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HomeMy WebLinkAboutFIN 2024-02-26 Item 1C - Budget - Monthly General Fund Expenditure Update: December 2023 and January 2024City of Tukwila Thomas McLeod, Mayor Finance Department - Vicky Carlsen, Director INFORMATIONAL MEMORANDUM TO: Finance & Governance Committee CC: Mayor McLeod FROM: Vicky Carlsen, Finance Director BY: Tony Cullerton, Deputy Finance Director DATE: February 26, 2024 SUBJECT: December 2023 General Fund Departmental Budget-to-Actuals Report SUMMARY The purpose of the December 2023 General Fund Financial Report is to summarize for the City Council the general state of departmental expenditures and to highlight significant items. The following provides a high-level summary of the departmental financial performance. The December 2023 report is based on financial data available as of January 24, 2023, for the period ending December 31, 2023. While we do not anticipate material changes to the numbers, this report is preliminary and not considered the year-end final report. The main difference is that this preliminary report covers transactions through the end of the year but does not include some adjustments and activities we do at the end of the year. We bring this report forward within the standard timeframe as each of the monthly General Fund expenditure reports for the purposes of timeliness. However, there are additional activities we do before we complete the year-end final report. At the end of the year, we make certain adjustments and entries to complete the Annual Comprehensive Financial Report (ACFR). The ACFR is audited by the Washington State Auditor's Office. Some of the activities we do at the end of the year include making journal entries and accounting for transactions that happened in 2023 but the money came in or went out in 2024. We also handle grant reimbursements from the last quarter, which may be requested in January but not received until February. To get a bit technical, the preliminary report is prepared on cash basis transactions, while the year-end report uses accrual accounting, which involves accounting for transactions when they're incurred, not necessarily when the cash changes hands. Tukwila City Hal! • 6200 Southcenter Boulevard • Tukwila, WA 98188 • 206-433-1800 • Website: TukwilaWA.gov 15 INFORMATIONAL MEMO February 12, 2024 Page 2 Expenditures Preliminary results show that all departments will finish the year within budget. General Fund departmental expenditures totaled $66.9 million through December, which is $4.2 million below budget. Department 20, which transfers to other funds, reported $6.3 million in expenditures. This number reflects transactions for debt payments and interfund activity. In total the General Fund activity as of the end of December was $73.2 million, which is below budget by $4.7 million. However, due to ongoing labor negotiations, the $4.7 million dollars under budget does not represent savings. Budget As of the end of December, preliminary results show that all departments operated within their allocated budgets. 