HomeMy WebLinkAboutCOW 2020-10-26 Item 3B - COVID-19 - Financial Impact ReportITEM INFORMATION
STAFF SPONSOR: VICKY CARLSEN ORIGINAL AGENDA DATE: 10/26/20
AGENDA ITEM TITLE October Financial Update including COVID related data
CATEGORY Motion Resolution Ordinance Bid Award Public Hearing Other Discussion
Mtg Date 10/26/20 Mtg Date Mtg Date Mtg Date Mtg Date Mtg Date Mtg Date
SPONSOR Council Mayor HR DCD Finance Fire TS P&R Police PW Court
SPONSOR’S
SUMMARY
General fund financial update including report out on COVID specific financial impacts as
required in Resolution No. 1987
REVIEWED BY Trans&Infrastructure CommunitySvs/Safety Finance Comm. Planning/Economic Dev.
LTAC Arts Comm. Parks Comm. Planning Comm.
DATE: COMMITTEE CHAIR:
RECOMMENDATIONS:
SPONSOR/ADMIN. Finance
COMMITTEE
COST IMPACT / FUND SOURCE
EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED
$ $ $
Fund Source:
Comments:
RECORD OF COUNCIL ACTION
MTG. DATE ATTACHMENTS
10/26/20 Informational Memorandum dated 10/26/20
COUNCIL AGENDA SYNOPSIS
----------------------------------Initials --------------------------------- ITEM NO.
Meeting Date Prepared by Mayor’s review Council review
10/26/20 Vicky
MTG. DATE
10/26/20
3.B.
7
8
City of Tukwila
Allan Ekberg, Mayor
INFORMATIONAL MEMORANDUM
TO: Finance Committee
FROM: Vicky Carlsen, Finance Director
BY: Jeff Friend, Fiscal Manager
CC: Mayor Ekberg
DATE: October 26, 2020
SUBJECT: General Fund Budget-to-Actuals and COVID-19 Impact Report and
Update to Budget Impacts due to COVID-19
Summary
Resolution 1987 directed financial reporting on COVID-19 impacts twice a month. This report
reflects the following:
- General fund:
o Revenues and Fund Balance as of July 31, 2020
o Expenditures as of August 31, 2020
- Capital projects funds:
o Revenues as of August 31, 2020
o Expenditures as of August 31, 2020
The purpose of the general fund budgets to actuals report is to summarize for the City Council
the general state of revenues and expenditures and to highlight significant items. The following
provides a high-level summary of the general fund financial performance and includes select
capital project funds.
As year-end 2020 approaches, the focus of this report is shifting from a year-to-date
budget-to-actual emphasis to a focus on year-end projections and estimate for ending fund
balance. Projected actuals for year-end are included in this report in place of the “Revised Budget
(COVID-19)” from past reports. The projected actuals include the most recent projections that
were also included in the 2021-202222 proposed biennial budget. The amended budget noted
throughout the report includes the original adopted budget and mid-biennium budget amendments
approved in 2019.
In the report on the next page, General Fund revenues and expenditures are reflected through
July 31st. In order to provide the most up-to-date information, we have provided expenditure
details through August 31st on a separate chart on page 5 of this report.
