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HomeMy WebLinkAboutReg 2023-10-02 Item 5A - Discussion - Financial Sustainability Plan: Process and Product FramingCOUNCIL AGENDA SYNOPSIS Initials Meeting Date Prepared by Mayor's review Council review 10/2/23 LH ITEM INFORMATION ITEM No. 5.A. STAFF SPONSOR: VICKY CARLSEN ORIGINAL AGENDA DATE: 10/2/23 AGENDA ITEM TITLE Financial Sustainability Plan Process and Product Framing CATEGORY ® Discussion Mtg Date 10/2/23 ❑ Motion Mtg Date ❑ Resolution Mtg Date ❑ Ordinance Mtg Date ❑ Bid Award Mtg Date ❑ Public Hearing Mtg Date ❑ Other Mtg Date SPONSOR ® Council ❑ Mayor ❑ Admin Svcs ❑ DCD Finance ❑ Fire ❑ P&R ❑ Police ❑ PIG SPONSOR'S SUMMARY Berk will present a draft Financial Sustainability Plan Process and Product Framing for Council discussion, and is seeking Council consensus on the Process Guidance and Evaluative Criteria. Recruitment efforts for the community committee are underway. REVIEWED BY D Trans&Infrastructurc Svcs ❑ Community Svcs/Safety ® Finance & Governance ❑ Planning & Community Dev. ❑ LTAC ❑ Arts Comm. ❑ Parks Comm. ❑ Planning Comm. DATE: 9/25/23 COMMII`I'EE CHAIR: KRULLER RECOMMENDATIONS: SPONSOR/ADMIN. COMMITTEE Forward to Regular Meeting COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION 10/2/23 MTG. DATE ATTACHMENTS 10/2/23 Powerpoint Presentation Financial Sustainability Plan Process and Product Framing - Review Draft 9/26/23 Minutes from the 9/25/23 Finance & Governance Committee meeting (distributed separately) 17 18 CITY OF TUKWILA FINANCIAL SUSTAINABILITY PLAN PROCESS AND PRODUCT FRAMING CITY COUNCIL PRESENTATION 1 OCTOBER 2, 2023 PRESENTATION OUTLINE ■ Project Purpose and Committee Charge ■ Direction from City Council: Process Guidance and Evaluative Criteria ■ Proposed Committee Agreements ■ Anticipated Meeting Process ■ Sustainability Plan Outline II 2 PROJECT PURPOSE AND COMMITTEE CHARGE PROJECT PURPOSE Key questions to be answered include: • How can the City best use its limited financial resources to meet the priorities of the community? Is the City using the right tools to achieve long-term financial sustainability? • How should the City's programs and services be calibrated with the community members' desires and willingness to pay? • How can impacts to residents and businesses be most equitably balanced, including consideration of the range of household wealth and business size present in Tukwila? The City is implementing two interrelated planning processes to answer these questions and establish the City's long-range financial strategy: a Financial Sustainability Plan and a Utility Rate Study. II 4 FINANCIAL SUSTAINABILITY COMMITTEE CHARGE • Representatives of Tukwila's residential and business communities. • Input of the Committee is intended to advisethe consulting team and City Council. Members of the Financial Sustainability Committee will: • Review information about the City's financial condition and factors that will impact future revenues and expenditures. • Review options for enhancing the City's financial sustainability. • Prepare recommendations for the Mayor and City Council. 5 DIRECTION FROM CITY COUNCIL: PROCESS GUIDANCE AND EVALUATIVE CRITERIA PROCESS GUIDANCE The process for developing the Financial Sustainability Plan must be: ■ Inclusive. ■ Open, Accessible, and Fair. ■ Tukwila -specific. ■ Analytically -based. ■ Transparent. 7 EVALUATIVE CRITERIA Ensure that final recommendations balance the City's financial sustainability, the provision of City services that meet community expectations, and equity in costs and services. Options and strategies should be evaluated against at least the following criteria: ■ Equity. ■ Cost. • Magnitude and Growth. • Stability. ■ Sustainability. ■ Alignment with Priorities. • Feasibility. ■ Impact to Other Services. II 8 PROPOSED COMMITTEE AGREEMENTS i' OPERATING GUIDELINES ■ Regular meeting time and schedule of dates. ■ Meetings will start and end on time, with a strong preference for in -person participation. ■ Meeting summaries, including a list of members present. ■ Email for Committee coordination and sharing materials in advance of meetings. ■ Substantive issues discussed in meetings rather than through e-mail. ■ Committee members will direct any media inquiries to City staff. II 10 COMMITTEE MEMBER RESPONSIBILITIES Individual Committee members are expected to: ■ Prioritize consistent meeting attendance and join in -person whenever possible. ■ Understand and articulate the project purpose and the Committee's charge. ■ Serve as a resource to other members of the community. ■ Prepare for Committee meetings. ■ Communicate questions, issues, and suggestions to the project management team. ■ Be productive and creative contributors. ■ Participate in conversations respectfully and productively. 