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HomeMy WebLinkAboutCOW 2024-06-24 COMPLETE AGENDA PACKETTukwila City Council Agenda COMMITTEE OF THE WHOLE  Thomas McLeod, Mayor Councilmembers:  De’Sean Quinn  Tosh Sharp Marty Wine, Interim City Administrator Armen Papyan  Jovita McConnell Mohamed Abdi, Council President Dennis Martinez  Hannah Hedrick ON-SITE PRESENCE: TUKWILA CITY HALL COUNCIL CHAMBERS 6200 SOUTHCENTER BOULEVARD REMOTE PARTICIPATION FOR THE PUBLIC: 1-253-292-9750, ACCESS CODE: 670077847# Click here to: Join Microsoft Teams Meeting For Technical Support: 1-206-433-7155 Monday, June 24, 2024; 7:00 PM  Ord #2731  Res #2098 1.CALL TO ORDER / PLEDGE OF ALLEGIANCE 2.LAND ACKNOWLEDGEMENT The City of Tukwila is located on the ancestral lands of the Coast Salish people. We acknowledge their continuing connections to land, waters and culture. We pay our respects to their elders past, present and emerging. 3.PUBLIC COMMENTS including comment on items both on and not on the meeting agenda Those wishing to provide public comments may verbally address the City Council both on-site at Tukwila City Hall or via phone or Microsoft Teams for up to 5 minutes for items both on and not on the meeting agenda. To provide comment via phone or Microsoft Teams, please email citycouncil@tukwilawa.gov with your name and topic by 5:00 PM on the meeting date. Please clearly indicate that your message is for public comment during the meeting, and you will receive further instructions. 4.SPECIAL ISSUES a. 2024 City Council meeting schedule. b. 2023 Year-end financial report. c. Business & Occupation Tax quarterly report. Pg.1 Pg.5 Pg.73 5.REPORTS a. Mayor b. City Council c. Staff 6.MISCELLANEOUS 7.EXECUTIVE SESSION 8.ADJOURNMENT This agenda is available at www.tukwilawa.gov, and in alternate formats with advance notice for those with disabilities. Remote Tukwila Council meetings are audio taped (and video taped as of 9/14/20). Available at www.tukwilawa.gov) If you are in need of translation or interpretation services at a Council meeting, please contact us at 206-433-1800 by 12:00 p.m. on the meeting date. WELCOME TO THE TUKWILA CITY COUNCIL MEETING The Tukwila City Council encourages community participation in the local government process and welcomes attendance and public comment at its meetings. MEETING SCHEDULE Regular Meetings are held at 7:00 p.m. on the 1st and 3rd Mondays of each month. The City Council takes formal action in the form of motions, resolutions and ordinances at Regular Meetings. Committee of the Whole Meetings are held at 7:00 p.m. on the 2nd and 4th Mondays of each month. The City Council considers current issues, discusses policy matters in detail, and coordinates the work of the Council at Committee of the Whole meetings. PUBLIC COMMENTS Members of the public are given the opportunity to address the Council for up to 5 minutes on items both on and not on the meeting agenda during Public Comments. The City Council will also accept comments on an agenda item when the item is presented in the agenda, but speakers are limited to commenting once per item each meeting. When recognized by the Presiding Officer, please go to the podium if on-site or turn on your microphone if attending virtually and state your name clearly for the record. The City Council appreciates hearing from you but may not respond or answer questions during the meeting. Members of the City Council or City staff may follow up with you following the meeting. PUBLIC HEARINGS Public Hearings are required by law before the Council can take action on matters affecting the public interest such as land-use laws, annexations, rezone requests, public safety issues, etc. The City Council Rules of Procedure provide the following guidelines for Public Hearings: 1.City staff will provide a report summarizing and providing context to the issue at hand. 2.City staff shall speak first and be allowed 15 minutes to make a presentation. 3. The applicant is then allowed 15 minutes to make a presentation. 4.Each side is then allowed 5 minutes for rebuttal. 5.After City staff and the applicant have used their speaking time, the Council may ask furtherclarifying questions of the speakers. 6.Members of the public who wish to address the Council on the hearing topic may speak for 5minutes each. 7.Speakers are asked to sign in on forms provided by the City Clerk. 8.The Council may ask clarifying questions of speakers and the speakers may respond. 9.Speakers should address their comments to the City Council. 10.If a large number of people wish to speak to the issue, the Council may limit the total amount ofcomment time dedicated to the Public Hearing. 11.Once the Presiding Officer closes the public hearing, no further comments will be accepted, and theissue is open for Councilmember discussion. 12.Any hearing being held or ordered to be held by the City Council may be continued in the manner as set forth by RCW 42.30.100. For more information about the City Council, including its complete Rules of Procedure, please visit: https://www.tukwilawa.gov/departments/city-council/ ITEM INFORMATION STAFF SPONSOR: LAUREL HUMPHREY ORIGINAL AGENDA DATE: 6/24/24 AGENDA ITEM TITLE 2024 Council Meeting Schedule CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other Mtg Date 6/24/24 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 Resolution No. 2091 established a pilot meeting schedule for monthly Council Committee meetings and full Council work sessions prior to Regular Meetings, and calls for the City Council to reevaluate the pilot meeting schedule framework no later than July 1, 2024. REVIEWED BY Trans&Infrastructure Svcs Community Svcs/Safety Finance & Governance Planning & Community Dev. LTAC Arts Comm. Parks Comm. Planning Comm. DATE: COMMITTEE CHAIR: N/A RECOMMENDATIONS: SPONSOR/ADMIN. COMMITTEE COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $ $ $ Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION 6/24/24 MTG. DATE ATTACHMENTS 6/24/24 Informational Memorandum COUNCIL AGENDA SYNOPSIS ----------------------------------Initials --------------------------------- ITEM NO. Meeting Date Prepared by Mayor’s review Council review 6/24/24 AY 4.A 1 2 City of Tukwila Thomas McLeod, Mayor INFORMATIONAL MEMORANDUM TO: Committee of the Whole FROM: Laurel Humphrey, Legislative Analyst DATE: June 18, 2024 SUBJECT: 2024 City Council Meeting Schedule BACKGROUND Resolution No. 2091 established a pilot meeting schedule to reduce Committee meetings to once per month and hold full Council work sessions prior to Regular Meetings twice per month. The resolution also called for the City Council to reevaluate the pilot meeting schedule framework no later than July 1, 2024. The current schedule is as follows: 5:30 p.m. 7:00 p.m. 1st Monday Work Session Regular Meeting 2nd