HomeMy WebLinkAboutFS 2016-07-06 COMPLETE AGENDA PACKET +� City of Tukwila Distribution:
V.Seal P. McCarthy
D. Robertson C.O'Flaherty
Finance and Safety K. Kruller R.Turpin
Committee K. dy L. Humphrey
McLeod� T. McLeod J.Todd
i
Mayor Ekberg V.Carlsen
O Verna Seal, Chair D.Cline
O Dennis Robertson
O Kate Kruller
AGENDA
WEDNESDAY,JULY 6, 2016— 5:30 PM
HAZELNUT CONFERENCE ROOM
(formerly known as CR #3)at east entrance of City Hall
Item Recommended Action Page
1. PRESENTATION(S)
2. BUSINESS AGENDA
a. Funding for technology support for Police records a. Forward to 7/11 C.O.W. Pg.1
system. and 7/18 Regular Mtg.
Joseph Todd, Technology Services Director
b. 2016 1st Quarter miscellaneous revenue report. b. Information only. Pg.5
Vicky Car/sen, Deputy Finance Director
c. 2016 1st Quarter Investment Report. c. Information only. Pg.13
Vicky Car/sen, Deputy Finance Director
d. Proposed budget schedule. d. Committee discussion. Pg.21
Vicky Car/sen, Deputy Finance Director
3. ANNOUNCEMENTS
4. MISCELLANEOUS
Public Safety Plan — Next steps Committee discussion.
Next Scheduled Meeting: Tuesday, Ju/y 19, 2016
The City of Tukwila strives to accommodate individuals with disabilities.
Please contact the City Clerk's Office at 206-433-1800 (TukwilaCityClerk@TukwilaVUP ®ov) for assistance.
City of Tukwila
Allan Ekberg, Mayor
INFORMATIONAL MEMORANDUM
TO: Finance and Safety Committee
FROM: Joseph Todd, Director of Technology Services
BY: Michael Marcum, Senior Technology Services Specialist
CC: Mayor Ekberg
DATE: 06115/2016
SUBJECT: New FTE position, Technology Services Systems Administrator
ISSUE
Consideration of funding to increase the half-time position to full-time (FTE).
BACKGROUND
A half-time position was approved in December 2015 to support the Police Department in the
implementation and support of the new Spillman Records Management System.
DISCUSSION
Technology Services, in conjunction, with the Police Department has conducted two separate
rounds of interviews to fill the half-time position without finding a desirable candidate. It can be
difficult to secure qualified staff support for part-time positions. Approval for a full-time position
is critical in securing staff to support this vital system, as well as, other statement of work critical
the mission of the Police Department.
The Council is being asked to consider the following:
• Upgrade from half to full-time position
The half-time position was created through council's approval of the Police Records
Management System on 12/7/15, see attached meeting minutes.
• Move position from Police Department to Technology Services
• Re-allocate half-time Police funding to start next calendar year
Position funding will be provided by the Police Department through the remainder of the year,
with future budgeting done through the biennial budget process.
FINANCIAL IMPACT
$113,550— $131,799 annually, including benefits.
RECOMMENDATION
The Council is being asked to consider this item at the July 11, 2016 Committee of the Whole
meeting and subsequent July 18, 2016 Regular meeting.
ATTACHMENTS
Page 6 of the Regular City Council Meeting Minutes from December 7, 2015.
1
2
Tukwila City Council Regular Meeting Minutes
December 7, 2015 Page 6 of 9
the City has a good bid price for the demolition and does not want to risk letting that bid expire such that
the demolition cost would probably be higher in the future.
This additional cost risk came to light last week when City staff inspected the building with 4Culture and
Tukwila's Building Official and Fire Marshal. At that time there was a better understanding of the damage
to the building from the seizure, two years of sitting unoccupied, significant dry rot, damage to the fire
sprinkler system, and plumbing problems. Upon review, it was determined the repairs would likely be too
expensive. The recommendation is that the City include the Traveler's Choice in the demolition contract.
This will require a $150,000 expenditure from next year's budget.
Bob Giberson, Public Works Director, explained that Schedule A in the amount of$470,247.75 is for the
demolition of three motels (Great Bear, Boulevard, Spruce) and Sam Smoke Shop, and Schedule B in the
amount of$132,779.70 is for the demolition of Traveler's Choice for a total of$603,027.45.
(2) Award a bid to Construction Group International, LLC, for building demolition for the Tukwila
International Boulevard Redevelopment Project(demolition of the Boulevard, Great Bear, Spruce
and Traveler's Choice Motels and Sam Smoke Shop) in the amount of$603,027.45 (plus
contingency), and authorize the Mayor to sign the contract.
MOVED BY SEAL, SECONDED BY KRULLER TO AWARD A BID TO CONSTRUCTION GROUP
INTERNATIONAL, LLC, FOR BUILDING DEMOLITION FOR THE TUKWILA INTERNATIONAL
BOULEVARD REDEVELOPMENT PROJECT (DEMOLITION OF THE BOULEVARD, GREAT BEAR,
SPRUCE AND TRAVELER'S CHOICE MOTELS AND SAM SMOKE SHOP) IN THE AMOUNT OF
$603,027.45 (PLUS CONTINGENCY), AND AUTHORIZE THE MAYOR TO SIGN THE CONTRACT.
MOTION CARRIED 7-0.
d. Authorize the Mayor to sign the 2015 Community Oriented Policing Services (COPS) grant
agreement from the U.S. Department of Justice in the amount of$250,000.00.
MOVED BY HOUGARDY, SECONDED BY KRULLER TO AUTHORIZE THE MAYOR TO SIGN THE
2015 COMMUNITY ORIENTED POLICING SERVICES (COPS) GRANT AGREEMENT FROM THE U.S.
DEPARTMENT OF JUSTICE IN THE AMOUNT OF $250,000.00. MOTION CARRIED 7-0.
e. Authorize the Mayor to sign a purchase and license agreement with Spillman Technologies,
Inc.,for purchase and maintenance of the Sentryx product as the new Police Records
Management System and related support and services in an amount not to exceed $1,070,466.00
($350,000.00 of funding from the 2015-2016 biennial budget, and$720,466.00 allocated through a
budget amendment).