11 COMMITTEE MEMBER DISCUSSION GUIDELINES ■ Commit to collaboration, teamwork, and compromise to seek consensus on recommendations. ■ Assume good intentions, listen to understand, and create space for others. ■ Proactively share insights and opinions. ■ Respect and acknowledge both differences and similarities. ■ Recognize the validity and value of different perspectives. ■ Allow other participants to have changes of opinion. ■ Build on points of agreement and expect that Committee members may disagree on some ideas. II 12 FRAMEWORK FOR DECISION -MAKING ■ Options will be assessed based on Evaluative Criteria established by the City Council and endorsed by the Committee. ■ Our goal is unanimous consensus, meaning that all Committee members understand and can support, or live with, the guidance to be shared with the City, with the objective of achieving unity if not complete unanimity. ■ Recommendations may be made by majority option, with the report describing the range of perspectives. ■ Members may need to consult with their organizations or communities before making or endorsing recommendations. w -‘ II 13 ANTICIPATED MEETING PROCESS MEETING SCHEDULE ■ Meeting 1: Kickoff and Context (October) ■ Meeting 2: City Programs and Services (November) ■ Meeting 3: City Programs and Services, continued (December) 4 Update to City Council (likely early January) ■ Meeting 4: Options Discussion (January) 4 Update to City Council ■ Meeting 5: Recommendations Discussion (February) 4 Final delivery of recommendations to City Council 15 SUSTAINABILITY PLAN OUTLINE II REPORT OUTLINE • Introduction and Background • Project purpose and current context in Tukwila that is impacting long-term financial sustainability. • About the Financial Sustainability Committee • Committee charge and formation; summary of meeting schedule, materials, and discussion topics. • The City's Financial Condition • General funding financial forecast and major drivers; programs and services; capital needs; short- and long-term financial challenges, with benchmarking. • Options • Summary of options and evaluation. • Recommendations and Next Steps • Short- and long-term strategies for Council consideration, including both revenue- and cost -side strategies; description of how the plan will be used in the future. • Appendices: Community Profile, Peer Benchmarking, and others TBD. 17 36 City of Tukwila Financial Sustainability Plan I Process and Product Framing Review Draft 9/26/23 The following draft content has been developed for discussion at the first meeting of the Financial Sustainability Committee. Contents Project Purpose and Committee Charge 2 Direction from City Council: Process Guidance and Evaluative Criteria 4 Proposed Committee Agreements 6 Anticipated Meeting Process 8 Sustainability Plan Outline 9 :ill 0 1 37 Project Purpose and Committee Charge The City of Tukwila is planning for a financially sustainable future that balances the cost of City programs, services, and infrastructure investments with equitable impacts to taxpayers and ratepayers. As the City comes out of the pandemic, ongoing budget challenges remain. The City adopted strategies to balance the 2023-2024 budget, including new revenue tools. Key questions to be answered include: ■ How can the City best use its limited financial resources to meet the priorities of the community? Is the City using the right tools to achieve long-term financial sustainability? • How should the City's programs and services be calibrated with the community members' desires and willingness to pay? • How can impacts to residents and businesses be most equitably balanced, including consideration of the range of household wealth and business size present in Tukwila? The City is implementing two interrelated planning processes to answer these questions and establish the City's long-range financial strategy. A Financial Sustainability Plan will: • Reflect the Tukwila community's needs, values, and priorities. • Consider how programs and services may change as the community continues to grow and change. • Provide short-term and long-range strategies to maintain the City's financial stability, guiding both operating and capital investments. The Financial Sustainability