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HomeMy WebLinkAboutFIN 2019-11-12 Item 2B - Update - 2019 3rd Quarter General FundCity of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Finance Committee CC: Mayor Ekberg FROM: Vicky Carlsen, Finance Director BY: Jeff Friend, Fiscal Manager DATE: November 5, 2019 SUBJECT: 2019 3rd Quarter General Fund Update The purpose of the 2019 311 Quarter General Fund Update is to provide financial results and highlight significant items or trends for the General Fund. The update is based on financial data available as of November 3, 2019 for the reporting period ending September 30, 2019. As September 2019 sales tax data is unknown as of the current date, a conservative estimate has been made. Allocated budgets are calculated based on the patterns of revenue received and expenditures made in the previous year with the current year budget allocated using the same patterns. Additional details can be found in the attached financial reports. General Fund The General Fund is the City's largest fund and accounts for most City resources and services including governance, public safety, and administration. Revenues Based on data available November 51h, 2019 (with sales tax for September estimated), Total Revenue through September is $46.1 million; $175.7 thousand more than the allocated budget of $46.0 million. 0. INFORMATIONAL MEMO Page 2 GENERAL FUND REVENUE CITY OF TUKW ILA YTDAS OFSEPTEMBER 30, 2019 BUDGET ACTUAL % CHANGE SUMMARY BY REVENUE TYPE 2019 2019 2019 ANNUAL ANNUAL ALLOCATED 2017 2018 2019 BDGT %REC'D 2017/2018 2018/2019 PROPERTYTAX 15,923,442 8,923,566 8,136,439 8,545,729 9,012,233 88,667 57% 5% 5% SALES TAX' 20,444,000 15,017,906 13,591,220 15,053,433 14,652,796 (365,111) 72% 11% (3)% ADMISSIONS TAX 850,000 615,770 565,003 776,570 733,392 117,622 86% 37% (6)% UTILITYTAX 4,338,200 3,324,225 3,218,288 3,051,981 2,844,000 (480,226) 66% (5)% (7)% INTERFUND UTILITY TAX 2,373,000 1,985,471 1,877,158 1,947,248 1,980,909 (4,562) 83% 4% 2% GAMBLING & EXCISE TAX 4,426,000 3,256,944 2,973,421 2,872,936 3,005,411 (251,532) 68% (3)% 5% TOTAL GENERAL REVENUE 48,354,642 33,123,883 30,361,529 32,247,897 32,228,741 (895,142) 67% 6% (0)% BUSINESS LICENSES 3,547,400 2,528,749 2,426,417 2,720,742 3,106,257 577,508 88% 12% 14% RENTAL HOUSING 45,000 34,089 41,220 49,160 36,175 2,086 80% 19% (26)% BUILDING PERMITS 2,122,494 1,464,131 1,179,158 1,366,522 1,645,927 181,796 78% 16% 20% TOTAL LICENSES AND PERMITS 5,714,894 4,026,969 3,646,795 4,136,424 4,788,359 761,390 84% 13% 16% SALES TAX MITIGATION 840,000 639,634 820,163 781,130 655,127 15,493 78% (5)% (16)% FRANCHISE FEE 2,399,500 1,863,942 1,621,568 1,771,146 1,851,253 (12,689) 77% 9% 5% GRANT REVENUE 907,940 511,178 566,843 357,306 523,611 12,433 58% (37)% 47% STATE ENTITLEMENTS 405,250 307,764 301,153 329,178 365,432 57,668 90% 9% 11% INTERGOVERNMENTAL 576,754 473,274 479,583 533,099 550,586 77,312 95% 11% 3% TOTAL INTERGOVERNMENTAL REVENUE 5,129,444 3,795,792 3,789,310 3,771,859 3,946,009 150,217 77% (0)% 5% GENERAL GOVERNMENT 57,532 44,796 38,984 22,878 43,646 (1,150) 76% (41)% 91% SECURITY 660,500 583,155 433,574 254,147 540,960 (42,195) 82% (41)% 113% TRANSPORTATION 79,000 221,471 21,527 840 221,241 (229) 280% (96)% 26229% PLAN CHECK AND REVIEW FEES 1,148,675 862,561 603,989 917,711 1,150,752 288,191 100% 52% 25% CULTURE AND RECFEES 601,000 474,876 421,944 417,873 388,267 (86,609) 65% (1)% (7)% TOTAL