2023 Compared to 2022 Two departments finished the year with total expenditures increasing by over $1,000,000, when compared to last year. However, in both cases, the increases were anticipated, approved, and previously budgeted for. Administrative Services increase is a result of the computer/laptop purchases for the Chromebooks, related to the Private LTE project. These expenditures will be reimbursed by a state grant. The increases in Police are due to salaries, OT, Supplies, and Tech Services. Salaries and OT are a result of limited staffing. Examples of Supplies include equipment for firearm instructor school, revolver supplies, body cam repair kits. Tech Services is a contract between the City and Axon Enterprises. Departmental Variances Year to Date Department Expenditures Through December 2023: DEPARTMENT BUDGET ACTUAL 2023 Annual 2023 Allocated 2021 2022 2023 Allocated Budget vs Actual OVER/(UNDER) % Expendec, $ Change % Change 2022/2023 City Council 384,889 384,889 338,693 356,579 376,640 (8,249) 97.9% 20,062 5.6% Mayor's Office 2,405,667 2,405,667 2,152,513 2,176,819 2,345,673 (59,994) 97.5% 168,855 7.8% Administrative Services 6,897,844 6,897,844 5,005,893 4,873,710 6,502,512 (395,332) 94.3% 1,628,802 33.4% Finance Department 3,498,642 3,498,642 2,434,453 3,065,214 3,205,237 (293,405) 91.6% 140,023 4.6% Rec Dept / Parks Maint 5,324,885 5,324,885 4,225,108 4,846,653 5,106,385 (218,501) 95.9% 259,731 5.4% Community Dev 5,018,180 5,018,180 3,910,667 4,273,322 4,565,291 (452,890) 91.0% 291,968 6.8% Municipal Court 1,741,340 1,741,340 1,209,940 1,565,412 1,631,201 (110,139) 93.7% 65,790 4.2% Police Department 22,767,943 22,767,943 17,927,963 18,868,518 21,082,633 (1,685,310) 92.6% 2,214,115 11.7% Fire Department 15,518,620 15,518,620 13,471,379 15,158,419 14,916,898 (601,722) 96.1% (241,521) -1.6% PW Dept / Street Maint 7,574,986 7,574,986 6,583,077 7,000,206 7,151,911 (423,075) 94.4% 151,705 2.2% Subtotal 71,132,998 71,132,998 57,259,686 62,184,851 66,884,381 (4,248,617) 94.0% 4,699,530 7.6% Non Departmental 6,811,032 6,811,032 5,644,523 10,176,398 6,340,550 (470,482) 93.1% (3,835,848) -37.7% Total Expenditures 77,944,030 77,944,030 62,904,209 72,361,249 73,224,931 (4,719,099) 93.9% 863,682 1.2% % of Year 100.0%t Phone: 206-433-1800 • Email: Mayor@TukwilaWA.gov • Website: TukwilaWA.gov 16 INFORMATIONAL MEMO February 12, 2024 Page 3 General Fund departments limited costs increases to 7.6% over last year, at a time when CPI was 9.5%. The increases in expenditures were identified ahead of time and budgeted for. The Bar graph below displays Year to Date Department Expenditures Compared to Budget as of December 31, 2023. City Council ■ Mayor's Office - Administrative Services Finance Department Rec Department / Park Maint Community Dev (DCD) Municipal Court Police Department Fire Department Public Works Dept / Street Maint 0 5,000 10,000 15,000 20,000 25,000 Thousands ■ Actual Expenditures ■ Allocated Budget General Fund by Category Per ordinance, the City adopts a biennial budget by fund. This is the required level of reporting for external authoritative sources of oversight such as of the Washington State Auditor's office. This level of reporting is also utilized for the purposes of debt issuance and by other stakeholders. For managerial reporting and internal use, the city reports activity at the department level. This provides more details and additional information used by decision makers within the city and those charged with governess. Phone: 206-433-1800 • Email: Mayor@TukwilaWA.gov • Website: TukwilaWA.gov 17 INFORMATIONAL MEMO February 12, 2024 Page 4 Budget by Category All categories successfully concluded the fiscal year without exceeding the budget. In summary, the