HomeMy WebLinkAboutReg 2014-10-06 Item 5.04 - 2015-2016 Biennial Budget - Governmental Funds2015 - 2016 Biennial Budget City of Tukwila, Washington
GOVERNMENTAL FUNDS
Governmental programs and services, funded largely by taxes but also by fees for service and
intergovernmental revenues such as grants and state shared services, include the following activities:
General Government - administration, finance, attorney, and city clerk activities
Judicial - municipal court activities
Physical Environment - public works activities not chargeable to the enterprise funds.
Transportation - bridges, residential and arterial street maintenance and construction.
Economic Environment - business development, planning and building inspection activities.
Culture and Recreation - parks and recreation activities.
The general fund is the repository for most taxes and unrestricted revenues and has the most spending
flexibility. Each year the general fund transfers money to the debt service funds to pay debt service
and to the capital projects funds to help pay for park, street and other infrastructure projects.
The City maintains the following governmental funds:
General
General Fund
Contingency fund
Special Revenue Funds
Hotel /motel tax
Drug Seizure
Debt Service
Limited Tax General Obligation bonds
LID #33 bonds and guarantee fund
Capital Projects
Residential streets
Arterial streets
Park and land acquisition
Facilities
General government
Fire Improvement
Attachment A
Attachment A of the Financial Planning Model combines the activities of all governmental funds except
the special revenue funds and projects them forward six years. The special revenue funds are excluded
from the model because the funds can be used only for very specific purposes and therefore are not
available for general government services. Attachment A, also known as the 6 -Year Plan, shows
financial results, budget and projections for both operating and capital governmental activities.
As Attachment A indicates, the City's Reserve Policy is met in the 2015 -16 and 2017 -18 bienniums but
falls short in the 2019 -2020 biennium. The Financial Planning Model is used for planning purposes
year -long and is updated with each budget cycle. The plan will be adjusted as necessary to ensure the
Reserve Policy continues to be met in the future.
41
2015 - 2016 Biennial Budget
City of Tukwila, Washington
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
30
31
32
33
34
CITY OF TUKWILA
ATTACHMENT A - REVENUES AND EXPENDITURES GOVERNMENTAL FUNDS
2015 -2020 Analysis in 000's
REVENUES
ACTUAL
ADOPTED
BUDGET
PROPOSED
BUDGET
$ 5,279
PROJECTIONS
$ 5,704
TOTAL
2015-
2020
2012
2013
2014
2015
2016
2017
2018
2019
2020
General Revenues
$ 18,883
$ 18,699
$ 16,482
$ 13,248
$ 10,791
8
9,632
$ 9,632
Sales and Use Taxes
$ 15,674
$ 16,521
$ 15,680
$ 17,034
$ 17,631
$ 18,160
$ 18,705
$ 19,266
$ 19,844
$ 110,642
Property Taxes
13,830
13,757
14,322
14,329
14,759
15,128
15,506
15,894
16,291
91,908
Utility Taxes
4,001
3,880
4,155
4,025
4,105
4,187
4,292
4,421
4,553
25,583
Interfund Utility Tax
1,535
1,687
1,586
1,856
1,981
2,080
2,184
2,293
2,408
12,802
Gambling and other taxes
3,045
3,047
2,819
3,238
3,317
3,416
3,519
3,624
3,733
20,847
RGRL
1,756
1,725
1,768
1,821
1,875
1,922
1,970
2,019
2,070
11,677
Licenses & permits
1,605
2,014
1,946
2,105
2,166
2,232
2,301
2,374
2,449
13,626
SCL Agreement
2,147
2,084
2,250
2,212
2,267
2,335
2,405
2,477
2,552
14,249
Intergovernmental
2,663
2,620
2,379
2,503
2,585
2,614
2,643
2,673
2,704
15,721
Charges for Services
2,442
2,785
3,064
2,955
2,991
3,081
3,173
3,269
3,367
18,836
Indirect cost allocation
1,872
2,036
2,085
2,255
2,233
2,289
2,358
2,429
2,502
14,066
One -time revenue
-
9,500
4,355
2,400
3,675
6,075
Sub -total
50,569
61,655
56,408
56,732
59,586
57,445
59,056
60,739
62,472
356,031
Dedicated Revenues
1,332
955
797
967
980
1,010
1,040
1,067
1,099
6,162
TOTAL REVENUES
51,901
62,609
57,204
57,699
60,566
58,455
60,096
61,806
63,571
362,193
EXPENDITURES
Operating & Maintenance
(see Attachment B)
44,636
47,321
49,119
51,569
52,608
53,923
55,271
56,653
58,069
328,093
Debt Service
3,075
6,023
3,026
2,760
3,303
3,507
3,499
3,493
2,669
19,231
Reserve Fund
-
4,225
2,200
-
-
41
161
168
370
Operating transfers
982
1,734
675
300
300
308
315
323
331
1,877
Adm /Engineering
641
602
419
545
567
581
596
610
626
3,525
Subtotal Available
2,566
2,704
1,765
2,525
3,788
136
374
565
1,708
9,097
Capital Projects
Residential Street
108
115
660
1,614
141
413
750
750
750
4,418
Arterial Street
7,475
1,062
3,318
2,022
3,411
2,118
2,883
2,263
2,273
14,970
Land & Park Acquisition
696
47
647
983
182
172
166
321
162
1,986
Governmental
Facilities
23
104
10
(70)
90
-
-
-
-
20
General Government
812
280
200
200
200
200
200
200
200
1,200
Fire Improvements
(34)
(89)
(45)
(50)
(50)
(550)
(350)
(350)
(350)
(1,700)
Sub total Capital
9,080
1,519
4,790
4,699
3,974
2,353
3,649
3,184
3,035
20,894
Change in fund balance
(6,513)
1,185
(3,025)
(2,174)
(186)
(2,217)
(3,275)
(2,619)
(1,327)
(11,797)
Beginning fund balance
21,439
14,926
15,011
15,355
13,181
12,996
10,778
7,504
4,885
15,355
Ending Fund Balance
$ 14,926
$ 16,111
$ 11,986
$ 13,181
$ 12,996
$ 10,778
$ 7,504
$ 4,885
$ 3,558
$ 3,558
Reserve fund balance
$
1,460
$ 5,763
$ 5,279
$ 5,702
$ 5,704
$ 5,704
$ 5,745
$ 5,906
8
6,074
$ 6,074
TOTAL FUND BALANCE
$
16,386
$ 21,874
$ 17,264
$ 18,883
$ 18,699
$ 16,482
$ 13,248
$ 10,791
8
9,632
$ 9,632
General fund reserve policy met?
