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HomeMy WebLinkAboutSpecial 2024-11-25 Item 2B.1 - Budget - 2025-2026 Biennial Budget / 2025-2030 Financial Planning Model and Capital Improvement ProgramCOUNCIL AGENDA SYNOPSIS Initials Afeetang Date Prepared f . Mayor's review Council revaeu. 11/4/24 Tony 11/18/24 Tony 11/25/24 Tony ITEM INFORMATION ITEM No. 4.B. (1) Spec 2.B. (1) STAFF SPONSOR: TONY CULLERTON ORIGINAL AGENDA DATE: 11/4/24 AGENDA ITEMTr1LE Biennial Budget: Ordinance adopting the 2025-2026 Biennial Budget and 2025-2030 Capital Improvement Program CATEGORY Discussion Mt Date 11/18/24 Motion Mt Date Resolution Aft Date ® Ordinance Mt Date 11/25/24 Bid Award Mt Date ® Public Dearing Other Mt Date 11/4 Mtg Dak SPONSOR ❑ Council Mayor ❑ Adman 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&Infrastnzcture Svcs ❑ Community Svcs/Safety ❑ Finance & Governance ❑ Planning & Community Dev. ❑ LTAC DATE: ❑ Arts Comm. ❑ Parks Comm. ❑ Planning Comm. COMMT1'I'EE CHAIR N/A RECOMMENDATIONS: SPONSOR/ADI,UN. Finance COMMI1`1'RE 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 Forwarded to next regular meeting 11/25/24 MTG. DATE ATTACHMENTS 11/18/24 Draft Ordinance (revised after 11/4 Regular Meeting) 11/25/24 Draft Ordinance (revised after 11/18 Regular Meeting) Summary of Changes 21 22 NOTE: Shaded text denotes changes made after the Regular Meeting packet of November 18, 2024. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON; ADOPTING THE BIENNIAL BUDGET OF THE CITY OF TUKWILA FOR THE 2025-2026 BIENNIUM; ADOPTING THE 2025-2030 FINANCIAL PLANNING MODEL AND 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 thorough process to deliberate the proposed 2025-2026 Biennial Budget; WHEREAS, the City Council desires to modify the Mayor's proposed 2025-2026 budget in Ft'n,r 000, General Fund; 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 . ,ereby amends the Mayor's proposal and adopts the document entitled "City of Tukwila 2025 -2026 Biennial Budget," and its exhibit A, "Summary of Changes from Mayor's Proposed Budget,' incorporated by this reference as if fully set forth herein, in accordance with RCW 35A.34.120. 2024 Legislation: 2025-2026 Biennial Budget Version: 11/20/24 Staff: T. Cullerton Page 1 of 4 23 Section 2. Staff will identify opportunities to enhance existing revenue streams and implement new revenue sources and return to the City Council with a report on all revenue options to safeguard the City's fiscal health and mitigate the impact of rising expenditures no later than mid -year 2025. Section 3. 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 4. The totals of the estimated revenues and appropriations for each separate fund and the aggregate totals are as shown in the chart below: Fund csiiinaieu Budgeted Budgeted Estimated Beginning Fund Ending Fund Balance Revenues Expenditures Balance 000 General 15.564.070 154,292,479 153,573,762 16,282,787 101 Hotel/Motel 3.410.870 1,945.500 2.677.E 2.678,548 103 City Street 1,858.573 5.999.000 5.803.000 2.054,573 104 Arterial Street 5.278.834 16.628,002 18.077 377 3.829,459 105 Contingency 7,304,961 470,639 0 7.775,600 109 Drug Seizure Fund 304.562 196.200 14� 354.762 2xx LTGO Debt Service Funds 0 9.481.650 9.481.650 0 213 UTGO Bonds 479.708 9.610.000 9.991.200 98.508 206 LID Guaranty 799.243 16,000 0 815,243 233 2013 LID 513.499 938,000 937.000 514,499 301 Land Acquisition, Recreation & 4.130.437 9.006.990 10.320,841 2.816.586 Park Dev. 303 General Government 324.512 840,000 938.000 226,512 Improvements 304 Fire Improvements 0 1,200,000 1,200,000 0 305 Public Safety Plan 1.056.573 2.230.000 2.636.673 649,900 306 City Facilities 422.811 2.693,874 1,825.238 1.291,447 401 Water 4.174.701 21.596,192 23.117,822 2.653,071 402 Sewer 10.310.151 25.629,062 33.381,410 2,557,803 411 Foster Golf Course 2.024.196 5,575,000 6.262.E 1,337,147 412 Surface Water 10.866.876 29.720,677 33.868,024 6,719,529 501 Equipment Rental 1.808.659 12.307,228 11.104,567 3,011,320 502 Insurance Fund 3.393.651 17.257,744 13.640,396 7,010,999 503 Insurance - LEOFF 1 Fund 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 $75,786,048 $329,009,736 $340,168,687 $64,627,097 2024 Legislation: 2025-2026 Biennial Budget Version: 11/20/24 Staff: T. Cullerton Page 2 of 4 24 Estimated Beginning Fund Budgeted Revenues Budget Expenditures Estimated Ending -Fund Balance 00A-General 152,768,537 105 Contingency 3410,870 1 945.500 2,277,822 3.078.548 101 Lodoino T 5,803,000 103 Rl Streets 5 278.834 16 628.002 18, 077, 377 3.829.4159 109 Drug Seizure 30'1,562 196.200 146,000 354 762 2XX LTGO Debt Service 9,481,660 206 LID Guaranty 479,708 9,991,200 213 UTGO Bond 233 2013 LID 513499 937,000 301 Land Acquisition, Recreation & Park Dev. 303 General Government 1 P 32'1.512 8410.000 938,000 226.512 30'1 Fire Impact Fees 8 1,200,000 305 Public Safety Plan 1 056,573 2,636,673 306 City Faciliti 1,826,238 '101 Water 417'1,701 23,117, 822 4102 S 33, 381,410 'I 11 Foster Golf Course 2 024.196 6,262,049 412 Surface W 33,293,176 11,104,567 3.011.320 13, 640, 396 5 hcare Plan 36,695 1.065.499 1,021,856 80.338 611 Firomon'c Pon,,ion 164,000 $328,763,617 $338, 3 4 Section 5. A complete copy of the final budget for 2025-2026, as adopted, together with a copy of this adopting ordinance, shall be kept on file electronically by the City Clerk and 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. 