General Fund closed the year at 94% of its budget. The year -over -year spending change resulted in an increase of $863,682, equivalent to 1.2%. It is important to emphasize that part of the reduction in expenditures is linked to the ongoing labor negotiations extending into the 2024 year. Nonetheless, this should not undermine the departments' dedication to fiscal responsibility, as they diligently scrutinized all expenses throughout the entire year. Phone: 206-433-1800 • Email: Mayor@TukwilaWA.gov • Website: TukwilaWA.gov 18 INFORMATIONAL MEMO February 12, 2024 Page 5 General Fund City of Tukwila General Fund Expenditures Year -to -Date as of Dec 31, 2023 BUDGET ACTUAL COMPARISON OF RESULTS 2023 Annual 2023 Allocated 2021 2022 2023 Actual Budget vs Allocated OVER/(UNDER) % Expended Change $ 2022/2023 % 2022/2023 Salaries 25,787,017 25,787,017 27,887,462 30,114,781 23,710,308 (2,076,709) 91.9% (6,404,473) (21.3%) Extra Labor 769,106 769,106 206,427 404,565 636,214 (132,892) 82.7% 231,648 57.3% Overtime 755,184 755,184 2,274,124 2,603,186 1,538,172 782,988 203.7% (1,065,014) (40.9%) Holiday Pay 250,000 250,000 429,309 490,172 248,642 (1,358) 99.5% (241,530) (49.3%) FICA 2,110,085 2,110,085 1,774,345 1,917,780 1,897,811 (212,274) 89.9% (19,969) (1.0%) Pension-LEOFF 635,408 635,408 953,421 1,022,802 627,753 (7,655) 98.8% (395,049) (38.6%) Pension-PERS/PSERS 1,744,920 1,744,920 1,518,973 1,469,268 1,502,071 (242,849) 86.1% 32,802 2.2% Industrial Insurance 586,182 586,182 892,567 689,029 417,665 (168,517) 71.3% (271,364) (39.4%) Medical & Dental 5,798,434 5,798,434 6,901,878 7,312,010 5,407,325 (391,109) 93.3% (1,904,685) (26.0%) Unemployment 0 0 45,019 37,205 13,641 13,641 - (23,565) (63.3%) Uniform/Clothing 33,290 33,290 6,732 9,085 4,926 (28,364) 14.8% (4,159) (45.8%) Total Salaries & Benefits 38,469,625 38,469,625 42,890,258 46,069,884 36,004,526 (2,465,099) 93.6% (10,065,358) (21.8%) Supplies 769,214 769,214 668,288 612,325 543,629 (225,585) 70.7% ($68,696) (11.2%) Repairs & Maint Supplies 450,010 450,010 254,967 383,135 461,096 11,086 102.5% $77,961 20.3% Resale Supplies 2,500 2,500 0 859 0 (2,500) - ($859) - Small Tools 213,203 213,203 107,173 179,442 211,460 (1,743) 99.2% $32,018 17.8% Technology Supplies 343,214 343,214 70,391 96,274 323,566 (19,647) 94.3% $227,292 236.1% Fleet Supplies 7,000 7,000 3,787 6,687 7,738 738 110.5% $1,051 15.7% Total Supplies 1,785,141 1,785,141 1,104,606 1,278,721 1,547,489 (237,652) 86.7% $268,768 21.0% Professional Services 23,007,332 23,007,332 6,683,905 6,901,424 21,601,247 (1,406,085) 93.9% $14,699,823 213.0% Communications 440,528 440,528 448,927 515,789 473,134 32,605 107.4% ($42,655) (8.3%) Professional Dev 571,050 571,050 394,404 395,311 426,601 (144,449) 74.7% $31,290 7.9% Advertising 66,300 66,300 21,629 44,856 46,861 (19,439) 70.7% $2,005 4.5% Rentals 1,298,060 1,298,060 426,952 188,473 1,190,715 (107,345) 91.7% $1,002,242 531.8% Technology Services 1,031,264 1,031,264 888,918 786,143 1,229,500 198,235 119.2% $443,357 56.4% Utilities 2,244,354 2,244,354 2,251,250 2,366,955 2,309,165 64,811 102.9% ($57,790) (2.4%) Repairs & Maint Svs. 1,286,418 1,286,418 1,768,899 2,567,904 1,535,753 249,335 119.4% ($1,032,152) (40.2%) Miscellaneous 687,899 687,899 243,434 626,722 467,045 (220,854) 67.9% ($159,677) (25.5%) Total Services 30,633,204 30,633,204 13,128,317 14,393,577 29,280,019 (1,353,185) 95.6% 14,886,441 103.4% Capital