Plan will be guided by a Financial Sustainability Committee and the Tukwila City Council. It will be developed in collaboration with City staff and supported by BERK Consulting. A Utility Rate Study will: ■ Help the City plan for financing major utility (water, sewer, and surface water) infrastructure projects. • Include recommendations for rates that: o Align with customer usage. o Can be adjusted as the community grows. o Are equitable in their treatment of different customer types and their ability to pay. This utility rate study will be supported by staff of FCS GROUP who will work in collaboration with City staff and in conjunction with the Financial Sustainability Committee and Tukwila City Council. 38 :111 Review Draft 9/26/23 City of Tukwila I Financial Sustainability Plan — Process and Product Framing 2 Financial Sustainability Committee Charge Representatives of Tukwila's residential and business communities will provide guidance and feedback to the work of the consulting team as the Financial Sustainability Plan and Utility Rate Study are developed. The input of the Committee is intended to advise the consulting team and City Council; the Committee is not a decision -making body itself. Members of the Financial Sustainability Committee will: • Review information about the City's financial condition and factors that will impact future revenues and expenditures. • Review options for enhancing the City's financial sustainability. • Prepare recommendations for the Mayor and City Council. .11I Review Draft 9/26/23 City of Tukwila I Financial Sustainability Plan — Process and Product Framing 3 39 Direction from City Council: Process Guidance and Evaluative Criteria [Introductory text will be similar to this: On October 2, 2023, the Tukwila City Council approved the following guidance to inform the planning process and Financial Sustainability Committee's evaluation of options. This guidance may be modified by a recommendation of the Financial Sustainability Committee if subsequently approved by Council.] Process Guidance The process for developing the Financial Sustainability Plan must be: ■ Inclusive. The planning process must be conducted in a way that is fully inclusive of Committee member perspectives, providing members opportunities to voice their opinions in a way that is comfortable for them. In addition, it is critical that supporting analysis and strategy development fully considers the diverse range of residents and businesses that make up the Tukwila community. ■ Open, Accessible, and Fair. Every effort must be made to eliminate barriers to participation in the planning process, making it easy for Committee members to contribute effectively. This may include consideration of financial and language barriers, as well as the provision of additional support between meetings to make sure all Committee members have a full grasp of analytic materials provided to them. ■ Tukwila -specific. The Committee should be guided by Tukwila -specific values and context, including an understanding of community demographics, Tukwila's particular revenue base, and the importance of City services to community members. ■ Analytically -based. Committee thinking and recommendations should be informed by expert financial analysis, best practices, and benchmarking provided by City staff and the consulting team. ■ Transparent. Meeting materials should be shared with Financial Sustainability Committee members in advance of meetings. All meeting materials, including meeting summaries, should be posted on the City's website for easy access by all members of the Tukwila community. Evaluative Criteria As the Committee develops its recommendations, options and strategies should be evaluated against at least the following criteria to ensure that final recommendations balance the City's financial sustainability, the provision of City services that meet community expectations, and equity in costs and services. ■ Equity. Who will the strategy impact and how will that be different among different residential and business groups? Who would be helped and who would be harmed, and how does that correspond to historical and structural patterns? ■ Cost. What is the cumulative impact of costs imposed by the City and other levels of government on these groups? How can impact be best aligned with ability to pay? How can impact be best aligned with benefit received, so there is a direct relationship between contribution and benefit? 