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HomeMy WebLinkAboutCOW 2014-11-10 Item 4B.2-3 - Public Hearing - 2015-2016 Biennial Budget / 2015-2020 Capital Improvement Plan LegislationCOUNCIL AGENDA SYNOPSIS Meeting Dale Prepared by illayorc review Council review 11/10/14 PMC _- [Z] Resolution A Jig Date 11/17/14 11/17/14 PMC [E] Public Hearing Al4g Dale 11/10/14 E Other Mg Dale C,\TI,(;( )RY Discwssion Alt Dale Si'( SPONSOR Council Mayor HR DC]) V/ nance E 1-; ire —_. IT P&R _ Pc/ice [2] PW SPONSOR'S City Council is being asked to approve an ordinance adopting the 2015-2016 biennial SUMMARY budget and a resolution adopting the 2015-2020 Capital Improvement Plan. These items are scheduled for Council consideration at the 11/10/14 Committee of the Whole and 11/17/14 Regular Council meeting. REvilW1,;1) BY — COW Mtg. CA&P Cmtc [2] 1-'66 Cmte [1] Transportation Cmte Utilities Cmtc E Arts Comm. r Parks Comm. 0 Planning Comm. DATE: 11/04/14 COMMITTEE CHAIR: SEAL RECOMMENDATIONS: spoNsuit/ADmiN. CommITTITI Finance/Public Works Unanimous Approval: Forward to C.O.W. 11/10 and Regular 11/17 ITEM INFORMATION ITEM No. 4B.2-3 & 5B.2-3 31 STAFF SPONSOR: PEGGY MCCARTHY ORMINAl. AGENDA DATE: 11/10/14 AC; 11\11), \ MNI TITLF, An Ordinance adopting the 2015-2016 biennial budget, and a resolution adopting the 2015-2020 Capital Improvement Plan. 11/10/14 r Motion A llg Dale [Z] Resolution A Jig Date 11/17/14 IZ] Ordinance Mtg Dale 11/17/14 Bid Award A4g Dale [E] Public Hearing Al4g Dale 11/10/14 E Other Mg Dale C,\TI,(;( )RY Discwssion Alt Dale Si'( SPONSOR Council Mayor HR DC]) V/ nance E 1-; ire —_. IT P&R _ Pc/ice [2] PW SPONSOR'S City Council is being asked to approve an ordinance adopting the 2015-2016 biennial SUMMARY budget and a resolution adopting the 2015-2020 Capital Improvement Plan. These items are scheduled for Council consideration at the 11/10/14 Committee of the Whole and 11/17/14 Regular Council meeting. REvilW1,;1) BY — COW Mtg. CA&P Cmtc [2] 1-'66 Cmte [1] Transportation Cmte Utilities Cmtc E Arts Comm. r Parks Comm. 0 Planning Comm. DATE: 11/04/14 COMMITTEE CHAIR: SEAL RECOMMENDATIONS: spoNsuit/ADmiN. CommITTITI Finance/Public Works Unanimous Approval: Forward to C.O.W. 11/10 and Regular 11/17 COST IMPACT / FUND SOURCE Exp,NDITuRF: RP;QUIREI) AMOUNT BUDGETED APPROPRIATION REQUIRED $299,455,437 $ $299,455,437 Fund Source: MISCELLANEOUS FINDING SOURCES, SEE DETAIL. Comments: MTG. DATE RECORD OF COUNCIL ACTION 11/10/14 MTG. DATE ATTACHMENTS 11/10/14 Informational Memorandum dated 10/29/14 Draft Ordinance Draft Resolution Reconciliation of 2015-2016 Budget Summary to Ordinance Minutes from the Finance and Safety Committee meeting 11/04/14 11/17/14 31 32 TO: City of Tukwila Jim Haggerton, Mayor INFORMATIONAL MEMORANDUM Mayor Haggerton Finance and Safety Committee FROM: Peggy McCarthy, Finance Director BY: Vicky Carlsen, Deputy Finance Director DATE: October 29, 2014 SUBJECT: 2015-2016 Biennial Budget Ordinance 2015-2020 Financial Planning Model and Capital Improvement Program ISSUE Adopt the 2015-2016 biennial budget and 2015-2020 Capital Improvement Plan (CIP) by the end of December. This typically happens at the first Regular meeting in December. BACKGROUND The proposed budget for 2015-2016 and draft 2015-2020 CIP were presented to Council on October 6, 2014. Council held budget workshops on October 13, 20, 27, and 30, 2014, to discuss both the budget and CIP. DISCUSSION The preliminary 2015-2016 biennial budget reflects the priorities adopted by Council in June of 2014. Six priorities were identified, that align with the Strategic Plan, and have been incorporated into the preliminary budget. At the conclusion of the budget workshops, no changes to the budget, as