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HomeMy WebLinkAboutFIN 2018-11-06 Item 2C - Ordinance/Resolution - 2019-2020 Biennial Budget / 2019-2024 Financial Planning Model and Capital Improvement ProgramTO: FROM: BY: City of Tukwila INFORMATIONAL MEMORANDUM Finance Council Committee Peggy McCarthy, Finance Director Vicky Carisen, Deputy Finance Director CC: Mayor Ekberg DATE: October 31, 2018 SUBJECT: 2019 — 2020 Biennial Budget Ordinance 2019 — 2024 Financial Planning Model and Capital Improvement Program Allan Ekberg, Mayor ISSUE Adopt the 2019 — 2020 biennial budget and the 2019 — 2024 Capital Improvement Program (CIP) by the end of December. BACKGROUND The proposed biennial budget for 2019 — 2020 and draft 2019 — 2024 CIP were presented to Council on October 1, 2018. Departments within the general fund and all other funds have been reviewed in Council Committees and at the Council Committee of the Whole. Additionally, Council held budget workshops on September 9 and October 24, 2018, to discuss both the budget and CIP. Additional workshops may be scheduled before final adoption. DISCUSSION At this time the proposed 2019 — 2020 biennial budget as well as the 2019 — 2024 CIP is being presented to the Finance Committee for review and discussion. The public hearing, another opportunity for community input, is scheduled for Tuesday, November 13, 2018. The ordinance and resolution are in draft form and will be updated prior to final adoption if any changes are made to either the proposed biennial budget or the CIP. RECOMMENDATION The Finance Committee is being asked to approve the 2019 — 2020 biennial budget ordinance and the 2019 — 2024 Financial Planning Model and Capital Improvement Plan resolution and forward to the Committee of the Whole. This item is currently scheduled for the November 13, 2018, Committee of the Whole and November 19, 2018, Regular Council meeting. ATTACHMENTS Draft Budget Ordinance Reconciliation of 2019 — 2020 Budget Summary to Ordinance Draft CIP Resolution 65 66 [;ti AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON; ADOPTING THE BIENNIAL BUDGET OF THE CITY OF TUKWILA FOR THE 2019-2020 BIENNIUM; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the preliminary budget of the City of Tukwila for the 2019-2020 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 13, 2018; 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 2019- 2020 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\OrdinancesWdopt 2019-2020 Biennial Budget 10-29-18 VC:bjs Page 1 of 3 67 Fund 000 General 105 Contingency 101 Hotel/Motel 103 City Street 104 Arterial Street 109 Drug Seizure Fund 2XX LTGO Debt Service Funds 213 Unlimited Tax G.O. Bonds 206 LID Guaranty 233 2013 LID 301 Land Acquisition, Recreation & Park Dev. 302 Facility Replacement 303 General Government Improvements 304 Fire Improvements 305 Public Safety Plan 306 City Facilities 401 Water 402 Sewer 411 Foster Golf Course 412 Surface Water 501 Equipment Rental 502 Insurance Fund 503 Insurance - LEOFF 1 Fund 611 Firemen's Pension Total All Funds Combined Total Expenditures $144, 629, 376 6,895,897 2,951,302 12,539,621 57, 637, 865 336,507 9,957,242 6,594,967 685,637 2,064,537 1,264,196 2,233,064 738,761 1,007,612 82,136, 549 9,414,000 19, 990, 522 28,998,430 4,281,881 20, 542, 959 10, 715, 532 14,591,012 1,060,079 1,597,856 $442, 865, 403 Total Revenues $ 144,629,376 6,895,897 2,951,302 12,539,621 57,637,865 336,507 9,957,242 6,594,967 685,637 2,064,537 1,264,196 2,233,064 738,761 1,007,612 82,136, 549 9,414,000 19, 990, 522 28, 998, 430 4,281,881 20,542,959 10, 715, 532 14,591,012 1,060,079 1,597,856 $ 442,865,403 Section 3. A complete copy of the final budget for 2019-2020, 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. 