40 :l1I Review Draft 9/26/23 City of Tukwila I Financial Sustainability Plan — Process and Product Framing 4 • Magnitude and Growth. How meaningful will the impact of potential strategies be compared to the City's overall budget? How will this magnitude change over time? • Stability. Is the strategy firm and steady or is it volatile and subject to large fluctuations? • Sustainability. Can the strategy continue into and be counted on in the future? • Alignment with Priorities. How well does the strategy align with the community priorities? Can strategies adapt over time as community priorities change? • Feasibility. Can the City practically implement the strategy, with a reasonable level of effort and within a reasonable period of time? How politically feasible is this strategy? What type of approval does it need? • Impact to Other Services. If a strategy is implemented, how might it directly or indirectly impact the provision of other services? City of Tukwila Equity Policy Tukwila's Equity Policy (Resolution 1921, adopted by the Tukwila City Council in 2017), will guide both process and evaluation of recommendations. Equity is defined in the Policy as "Eliminating systemic barriers and providing fair access to programs, services and opportunities to achieve social, civic and economic justice within the City of Tukwila." The Resolution establishes six Policy Goals which are listed here. These are listed below, with supporting text provided for those Policy Goals that are particularly relevant to the Financial Sustainability planning process. 1. Our City workforce reflects our community. 2. Community outreach and engagement is relevant, intentional, inclusive, consistent and ongoing. 3. All residents and visitors receive equitable delivery of City services. The City will identify strategies that facilitate equitable access to current and future City services and facilities, regardless of race/ethnicity, language, ability, gender, age, family status, geography, and mode of transportation. 4. City government is committed to equity in the decision -making process. The City will identify strategies to facilitate equitable access to decision -making, where the decisions themselves -- and the process and context in which they are made -- are transparent. equity serves as a core value for all long-term plans moving forward. 5. Equity serves as a core value for all long-term plans moving forward. The City will apply its Equity Toolkit in its evaluation of outcomes and strategies. 6. The City will build capacity around equity within City government and the broader community. :All Review Draft 9/26/23 City of Tukwila I Financial Sustainability Plan — Process and Product Framing 0 5 41 Proposed Committee Agreements The following proposed agreements will be reviewed and revised by the Committee during its first meeting. Operating Guidelines ■ A regular meeting time and schedule of dates for meetings will be communicated at the first meeting of the Committee. ■ Meetings will start and end on time, with a strong preference for in -person participation. ■ Meeting summaries will be prepared following each meeting, summarizing the issues discussed and the decisions reached. A list of members present will be included in the meeting summary. ■ Email will be used for Committee coordination and to share agendas and materials in advance of meetings. Substantive issues will be discussed in the meetings rather than through e-mail dialogue. ■ Committee members will direct any media inquiries to City staff. Committee Member Responsibilities and Discussion Guidelines Individual Committee members are expected to: ■ Prioritize consistent meeting attendance, joining Committee meetings in -person whenever possible. • Understand and be able to articulate the project purpose and the Committee's charge. • Serve as a resource to other members of the community who want to learn more about this process. ■ Prepare for Committee meetings by reviewing meeting content and providing any requested input in advance. ■ Communicate questions, issues, and suggestions to the project management team, who will coordinate actions and responses. ■ Be productive and creative contributors. ■ Participate in conversations respectfully and productively by: Ei Committing to collaboration, teamwork, and compromise to seek consensus on recommendations. Ei Assuming good intentions and listening to understand, creating space for others to comfortably contribute their ideas. Ei Proactively sharing insights and opinions. Ei Respecting and acknowledging both differences and similarities, recognizing the validity and value of different perspectives. Ei Allowing participants to have changes of opinion. Ei Building on points of agreement and expecting that Committee members may disagree on some ideas. 