Outlay -Land 0 0 0 0 0 0 - 0 - Other Improvements 0 0 12,331 0 0 0 - 0 - Machinery&Equipment 1,227,831 1,227,831 124,174 289,145 1,097,520 (130,311) 89.4% 808,375 279.6% Construction Projects 0 0 0 0 0 Total Capital Outlay 1,227,831 1,227,831 136,506 289,145 1,097,520 (130,311) 89.4% 709,676 183.0% Transfers Out 5,828,229 5,828,229 5,644,523 10,231,223 5,295,378 (532,851) 90.9% (4,935,846) (48.2%) Total Non Operating Expen 5,828,229 5,828,229 5,644,523 10,231,223 5,295,378 (532,851) 90.9% (4,935,846) (48.2%) Total Expenditures 77,944,030 77,944,030 62,904,209 72,262,551 73,224,931 (4,719,099) 93.9% 863,682 1.2% % of Year 100.0% Phone: 206-433-1800 • Email: Mayor@TukwilaWA.gov • Website: TukwilaWA.gov 19 20 City of Tukwila Thomas McLeod, Mayor Finance Department - Vicky Carlsen, Director INFORMATIONAL MEMORANDUM TO: Finance & Governance Committee CC: Mayor McLeod FROM: Vicky Carlsen, Finance Director BY: Tony Cullerton, Deputy Finance Director DATE: February 26, 2024 SUBJECT: January 2024 General Fund Departmental Budget-to-Actuals Report SUMMARY The purpose of the January 2024 General Fund Financial Report is to summarize for the City Council the general state of departmental expenditures and to highlight significant items. The following provides a high-level summary of the departmental financial performance. The January 2024 report is based on financial data available as of February 1, 2024, for the period ending January 31, 2024. Expenditures General Fund departmental expenditures totaled $4.7 million through January, which is $1.9 million below the allocated budget of $6.6 million. Department 20, which transfers to other funds, reported minimal activity for the month. In total the General Fund activity as of the end of January was $4.7 million, which is below the allocated budget by $1.9 million. However, due to ongoing labor negotiations, the $1.9 million dollars under budget does not represent savings. Allocated Budget As of the end of January, all departments are under their allocated budgets. % Expended The end of January represents 8.3% of the year completed. Two departments finished the month with a % Expended greater than 8.3%. Both Finance and Public Works/Street Maintenance ended the month higher than 8.3%. The increase for both departments is attributed to the Risk Management Program. The annual insurance payment to Washington Cities Insurance Authority (WCIA) is due at the beginning of the year. This single payment expenditure was anticipated, approved, and budgeted. The fact that the cost to the Program was previously anticipated is demonstrated by both departments remaining within their allocated budget. Tukwila City Hal! • 6200 Southcenter Boulevard • Tukwila, WA 98188 • 206-433-1800 • Website: TukwilaWA.gov 21 INFORMATIONAL MEMO February 26, 2024 Page 2 2024 Compared to 2023 When comparing the current year's spending to the previous year's spending, two departments finished the month with an increase greater than $50k and 5%. Finance is up over the same period last year by $208,162 (31%). Fire is up over the same period last year by $96k (37%). The escalation in expenditure in comparison to the prior year is attributed to increased costs within the Risk Management Program. Specifically, the premiums associated with WCIA insurance have surged by 35% compared to the previous year. Factors contributing to this increase include inflationary