The General Fund Report is based on financial data available as of October 8, 2020
9
INFORMATIONAL MEMO
Page 2
Revenues, Expenditures, and Fund Balance
CITY OF TUKWILA
GENERAL FUND
As of July 31, 2020
2020 Budget
Amended
Annual
Projected
Year-End Year-to-Date
Projected
vs. YTD
Actual**
Percent of
Projected
Year-End
Revenue
General Revenue
Property Taxes 16,416,911$ 16,306,453$ 8,686,067$ 7,620,386$ 53.3%
Retail Sales Tax 19,910,676 16,210,000 9,859,152 6,350,848 60.8%
Use Tax 690,000 745,000 475,371 269,629 63.8%
Admissions Tax 870,000 550,000 330,905 219,095 60.2%
Utility Taxes 4,374,610 3,444,000 2,448,535 995,465 71.1%
Interfund Utility Tax 2,412,000 2,083,000 1,364,085 718,915 65.5%
Gambling/Excise Taxes 4,426,000 2,337,021 1,776,322 560,699 76.0%
Total General Revenue 49,100,197 41,675,474 24,940,438 16,735,036 59.8%
Licenses and Permits
Business Licenses & Permits 4,612,400 3,515,000 3,133,972 381,028 89.2%
Rental Housing License 45,000 45,000 41,075 3,925 91.3%
Building Permits and Fees 2,127,494 2,318,550 957,979 1,360,571 41.3%
Total Licenses and Permits 6,784,894 5,878,550 4,133,026 1,745,524 70.3%
Intergovernmental Revenue
Seattle City Light Agreement 2,470,000 2,300,000 1,429,040 870,960 62.1%
State Entitlements 446,250 471,088 389,782 81,306 82.7%
Grants 1,006,117 1,286,441 122,979 1,163,462 9.6%
Total Intergov't Revenue 3,922,367 4,057,529 1,941,802 2,115,727 47.9%
Charges for Services
General Government 58,532 24,694 17,276 7,418 70.0%
Security 1,622,000 989,405 830,051 159,354 83.9%
Transportation 79,000 64,000 980 63,020 1.5%
Plan Check and Review Fees 1,168,675 939,019 475,423 463,596 50.6%
Culture and Rec Fees 601,000 84,221 59,691 24,530 70.9%
Total Charges for Services 3,529,207 2,101,339 1,383,421 717,919 65.8%
Fines and Penalties 291,718 114,129 62,490 51,639 54.8%
Miscellaneous Revenue 1,214,156 855,493 621,920 233,573 72.7%
Indirect cost allocation 2,637,288 2,637,288 1,538,419 1,098,869 58.3%
Ongoing Revenue 67,479,827 57,319,802 34,621,514 22,698,288 60.4%
Transfer from Contingency - 700,000 - 700,000 0.00%
Transfer from Urban Renewal 200,000 400,000 - 400,000 0.00%
Total Revenue 67,679,827 58,419,802 34,621,514 23,798,288 59.3%
2020 Actuals Variance
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INFORMATIONAL MEMO
Page 3
The City’s financial reserve policy states that unreserved general fund ending fund balance shall
equal or exceed 18% of the previous year general fund revenue. Projected ending fund balance
exceeds the balance of $11,598,531 required by the City’s reserve policy by $32,819.
For the 2021-2022 biennial budget, staff is recommending a conservative approach of maintaining
an unreserved fund balance 18% required by the reserve policy based on the 2019 requirement.
This is a conservative approach that will reduce the amounts to be contributed to the fund balance
in future years as the required balance will increase along with higher revenues.
CITY OF TUKWILA
GENERAL FUND
As of July 31, 2020
2020 Budget
Amended
Annual
Projected
Year-End Year-to-Date
Projected
vs. YTD
Actual**
Percent of
Projected
Year-End
Expenditures
City Council 439,772 342,625 202,773 139,852 59.2%
Mayor's Office 2,652,852 2,264,430 1,322,880 941,550 58.4%
Administrative Services 2,180,956 2,004,121 1,082,605 921,516 54.0%
Finance 2,753,260 2,455,838 1,537,610 918,228 62.6%
Legal 710,730 640,650 313,931 326,719 49.0%
Recreation 3,354,374 2,491,792 1,507,195 984,597 60.5%
Parks Maintenance 1,656,398 1,551,770 929,055 622,715 59.9%
Community Development 3,611,354 3,059,742 1,836,301 1,223,441 60.0%
Court 1,330,951 1,271,031 742,674 528,357 58.4%
Police 19,194,006 17,374,568 10,108,359 7,266,209 58.2%
Fire 13,118,888 12,572,538 7,220,419 5,352,119 57.4%
Information Technology 2,099,687 1,895,154 962,007 933,147 50.8%
Public Works 4,043,635 3,538,340 2,141,552 1,396,788 60.5%
PW Street Maintenance 3,255,276 2,765,482 1,971,999 793,483 71.3%
Total Department Expenditures 60,402,139 54,228,081 31,879,359 22,348,722 58.8%
Transfers - Debt Service 3,637,190 3,570,421 1,918,215 1,652,206 53.7%
Transfers - Capital, Other 3,471,950 1,121,950 150,000 971,950 13.4%
Transfers - Contingency 210,000 - - - 0.0%
Total Transfers 7,319,140 4,692,371 2,068,215 2,624,156 44.1%
Total Expenditures 67,721,279 58,920,452 33,947,574 24,972,879 57.6%
Change in Fund Balance (41,452) (500,651)
Beginning Fund Balance 13,828,530 12,132,001
Ending Fund Balance 13,787,078$ 11,631,350$
Percent of year completed: 58.3%
** This column reflects amounts needed to be collected/expended to meet year-end projections
2020 Actuals Variance
11
INFORMATIONAL MEMO
Page 4
Total General Fund revenue through July 31st was $34.6 million. In order to meet year-end
revenue projections, the City will need to receive $23.8 million more in revenue over the final five
months of the year.
