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Home My WebLink AboutReg 2024-11-18 Item 6B.1 / 7B.1 - Budget / Ordinance - 2025-2026 Biennial Budget / 2025-2030 Financial Planning Model & Capital Improvement ProgramCOUNCIL AGENDA SYNOPSIS Initials Meeting Date Prepared by Mayor's review Council review 11/4/24 Tony 11/18/24 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 11/18/24 ❑ Motion Mtg Date ❑ Resolution Mtg Date ® Ordinance Mtg Date 11/25/24 ❑ Bid Award Mtg Date ® Public Hearing Mtg Date 11/4 ❑ Other Mtg Date SPONSOR ❑ Council ❑ Mayor ❑ Adrnin Svcs ❑ DCD ® Finance ❑ Fire ❑ P&R ❑ 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 ❑ Arts Comm. ❑ Parks Comm. ❑ Planning Comm. DATE: 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 11/4/24 RECORD OF COUNCIL ACTION Forwarded to next regular meeting 11/18/24 MTG. DATE ATTACHMENTS 11/18/24 Draft Ordinance (revised after 11/4 Regular Meeting) 57 58 NOTE: See track changes for revisions made after the Regular Meeting packet of November 4, 2024. See Section 3. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASH! TON; ADOPTING THE BIENNIAL BUDGE F THE CITY OF TUKWILA FOR TH 5-2026 BIENNIUM; ADOPTING T 20 2030 FINANCIAL PLANNING ODEL ND ACCOMPANYING CAPITAL IMPROVEMENT PROGRAM; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the preliminary budget of the City of Tukwila 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 continued to November 18, 2024; and WHEREAS, as budget oversight is one of its key legislative responsibilities, the City Council conducted a thoroughrocess 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: 11/7/24 Staff: T. Cullerton Page 1 of 4 59 Fund Estimated Budgeted Budget Estimated Beginning Ending Fund Fund Balance Revenues Expenditures Balance 000 General 15,564,070 154,292,479 152,768,537 17,088,012 105 Contingency 3,410,870 1,945,500 2,277,822 3,078,548 101 Lodging Tax 1,858,573 5,999,000 5,803,000 2,054,573 103 Residential Streets 5,278,834 16,628,002 18,077,377 3,829,459 104 Bridges and Arterial Streets 7,304,961 470,639 0 7,775,600 109 Drug Seizure 304,562 196,200 146,000 354,762 2XX LTGO Debt Service 0 9,481,650 9,481,650 0 206 LID Guaranty 479,708 9,610 ' 40 9,991,200 98,508 213 UTGO Bonds 799,243 _. .1 0 815,243 233 2013 LID 513,499 •38,01. 937,000 514,499 301 Land Acquisition, Recreation & Park 4 130 4 9 006 990 320 841 2,816,586 Dev. 303 General Government Improvements 324, 40,000 938,000 226,512 304 Fire Impact Fees 0 ,200,000 1,200,000 0 305 Public Safety Plan 0,000 2,636,673 649,900 306 City Facilities 693 874 1,825,238 1,291,447 401 Water 4, ,701 21,596,192 23,117,822 2,653,071 402 Sewer 10,3 51 25,629,062 33,381,410 2,557,803 411 Foster Golf Course 196 5,575,000 6,262,049 1,337,147 412 Surface Water 10,866,876 29,720,677 33,293,176 7,294,377 501 Equipment Rental . Replac: -nt 1,808,659 12,307,228 11,104,567 3,011,320 502 Employe Healthca 'Ian 3,393,651 17,011,625 13,640,396 6,764,880 503 LEOFF 1 Retiree Hea re P 36,695 1,065,499 1,021,856 80,338 611 Firemen's Pension 1,722,466 310,000 164,000 1,868,466 Total All Funds Combined $75,786,048 $328,763,617 $338,388,614 $66,161,051 2024 Legislation: 2025-2026 Biennial Budget Version: 11/7/24 Staff: T. Cullerton Page 2 of 4 60 000 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: 11/7/24 Staff: T. Cullerton Page 3 of 4 61 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 t• .ny 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 C1% " Thomas McLeod, Mayor APPROVED AS TO FORM BY: Office of the City Attorney 2024 Legislation: 2025-2026 Biennial Budget Version: 11/7/24 Staff: T. Cullerton Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: Page 4 of 4 62