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HomeMy WebLinkAboutRes 1279 - 1994-1999 Financial Planning Model and Capital Improvement Program 1LA, I Vqs NJt eG) ,w '0 r a: 1908 C ity of T ukwila Washington Resolution No. 1279 9 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ADOPTING THE 1994- 1999 FINANCIAL PLANNING MODEL AND THE GENERAL GOVERNMENT CAPITAL IMPROVEMENT PLAN. WHEREAS, the Financial Planning Model and the General Government Capital Improvement Plan (CIP) are two important parts in the City's long range planning; and WHEREAS, when used in conjunction with the annual City budget, the Capital Improvement Plan and the Financial Planning Model are resource documents to help plan directions the City will consider for the future; and WHEREAS, the Financial Planning Model and CIP are not permanent fixed plans but are rather guidelines or tools to help reflect future goals and future resources at the time annual budgets are being planned; and WHEREAS, the commitment of funds and resources can only be made through the annual budget process; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, DO HEREBY RESOLVE AS FOLLOWS: Section 1. The 1994-1999 Financial Planning Model and accompanying Capital Improvement Program (CIP) are hereby adopted. Section 2. The assumptions, revenues and expenditures shown in the model (Attachment A) will be reviewed and updated annually or as necessary by the City Council. Section 3. The General Government CIP project list is reflected in Attachment B. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a regular meeting thereof this 1 day of ,1993. 1.'10 ,4r{ /�A 111,, Steve Lawrence, Council President ATTEST/AUTHENTICATED: A Gc_..c..e. (f. Ja e E. Cantu, City Clerk APPROVED AS TO FORM: Office of the City Attorney Filed with the City Clerk: g-' Passed by the City Council: 15- 9-3 Resolution Number 79 ATTACHMENT A CITY OF TUKWILA TOTAL REVENUES EXPENDITURES 1994 1999 Analysis in 000's REVENUES 1994 1995 1996 1997 1998 1999 Totals General Revenues Sales Tax 12,072 12,434 12,807 13,448 14,119 14,825 945 Property Tax 7,477 8,038 8,641 9,483 10,241 11,060 54.0940: C harges/Fees for Service 1,300 1,378 1,460 1,548 1,641 1,739 .;9;466;'' Oper. Trans In -Other Funds 995 1,027 1,078 1,132 1,189 1,248 6 fifi9 Intergovernmental Revenue 837 826 788 831 877 925 >'Os4<` Other Taxes /Misc. 1,299 1,310 1,388 1,472 1,560 1,654 8683 Beg. Fund Balance 9,809 260 270 280 290 300 1 a>39 Subtotal 33,789 25,273 26,432 28,194 29,917 31,751 175;356. Dedicated Revenues (Capital) Real Estate Tax 250 250 300 300 300 300 aC1Q Motor Vehicle Tax 422 443 465 489 513 538 x';676; Vehicle License Tax 147 154 162 170 179 189'OQ'` Interest/Misc. 95 25 25 25 25 25 f Subtotal 914 872 952 984 1,017 1,052 5:;79:; TOTAL AVAILABLE (1 34,703 26,145 27,384 29,178 30,934 32,803 18 (1) See Attachment A -1. EXPENDITURES Oper. &Maintenance 2 20,262 21,010 21,925 23,116 24,378 25,712 :136:;403; Subtotal Available 14,441 5,135 5,459 6,062 6,556 7,091 44,744 Capital Residential Streets (3) 2,689 85 1,720 585 2,136 2,000 Park, General, Facilities (3) 3,546 3,405 750 1,480 630 730 1 v 4 Artertial Streets (3) 5,623 2,937 2,334 2,640 2,610 3,110 >y9254 Debt Service c 4 0 0 0 500 500 500 1;;5(}0;:;: Overhead /Cap. Contingency 588 617 648 681 715 750 3:;;999:: Remaining Rev. Year by Year 1,995 (1,909) 7 176 (35) 1 Accumulated Totals 1,995 86 93 269 234 235 (2) See Attachment A -2. (3) See Attachment B. (4) Allocation of Facilities funding for Community Center /Fire Station Bonds. CIP\at94 ATTACHMENT A -1 NOTES TO REVENUES GENERAL REVENUES. Sales Tax 1994 is estimated to be the projected amount for 1993 or 4% over estimate. 