Sales tax revenue through July is $9.9 million. In order to meet the year-end projection of $16.2
million the City is expected to collect an additional $6.4 million by year-end.
Sales tax revenues continues to creep up to prior year levels. July reported a 9.6% reduction in
sales tax revenues when compared to the same period last year. This is the lowest decline since
February 2020. In addition to narrowing the revenue gap, an overall increase in revenues has
been reported month after month since April.
The table below compares 2019 and 2020 monthly sales tax revenues.
Sales Tax
Revenues
2019 2020 $ Change % Change
Jan 1,376,700 1,478,671 101,972 7.4%
Feb 1,321,327 1,147,961 (173,367) -13.1%
Mar 1,700,887 1,325,708 (375,179) -22.1%
Apr 1,543,385 991,702 (551,684) -35.7%
May 1,541,774 1,156,386 (385,388) -25.0%
Jun 1,870,205 1,230,374 (639,831) -34.2%
Jul 1,686,655 1,524,692 (161,963) -9.6%
12
INFORMATIONAL MEMO
Page 5
Expenditures
To provide the most up-to-date information possible, general fund expenditures have been
updated through August 31st in the following chart. Expenditures totaled $38.6 million through
August,. Departments project to expend approximately $20.4 million additional before the end of
the year.
CITY OF TUKWILA
GENERAL FUND
As of August 31, 2020
2020 Budget
Amended
Annual
Projected
Year-End Year-to-Date
Projected
vs. YTD
Actual**
Projected
vs. YTD
Actual
Expenditures
City Council 439,772 342,625 229,838 112,787 67.1%
Mayor's Office 2,652,852 2,264,430 1,495,344 769,086 66.0%
Administrative Services 2,180,956 2,004,121 1,279,096 725,025 63.8%
Finance 2,753,260 2,455,838 1,711,563 744,275 69.7%
Legal 710,730 640,650 349,016 291,634 54.5%
Recreation 3,354,374 2,491,792 1,691,877 799,915 67.9%
Parks Maintenance 1,656,398 1,551,770 1,022,702 529,068 65.9%
Community Development 3,611,354 3,059,742 2,057,895 1,001,847 67.3%
Court 1,330,951 1,271,031 838,344 432,687 66.0%
Police 19,194,006 17,374,568 11,646,550 5,728,018 67.0%
Fire 13,118,888 12,572,538 8,192,493 4,380,045 65.2%
Information Technology 2,099,687 1,895,154 1,087,972 807,182 57.4%
Public Works 4,043,635 3,538,340 2,376,205 1,162,135 67.2%
PW Street Maintenance 3,255,276 2,765,482 2,178,043 587,439 78.8%
Total Department Expenditures 60,402,139 54,228,081 36,156,937 18,071,144 66.7%
Transfers - Debt Service 3,637,190 3,570,421 1,918,215 1,652,206 53.7%
Transfers - Capital, Other 3,471,950 1,121,950 478,137 643,813 42.6%
Transfers - Contingency 210,000 - - - 0.00%
Total Transfers 7,319,140 4,692,371 2,396,352 2,296,020 51.1%
Total Expenditures 67,721,279 58,920,452 38,553,289 20,367,164 65.4%
Percent of year completed: 66.7%
** This column reflects amounts needed to be collected/expended to meet year-end projections
2020 Actuals Variance
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INFORMATIONAL MEMO
Page 6
Overtime
Police and Fire accounted for $704 thousand of the $735 of overtime expenditures through
August. The public safety departments began the year with overtime at pre-pandemic levels and
reduced their overtime when budget constraints were introduced in March 2020. Increased
overtime in May, June and July were the results of maintaining minimum staffing levels in the fire
department as well as some overtime incurred related to the lootings and protests occurring in
the City. It should also be noted that some contractual overtime incurred by the Police department
is reimbursable and the City is currently working those calculations.
