HomeMy WebLinkAboutSpecial 2013-08-28 AGENDA FRONT SHEETProposed 2014 — 2019
Financial Planning
Model & CIP Workshop
City of Tukwila
August 28, 2013
Agenda
Wednesday, August 28
1. Capital Improvement Projects
• Residential Streets
• Arterial Streets
• Parks
• Facilities & Fire
2. Enterprise Funds
• Water
• Sewer
• Surface Water
• Golf Course
2014 -2019 Proposed CIP Workshop 2
Agenda
Wednesday, August 28
1. Financial Planning Model
2. 2nd Quarter Financial Report
3. Council Initiatives
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Residential Streets
• Cascade View and Thorndyke Safe Routes to School projects will start design in
2013 with construction in 2014.
• 42nd Ave S Phase III is scheduled for construction in 2015.
• New page for 53rd Ave S, which could be successful for State TIB grant funding
in 2016.
• Also included is funding for the critical areas of the 42nd Ave S /Allentown
Roadside Barrier project in Small Roadways.
• Residential Improvements still has funding in 2018 and 2019.
2014 -2019 Proposed CIP Workshop 4
Arterial Streets
• CIP construction projects for 2014 include the TUC Transit Center and Andover
Park W, Interurban Ave S, and Overlay & Repair of E Marginal Way S.
• Boeing Access Road Bridge Rehabilitation and the TUC Pedestrian Bridge are
scheduled for design and right -of -way in 2014 with construction in 2015.
• New projects include Wetland & Environmental Mitigation and Tukwila MIC
Smart Street Non - Motorized.
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Parks
• Duwamish Hill Preserve and the Tukwila South Pedestrian Bridge are
programmed for 2014 along with pavement overlay at Fort Dent Park and
finishing up the Parks & Recreation Open Space Plan.
• Duwamish Gardens construction is scheduled for 2014, but is still grant
dependent with results in November 2013.
• The Tukwila 205 Levee certification is a new project for 2014 with ongoing
maintenance from 2015 through 2019 and Salmon Habitat Restoration is also a
new project that is grant funded.
2014 -2019 Proposed CIP Workshop 6
Facilities & Fire
• Tukwila Village
• Urban Renewal
• Facilities Needs Assessment is underway and will continue into 2014.
• Fire Station 51 and Fire Impact Fees
• Tukwila South and S 178th St Realignment Update
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Water
• Cost increases for purchased water from Cascade Water Alliance has a 5.7%
increase programmed in 2014.
• CIP — Main project for 2014 is Andover Park W in conjunction with the TUC
Transit Center and Andover Park W street improvements.
• Macadam Rd S Water Upgrade and 53rd Ave S have been scheduled for 2015
and 2016.
• Revenue has a 10% rate increase in 2014.
2014 -2019 Proposed CIP Workshop 8
Sewer
• King County Metro will not be increasing fees in 2014.
• CIP — Main projects for 2014 include the Sewer Lift Station No. 2 Upgrades,
Sewer Repair West of Strander Blvd Bridge, and the Valley View West Hill
Sewer Transfer Area.
• The CBD Sanitary Sewer Rehabilitation has been made an ongoing program
scheduled for 2015 through 2018.
• Revenue has a 15% rate increase in 2014, but we still have some reserve
issues.
2014 -2019 Proposed CIP Workshop 9
•
Surface Water
• CIP — Main projects for 2014 are the Annual Small Drainage Program and the
East Marginal Way S Storm Pipe Replacement (from the emergency break in
November 2012).
• Revenue has a 10% rate increase in 2014.
2014 -2019 Proposed CIP Workshop 10
Golf Course
• Implemented 2013 Marketing Work Plan focusing on the following strategies:
1) retain and strengthen core customer base;
2) engage lapsed golfers, and,
3) attract new golfers to the facility.
• Staff is developing opportunities for more community engagement at the golf
course. Examples: Movies on the Green, school involvement, Junior Golf Camp.
• Rounds are up over 2012.
• One of two vacant 3/4 —time golf maintenance specialists was hired.