MOVED BY HOUGARDY, SECONDED BY SEAL TO AUTHORIZE THE MAYOR TO SIGN A
PURCHASE AND LICENSE AGREEMENT WITH SPILLMAN TECHNOLOGIES, INC., FOR
PURCHASE AND MAINTENANCE OF THE SENTRYX PRODUCT AS THE NEW POLICE RECORDS
MANAGEMENT SYSTEM AND RELATED SUPPORT AND SERVICES IN AN AMOUNT NOT TO
EXCEED$1,070,466.00. ($350,000.00 OF FUNDING FROM THE 2015-2016 BIENNIAL BUDGET, AND
$720,466.00 ALLOCATED THROUGH A BUDGET AMENDMENT).*
Based on questions by the Council, staff reiterated that a part-time person will be hired for a 12-18 month
period to help with the technology-related functions associated with the implementation of the new
system.
Trina Cook, Police Information Analyst, introduced Anthony Dorsey, Field Sales Executive from Spillman.
Mr. Dorsey stated that Spillman has been a private company for 30 years with customers in 42 states,
and Washington State has the most clients.
`MOTION CARRIED 7-0.
3
4
• Pw Of Tukwila Allan Ekberg, Mayor
' INFORMATIONAL MEMORANDUM
TO: Mayor Ekberg
Finance and Safety Committee
FROM: Peggy McCarthy, Finance Director
BY: Lily Jue, Fiscal Coordinator
DATE: July 6, 2016
SUBJECT: Sales Tax and Miscellaneous Revenue Report— 11,Quarter 2016
Schedule I-Sales Tax in$1,000's
2015 Actual 2016 Actual YOY Chang
' Other '
—Month— Other Total Other Total Construction Industries ! Total
Collect- Construci I Construct I I i
ed Recd Industries i 11ndustries Amount % Amount % Amount %
Jan Mar $ 851$ 1,1951 $ 1,280 $ 991$1,1901 1,1901 $ 1,269 $ 14 16-/.1 $ (5) 0%i $ 9 19`
Feb Apr 861 1,227 i 1,313 97 i 1,230 i 1,328 11 13%1 3 0%i 15 1%
Mar may 991' 1,3621- 1,461 1061 1,413' 1,519 6 6%' 51 4%' 58 49'
50,! :.1%-'$ , :82. .
Apr Jun 109; 1,210: 1,319 May Jul 91 1,453! 1,544 -
Jun Aug 141 ! 1,621 ! 1,762 ! ! -
Q•2 41626
Jul Sep 951 1,653 I 1,748
Aug Oct 1331 1,4631 1,596 -i i
Sep Nov 124' 1,448' 1,572
Q-3 Totals
Oct Dec 93; 1,414: 1,507 -
Nov Jan 98 1! 1,3701 1,468
Dec Feb 1 100! 1,992! 2,092 I ! 1 -
Q-4 Totals $ 291 ! 4,776! $ 5,067 $ - I I $ $ _
First quarter sales tax collections through March were $82K more than for the same quarter in
the previous year, resulting in a 2% increase. There was an increase in construction sales tax of
$31 K over the same quarter last year, or up by 12% as well as an increase in sales tax from
other industries of$50K which resulted in a rise of 1%.
5
INFORMATIONAL MEMO
Page 2
Budget to Actual- Sales Tax in $1,000's
Schedule l Sales Tax , y
.,
.�. *��,y,+,.�..•w�.�xrr., +..ay.�,. .,;&:,- "r�... .n. .. ..es-,+fix ,. .�„r s_m3r-:;.w_�".._-.,. .����r, �;.
2015 2016
CGier�
-Month-
Collect- Original 1m ed
ed Recd Actual Bu et Actual Amt %
A
Jan Mar $ 1,280 $ 1,162 $ 1,231 $ 1,289 58 5%
Feb Apr 1,313 $ 1,193 $ 1,263 1,328 65 5%
Mar May': 1,462 $ 1,328 $ 1,406 1,519 113 8%
..Q-1 Totals S ,F4,054 :S °3,683 ,$ $ 3;9� .$s" 4,136
Apr Jun 1,319 $ 1,198 $ 1,269 - -
May Jul 1,544 $ 1,403 $ 1,486 - - -
Jun Aug 1,762 $ 1,601 $ 1,695 - -
uQ-2 Totals
Jul Sep 1,748, $ 1,588 $ 1,681 - - -
Aug Oct 1,596 $ 1,450 $ 1,535 - - -
Sep Nov 1,572 $ 1,428 $ 1,513 - - -
_°Q-3 Totals
4P", 4,9i6 $ ,x 4;466 ,$:x.,4;729 $. $
Oct Dec 1,507 $ 1,369 $ 1,450'
Nov Jan 1,469 $ 1,334 $ 1,413 - - -
Dec Feb 2,092 $ 1,901 $ 2,012 - - -
4.4 Totals $ $ 49604 $ 4,875 ` $ -
''. Totals 664 ;$Fy16954 '" $' 17,954„ $. .4;"136'
Actual revenue from sales tax collections received through the first quarter exceeded amended
budget estimates by$236K or six percent.
6 WAFIN ProjectskSales Tax InformadorA2016Unfo Memo Sales Tax-2016-Q1 2016MEMO(June 2016).dm
INFORMATIONAL MEMO
Page 3
Below is a graph of sales tax collections by type of industry showing overall change between the
2014 and 2015,revenue receipts.
---.._- __... _-----__-___.
%Change YTD by Category*
$80,000
Miscellaneous, i
$62,392
$60,000
Retail Trade,
$42,931 Services,
Construction 4
$40,000
j 30,470
Manufacturing,
$16,715
$20,000
Warehousing,
$2.233
$(20,000)
I
Automotive, j
C ($15,712)
?j $(40,000) -�--°---- ,
$(601000)
t P
$(80,000) i
S
� E
WholesaleTrade £
$(100,000) 4-- 1$92,444►
i
' I
$(120,000) ,,,
1.
The overall Construction increase shown above is primarily due to the Contractors NAICS
category 238 by $53K, or 82.6% over the same quarter last year. Increase in Manufacturing is
partially due to the Transportation Equipment Manufacturing category, which shows an increase
in gross sales activity.
The overall significant decrease in the "Wholesale Trade" category is attributable to the NAICS
category 423, "Wholesale Trade in Durable Goods". The increase in the "Retail Trade" group is
due to increased sales activity in the categories of Electronics & Appliances of $31K, Building
Material & Garden of$9K and Miscellaneous Store Retailers of$13K.
Of the $34K rise in the "Services" industry, there were combined increases totaling $82K in the
categories of: Finance & Insurance, Real Estate/Rental/Leasing and Accommodation & Food
Services.
The miscellaneous category includes activities from agriculture, forestry, fishing and
mining/utilities with "Unclassifiable Establishments" showing the most increase of$62K.