Monday Community Services & Safety Committee Planning & Community Development Committee Committee of the Whole 3rd Monday Work Session Regular Meeting 4th Monday Finance & Governance Committee Transportation & Infrastructure Services Committee Committee of the Whole Due to the turnover on the City Council this year, the work session meetings were intended to provide opportunities for Councilmembers to get up to speed on big topics, to foster full group collaboration, and to present significant information to all members at the same time. Six months in, committees have been operating successfully within the monthly schedule and work sessions have been held on topics including risk management, Capital Improvement Program, Robert’s Rules, biennial budget, and Comprehensive Plan. Staff recommends continuing with this meeting schedule for the remainder of the year and reevaluating in early 2025. Work sessions are currently being planned for Council discussion on Tukwila South Development Agreement, Public Works Shops Phase 2, Comprehensive Plan, Budget, and tenant protections. RECOMMENDATION Discussion only. 3 4 ITEM INFORMATION STAFF SPONSOR: TONY ORIGINAL AGENDA DATE: 6/24/24 AGENDA ITEM TITLE 2023 Year-End Financial Presentation CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other Mtg Date 6/24/24 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 Finance will be presenting the 2023 Year-End Financial Summary. REVIEWED BY Trans&Infrastructure Svcs Community Svcs/Safety Finance & Governance Planning & Community Dev. LTAC Arts Comm. Parks Comm. Planning Comm. DATE: COMMITTEE CHAIR: N/A RECOMMENDATIONS: SPONSOR/ADMIN. Finance Department COMMITTEE Discussion only COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $ $ $ Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION MTG. DATE ATTACHMENTS 6/24/24 Informational Memorandum Year-End Report PowerPoint COUNCIL AGENDA SYNOPSIS ----------------------------------Initials --------------------------------- ITEM NO. Meeting Date Prepared by Mayor’s review Council review 6/24/24 Tony 4.B 5 6 City of Tukwila Tom McLeod, Mayor Finance Department INFORMATIONAL MEMORANDUM TO: CC: FROM: DATE: SUBJECT: Tukwila City Council Mayor McLeod Tony Cullerton, Interim Finance Director June 24, 2024 2023 Year-End Report ISSUE This report summarizes the citywide financial results and highlights significant items or trends through the end of 2023. The primary emphasis of the report is on the General Fund activities. Although the report includes financial information about all City funds, the discretionary activity in the other funds is constrained by statutory restrictions, unlike the General Fund. General Fund revenues ended the year 5.4% over budget. Expenditures came in at 1.4% under budget. Increased revenues were primarily a result of inflationary prices tied to high ahigh CPI. The delayed implementation of anticipated wage and benefit adjustments associated with collective bargaining have yielded reductions in expenditures. These expenses are expected to be paid in August 2024. The City met its fund balance policy requirements and fund balance increased by approximately $1.6 million. Additional details can be found in the attached financial reports. DISCUSSION 2023 Highlights General Fund Unassigned beginning fund balance was $17.2 million and exceeded the fund balance policy requirements. Ending fund balance is higher than expected due to the delay in finalizing labor contracts. Revenue came in at $78 million, which is 5.4% above budget of $74.5 million. Major revenue performers were sales tax, gambling tax, and building permits. Salaries and benefits were lower than budget due to ongoing collective bargaining with Teamsters Local 763. A retroactive payment will be made in 2024. General Fund departmental expenditures ended the year at $67.2 million and transfers out are at $9.7 million for a total general fund expenditures of $76.9 million. Total general fund expenditures are below allocated budget by $1.1 million. As previously noted, this is largely due to one-time savings generated from staff vacancies and pending wage and benefit adjustments associated with collective bargaining. Other Funds Several capital projects are in process including. S 152nd Safe Routes to School and S 119th Bridge Safety improvements in the residential street fund 42nd Ave S Bridge Replacement, Allentown Truck Reroute, and W Valley Highway projects in the arterial street fund 7 The Levee Certification/Green River Corridor project involved ongoing collaboration with the ArmyCorps of Engineers.Gilliam Creek Fish Barrier Removal and Nelsen Side Channel projects advanced with ongoing design work. PW Shops Phase 2 under way ATTACHMENTS Year-End Financial Report Year-End PowerPoint slides Tukwila City Hall • 6200 Southcenter Boulevard • Tukwila, WA 98188 • 206-433-1800 • Website: TukwilaWA.gov 8 1 CITY OF TUKWILA 2023 YEAR-END FINANCIAL REPORT HIGHLIGHTS 9 2 This report presents a comprehensive overview of the City’s income and expenditure activities for 2023, with a particular focus on General Fund operations. While it includes financial data on all City funds, it should be noted that discretionary activities in the other funds are limited by statutory restrictions, unlike the General Fund. By year-end, revenues amounted to $78.4 million, meeting projections and exceeding the budget by 5.4%. Expenditures totaled $76.9 million, which was 1.4% below the budgeted amount. 2023 Budget 2023 Actual $ Diff % Diff Revenues 74,492,245 78,480,106 3,987,861 5.4% Expenditures 77,944,031 76,888,720 (1,055,311) -1.4% Although the year ended with operating expenditures below budget, it is important to recognize that this reduction does not constitute actual savings due to ongoing labor negotiations. 74,492,245 77,944,031 78,480,106 76,888,720 72,000,000 73,000,000 74,000,000 75,000,000 76,000,000 77,000,000 78,000,000 79,000,000 Revenues Expenditures 2023 Budget 2023 Actual 10 3 Over the past three years, revenues in 2023 have increased by 9.2% compared to 2022 and by 17% compared to 2021. Despite this upward trend in revenues, Expenditures have also increased significantly due to inflation. 2023 reported slimmest margin between revenues and expenses over the past five years. 