added for participation in the Auto Theft Task Force and additional funding has been allocated to code enforcement activities. A part -time planner position has been made full time. The CERT trainer position remains full -time even though the grant funding that paid for half of the position is no longer available. Three additional staff have been added to the surface water fund to manage the multiple projects and responsibilities. The Park & Recreation department reorganized its staffing structure to better serve those who enjoy the parks, the recreation programs and the golf course. The Communications and Economic Development divisions are staffed up and well - positioned to meet the challenges required of these functions. The City is self - insured for health costs. Premiums have been increased for both the active employees and retiree plans based on actuarial projections and requirements of the City's reserve policy. Claim experience has been high in 2014 for both plans. The Administration's expectation is that claim history will normalize and cost saving opportunities will be identified and implemented through a plan evaluation process. As a result of the priority based initiative process, the purchase of essential fire equipment and development of an economic plan have been budgeted for 2015. Increased funding for public defense, code enforcement, public records requests and the communications /city identity initiative have been included in both years. The budget also includes funding for routine capital maintenance such as street overlay and bridge inspections. The major capital projects include residential street improvements for 42nd Avenue South and 53rd Avenue South; arterial street and bridge improvements for Interurban Avenue South and Boeing Access Road bridge; water system upgrade for Andover Park East; sewer system rehabilitation for the Central Business District and salmon habitat restoration and other environmental and surface water management projects. Departments continue to find operating efficiencies in an effort to lower costs for supplies and services. Operations and maintenance costs are funded for same level of services except where noted in individual department budgets. General cost increases include utility rate increases, equipment rental operating and maintenance costs, insurance, and excise tax. 37 2015 - 2016 Biennial Budget City of Tukwila, Washington Expenditure Summary - All Funds (table is continued on following page) Expenditures - All Funds General Fund Expenditures 2012 Actual 2013 Actual 2014 Budget 2015 Budget 2016 Budget Percentage Change 2013 2014 2015 2016 Salaries $ 26,914,881 $ 27,651,583 $ 28,861,272 $ 28,950,340 $ 29,389,668 2.7% 4.4% 0.3% 1.5% Extra Labor 518,442 638,621 719,645 708,158 700,857 23.2% 12.7% -1.6% -1.0% Overtime 1,426,822 1,843,822 1,410,734 1,407,420 1,403,350 29.2% -23.5% -0.2% -0.3% Total Wages 28,860,145 30,134,027 30,991,651 31,065,918 31,493,875 4.4% 2.8% 0.2% 1.4% Fica 1,712,912 1,801,601 1,769,212 1,782,436 1,807,371 5.2% -1.8% 0.7% 1.4% Leoff 751,374 806,007 686,745 757,242 773,632 7.3% -14.8% 10.3% 2.2% Pers 1,047,157 1,262,950 1,437,712 1,576,021 1,711,508 20.6% 13.8% 9.6% 8.6% Industrial Insurance 393,464 472,054 542,808 715,957 784,771 20.0% 15.0% 31.9% 9.6% Med,Dntl,Disability,Life 10,248,437 10,190,372 10,833,274 13,244,261 13,161,256 -0.6% 6.3% 22.3% -0.6% Unemployment 14,945 30,794 6,000 19,000 19,120 106.1% -80.5% 216.7% 0.6% Clothing Allowance 9,243 10,250 15,514 18,069 16,637 10.9% 51.4% 16.5% -7.9% Total Benefits 14,177,531 14,574,028 15,291,265 18,112,986 18,274,296 2.8% 4.9% 18.5% 0.9% Office Supplies 364,128 488,045 436,002 432,934 411,974 34.0% -10.7% -0.7% -4.8% Small Tools & Minor Equip 192,027 263,416 269,404 429,804 295,114 37.2% 2.3% 59.5% -31.3% Recreation Frog Supplies 62,113 100,295 76,511 97,340 97,340 61.5% -23.7% 27.2% 0.0% Fire Supplies 147,594 179,562 155,977 176,977 141,977 21.7% -13.1% 13.5% -19.8% Street Maint Supplies 243,403 184,571 278,300 259,300 259,300 -24.2% 50.8% -6.8% 0.0% Water /sewer /sewage treat. 