WARN PmjectsNSales Tax Information12016fto Memo Sales Tax-2016-01 2016MEMO(June 2016).docx 7
INFORMATIONAL MEMO
Page 4
Schedule II shows the year-to-date sales tax from the top ten industry classifications.
Electronics and Appliances in the NAICS 443 category has the highest year over year increase
at $31,313 due to growth in overall gross sales. This is followed by an increase of $19,999 in
the category of Rental and Leasing Services as well as an increase of $17,424 in the category
of Food Services & Drinking Places. These are also attributable to an overall increase in
reported gross revenues for the current period.
Schedule II
YTD YTD Dollar %
Group Name Current Prior Diff. Diff.
452 General Merchandise Stores $ 471,522.68 $ 470,525.20 $ 997 0.21%
448 Clothing and Accessories $ 431,074.59 $ 439,479.29 $ (8,405) -1.91%
722 Food Services, Drinking Places $ 421,169.83 $ 403,746.18 $ 17,424 4.32%
423 Wholesale Trade, Durable Goods $ 273,237.48 $ 362,211.70 $ (88,974) -24.56%
443 Electronics and Appliances $ 262,840.76 $ 231,527.32 $ 31,313 13.52%
236 Construction of Buildings $ 171,418.22 $ 187,202.65 $ (15,784) -8.439/9
453 Miscellaneous Store Retailers $ 163,244.57 $ 149,981.18 $ 13,263 8.84%
532 Rental and Leasing Services $ 158,500.90 $ 138,501.99 $ 19,999 14.44%
517 Telecommunications $ 154,357.54 $ 183,363.52 $ (29,006) -15.82%
441 Motor Vehicle and Parts Dealer $ 153,815.64 $ 169,722.47 $ (15,907) -9.37%
Schedule III shows the ten largest declines in sales tax revenue for industries with over$10,000
collected year-to-date: While the NAICS category for Wholesale Trade & Durable Goods
experienced a current quarter decrease in sales tax collections of $89K, the NAICS category
511 for Publishing Industries had a 54.23%decrease in sales activity over the previous year.
Schedule III
YTD YTD Dollar %
Group Name Current Prior Diff. Diff.
423 Wholesale Trade, Durable Goods $ 273,237.48 $ 362,211.70 $ (88,974) -24.56%
517 Telecommunications $ 154,357.54 $ 183,363.52 $ (29,006) -15.82%
441 Motor Vehicle and Parts Dealer $ 153,815.64 $ 169,722.47 $ (15,907) -9.370/6
236 Construction of Buildings $ 171,418.22 $ 187,202.65 $ (15,784) -8.43%
541 Professional, Scientific, Tech $ 108,761.52 $ 123,615.23 $ (14,854) -12.02%
511 Publishing Industries $ 11,181.03 $ 24,429.59 $ (13,249) -54.23%
454 Nonstore Retailers $ 41,697.44 $ 52,023.56 $ (10,326) -19.85%
448 Clothing and Accessories $ 431,074.59 $ 439,479.29 $ (8,405) -1.91%
237 Heavy and Civil Construction $ 12,535.36 < $ 19,599.51 $ (7,064) -36.040/.
561 Administrative and Support Svc $ 28,215.81 $ 32,467.47 $ (4,252) -13.10%
8 WARN Projects\Sales Tax Information12016Unfo Memo Sales Tax-2016-Q1 2016MEMO(June 2016).docx
INFORMATIONAL MEMO
Page 5
The following charts show sales tax receipts the City collected from major industries between
2010 through the current year. These categories include retail, services, wholesale,
construction, and other consisting of manufacturing, transportation & warehousing, automotive,
and miscellaneous.
Retail Services
$2,60,000 °T� ---- $1,600,000
�_
$2,500,000 ; 400,000$1, .
,. EEE "
$2,400,000 s _
.xo m
:r2ou .1. $1,200,000 [i-^ ,».,..,.........»...... .........� iixou
$2,300,000 ..__. - .
07012 v .02012
$2,200,000. smu $1,000A00 .2012
F
$2,100,000 ""- •.2kH - $8.0,000
$2,000,000 .. *'2015
xo
$1,900,000 - ''3012 $600,000 4..
$1,800,000 --, — $400000
$1,700,000
p( $200000
$1,60.000 €
$1,50,000
Q1 Q2 Q3 Q4 Ql Q2, Q3 Q4
Wholesale Construction
I
I
$70.000 ------ ..._..... $450,000 ...._._...,m...,_ :.
$600,000 .P.,,...,....._ ®— - � j $400,000 .�_.�� .,�...�. .�-,.-......•" ...".-_... �.
.2020 j
,.•2010
$500,000 •t.. _ -_,. ..__ __.,..:.T- Emu i $35D 000 r.iou
a :2012 $300000 _..^W-----;--
$400,000 ` - ... ... - - _- 12012 Y $250000 }
axon• 's
$300,000 L ,�......_._.. m .— - 4205 $200,000
my
.101S
$200,000 - -201 $150000
$100 000
4
$100,000 =
ssa000
}.
$ z
s
j Q1 Q2 Q3 Qa Q1_ Q2 Q3: 94,. .
Other-Mfg.Trnsp/Wrhsng,
Automotive,&Misc.
$500,000
.. $450,000 .: .,m.,-`-- •,.2010
•. j $40.000 I -- .. rxou
E $350,000
$300,000 0 M1
$250,0002lio2�
$20.000 02025
.2016
$150,000 -
$100,000
$50,000 I
Q1 Q2 Q3 Q4
WARN PmjectslSales Tax Information12016t1nfo Memo Sales Tax•2016-01 2016MEMO(June 2016).docx 9
INFORMATIONAL MEMO
Page 6
Below is Schedule IV which shows quarterly gambling tax earned for the prior year compared to
the current year.
Schedule IV-Gambling Tax
(d) 2016 INCREASE(DECREASE)
Quarter 2015 2016 Allocated YEAR OVER YEAR BUDGET VARIANCE
Earned Actual Actual Budget Amount `/o Amount %
at $ 698,773 $ 950,379 $ 631,914 $ 251,606 36% $ 318,465 50%
Q2 679,484 - 614,471 - - - -
Q3 677,923 - 613,059 - - - -
04 743,365 - 672,240 - - - -
Totals.:. $.2,799,545 $ 950,379 $2,53.1,6841.$ 251,606 - $ 318,465 -
Gambling taxes for 1 st quarter 2016 are $252K, or 36% higher than as compared with 2015 and
are$318K, or 50%over 2016 budget. Casinos within the City continue to do well.
Schedule V shows monthly admissions tax receipts for the prior year and current year to date.