67,008 71,844 78,480 60,000 65,000 70,000 75,000 80,000 2021 2022 2023 Th o u s a n d s Total Revenue 2021 - 2023 61,823 56,648 62,468 66,259 78,480 56,269 52,904 54,598 59,597 76,889 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 2019 2020 2021 2022 2023 Th o u s a n d s Rev/Exp 5 yr. Trend Rev Exp 11 4 Year Rev Exp Diff 2023 78,480,106 76,888,720 1,591,386 2022 66,259,176 59,597,232 6,661,944 2021 62,468,243 54,598,304 7,869,939 2020 56,648,351 52,903,895 3,744,456 2019 61,822,870 56,269,134 5,553,736 Fund Balance General Fund The fund balance policy states that the fund balance in the General Fund shall equal or exceed 18% of the previous year’s general fund revenue, exclusive of significant non- operation, non-recurring revenue. The General Fund ended 2023 with $17.2 million unreserved fund balance and exceeds reserve policy by $4.7 million. The fund balance policy states that fund balance in the Contingency Fund shall equal or exceed 10% of the previous year’s general fund revenue, exclusive of significant non- operating, non-recurring revenue. The Contingency Fund ended the year with a fund balance of $7.1million, which meets the fund balance policy requirement by $189,474. The fund balance policy states that the unrestricted balances of the Enterprise Fuds shall equal or exceed 20% of the previous year revenue, exclusive of significant non-operating, non-recurring revenues. Each of the Utility Funds met the fund balance requirements. General Fund 2022 Ongoing Revenues 69,493,267 18% of 2022 Ongoing Revenues 12,508,788 2023 GF Unassigned FB 17,220,806 Amount Over/(Under)4,712,018 Contingency Fund 10% of 2022 Ongonig Revenues 1,349,355 Contingency Fund 7,138,801 Amount Over/(Under)5,789,446 12 5 Utility Funds Unrestricted FB 401 Water 402 Sewer 411 Golf 412 Surface Water Unrestricted FB 5,170,176 12,278,125 1,468,130 7,140,321 Prior Yr Rev 6,780,905 9,422,525 2,267,965 7,021,365 20% of PR Rev 1,356,181 1,884,505 453,593 1,404,273 Amount Over/(Under)3,813,995 10,393,620 1,014,537 5,736,048 13 6 General Fund Revenue City of Tukwila Allocated Budget % 2023 2022 2023 vs Actuals Received $% Annual OVER/(UNDER)2022/2023 2022/2023 Property Tax 17,682,000 17,233,512 17,536,670 (145,330) 99%303,158 1.8% Sales Taxes-Retail 21,378,000 21,023,287 21,881,507 503,507 102%858,220 4.1% Use Taxes 905,000 953,890 970,202 65,202 107%16,312 1.7% Admission Taxes 850,000 819,932 842,387 (7,613) 99%22,455 2.7% Utility Taxes 4,300,000 3,949,799 4,125,408 (174,592) 96%175,609 4.4% Interfund Utility Taxes 2,634,980 2,404,685 2,567,243 (67,737) 97%162,558 6.8% Gambling & Excise Taxes 4,665,700 4,964,964 4,464,521 (201,179) 96%(500,443) -10.1% Total Tax Revenue 52,415,680 51,350,070 52,387,938 (27,742) 100%1,037,868 2.0% Business Licenses 3,230,000 2,939,066 3,243,556 13,556 100%304,490 10.4% Rental Housing permits 41,000 64,605 57,751 16,751 141%(6,854) -10.6% Building Permits 1,739,660 1,799,493 2,430,331 690,671 140%630,838 35.1% Franchise fees 508,000 573,391 589,509 81,509 116%16,118 2.8% Total Licenses and Permits 5,518,660 5,376,555 6,321,147 802,487 115%944,592 17.6% Sales Tax Mitigation payments 635,470 794,337 635,470 0 100%(158,867) -20.0% SCL Agreement 2,300,000 2,416,079 2,651,351 351,351 115%235,272 9.7% Grant Revenues 4,319,003 2,882,099 3,668,912 (650,091) 85%786,813 27.3% State Entitlements 505,500 503,242 661,534 156,034 131%158,292 31.5% Intergovernmental Revenue 628,804 566,979 704,493 75,689 112%137,514 24.3% Total Intergovernmental Revenue 8,388,777 7,162,736 8,321,760 (67,017) 99%1,159,024 16.2% General Government Revenue 16,620 26,040 22,703 6,083 137%(3,337) -12.8% Security revenue 1,338,900 978,782 1,179,543 (159,357) 88%200,761 20.5% Transportation Revenue 20,000 1,961 288 (19,712) 1%(1,673) -85.3% Plan Check and Review fees 794,268 834,728 1,258,163 463,895 158%423,435 50.7% Culture and Recreation fees 181,200 143,197 166,621 (14,579) 92%23,424 16.4% Fines and Penalties 760,475 480,632 311,630 (448,845) 41%(169,002) -35.2% Other Income 295,551 450,568 566,570 271,019 192%116,002 25.7% Total Charges for Services 3,407,014 2,915,909 3,505,518 98,504 103%589,609 20.2% TOTAL OPERATING REVENUE 69,730,131 66,805,270 70,536,363 806,232 101%3,731,093 5.6% Indirect Cost Allocation 2,822,397 2,687,997 2,822,397 0 100%134,400 5.0% Investment Earnings 100,000 (494,257)770,383 520,383 770%1,264,640 -255.9% Rent & Concessions 335,570 192,355 466,505 130,935 139%274,150 142.5% Transfers In 1,624,147 2,553,951 1,323,249 (30,898) 81%(1,230,702) -48.2% Bond Proceeds 0 98,699 2,561,209 2,561,209 N/A N/A N/A Sale of Capital Assets 0 0 0 65,202 0%(58,178) -2.0% Total Non-Operating Revenue 4,882,114 5,038,744 7,943,743 3,181,629 163%2,904,999 57.7% TOTAL REVENUE 74,612,245 71,844,015 78,480,106 3,987,861 105%6,636,091 9.2% SUMMARY BY REVENUE TYPE Year-to-Date as of December 31, 2023 Change BUDGET ACTUAL COMPARISON OF RESULTS 14 7 Property Tax 2023 Budget 2021 Actual 2022 Actual 2023 Actual Actual less Budget 2023 YTD vs 2022 YTD $ Diff % Diff 17,682,000 17,124,167 17,233,512 17,536,670 (145,330) 303,158 1.8% Property Tax increased 1.8% over the same period last year. Property Tax is stable with large variances usually attributed to timing differences of receipt of tax payments. 17,124,167 17,233,512 17,536,670 16,900,000 17,000,000 17,100,000 17,200,000 17,300,000 17,400,000 17,500,000 17,600,000 2021 Actual 2022 Actual 2023 Actual Property Tax Jan -Dec 2021 - 2023 15 8 Sales Tax 2023 Budget 2021 Actual 2022 Actual 2023 Actual Actual less Budget 2023 YTD vs 2022 YTD $ Diff % Diff 22,283,000 20,148,103 21,977,177 22,851,709 568,709 874,532 4.0% Sales Tax ended the year $874,532 (4.0%) higher compared to last year. Sales tax revenue continues to improve year over year. The increase in inflation is a strong driver for the overall increase in sales tax revenue. 20,148,103 21,977,177 22,851,709 18,500,000 19,000,000 19,500,000 20,000,000 20,500,000 21,000,000 21,500,000 22,000,000 22,500,000 23,000,000 23,500,000 2021 Actual 2022 Actual 2023 Actual Sales Tax Jan - Dec 2021 - 2023 16 9 The City of Tukwila relies heavily on sales tax revenue. Although overall tax revenue has increased annually, the Retail Trade sector, the largest contributor, is experiencing a decline. Conversely, the Service and Construction sectors are the top performers. The robust performance in the Construction sector is further evidenced by the significant rise in Building Permit revenues. Sector 2022 2023 YTD Change % Change % of Total Construction $1,704,700 $2,239,350 534,650 31.4% 63% Manufacturing $223,090 $228,453 5,363 2.4% 1% Transp / Warehousing $232,550 $222,522 (10,028) -4.3% -1% Wholesale Trade $1,355,511 $1,404,809 49,298 3.6% 6% Automotive $762,329 $563,326 (199,003) -26.1% -24% Retail Trade $10,106,924 $9,841,093 (265,831) -2.6% -32% Services $6,278,645 $6,993,518 714,873 11.4% 85% Miscellaneous $186,564 $200,438 13,874 7.4% 2% Total 20,850,313 21,693,509 843,196 4.0% 100% 17 10 Utility Tax 2023 Budget 2021 Actual 2022 Actual 2023 Actual Actual less Budget 2023 YTD vs 2022 YTD $ Diff % Diff 4,300,000 3,605,314 3,949,799 4,125,408 (174,592) $175,609 4.4% Utility tax revenue was slightly below budget projections but showed a 4.4% increase compared to the previous year. A consistent trend observed is the decline in cable subscribers coupled with an increase in solid waste costs. The utility