HomeMy WebLinkAboutCOW 2021-02-08 Item 5B - COVID-19 - Financial Impact ReportITEM INFORMATION
STAFF SPONSOR: VICKY CARLSEN ORIGINAL AGENDA DATE: 2/8/21
AGENDA ITEM TITLE November Financial Update including COVID-19 related data
CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other
Mtg Date 2/8/21 Mtg Date Mtg Date Mtg Date Mtg Date Mtg Date Mtg Date
SPONSOR Council Mayor Admin Svcs DCD Finance Fire P&R Police PW
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 Svcs Community Svcs/Safety Finance & Governance Planning & Community Dev.
LTAC Arts Comm. Parks Comm. Planning Comm.
DATE: N/A COMMITTEE CHAIR:
RECOMMENDATIONS:
SPONSOR/ADMIN. Finance
COMMITTEE N/A
COST IMPACT / FUND SOURCE
EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED
$ $ $
Fund Source:
Comments:
MTG. DATE RECORD OF COUNCIL ACTION
2/8/21
MTG. DATE ATTACHMENTS
2/8/21 Informational Memorandum 1/25/21
COUNCIL AGENDA SYNOPSIS
----------------------------------Initials --------------------------------- ITEM NO.
Meeting Date Prepared by Mayor’s review Council review
2/8/21 VICKY 5.B.
29
30
City of Tukwila
Allan Ekberg, Mayor
INFORMATIONAL MEMORANDUM
TO: Finance Committee
FROM: Vicky Carlsen, Finance Director
CC: Mayor Ekberg
DATE: January 25, 2021
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 November 30, 2020
o Expenditures as of November 30, 2020
- Capital projects funds:
o Revenues as of November 30, 2020
o Expenditures as of November 30, 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 2021-2022 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
November 30th, 2020.
The General Fund Report is based on financial data available as of February 1, 2021.
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INFORMATIONAL MEMO
Page 2
Revenues, Expenditures, and Fund Balance
CITY OF TUKWILA
GENERAL FUND
As of November 30, 2020
2019
Year-to-Date
Actuals
Amended
Annual
Budget
Projected
Year-End
Actuals
Year-to-Date
Actuals
Projected
vs. YTD
Actual**
Percent of
Projected
Year-End
Revenue
General Revenue
Property Taxes 15,512,169$ 16,416,911$ 16,306,453$ 16,199,384$ 107,069$ 99.3%
Retail Sales Tax 17,777,629 19,910,676 16,210,000 14,482,670 1,727,330 89.3%
Use Tax 660,435 690,000 745,000 751,820 (6,820) 100.9%
Admissions Tax 865,148 870,000 550,000 336,114 213,886 61.1%
Utility Taxes 3,342,085 4,924,610 3,444,000 3,838,791 (394,791) 111.5%
Interfund Utility Tax 2,231,882 2,412,000 2,083,000 2,030,917 52,083 97.5%
Gambling/Excise Taxes 4,034,913 4,426,000 2,337,021 2,701,583 (364,562) 115.6%
Total General Revenue 44,424,261 49,650,197 41,675,474 40,341,278 1,334,196 96.8%
Licenses and Permits
Business Licenses & Permits 3,494,662 4,612,400 3,515,000 4,655,312 (1,140,312) 132.4%
Rental Housing License 36,533 45,000 45,000 44,045 955 97.9%
Building Permits and Fees 1,988,604 2,127,494 2,318,550 1,830,837 487,713 79.0%
Total Licenses and Permits 5,519,798 6,784,894 5,878,550 6,530,195 (651,645) 111.1%
Intergovernmental Revenue
Sales Tax Mitigation 655,127 - - - - -
Seattle City Light Agreement 2,209,749 2,470,000 2,300,000 2,192,860 107,140 95.3%
State Entitlements 447,531 446,250 471,088 490,646 (19,558) 104.2%
Grants 587,676 1,570,516 1,286,441 795,069 491,372 61.8%
Total Intergov't Revenue 3,900,084 4,486,766 4,057,529 3,478,575 578,954 85.7%
Charges for Services
General Government 51,901 58,532 24,694 23,450 1,244 95.0%
Security 1,164,234 1,622,000 989,405 1,452,588 (463,183) 146.8%
Transportation 13,143 79,000 64,000 (37,254) 101,254 -58.2%
Plan Check and Review Fees 1,430,958 1,168,675 939,019 693,498 245,521 73.9%
Culture and Rec Fees 477,424 621,000 84,221 68,380 15,841 81.2%
Total Charges for Services 3,137,660 3,549,207 2,101,339 2,200,662 (99,323) 104.7%
Fines and Penalties 153,372 291,718 114,129 116,986 (2,857) 102.5%
Miscellaneous Revenue
Investment Earnings 266,884 248,196 116,506 104,042 12,464 89.3%
MPD loan interest 24,160 18,639 26,447 27,678 (1,231) 104.7%
TCC facility rental 331,017 327,000 83,262 82,195 1,067 98.7%
6300 facility rental (797) 21,839 - - - 0.0%
Other facility rental 61,326 40,000 63,965 58,145 5,820 90.9%
Other 366,225 342,534 349,364 432,690 (83,326) 123.9%
MPD principal/Interfund Loan 151,063 215,948 215,949 155,088 60,861 71.8%
Miscellaneous Revenue 1,199,878 1,214,156 855,493 859,838 (4,345) 100.5%
Indirect cost allocation 2,333,507 2,637,288 2,637,288 2,417,515 219,773 91.7%
Ongoing Revenue 60,668,560 68,614,226 57,319,802 55,945,048 1,374,754 97.6%
Transfer from Contingency - - 700,000 - 700,000 0.00%
Transfer from Urban Renewal - 600,000 400,000 - 400,000 0.00%
Total Revenue 60,668,560 69,214,226 58,419,802 55,945,048 2,474,754 95.8%
Variance2020
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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.