Schedule V-Admissions Tax(b)
(d) 2016 INCREASE(DECREASE)
Quarter 2015 2016 Allocated YEAR OVER YEAR BUDGET VARIANCE
Earned Actual Actual Budget Amount % Amount `/o
Q1 $ 129,245 $ 161,269 $ 135,169 $ 32,024 25% $ 26,100 19°/0
Q2 171,745 - 179,617 - - - -
Q3 159,808 - 167,133 - - - -
04 166,452 - 174,081 - - - -
Totals $ 627,250 $ 161,269 $ 656,000 $ 32,024 - $ 26,100 -
There is an increase of $32K, or 25% in admissions tax receipts during first quarter as
compared to the same period in 2015 and are $26K, or 19% higher than 2016 anticipated
budget.
Schedule VI shows monthly telecommunications utility tax receipts for the prior year and current
year to date.
Schedule VI-Telecommunications Utility Tax
(d) 2016 INCREASE (DECREASE)
Quarter 2015 2016 Allocated YEAR OVER YEAR BUDGET VARIANCE
Earned Actual Actual Budget Amount % Amount %
Q1 $ 317,991 $ 346,156 $ 311,176 $ 30,166 90/6 $ 36,980 12%
02 349,024 - 341,544 - - - -
Q3 327,197 - 320,185 - - - -
Q4 319,135 - 312,295 - - - -
Totals $ 1,313,347 $ 348,156 $1,285,200 $ 30,166 - $ 36,980 -
There is an increase of$30K, or 9% in telecommunications utility tax receipts during first quarter
as compared to the same period in 2015 and with a corresponding increase of $36K, or 12%
over budget.
I8> Gambling tax currently includes cans games,punch boards,pull tabs,and amusement games.
(b) Excludes golf course admissions tax.
W - Telecommunications Utility tax currently includes cellular,pager and telephone usage.
(d) Actuals reflected in Schedules IV,V and V1 are amounts eamed through first quarter 2016.
10 WON ProjectMales Tax Information\2016Unfo Memo Sales Tax-2016-01 2016MEMO(June 2016).docx
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City of Tukwila
Allan Ekberg, Mayor
INFORMATIONAL MEMORANDUM
TO: Mayor Ekberg
Finance and Safety Committee
FROM: Peggy McCarthy, Finance Director
BY: Vicky Carlsen, Deputy Finance Director
DATE: July 6, 2016
SUBJECT: First Quarter 2016 Cash & Investment Report
ISSUE
The first quarter Investment Report is included with this memorandum and is discussed below.
BACKGROUND
City funds are invested to earn a reasonable return while preserving principal and allowing
sufficient liquidity to meet the City's operating needs. To achieve these objectives investments
are diversified by type, by financial institution, and by maturities in compliance with the City
Investment Policy.
DISCUSSION
Portfolio Components
As of March 31, 2016, the portfolio totaled $52.6 million comprised of $38.5 million in cash and
cash equivalents and $14.1 in longer term investments. The portfolio balance increased by $1.9
million from a December 31, 2015 balance of $50.7 million. Details on individual fund activity is
provided below in the Fund Cash Investment Balances section.
In January, the City purchased an agency (Federal Home Mortgage Corp) for $1 million with an
interest rate of 0.75% and an agency (Federal Farm Credit Bank) for $1 million with an interest
rate of 1.38%.
Portfolio Performance
The portfolio weighted average yield on March 31, 2016, was .51%. Considering the portfolio's
weighted average maturity was 1.0 years, and the yield on the cash & cash equivalent accounts
was .11%, the portfolio yield of 0.51% is still relatively favorable. The yield has been sustained
by the 4.14% average yield on the municipal bond investments, the .22% yield on the certificate
of deposits, the .94% yield on the agencies, and the .45% earnings credit on the US Bank
depository account.
Investment income through the end of March 2016 for all investments is $100,551 against an
annual budget of$227,322.
Not included in the portfolio is interest earned from the operating and capital loans to the MPD.
The operating loan is being repaid on a monthly basis and will be paid in full by May 2023. Interest
earned on the loan through March 2016 is $4,139. The capital loan is being repaid semi-annually
and will be paid in full by December 2022. Interest accrued through March 2016 is $4,396.
Attached to the investment report are amortization schedules for both loans to the MPD.
13
INFORMATIONAL MEMO
Page 2
Policy Compliance and Liquidity Analysis
As of the end of the 1St quarter, the portfolio profile is well within the range of all the investment
policy parameters. There is currently a healthy mix of investments with a range of maturity dates.
Current investments allow for adequate cash flow requirements.
Fund Cash & Investment Balances
Total fund cash and investments balances are $51.0 million, which is $8.9 million higher than first
quarter 2015.
The general fund total cash and investment balance is $5.7million, which is $278K lower than
March of 2015. Transfers from the general fund to debt service funds for first quarter 2015 were
not recorded until second quarter, whereas they were recorded in first quarter for 2016.
The arterial street fund in the capital projects fund group shows the largest change with an
increase of $6.3 million. The City issued $5.8 million LTGO bonds as partial funding for the
Interurban South and BAR Bridge projects. Proceeds are expected to be spent by the end of
2016.
Utility funds all have increases in fund balances from the prior year through March.
Investment Environment
While the Federal Reserve increased the target rate from zero to 0.25% in December 2015, it was
anticipated that an additional rate hike could occur in June of 2016. However, in June, it was
decided that a rate hike in June would be postponed. The forecast for US economic growth was
revised downward to 2.0% from 2.2% and the Reserve is continuing their caution with rate hikes.
Locally, the steady growth realized in 2015 is expected to continue through 2016. There is growth
in housing permits, housing inventories are low and rents are rising. Employment shows growth
while unemployment rates in King County continue to fall.
The portfolio will continue to be managed to take advantage of investment opportunities as they
arise.
RECOMMENDATION
Presentation is for information only.
