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HomeMy WebLinkAboutReg 2024-11-04 Item 6B.1 / 7B.1 - Public Hearing - 2025-2026 Biennial Budget / 2025-2030 Financial Planning Model and Capital Improvement ProgramCOUNCIL AGENDA SYNOPSIS Initials Meeting Date Prepared by Mayor's review Council review 11/4/24 Tony ITEM INFORMATION ITEM No. 6.B.(1) 7.B. (1) STAFF SPONSOR: TONY CULLERTON ORIGINAL AGENDA DATE: 11/4/24 AGENDA ITEM TITLE Biennial Budget: Ordinance adopting the 2025-2026 Biennial Budget and 2025-2030 Capital Improvement Program CATEGORY ® Discussion Mtg Date 11/4/24 ❑ Motion Mtg Date ❑ Resolution Mtg Date ® Ordinance Mtg Date 11/25/24 ❑ Bid Award Mtg Date ® Public Hearing Altg Date 11/4 ❑ Other /Virg Date SPONSOR ❑ Council ❑ Mayor ❑ Admin Svcs ❑ DCD ® Finance ❑ Fire ❑ PdaR ❑ Police ❑ PW SPONSOR'S SUMMARY Staff will be presenting an ordinance adopting the preliminary 2025-2026 Biennial Budget and 2025-2030 Capital Improvement Program at the 11/4 Public Hearing. A final Public Hearing will be held on November 18th .The City Council is being asked to approve the budget legislation at the November 25th Special Meeting. REVIEWED BY ❑ Trans&Infrastructure Svcs ❑ Community Svcs/Safety ❑ Finance & Governance ❑ Planning & Community Dev. ❑ LTAC DATE: ❑ Arts Comm. ❑ Parks Comm. ❑ Planning Comm. COMMITTEE CHAIR: N/A RECOMMENDATIONS: SPONSOR/ADMIN. Finance COMMITTEE N/A COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION 11/4/24 MTG. DATE ATTACHMENTS 11/4/24 Informational Memorandum Draft ordinance Preliminary 2025-2026 Budget Presentation 163 164 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON; ADOPTING THE BIENNIAL BUDGET OF THE CITY OF TUKWILA FOR THW 2025-2026 BIENNIUM; ADOPTING THEW 2025-2030 FINANCIAL PLANNING MODEL AND ACCOMPANYING CAPITAL IMP OVEMENT PROGRAM; PROVIDING FOR RABILITY; AND ESTABLISHING AN EFF IVE DATE. WHEREAS, the preliminary budget of th City of T wila for the 2025-2026 biennium was submitted to the City Council in a timely manner for their review; and WHEREAS, a Public Hearing on the proposed budget was advertised and held on November 4, 2024 and November 18, 2024; and WHEREAS, as budget oversight is one of its key legislative responsibilities, the City Council conducted a thorough process to deliberate the proposed 2025-2026 Biennial Budget; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. The City Council hereby adopts the document entitled "City of Tukwila 2025- 2026 Biennial Budget," incorporated by this reference as if fully set forth herein, in accordance with RCW 35A.34.120. Section 2. The City Council hereby adopts the document entitled "2025-2030 Financial Planning Model and accompanying Capital Improvement Program" incorporated by this reference as if fully set forth herein. Section 3. The totals of the estimated revenues and appropriations for each separate fund and the aggregate totals are as follows: 2024 Legislation: 2025-2026 Biennial Budget Version: 10/31/24 Staff: T. Cullerton Page 1 of 3 165 000 General 101 Hotel/Motel 103 City Street 104 Arterial Street 105 Contingency 109 Drug Seizure Fund 2XX LTGO Debt Service Funds 213 UTGO Bonds 206 LID Guaranty 233 2013 LID 301 Land Acquisition, Recreation & Park Dev. 303 General Government Improvements 304 Fire Improvements 305 Public Safety Plan 306 City Facilities 401 Water 402 Sewer 411 Foster Golf Course 412 Surface Water 501 Equipment Rental 502 Insurance Fund 503 Insurance - LEO 611 Firemen's Pensio Total Total Expenditures $169,856,549 5,356,370 7,857,573 21,906,836 7,775,600 500,762 9,481,650 10,089,708 815,243 1,451,499 13 7,427 64,512 00,000 3, 73 3,116, 25,770,893 35,939,213 7,599,196 40,587,553 14,115,887 20,405,276 1,102,194 2,032,466 Total Revenues $169,856,549 5,356,370 7,857,573 21, 906, 836 7,775,600 500,762 9,481,650 10,089,708 815,243 1,451,499 13,137,427 1,164, 512 1,200,000 3,286,573 3,116,686 25, 770, 893 35, 939, 213 7,599,196 40, 587, 553 14,115, 887 20,405,276 1,102,194 2,032,466 $404, 549, 666 $404, 549, 666 Section 4. A co -te co• of the final budget for 2025-2026, as adopted, together with a copy of this adop o- ance, shall be kept on file electronically by the City Clerk and accessible from the 's website in accordance with Washington State records retention schedule requirements and City policy, and shall be made available to the public upon request. A complete copy of the final budget for 2025-2026, as adopted, together with a copy of this adopting ordinance, shall be transmitted by the City Clerk to the Division of Municipal Corporations of the Office of the State Auditor and to the Association of Washington Cities. Section 5. A complete copy of the 2025-2030 Financial Planning Model and accompanying Capital Improvement Program shall be kept on file electronically by the City Clerk and shall be accessible from the City's website in accordance with Washington State records retention schedule requirements and City policy and shall be made available to the public upon request. 