tax comprises the following utilities: 2021 2022 2023 $ Change % Change Cable 244,274 241,837 221,303 (20,534) -8.5% Electric 1,526,773 1,684,880 1,744,022 59,142 3.5% Gas 527,832 641,167 659,837 18,670 2.9% Telecommunications 678,221 669,210 714,889 45,679 6.8% Solid Waste 628,214 712,704 785,009 72,305 10.1% Total 3,605,314 3,949,798 4,125,060 175,262 4.44% 3,605,314 3,949,799 4,125,408 3,300,000 3,400,000 3,500,000 3,600,000 3,700,000 3,800,000 3,900,000 4,000,000 4,100,000 4,200,000 2021 Actual 2022 Actual 2023 Actual Utility Tax Jan - Dec 2021 - 2023 18 11 Interfund Utility Tax 2023 Budget 2021 Actual 2022 Actual 2023 Actual Actual less Budget 2023 vs 2022 $ Diff % Diff 2,634,980 2,322,420 2,404,685 2,567,243 (67,737) 162,558 6.8% Interfund Utility Tax finished the year slightly under budget but almost 7% over the prior year. Interfund Utility Tax is the tax the City imposes on itself for the use of utilities. All three utilities saw an increase greater than 5% over the prior year. 2022 2023 $ Chg. % Chg. Water 722,511 784,612 62,101 8.6% Sewer 942,949 1,005,699 62,750 6.7% Surface Water 739,225 776,932 37,707 5.1% 2,322,420 2,404,685 2,567,243 2,200,000 2,250,000 2,300,000 2,350,000 2,400,000 2,450,000 2,500,000 2,550,000 2,600,000 2021 Actual 2022 Actual 2023 Actual Interfund Utility Tax Jan - Dec 2021 - 2023 19 12 Gambling Tax 2023 Budget 2021 Actual 2022 Actual 2023 Actual Actual less Budget 2023 YTD vs 2022 YTD $ Diff % Diff 4,665,700 4,367,189 4,964,964 4,464,521 (201,179) (500,443) -10.1% Gambling Tax declined in 2023 after a strong rebound in the prior year. Gambling Tax is down $201,179 from the prior year and finished the year -10.1% under budget. 4,367,189 4,964,964 4,464,521 4,000,000 4,100,000 4,200,000 4,300,000 4,400,000 4,500,000 4,600,000 4,700,000 4,800,000 4,900,000 5,000,000 5,100,000 2021 Actual 2022 Actual 2023 Actual Gambling Tax Jan - Dec 2021 - 2023 20 13 Admission Tax Admission tax reported revenues slightly above the prior year but came in slightly under budget. Admission Tax appears to be leveling out since the sharp decline during the pandemic. 2023 Budget 2021 Actual 2022 Actual 2023 Actual Actual less Budget 2023 YTD vs 2022 YTD $ Diff % Diff 850,000 539,690 819,932 842,387 (7,613) 22,455 2.7% 539,690 819,932 842,387 0 200,000 400,000 600,000 800,000 1,000,000 2021 Actual 2022 Actual 2023 Actual Admission Tax Jan - Dec 2021 - 2023 21 14 Business Licenses Business licenses finished the year 10.4% over the same period last year. The number of business licenses has increased both within Tukwila and in the non-residential category. 2023 Budget 2021 Actual 2022 Actual 2023 Actual Actual less Budget 2023 YTD vs 2022 YTD $ Diff % Diff 3,230,000 3,204,915 2,939,066 3,243,556 13,556 304,490 10.4% 2022 2023 # Change % Change Tukwila Businesses 2,322 2,338 16 0.7% Non-Residential Business Licenses 2,719 3,004 285 10.5% Total Business Licenses 5,041 5,342 301 6.0% 3,204,915 2,939,066 3,243,556 2,750,000 2,800,000 2,850,000 2,900,000 2,950,000 3,000,000 3,050,000 3,100,000 3,150,000 3,200,000 3,250,000 3,300,000 2021 Actual 2022 Actual 2023 Actual Business Licenses Jan - Dec 2021 - 2023 22 15 Building Permits 2023 Allocated Budget 2021 Actual 2022 Actual 2023 Actual Actual less Budget 2023 vs 2022 $ Diff % Diff 1,739,660 1,717,081 1,799,493 2,430,331 690,671 630,838 35.1% Building permits have been showing steady growth over the past three years. Building permits have increased in both volume and valuation. YTD the number of permits issues has increased by over 30%. Building Permits is a volatile revenue stream that is difficult to predict with any amount of certainty. 1,717,081 1,799,493 2,430,331 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2021 Actual 2022 Actual 2023 Actual Building Permits Jan - Dec 2021 - 2023 23 16 EXPENDITURES General Fund expenditures totaled $76.8 million, which is $1.1 million below the allocated budget of $77.9 million. However, due to ongoing labor negotiations, the $1.1 million under budget does not represent savings. All General Fund departments ended the year within budget. The increase to the Non- Departmental was attributed to new 2023 Governmental Accounting Standards Board (GASB), GASB 96 Subscription-Based IT Arrangements (SBITA). BUDGET Allocated Budget % 2023 2022 2023 vs Actual Expended $ Change % Change DEPARTMENT OVER/(UNDER) City Council 384,889 356,579 366,378 (18,512) 95.2% 9,799 2.7% Mayor's Office 2,405,667 2,176,819 2,308,617 (97,050) 96.0% 131,798 6.1% Administrative Services 6,897,844 4,873,710 6,491,702 (406,142) 94.1% 1,617,992 33.2% Finance Department 3,498,642 3,065,214 3,177,417 (321,225) 90.8% 112,203 3.7% Rec Dept / Parks Maint 5,324,885 4,846,653 5,110,670 (214,215) 96.0% 264,017 5.4% Community Dev 5,018,180 4,273,322 4,582,457 (435,724) 91.3% 309,134 7.2% Municipal Court 1,741,340 1,565,412 1,623,823 (117,517) 93.3% 58,412 3.7% Police Department 22,767,943 18,868,518 21,267,400 (1,500,543) 93.4% 2,398,882 12.7% Fire Department 15,518,620 15,158,419 15,087,708 (430,912) 97.2% (70,711) -0.5% PW Dept / Street Maint 7,574,986 7,000,206 7,171,066 (403,920) 94.7% 170,860 2.4% Subtotal 71,132,998 62,184,851 67,187,238 (3,945,760) 94.5% 5,002,386 8.0% Non Departmental 6,811,032 10,331,601 9,701,481 2,890,449 142.4% (630,120) -6.1% Total Expenditures 77,944,030 72,516,452 76,888,719 (1,055,311) 98.6% 4,372,266 6.0% ACTUAL 2022/2023 Actual Year-Over-Year 24 17 General Fund City of Tukwila General Fund Expenditures Allocated Budget % 2023 2022 2023 vs Actuals Expended $ Change % Change Annual OVER/(UNDER) 2022/2023 2022/2023 Salaries & Wages 27,561,307 33,612,705 26,134,968 (1,426,339) 94.8% (7,477,737) -22.2% Benefits 10,908,318 12,457,179 9,892,228 (1,016,090) 90.7% (2,564,951) -20.6% Supplies 769,214 612,325 547,604 (221,610) 71.2% (64,720) -10.6% Repair & Maintenance Supplies 450,010 383,135 461,096 11,086 102.5% 77,961 20.3% Resale Supplies 2,500 859 0 (2,500) 0.0% (859) -100.0% Small Tools 213,203 179,442 270,919 57,716 127.1% 91,477 51.0% Technology Supplies 343,214 96,274 323,566 (19,648) 94.3% 227,292 236.1% Fleet Supplies 7,000 6,687 7,738 738 110.5% 1,051 15.7% Professional Services 23,007,332 6,904,463 22,255,045 (752,287) 96.7% 15,350,582 222.3% Communications 440,528 515,789 473,134 32,606 0.0% (42,655) -8.3% Professional Development 571,050 395,311 452,144 (118,906) 79.2% 56,833 14.4% Advertising 66,300 44,856 46,861 (19,439) 70.7% 2,005 4.5% Rentals 1,298,060 188,473 1,003,426 (294,634) 77.3% 814,953 432.4% Technology Services 1,031,264 786,143 610,245 (421,019) 59.2% (175,898) -22.4% Utilities 2,244,354 2,366,955 2,345,382 101,028 104.5% (21,573) 0.0% Repairs & Maintenance Services 1,286,418 2,567,904 1,535,753 249,335 119.4% (1,032,152) -40.2% Other Expenditures 687,899 626,722 472,941 (214,958) 68.8% (153,781) -24.5% Total