ATTACHMENTS
Cash and Investment Report
Policy Compliance & Liquidity Analysis
Cash and Investment Balances by Fund
Treasury Rates and Yield Curves
Amortization Schedule—MPD Operating Loan
Amortization Schedule— MPD Capital Loan
14
CITY OF TUKWILA
CASH&INVESTMENT REPORT
March 31,2016
(a) (c) (d)
Rating Purchase Maturity Term Par Book Yield to Annualized
Agency/Issuer Moodys Investment Type Date Date Yrs Value Balance Maturity Return
CASH&CASH EQUIVALENTS
US Bank Depository Various (b) $13,382,042 $13,382,042 (e) 13,822
0.45%
Washington State Treasurer LGIP Investment Pool Various (b) 10,960,283 10,960,283 (f) 11,432
0.4488%
Columbia Bank Money market Various (b) 14,162,295 14,162,295 (f) 15,501
0.52
Total Cash&.Cash Equivalents 38,504,620 38,504,620 0.11,/. 40,755
INVESTMENTS
Certificates of Deposit 1.90
Bank of Washington Certificate of Deposit 4/1/2015 5/1/2016 1.1 250,000 250,000 0.80% 493
Sound Community Bank Certificate of Deposit 3/4/2014 3/4/2017 3.0 3,000,000 3,181,470 0.85% 6,733
CERTIFICATES OF DEPOSIT--TOTAL 2.9 3,250,000 3,431,470 0.22% 7,226
Agencies
Federal Home Loan Mtg Corp US agency 4/10/2014 5/13/2016 2.1 2,000,000 2,000,476 0.50% 10,000
(FHLMC)
FNMA US agency 6/6/2014 8/23/2017 3.2 1,000,000 999,274 1.00% 10,008
Federal Home Loan Mtg Corp US agency 1/12/2016 5/26/2017 1.4 1,000,000 999,000 0.75% 7,500
(FHLMC)
FHLB US agency 9/21/2015 9/21/2018 3.0 1,000,000 1,000,000 1.22% M 12,200
FHLMC US agency 5/29/2015 5/25/2018 3.0 1,000,000 1,000,000 1.25% (0 12,500
Federal Farm Credit Bank US agency 1/19/2016 12/21/2018 2.9 1,000,000 1,001,597 1.38% M 13,750
(FFCB)
TOTAL AGENCIES 2.5 7,000,000 7,000,347 0.94% 65,958
Taxable Municipal Bonds
Washington State Convention Aa3 Lodging Tax Bonds 11/30/2010 7/1/2016 5.6 500,000 500,728 3.60% 18,026
Center Facility
City of Marysville,sinking 2014- Aa3 LTGO Refunding 11/23/2010 12/1/2017 5.5 290,000 327,149 3.37% 11,025
2017,ave 5.5 years
Skagit County BAB Aa3 1/12/2016 12/1/2017 0.4 365,000 365,000 2.85% 10,403
UW Biomedical Center Aat Revenue Bonds 12/14/2010 7/1/2017 6.6 500,000 501,586 4.05% 20,314
UW Biomedical Center Aal Revenue Bonds 12/14/2010 7/1/2019 8.6 500,000 502,565 4.70% 23,621
Douglas County,ESD,sinking Aai UTGO 12/23/2010 12/1/2020 8.9 1,135,000 1,144,802 4.55% 52,088
2018-2020,ave 9 yrs
Port of Anacortes Al LTGO 12/17/2010 9/112020 9.7 340,000 333,598 5.00% 16,680
TOTAL MUNICIPAL BONDS 6.3 3,630,000 3,675,428 4.14% 152,157
Total Investments 3;g: 13;880,000 14,107,245 :1.60% 225,341
TOTAL CASH CASH EQUIVALENTS&INVESTMENTS 1.0 $52,384,620 $52,611,865 0.51% $266,095
Current Portfolio leld
(a)On calleable bonds,term is calculated to final maturity even though call date may occur first;term of liquid investments is
one day;on sinking fund bonds,average maturity is used to calculate term.
(b)No fixed maturity,funds are available within one day. Percent of Cash&Investment Portfolio
(c) Yield to Maturity represents average rate for the year for various investment vehicles. Cash
(d)Annualized Return represents actual earnings for the fiscal year for bonds. Agencies 27%
(e)Represents earning credit from US Bank. City earns interest up to the amount of fees. 14% ;wat
(f)Represents rate in effect for period ending this report. li
the annualized return above the current CD rates.
the annualized return above the current CD rates.
(h)Annualized Return represents actual earnings through current reporting period
Money
Market
29%
LGIP
CDs 23%
7%
15
CITY OF TUKWILA
Policy Compliance& Liquidity Analysis
CASH&INVESTMENT REPORT
March 31,2016
As of Report Date
Available Available Available in
Portfolio Within 1 Year Within 5 5- 10 Years
Liquidity Analysis&Maturity Diversification Amount Years
Funds immediately available $ 38,504,620 $ 38,504,620 $38,504,620
Fixed Maturity Investments, maturing in:
0-90 days after Report Date 2,250,476
91-180 days after Report Date 500,728
181-270 days after Report Date -
271-360 days after Report Date 3,181,470
Investments maturing in 1 year or less 5,932,674 5,932,674 5,932,674
Investments maturing in 1-3 years 5,828,606 5,828,606
Investments maturing in 3-5 years 1,980,965 1,980,965
Investments maturing in 5-7 years
Investments maturing in 7-10 years -
Investments maturing in more than 1 year 7,809,571
and less than 10 years.
TOTALS $ 52,246,865 $ 44,437,294 $52,246,865 $
85% 100% 0%
Liquidity Requirements and Funds Available for Investing:
Funds immediately available $ 38,504,620
Restrictions&designations:
Operating liquidity (a) 14,000,000
Liquidity threshold 14,000,000
Funds available for longer term investing $ 24,504,620
(a) Represents largest one month decline in portfolio balance over the most recent 36 month period doubled;or the
equivalent of a 100%cushion.
Portfolio POLICY Policy
Financial Institution Diversification Amount %of Total MAXIMUM Met?
US Bank $ 13,382,042 25.4% 50.0% Yes
Washington State Treasurer 10,960,283 20.8% 75.0% Yes
Columbia Bank 14,162,295 26.9% 50.0% Yes
Sound Community Bank 3,181,470 6.0% 50.0%. Yes
Other financial institutions 10,925,775 20.8% 50.0% Yes
Total $ 52,611,865 100.0%
Portfolio POLICY Policy
Investment Mix _Amount %of Total MAXIMUM Met?
Depository 13,382,042 25.4% insured by PDPC Yes
State Investment Pool 10,960,283 20.8% 75.0% Yes
Money market 14,162,295 26.9% insured by PDPC Yes
Certificate of Deposit 3,431,470 6.5% insured by PDPC Yes
US Agency 7,000,347 13.3% 75.0% Yes
Municipal Bonds 3,675,428 7.0% no limit specified in policy Yes
Total 52,611,865 100.0%
Weighted Average Maturites: Years Performance Analysis
Certificates of deposit. 2.9 Current portfolio yield 0.51%
Benchmarks:
Municipal bonds 6.3 6 month treasury 0.39%
Total Investments 3.8 2 year treasury 0.73%
Total Portfolio 1.0 Local Govt Invst Pool (f)0.4488%
POLICY MAXIMUM 3.5
Policy Met? Yes
Note:Cash and cash equivalents are available within one day and are factored
into the Total Portfolio weighted average maturity.