2014 -2019 Proposed CIP Workshop 11
Financial Planning Mode
Local Economy is improving:
• Inflation at 1.4%
• Employment up 3.6% (Dave Reich, King County)
• Real estate market is rebounding — 7.8% increase in home values
state -wide (MRSC)
• Construction sector gaining momentum
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Financial Planning Model
2013 -2014
Biennial
Budget
1-r1-
Updates
2013 — 2014
Estimates
CHANGE - BUDGET TO ESTIMATES
2013
2014
General Revenue:
Sales tax
$ 1,000
$ 1,090
Property tax
(162)
Utility tax
(270)
(270)
Sales tax mitigation
(60)
(60)
Liquor Tax
(100)
One time revenue
(4,355)
Dedicated Revenue:
19
20
Revenues
689
(3,837)
O &M -- Urban Renewal
(400)
(400)
Debt Service -- Urban Renewal
400
Expenditures
(400)
-
Capital projects
One time revenue
4,355
Other
(811)
(5,624)
Net Capital
(811)
(1,269)
Change in Fund Balance
1,900
(2,568)
Beginning Fund Balance
3,637
5,537
Ending Fund Balance
$ 5,537
$ 2,969
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•
Financial Planning Model Attachment A
General
Revenue
Dedicated
Revenues
Grants
GENERAL
FUND
Operating & Maintenance
/ CAPITAL PROJECT
FUNDS
FUNDS
• Residential Street
• Arterial Street
• Park & Land
Acquisition
• Facilities
• General
Government
Fire Equipment
r DEBT
SERVICE
FUNDS
`Contractors
Admin / Engineering
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Fund Balances —City Wide
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FUND BALANCES
CHANGE IN FUND BALANCE
CITY -WIDE
ACTUAL
- -- ACTUAL ------
BUDGET - -•
YTD
12/31/2012 6/30/2013
YTD
YTD
VARIANCE
Governmental funds
$
18,149,418
$ 19,481,781
$ 1,332,363
$ (1,008,066)
$ 2,340,429
Enterprise funds
11,011,318 12,830,542
1,819,224
(1,274,754)
3,093,978
Internal service funds
10,638,314 10,551,399
(86,915)
(459,194)
372,279
Citywide Total
$ 39,799,050 $ 42,863,722
$ 3,064,672
$ (2,742,013)
$ 5,806,685
2014 -2019 Proposed CIP Workshop 15
General Fund - Revenue
Revenue Summary
General Fund
Q2 2012
Actual
% of
Budget
Q2 2013
Actual
% of
Budget
Over /(Under)
Prior Year
Total Ongoing Revenue
26,335,783
50.03%
27,109,854
53.23%
774,072
Sale of Bond Proceeds for MPD
-
0.00%
1,000,000
0.00%
1,000,000
MPD Payback of Loan
-
87.11%
29,814
94.99%
(58,190)
Total Revenue $26,335,783
49.01 %
$28,139,668
47.28%
$ 1,774,072
Revenue Summary
General Fund
Q2 2012
Actual
% of
Budget
Q2 2013
Actual
% of
Budget
Over /(Under)
Prior Year
Property Taxes
$ 7,379,666
53.21%
$ 7,414,239
53.67%
$ 34,574
Sales and Use Taxes
7,739,031
51.43%
8,217,705
53.71%
478,674
Revenue Generating Regulatory License
1,720,437
87.11%
1,662,246
94.99%
(58,190)
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General Fund - Expenditures
TOTALS BY CATEGORY
Q1 2012 Q1 2013
Actual %of Budget Actual
Over /(Under)
% of Budget Prior Year
SALARIES AND BENEFITS
SUPPLIES
PROFESSIONAL SERVICES
INTERGOVERNMENTAL
CAPITAL EXPENDITURES
$15,908,818
511,898
3,840,842
820,185
25,428
23.41% $17,149,788
17.99% 495,939
20.93% 4,164, 023
19.00% 1,033,318
4.15% 13,010
49.97% $ 1,240,971
36.63% (15,959)
42.79% 323,182
47.48% 213,133
2.87% (12,418)
DEPARTMENTAL EXPENDITURES
21,107,171 22.50% 22, 856, 079
47.58% 1,748,908
LOAN TO MPD
TRANSFERS OUT
225,000
49,230
TOTAL EXPENDITURES
$ 21,381,401
0.00% 1,250,000
0.08% 3,106, 807
18.33% $ 27,212,886
0.00% 1,025,000
31.40% 3,057,577
46.97% $ 5,831,485
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Enterprise & Internal Service
Revenues Expenses
Water $2,651,495 49.17% $2,734,349 41.45%
Sewer $3,721,441 55.92% $2,680,304 37.41%
Foster Golf Course $864,324 48.24% $761,837 44.61%
Surface Water $1,949,146 46.33% $1,190,691 23.23%
Equipment Replacement $1,301,548 34.04% $983,408 25.32%
Self- Insurance $2,313,451 49.65% $2,464,146 49.16%
LEOFF Insurance Fund $1,656 49.59% $256,014 50.35%
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The City of Opportunity,
The Community of Choice
2014 -2019 Proposed CIP Workshop 19