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 6. 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 2024 Legislation: 2025-2026 Biennial Budget Version: 11/20/24 Staff: T. Cullerton Page 3 of 4 25 State records retention schedule requirements and City policy and shall be made available to the public upon request. Section 7. 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 8. The detail of Capital Improvement Program projects shall be reflected in the published 2025-2030 Financial Planning Model and accompanying Capital Improvement Program. Section 9. 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 10. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. Section 11. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force five days after passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Special Meeting thereof this day of , 2024. ATTEST/AUTHENTICATED: Andy Youn, CMC, City Clerk Thomas McLeod, Mayor APPROVED AS TO FORM BY: Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Office of the City Attorney 2024 Legislation: 2025-2026 Biennial Budget Version: 11/20/24 Staff: T. Cullerton Ordinance Number: Page 4 of 4 26 EXHIBIT A 2025 — 2026 BUDGET ORDINANCE Summary of Changes from Mayor's Proposed Budget Fund 2025 2026 Total EXPENDITURES General Fund Technology & Innovation Services 170,619 185,297 355,916 Municipal Court 65,000 67,752 132,752 Police Dept 56,804 59,754 116,558 Non Dept (20) 65,000 135,000 200,000 General Fund Total 357,423 447,803 805,226 Hotel / Motel (50,000) 450,000 400,000 Surface Water Fund 275,265 299,583 574,848 Total Expenditures 582,688 1,197,386 1,780,074 REVENUES Employee Healthcare Fund 77,582 83,789 161,371 Expenditures General Fund Technology & Innovation Services Propose the addition of one full-time equivalent (FTE) position to mitigate single points of failure within the organization. This role would also support succession planning for security and IT system architecture, ensuring critical knowledge transfer and continuity as staff advance or transition to other opportunities. The projected costs for this position are $170,619 in 2025 and $185,297 in 2026, resulting in a total biennial expenditure of $355,916. Municipal Court To advance the Courts commitment to delivering innovative services and enhancing customer operations, this initiative incorporates a strategic succession planning model and a departmental reorganization. Implementing these efforts will necessitate additional labor costs, estimated at $65,000 for 2025 and $67,752 for 2026, for a total biennial expenditure of $132,752. 27 Police Department This is an amendment to add premium pay for Officers when they are serving as the dedicated Corporal on Shift. The estimated costs are $56,804 in 2025 and $59,754 in 2026 for a total biennial cost of $116,557. Non -Departmental Tukwila Promise. The City would be a funding contributor to a partnership program led by Tukwila School District and Highline College, and State of Washington to provide free college tuition to qualifying students. The City's program contribution is projected to cost $65,000 in 2025 and $135,000 in 2026, for a total biennial investment of $200,000. Special Revenue Funds Hotel / Motel The purpose of this amendment is to align the capital project expenditure to be in alignment with the Capital Improvement Plan. The financial impact is a reduction of $50,000 in 2025 and an increase of $450,000 in 2026, for a net biennial impact of $400,000. Enterprise Fund Surface Water Fund (Fund 412) During the budget preparation process, it was identified that a couple new positions were inadvertently excluded from the initial position budget worksheet. These positions include one Full -Time Equivalent (FTE) Maintenance & Operations Specialist and one FTE Green Infrastructure Coordinator. The estimated costs for these additions are $275,265 in 2025 and $299,583 in 2026, resulting in a total biennial expenditure of $574,848. Revenues Employee Healthcare Fund (Fund502) As part of the budget process, management conducts a comprehensive analysis of each City fund. Through this evaluation, it was determined that additional revenue will be realized through contributions from both employees and employers. Additional anticipated revenues will be $40,744 in 2025 and $44,004 in 2026, for a total biennial increase of $80,748. Council Proviso Throughout the rigorous biennial budget process, it has become clear that the City cannot depend exclusively on cost-cutting measures to address future budget deficits. To ensure long-term financial stability, it will be imperative to identify new revenue sources and strengthen existing revenue streams. The City Council has directed the Finance Department to return midyear to present and discuss potential additional revenue options. 28