Operating Expenditure 70,887,971 61,745,222 66,833,049 (4,054,922)94.3% 5,087,827 8.2% Capital-Land - 98,699 2,561,209 (4,635,171) N/A 2,462,511 2495.0% Other Capital Improvements - - - - - Machinery & Equipment 1,227,831 289,145 1,093,290 (134,541) 89.0% 804,145 278.1% Principal 0 140,106 776,163 776,163 N/A 636,056 454.0% Interest Expense 0 12,058 78,855 78,855 N/A 66,798 554.0% Transfers Out 5,828,229 10,231,223 5,546,153 (282,076) 95.2% (4,685,070) -45.8% Total Non-Operating Expenditures 7,056,060 10,771,231 10,055,670 2,999,610 142.5% (715,560) -6.6% Total Expenditures 77,944,031 72,516,452 76,888,719 (1,055,312) 98.6% 4,372,266 6.0% Change Year-to Date as of December 31, 2023 BUDGET ACTUAL COMPARISON OF RESULTS 25 18 ARPA Recap of ARPA to Date On March 10, 2021, a $1.9 trillion relief package, known as the American Rescue Plan Act, was approved and provided funding in several areas including state and local aid, education, rental assistance, and transit. The City was allocated $5.68 million with the first half received in June of 2021 and the second half received in July of 2022. Funds must be spent or contractually committed by December 31, 2024 This chart shows the flow of ARPA funds after three years of council-approved expenditures. Unallocated funds are due to expenditures that have underspend their budget allocation. More to come regarding spending recommendations for unallocated total. Per US Treasury ARPA requirements, Cities must contractually obligate all funds by 12/31/2024 and expend funds by 12/31/26. Council-approved allocations are expected to fully expend ARPA funds by 12/31/24. A plan will be forthcoming on how best to utilize the remaining ARPA funds. Total ARPA Grant (Beginning Balance)5,685,000$ 2021 Actual Spent 817,307 2021 Ending Balance 4,867,693 2022 Beginning Balance 4,867,693 2022 Actual Spent 1,894,357 2022 Ending Balance 2,973,336 2023 Beginning Balance 2,973,336 2023 Actual Spent 1,243,371 2023 Ending Balance 1,729,965 2024 Beginning Balance 1,729,965 2024 Budget Allocation 1,496,418 Unallocated Amount for 2024 233,547$ 26 19 Cash & Investment Year-End Report The City’s investment portfolio provided approximately $3.2 million in cash flow during 2023. The City has benefited from historically high interest rates, with money markets paying over 5% at year end. Most of the longer-term bond investments in the portfolio are currently callable, but with interest rates remaining high, few are expected to be called. Two new bonds were purchased, and two bonds were matured/called during the year; so, the City’s total bond investments were unchanged during the year. 27 20 28 21 29 22 CITY OF TUKWILA 2023 Year-End FINANCIAL REPORT OTHER FUNDS FINANCIAL REPORT Other Funds The fund balance policy states that the unrestricted balances of the Enterprise Funds shall equal or exceed 20% of the previous year’s revenue. All Enterprise Funds meet the Fund Balance Policy requirements. Water Sewer Golf Surf Wat 401 402 411 412 Fund Bal 4,451,780 13,493,554 1,966,037 10,151,178 Previous Yr. Rev 7,263,546 9,418,274 2,186,710 7,378,246 20% of Rev 1,452,709 1,883,655 437,342 1,475,649 Over / (Under) 2,999,071 11,609,899 1,528,695 8,675,529 Capital Projects The Allentown Truck Reroute project recommended alternatives for further consideration. The Transportation Element Comp Plan incorporated community input into draft transportation networks. West Valley Highway (I405 to Strander) Project completed significant work, including stripping and installations. Construction progressed on Overlay & Repair, and Foster Point Repairs were completed in Bridge Inspections. S 152nd Safe Routes to School moved forward with design, and ADA improvements were embedded into ongoing projects. Public Works Shops Phase 1 and Phase 2 advanced with roofing and painting updates. Utility Funds Utility projects achieved significant milestones. The Levee Certification/Green River Corridor project involved ongoing collaboration with the Army Corps of Engineers. Regulatory reviews continued for the Surface Water, Water & Sewer Comprehensive Plans, while the Surface Water Comp Plan was actively developed. The GIS Utilities Inventory project, now nearing completion, benefited from the hired GIS Field Technician's 30 23 contributions. Construction progressed for the S 152nd Waterline Extension. Gilliam Creek Fish Barrier Removal and Nelsen Side Channel projects advanced with ongoing design work. Stormwater Quality Retrofit reached the 90% design stage, and the City pursued wetland delineation for S 131st Drainage Improvements. The Annual Small Drainage Program secured a design consultant, and NPDES Program compliance was ensured through the successful hiring of new inspectors. The Green the Green project, involving grants and vegetation management, continued, and the Chinook Wind Public Access/Extension project received a grant of $280,000 for design activities. Foster Golf Course Foster Golf Course entered into a strategic partnership with GolfNow, a prominent player in the online tee time booking service sector. This business arrangement has not only facilitated an upgraded website for Foster Golf Course but has also resulted in increased online visibility, amplifying the course's presence during customer searches for golf facilities. Leveraging these enhancements, the department management successfully justified a modest adjustment in Green Fees, aligning the cost of a round of golf with that of other municipal golf courses in the city. Equipment Rental The Equipment Rental Fund has strategically leveraged the Enterprise Fleet Leasing program by adding twelve new patrol vehicles into its fleet, thereby completing the implementation of the Police Department's take-home vehicle program. This initiative not only enhances response times but also strengthens the Police Department's competitive edge in attracting new officers and recruits. Additionally, the utilization of the fleet leasing program has enabled the Equipment Rental department to capitalize on surplus vehicles during opportune periods, leading to elevated resale values. The department has realized a noteworthy sum of $326,067 from the Sale of Capital Assets, surpassing the budget by $164,317 (201.6%). This financial achievement underscores the effective management and optimization of resources within the department. Lodging Tax Lodging tax revenue is on pace to meet and exceed budget. Lodging tax revenue through September is $787k and exceeds allocated budget by $61k. Drug Seizure The seizure fund brought in $79,010 through the Dept of Justice’s Equitable Sharing program and $63,433 of funds spent from these Seizure Funds was reimbursed by the Associated of Washington Cities via their Alternative Response Team Grant (this is the program that partially funds the Police Department’s Mental Health Co-Responder program). 