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HomeMy WebLinkAboutFIN 2021-04-12 Item 1B - Budget - Department 20 Non-Departmental ExpendituresCity of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Finance and Governance Committee FROM: Vicky Carlsen, Finance Director CC: Mayor Ekberg DATE: April 6, 2021 SUBJECT: Department 20 (non -departmental expenditures) Discussion ISSUE Provide information on the purpose of Department 20, a department within the general fund that records accounting transactions related to transfer of money to other funds. BACKGROUND During budget discussions with City Council in late 2020, a request was made to provide information on Department 20, which is a department in the general fund that records non -departmental transactions. DISCUSSION The general fund is the main operating fund for the City and is used to account for all financial resources except those that are required to be accounted for in another fund. The general fund categorizes expenditures by department in an attempt to demonstrate how much it costs to provide various services that are not required to be accounted for in another fund. An example would be the Public Works department. Public Works provides a number of services, including road and street maintenance, traffic control devices, street cleaning, bus stop maintenance, streetscape, median landscaping, street lighting, snow and ice removal, video and fiber, minor structural repairs, and sidewalks. All of these services are captured in the Public Works department within the general fund. However, Public Works also provides infrastructure improvements which are capital projects. Capital projects are required to be accounted for in a capital projects fund. Public Works also provides water, sewer, and surface water services. These are utilities and are required to be accounted for as enterprise funds. Department 20 captures transactions that are city-wide in nature and not specific to any one department. Department 20 is only used to record transfers of general fund revenue to other funds for expenditures that are required to be accounted for in a different fund. This is a very common accounting practice and most, if not all, cities account for transfers in this manner. Transfers are categorized as follows: - Transfers for debt service payments for LTGO bonds. LTGO bonds are authorized by Council and are paid for with general fund revenue sources. - Transfers for capital projects that are at least partially funded by general fund revenue. 43 INFORMATIONAL MEMO Page 2 - Transfers to the golf course to support operations. In the past, Department 20 had been utilized to record other expenditures not specific to any one department. This included claims & judgements and liability insurance. However, several years ago this practice was changed. Liability insurance is now allocated to departments based on claims experience and claims & judgements was moved to the Finance department. RECOMMENDATION Information only. 44