42 il11 Review Draft 9/26/23 City of Tukwila I Financial Sustainability Plan — Process and Product Framing 6 Framework for Decision -Making ■ Options will be assessed based on Evaluative Criteria established by the City Council and endorsed by the Committee. • Our goal is unanimous consensus, meaning that all Committee members understand and can support, or live with, the guidance to be shared with the City, with the objective of achieving unity if not complete unanimity. ■ Recommendations may be made by majority option, with the report describing the range of perspectives. ■ Members may need to consult with their organizations or communities before making or endorsing recommendations. 111 Review Draft 9/26/23 City of Tukwila I Financial Sustainability Plan — Process and Product Framing 7 43 Anticipated Meeting Process The Financial Sustainability Committee will meet five to six times between October 2023 and March 2024. This document provides an overview of the content planned for each meeting. Detailed agendas, presentations, and background materials will be prepared in advance of each meeting. Meeting 1. Kickoff and Context (October) Welcome and introductions, review of kickoff materials, overview of Tukwila community profile, and overview of the City's financial history and forecast. At the end of this meeting, members will have a shared understanding of the Committee's role, the goals of this project, and context for future discussion. Meeting 2. City Programs and Services (November) Brief presentations from City staff describing City programs and services, priorities, needs, and funding sources. Highlights from peer benchmarking and best practices research. At the end of this meeting, members will understand the City's service priorities and needs and may identify findings from peer benchmarking research that can be brought forward in the options discussion. Meeting 3. City Programs and Services, continued (December) Brief presentations from City staff describing City programs and services, priorities, needs, and funding. Highlights from the Utility Rate Study and how this work will impact the Financial Sustainability Plan. At the end of this meeting, members will share their thoughts on service priorities that will prepare for future discussion on options. Meeting 4. Options Discussion (January) Discussion of options to consider based on City values and the Community Profile, service priorities, and peer benchmarking information. The Committee will be presented with packages of options for discussion and will determine how they measure against Evaluative Criteria. At the end of this meeting, members will share their initial preferences for options. [Between Meeting 4 and Meeting 5, the City could have opportunities for broader community engagement and/or additional business engagement, which would shift the timeline for Meeting 5 and conclusion of the work] Following this meeting, the consulting team will present an update on the Committee's findings and discussion to City Council. Following this meeting, the consulting team will present an update on the Committee's findings and discussion to City Council. Meeting 5. Recommendations Discussion (February) Discussion of recommendations based on preferred options. At the end of this meeting, Committee members will agree on recommendations. Another meeting may be necessary to finalize recommendations. Final recommendations will inform Spring budgeting process. 44 All Review Draft 9/26/23 City of Tukwila I Financial Sustainability Plan — Process and Product Framing Sustainability Plan Outline The outline below has been developed as a general guide for the work of the Committee and consulting team. The final product may evolve from this starting point over the course of the planning process. The final Financial Sustainability Plan will provide directional, strategy -level recommendations for consideration by City Council. The Plan may include specific recommendations such as the implementation of particular revenue tools but will not be at the same level of detail as the City's budget. Introduction and Background ■ A description of the purpose of this project and what is the City trying to achieve. ■ A summary of the current context in Tukwila that is impacting long-term