31 24 On the expenditure side, the Police Department sent $82,322 to Sound Mental Health as contracted compensation for our two Mental Health Co-Responders (a portion of these expenditures will be returned to us via the grant). The Police Department also spent $11,423 of these Seizure Funds to replace our Special Response Team’s (SWAT) ballasted-rated helmets and $6,716 on a software program used by our detectives to aid them in solving felony crimes. Debt Service Funds Debt Service is funded by budgetary approved interfund transfers. All long-term debt obligations are paid timely and in accordance with the debt schedule. Insurance – Active Employees / Insurance LEOFF 1 Retirees Funds The Insurance funds are trending as anticipated. The funds are adequately funded, and Program Cost expenditures are slightly under budget. Both funds are stable and well positioned heading into 2024. 32 25 33 26 34 27 35 28 36 29 37 30 38 31 39 32 40 33 41 34 42 35 43 36 44 37 45 38 46 39 47 40 48 CITY OF TUKWILA 2023 YEAR-END FINANCIAL REPORT HIGHLIGHTS 4 9 General Fund 2023 Revenues & Expenditures Budget vs Actuals % Diff$ Diff2023 Actual2023 Budget 5.4%3,987,8612 78,480,106 74,492,245 Revenues -1.4%(1,055,312)76,888,720 77,944,031 Expenditures 74,492,245 77,944,031 78,480,106 76,888,720 72,000,000 73,000,000 74,000,000 75,000,000 76,000,000 77,000,000 78,000,000 79,000,000 Revenues Expenditures 2023 Budget 2023 Actual 5 0 Three Year General Fund Revenue Trend 67,008 71,844 78,480 60,000 62,000 64,000 66,000 68,000 70,000 72,000 74,000 76,000 78,000 80,000 2021 2022 2023 Th o u s a n d s Total Revenue 2021 - 2023 5 1 Three Year General Fund Expenditure 54,598,304 59,597,232 76,888,720 0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000 2021 2022 2023 Total Expenditures 2021 -2023 % Diff$ Diff202320222021 29.0%17,291,488 76,888,720 59,597,232 54,598,304 5 2 Change in Fund Balance 15,852,564 Beginning Fund Balance 1,591,280Change in Fund Balance 17,443,844Ending Fund Balance 5 3 Fund Balance Policy 69,493,267 2022 Ongoing Revenues 12,508,788 18% of 2022 Ongoing Revenues 17,220,806 2023 GF Unassigned FB 4,712,018 Amount Over/(Under) 6,949,327 10% of 2022 Ongoing Revenues 7,138,801 Contingency Fund 189,474 Amount Over/(Under) 5 4 Utility Fund Balance Policy 412 Surface Water411 Golf402 Sewer401 Water 7,140,321 1,468,130 12,278,125 5,170,176 Unrestricted FB 7,021,365 2,267,965 9,422,525 6,780,905 Prior Yr Rev 1,404,273 453,593 1,884,505 1,356,181 20% of PR Rev 5,736,048 1,014,537 10,393,620 3,813,995 Over/(Under) 5 5 CITY’S MAJOR TAX REVENUES 5 6 Property Tax % Diff 2023 YTD vs 2022 YTD $ Diff Actual less Budget2023 Actual2022 Actual2021 Actual2023 Budget 1.6%303,158 (145,330)17,536,670 17,233,512 17,124,167 17,682,000 17,124,167 17,233,512 17,536,670 16,800,000 17,000,000 17,200,000 17,400,000 17,600,000 2021 Actual 2022 Actual 2023 Actual Property Tax Jan -Dec 2021 - 2023 5 7 Sales Tax % Diff 2023 YTD vs 2022 YTD $ Diff Actual less Budget2023 Actual2022 Actual2021 Actual2023 Budget 4.0%874,532568,70922,851,709 21,977,17720,148,103 22,283,000 20,148,103 21,977,177 22,851,709 18,500,000 19,000,000 19,500,000 20,000,000 20,500,000 21,000,000 21,500,000 22,000,000 22,500,000 23,000,000 23,500,000 2021 Actual 2022 Actual 2023 Actual Sales Tax Jan - Dec 2021 -2023 5 8 Sales Tax Sectors % ChangeYTD Change2023 2022 Sector 31.4%534,650 $2,239,350 $1,704,700 Construction 2.4%5,363 $228,453 $223,090 Manufacturing -4.3%(10,028)$222,522 $232,550 Transp / Warehousing 3.6%49,298 $1,404,809 $1,355,511 Wholesale Trade -26.1%(199,003)$563,326 $762,329 Automotive -2.6%(265,831)$9,841,093 $10,106,924 Retail Trade 11.4%714,873 $6,993,518 $6,278,645 Services 7.4%13,874 $200,438 $186,564 Miscellaneous 4.0%843,196 21,693,509 20,850,313 Total 5 9 Utility Tax % Diff 2023 YTD vs 2022 YTD $ Diff Actual less Budget2023 Actual2022 Actual2021 Actual2023 Budget 4.4%175,609 (174,592)4,125,408 3,949,7993,605,314 4,300,000 3,605,314 3,949,799 4,125,408 3,200,000 3,400,000 3,600,000 3,800,000 4,000,000 4,200,000 2021 Actual 2022 Actual 2023 Actual Utility Tax Jan -Dec 2021 -2023 6 0 Interfund Utility Tax % Diff 2023 YTD vs 2022 YTD $ Diff Actual less Budget2023 Actual2022 Actual2021 Actual2023 Budget 6.8%162,558(67,737)2,567,243 2,404,6852,322,4202,634,980 2,322,420 2,404,685 2,567,243 2,200,000 2,300,000 2,400,000 2,500,000 2,600,000 2021 Actual 2022 Actual 2023 Actual Interfund Utility Tax Jan - Dec 2021 - 2023 6 1 Gambling Tax % Diff 2023 YTD vs 2022 YTD $ Diff Actual less Budget2023 Actual2022 Actual2021 Actual2023 Budget -10.1%(500,443) (201,179)4,4,64,521 4,964,9644,367,189 4,665,700 4,367,189 4,964,964 4,464,521 4,000,000 4,200,000 4,400,000 4,600,000 4,800,000 5,000,000 5,200,000 2021 Actual 2022 Actual 2023 Actual Gambling Tax Jan -Dec 2021 -2023 6 2 Gambling Tax cont… 20232022202120202019 4,464,521 4,964,964 4,367,189 2,682,681 4,793,992 4,793,992 2,682,681 4,367,189 4,964,964 4,464,521 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 2019 2020 2021 2022 2023 Gambling Tax 5yr Trend 6 3 Admission Tax % Diff 2023 YTD vs 2022 YTD $ Diff Actual less Budget2023 Actual2022 Actual2021 Actual2023 Budget 2.7%22,455 (7,613)842,387 819,932539,690 850,000 539,690 819,932 842,387 0 200,000 400,000 600,000 800,000 1,000,000 2021 Actual 2022 Actual 2023 Actual Admission Tax Jan -Dec 2021 -2023 6 4 Business Licenses Tax % Diff 2023 YTD vs 2022 YTD $ Diff Actual less Budget2023 Actual2022 Actual2021 Actual2023 Budget 10.4%304,49013,5563,243,5562,939,0663,204,9153,230,000 3,204,915 2,939,066 3,243,556 2,700,000 2,800,000 2,900,000 3,000,000 3,100,000 3,200,000 3,300,000 2021 Actual 2022 Actual 2023 Actual Business Licenses Jan -Dec 2021 -2023 6 5 Building Permits % Diff 2023 YTD vs 2022 YTD $ Diff Actual less Budget2023 Actual2022 Actual2021 Actual2023 Budget 35.1%630,838690,6712,430,3311,799,4931,717,0811,739,660 1,717,081 1,799,493 2,430,331 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2021 Actual 2022 Actual 2023 Actual Building Permits Jan -Dec 2021 -2023 6 6 General Fund Expenditures 6 7 General Fund by Department ACTUALBUDGET Actual Year-Over-Year %Allocated Budget % Change$ ChangeExpendedvs Actual202320222023 2022/2023OVER/(UNDER)DEPARTMENT 2.7%9,79995.2%(18,512)366,378356,579384,889City Council 6.1%131,79896.0%(97,050)2,308,6172,176,8192,405,667Mayor's Office 33.2%1,617,99294.1%(406,142)6,491,7024,873,7106,897,844Administrative Services 3.7%112,20390.8%(321,225)3,177,4173,065,2143,498,642Finance Department 5.4%264,01796.0%(214,215)5,110,6704,846,6535,324,885Rec Dept / Parks Maint 7.2%309,13491.3%(435,724)4,582,4574,273,3225,018,180Community Dev 3.7%58,41293.3%(117,517)1,623,8231,565,4121,741,340Municipal Court 12.7%2,398,88293.4%(1,500,543)21,267,40018,868,51822,767,943Police Department -0.5%(70,711)97.2%(430,912)15,087,70815,158,41915,518,620Fire Department 2.4%170,86094.7%(403,920)7,171,0667,000,2067,574,986PW Dept / Street Maint 8.0%5,002,38694.5%(3,945,760)67,187,23862,184,85171,132,998Subtotal -6.1%(630,120)142.4%2,890,449 9,701,48110,331,6016,811,032Non-Departmental 6.0%4,372,26698.6%(1,055,311)76,888,71972,516,45277,944,030Total Expenditures 100.0%% of Year 6 8 General Fund by Category Allocated Budget % 2023 2022 2023 vs Actuals Expended $ Change % Change Annual OVER/(UNDER) 2022/2023 2022/2023 Salaries & Wages 27,561,307 33,612,705 26,134,968 (1,426,339) 94.8% (7,477,737) -22.2% Benefits 10,908,318 12,457,179 9,892,228 (1,016,090) 90.7% (2,564,951) -20.6% Supplies 769,214 612,325 547,604 (221,610) 71.2% (64,720) -10.6% Repair & Maintenance Supplies 450,010 383,135 461,096 11,086 102.5% 77,961 20.3% Resale Supplies 2,500 859 0 (2,500) 0.0% (859) -100.0% Small Tools 213,203 179,442 270,919 57,716 127.1% 91,477 51.0% Technology Supplies 343,214 96,274 323,566 (19,648) 94.3% 227,292 236.1% Fleet Supplies 7,000 6,687 7,738 738 110.5% 1,051 15.7% Professional Services 23,007,332 6,904,463 22,255,045 (752,287) 96.7% 15,350,582 222.3% Communications 440,528 515,789 473,134 32,606 0.0% (42,655) -8.3% Professional Development 571,050 395,311 452,144 (118,906) 79.2% 56,833 14.4% Advertising 66,300 44,856 46,861 (19,439) 70.7% 2,005 4.5% Rentals 1,298,060 188,473 1,003,426 (294,634) 77.3% 814,953 432.4% Technology Services 1,031,264 786,143 610,245 (421,019) 59.2% (175,898) -22.4% Utilities 2,244,354 2,366,955 2,345,382 101,028 104.5% (21,573) 0.0% Repairs & Maintenance Services 1,286,418 2,567,904 1,535,753 249,335 119.4% (1,032,152) -40.2% Other Expenditures 687,899 626,722 472,941 (214,958) 68.8% (153,781) -24.5% Total Operating Expenditure 70,887,971 61,745,222 66,833,049 (4,054,922)94.3% 5,087,827 8.2% Capital-Land - 98,699 2,561,209 (4,635,171) N/A 2,462,511 2495.0% Other Capital Improvements - - - - - Machinery & Equipment 1,227,831 289,145 1,093,290 (134,541) 89.0% 804,145 278.1% Principal 0 140,106 776,163 776,163 N/A 636,056 454.0% Interest Expense 0 12,058 78,855 78,855 N/A 66,798 554.0% Transfers Out 5,828,229 10,231,223 5,546,153 (282,076) 95.2% (4,685,070) -45.8% Total Non-Operating Expenditures 7,056,060 10,771,231 10,055,670 2,999,610 142.5% (715,560) -6.6% Total Expenditures 77,944,031 72,516,452 76,888,719 (1,055,312) 98.6% 4,372,266 6.0% Change BUDGET ACTUAL COMPARISON OF RESULTS 6 9 Revenue / Expenditure 5 Year Trend DiffExpRevYear 1,591,386 76,888,720 78,480,106 2023 6,661,944 59,597,232 66,259,176 2022 7,869,939 54,598,304 62,468,243 2021 3,744,456 52,903,895 56,648,351 2020 5,553,736 56,269,134 61,822,870 2019 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 2019 2020 2021 2022 2023 Th o u s a n d s Rev/Exp 5 yr. Trend Rev Exp 7 0 Looking Ahead Unbudgeted retro pay in August 2024 B&O Tax revenue under target in 2024 No more ARPA funding in 2025 B&O Year-end filers revenue will be in 2025 7 1 7 2 ITEM INFORMATION STAFF SPONSOR: ADAM SCHIERENBECK ORIGINAL AGENDA DATE: 6/24/24 AGENDA ITEM TITLE Quarterly B&O Tax Report CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other Mtg Date 6/24/24 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 A quarterly report is being provided to the city council in accordance with TMC 3.27.170(B) on public safety funding associated with the Business and Occupation Tax. REVIEWED BY Trans&Infrastructure Svcs Community Svcs/Safety Finance & Governance Planning & Community Dev. LTAC Arts Comm. Parks Comm. Planning Comm. DATE: COMMITTEE CHAIR: RECOMMENDATIONS: SPONSOR/ADMIN. Finance Department COMMITTEE COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $ $ $ Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION 6/24/24 MTG. DATE ATTACHMENTS 6/24/24 Informational Memorandum dated 6/17/24 COUNCIL AGENDA SYNOPSIS ----------------------------------Initials --------------------------------- ITEM NO. Meeting Date Prepared by Mayor’s review Council review 6/24/24 AJS 4.C 73 74 TO: Committee of the Whole FROM: Tony Cullerton, Interim Finance Director BY: Adam Schierenbeck, Senior Fiscal Coordinator CC: Mayor McLeod DATE: June 17, 2024 SUBJECT: Quarterly B&O Tax Report ISSUE The Finance Department is hereby providing a quarterly report to the city council on public safety funding associated with the Business and Occupation Tax. BACKGROUND On November 28, 2022, the City Council passed Ordinance No. 2689, establishing a B&O tax on business activities within the City. The tax was implemented to fund public safety positions with the Police Department, with revenues being allocated to the City’s general fund. At the time, the annual amount of revenue projected for B&O tax was $3 million based on estimates. Ordinance No. 2689 requires the Finance Director to provide a quarterly report to City Council on public safety funding associated with the B&O tax, as codified in TMC 3.27.170(B). DISCUSSION The total B&O tax revenue collected as of June 12, 2024 is $336,096.20. This amount was paid by 400 businesses in aggregate for the Quarter 1, 2024 reporting period. A total of 553 businesses are assigned to a quarterly filing frequency. Thus, the compliance rate for quarterly filers is 72 percent. This increased from a 65 percent compliance rate after the Tax Division mailed delinquent notices to businesses that had not filed a return. Tax Division staff continue to work on compliance efforts to collect any remaining unfiled quarterly returns and to identify additional unlicensed businesses which may owe B&O tax. A total of 67 unlicensed businesses have been contacted regarding their need to obtain a license, and thereby register for the B&O tax, with a compliance rate of 30 percent. The aforementioned information is based on data available as of June 12, 2024. Filing Frequency 553 businesses are assigned to a quarterly B&O tax filing frequency. An additional 1,239 businesses are assigned to file returns annually. Annual filing is assigned to businesses with an anticipated annual B&O tax liability ranging from $0 to a maximum of $1,275. Much of the revenue associated with Annual 2024 B&O tax returns may be recognized in the 2025 fiscal year as a result of the April 30, 2025 annual filing due date. FINANCIAL IMPACT 75 Initial B&O tax budget estimates were based on limited information that was available to the City at the time. Based on actual returns filed for Quarter 1, 2024, the annual B&O tax revenue is expected to be $2.434 million, resulting in a $566,000 difference compared to original estimates. This revised estimate assumes a 100 percent compliance rate and is based on projections using the limited business income information that is available. Of the $2.434 million annual estimated B&O tax revenue, $434,000 is anticipated to be received from annual filers in the 2025 fiscal year, thus bringing the 2024 revenue estimate to $2 million. RECOMMENDATION n/a ATTACHMENTS n/a 76 UPCOMING MEETINGS AND EVENTS JUNE AND JULY 2024 City Council meetings and Council Committee meetings will be conducted in a hybrid model, with in-person and virtual attendance available. JUNE 24 MON JUNE 25 TUE JUNE 26 WED JUNE 27 THU JUNE 28 FRI JUN 29 SAT Finance and Governance Committee Meeting 5:30 PM City Hall – Hazelnut Room Hybrid Meeting Transportation Infrastructure Services Meeting 5:30 PM 6300 Building – 2nd Floor Duwamish Conference Hybrid Meeting City Council Committee of the Whole Meeting 7:00 PM City Hall Council Chambers Hybrid Meeting Special Arts Commission 6:00 PM Hybrid Meeting Come buy fresh produce grown by refugees and immigrants in our community. EBT accepted. 