Total General Fund revenue through November 30th was $55.9 million. To meet year-end revenue
projections, the City will need to receive $2.5 million more in revenue over the final month of 2020.
Expenditures totaled $52.3 million through November 30th. Departments project to expend
approximately $6.6 million additional before the end of the year.
Expenditures
City Council 329,855 445,312 342,625 313,488 29,137 91.5%
Mayor's Office 2,155,232 2,742,111 2,264,430 2,068,297 196,133 91.3%
Administrative Services 1,740,839 2,220,662 2,004,121 1,789,390 214,731 89.3%
Finance 2,218,890 2,802,249 2,455,838 2,191,014 264,824 89.2%
Legal 508,271 710,730 640,650 516,423 124,227 80.6%
Recreation 2,975,982 3,464,074 2,491,792 2,291,548 200,244 92.0%
Parks Maintenance 1,501,189 1,682,579 1,551,770 1,438,566 113,204 92.7%
Community Development 3,209,085 3,859,081 3,059,742 2,815,383 244,359 92.0%
Court 1,179,164 1,345,060 1,271,031 1,138,240 132,791 89.6%
Police 17,231,833 19,390,720 17,374,568 15,911,616 1,462,952 91.6%
Fire 11,739,933 13,261,272 12,572,538 11,573,263 999,275 92.1%
Information Technology 1,709,165 2,144,159 1,895,154 1,654,587 240,567 87.3%
Public Works 3,443,119 3,995,760 3,538,340 3,131,969 406,371 88.5%
PW Street Maintenance 3,624,652 3,269,041 2,765,482 2,567,734 197,748 92.8%
Total Department Expenditures 53,567,208 61,332,810 54,228,081 49,401,518 4,826,563 91.1%
Transfers - Debt Service 2,746,490 3,637,190 3,570,421 2,704,357 866,064 75.7%
Transfers - Capital, Other 1,744,600 4,421,950 1,121,950 225,000 896,950 20.1%
Transfers - Contingency - 210,000 - - - 0.0%
Total Transfers 4,491,090 8,269,140 4,692,371 2,929,357 1,763,014 62.4%
Total Expenditures 58,058,298 69,601,950 58,920,452 52,330,875 6,589,578 88.8%
Change in Fund Balance (387,724) (500,651)
Beginning Fund Balance 13,828,530 12,132,001
Ending Fund Balance 13,440,806$ 11,631,350$
Percent of year completed: 91.7%
** This column reflects amounts needed to be collected/expended to meet year-end projections
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INFORMATIONAL MEMO
Page 4
Sales Tax
Sales tax revenue through November is $14.48 million. To meet the year-end projection of $16.2
million the City is expected to collect an additional $1.72 million by year-end.
Sales tax revenues continues to be impacted by COVID-19 but has been recovering faster than
originally expected. The chart below graphically compares sales tax revenue in 2020 to 2019
revenue.
The table below compares 2019 to 2020 monthly sales tax revenues. While sales tax revenues
are exceeding the pandemic budget forecasts, actual sales tax revenues continue to trail prior
year
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%
Aug 1,659,599 1,408,596 (251,003)‐15.1%
Sep 1,796,805 1,481,525 (315,280)‐17.5%
Oct 1,732,017 1,407,342 (324,675)‐18.7%
Nov 1,687,457 1,461,993 (225,465)‐13.4%
YTD Total 17,916,811 14,614,950 (3,301,862)‐18.4%
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INFORMATIONAL MEMO
Page 5
Overtime
Police and Fire accounted for $1.18 million of the $1.22 million of overtime expenditures through
October. 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 both Police and Fire
is reimbursable and the City is monitoring and billing as needed.