2024 Legislation: 2025-2026 Biennial Budget Version: 10/31/24 Staff: T. Cullerton Page 2 of 3 166 Section 6. The assumptions, revenues and expenditures within the 2025-2030 Financial Planning Model and accompanying Capital Improvement Program will be reviewed and updated biennially, or as necessary, by the City Council. Section 7. The detail of Capital Improvement Program projects shall be reflected in the published 2025-2030 Financial Planning Model and accompanying Capital Improvement Program. Section 8. Corrections by City Clerk or Code Reviser Authorized. Upon approval of the City Attorney, the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section/subsection numbering. Section 9. Severability. If any section, subsection, • graph, sentence, clause or phrase of this ordinance or its application to any perso tuation should be held to be invalid or unconstitutional for any reason by a c of . petent jurisdiction, such invalidity or unconstitutionality shall not affect validity onstitutionality of the remaining portions of this ordinance or its appli on tny othe •erson or situation. Section 10. Effective Date. This ordinance ummary thereof shall be published in the official newspaper of the City, a ' . II take ect and be in full force five days after passage and publication as provide PASSED BY THE CITY CO OF E CITY OF TUKWILA, WASHINGTON, at a Special Meeting thereof thi day , , 2024. ATTEST/AUTHENTICATED: Andy Youn, CMC, City CI% " Thomas McLeod, Mayor APPROVED AS TO FORM BY: Office of the City Attorney 2024 Legislation: 2025-2026 Biennial Budget Version: 10/31/24 Staff: T. Cullerton Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: Page 3 of 3 167 168 CITY OF TUKWILA 2025-26 1 1 1.1.1b BUDGE DEVELOPMENT PROCESS I November 4, 2024 - City Council Meeting- Budget Public Hearing The City of opportunity, the community of choice. Council Budget Process: Meetings/Topics to Date • October 7 - Mayor Budget Presentation, discussion of revenues and expenses, balancing & non -General Fund operating budgets. • October 14-General Fund department presentations, Council budget Q&A. • October 21 -General Fund department presentations concluded, Council budget Q&A. • October 28 -Assumptions, trade-offs, six -year forecast, property tax presentation, Public Hearing on property tax, Council budget Q&A. • November4-Six-yearClP, staffing, 1st Public Hearing on budget, 2025 Levy Ordinances, Council questions/discussion/deliberation City of Tukwila 2025-26 Budget Development 2 Council Budget Process: Today's Schedule • November 4: • Work Session: • Six -Year CIP • Council Deliberations & Discussion on Trade-offs • Regular Meeting: • Public Hearing: 2025/2026 Biennial Budget, Capital Improvement Program, and 2023/2024 Budget Amendment • Consideration of 2025/2026 Budget & CIP Ordinances, 2023/2024 Budget Amendment Ordinance • 2025 Levy Ordinances City of Tukwila 2025-26 Budget Development 3 Council Budget Process: Upcoming Schedule • November 18: • Work Session: • Council questions/discussion/deliberations • Puget Sound Fire Q&A with Chief Carson • Regular Meeting: • 2nd Public Hearing on 2025/2026 Budget • Final Fee Recommendations (part 2) • Budget Ordinance • Levy Ordinance (if forwarded from November 4th meeting) • Note: State law requires the City's property tax levy for 2025 collections be filed with the County Assessor by November 30th. City of Tukwila 2025-26 Budget Development 4 Council Budget Process: Upcoming Schedule • November25: • Special Meeting: • Resolution adopting the consolidated fee schedule • Ordinance adopting the 2025/2026 Biennial Budget • Resolution adopting the Financial Planning Model and six -year CIP • Ordinance amending the 2023/2024 Biennial Budget • Note: State law requires the City to adopt a budget for the next year's operations