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HomeMy WebLinkAboutCOW 2018-08-27 Item 3E - Powerpoint Presentation Shown at Meeting - 2018 2nd Quarter Financial Report2018 2nd Quarter Financial Report City of Tukwila August 27, 2018 2018 Q2 General Fund Revenue Selected line items GENERAL FUND CITY OF TUKWILA GENERAL FUND REVENUES YTD AS OF JUNE 30, 2018 SUMMARY BY REVENUE TYPE BUDGET ACTUAL COMPARISON OF RESULTS 2018 ANNUAL 2018 ALLOCATED 2016 2017 2018 ACTUAL OVER/(UNDER) % CHANGE ALLOCATED BDGT %REC'D 2016/ 2017 2017/ 2018 PROPERTY TAX 15,279,302 8,095,685 7,799,265 7,872,347 8,431,899 336,214 55% 1% 7% SALES TAX 20,607,102 10,371,805 9,474,472 9,453,723 9,597,309 (774,495) 47% (0)% 2% ADMISSIONS TAX 774,000 399,487 352,284 375,163 500,310 100,823 65% 6% 33% UTILITY TAX 4,205,513 2,237,867 2,122,520 2,217,480 2,090,161 (147,706) 50% 4% (6)% INTERFUND UTILITY TAX 2,205,000 1,031,158 1,012,244 1,061,752 1,104,427 73,269 50% 5% 4% GAMBLING & EXCISE TAX 4,045,414 1,994,414 1,745,709 1,966,648 2,003,990 9,577 50% 13% 2% TOTAL GENERAL REVENUE 47,116,331 24,130,415 22,506,495 22,947,111 23,728,096 (402,319) 50% 2% 3% RGRL - - - - - - 0% 0% 0% BUSINESS LICENSES 2,834,790 2,584,110 2,386,291 2,324,298 2,604,540 20,429 92% (3)% 12% RENTAL HOUSING 49,000 46,996 36,830 40,570 46,930 (66) 96% 10% 16% BUILDING PERMITS 1,449,600 630,123 674,976 810,774 980,939 350,815'' 68% 20% 21% TOTAL LICENSES AND PERMITS 4,333,390 3,261,229 3,098,097 3,175,643 3,632,408 371,179 84% 3% 14% Page 43 of Agenda Packet August 27, 2018 2018 Q2 General Fund Revenue Selected line items - Continued GENERAL FUND CITY OF TUKWILA GENERAL FUND REVENUES YTD AS OF JUNE 30, 2018 SUMMARY BY REVENUE TYPE BUDGET ACTUAL COMPARISON OF RESULTS 2018 ANNUAL 2018 ALLOCATED 2016 2017 2018 ACTUAL OVER/(UNDER) % CHANGE ALLOCATED BDGT %REC'D 2016/ 2017 2017/ 2018 GENERAL GOVERNMENT 35,265 18,190 18,417 21,915 17,505 (685) 50% 19% (20)% SECURITY 693,726 331,432 301,497 283,370 167,037 (164,396); 24% (6)% (41)% TRANSPORTATION 109,000 59,000 22,550 6,281 540 (58,460) 0% (72)% (91)% PLAN CHECK AND REVIEW FEES 905,090 344,041 478,369 378,123 547,095 203,054 60% (21)% 45% CULTURE AND REC FEES 1,060,500 561,937 582,238 513,770 415,377 (146,560) 39% (12)% (19)% TOTAL CHARGES FOR SERVICES 2,803,581 1,314,601 1,403,070 1,203,459 1,147,554 (167,046) 41% (14)% (5)% TRANSFERS IN Urban Renewal land sale Tukwila Village Former FS 53, other 6,050,000 2,250,000 2,775,000 1,025,000 0% 0% 0% TOTAL REVENUE 68,321,342 32,876,441 30,662,595 31,549,369 32,767,446 (108,995) 48.0% 3% 4% Page 43 of Agenda Packet August 27, 2018 018 Q2 Departmental Expenditures By Department GENERAL FUND CITY OF TUKWILA GENERAL FUND EXPENDITURES YTD AS OF JUNE 30, 2018 BUDGET ACTUAL COMPARISON OF RESULTS Variance as % of Annual Budget, (under) over spent SUMMARY OF EXPENDITURES BY DEPARTMENT 2018 ANNUAL 2018 ALLOCATED 2016 2017 ACTUAL CSVERI(UNDER) % CHANGE 2018 ALLOCATED BDGT % EXPENDED 2016 /2017 2017 /2018 01 City Council 