CHARGES FOR SERVICES 2,546,707 2,186,859 1,520,018 1,613,450 2,344,867 158,008 92% 6% 45% FINES & PENALTIES 329,218 242,057 221,116 208,221 153,810 (88,247) 47% (6)% (26)% MISC 1,160,542 675,706 794,606 1,735,525 765,208 89,502 66% 118% (56)% INDIRECT COST ALLOCATION 2,545,645 1,909,234 1,709,294 1,744,232 1,909,233 (1) 75% 2% 9% TOTAL OTHER INCOME 4,035,405 2,826,996 2,725,015 3,687,979 2,828,251 1,255 70% 35% (23)% TOTAL OPERATING REVENUE 65,781,092 45,960,499 42,042,667 45,457,607 46,136,226 175,727 70% 8% 1% TRANSFERS IN 200,000 - - - - - 0% 0% 0% TOTAL REVENUE 65,981,092 45,960,499 42,042,667 45,457,607 46,136,226 175,727 70% 0 0 'Estimated Percent of year 75% A INFORMATIONAL MEMO Page 3 Expenditures Unbudgeted, Unplanned Events Code Violations During the first quarter, it was discovered that a local business's production plant violated numerous building codes. As a result, the City expects to receive a total of $79.71K for associated costs related to inspections, reviews, and consulting. Andover Park East Propane Leak In June, faulty piping in a large propane tank on Andover Park East was discovered which required the safe burn off of vapors remaining after the removal of the liquid gas. On August 16, the party responsible for the propane system was billed $21,707 to reimburse the city for costs associated with the event. Department Labor Benefits Materials Total Police $ 1,532 $ 262 $ 1,666 $ 3,461 Fire 8,409 2,397 707 11,512 Street Maintenance 4,161 2,037 - 6,198 Water 436 100 536 Total $ 14,538 $ 4,796 $ 2,373 $ 21,707 Snow Events During the month of February, the City experienced two winter snowstorms. Unbudgeted costs related to the snow events are as follows: Department Overtime and Benefits Materials Combined Police $ 143 $ 143 Fire 30,313 285 30,598 Public Works 286 286 Park Maintenance 452 452 Street Maintenance 19,463 79,637 99,100 Total I $ 49,7761 $ 80,803 $ 130,579 East Marginal Way Power Pole Accident On April 51h, there was a large accident where numerous power poles fell over on East Marginal Way. Current estimates for this incident are as follows: Department Overtime and Benefits Repairs and Maintenance Combined Street Maintenance and Operations $ 30,281 $ 280,416 $ 310,697 A claim totaling $310.7K has been initiated with the Washington Cities Insurance Authority (WCIA) for reimbursement of the current estimated expenditures. A check was received in June for $178.9K (75%) with the balance to be received later. rA INFORMATIONAL MEMO Page 4 Year -to -Date Departmental Expenditures GENERAL FUND CITY OF TUKW ILA GENERAL FUND EXPENDITURES YTD AS OF SEPTEMBER 30, 2019 BUDGET ACTUAL COMPARISON OF RESULTS ACTUAL SUMMARY OF EXPENDITURES BY DEPARTMENT OVER/(UNDER) % CHANGE 2019 ALLOCATED % 2019 ANNUAL ALLOCATED 2017 2018 2019 BDGT EXPENDED 2017/2018 2018/2019 01 City Council 432,111 308,814 249,547 271,040 272,796 (36,018) 63% 9% 1% 03 Mayor 2,595,514 1,794,969 1,701,538 1,913,455 1,783,577 (11,392) 69% 12% (7)% 04 Administrative Services 2,111,509 1,588,172 1,386,088 1,454,382 1,408,765 (179,408) 67% 5% (3)% 05 Finance 2,671,195 2,104,103 1,856,953 2,450,011 1,844,087 (260,016) 69% 32% (25)% 06 Attorney 710,730 514,822 379,561 665,546 475,831 (38,991) 67% 75% (29)% 07 Recreation 3,294,138 2,472,884 2,347,060 2,336,622 2,472,207 (676) 75% (0)% 6% 08 Community Development 3,511,558 2,590,677 2,415,559 2,496,334 2,641,432 50,755 75% 3% 6% 09 Municipal Court 1,298,228 