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 October account for only 44.5% 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 $714,508 through November 30th and are reported by department in
the schedule below. COVID related expenditures in salaries and benefits include time dedicated
to the emergency operations center (EOC) as well as time spent analyzing the financial impacts
of the pandemic. Overtime and supplies are for time outside of normal operations spent in the
EOC as well as time responding directly to COVID-19 related activities. Supplies are for additional
PPE and disinfectant supplies.
Unbudgeted costs can be applied against CARES Act funding or FEMA funding and will not affect
ending fund balance. Budgeted salaries and benefits for time that has been redirected to
responding to the pandemic could qualify for reimbursement from CARES Act funding. Any
reimbursement for budgeted salaries and benefits would reduce the need for contingency funds
because the City had not received confirmation that CARES Act funding would be available.
BUDGETED UNBUDGETED BUDGETED UNBUDGETED
Department
Salaries and
Benefits Overtime
Salaries and
Benefits Overtime Total
Police ‐$ 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 6
In addition to COVID spending in the general fund, the Public Safety Plan has incurred
approximately $650 thousand to date in costs directly related to the pandemic. Because these
costs are associated with COVID-19, the City is able to request reimbursement from CARES Act
funding to cover these costs. It should be noted that the change orders specific to COVID-19
were funded with contingency that is built into the project budgets. The change orders are not
increasing the total budget allocated to each project.
BUDGETED
Department Salaries and
Benefits
Overtime Supplies Department
Total
General Fund
Council 1,784$ -$ -$ 1,784$
Mayor 79,657 - 1,329 80,986
Admin Services 40,756 - 494 41,249
Finance 39,434 386 1,057 40,876
Recreation 336,900 - 36,111 373,011
DCD 3,712 - 1,823 5,535
Court 114 137 4,614 4,865
Police 26,391 4,379 12,136 42,906
Fire 34,713 8,318 15,537 58,568
TIS 390 - 3,519 3,909
Public Works 6,673 318 16,130 23,121
Park Maintenance 32,296 - 2,421 34,717
Street Maintenance - - 2,980 2,980
Total General Fund 602,819$ 13,538$ 98,151$ 714,508$
UNBUDGETED
COVID-19 Related Expenditures
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INFORMATIONAL MEMO
Page 7
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 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
Billed and received all
funds from CARES
Act.
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
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INFORMATIONAL MEMO
Page 8
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
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.
The 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 42nd
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.
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INFORMATIONAL MEMO
Page 9
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.
39
INFORMATIONAL MEMO
Page 10
2019
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 1,099,038 947,000 - - - 0%
State Entitlements - MVFT Cities 264,606 290,000 170,000 244,939 (74,939) 144.1%
Total Intergovernmental Revenue 1,363,644 4,691,000 170,000 244,939 (74,939) 144.1%
Miscellaneous Revenue
** Charges for services 608,227 - - 134,682 (134,682) 0.0%
Investment earnings 1,860 20,000 - - - 0.0%
Total Miscellaneous Revenue 610,087 20,000 - 134,682 (134,682) 0.0%
Transfers In 1,300,000 1,050,000 400,000 - 400,000 0.0%
Total Revenues 3,273,731 5,761,000 1,120,000 420,273 699,727 37.5%
EXPENDITURES:
46thAve Safe Routes to School - 1,832,000 - - - 0.0%
Macadam Rd S Complete Street - 747,000 - - - 0.0%
S 152nd St Safe Routes to School - 1,622,000 - - - 0.0%
Traffic Calming/Residential Safety 165,616 400,000 50,000 74,888 (24,888) 149.8%
53rd Ave S 2,317,293 500,000 500,000 315,189 184,811 63.0%
42nd Ave S Ph III Wetland Monitoring 1,192 - 3,011 6,772 (3,761) 224.9%
42nd Ave S Phase III (SC Blvd-160)1,142,651 600,000 593,763 350,053 243,710 59.0%
Interfund Loan Repayment - - 0.0%
Total Expenditures 3,626,752 5,701,000 1,146,774 746,903 399,871 65.1%
Change in fund balances 60,000 (26,774)
Beginning Fund Balance 51,544 141,586
Ending Fund Balance - 111,544 114,812
** 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 November 30, 2020
Projected vs.
