HomeMy WebLinkAboutFIN 2019-02-25 Item 2B - Report - Preliminary 2018 Year End Financial Report*ILA
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City of Tukwila
INFOR ATIONAL E ORANDU
TO: Councilmembers
CC: Mayor Ekberg
FROM: Peggy McCarthy, Finance Director
BY: Jeff Friend, Fiscal Manager
DATE: February 20, 2019
SUBJECT: Preliminary December 2018 Year -End Financial Update
Summary
Allan Ekberg, Mayor
The purpose of the 2018 Financial Report is to summarize for the City Council the general state
of Departmental expenditures and to highlight significant items at Year -End. The following
provides a high-level summary of the Departmental financial performance.
The Preliminary December 2018 Year -End report is based on financial data available as of
February 20, 2019, for the period ending December 31, 2018. The data in this report is referred
to as "preliminary" as additional 2018 expenditures or corrections can still be posted as the
Finance department continues to work on closing the year. Significant changes are not
expected as most transactions have been recorded. Additional details can be found within the
attached financial report.
Departmental Expenditures
General Fund expenditures totaled $61.4 million, which is $7.2 million below budget. The
Administration's goal of an overall 3% cost reduction of General Fund department expenses
was achieved with all departments combining to finish the year 3.3% under budget.
Transfers from the General Fund were $5.3 million under budget due to:
• a $3 million transfer to Bridges and Arterial Streets was budgeted but did not occur
as it was determined that it was not needed.
• a $2.3 million transfer to Debt Service did not occur as the City refinanced the 2017
Refunding Line -of -Credit instead of paying it off.
Other significant variances:
• Rentals and Leases are over budget due to the purchase of four SWAT vehicles; an
expenditure previously approved by Council.
• External taxes are over budget due to an unbudgeted leasehold tax payment of
$105,000.
5
INFORMATIONAL MEMO
Page 2
Preliminary Year -End Department Expenditures Compared to Allocated Budget
(December2018)
. $374
City Council
01 $430
Mayor
Human Resources
$728
$4,038
$4,144
Finance
Attorney
Recreation
Community Development
Municipal Court
Police
Fire
Technology & Innovation
Svcs $2,064
MN $726
$2,649
$2,733
$983
$983
$3,093
$3,282
$3,509
$3,671
$1,296
$1,296
$17,967
$18,726
$12,356
Public Works
Park Maintenance
Street Maintenance &
Operations
Dept 20
$2,062
$3,566
$1,515
$1,572
$3,876
$3,138
$3,150
$4,165
$0
$5,000
$9,471
$10,000
YTD Actual e YTD Budget
$12,542
$15,000
$20,000
Thousands
6
INFORMATIONAL MEMO
Page 3
GENERAL FUND
CITY OF TUKWILA
GENERAL FUND EXPENDITURES
AS OF DECEMBER 31, 2018
SUMMARY OF EXPENDITURES BY
DEPARTMENT
BUDGET
ACTUAL
2018 ANNUAL
2016
2017
%° CHANGE
2018
8DGT V5
ACTUAL
PENDED 2016/2017 2017/2018
01
City Council
430,319
327,433
356,375
374,120
(56,199)
86.9%
9%
5%
03
Mayor
4,143,651
3,863,399
3,813,280
4,038,135
(105,516)
97.5%
(1)%
6%
04
Human Resources
728,083
647,426
656,847
725,803
(2,280)
99.7%
1%
10%
05
Finance
2,733,016
2,137,628
2,408,087
2,648,628
(84,388)
96.9%
13%
10%
06
Attorney
983,185
530,725
664,913
982,922
(263)
100.0%
25%
48%
07
Recreation
3,282,244
2,937,733
3,048,617
3,093,303
(188,941)
94.2%
4%
1%
08
Comm unity Development
3,671,160
3,209,879
3,283,547
3,508,775
(162,385)
95.6%
2%
7%
09
Municipal Court
1,295,812
1,155,400
1,233,173
1,295,591