1995 and 1996 are projected at 3% growth. 1997, 1998, and 1999 at 5 The addition of new business' such as Home Depot, Sears, Computer City, etc., provides optimism during the economic slowdown. Normal growth of 5% beginning in 1997 appears reasonable. The sales tax allocation to the General Fund is 63% for the 1994 -1999 planning period and 37% for capital. Property Tax Is estimated to grow at a 7.5% for the period from 1994 through 1996 and at 8% for 1997 through 1999. This is based on a slow down in construction projects as reflected in DCD revenues declining over the past two years. This reflects the 106% LID formula plus modest new construction growth. Beginning in 1996, there is an additional $130,000 available each year because the City Hall Bonds will be paid off. Charges. Services. Fees Includes DCD revenues; all permits, licenses, fees, and charges; and fines forfeitures. Actuals for 1993 are on the low side and a growth of 6% is projected for the next six years. Operating Transfers -In Reflects the General fund support for Tukwila's other Capital and Enterprise funds Residential Streets, Arterial Street, Water, Sewer, Surface Water, Foster Golf Course, Land Acq. Park Rec., and Equipment Rental funds. This is expected to grow at the expenditure growth rate of 5 Intergovernmental Includes regular on -going revenues such as M.V. excise tax, liquor taxes, emergency services (EMS) allocation, and special non recurring grants. A reduction occurs in 1996 when the King County Health responsibility is transferred to King County and M.V. excise tax is reduced. The recurring on -going amount is expected to grow at 5% per year. Other Taxes/Miscellaneous Includes gambling taxes, admission taxes, interest income, developer contributions, etc. The Criminal Justice funding has been approved and is included for the next six years. These are projected to increase at a 5% rate. Beginning Fund Balance Includes the General, Street, Arterial Street, Fire Equipment Cum. Reserve, Land Acq. Parks, Facilities, and General Government Improvements Funds. Amounts after 1994 are only General fund expenditure savings carryovers. Not included is the $1.1 million "Rainy Day" amount. ATTACHMENT A -1 REVENUE NOTES CONTINUED CAPITAL REVENUES: Real Estate Transfer Tax Revenue has been uneven during the last three years. Continued estimate of $250,000 for 1994 -1995 and $300,000 for 1996 -1999 is projected. Motor Vehicle/License Taxes Consistent revenues which are estimated to increase at a 5% rate during the forecast period. Investment Interest/Miscellaneous Based on cash available each year. OTHER FUNDING C.LP. Onlv, Grants Only the grants which have been approved or are given a very high probability of being approved are shown as revenues. Developers Reflects both contractual developer agreements and non committed amounts. Projects that do not receive the developer funding will be put on hold. Bonds Non -Voted Bonds for capital construction of the Community Center and Fire Station #53 in the amount of $6 million is reflected on Attachment B, page 2 in 1995 Facilities. c094 -z ATTACHMENT A -2 Notes to Operations Maintenance Expenditures in 000's 1994 1999 1994 1995 1996 1997 1998 1999 Totals City Council 115 125 132 138 146 154 ;:8113 Mayor, Boards 1,065 1,108 940 989 1,046 1,107 "<65 Admin. Svcs. 1,340 1,384 1,455 1,529 1,608 1,691 "9;OQ7`: Finance 795 858 905 955 1,007 1,063 ;5`; City Attorney 280 310 325 341 358 376 <9 Rec. /Parks 1,175 1,204 1,270 1,340 1,414 1,491 >7 9` DCD 1,427 1,386 1,463 1,543 1,628 1,718 9# Police 6,553 6,591 6,950 7,330 7,730 8,153 Fire 4,812 5,158 5,442 5,742 6,057 6,391 i33fi.€)2 Public Works 1,222 1,237 1,305 1,377 1,453 1,533 >'812�> Street Maint. 1,454 1,617 1,706 1,800 1,899 2,00387 Dept. 20 Misc. 24 32 32 32 32 32 <8 Total Expenditures 20,262 21,010 21,925 23,116 24,378 25,712 Notes: All departments are expected to increase by approximately 5.5% per year during the next six years. Most of the increases will be related to salaries and benefits. Moderate COLAs are projected along with the normal annual step increases. No significant change in personnel or service levels is reflected. The Rainy Day contingency is not shown here as a budgeted amount because it is being considered a permanent reserve, only to be used in emergencies. Assuming a relatively stable economy and no demands to increase service levels, the City can reasonably expect to maintain the 63% 37% General fund Capital funds sales tax split over the next six years. The 1994 year has been adjusted to reflect the preliminary Budget submittal. The reduction in Mayor/Boards in 1996 reflects the King County Public Health payment being excluded per new State law. ATTACHMENT B CITY OF TUKWILA Page 1 CIP PROJECT COSTS 1994 1999 in 000's Residential Streets Project 1994 1995 1996 1997 1998 1999 Totals 2000 -2003 Cit Other y City Other City Other City Other City Other City Other City Other city 40 -42 Ave S 152 St 2,000 1,700 300 1,816 5,816 0 Pedestrian Path Program 360 360 0 S 161 St 48 Ave S 29 91 29 91 Rockery Program 100 85 20 85 20 310 0 Future Residential Streets 200 200 300 2,000 2,700 0 2,500 Subtotal by Source 2,689 1 91 85 1 0 1,720 0 585 I 0 2,136 0 2,000 1 0 9,215 91 SUBTOTAL 2,780 85 1,720 585 2,136 2,000 9,3 General Government Project 1994 1995 1996 1997 1998 1999 Totals 2000-2003 Ciry Other City Other City Other City Other City Other City City Other Cit y Other City General lmorovements Minor Facilities Improvments 500 300 300 300 300 300 2,000 0 1,200 Petroleum Tanks 240 0 Street Swp /Exca. /Decant 250 250 0 Fire Truck Replacement 300 300 0 300 ATTACHMENT B CITY OF TUKVVILA Page 2 CIP PROJECT COSTS 1994 -1999 in 000's General Government Continued. Project 1994 19 0 5 19 0 6 1997 1998 1999 Totals 2000 -2003 Parks Trails City Other City Other City Other City Other City Other City Other City Other City Duwamish /Green River Trail 184 186 184 1 Interurban Trail Improvements 42 2,197 Tukwila Pond Acq. Dev. 175 1,225 75 1,225 100 140 210 42 South ate /Fostoria Crk. Fishery 0 50 210 1 150 9 ry. Gilliam Creek 25 50 130 75 150 Cascade Park/Elem. School 150 Trails Master Plan 35 35 0 50 Beaver Bend Park 50 25 25 0 City Gateways Crystal Springs Park 30 30 0 Small Boat Access 50 ......5 80 0 Showalter Middle Sports Field 80 Foster Library Mini Park 25 25 0 Log House Park 50 200 0 50 0 15 Ryan Hill Park 