by December 31 St. City of Tukwila 2025-26 Budget Development 5 v 25/26 Budget - GF Revenue by Type General Fund Revenues 2024 Adopted 2025 Proposed 2026 Proposed Taxes 56, 404, 000 51, 976, 379 53, 854, 765 Licenses & Permits 5,088,743 5,430,700 5,541,455 Intergovernmental 7,432,484 5,313,474 5,232,020 Charges for Services 2,841,121 2,612,121 2,461,020 Miscellaneous 2,165, 495 1,448,363 1,428,954 IndirectAllocation 2,963,517 3,111, 694 3,267,278 Transfers In 1,787,849 1,494,619 1,419,637 Land Sale 4,700,000 5,000,000 Total GF Revenue 78,683,209 76,087,350 78,205,129 Section 2, page 12 City of Tukwila 2025-26 Budget Development 6 25/26 Biennium Budget Transfers In 1.9% Indirect Allocation 4.1% Miscellaneous 1.9% Charges for Services 3.3% Intergovernmental 6.8% Licenses & Permits 7.1% Section 2, page 12 Land Sales 6.3% GF Revenue by Type City of Tukwila 2025-26 Budget Development 7 25/26 Budget — GF Tax Revenue by Type General Fund Taxes 2024 Adopted 2025 Proposed 2026 Proposed Property Tax 18,124, 000 11, 999, 227 12, 215, 213 Sales & Use Tax 22,655,000 24,446,986 25,538,915 Utility Tax (Private) 4,300,000 4,493,702 4,702,390 Utility Tax (Internal) 2,784,300 3,167,729 3,364,735 Gambling & excise tax 4,665,700 4,609,500 4,724,500 Admissions tax 875,000 859,235 885,012 B&O Tax 3,000,000 2,400,000 2,424,000 Total Tax 56,404,000 51,976,379 53,854,765 Section 2, page 13 City of Tukwila 2025-26 Budget Development 8 25/26 Biennium Budget — GF Tax Revenue by Type Gambling & Excise Tax, 8.9°/° Utility Tax (Internal) 6.1% Utility Tax (Private) 8.6% Section 2, page 14 Property Tax 23.1% Sales 8 Use Tax 47.0% B8O Tax 4.6% Admissions Tax 1.7% City of Tukwila 2025-26 Budget Development 9 25/26 Budget — GF Expense by Department DEPARTMENT 2024 Adopted 2025 Proposed 2026 Proposed City Council Mayor's Office $ 393,067 2,828,050 $ 400,093 9,577,599 $ 431,254 9,830,590 Administrative Services 5,621,624 - Finance Department 4,625,307 4,343,230 4,429,561 Parks & Recreation Department 5,808,439 6,769,151 7,050,622 Community Development 5,063,237 5,732,921 5,978,627 Municipal Court 1,859,399 2,264,525 2,378,206 Police Department 23,790,337 28,354,527 29,600,130 Fire Department 15,605,441 1,398,192 1,410,125 Public Works Dept 8,002,142 9,738,964 10,205,851 Non -Departmental 1,362,046 2,362,046 Total Department Expenditures $ 73,597,044 $ 69,941,248 $ 73,677,013 Transfers $ 5,865,345 $ 4,663,479 $ 4,486,797 Total Expenditures $ 79,462,388 $ 74,604,727 $ 78,163,810 Section 2,page 20 City of Tukwila 2025-26 Budget Development 10 GF Expense by Department — 25/26 Biennium Public Works 13% Transfers Out 6°/0 Community Development 8% Non Departmental 2% Section 2, page 21 Police 38% Mayor's Office 13% Fire 2% Finance 6% Parks & Recreation 9% Court 3% City Council 0.5% City of Tukwila 2025-26 Budget Development 11 2025/2026 Biennial Budget By Fund Type Fund 2025 Beginning Fund Balance 25/26 Resources 25/26 Expenditures 2026 Ending Fund Balance Total General & Contingency $ 22,869,030 $ 154,763,118 $ 152,768,537 $ 24,863,612 Total Special Revenue Funds 3,715,432 2,141,700 2,423,822 3,433,311 Total Debt Service Funds 1,792,449 20,045,650 20,409,850 1,428,249 Total Capital Projects Funds 13,071,740 38,597,866 40,801,129 10,868,478 Total Enterprise Funds 27,375,924 82,520,931 96,054,457 13,842,399 Total Internal Service Funds 5,239,005 30,384,352 25,766,819 9,856,538 Total Fiduciary Funds 1,722,466 310,000 164,000 1,868,466 TOTAL BUDGET $75,786,047 $328,763,617 $338,388,614 $66,161,053 Section 1, pages 4 & 5 City of Tukwila 2025-26 Budget Development 12 2025 - 2026 Biennium Staffing Summary DEPARTMENT / FUND City Council Current Proposed Proposed Change 2024-2025 Change 2025-2026 2024 2025 2026 8 8 8 0 0 Mayor's Office 29.29 29.29 29.29 0 0 Lodging Tax Fund 0.25 0.25 0.25 0 0 Finance Department 15 15 15 0 0 Parks & Recreation 24.5 25.75 25.75 1.25 0 Community Development 28.75 28.75 28.75 0 0 Municipal Court 11.9 11.9 11.9 0 0 Police Department 98 100 100 2 0 Fire 0 0 0 0 0 Public Works 28 29.75 29.75 1.75 0 Water Fund 7.98 8.56 8.56 0.58 0 Sewer Fund 8.49 5.87 5.87 -2.62 0 Surface Water Fund 15.49 18.28 18.28 2.79 0 Fleet Fund 5 5 5 0 0 Arterial Streets Fund 4.6 6.1 5.5 1.5 -0.6 Golf Course Fund 10.75 10.5 10.5 -0.25 0 TOTAL 296 303 302.4 7 -0.6 New table City of Tukwila 2025-26 Budget Development 13 Wrap Up/Q&A ICity of Tukwila 2025-26 Budget Development 14