(221)
100.0%
7%
5%
10
Police
18,726,049
17,855,697
17,481,118
17,966,627
(759,423)
95.9%
(2)%
3%
11
Fire
12,541,640
11,554,341
12,066,979
12,356,200
(185,440)
98.5%
4%
2%
12
Technology& Innovation Svcs
2,063,671
1,515,832
1,994,956
2,061,595
(2,076)
99.9%
32%0
3%
13
Public Works
3,876,047
3,686,312
3,579,262
3,566,458
(309,589)
92.0%
(3)%0
(0)%
15
Park Maintenance
1,572,214
1,454,172
1,351,422
1,515,219
(56,995)
96.4%
(7)%
12%
16
Street Maintenance & Operations
3,149,643
2,897,968
3,037,318
3,137,645
(11,998)
99.6%
5%
3%
Total Departmental Expenditures
59,196,734
53,773,946
54,975,894
57,271020
(1,925,714)
96.7%
2%
4%
20
Dept20-Transfers
9,470,580
4,501,313
5,476,011
4,164,533
(5,306,047)
44.0%
22%
(24)%
Total Expenditures
68,667,314
58,275,259
60,451,905
61,435,553
(7,231,761)
89.5%
4%
2%
Percent of year completed
100.00%
7
INFORMATIONAL MEMO
Page 4
GENERAL FUND
CITY OF TUKWILA
GENERAL FUND EXPENDITURES
AS OFDECEMBER31,2018
BUDGET
ACTUAL
SUMMARY OF SALARIES AND
BENEFITS
2018 ANNUAL
2016
2017
2018
k CKANGE
BDGT VS
ACTUAL
% IXPE4D6J
2016/2017
2017/2018
11
Salaries
28,076,720
26,300,633
27,163,092
27,508,645
(568,075)
98%
3%
1%
12
Extra Labor
754,693
627,034
653,502
697,233
(57,460)
92%
4%
7%
13
Overtime
1,672,035
1,519,183
1,513,455
1,506,318
(165,717)
90%
(0)%
(0)%
15
Holiday Pay
525,583
437,045
455,024
448,184
(77,399)
85%
4%
(2)%
21
FICA
1,843,684
1,696,260
1,750,049
1,783,129
(60,555)
97%
3%
2%
22
Pens ion-LEOFF2
949,316
881,656
930,131
942,174
(7,142)
99%
5%
1%
23
Pension-PERS/PSERS
1,610,013
1,385,867
1,512,991
1,683,848
73,835
105%
9%
11%
24
Industrial Insurance
941,170
678,200
634,001
637,663
(303,507)
68%
(7)%
1%
25
Medical & Dental
6,397,364
5,583,572
5,597,627
5,478,650
(918,714)
86%
0%
(2)%
26
Unemployment
13,000
40,380
13,639
38,356
25,356
295%
(66)%
181%
28
Uniform/Clothing
10,774
5,002
5,300
5,675
(5,099)
53%
6%
7%
Total Salaries and Benefits
42,794,352
39,154,830
40,228,812
40,729,874
(2,064,478)
95%
3%
1%
Percent of year completed
100.00%
SUMMARY OF SUPPLIES,
SERVICES, AND CAPITAL
BUDGET
ACTUAL
2018 ANNUAL
2016
2017
2018
%EXPE4DED
a CHANGE
BOLT VS
ACTUAL
2016/2017
2017/2018
Transfers
9,470,580
4,501,313
5,476,011
4,164,533
(5,306,047)
44%
22%
(24)%
31
Supplies
1,188,804
1,271,622
1,112,172
1,167,904
(20,900)
96%
(13)%
5%
34
Items Purchased for resale
22,000
22,500
20,530
22,488
488
102%
(9)%
10%
35
Small Tools
97,318
108,922
149,000
94,068
(3,250)
97%
37%
(37)%
41
Professional ices
3,602,177
2,776,466
3,305,544
3,614,648
12,471
100%
19%
9%
42
Communication
436,370
407,499
400,826
439,626
3,256
101%
(2)%
10%
43
Travel
189,880
143,012
168,236
169,229
(20,651)
89%
18%
1%
44
Advertising
51,500
24,222
26,652
35,851
(15,649)
70%
10%
35%
45
Rentals and Leases
2313,870
1,845,849
2,062,559
2,552,779
238,909
110%
12%
24%
46
Insurance
976,992
810,799
888,997
974,066
(2,926)
100%
10%
10%
47
Public Utilities
1,928,305
1,828,751
1,915,730
1,947,025
18,720
101%
5%
2%
48
Repairs and Maintenance
807,488
850,278
662,275
646,619
(160,869)
80%
(22)%
(2)%
49
Miscellaneous
1,566,554
1,032,246
975,296
1,630,974
64,420
104%
(6)%
67%
51
Inter -Governmental
3,191,119
2,698,335
2,940,604
3,079,994
(111,125)
97%
9%
5%
53
Exl Taxes, Oper. Assess
5
12
985
105,984
105,979
2119687%
7925%,
10664%
64
Machinery& Equipment
30,000
798,601
117,679
59,892
29,892
200%
(85)%
(49)%
Total Supplies, Services, and Capital
25,872,962
19,120,429
20,223,094
20,705,679
(5,167,283)
80%
6%
2%
Percentof year completed
100.00 %
8