430,319 198,401 169,503 170,893 183,549 (14,852) 43% 1% 7% -3% 03 Mayor 4,143,651 1,919,197 1,790,259 1,766,683 1,808,411 (110,787) 44% (1)% 2% -3% 04 Human Resources 728,083 356,559 337,675 324,015 313,364 (43,195) 43% (4)% (3)% -6% 05 Finance 2,733,016 1,681,707 1,264,811 1,346,097 1,412,212 (269,495) 52% 6% 5% -10% 06 Attorney 733,185 238,180 224,271 215,424 374,128 135,948 51% (4)% 74% 19% 07 15 Parks & Recreation 4,791,778 2,504,092 1,998,312 2,171,471 2,130,269 (373,823) 44% 9% (2)% -8% 08 Community Development 3,671,160 1,835,914 1,539,530 1,617,648 1,639,761 (196,153) 45% 5% 1% -5% 09 Municipal Court 1,295,812 628,899 571,555 597,946 626,187 (2,712) 48% 5% 5% 0% 10 Police 18,999,049 9,644,261 9,101,296 8,837,452 8,791,607 (852,653) 46% (3)% (1)% -4% 11 Fire 12,432,599 6,184,460 5,637,308 5,957,171 5,850,702 (333,758) 47% 6% (2)% -3% 12 Technology& Innovation Svcs 2,040,671 848,296 594,490 713,629 1,081,145 232,849 53% 20% 51% 11% 13 16 Public Works & Street Maintenance 7,025,690 3,449,399 3,311,864 3,235,270 3,302,925 (146,473) 47% (2)% 2% -2% Departmental Expenditures 59,025,013 29,489,365 26,540,874 26,953,700 27,514,261 (1,975,104) 47% 2% 2% -3% Page 44 of Agenda Packet August 27, 2018 018 Q2 Departmental Expenditures By Expenditure Type GENERAL FUND CITY OF TUKWILA GENERAL FUND EXPENDITURES YTD AS OF J UNE 30, 2018 BUDGET ACTUAL COMPARISON OF RESULTS SUMMARY OF SALARIES AND BENEFITS 2018 ANNUAL 2018 ALLOCATED 2016 2017 ACTUAL OVER/(UNDER) % CHANGE 2018 ALLOCATED BDGT °1° EXPENDED 2016/2017 2017/2018 11 Salaries 28,339,011 14,158,130 13,200,954 13,442,632 13,466,275 (691,855) 48% 2% 0% 12 Extra Labor 754,693 315,685 290,979 278,306 291,422 (24,263) 39% (4)% 5% 13 Overtime 1,632,035 928,495 655,729 834,294 689,733 (238,762) 42% 27% (17)% 15 Holiday Pay 525,583 78,440 79,341 74,220 94,903 16,463 18% (6)% 28% 21 FICA 1,843,030 940,288 855,265 882,387 885,839 (54,450) 48% 3% 0% 22 Pension-LEOFF 2 880,275 406,330 396,304 404,422 415,357 9,027 47% 2% 3% 23 Pension-PERS/PSERS 1,608,904 784,550 690,084 716,661 824,466 39,916 51% 4% 15% 24 Industrial Insurance 940,895 451,190 315,495 302,907 299,866 (151,324) 32% (4)% (1)% 25 Medical & Dental 6,395,135 3,248,886 2,816,652 2,815,157 2,754,779 (494,107) 43% (0)% (2)% 26 Unemployment 13,000 - 19,276 471 18,354 18,354 141% (98)% 3794% 28 Uniform/Clothing 10,500 2,041 1,731 1,178 1,738 (303) 17% (32)% 48% Total Salaries and Benefits 42,943,061 21,314,035 19,321,810 19,752,633 19,742,732 (1,571,303) 46% 2% (0)% Percent of year completed 50.00% Page 45 of Agenda Packet August 27, 2018 2018 Q2 Departmental Expenditures By Expenditure Type -continued GENERAL FUND CITY OF TUKWILA } YTD AS OF J UNE 30, 2018 BUDGET ACTUAL COMPARISON OF RESULTS SUMMARY OF SUPPLIES, 2018 ANNUAL 2018 ALLOCATED 2016 2017 ACTUAL OVER(UNDER) % CHANGE SERVICES, AND CAPITAL 2018 ALLOCATED BDGT % EXPENDED 2016/2017 2017/2018 31 Supplies 1,176,504 663,993 541,264 637,853 487,678 (176,316) 41% 18% (24)% 34 Items Purchased for