pressures, amplified judgment awards, and instances of no-fault judgments where plaintiffs are awarded judgments despite no culpability on the part of the entity. Departmental Variances Year to Date Department Expenditures Through January 2024: DEPARTMENT BUDGET ACTUAL 2024 Annual 2024 Allocated 2021 2022 2023 Allocated Budget vs Actual OVER/(UNDER) % Expender., $ Change % Change 2023/2024 City Council 393,067 32,755 27,414 28,480 14,693 (18,062) 3.7% (13,787) -48.4% Mayor's Office 2,405,513 200,460 113,608 177,105 118,273 (82,187) 4.9% (58,832) -33.2% Administrative Services 5,621,624 440,906 332,386 429,146 317,213 (123,693) 5.6% (111,933) -26.1% Finance Department 4,625,307 987,154 644,461 666,599 874,761 (112,393) 18.9% 208,162 31.2% Rec Dept / Parks Maint 5,808,439 471,099 252,039 347,769 224,834 (246,265) 3.9% (122,936) -35.3% Community Dev 5,063,237 421,936 385,765 329,085 196,871 (225,065) 3.9% (132,214) -40.2% Municipal Court 1,859,399 154,950 118,865 137,988 95,530 (59,420) 5.1% (42,458) -30.8% Police Department 24,212,875 2,455,694 1,541,077 2,174,792 1,763,342 (692,352) 7.3% (411,450) -18.9% Fire Department 15,605,441 362,921 1,235,466 263,215 359,439 (3,482) 2.3% 96,224 36.6% PW Dept /Street Maint 8,002,142 1,037,849 713,391 872,388 748,172 (289,677) 9.3% (124,216) -14.2% Subtotal 73,597,044 6,565,724 5,364,470 5,426,567 4,713,127 (1,852,597) 6.4% (713,440) -13.1% Non Departmental 5,865,345 0 0 0 899 899 0.0% 899 P,r. Total Expenditures 79,462,388 6,565,724 5,364,470 5,426,567 4,714,026 (1,851,698) 5.9% (712,541) •13.1% % of Year 8.3%t Phone: 206-433-1800 • Email: Mayor@TukwilaWA.gov • Website: TukwilaWA.gov 22 INFORMATIONAL MEMO February 26, 2024 Page 3 The Bar graph below displays Year to Date Department Expenditures Compared to Budget as of January 31, 2024. City Council Mayor's Office Administrative Services Finance Department Rec Department / Park Maint Community Dev (DCD) Municipal Court Police Department Fire Department Public Works Dept / Street Maint ■ Actual Expenditures ■ Allocated Budget 0 500 1,000 1,500 2,000 2,500 3,000 Thousands Phone: 206-433-1800 • Email: Mayor@TukwilaWA.gov • Website: TukwilaWA.gov 23 INFORMATIONAL MEMO February 26, 2024 Page 4 General Fund by Category Per ordinance, the City adopts a biennial budget by fund. This is the required level of reporting for external authoritative sources of oversight such as of the Washington State Auditor's office. This level of reporting is also utilized for the purposes of debt issuance and by other stakeholders. For managerial reporting and internal use, the city reports activity at the department level. This provides more details and additional information used by decision makers within the city and those charged with governess. To provide an enhanced level of reporting, additional information is being provided for activity at the transaction level that reflect an increase of more than 5% over the prior year AND $50,000, that are part of a Category that is reporting total activity above the % of Year calculation. Allocated Budget All Category totals are within their allocated budget. % Expended Professional Services is reporting 9.8% at 8.3% of the year. The increase in due to the Insurance Liability costs of the Risk Management Program. Professional Development — Mayor's office had a significant increase in Membership costs. Large examples include Clean Air Assessment, AWC, and