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HomeMy WebLinkAboutFS 2016-04-05 Item 2D - Budget - 2017-2018 Biennial Budget ScheduleTO: City of Tukwila INFORMATIONAL MEMORANDUM Mayor Ekberg Finance & Safety Committee FROM: Peggy McCarthy, Finance Director DATE: March 30, 2016 SUBJECT: Proposed 2017 -2018 Biennial Budget Schedule Allan Ekberg, Mayor ISSUE Discuss the process and timeline for review and adoption of the 2017 -2018 Biennial Budget and Capital Improvement Plan. BACKGROUND The proposed plan incorporates three phases for budget development, review and approval. Review will be conducted within the Council Committees and by the full Council through workshops and the Committee of the Whole Council meetings. The three proposed budget phases are: 1.Enterprise Funds, operating budget and capital improvement program -- a. F401 Water b. F402 Sewer c. F412 Surface Water d. F411 Golf course 2.Capital Project Funds, operating budget and capital improvement program — a. F103 Residential Street b. F104 Arterial Street c. F312 new Facilities Fund d. F302 Urban Renewal (rename existing Facilities Fund) e. F303 General Government f. F301 Land & Park Acquisition and Development 3.General Fund, Internal Service Funds, Other Funds, Financial Planning Model Attachment A a. General fund revenue b. General fund departmental expenditures c. Internal Service Funds — i. F501 Fleet, ii. F502 Healthcare iii. F503 Employees, Healthcare Retirees d. Other Funds — i. F101 Hotel /Motel Tax ii. F105 Contingency iii. F109 Drug Seizure iv. F611 Fireman Pension e. Financial Planning Model Attachment A DISCUSSION A timeline for review and approval of the three budgeting phases is attached to this memorandum. Additionally, at least in the preliminary stages, the budget will reflect the Facilities Plan as having been adopted and the bonds as having been approved by voters. RECOMMENDATION Information only. ATTACHMENT 2017 -2018 Proposed Biennial Budget Schedule 39 40 2017 -2018 Proposed Biennial Budget Schedule - as of 4 -5 -16 Budget Process By Month Council Committees Full Council Finance & Safety Trans- portation CAP Utilities Work -shop REG Mfg MARCH Priorities Joint Council /Staff Workshop discussion X APRIL Budget Review and approve schedule X Outreach Staff Citywide Priorities Review and approve X MAY Priorities Review and approve X Financial 2015 Annual Citywide Reporting 2016 1st Quarter Citywide X Financial 2016 1St Quarter — Police & Reporting Fire X Outreach Community JUNE Enterprise Review operating budgets and Funds capital improvement plans Golf Water Sewer Surf Wtr JULY Enterprise Approve operating budgets Funds and capital improvement plans X Capital Review operating budget and Project capital improvement plans Funds Gen Govt, Facilities, Urban Renewal Resid'I Str Arterial Str Park & Land Acq AUGUST Capital Review operating budgets and Project capital improvement plans Funds X X Financial 2016 2nd Quarter — Police & Reporting Fire X Financial 2016 2nd Quarter Citywide Reporting SEPTEMBER Proposed Mayor's proposed 2017 -2018 Budget Biennial Budget presented General Review of department budgets Fund & and other budget elements Other X X X X OCTOBER General Review of department budgets Fund & and other budget elements Other X X X X X NOVEMBER Financial 2016 3rd Quarter — Police & Reporting Fire X Financial 2016 3rd Quarter Citywide Reporting Biennial Adoption of 2017 -2018 Budget Biennial Budget Capital Adoption of Financial Planning Improve- Model and Capital ment Plan Improvement Plan 41