16
CITY OF TUKWILA
Cash & Investment Balances By Fund and Fund Group
CASH& INVESTMENT REPORT
March 31,2016
Balances Balances Balances Balances Balances
�Fund Group 03/31116 03/31/15 03/31/14.:' 03/3.1/13 03/31112
General 000 GENERAL 5,663,247 $5,941,116 $6,545,525 $ 944,197 $3,277,604
General Total 5,663,247 5,941,116 6,545,525 944,197 3,277,604
Special Revenue 101 HOTEL/MOTEL TAX 658,235 452,750 433,781 440,090 453,083
105 CONTINGENCY 5,587,107 5,772,086 5,764,212 1,461,267 1,457,930
107 FIRE EQUIP.CUM.RESERVE - - - 945,312 943,501
109 DRUG SEIZURE FUND 10,257 49,977 68,308 147,083 226,462
Special Revenue Total 6,255,599 6,274,813 6,266,301 2,993,751 3,080,975
Debt Service 200 DEBT SERVICE 378,884 400 - - -
206 L.I.GUARANTEE 669,148 669,147 668,997 -
208 LIMITED TAX G.O.BONDS 2000 - - - - 70
209 LIMITED TAX G.O.BONDS 2003 1 1 1 3,012,901 3,302,738
210 LIMITED TAX G.O.REFUNDING 2003 195 195 195 (55) 853
211 LIMITED TAX G.O.REFUNDING 2008 203,191 416 416 (84) 5,105
212 LTGO SCORE BONDS 2 2 1,453 126 707
213 LTGO SCORE BLD AMER BONDS - - - 995 616
214 LTGO 2010 Series A 164,603 2,710 5,910 (614) 37
215 LTGO 2010 Series B - - - 4,612 4,611
216 VALLEY COM Refunding bonds 2010 794 794 74 14 14
217 LIMITED TAX GO BONDS REFUNDING 137,708 539 214 (299) -
218 LTGO 2013 28,283 - - -
233 LID#33 108,515 121,290 42,591 - -
Debt Service Total 1,691 324 795,493 719,850 3,017,595 3,314,751
Capital Project 103 STREET 815,696 1,119,402 1,365,235 1,045,854 919,276
104 ARTERIAL STREET 4,484,245 (56,259) 875,506 588,392 4,595,453
301 LAND ACO,REC&PARK DEVLPMNT 2,347,596 1,336,048 1,159,087 1,088,513 1,665,327
302 FACILITY REPLACEMENT 1,174,351 1,037,559 1,967,648 2,103,024 2,019,099
303 GENERAL GOVERNMNT IMPROVEMENTS 378,675 399,945 404,809 804,988 584,287
304 FIRE IMPACT FEES 560,927 516,235 438,317 359,809 316,591
Capital Project Total 9,761,490 4,352,930 6,210,602 5,990,581 10,100,032
Enterprise 400 UTILITY ON ACCT(overpayments) 25,257 16,614 18,491 22,585 18,449
401 WATER 6,237,109 5,391,569 5,698,414 5,306,169 3,994,145
402 SEWER 6,862,764 4,937,844 3,431,464 1,917,966 1,219,446
411 FOSTER GOLF COURSE 634,362 671,946 371,314 218,979 (143,232)
412 SURFACE WATER 3,924,594 3,096,696 3,066,715 3,433,716 3,126,965
Enterprise Total 17,684,086 14,114,669 12,586,398 10,899,416 8,215,773
Internal Service 501 EQUIPMENT RENTAL 5,175,880 5,036,571 4,482,904 4,398,645 3,652,343
502 INSURANCE 3,799,298 4,764,528 5,491,187 6,559,638 6,502,805
503 INSURANCE-LEOFF 1 973,476 813,557 910,664 1,839,349 1,888,703
Internal Service Total 9,948,653 10,614,656 10,884,755 12,797,632 12,043,850
;Grand Total 51,004,398 1 1 421093,676 1 1 43,213,432 1 1 36,643,172 1 1 40,032,985 f
Fundsnot included in the Grand Total are the fiduciarV funds. However,,,these balances $1,607;467 are:included'in the investment balances:
17
CITY OF TUKWILA
Treasury Rates and Yield Curves
CASH & INVESTMENT REPORT
March 31, 2016
Rates at March 31, 2016 Rates at March 31, 2015
Closing
l g
Term �
Rate % Term
3/31/2016 Change Change
3mo 0.21% 0.18% 86% 3mo 0.03%
6mo 0.39% 0.25% 64% limo 0.14%
1 Yr 0.59% 0.33% 56% 1 Yr 0.26%
2Yr 0.739/6 0.17% 23% 2Yr' 0.56%
3Yr 0.87% -0.02% -2% 3Yr 0.89%
5Yr 1.21% -0.16% -13% 5Yr 1.37%
10Yr 1.78% -0.16% -9% 10Yr 1.94%
30Yr.. 2.61%. 0.07% 3% 30Yr' 2.54%
Source: US Department of the Treasury
Comparison of Treasury Rates
3.00%
2.50%
2.00%
1.50% —0--3/31/2016
--M-3/31/2015
1.00%
0.50%
0.00
3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 10 yr 30 yr
18
MPD Operating Loan-through end of 2015 only
Period Accumulated Interest
(Date) Beg Bal Funding Payments Interest End Bal Interest Principal Pmt Pmt
10/1/2011 $ - $ 191,294 $ - $ 319 $ 191,613 $ 319
11/1/2011 191,612.82 - 319.35 191,932.18 638.18
12/1/2011 191,932.18 - 319.89 192,252.07 958.07
1/1/2012 192,252.07 - 320.42 192,572.49 1,278.49
2/1/2012 192,572.49 - 320.95 192,893.44 1,599.44
3/1/2012 192,893.44 - - 321.49 193,214.93 1,920.93
4/1/2012 193,214.93 225,000.00 - 697.02 418,911.95 2,617.95
5/1/2012 418,911.95 - - 698.19 419,610.14 3,316.14
6/1/2012 419,610.14 - 699.35 420,309.49 4,015.49
7/1/2012 420,309.49 - 700.52 421,010.01 4,716.01
8/1/2012 421,010.01 - 701.68 421,711.69 5,417.69
9/1/2012 421,711.69 - - 702.85 422,414.54 6,120.54
10/1/2012 422,414.54 433,706.00 - 1,426.87 857,547.41 7,547.41
11/1/2012 857,547.41 - - 1,429.25 858,976.66 8,976.66
12/1/2012 858,976.66 - - 1,431.63 860,408.28 10,408.28
1/1/2013 860,408.28 250,000.00 - 1,850.68 1,112,258.96 12,258.96
2/1/2013 1,112,258.96 - - 1,853.76 1,114,112.73 14,112.73
3/1/2013 1,114,112.73 - 1,856.85 1,115,969.58 15,969.58
4/1/2013 1,115,969.58 - 1,859.95 1,117,829.53 17,829.53
5/1/2013 1,117,829.53 19,692.58 1,863.05 1,100,000.00 19,692.58 19,692.58
6/1/2013 1,100,000.00 10,121.48 1,833.33 1,091,711.85 21,525.91 8,288.15 1,833.33