Lootings
Twenty-six businesses were broken into at the end of May and beginning of June. The mass
lootings required a strong police presence that resulted in overtime costs. Fire staff were also on
standby while Public Works incurred some costs related to closing streets.
Transfers
The transfers line includes budgeted transfers for debt service and certain capital projects.
Transfers through August account for only 32.7% of the amended budget. It should be noted,
because of existing funds in the PW Shops fund, no transfers from the general fund for this project
have been required to date. The proposed 2021-2022 biennial budget includes a plan to finance
the general fund portion of this project rather than utilizing a pays-as-you go approach.
COVID Expenditures
General Fund expenditures related to the COVID-19 pandemic began to be incurred in March.
These expenditures totaled $600,396 through August 31st and are reported by department in the
schedule below. COVID related expenditures in salaries and benefits include time dedicated to
the emergency operations center (EOC) as well as time spent analyzing the financial impacts of
the pandemic. Overtime and supplies are for time outside of normal operations spent in the EOC
as well as time responding directly to COVID-19 related activities. Supplies are for additional
PPE and disinfectant supplies.
Unbudgeted costs can be applied against CARES Act funding or FEMA funding and will not affect
ending fund balance. Budgeted salaries and benefits for time that has been redirected to
responding to the pandemic could qualify for reimbursement from CARES Act funding. Any
reimbursement for budgeted salaries and benefits would reduce the need for contingency funds
because the City had not received confirmation that CARES Act funding would be available.
BUDGETED UNBUDGETED BUDGETED UNBUDGETED
Department
Salaries and
Benefits Overtime
Salaries and
Benefits Overtime Total
Police -$ 24,994$ -$ 36,573$ 61,567$
Fire - 435 - 1,003 1,438
Street Maintenance - - 2,064 - 2,064
Total -$ 25,429$ 2,064$ 37,576$ 65,069$
MAY JUNE
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INFORMATIONAL MEMO
Page 7
Reimbursement of these costs were not included in the proposal to close the $10.2 million
revenue gap.
In addition to COVID spending in the general fund, the Public Safety Plan has incurred
approximately $650 thousand to date in costs directly related to the pandemic. Because these
costs are associated with COVID-19, the City is able to request reimbursement from CARES Act
funding to cover these costs. It should be noted that the change orders specific to COVID-19
were funded with contingency that is built into the project budgets. The change orders are not
increasing the total budget allocated to each project.
BUDGETED
Department Salaries and
Benefits
Overtime
and Benefits
Supplies Department
Total
General Fund
Council 1,784$ -$ 338$ 2,122$
Mayor 77,618 - 299 77,918
Admin Services 39,658 - 405 40,062
Finance 39,434 386 465 40,285
Recreation 291,720 - 16,306 308,026
DCD 3,712 - 1,367 5,078
Court 114 137 3,494 3,745
Police 18,600 4,379 11,940 34,920
Fire 16,572 8,318 13,440 38,331
TIS 390 - 45 435
Public Works 6,673 318 13,850 20,841
Park Maintenance 28,633 - - 28,633
Street Maintenance - - - -
Total General Fund 524,908$ 13,538$ 61,950$ 600,396$
UNBUDGETED
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INFORMATIONAL MEMO
Page 8
COVID-19 Related Grants Available to the City
There are several grant opportunities now available to the City to offset some of the costs incurred
related to the pandemic. Below is a chart listing grant opportunities as well as what the funds
may be used for. It should be noted that all of the grants are reimbursement and cannot be used
to offset loss of revenue.