Contingency reserve policy met?
YES
YES
YES
YES
NO
YES
Sales and Use Taxes - includes retail sales and use tax, natural gas use tax and criminal justice sales tax
Gambling and other taxes - includes gambling tax, admission tax and leasehold excise tax
Licenses & permits - includes business licenses, residential rental licenses, building and other permits
Intergovernmental - includes streamlined sales tax mitigation, grants, state shared revenues and entitlements
Dedicated Revenues (Capital) - includes REET, parking tax, motor vehicle tax, investment income earned in the capital funds
One -time revenue - 2013 $8.5M LID proceeds, $1M MPD loan bond proceeds; 2014 $4.3M Tukwila Village land sale; 2015 $2.2M Tukwila Village
land sale and $200K surplus property sale; 2016 $2.07M Tukwila Village land sale and $1.6M sale of utility storage land.
42
2015 - 2016 Biennial Budget
City of Tukwila, Washington
The Operating and Maintenance costs listed on Attachment A represent the departmental expenditures
of the general fund and are detail in Attachment B below. The salary and benefits charged to the
capital project funds are included as Admin & Engineering expenditures on line 20 of Attachment A.
The project specific expenditures are netted with the project specific revenues such as grants and bond
proceeds and the net use or (source) of resources is listed for each capital project fund.
CITY OF TUKWILA
ATTACHMENT B - GENERAL FUND OPERATING EXPENDITURES
2015 -2020 Analysis in 000's
GENERAL FUND -
ACTUAL
ADOPTED
BUDGET
PROPOSED BUDGET
PROJECTIONS
Totals
2015 -
2020
Operating Expenditures
2012
2013
2014
2015
2016
2017
2018
2019
2020
City Council
$ 251
$ 280
$ 336
$ 339
$ 350
$ 359
$ 368
$ 377
$ 386
$ 2,179
Mayor, Boards
2,486
2,736
3,059
3,908
3,896
3,993
4,093
4,195
4,300
24,386
Human Resources
515
602
694
656
673
690
707
725
743
4,195
Finance
2,084
2,255
2,294
2,477
2,555
2,619
2,684
2,751
2,820
15,907
City Attorney
595
679
662
778
778
798
818
838
859
4,870
Parks and Recreation
3,346
3,608
3,807
4,058
4,194
4,299
4,407
4,517
4,630
26,104
Community Development
2,861
3,182
3,109
3,062
3,116
3,194
3,274
3,356
3,440
19,443
Municipal Court
1,018
1,093
1,097
1,128
1,164
1,193
1,223
1,253
1,284
7,245
Police
14,020
14,725
15,587
16,351
16,780
17,199
17,629
18,070
18,522
104,552
Fire
10,476
10,709
10,522
10,957
11,019
11,295
11,577
11,867
12,163
68,879
Information Technology
1,106
1,245
1,363
1,162
1,192
1,222
1,252
1,283
1,315
7,426
Public Works /Streets
5,878
6,207
6,589
6,693
6,890
7,062
7,239
7,420
7,605
42,909
Total Operating Expenditu
$ 44,636
$ 47,321
$ 49,119
$ 51,569
$ 52,608
$ 53,923
$ 55,271
$ 56,653
$ 58,069
$ 328,093
BY TYPE
Salaries & Wages
25,356
26,578
27,412
27,371
28,017
28,717
29,435
30,171
30,925
174,637
Personel Benefits
7,827
7,866
8,195
9,509
9,998
10,248
10,504
10,767
11,036
62,062
Supplies
1,096
1,324
1,320
1,414
1,276
1,308
1,340
1,374
1,408
8,119
Other Services & Charges
8,161
9,239
9,744
10,817
10,733
11,001
11,276
11,558
11,847
67,232
Intergovt. Services & Taxe
1,924
2,064
2,233
2,448
2,575
2,639
2,705
2,773
2,842
15,981
Capital Outlays
274
271
215
10
10
10
11
11
11
63
Total Operating Expenditu
$ 44,636
$ 47,321
$ 49,119
$ 51,569
$ 52,608
$ 53,923
$ 55,271
$ 56,653
$ 58,069
$ 328,093
Projection Factors:
Salaries & Wages
Personel Benefits
Supplies
Professional services & other charges
Intergovt. Services & Taxes
Capital Outlays
2017
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2018
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2019
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
2020
2.5%
2.5%
2.5%
2.5%
2.5%
2.5%
43
2015 - 2016 Biennial Budget
City of Tukwila, Washington
Debt Service 2015 -2020
Debt service for existing debt, planned debt and proposed debt follows.