969,389 905,443 964,604 958,382 (11,007) 74% 7% (1)% 10 Police 19,427,613 14,444,807 13,089,242 13,255,256 14,003,004 (441,803) 72% 1% 6% 11 Fire 12,473,387 9,125,383 8,790,067 9,261,114 9,514,633 389,250 76% 5% 3% 12 Technology& Innovation Svcs 2,043,934 1,498,821 1,256,059 1,519,133 1,440,304 (58,517) 70% 21% (5)% 13 Public Works 3,948,613 2,933,664 2,646,766 2,639,959 2,791,322 (142,342) 71 % (0)% 6% 15 Park Maintenance 1,630,586 1,275,735 1,075,979 1,134,680 1,273,950 (1,784) 78% 5% 12% 16 Street Maintenance&Operations 3,354,733 2,738,615 2,421,350 2,505,786 3,167,826 429,211 94% 3% 26% 59,503,849 44,360,855 40,521,212 42,867,921 44,048,117 (312,738) 74% 6% 3% Subtotal Transfers Outto: Residential Street 1,300,000 1,300,000 - - 1,300,000 100% - - Arterial Street 450,000 - - - Contingency Fund 58,568 - - - - - Debt Service 4,033,861 2,746,490 2,014,503 3,486,589 2,746,490 68% 73% (21)% Land Acq., Rec and Park Dev 19,600 19,600 122,190 - 19,600 100% - - General Government Improvements 200,000 150,000 150,000 150,000 150,000 75% 0% 0% Golf Course 300,000 225,000 225,000 225,000 225,000 75% 0% 0% 1 6,362,029 4,441,090 1 2,511,693 3,861,589 4,441,090 70% 54% 15% Total Dept 20 Transfers Out Total Expenditures 1 65,865,878 48,801,945 143,032,905 46,729,510 48,489,206 1 (312,738) 74% 9% 4% Percent of year completed 75% Major variances were: Community Development is $50.81K over allocated budget through September. Professional Services expenditures ($171.4K over allocated budget) have been greater than anticipated in the budget. The budget had assumed development activity would slow in 2019; however, this has not been the case. Therefore, services directly related to development activity, such as peer review, that are typically outsourced, are now over budget. It should be noted that a large portion of Professional Services are revenue -backed. Repairs and Maintenance expenditures have not been significantly incurred ($39.5K under allocated budget) while Miscellaneous Expenditures ($32.9K under allocated budget) have also not been incurred at the level anticipated. Fire is $389.31K over budget. Salaries and benefits were $499.51K over budget resulting from three retirement payouts in June ($53K), unbudgeted pipeline positions ($214.6K) as well as overtime costs and related benefits that were over budget through September ($231.9K). Services and supplies were under budget by about $110.7K partially offsetting the amount the department was over budget on salaries and benefits. As of the May 28th Finance Committee meeting, the Finance Committee began an ongoing analysis of options to address the Fire operating budget issues. The topic was forwarded to the City Council of the Whole meeting on September 91h Rl INFORMATIONAL MEMO Page 5 Street Maintenance and Operations was $429K over budget through September primarily due to overtime and supplies costs related to the snow events and the East Marginal Way power pole event. Purchases of supplies to replenish street maintenance inventory also contributed to the variance. This includes salt brine and sand ($37.2K), aluminum poles and luminaries ($25.4K), Malfunction Monitoring Units ($16K), pedestrian push buttons ($11.7K) and other miscellaneous items ($21.5K). Department Overtime and Benefits Materials Total Snow $ 19,463 $ 79,637 $ 99,100 Power Poles* 13,297 230,6S7 243,9S4 Total $ 32,760 $ 310,294 $ 343,054 *Costs to be reimbursed by WCIA ti