The State released information on the 2nd round of CARES Act funding. The City has been notified
that we will receive an additional $313,950 for total CARES Act funding of $941,850.
Grant Amount Eligible Uses Status
CARES Act
through Dept. of
Commerce
$941,850 - Expenditures incurred
directly related to
responding to COVID-19
(supplies, overtime,
regular time that has
substantially shifted focus
to the pandemic,
unemployment, etc.)
- Providing economic support
to those suffering from
unemployment
- Providing economic support
to business interruptions
Contract has been
signed and returned to
Department of
Commerce for full
execution
FEMA No cap, reimburses
75% of expenditures
not covered with
other resources
Unbudgeted expenditures incurred
directly related to responding to
COVID-19
Contract completed.
Can submit for
reimbursement at any
time
FEMA -
CARES
To be determined Assistance to food pantry In process
King County $31,965 Assistance to small businesses On June 19th, the City
was notified that we
are eligible to receive
$31,965. On August
3, 2020, the Planning
& Economic
Development
Committee authorized
staff to accept the
grant and use the
funds for direct grants
to very small
businesses with a
focus on the Tukwila
International Blvd.
area
CESF – Dept.
of Justice
Assistance
$49,000 Expenditures incurred directly
related to responding to COVID-
19
Grant has been
awarded. Contract is
being processed
EFSP
Emergency
City of Tukwila does
not qualify for this
grant
Supplement existing emergency
food & shelter program
Forwarded to TCS
and Tukwila Pantry
16
INFORMATIONAL MEMO
Page 9
Food & Shelter
Prog
HungerCorps
VISTA
AmeriCorps
Four VISTA
AmeriCorps
HungerCorps
students. Value:
35,500
HungerCorps will assist
Recreation staff to distribute food
as part of the mobile recreation
program
Contract awarded
Port of Seattle $20,930 total grant
application
Application included residential
component within digital media
program to grow tourism,
development attraction, etc.
Suggestion has been made to
revise application to focus more
on business recovery and direct
$7,000 of the total $20,930
application to business recovery.
Additional information can be
found in item 1a on the July 6,
2020 Planning & Economic
Development Committee meeting
Recommended
revisions approved by
Planning & Economic
Development
Committee on July 7,
2020
17
INFORMATIONAL MEMO
Page 10
Selected Capital Projects Funds
Financial analysis regarding the impacts of the COVID-19 pandemic include ongoing review of
certain capital projects funds including residential streets (fund 103), arterial streets (fund 104),
and general government improvements (fund 303). The narrative below highlights planned capital
projects along with decisions that have already been made and decision points for future
meetings. The narrative is followed by financial statements reflecting activity through August 31,
2020. The statements have been reformatted to focus on projected year-end rather than a budget
to actual comparison.
Residential Streets
The most impactful issue in this fund relates to the 42nd Ave S and 53rd Ave S roadway projects.
Both projects are completed and are awaiting final closeout and payments to contractors. Project
costs for 2020 have been updated to reflect final estimated costs. At this time, a budget
amendment will be required in order to provide enough funding to pay for the final costs
associated with these two projects. The solution identified will not negatively affect the general
fund.
Thee proposed budget amendment includes two transfers into this fund. A transfer of $400
thousand from the urban renewal fund. Prior year land sale revenue is available for one-time
projects. Additionally, the amendment will reallocate the solid waste utility tax revenue (funds
dedicated to road projects) to these two projects. Funds were originally committed to the 42 nd
Ave S Bridge project for 30% design that was expected to be completed earlier this year. It is
now expected that these costs will be incurred in 2021, if approved in the proposed 2021-2022
biennial budget.