presented, were requested. At this time, the preliminary 2015-2016 biennial budget is being presented to Finance & Safety Committee for final review and discussion. RECOMMENDATION The Finance and Safety Committee is being asked to approve the 2015-2016 biennial budget ordinance and the 2015-2020 Financial Planning Model and Capital Improvement Plan resolution and forward to the Committee of the Whole. This item is scheduled for the November 10, 2014 Committee of the Whole, and December 1, 2014 Regular Council Meeting. ATTACHMENTS Draft Budget Ordinance Reconciliation of 2015-2016 Budget Summary to Ordinance Draft CIP Resolution 33 34 RAFT AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ADOPTING THE BIENNIAL BUDGET OF THE CITY OF TUKWILA FOR THE 2015 -2016 BIENNIUM; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the preliminary budget of the City of Tukwila for the 2015 -2016 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 10, 2014; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. The City Council hereby adopts the document entitled "City of Tukwila 2015 -2016 Budget," incorporated by this reference as if fully set forth herein, in accordance with RCW 35A.34.120. Section 2. The totals of the estimated revenues and appropriations for each separate fund and the aggregate totals are as follows: W Word Processing \Ordinances\Adopt 2015 -2016 Biennial Budget 10 -28 -14 VC:bjs Page 1 of 3 35 Total Total Fund Expenditures Revenues 000 General $125,817,778 $125,817,778 105 Contingency 5,703,632 5,703,632 101 Hotel /Motel 2,597,316 2,597,316 103 City Street 11,081,721 11,081,721 104 Arterial Street 35,906,080 35,906,080 109 Drug Seizure Fund 180,000 180,000 200 LTGO Bonds 1,415,333 1,415,333 211 Limited Tax G O. Refunding Bonds, 2008 1,623,400 1,623,400 212 Limited Tax G O. Bonds, 2009A 866,315 866,315 214 Limited Tax G O. Bonds, 2010A 1,172,100 1,172,100 216 Limited Tax G.O Refunding Bonds, ValleyComm 229,800 229,800 217 2011 Refunding Bonds 1,095,500 1,095,500 218 2014 Facility 226,260 226,260 206 LID Guaranty 669,000 669,000 233 2013 LID 2,400,813 2,400,813 301 Land Acquisition, Recreation & Park Devl 3,902,000 3,902,000 302 Facility Replacement 10,582,204 10,582,204 303 General Government Improvements 901,000 901,000 304 Fire Improvements 550,200 550,200 401 Water 18,422,000 18,422,000 402 Sewer 19,986,000 19,986,000 411 Foster Golf Course 4,181,494 4,181,494 412 Surface Water 20,429,000 20,429,000 501 Equipment Rental 11,567,136 11,567,136 502 Insurance Fund 14,280,958 14,280,958 503 Insurance — LEOFF 1 Fund 1,772,191 1,772,191 611 Firemen's Pension 1,617,300 1,617,300 Total All Funds Combined $299,176,531 $299,176,531 Section 3. A complete copy of the final budget for 2015 -2016, 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. W. Word Processing \OrdinancesWdopt 2015 -2016 Biennial Budget 10 -28 -14 VC:bjs 36 Page 2 of 3 Section 4. Corrections by City Clerk or Code Reviser. Upon approval of the City Attorney, the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section /subsection numbering. Section 5. 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 6. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force 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 , 2014. ATTEST /AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk APPROVED AS TO FORM BY: Rachel Turpin, City Attorney Jim Haggerton, Mayor Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: W- Word Processing \Ordinances\Adopt 2015 -2016 Biennial Budget 10 -28 -14 VC:bjs Page 3 of 3 37 Reconciliation of 2015 -2016 Budget Summary to Ordinance EXPENDITURES 2015 Expenditures 2016 Expenditures 2016 Ending Fund Balance Total Expenditures 000 General $ 56,528,833 $ 59,761,699 $ 9,527,247 $ 125,817,778 101 Hotel /Motel 1,577,642 427,500 592,174 2,597,316 103 City Street 1,868,000 8,823,000 390,721 11,081,721 104 Arterial Street 21,557,511 14,200,217 148,353 35,906,080 105 Contingency - - 5,703,632 5,703,632 109 Drug Seizure Fund 55,000 45,000 80,000 180,000 200 LTGO Bonds 537,000 878,333 - 1,415,333 211 Limited Tax G.O. Refunding Bonds, 2008 811,300 811,100 1,000 1,623,400 212 Limited Tax G.O. Bonds, 2009A 437,355 427,960 1,000 866,315 214 Limited Tax G.O. Bonds, 2010A 585,649 585,451 1,000 1,172,100 216 Limited Tax G.O. Refunding Bonds, ValleyComm 228,800 - 1,000 229,800 217 2011 Refunding Bonds 545,825 548,675 1,000 1,095,500 218 2014 Facility 113,130 113,130 - 226,260 206 LID Guaranty - - 669,000 669,000 233 2013 LID 794,284 736,005 870,524 2,400,813 301 Land Acquisition, Recreation & Park Devl. 3,273,000 292,000 337,000 3,902,000 302 Facility Replacement 4,380,000 4,415,000 1,787,204 10,582,204 303 General Government Improvements 320,550 330,641 249,809 901,000 304 Fire Improvements - - 550,200 550,200 401 Water 7,448,185 8,298,949 2,674,866 18,422,000 402 Sewer 8,636,400 9,796,006 1,553,594 19,986,000 411 Foster Golf Course 1,768,017 1,812,394 601,083 4,181,494 412 Surface Water 11,070,311 6,591,228 2,767,461 20,429,000 501 Equipment Rental 3,555,343 2,409,952 5,601,841 11,567,136 502 Insurance Fund 6,342,002 6,344,241 1,594,715 14,280,958 503 Insurance - LEOFF 1 Fund 948,819 617,391 205,981 1,772,191 611 Firemen's Pension 132,727 132,727 1,351,846 1,617,300 Total $ 133,515,682 $ 128,398,599 $ 37,262,250 $ 299,176,531 REVENUES 2015 Beginning Fund Balance 2015 Revenues 2016 Revenues Total Revenues 000 General $ 9,500,000 $ 56,731,999 $ 59,585,779 $ 125,817,778 101 Hotel /Motel 500,000 1,467,316 630,000 2,597,316 103 City Street 1,400,000 524,842 9,156,878 11,081,721 104 Arterial Street 600,000 21,302,000 14,004,080 35,906,080 105 Contingency 5,700,000 1,816 1,816 5,703,632 109 Drug Seizure Fund 60,000 60,000 60,000 180,000 200 LTGO Bonds - 537,000 878,333 1,415,333 211 Limited Tax G.O. Refunding Bonds, 2008 1,000 811,300 811,100 1,623,400 212 Limited Tax G.O. Bonds, 2009A 1,000 437,355 427,960 866,315 214 Limited Tax G.O. Bonds, 2010A 1,000 585,649 585,451 1,172,100 216 Limited Tax G.O. Refunding Bonds, ValleyComm 1,000 228,800 - 229,800 217 2011 Refunding Bonds 1,000 545,825 548,675 1,095,500 218 2014 Facility - 113,130 113,130 226,260 206 LID Guaranty 668,000 500 500 669,000 233 2013 LID 805,000 810,140 785,673 2,400,813 301 Land Acquisition, Recreation & Park Devl. 1,100,000 2,491,000 311,000 3,902,000 302 Facility Replacement 1,800,000 4,453,602 4,328,602 10,582,204 303 General Government Improvements 500,000 200,500 200,500 901,000 304 Fire Improvements 450,000 50,100 50,100 550,200 401 Water 6,500,000 5,829,000 6,093,000 18,422,000 402 Sewer 3,400,000 8,262,000 8,324,000 19,986,000 411 Foster Golf Course 600,000 1,769,747 1,811,747 4,181,494 412 Surface Water 2,200,000 11,261,000 6,968,000 20,429,000 501 Equipment Rental 4,500,000 3,613,043 3,454,093 11,567,136 502 Insurance Fund 3,500,000 5,186,929 5,594,029 14,280,958 503 Insurance - LEOFF 1 Fund 500,000 703,851 568,340 1,772,191 611 Firemen's Pension 1,500,000 58,650 58,650 1,617,300 Total $ 45,788,000 $ 128,037,095 $ 125,351,436 $ 299,176,531 38 RAFT A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ADOPTING THE 2015- 2020 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 of 2015- 2020 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 2015 -2020 Financial Planning Model and accompanying Capital Improvement Program, incorporated by this reference as if fully set forth herein. Section 2. A copy of the 2015 -2020 Financial Planning Model and accompanying Capital Improvement Program