HomeMy WebLinkAboutReg 2025-11-03 Item 6A / 6B / 6C - Handout Distributed at Meeting - Responses from 10/27 Finance & Governance Committee MeetingResponses to Questions from 10/27/25 Finance & Governance Committee Meeting
2025 Budget Amendment
1. How much was the final cost of the fire engine that was purchased from the
interfund loan?
Original Fire Loan was approved for $1.1 M - Actual spend was $933,205 in Nov
2022. Interest only payments of approx. $30k have been paid, annually.
2. Provide further detail about the budget impact of $405,000 for the TCC HVAC. Was
this a replacement, a repair, or both?
These expenses are in relation to the TCC HVAC Replacement Project Phase 1, which
was approved by City Council last year at the May 20th meeting. In this case, Phase 1
was a replacement of the Boilers and Controls System onsite at TCC with work being
performed by McKinstry in coordination with Public Works.
What is the total cost of this project?
Total cost for Phase 1 was projected with a Guaranteed Construction Maximum (or
GMAX) of $1,735,419
Is there any grant reimbursement related to this? If so, how much and have we
already received any of the reimbursement funds? T
The city has received and finalized/closed the following grants in relation to this project:
a. Washington State Department of Commerce Appropriation = $749,810
b. King County Best Starts for Kids Capital Grant = $500,000
c. King County Veterans, Seniors, and Human Services Levy Supplemental Funding
_ $80,139
d. Total = $1,329,949
3. How much is the HR limited term position budgeted for in 2026?
Terri -Limited Senior HR Analyst Costs
2025 2026 Total
Salary 79,800.00 73 ,800.00 216,600.00
Benefits: 13,789.65 23,639.40 37,429.05
Total: 93,589.65 160,439.40 254,029,05I
The 2026 amount is for the entire year of 2026.
2026 Budget Amendment
1. Public Safety Bond fire station - debt service paid partially with fire impact
fees. What is the total bond, annual payment, and expiration date?
Handout for 11/03/2025
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The total bond consists of 3 bonds:
• UTGO 2016
o $32.99 M issued
o Maturity date 12/36
o Average annual Principal & Interest payment: $2,736,575
• UTGO 2019
o $37.77 M issued
o Maturity date: 12/38
o Average annual Principal & Interest payment: $3,218,604
• LTGO 2019
o $22.83 issued
o Maturity date 12/39
o Average annual principal & interest payment: 1,688,939
2. Provide information from HR with further assurance about the ability to make a
new position funding -dependent. Is this regarding the PW Project Manager
position?
1 FTE increase for a Parks Capital Improvement Program Project Manager. This position
is funded outside of the General Fund through various sources such as the KC Parks
Levy, REET 1, Park Impact Fee, and grants. Creation of the position allows for bringing
this work in-house at a significant savings from contracting this work out and allows for
better coordination of process. Parks CIP includes projects that are of a scale and
complexity that require advanced planning, multiple stages of environmental review,
permitting, design, and construction administration. Continuation of this project
position is contingent on available and allowable non -General Fund resources. The
position will be reduced or eliminated should funding decline or not be sufficient to
support the position.
Levy
1. How much property tax did the City collect in 2023 and 2024?
• 2023 Regular Levy 17.5M / Excess Levy 4.5m / Total Levy 21.9M
• 2024 Regular Levy 18.11 M / 4.8M Excess / Total Levy 22.99M
• 2025 Budget Regular Levy 12M / 4.7M Excess / Total Levy 16.7M
Financial Report
1. Provide info about the grant reimbursement for the Crystal Springs lighting
project.
The Crystal Springs Lighting Project is a grant reimbursement project via the Local
Parks Maintenance (LPM) Grant provided by the Washington State Recreation &
Conservation Office. The grant was for a total of $100,000 and was split across two
fiscal years with $24,000 in FY24 and $76,000 in FY25.
Handout for 11/03/2025
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