3:00 PM – 6:00 PM Tukwila Village Plaza 14350 Tukwila Intl Blvd Planning Commission 6:30 PM Hybrid Meeting URGENT NEED! DONATE AND ENTER TO WIN A BOTE INFLATABLE PADDLE BOARD AND LIFE VEST! It takes 1,000 donors a day to sustain a blood supply for patients in our community. Click here to schedule an appointment. Or call 1-800-398-7888. You can also donate umbilical cord blood after the birth of your baby to save a life. Click here for information. PET LICENSE LATE FEES WAIVED THRU JUNE 30! Your license helps fund vital, life-saving work. 8:30 AM – 4:00 PM Mondays – Thursdays Tukwila City Hall6200 Southcenter Blvd Or license online here. Or call 206-296-2712. JULY 1 MON JULY 2 TUE JULY 3 WED JULY 4 THU JULY 5 FRI JULY 6 SAT Work Session 5:30 PM City Hall Council Chambers Hybrid Meeting City Council Regular Meeting 7:00 PM City Hall Council Chambers Hybrid Meeting Library Advisory Board *Cancelled* Come buy fresh produce grown by refugees and immigrants in our community. EBT accepted. 3:00 PM – 6:00 PM Tukwila Village Plaza 14350 Tukwila Intl Blvd COMMUNITY BOOK CLUB Join us for our 1st annual Tukwila Parks & Recreation Book Club. 6:00 PM – 7:30 PM Tukwila Community Center Meeting Room A 112424 42nd Ave S Click here for information. City offices and Community Center closed. PICKLEBALL EVENT Join us for a day of pickleball skills camps, games, scrambles and festivities as we celebrate Independence Day with a day of good ol’ fun! 9:00 AM – 2:00 PM Click here for information. CITY HALL & 6300 BUILDINGS ARE OPEN TO THE PUBLIC MONDAYS THRU THURSDAYS 8:30 AM – 4:00 PM JUL 3 - COMMUNITY BOOK CLUB 6:00 PM – 7:30 PM TUKWILA COMMUNITY CENTER Join us for our 1st annual Tukwila Parks & Recreation Book Club. Click here for more information. JUL 4 - PICKLEBALL EVENT 9:00 AM – 2:00 PM Free event for all ages. Location to be determined. Click here for more information. JUL 11 & AUG 8 - PUZZLE PARTY SOCIALS 6:00 PM – 8:00 PM TUKWILA COMMUNITY CENTER Free event for ages 8 and up. See above for more information. AUG 6 - NATIONAL NIGHT OUT SIGN-UP YOUR NEIGHBORHOOD BBQ! City leaders and staff, police officers and firefighters will stop by your gathering for food, fun and conversation on August 6. Click here for more information. NOW THRU AUG 29 - TREE GIVEAWAYS! Tukwila residents can apply for FREE trees. Must apply by Aug 29. Click here for more information. SPRAY PARK IS OPEN FOR THE SUMMER! 10:00 AM - 8:00 PM DAILY TUKWILA COMMUNITY CENTER – 12424 42ND AVE S Free aquatic playground for families. Have a picnic while your children have fun at the Spray Park! JOIN US FOR MANY FUN AND FREE SUMMER EVENTS! There’s something for everyone. Live music and dance, movies, games and food trucks! Click here for more information. NEIGHBORHOOD WATCH GROUP HELP Police Community Engagement Coordinator can help to create a neighborhood watch group in your neighborhood and apartments. Click here to email Brooke Lamothe. FREE CRIME PREVENTION SURVEY FOR BUSINESSES TO ENHANCE SECURITY Police Community Engagement Coordinator will visit your business to conduct a security assessment and recommend making your business more secure. Allow up to 2 weeks for an appointment date confirmation. Click here to make an appointment. FOOD BANK OPENS: TUESDAYS, THURSDAYS AND SATURDAYS 10:00 AM – 2:30 PM 3118 S 140TH ST, TUKWILA VOLUNTEERS – In need of volunteers for food packaging or food distributions. To volunteer, click here to sign up. DONORS – Please donate at tukwilapantry.org/please-donate/. Donations can be dropped off on Tuesday-Saturday from 8 AM – 11 AM or by appointment. Click here for a current list of items in need. FUN ACTIVITIES AND OTHER EVENTS AT TUKWILA LIBRARY Click here for information. FREE EMPLOYMENT SERVICES AND SKILLS TRAINING PROGRAMS This is a monthly event hosted by Puget Sound Training Center. Reasonable accommodation for people with disabilities is available by request. Click here for information. SCHEDULE YOUR FREE BULK ITEM PICKUP! Tukwila residents can schedule a pickup of up to 4 free non-appliance bulky items, plus extra trash and smaller items. Click here for information. To schedule pickup, call 206-944-3900 or email Tukwila@recology.com. 77 sdfsdfsdfsdfsdfsTentative Agenda Schedule MEETING 1 – REGULAR MEETING 2 – C.O.W. MEETING 3 – REGULAR MEETING 4 – C.O.W. JUNE 3 See below links for the agenda packets to view the agenda items: June 3, 2024 Work Session June 3, 2024 Regular Meeting JUNE 10 See below links for the agenda packets to view the agenda items: June 10, 2024 Committee of the Whole Meeting JUNE 17 See below links for the agenda packets to view the agenda items: June 17, 2024 Work Session *cancelled* June 17, 2024 Regular Meeting JUNE 24 See below links for the agenda packets to view the agenda items: June 24, 2024 Committee of the Whole Meeting MEETING 1 – REGULAR MEETING 2 – C.O.W. MEETING 3 – REGULAR MEETING 4 – C.O.W. JULY 1 WORK SESSION Tukwila South Development Agreement update. REGULAR MEETING PRESENTATION Promotional Swearing in of Police Commander Phil Glover. CONSENT AGENDA - Application for Lodging Tax Funds from Explore Seattle, Southside for World Cup Station Domination, in the amount of $119,275.00 NEW BUSINESS - Briefing on funding options for City’s response to asylum seekers. JULY 8 JULY 15 WORK SESSION 2023-2024 Tukwila Comprehensive Plan Update: Review of Individual Elements (Part 1 of 2). REGULAR MEETING CONSENT AGENDA - Authorize the Mayor to sign contract amendment with Foster Garvey. UNFINISHED BUSINESS - Authorize the Mayor to sign a grant agreement with King County for the 2024 Veterans, Seniors and Human Services Levy, in the amount of $229,500.00. - Discussion on 2025-2026 Biennial Budget: 1) Capital Improvement Program 2) All Funds and Projects. JULY 22 PRESENTATION Update from Recology. PUBLIC HEARINGS Ordinance updating ADU regulations. SPECIAL ISSUES - Ordinance updating ADU regulations. - Ordinance amending tiny home village regulations. - Quarterly finance report. Special Meeting to follow Committee of the Whole Meeting. 78