HomeMy WebLinkAbout12/06/2016 10 2017 Revenue and Expenditure Budget - Second Public HearingBUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDASTATEMENT
Item No. 10.
For Meeting of: December 6, 2016
ITEM TITLE: Second public hearing on the proposed 2017 Revenue and
Expenditure Budget for the City of Yakima
SUBMITTED BY: Cliff Moore, City Manager
Cindy Epperson, Director of Finance & Budget
SUMMARY EXPLANATION:
The purpose of the second public hearing on the 2017 City of Yakima preliminary budget is to
accept input, comments and/or questions from Council, citizens and other affected parties
regarding the proposed 2017 Budget as updated to include direction given by Council during the
budget process. The 2017 Preliminary Budget Summary is on the City's website home page -
www.yakimawa.gov/services/finance/financial-reports/
Council reviewed the budget with staff on November 1, 3, 8, and 10. The first public hearing on
the budget was held on November 15, 2016, along with the public hearing on the ad valorem
(property) tax. Council then met on November 28 to formally vote on proposals that were not
already included in the 2017 Preliminary budget. Finance has incorporated the changes
approved by Council through November, along with several technical corrections. Additionally,
there were required payroll adjustments, such as the change in the maximum amount subject to
Social Security. At the November 28 study session, Council reviewed an interactive spreadsheet
that calculated the change in General Government fund balance as Council gave direction. At the
end of the meeting, the ending 2017 fund balance was estimated to be $6,513,765. After
everything was entered into the payroll system, the ending balance as presented in today's
material is slightly higher at $6,527,769, which represents a use of $415,212 from the beginning
reserve balance of $6,942,980.
In accordance with state law, Council is required to conduct two public hearings and adopt the
budget prior to year end. The first public hearing was conducted on November 15, 2016, this is
the second (December 6, 2016). Should Council make additional changes at the December 6,
2016 meeting, these will be incorporated into the final budget ordinance for Council approval on
December 13, 2016.
ITEM BUDGETED: NA
STRATEGIC PRIORITY: Public Trust and Accountability
APPROVED FOR
SUBMITTAL: �"'�`~-City Manager
cz*"00
STAFF RECOMMENDATION:
Conduct the Public Hearing and accept public testimony.
BOARD/COMMITTEE RECOMMENDATION:
ATTACHMENTS:
Description Upload Date Type
D 2017 budget transmittal 12!212016 Co r Memo
Memorandum
Date: December 1, 2016
To: The Honorable Mayor and Members of City Council
From: Cliff Moore, City Manager
Cindy Epperson, Director of Finance and Budget
Subject: 2017 Budget Wrap-up
We are pleased to transmit the updated 2017 City of Yakima Budget for Council's and the Public's
consideration at the final public hearing. The budget is balanced within available resources and is a
prudent budget of $239.0 million. The overall 2017 budget represents a 15.3% increase over the
projected 2016 year-end budget as well as an ending reserves of $50.9 million or 21.3% of budgeted
expenditures and an increase in the operating property tax rate per $1,000 of assessed value of 0.8%.
As is customary, any changes that are made to the Preliminary Budget previously presented to
Council and the citizenry are summarized in this report, so that the final public hearing on the 2017
Budget includes the most updated changes. City Council met on November 28, 2016 and
approved changes to the preliminary budget. These changes (along with some payroll
housekeeping and other corrections) have been incorporated into this updated budget. Any
changes made at the December 6 meeting will be incorporated into the Final Budget which will then
be presented in ordinance form for adoption at the last business meeting of the year (December 13).
In preparing the third quarter budget report (which is presented separately on this Council agenda),
there were no changes warranted in the 2016 estimates in all but the Water fund, so for the most
part, the beginning fund balance estimates are unchanged going into 2017.
CITYWIDE BUDGET UPDATE
The revised total City expenditure budget of $239.0 million represents a net increase of $3.7
million more than the 2017 Preliminary Budget of $235.3 million. The major increases include:
➢ Energy Conservation measure /switch to LED lighting
$2,100,000
➢ Fire Facilities remodel and major maintenance
307,850
➢ Addition of three Firefighters (9 months)
209,250
➢ Addition of one Fire Maintenance Mechanic (net of Temp salary)
74,800
➢ Addition of one Airport Assistant Manager
102,400
➢ Transportation Benefit District projects
451,500
➢ The increase in state minimum wage in Parks operations
68,000
➢ Additional costs associated with utility rate increases
458,000
➢ General Government budget reductions
(687,600)
Page 1 of 11
The revised total City revenue budget of $219.8 million represents a net increase of $3.9 million
more than the 2017 Preliminary Budget of $215.8 million. The major changes include:
➢ Borrowing and grants for the Street LED lighting project $2,100,000
➢ Establishment of a Transportation Benefit District / vehicle tab fee 514,000
➢ Lifting of electric, natural gas and telephone tax lid from $4,000 130,000
to $8,000
➢ Addition of a Brokered Natural Gas utility tax 70,000
➢ Change of Water, Wastewater, Stormwater and Refuse rates 784,250
The following chart summarizes the total City Budget, including the estimated beginning
balance, revenues, expenditures and ending balance.