resale 22,000 15,003 15,203 14,001 16,954 1,951 77% (8)% 21% 35 Small Tools 97,318 31,331 30,840 40,432 38,837 7,506 40% 31% (4)% 41 Professional Services 3,304,461 1,085,044 998,812 1,032,464 1,391,524 306,480 42% 3% 35% 42 Communication 436,370 185,974 166,010 170,497 179,920 (6,054) 41% 3% 6% 43 Travel 189,880 109,601 75,062 102,643 81,957 (27,644) 43% 37% (20)% 44 Advertising 51,500 18,817 11,870 9,932 19,946 1,129 39% (16)% 101% 45 Rentals and Leases 2,313,038 1,238,585 1,308,261 1,073,148 1,196,604 (41,981) 52% (18)% 12% 46 Insurance 976,992 976,344 810,799 887,617 974,873 (1,471) 100% 9% 10% 47 Public Utilities 1,928,305 908,286 819,837 903,702 957,053 48,767 50% 10% 6% 48 Repairs and Maintenance 799,988 267,237 308,226 244,682 201,124 (66,113) 25% (21)% (18)% 49 Miscellaneous 1,564,472 1,075,921 503,410 587,940 710,107 (365,814) 45% 17% 21% 51 Inter -Governmental 3,191,119 1,582,171 1,261,325 1,454,234 1,468,089 (114,082) 46% 15% 1% 53 Ext Taxes, Oper. Assess 5 1 7 115 429 427 8571% 1445% 271% 64 Machinery&Equipment 30,000 17,023 368,336 41,807 46,590 29,567 155% (89)% 11% Total Supplies, Services, and Capital 16,081,952 8,175,332 7,219,263 7,201,067 7,771,683 (403,649) 48% (0)% 8% August 27, 2018 Page 45 of Agenda Packet 2018 Q2 Transfers Out of the General Fund GENERAL FUND CITY OF TUKWILA GENERAL FUND EXPENDITURES YTD AS OF JUNE 30, 2018 SUMMARY OF EXPENDITURES BY DEPARTMENT BUDGET ACTUAL COMPARISON OF RESULTS 2018 2018 ANNUAL ALLOCATED ACTUAL OVER/(UNDER) % CHANGE ALLOCATED % 2016 2017 2016 2017 2018 BDGT EXPENDED /2017 /2018 20 Transfers to other Funds 9,539,621 4,769,811 2,563,114 1,493,002 2,029,017 (2,740,794) 21% (42)% 36% Debt service 5,848,580 4,585,290 2,412,916 1,343,002 1,878,863 (2,706,427) 32% (44)% 40% Capital Projects 3,322,000 1,661,000 975,500 - 1,050,000 (611,000) 32% - Residential streets - 100,000 - - - Arterial Street 3,000,000 1,500,000 775,500 (1,500,000) Fund 301, arts program 122,000 61,000 - - - (61,000) - Gen'I govt improvements 200,000 100,000 100,000 50,000 (50,000) 25% - Public Works shops - - - - 1,000,000 1,000,000 - Other transfers: 369,041 184,521 150,000 150,000 150,000 (34,521) 41% 0% 0% Contingency fund - - - - - - - Golf course 300,000 150,000 150,000 150,000 150,000 - 50% 0% 0% Firemen's pension 69,041 34,521 - - - (34,521) - - Total Expenditures 68,564,634 34,259,175 29,103,989 28,617,595 29,543,278 (4,715,898) 43% (2)% 3% Percent of year completed 50.00% Page 44 of Agenda Packet August 27, 2018 Outlook Sales tax growth has rebounded in the first 6 months of the year, but the 2017 stagnation warns of the cyclical and unpredictable nature of this revenue stream. Development activity continues to yield revenues in excess of budget. Departmental budgetary savings have exceeded the 3% underspend target. At least a 3% savings is expected for the year. No draw down of the General Fund is expected for 2018. August 27, 2018 Q&A The city of opportunity, the community of choice. August 27, 2018