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. W: Word Processing\Ordinances\Adopt 2019-2020 Biennial Budget 10-29-18 68 VC:bjs Page 2 of 3 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 , 2018. ATTEST/AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk APPROVED AS TO FORM BY: Rachel B. Turpin, City Attorney Allan Ekberg, Mayor Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: W: Word Processing\Ordinances\Adopt 2019-2020 Biennial Budget 10-29-18 VC:bjs Page 3 of 3 69 Reconciliation of 2019 - 2020 Budget Summary to Ordinance EXPENDITURES 2019 Expenditures 2020 Expenditures 2020 Ending Fund Balance Total Expenditures 000 General $ 65,275,209 $ 65,778,779 $ 13,575,388 $144,629,376 101 Hotel/Motel 693,131 695,498 1,562,673 2,951,302 103 City Street 6,616,000 5,701,000 222,621 12,539,621 104 Arterial Street 8,404,599 48,935,382 297,884 57,637,865 105 Contingency - - 6,895,897 6,895,897 109 Drug Seizure Fund 60,000 60,000 216,507 336,507 2XX LTGO Debt Service Funds 4,979,263 4,589,893 388,086 9,957,242 213 UTGOBonds 2,841,675 3,713,175 40,117 6,594,967 206 LID Guaranty - - 685,637 685,637 233 2013 LID 688,637 668,613 707,287 2,064,537 301 Land Acquisition, Recreation & Park Dev. 605,000 50,000 609,196 1,264,196 302 Facility Replacement 235,000 215,000 1,783,064 2,233,064 303 General Government Improvements 353,094 358,015 27,652 738,761 304 Fire Improvements 500,000 500,000 7,612 1,007,612 305 Public Safety Plan 39,896,578 40,028,146 2,211,825 82,136,549 306 City Facilities 4,629,000 4,785,000 (0) 9,414,000 401 Water 7,650,901 9,000,238 3,339,382 19,990,522 402 Sewer 10,774,916 9,783,035 8,440,480 28,998,430 411 Foster Golf Course 1,765,345 1,810,408 706,128 4,281,881 412 Surface Water 8,933,224 7,302,426 4,307,309 20,542,959 501 Equipment Rental 4,435,204 3,777,658 2,502,670 10,715,532 502 Insurance Fund 6,904,662 7,412,104 274,247 14,591,012 503 Insurance - LEOFF 1 Fund 465,755 489,313 105,011 1,060,079 611 Firemen's Pension 69,991 69,991 1,457,874 1,597,856 Total $ 176,777,183 $ 215,723,673 $ 50,364,547 $442,865,403 REVENUES 2019 Beginning Fund Balance 2019 Revenues 2020 Revenues Total Revenues 000 General $ 12,590,576 $ 65,739,600 $ 66,299,200 $144,629,376 101 Hotel/Motel 1,370,302 778,000 803,000 2,951,302 103 City Street 2,826,621 4,002,000 5,711,000 12,539,621 104 Arterial Street 3,621,865 6,369,000 47,647,000 57,637,865 105 Contingency 6,447,329 148,568 300,000 6,895,897 109 Drug Seizure Fund 226,507 55,000 55,000 336,507 2XX LTGO Debt Service Funds 387,669 4,979,262 4,590,311 9,957,242 213 UTGO Bonds 40,117 2,841,675 3,713,175 6,594,967 206 LID Guaranty 685,037 300 300 685,637 233 2013 LID 707,287 688,637 668,613 2,064,537 301 Land Acquisition, Recreation & Park Dev. 1,019,476 128,320 116,400 1,264,196 302 Facility Replacement 2,213,064 10,000 10,000 2,233,064 303 General Government Improvements 337,761 200,500 200,500 738,761 304 Fire Improvements 7,412 500,100 500,100 1,007,612 305 Public Safety Plan 13,038,494 66,414,346 2,683,709 82,136,549 306 City Facilities 1,914,000 7,500,000 - 9,414,000 401 Water 5,149,522 7,317,000 7,524,000 19,990,522 402 Sewer 9,174,430 9,912,000 9,912,000 28,998,430 411 Foster Golf Course 640,081 1,793,900 1,847,900 4,281,881 412 Surface Water 3,482,959 9,070,000 7,990,000 20,542,959 501 Equipment Rental 3,874,899 3,619,089 3,221,544 10,715,532 502 Insurance Fund 1,137,704 6,563,872 6,889,436 14,591,012 503 Insurance - LEOFF 1 Fund 527,005 266,533 266,541 1,060,079 611 Firemen's Pension 1,449,856 74,000 74,000 1,597,856 Total $ 72,869,972 $198,971,702 $171,023,729 $442,865,403 70 ,J r L L3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ADOPTING THE 2019- 2024 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 2019- 2024 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 2019-2024 Financial Planning Model and accompanying Capital Improvement Program, incorporated by this reference as if fully set forth herein. Section 2. A copy of the 2019-2024 Financial Planning Model and accompanying Capital Improvement Program shall be kept on file electronically by the City Clerk and accessible from the City's website in accordance with Washington State records retention schedule requirements and City policy, and shall be made available to the public upon request. Section 3. The assumptions, revenues and expenditures will be reviewed and updated biennially, or as necessary, by the City Council. W:\Word Processing\Resolutions\Financial Planning Model & CIP 10-29-18 VC:bjs Page 1 of 2 71 Section 4. The detail of Capital Improvement Program projects will be reflected in the published Financial Planning Model and Capital Improvement Program 2019-2024. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of , 2018. ATTEST/AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk Verna Seal, Council President APPROVED AS TO FORM BY: Filed with the City Clerk: Passed by the City Council: Resolution Number: Rachel B. Turpin, City Attorney W:\Word Processing\Resolutions\Financial Planning Model & CIP 10-29-18 72 VC:bjs Page 2 of 2