5,814,322 5,780,704 6,069,175 6,385,000 6,410,000 -0.6% 5.0% 5.2% 0.4% Resale items -fuel, other 801,044 775,712 773,428 834,428 836,028 -3.2% -0.3% 7.9% 0.2% Other 366,927 411,105 439,680 508,846 507,981 12.0% 7.0% 15.7% -0.2% Total Supplies 8,029,636 8,183,410 8,498,477 9,124,629 8,959,714 1.9% 3.9% 7.4% -1.8% Professional Services 7,251,660 5,098,805 11,838,173 11,350,476 7,927,467 -29.7% 132.2% -4.1% -30.2% Communication 392,224 398,081 462,446 502,821 399,924 1.5% 16.2% 8.7% -20.5% Travel 114,865 114,585 144,315 176,778 156,293 -0.2% 25.9% 22.5% -11.6% Advertising 647,455 611,792 674,200 673,400 59,980 -5.5% 10.2% -0.1% -91.1% Operating Rents & Leases 230,446 249,489 335,123 347,423 286,991 8.3% 34.3% 3.7% -17.4% Equipment Replacment 551,729 801,722 734,922 864,646 742,125 45.3% -8.3% 17.7% -14.2% Equip Operations & Maint 1,433,094 1,300,470 1,175,572 1,561,933 1,586,874 -9.3% -9.6% 32.9% 1.6% Insurance 655,643 669,245 694,250 846,872 868,296 2.1% 3.7% 22.0% 2.5% Utilities 1,590,826 1,684,875 1,786,040 1,947,454 2,040,705 5.9% 6.0% 9.0% 4.8% Repairs and Maintenance 947,306 1,043,018 1,132,908 984,690 987,746 10.1% 8.6% -13.1% 0.3% Miscellaneous 643,806 979,871 1,038,282 1,130,989 1,079,258 52.2% 6.0% 8.9% -4.6% Claims & Judgements 440,285 519,959 370,000 450,000 450,000 18.1% -28.8% 21.6% 0.0% Credit Card Fees 23,192 21,901 26,799 33,299 33,299 -5.6% 22.4% 24.3% 0.0% Other 407,125 605,209 588,648 748,103 683,716 48.7% -2.7% 27.1% -8.6% Total Services 15,329,657 14,099,023 21,001,678 21,618,884 17,302,673 -8.0% 49.0% 2.9% - 20.0% SCORE Jail 881,125 965,288 1,071,000 1,233,000 1,294,650 9.6% 11.0% 15.1% 5.0% Valley Communications 874,543 956,718 1,013,722 1,071,661 1,129,661 9.4% 6.0% 5.7% 5.4% Animal Control 97,520 45,089 90,000 75,000 82,500 -53.8% 99.6% -16.7% 10.0% Excise tax 356,912 437,202 255,400 411,405 411,405 22.5% -41.6% 61.1% 0.0% Interfund utility taxes 1,593,849 1,745,000 1,654,000 1,915,900 2,041,000 9.5% -5.2% 15.8% 6.5% Other 70,489 106,377 88,400 97,900 97,900 50.9% -16.9% 10.7% 0.0% Total Intergovernmental 3,874,438 4,255,675 4,172,522 4,804,866 5,057,116 9.8% -2.0% 15.2% 5.2% 38 2015 - 2016 Biennial Budget City of Tukwila, Washington Expenditures - All Funds (Continued) General Fund Expenditures 2012 Actual 2013 Actual 2014 Budget 2015 Budget 2016 Budget Percentage Change 2013 2014 2015 2016 Machinery and Equipment 755,510 2,703,038 1,216,181 1,883,000 648,000 257.8% -55.0% 54.8% -65.6% Capital projects 7,218,140 2,396,405 26,913,000 23,155,001 27,936,001 -66.8% 1023.1% -14.0% 20.6% Land 1,888,688 687,228 2,500,000 9,000,000 - -63.6% 263.8% 260.0% 0.0% Total Capital 9,862,337 5,786,671 30,629,181 34,038,001 28,584,001 - 41.3% 429.30/0 11.1% -16.0% Principal 3,252,493 6,153,495 3,849,296 3,996,503 6,055,567 89.2% -37.4% 3.8% 51.5% Interest 1,590,942 1,460,238 1,309,789 1,338,730 1,209,090 -8.2% -10.3% 2.2% -9.7% Total Debt Service 4,843,435 7,613,734 5,159,085 5,335,233 7,264,657 57.2% - 32.2% 3.4% 36.2% Loans to MPD 658,706 1,250,000 - - - 89.8% 0.0% 0.0% 0.0% Transfers from GF: Capital funds & other 2,847,592 2,363,919 2,757,400 2,200,000 3,851,000 -17.0% 16.6% -20.2% 75.0% Contingency fund - 4,300,000 2,200,000 - - 0.0% -48.8% 0.0% 0.0% Debt service funds 2,770,995 2,940,244 3,428,650 2,759,846 3,302,791 6.1% 16.6% -19.5% 19.7% Indirect cost allocation to GF 2,330,665 2,035,687 2,089,178 2,255,320 2,233,476 -12.7% 2.6% 8.0% -1.0% Transfers to GF: - 8,500,000 4,355,000 2,200,000 2,075,000 0.0 % -48.8 % -49.5 % -5.7% Transfers among other funds 145,054 3,897,434 - - - 2586.9% 0.0% 0.0% 0.0% Total Other Expenditures 8,753,012 25,287,284 14,830,228 9,415,166 11,462,266 188.9% - 41.40/0 - 36.5% 21.7% Total Expenditures $ 93,730,191 $109,933,852 $130,574,087 $133,515,682 $128,398,599 17.3% 18.8% 2.30/0 -3.8% 2015 -2016 Expenditure Budget by Type Transfers - Out Debt Service Capital Outlays Intergovernmental Other Services and Charges Supplies Salaries and Benefits $- $5 $10 $15 $20 $25 $30 $35 $40 Millions 2016 2015 39 2015 - 2016 Biennial Budget City of Tukwila, Washington This page intentionally left blank 40