HomeMy WebLinkAboutRes 1389 - 1998-2003 Financial Planning Model and Capital Improvement Program ,�v.1LA,
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Resolution No. t 1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TUKWILA, WASHINGTON, ADOPTING THE 1998-
2003 FINANCIAL PLANNING MODEL AND THE
CAPITAL IMPROVEMENT PROGRAM FOR GENERAL
GOVERNMENT AND THE CITY'S ENTERPRISE
FUNDS.
WHEREAS, when used in conjunction with the annual City budget, the Capital
Improvement Program and the Financial Planning Model for the period 1998 -2003 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, HEREBY RESOLVES AS FOLLOWS:
Section 1. The 1998 -2003 Financial Planning Model and accompanying Capital
Improvement Program (CIP) are hereby adopted.
Section 2. The assumptions, revenues and expenditures will be reviewed and updated
annually or as necessary by the City Council.
Section 3. The detail of CIP projects will be reflected in the published Financial Planning
Model and Capital Improvement Program 1998 -2003, as summarized in the attached table of
contents.
PASSED BY THE CITY CoO LVIL OF T ITY OF�UKWLA, WASHINGTON, at a
regular meeting thereof this /4 day of 0 C' 1997.
Hagg (Council President
ATTEST /AUTHENTICATED:
cia„,,e.r.„,,,,z,
ne E. Cantu, City Clerk
APPROVE D�-VOFORM:
ffice of f City o rney
Filed with the City Clerk: A2 /11/ 9,
Passed by the City Council: 1 5 7
Resolution Number 8
1998 Proposed Budget and the
1998 2003 Financial Planning Model and CIP
Changes from 12/8/97 Council Meeting
Page 2
1998 2003 Planning Model /CIP Changes
1. Repayment of $250,000 from Water /Sewer funds to Street Fund in 1998 was moved to
2003. Revised Attachments B and D reflect these changes.
2. The Nelson Place /Longacres Way project in the Surface Water Fund was carried over
from 1997 and added to the 1998 -2003 program ($325,000).
ATTACHMENT A
CITY OF TUKWILA
TOTAL REVENUES EXPENDITURES
1998 -2003 Analysis in 000's
REVENUES 1998 1999 2000 2001 2002 2003 Totals 1
General Revenues
Sales Tax 13,650 14,327 15,039 15,461 16,229 17,036 91,742
Property Tax 7,297 7,480 7,709 8,110 8,430 8,750 47,776
Charges /Fees for Service 1,555 1,589 1,668 1,751 1,838 1,930 10,331
Operation Transfer In -Other Funds 1,365 1,433 1,504 1,580 1,659 1,741 9,282
Intergovernmental Revenue 959 952 950 1,028 1,080 1,134 6,103
Other Taxes /Misc. 1,361 1,401 1,520 1,596 1,676 1,760 9,314
Fund Balance 3,217 350 400 450 500 550 5,467
Subtotal 29,404 27,532 28,790 29,976 31,412 32,901 180,015
Dedicated Revenues (Capital)
Real Estate Tax 250 300 300 300 300 300 1,750
Motor Vehicle Taxes 461 500 525 550 600 625 3,261
Interest Income 190 300 300 300 300 300 1;690
Property Tax 130 130 130 130 130 130 780
Repayment from Utilities 0 350 300 300 100 250 1,300
Subtotal 1,031 1,580 1,555 1,580 1,430 1,605 8,781
TOTAL AVAILABLE 30,435 29,112 30,345 31,556 32,842 34,506 188,796
Attachment A -1.
EXPENDITURES I
Operations Maintenance: 24,615 25,120 26,126 27,176 28,260 29,381 160,678
See Attachment B
Subtotal Available 5,820 3,992 4,219 4,380 4,582 5,125 28,118
Caotial Attachment C
Neighborhood Revitalization
Residential Streets 747 80 450 300 735 1,200 3,512
Parks Trails 311 258 250 330 0 0 1,149
General Government
Facilities 0 0 130 130 130 130 520
General Government 948 300 300 300 300 400 2,548
Economic Development
Bridges 525 450 250 175 250 335 1,985
Artertial Streets 1,425 1,502 1,860 1,727 1,935 1,095 9,544
Debt Service Bonds (Comm Ctr) 515 515 515 515 515 515 3,090
Admin /Engineering Overhead 831 780 789 850 850 850 4,950
Subtotal Capital /Overhead 5,302 3,885 4,544 4,327 4,715 4,525 27,298
Balance by Year 518 107 (325) 53 (133) 600 820
Accumulated Totals 518 625 300 353 220 820
V
ATTACHMENT D
CITY OF TUKWILA
WATER /SEWER
1998 -2003 Analysis in 000's
REVENUES 1998 1999 2000 2001 2002 2003 Totals i
Monthly Charges:
Water (1) 2,808 2,900 3,200 3,200 3,200 3,200 18,508
Sewer (2) 2,803 2,803 3,200 3,225 3,250 3,250 18,531
Other Misc Revenue (3) 150 160 170 180 190 200 1,050
Beginning Fund Balance 531 0 0 0 0 0 531
Total Revenues 6,292 5,863 6,570 6,605 6,640 6,650 38,620
EXPENDITURES
Operations Maintenance:
Water(4) 1,812 1,830 1,850 1,900 1,925 1,950 11,267
Sewer (5) 2,659 2,700 2,750 2,755 2,790 2,800 16,454
Debt Service (6) 770 722 725 725 703 700 4,345
Repayment to 103 Fund (7) 0 350 300 300 100 250 1,300
Subtotal 5,241 5,602 5,625 5,680 5,518 5,700 33,366
TOTAL AVAILABLE FOR CAPITAL 1,051 261 945 925 1,122 950 5,254':!'!
Capital
Sewer (8) 254 315 450 947 640 140 2,746
Water (8) 539 120 594 701 885 801 3
Subtotal Capital 793 435 1,044 1,648 1,525 941 6,386
Subtotal Available 258 (174) (99) (723) (403) 9 (1,132)
Cash Over /Short
Connection Fees Received (9) 140 200 200 200 200 200 1,140
Transfer from Bond Reserve (10) 0 0 0 500 0 0 500
Cash Flow Year by Year 398 26 101 (23) (203) 209 508
Accumulated Totals (11) 398 424 525 502 299 508
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