YTD Actual**
Percent of
Projected
Year-End
Year-to-Date
Actuals
Projected Year-
End
2020
Year-to-Date
Actuals
40
INFORMATIONAL MEMO
Page 11
2019
Amended
Annual
Budget
REVENUE:
General Revenue
Parking Tax 302,695 470,000 200,026 194,564 5,462 97.3%
MVFT Cities 132,835 137,000 92,483 123,920 (31,437) 134.0%
Real Estate Excise Taxes 493,420 500,000 500,000 220,608 279,392 44.1%
Total General Revenue 928,950 1,107,000 792,509 539,091 253,418 68.0%
Charges for Services
Park impact Fees 1,100,636 300,000 - - - 0.0%
Traffic Impact Fees 446,777 213,000 70,564 396,147 (325,583) 561.4%
Total Charges for Services 1,547,413 513,000 70,564 396,147 (325,583) 561.4%
Intergovernmental Revenue
Federal Grants 1,245,690 6,724,000 2,811,834 335,387 2,476,447 11.9%
State Grants - 2,253,000 160,000 184,253 (24,253) 115.2%
Total Charges for Services 1,245,690 8,977,000 2,971,834 519,640 2,452,194 17.5%
Miscellaneous Revenue
Investment earnings 45,595 20,000 20,000 13,393 6,607 67.0%
Contributions/Donations 4,900 30,000 17,533 11,300 6,233 64.4%
Total Miscellaneous Revenue 50,495 50,000 37,533 24,693 12,840 65.8%
Transfers In - - - - - -
Total Revenues 3,772,548 10,647,000 3,872,440 1,479,571 2,392,869 38.2%
EXPENDITURES:
Overhead (Salaries & Benefits)208,277 485,382 - 241,196 (241,196) 0.0%
Wetland Monitoring (various) 4,969 - 40,000 33,478 6,522 83.7%
BAR over Airport Way Seismic Retrofit 324,405 2,614,000 1,441,000 170,989 1,270,011 11.9%
TIB Channelization Study 20,832 - 19,920 19,920 0 100.0%
Transportation Comp Element Plan - 200,000 1,338 198,662 0.7%
TUC Ped/Bicycle Bridge 288,097 - 1,505 1,505 (0) 100.0%
Boeing Access Road Bridge Rehab 1,184,848 - 16 16 - 100.0%
Strander Boulevard Extension 143,487 877,566 625,000 2,795 622,205 0.4%
S 140th St Intersection Improvements 241,316 - - - - 0.0%
S 144th ST Phase II 19,941 - 161 95,872 (95,711) 59547.9%
S 196th/200th St Bridge 123,386 - 1,304 17,850 (16,546) 1368.9%
West Valley Highway 28,813 3,195,000 509,000 342,527 166,473 67.3%
42nd Ave S Bridge Replacement 18,652 1,600,000 200,000 17,795 182,205 8.9%
Annual Overlay 1,281,409 1,400,000 517,000 225,702 291,298 43.7%
Annual Bridge Inspections 29,720 335,000 335,000 8,089 326,911 2.4%
Annual Traffic Signals 14,655 125,000 62,000 3,852 58,148 6.2%
Other Misc. Capital Projects 63,355 792,000 2,025 12,320 (10,295) 608.4%
Transfer Park Impact Fees to 301 - - 675,106 - 675,106 0.0%
Total Expenditures 3,996,162 11,423,948 4,629,037 1,195,245 3,433,792 25.8%
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
Percent of
Projected
Year-End
2020
Year-to-Date as of November 30, 2020
City of Tukwila
Arterial Street Fund 104 - Revenue and Expenditures
Projected Year-
End
Year-to-Date
Actuals
Projected vs.
YTD Actual**
Year-to-Date
Actuals
41
INFORMATIONAL MEMO
Page 12
2019
Amended
Annual
Budget
REVENUE:
Miscellaneous Revenue
Investment earnings 9,879 500 4,000 4,186 186 104.6%
Total Miscellaneous Revenue 9,879 500 4,000 4,186 186 104.6%
Transfers In 150,000 200,000 - - - 0.0%
Total Revenues 159,879 200,500 4,000 4,186 186 2.1%
EXPENDITURES:
City Hall Siding/Roof Repair - 50,000 - - - 0.0%
TCC Siding/Roof Repair - 100,000 128,601 58,511 (70,090) 45.5%
2020 Facilities Study - 300,000 - - - 0.0%
Misc. Projects (including salaries & benefits)17,772 208,015 31,684 31,684 (0) 100.0%
Install No Parking Signs at 6200/6300 Bldg 8,759 2,026 2,026
Fire Station 54 Flooring 7,629
6300 Bldg. Dry Fire Sprinkler System - 29,658 29,658
City Facilities Mitigation 1,384 - -
Total Expenditures 17,772 658,015 160,285 90,195 (70,090) 56.3%
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 November 30, 2020
Projected
Year-End
2020
Projected vs.
YTD Actual**
Percent of
Projected
Year-End
Year-to-Date
Actuals
Year-to-Date
Actuals
42