shall be kept on file in the City Clerk's Office. Section 3. The assumptions, revenues and expenditures will be reviewed and updated biennially, 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 2015 -2020. W. \Word Processing \Resolutions \Financial Planning Model & CIP 10 -23 -14 VC:bjs Page 1 of 2 39 PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of , 2014. ATTEST /AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk De'Sean Quinn, Council President APPROVED AS TO FORM BY: Rachel Turpin, City Attorney Filed with the City Clerk: Passed by the City Council: Resolution Number: W \Word Processing \Resolutions \Financial Planning Model & CIP 10 -23 -14 VC:bjs Page 2 of 2 40 Finance & Safety Committee Minutes November 4, 2014 - Page 2 C. Resolution: Streamlined Sales Tax Mitigation Staff is seeking Council approval of a resolution urging Governor Ins lee and the Washington State Legislature to preserve full streamlined sales tax mitigation in the 2015-2017 budget. Councilmember Hougardy mentioned that she would be speaking on this topic before legislators at a forthcoming joint legislative meeting of Soundside Alliance and High line Forum. UNANIMOUS APPROVAL. FORWARD TO NOVEMBER 17, 2014 REGULAR CONSENT AGENDA. D. Ordinances: Property Tax Levy Staff is seeking Council approval of two ordinances: one that would increase the City's Regular Property Tax Levy from 2014, and one that would levy General Taxes. These ordinances are presented to the Council on an annual basis. According to the King County Assessor, the projected assessed value for Tukwila is $5,017,106,101.00. The allowable levy projected by King County is $14,293,219.00, representing the maximum 1% increase allowed by law. This is subject to change until the final rate is determined by the County. A levy amount of $14,600,000.00 is proposed in the draft ordinance and may be adjusted based on that determination. A public hearing is scheduled for November 10, 2014. UNANIMOUS APPROVAL. FORWARD TO NOVEMBER 10, 2014 COMMITTEE OF THE WHOLE FOR PUBLIC HEARING AND DISCUSSION. E. Budget Legislation * 1) Staff is seeking Council approval of an ordinance to amend the 2013-2014 Biennial Budget. Staff provided an overview of the proposed changes, including new proposals for software and technology, annual funding for the LEOFF1 Retiree Healthcare Plan, unreimbursed firefighter Oso deployment, previous Council approvals, retail sales tax revenue, revenue backed expenditures, and budget transfers across departments. A public hearing is scheduled for November 10, 2014. 2) Staff is seeking Council approval of a resolution to adopt the 2015-2020 Financial Planning Model and Capital Improvement Program (CIP). 3) Staff is seeking Council approval of a resolution to adopt the 2015-2016 Biennial Budget. Council review of the Capital Improvement Program and proposed Biennial Budget occurred during the October 13, 2014 Committee of the Whole and three subsequent work sessions. UNANIMOUS APPROVAL. FORWARD TO NOVEMBER 10, 2014 COMMITTEE OF THE WHOLE FOR PUBLIC HEARING AND DISCUSSION. F. Inter local Agreement: Animal Services Staff is seeking Council approval for the Mayor to sign a non-binding Indication of Interest to extend the current Regional Animal Services interlocal agreement for two years, ending December 31, 2017. This agreement covers animal services for unincorporated King County and 25 contract cities, and the current term ends December 31, 2015. All contract cities must support the extension for it to take effect, or a new contract must be negotiated. If the extension is approved, a new contract will be negotiated following December 31, 2017. UNANIMOUS APPROVAL. FORWARD TO NOVEMBER 10, 2014 COMMITTEE OF THE WHOLE. 41