7/1/2013 1,091,711.85 - 10,121.48 1,819.52 1,083,409.89 23,345.43 8,301.96 1,819.52
8/1/2013 1,083,409.89 - 10,121.48 1,805.68 1,075,094.10 25,151.12 8,315.80 1,805.68
9/1/2013 1,075,094.10 - 10,121.48 1,791.82 1,066,764.44 26,942.94 8,329.66 1,791.82
10/1/2013 1,066,764.44 10,121.48 1,777.94 1,058,420.90 28,720.88 8,343.54 1,777.94
11/1/2013 1,058,420.90 10,121.48 1,764.03 1,050,063.46 30,484.92 8,357.45 1,764.03 rior
12/1/2013 1,050,063.46 10,121.48 1,750.11 1,041,692.08 32,235.02 8,371.37 1,750.11
1/1/2014 1,041,692.08 - 10,121.48 1,736.15 1,033,306.76 33,971.18 8,385.33 1,736.15
2/1/2014 1,033,306.76 - 10,121.48 1,722.18 1,024,907.45 35,693.35 8,399.30 1,722.18
3/1/2014 1,024,907.45 - 10,121.48 1,708.18 1,016,494.15 37,401.53 8,413.30 1,708.18
4/1/2014 1,016,494.15 - 10,121.48 1,694.16 1,008,066.83 39,095.69 8,427.32 1,694.16
5/1/2014 1,008,066.83 10,121.48 1,680.11 999,625.46 40,775.80 8,441.37 1,680.11
6/1/2014 999,625.46 - 10,121.48 1,666.04 991,170.02 42,441.84 8,455.44 1,666.04
7/1/2014 991,170.02 - 10,121.48 1,651.95 982,700.49 44,093.79 8,469.53 1,651.95
8/1/2014 982,700.49 10,121.48 1,637.83 974,216.85 45,731.63 8,483.65 1,637.83
9/1/2014 974,216.85 - 10,121.48 1,623.69 965,719.06 47,355.32 8,497.79 1,623.69
10/1/2014 965,719.06 - 10,121.48 1,609.53 957,207.11 48,964.85 8,511.95 1,609.53
11/1/2014 957,207.11 - 10,121.48 1,595.35 948,680.98 50,560.20 8,526.13 1,595.35
12/1/2014 948,680.98 - 10,121.48 1,581.13 940,140.63 52,141.33 8,540.34 1,581.14
1/1/2015 940,140.63 - 10,121.48 1,566.90 931,586.06 53,708.24 8,554.58 1,566.90
2/1/2015 931,586.06 - 10,121.48 1,552.64 923,017.22 55,260.88 8,568.84 1,552.64
3/1/2015 923,017.22 10,121.48 1,538.36 914,434.10 56,799.24 8,583.12 1,538.36
4/1/2015 914,434.10 - 10,121.48 1,524.06 905,836.68 58,323.30 8,597.42 1,524.06
5/1/2015 905,836.68 - 10,121.48 1,509.73 897,224.93 59,833.03 8,611.75 1,509.73
6/1/2015 897,224.93 - 10,121.48 1,495.37 888,598.82 61,328.40 8,626.11 1,495.37
7/1/2015 888,598.82 - 10,121.48 1,481.00 879,958.34 62,809.40 8,640.48 1,481.00
8/1/2015 879,958.34 - 10,121.48 1,466.60 871,303.46 64,276.00 8,654.88 1,466.60
9/1/2015 871,303.46 - 10,121.48 1,452.17 862,634.15 65,728.17 8,669.31 1,452.17
10/1/2015 862,634.15 - 10,121.48 1,437.72 853,950.39 67,165.89 8,683.76 1,437.72
11/1/2015 853,950.39 - 10,121.48 1,423.25 845,252.16 68,589.14 8,698.23 1,423.25
12/1/2015_ _845,25_2.1_6 10,121.48_ 1,40_8.75 8_36,539.44_ 69,997.90_ _8,712.73_ 1,408.75
--1/1/2016 836,539.44----------10,121.48 1,394.23---827,812.19 71,392.13 8,727.25 1,394.23
2/1/2016 827,812.19 - 10,121.48 1,379.69 819,070.40 72,771.82 8,741.79 1,379.69
3/1/2016 819,070.40 - 10,121.48 1,365.12 810,314.03 74,136.93 8,756.36 1,365.12
4/1/2016 810,314.03 - 10,121.48 1,350.52 801,543.08 75,487.46 8,770.96 1,350.52
5/1/2016 801,543.08 - 10,121.48 1,335.91 792,757.50 76,823.36 8,785.57 1,335.91
6/1/2016 792,757.50 - 10,121.48 1,321.26 783,957.28 78,144.62 8,800.22 1,321.26 rent
7/1/2016 783,957.28 - 10,121.48 1,306.60 775,142.40 79,451.22 8,814.88 1,306.60
8/1/2016 775,142.40 - 10,121.48 1,291.90 766,312.82 80,743.12 8,829.58 1,291.90
9/1/2016 766,312.82 - 10,121.48 1,277.19 757,468.53 82,020.31 8,844.29 1,277.19
10/1/2016 757,468.53 - 10,121.48 1,262.45 748,609.50 83,282.76 8,859.03 1,262.45
11/1/2016 748,609.50 - 10,121.48 1,247.68 739,735.70 84,530.44 8,873.80 1,247.68
12/1/2016 739,735.70 - 10,121.48 1,232.89 730,847.11 85,763.33 8,888.59 1,232.89 --
19
Capital Loan to MPD Repayment Schedule
MPD Capital Loan
PAYMENT BEGINNING PRINCIPAL INTEREST INTEREST
DUE DATE BALANCE PAYMENT RATE PAYMENT ENDING
2/1/2013 Ar°oodtttheMP 0 1,000,000:00
6/1/2013 1,000,000.00 (50,731.67) 0.02 (5,833.33) 949,268.33
1211/2013 949,268.33 (48,258.90) 0.02 (8,306.10) 901,009.43
6/1/2014 901,009.43 (48,681.17) 0.02 (7,883.83) 852,328.26
12/1/2014 852,328.26 (49,107.13) 0.02 (7,457.87) 803,221.13 Prior
6/1/2015 803,221.13 (49,536.82) 0.02 (7,028.18) 753,684.31
1_2/1/2015__ 753,684.31__ (49,970.26 ____0.02___�,594_7�__70_3,714.05_
6/1/2016 703,714.05 (46,537.07) 0.03 (10,027.93) 657,176.98 1 Current
12/1/2016 657,176.98 (47,200.23) 0.03 (9,364.77) 609,976.75
6/1/2017 609,976.75 (47,872.83) 0.03 (8,692.17) 562,103.92
12/1/2017 562,103.92 (48,555.02) 0.03 (8,009.98) 513,548.90
6/1/2018 513,548.90 (49,246.93) 0.03 (7,318.07) 464,301.97
12/1/2018 464,301.97 (49,948.70) 0.03 .(6,616.30) 414,353.27
6/1/2019 414,353.27 (48,277.93) 0.04 (8,287.07) 366,075.34
12/1/2019 366,075.34 (49,243.49) 0.04 (7,321.51) 316,831.85
6/1/2020 316,831.85 (50,228.36) 0.04 (6,336.64) 266,603.49
12/1/2020 266,603.49 (51,232.93) 0.04 (5,332.07) 215,370.56
6/1/2021 215,370.56 (52,257.59) 0.04 (4,307.41) 163,112.97
12/1/2021 163,112.97 (53,302.74) 0.04 (3,262.26) 109,810.23
6/1/2022 109,810.23 (54,368.80) 0.04 (2,196.20) 55,441.43