DEBT SERVICE
BUDGET
PROJECTIONS
TOTAL
2015 -2020
Use of Debt Proceeds
2013
2014
2015
2016
2017
2018
2019
2020
EXISTING DEBT:
LTGO 2003
Golf course club house
$ 715
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Early payoff
2,665
LTGO 2003
Community center and Fire station
491
488
-
-
-
-
-
-
-
Refunding
#53
TCC
392
391
-
-
-
Fire Station #53
98
98
-
-
-
LTGO 2008
City Hall Annex, 6300 bldg, and
737
812
811
811
809
809
811
-
4,051
Refunding
Urban revitalization - Tukwila
Village
City Hall Annex, 6300 bldg
332
365
365
365
364
364
365
-
1,823
Tukwila Village
405
447
446
446
445
445
446
-
2,228
SCORE 2009
South County Corretional Entity,
SCORE Jail facility
431
431
-
428
427
428
428
428
2,139
Scheduled debt service
430
430
Estimated contribution by SCORE
(430)
-
-
-
-
-
(430)
LTGO 2010
Southcenter Parkway Extension,
emergency management
518
521
524
524
519
513
505
496
3,080
Southcenter Pkwy Extension
380
382
384
384
381
376
370
364
2,259
Emergency Management
138
139
140
140
138
137
135
132
821
Valley Com 2010
Refunding
Valley Communications Center
operating facility
241
229
229
-
-
-
-
-
229
LTGO 2011
Arterial street portion of 2003 bond -
168
548
546
549
552
549
549
545
3,290
Refunding
South Park bridge transaction
LTGO 2012
Tukwila Metropolitan Park District
113
113
113
113
113
113
113
113
679
Existing debt
$ 6,079
$ 3,142
$ 2,223
$ 2,424
$ 2,420
$ 2,412
$ 2,406
$ 1,582
$ 13,468
PLANNED DEBT:
LTGO 2014
11B Redevelopment $ 3,850
313
313
287
287
287
287
1,774
2015 Credit line
TIB Redevelopment 2,250
LTGO 2015
Interurban Ave South 3,100
124
248
248
248
248
248
1,364
Boeing Access Road bridge 2,500
100
200
200
200
200
200
1,100
Planned debt
$11,700
$ -
$ -
$ 537
$ 761
$ 735
$ 735
$ 735
$ 735
$ 4,238
PROPOSED DEBT:
LTGO 2016
42nd $ 4,400
117
352
352
352
352
1,525
53rd
-
-
-
-
-
-
Proposed debt
$ 4,400
$ -
$ -
$ -
$ 117
$ 352
$ 352
$ 352
$ 352
$ 1,525
TOTAL Estimate /
Projections
$ 6,079
$ 3,142
$ 2,760
$3,303
$ 3,507
$ 3,499
$ 3,493
$ 2,669
$ 19,231
44
2015 - 2016 Biennial Budget
City of Tukwila, Washington
A summary of fund balances for the funds included in the Attachment A Financial Planning Model
follows:
FUNDS INCLUDED IN
ATTACHMENT A
ACTUAL
2011
Ending Fund Balance - in Thous $
ACTUAL ACTUAL BUDGET BUDGET
2012 2013 2014 2015
BUDGET
2016
000
General Fund
$ 5,912
$ 6,026
$ 9,580
$ 6,486
$ 9,703
9,527
2 **
Debt Service
3,317
3,012
8
412
5
5
103
Residential Street
904
1,047
1,416
813
57
391
104
Arterial Street
6,929
483
1,096
843
344
148
301
Land, Park Acquisition
1,428
1,090
1,220
723
318
337
302
Facilities
2,027
2,006
1,903
1,411
1,874
1,787
303
General government
609
914
452
959
380
250
304
Fire facilities
314
348
437
340
500
550
$ 21,439
$ 14,926
$ 16,112
$ 11,987
$ 13,181
$ 12,996
105
Contingency Reserve
1,458
1,460
5,763
5,279
5,702
5,702
Total
$ 22,897
$ 16,387
$ 21,875
$ 17,265
$ 18,883
$ 18,697
45
2015 - 2016 Biennial Budget
City of Tukwila, Washington
This page intentionally left blank
46