financial sustainability, such as recent actions taken to increase revenue or reduce expenditures, citywide plans or initiatives, or trends that will impact the City's program and service delivery. About the Financial Sustainability Committee ■ The role of the Committee — how the Committee was formed, its charge, how many times it met, what materials it reviewed, and the meeting topics. The City's Financial Condition ■ An overview of the City's General Fund financial forecast and major revenue and expenditure drivers. ■ An overview of programs and services the City provides. ■ An overview of the City's capital needs. ■ A description of short- and long-term financial challenges, which may include factors such as revenue limitations or unfunded needs. ■ This section may include comparisons to peer cities where relevant, such as revenue mix, revenue tools used, and services provided. Options ■ A description of the packages of options considered by the Committee and the criteria used to evaluate options. Recommendations and Next Steps ■ A list of short- and long-term strategies for consideration by the City Council and their impact on the City's financial condition. These strategies will address operating and capital needs. Strategies may include adjustments to revenues and costs. 111 Review Draft 9/26/23 City of Tukwila I Financial Sustainability Plan — Process and Product Framing 9 45 ■ How this plan will be used in the future, such as describing processes to revisit and revise strategies and this plan's alignment to the City's budget process. Appendices ■ Tukwila Community Profile and Peer benchmarking summary. 46 III Review Draft 9/26/23 City of Tukwila I Financial Sustainability Plan — Process and Product Framing 10 Tukwila Financial Sustainability Plan and Utilty Rate Study Project Schedule, last updated 9/1 3/23 Year Weeks since year start Mondays Council Attendees Committee(s) Purpose In progress 1 Internal Draft 1.5 External Draft 2 Meeting 4 Final Deliverable 5 End 6 • CO N CO V h'0 N CO O, CO CO CO CO CO CO CO CO CO M n \ \ CO CO N CO CO v \ \ CO P oD P P N N P 0 N CO V Lt) '0 N CO P 0 V V V V V V V V V V Vt) () N P \ \ 0 0 O CO 0 N (") \ \ 0 0 M O N N N V N N N vs CO h N \ \ N N N 0 0 N N 0 0 N N 0 0 N N 0 0 N N 0 N N 0 N N 0 N N 0 0 N N 0 0 N N M V h'0 N W P h a) N P N N h N N U \ \ N N N 0 0 N N 0 0 N N N N N N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N 0 N CO V h 'O N CO U O N N N N N V \ N CO CO h N \ \ \ CO CO CO V h 07 V V N P N N \ \ ✓ V h CO 0 N \ \ h h N h Ends week starting Project Management and Council Briefings Project Kick-off Ongoing coordination/Project Management Staff Workgroup Meetings (monthly) Council briefing Council briefing Council briefing Council briefing Council briefing Council briefing Council briefing Council briefing Council briefing BERK, FCS BERK, FCS BERK BERK BERK BERK FCS BERK BERK FCS FCS BERK FinGov, COW FinGov Council COW COW COW COW COW COW Share project and Committee overview Share Committee meeting plan Share Committee meeting plan Council confirmation of Committee members Rate Study 101 Project updates Project updates Review sample utility bills Review final rate study Review final sustainability report 9/25/2023 8/28/2023 9/25/2023 10/2/2023 10/9/2023 10/23/2023 1/22/2024 2/12/2024 3/4/2024 4/15/2024 4/22/2024 Financial Sustainability Plan Review other plan documents Review City's financial forecast Interview city staff (up to 10) Review/inventory programs and services Project future usage Benchmark to peer cities (up to 5) Facilitate Advisory Committee (up to 6) Prep - recruit members, develop content Meeting 1 Meeting 2 Meeting 3 Meeting 4 Meeting 5 Meeting 6 Develop model and financial sustainability strategies Prepare draft report Prepare final report Project purpose, Committee charge, community overview, financial forecast Overview of programs and services, peer benchmarking Overview of programs and services, rate study info Discuss strategies Discuss recommendations If needed 10/2/2023 10/2/2023 10/30/2023 11/6/2023 11/27/2023 10/23/2023 10/2/2023 10/30/2023 11/20/2023 12/11/2023 1/8/2024 2/5/2024 3/4/2024 3/11/2024 4/8/2024 5/6/2024 Task 3: Utility Rate Study Data collection Draft revenue requirement analyses Final revenue requirement analyses Surface Water rate design Water Cost of Service analysis Sewer Cost of Service analysis Council engagement (above) Draft report Final report 7/31/2023 9/25/2023 10/9/2023 11/13/2023 12/18/2023 1/15/2024 1/15/2024 4/15/2024 5/6/2024 * * * * * * • •