12/1/2022 55,441.43 (55,441.43) 0.04 (1,108.83) 0.00
(131,285.26)
20
City of Tukwila
Allan Ekberg, Mayor
INFORMATIONAL MEMORANDUM
TO: Finance& Safety Committee
CC: Mayor Ekberg
FROM: Peggy McCarthy, Finance Director
BY: Vicky Carlsen, Deputy Finance Director
DATE: June 29, 2016
SUBJECT: Revised Proposed 2017-2018 Biennial Budget Schedule
ISSUE
Discuss the process and timeline for review and adoption of the 2017-2018 Biennial Budget and Capital
Improvement Plan as amended by the attached revised schedule.
BACKGROUND
In April 2016, a proposed budget schedule was presented to Finance and Safety for review and approval.
The schedule showed review being conducted as appropriate by Council committees and by the full Council
in workshops and/or Committee of the Whole meetings. Staff is proposing the budget review be divided
into the following three phases for development, review and approval:
1.Enterprise Funds, operating budget and capital improvement program --
2.Capital Project Funds, operating budget and capital improvement program—
3.General Fund, Internal Service Funds, Other Funds, Financial Planning Model Attachment A
DISCUSSION
Budget Process
The budget process is well under way. Priorities for the 2017-2018 biennial budget were approved by
consensus by Council on April 26, 2016. Several community outreach events occurred in May and June
and departments are currently drafting proposed budgets.
Revisions to Proposed Budget Schedule
The original schedule proposed that the enterprise funds (utilities and golf course) be reviewed by
Community Affairs and Parks Committee in June. The schedule has been revised for the Committee review
to occur in July.
The original schedule proposed that the capital project funds be reviewed by Council Committees in July.
The revised schedule shows this review occurring in August. General fund budgets are due to Finance in
mid-July. By reviewing the capital projects funds after general fund data is available, a more complete
picture of the capital projects funds should be available.
Staff is proposing that once each section of the budget has been reviewed and the appropriate Council
Committee and Council at a C.O.W. meeting, it would be appropriate for Council to move the section
forward to the final budget process by consensus. Any modifications necessary to the sections approved
by consensus would be reviewed by Council prior to final adoption.
Attachment A
Attachment A is an integral part of the budget planning process and is also occasionally updated at various
times during the budget cycle to analyze effects of potential financial decisions. The current model is time
consuming to update and does not include analysis of the enterprise funds nor the internal service funds.
Other models are utilized for the enterprise funds. Staff is seeking Committee input into the development
of a comprehensive long-range financial planning tool that is easier to update and flexible enough to analyze
all funds within the City within one model.
RECOMMENDATION
Committee discussion and feedback.
ATTACHMENT
2017-2018 Proposed Biennial Budget Schedule as amended 21
22
2016 Updates and Biennial Budget Schedule - Council
Budget Process and 2016 Updates By Month Council Committees Full Council
Finance& Trans Work-
Safety portation CAP Utilities shop �J�IIJ
MARCH
Priorities Joint Council/Staff Workshop discussion X
APRIL
Budget schedule Review and approve X
Outreach Staff Citywide
Priorities Review and approve X
MAY
Priorities Review and approve
Financial
Reporting 2015 Annual Citywide
Financial 2016 1"Quarter—Police&Fire X
Reporting
Outreach Community
JULY
Review operating budgets and capital Water,
Enterprise Funds improvement plans- sewer,
Surface
Consensus at C.O.W. water
Financial
Reporting 2016 1 st Quarter Citywide
AUGUST
Review operating budgets and capital Gen Gov't, Resid'I Str
Capital Project improvement plans- Facilities, Park&Land X-Workshop or
Funds Urban Acq C.O.W
Consensus at C.O.W. Renewal Arterial Str
Financial
Reporting 2016 2nd Quarter—Police&Fire X
SEPTEMBER
Financial
Reporting 2016 2nd Quarter Citywide
Proposed Mayor's proposed 2017-2018 Biennial
u
Budget Budget presented
General Fund& Review of department budgets and other Police, Public DCD,
Other budget elements Fire Works Parks&
Rec
OCTOBER
Council,
General Fund& Review of department budgets and other Mayor,
Other budget elements HR,
Finance,
Court,TS
General Fund& Review of department budgets and other X
Other budget elements
NOVEMBER
Financial
Reporting 2016 3rd Quarter—Police&Fire X
Financial 2016 3rd Quarter Citywide
Reporting
Biennial Budget Public Hearings
Biennial Budget Adoption of 2017-2018 Biennial Budget
Capital Improve- Adoption of Financial Planning Model and
ment Plan Capital Improvement Plan
23
24