200 200 0 200 Cascade Park 200 Open Space Acquisition 200 200 200 605 O Riverton Creek 75 Allentown Park Improvements 600 Elementary School Playfields 100 600 100 200 0 Southgate Park Improvements 0 0 400 Tukwila Park Improvements Alde /Markam Park 0 0 50 Wilcox River Park 0 0 75 Greenbelt Trails 0 0 185 Macadam Wetland Park 0 0 0 100 Interurban Hill ACq. Codiga Farm... 0 0 150 Facilities 1,000 0 City Hall Expansion 1,000 N Community enter 500 2,600 4,800 200 4,800 ew Y 1,200 Fire Station #53 1,200 Facilities Allocation 130 130 130 390 0 520 Subtotal by Source 3,546 3,608 3,405 6,210 750 130 1,480 0 630 0 730 0 10,541 9,948 20,489 3,670 SUBTOTAL 7,154 9,615 880 1,480 630 730 ATTACHMENT B CITY OF TUKWILA Page 3 CIP PROJECT COSTS 1994 1999 in 000's Arterial Streets Project 19 1995 1996 1997 1998 19 1 9 Totals 2000-2003 City Other City Other City Other City Other City Other City Other City Other City E. Mar anal Wy (BAR -NCL 543 2,500 1,079 4,500 30 54 9 Y 9 1,622 7,002 Gm. River Val Signals 10 262 10 140: 10 140 965 1,284 SR -181 S 180 St 965 1,284 65 311 Pac Y Hw S S 130 132 St 65 311 415 2,460 495 2,780 Pacific Hwy Bridge 80 320 Andover Pk E Rail XXX 10 165 74 46 10 165 Bridge Rails Guardrails 74 46 42nd Ave Bridge Painting 200 114 Boeing Access Rd Br. Painting 169 81 200 169 81 Multi 175 modal Center 25 75 800 200 1,875 Interurban (Bridge Widening) 20 120 800 360 20 1 280 Repairs &Overlay 575 175 750 650 260 750 750 750 4 225 435 3,500 Bridge Program 50 140 245 410 165 1,010 0 2,000 Signal Controllers 75 75 75 115 115 115 570 0 500 SC Blvd 68 Ave S (T-line 800 22 822 0 Southcenter Pkwy Signals 180 100 30 200 480 30 Pac Hwy S. (S 116 W Y S 152 8t)', 450 300 1,060 900 1,800 800 1,500 800 1500 650 2,100 3,900 7,960 16th Ave Bridge........ 100 100 100 100 100 50... 550 0 Andover Pk W (Tuk Pkwy Str.) 50 50 0 Transportation Comp. Plan 65 65 0 Pac Hwy (Bar S 116th Wy) 20 51 Ave S Bridge Gilliam Cr. 16 ...300 700 3?6 700 0 Minkler Blvd. 800 800 Strander Blvd Extension 5 541 2,517 CBD Sidewalks 276 683 201 1 000 64 834 10 180 Strander Blvd /58 Ave S 10 180 150 600 170 680 42 Ave Bridge /Southgate Crk.........' 20 80 ATTACHMENT B CITY OF TUKWILA Page 4 CIP PROJECT COSTS 1994 1999 in 000's Arterial Streets Continued Project 19 19 1996 1997 1998 1999 Totals 2000-2003 City Other City Other City Other City Other City Other City Other City Other City S 130 PI (56 Ave S 50 Pis) 30 120 30 120 S 156 St (W. Valley SW 16 St) 10 40 58 Ave S (Strander S 168 St) 10 800 700 10 4 W Valley (1 -405 Strander) 50 230 300 30 10 1,500 S 134 St (S 133 St 48 Ave) 2 30 0 0 50 530 ML King.Way (NCL... 188 0 188 Longacres W Valle 35 100 Y UPRR Strander Blvd at Andover Pk W 20 65 140 3 Y (W 35 1 8 14 S 180 St 57 Ave S 10 20 100 Traffic Signal Interconnect 25 25 370 120 540 10 0 S 180 St at Andover Pk W 81 0 81 57 Ave S (S 180 SCL) 120 300 200 1500 320 1,800 S 143 St 60 100 320 160 320 Andover Pk W at Minkler Rail E. Marginal Wy (BAR -S 112 St) 10 150 10 150 560 1360 560 1360 Subtotal by Source 5,623 6,136 2,937 8,938 2,334 4,705 2,640 4,140 2,610 3,470 3,110 7,220 19,254 34,60 9 SUBTOTAL 11,759 11,875 7,039 6,780 6,080 10,330 53,863 6,500 1 SUMMARY L 804 4835 I I I Totals by Source 11,858 9,835 6,427 15,148 4,, 4,705 4,140 5,376 3,470 5,840 7,220 39,010 44,648 PROPOSED TOTALS 21,693 21,575 9,639 8, 45 8,846 13,060 83,653 12,670 mpea