Arterial Streets
42nd Ave S Bridge: The City Council authorized funding of up to $1 million ($320 thousand
general fund, $680 thousand solid waste utility tax) for 30% design. If approved, most of the cost
associated with this project will be incurred in 2021. With the delay in design, the solid waste
utility tax revenue will be reallocated to the residential street fund in 2020. This will be included
in the 2020 budget amendments.
S 119th St Ped Bridge painting: Not funding this project will only delay the project, not cancel it.
There is a limited window of opportunity to paint the bridge due to weather and fish cycles. This
project has now been scheduled for 2024 and is included in the proposed Capital Improvement
Program.
Overlay: At the June 8, 2020 Committee of the Whole meeting, there was Council consensus to
move forward with the recommendation from the Transportation & Infrastructure Committee to
fund the two highest priority overlay projects. Overlay has been completed for 2020 and is in the
closeout process.
General Government Improvement
Siding repair at TCC: this project is underway and an update on the project will be provided at a
later date.
Facilities Study: This project is also funded out of the general government improvement. Staff is
reworking the scope of this project per comments received from City Council at the June 8, 2020
Committee of the Whole meeting.
18
INFORMATIONAL MEMO
Page 11
Amended
Annual
Budget
REVENUE:
General Revenue
Solid Waste/Recycling Utility Tax - 550,000 40,651 509,349 7.4%
Total Intergovernmental Revenue - 550,000 40,651 509,349 0
Intergovernmental Revenue
Indirect Federal - SRTS 3,454,000 - - - 0%
State Grant - Macadam 1,847,000 - - - 0%
State Entitlements - MVFT Cities 290,000 170,000 169,585 415 99.8%
Total Intergovernmental Revenue 5,591,000 170,000 169,585 415 99.8%
Miscellaneous Revenue
** Charges for services - - 134,682 (134,682) 0.0%
Investment earnings 20,000 - - - 0.0%
Total Miscellaneous Revenue 20,000 - 134,682 (134,682) 0.0%
Transfers In 100,000 400,000 - 400,000 0.0%
Total Revenues 5,711,000 1,120,000 344,919 775,081 30.8%
EXPENDITURES:
46thAve Safe Routes to School 1,832,000 - - - 0.0%
Macadam Rd S Complete Street 1,847,000 - - - 0.0%
S 152nd St Safe Routes to School 1,622,000 - - - 0.0%
Traffic Calming/Residential Safety 400,000 50,000 34,895 15,105 69.8%
53rd Ave S - 500,000 228,532 271,468 45.7%
42nd Ave S Ph III Wetland Monitoring - 3,011 3,011 0 100.0%
42nd Ave S Phase III (SC Blvd-160)- 593,763 346,682 247,081 58.4%
Interfund Loan Repayment - - 0.0%
Total Expenditures 5,701,000 1,146,774 613,120 533,654 53.5%
Change in fund balances 10,000 (26,774)
Beginning Fund Balance 51,544 141,586
Ending Fund Balance 61,544 114,812
** This column reflects amounts needed to be collected/expended to meet year-end projections
City of Tukwila
Residential Street Fund 103 - Revenue and Expenditures
Year-to-Date as of August 31, 2020
Projected vs.