the South Cities Association. Technology Svs — PD Software Maintenance Contract with Motorola Spillman Solutions. $ Change 2022/2023 The rise in Professional Services has been explained as the increase in cost of the Risk Management Program. Phone: 206-433-1800 • Email: Mayor@TukwilaWA.gov • Website: TukwilaWA.gov 24 INFORMATIONAL MEMO February 26, 2024 Page 5 General Fund City of Tukwila General Fund Expenditures Year -to -Date as of Jan 31, 2024 BUDGET ACTUAL COMPARISON OF RESULTS 2023 Annual 2023 Allocated 2021 2022 2023 Actual Budget vs Allocated OVERUNDER) /( % Expended Change $2022/2023 % 2022/2023 Salaries 28,083,897 2,340,325 2,454,294 1,942,606 1,055,910 (1,284,415) 3.8% (886,697) (45.6%) Extra Labor 794,977 66,248 21,795 29,116 15,355 (50,893) 1.9% (13,761) (47.3%) Overtime 797,180 66,432 233,720 146,202 67,994 1,562 8.5% (78,208) (53.5%) Holiday Pay 250,000 20,833 765 0 468 (20,365) 0.2% 468 N/A FICA 2,299,308 191,609 155,507 158,801 85,889 (105,720) 3.7% (72,913) (45.9%) Pension-LEOFF 690,494 51,375 73,834 43,799 23,648 (27,727) 3.4% (20,150) (46.0%) Pension-PERS/PSERS 1,877,476 156,456 119,230 127,576 60,439 (96,017) 3.2% (67,137) (52.6%) Industrial Insurance 616,066 51,338 39,511 32,502 16,700 (34,638) 2.7% (15,802) (48.6%) Medical & Dental 5,818,916 484,909 608,100 449,808 487,091 2,182 8.4% 37,283 8.3% Unemployment 0 0 0 0 0 0 - 0 N/A Uniform/Clothing 33,504 2,792 0 0 250 (2,542) 0.7% 250 N/A Total Salaries & Benefits 41,261,818 3,432,317 3,706,755 2,930,411 1,813,745 (1,618,572) 4.4% (1,116,666) (38.1%) Supplies 640,401 53,367 (12,058) 11,254 8,147 (45,220) 1.3% ($3,107) (27.6%) Repairs & Maint Supplies 420,705 35,059 0 20,871 28,480 (6,579) 6.8% $7,609 36.5% Resale Supplies 2,580 215 0 0 0 (215) - $0 - Small Tools 228,078 19,007 0 16,756 1,030 (17,977) 0.5% ($15,726) (93.9%) Technology Supplies 112,364 9,364 0 2,499 734 (8,630) 0.7% ($1,765) (70.6%) Fleet Supplies 7,260 605 0 150 386 (219) 5.3% $237 158.1% Total Supplies 1,411,387 117,617 (12,058) 51,529 38,777 (78,840) 2.7% ($12,752) (24.7%) Professional Services 23,292,740 2,506,320 1,202,877 1,940,255 2,292,247 (214,073) 9.8% $351,992 18.1% Communications 468,177 39,015 (200) 14,770 14,622 (24,393) 3.1% ($148) (1.0%) Professional Dev 532,851 43,394 70,637 114,606 124,018 80,624 23.3% $9,412 8.2% Advertising 66,716 5,560 0 0 0 (5,560) - $0 N/A Rentals 319,003 26,584 5,930 5,912 4,312 (22,272) 1.4% ($1,599) (27.1%) Technology Services 1,081,907 83,596 159,407 171,753 296,951 213,355 27.4% $125,198 72.9% Utilities 2,387,484 96,741 14,300 41,892 7,716 (89,025) 0.3% ($34,175) (81.6%) Repairs & Maint Svs. 1,483,739 123,645 144,732 119,756 104,184 (19,461) 7.0% ($15,572) (13.0%) Miscellaneous 701,220 58,435 22,593 35,684 4,242 (54,193) 0.6% ($31,442) (88.1%) Total Services 30,333,839 2,983,290 1,620,274 2,444,627 2,848,292 (134,998) 9.4% 403,664 16.5% Capital Outlay -Land 0 0 0 0 0 0 - 0 - Other Improvements 0 0 0 0 0 0 - 0 - Machinery & Equipment 590,000 32,500 49,499 0 13,212 (19,288) 2.2% 13,212 N/A Construction Projects 0 0 0 0 0 Total Capital Outlay 590,000 32,500 49,499 0 13,212 (19,288) 2.2% 13,212 N/A Transfers Out 5,865,345 0 0 0 0 0 - 0 N/A Total Non Operating Expem 5,865,345 0 0 0 0 0 - 0 N/A Total Expenditures 79,462,389 6,565,724 5,364,470 5,426,567 4,714,026 (1,851,698) 5.9% (712,542) (13.1%) % of Year 8.3% Phone: 206-433-1800 • Email: Mayor@TukwilaWA.gov • Website: TukwilaWA.gov 25