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HomeMy WebLinkAboutReg 2024-11-04 Item 6B.1 / 7B.1 - Handout Distributed at Meeting - 2025-2026 Biennial Budget: Updated Development Process PresentationNovember 4, 2024 - City Council Meeting- Budget Public Hearing CITY OF TUKWILA 2025-26 DEVELOPMENT PROCESS --rigioGre r1141 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. 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 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 I n d i rect Al to ca ti o n 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 5.8% Licenses & Permits 7.1% Section 2, page 12 Land Sales 5.3% GF Revenue by Type Taxes 68.6% 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 T a x (Internal) 2,784,300 3,167, 729 3,364,735 Gambling & excise tax 4,665,700 416091500 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 & Use Tax 47.E B&O Tax 4.6% Admissions Tax 1.7% City of Tukwila 2025-26 Budget Development 9 25/26 Budget — GF Expense by Department DEPARTM ENT 2024 Adopted 2025 Proposed 2026 Proposed City Council $ 393,067 $ 400,093 $ 431,254 Mayor's Office 2,828,050 9,577,599 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 Transfers Out Community Development 8% Non Departmental 25.4 Section 2, page 21 Public Works I3% Police 38% 25/26 Biennium Mayor's Office �3% Finance 6% Parks & Recreation City Council G. 5% Court 3% 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 $ 24,863,611 Total Special Revenue Funds Total Debt Service Funds Total Capital Projects Funds 3,715,432 1,792,449 13,071,740 2,141,700 2,423,822 3,433,310 20,045,650 20,409,850 1,428,249 38,597,866 40,801,129 10,868,477 Total Enterprise Funds 27,375,924 82,520,931 96,054,457 13,842,398 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 $66,161,050 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 10.75 10.75 0 0 TOTAL 296 303.25 302.65 7.25 -0.6 New table City of Tukwila 2025-26 Budget Development 13 Wrap Up/Q&A City of Tukwila 2025-26 Budget Development 14