YTD Actual**
Percent of
Projected
Year-End
Actual Year-to-
Date Actual
Projected Year-
End
2020
19
INFORMATIONAL MEMO
Page 12
Amended
Annual
Budget
REVENUE:
General Revenue
Parking Tax 470,000 200,026 156,052 43,974 78.0%
MVFT Cities 137,000 92,483 85,574 6,909 92.5%
Real Estate Excise Taxes 500,000 500,000 172,628 327,372 34.5%
Total General Revenue 1,107,000 792,509 414,254 378,255 52.3%
Charges for Services
Park impact Fees 300,000 - - - 0.0%
Traffic Impact Fees 213,000 70,564 80,724 (10,160) 114.4%
Total Charges for Services 513,000 70,564 80,724 (10,160) 114.4%
Intergovernmental Revenue
Federal Grants 6,724,000 2,811,834 166,869 2,644,965 5.9%
State Grants 2,253,000 160,000 130,577 29,423 81.6%
Total Charges for Services 8,977,000 2,971,834 297,447 2,674,387 10.0%
Miscellaneous Revenue
Investment earnings 20,000 20,000 12,274 7,726 61.4%
Contributions/Donations 30,000 17,533 11,000 6,533 62.7%
Total Miscellaneous Revenue 50,000 37,533 23,274 14,259 62.0%
Total Revenues 10,647,000 3,872,440 815,698 3,056,742 21.1%
EXPENDITURES:
Overhead (Salaries & Benefits)485,382 - 178,806 (178,806) 0.0%
Wetland Monitoring (various) - 40,000 21,767 18,233 54.4%
BAR over Airport Way Seismic Retrofit 2,614,000 1,441,000 89,308 1,351,692 6.2%
TIB Characterization Study - 19,920 19,920 0 100.0%
Transportation Comp Element Plan - 200,000 1,338 198,662 0.7%
TUC Ped/Bicycle Bridge - 1,505 1,505 (0) 100.0%
Boeing Access Road Bridge Rehab - 16 16 0.0%
Strander Boulevard Extension 877,566 625,000 2,795 622,205 0.4%
S 144th ST Phase II - 161 95,872 (95,711) 59547.9%
S 196th/200th St Bridge - 1,304 1,304 0 100.0%
West Valley Highw ay 3,195,000 509,000 270,164 238,836 53.1%
42nd Ave S Bridge Replacement 1,600,000 200,000 1,912 198,088 1.0%
Annual Overlay 1,400,000 517,000 173,364 343,636 33.5%
Annual Bridge Inspections 335,000 335,000 5,250 329,750 1.6%
Annual Traffic Signals 125,000 62,000 3,852 58,148 6.2%
Other Misc. Capital Projects 792,000 2,025 2,313 (288) 114.2%
Transfer Park Impact Fees to 301 - 675,106 - 675,106 0.0%
Total Expenditures 11,423,948 4,629,037 869,472 3,759,566 18.8%
Change in fund balances (776,948) (756,597)
Beginning Fund Balance 1,187,826 2,083,854
Ending Fund Balance 410,878 1,327,257
** This column reflects amounts needed to be collected/expended to meet year-end projections
Projected Year-
End
Actual Year-
to-Date
Actual
Projected vs.
YTD Actual**
Percent of
Projected
Year-End
2020
Year-to-Date as of August 31, 2020
City of Tukwila
Arterial Street Fund 104 - Revenue and Expenditures
20
INFORMATIONAL MEMO
Page 13
Amended
Annual
Budget
REVENUE:
Miscellaneous Revenue
Investment earnings 500 4,000 3,875 (125) 96.9%
Total Miscellaneous Revenue 500 4,000 3,875 (125) 96.9%
Transfers In 200,000 - - - 0.0%
Total Revenues 200,500 4,000 3,875 (125) 1.9%
EXPENDITURES:
City Hall Siding/Roof Repair 50,000 - - - 0.0%
TCC Siding/Roof Repair 100,000 128,601 - (128,601) 0.0%
2020 Facilities Study 300,000 - - - 0.0%
Misc. Projects (including salaries & benefits) 208,015 31,684 31,684 0.00 100.0%
Install No Parking Signs at 6200/6300 Bldg 2,026 2,026
6300 Bldg. Dry Fire Sprinkler System 29,658 29,658
Total Expenditures 658,015 160,285 31,684 (128,601) 19.8%
Change in fund balances (457,515) (156,285)
Beginning Fund Balance 525,166 656,306
Ending Fund Balance 67,651 500,021
** This column reflects amounts needed to be collected/expended to meet year-end projections
City of Tukwila
General Government Improvements Fund 303 - Revenue and Expenditures
Year-to-Date as of August 31, 2020
Projected
Year-End
2020
Projected vs.
YTD Actual**
Percent of
Projected
Year-End
Actual Year-to-
Date Actual
21