CITY-WIDE BUDGET SUMMARY
General Fund
Parks and Recreation
Street & Traffic Operations
General Government Subtotal
Utilities/Other Operating
Capital Improvement
Risk Management Reserves
Employee Benefit Reserves
Trust and Agency Funds
G.O. Bond Debt Service
Utility Revenue Bond Debt Service
Total
Estimated
Estimated
2017 Beg.
2017
2017
Use of
2017 Ending
Fund Balance
Revenue
Expenditures
Reserves
Balance
$ 5,754,842
$ 65,087,882
$ 65,531,790
$ (443,908)
$ 5,310,935
605,689
5,547,225
5,583,642
(36,417)
569,272
582,448
7,583,540
7,518,427
65,113
647,562
6,942,980
78,218,647
78,633,859
(415,212)
6,527,769
21,313,948
73,661,646
75,094,124
(1,432,478)
19,881,470
35,004,602
41,034,953
58,577,309
(17,542,357)
17,462,246
156,149
4,078,528
3,913,381
165,147
321,295
3,792,773
15,192,660
15,217,837
(25,177)
3,767,596
656,731
676,000
667,000
9,000
665,731
272,748
4,779,045
4,775,260
3,785
276,533
2,021,467
2,126,855
2,127,754
(899)
2,020,568
$ 70,161,400
$219,768,333
$239,006,524
$(19,238,191)
$50,923,209
GENERAL GOVERNMENT BUDGET UPDATE
Council approved changes to the Preliminary Budget at their November 28 meeting. The
interactive spreadsheet that Finance used at the meeting indicated an ending General
Government fund balance of $6,513,765. When all of the changes were entered into the
budget/payroll system, the following is a summary of the differences:
➢ Revenue increased by $2,639,833, bringing that total from $75,578,814 to $78,218,647;
➢ Expenditures increased by $2,333,606 bringing the total from $76,300,253 to $78,633,859;
➢ Ending fund balance increase by $306,228 from $6,221,541 to $6,527,769.
Page 2 of 11
The major increase in both revenue and expenditure was the approval of a street light upgrade
to LED bulbs, estimated to cost about $2.1 million, to be funded by energy rebates, a grant and
borrowing. Future energy savings are projected to be enough to make the debt service
payments, so this is not adding cost, and will eventually result in cash flow savings when the
debt is retired in about 10 years.
Council accepted cost reduction proposals of about $687,591; added $812,500 from the
unbudgeted expenditure proposals, and approved some fee and tax proposals.
Even though the ending fund balance did experience a net increase from that originally
presented in the Preliminary Budget document, the 2017 budget is still built to use $415,212 of
its beginning reserve balance. Using reserves does stress the system and we will need to
continue efforts to rebuild the fund balance to ensure adequate cash flow reserves and to
preserve the City's bond rating.
Revenue
There were several additional revenue sources approved that pertain to the General
Government:
➢ Establishment of a Transportation Benefit District / vehicle tab fee $112,500
➢ Lift of electric, natural gas and telephone tax lid
130,000
➢ Imposition of brokered natural gas utility tax
70,000
➢ Borrowings and grants tied to the Street LED lighting upgrade
2,100,000
➢ Increased Utility Taxes tied to internal rate increases
164,300
➢ Correction to Yakima County charge for service for Purchasing
8,333
➢ Allocation of Finance personnel to Utility Billing -additional transfer
54,700
Expenditures
Major changes in expenditures in the General Government budget include:
➢ Energy Conservation measure /switch to LED lighting
$2,100,000
➢ Transfer to Fire Capital Fund for Fire Facility remodel
307,850
➢ Addition of three Firefighters (9 months)
209,250
➢ Addition of one Fire Maintenance Mechanic (net of Temp Sal.)
74,800
➢ Human Resources and Finance Software
68,200
➢ Transfer to Airport Operating Fund (to support Asst. Manager)
102,400
➢ Budget Reductions
(632,891)
➢ Statewide increase in Minimum Wage
68,000
➢ Sidewalk Repair Program in Streets (tied to TBD revenue)
50,000
➢ Miscellaneous corrections/payroll adjustments
(14,003)
Page 3 of 11
The following table details all of the changes made in the General Government Funds:
GENERAL GOVERNMENT FUND CHANGES
Revenue
$ 2,100,000
Grant/Loan Energy conservation measure (LED lighting)
$ 2,100,000
Increased Utility Tax due to rate increases
164,300
Elimination of electric, natural gas & telephone lid
130,000
Transportation Benefit District (TBD) / tab fee
112,500
Brokered Natural Gas utility tax
70,000
Allocation of Finance personnel to Utility Billing
54,700
Correction to Yakima County charge for purchasing
8,333
$ 2,639,833
Expenditures
Energy conservation measure (LED lighting)
$ 2,100,000
Transfer to Fire Capital for Fire facility remodel
307,850
Addition of 3 Firefighters
209,250
Transfer to Airport Operating
102,400
Addition of one Fire Maintenance Mechanic
74,800
Statewide increase in Minimum Wage
68,000
Sidewalk repair / installation & tree removal
50,000
NEOGov software
39,200
Workiva software
29,000
Budget Reductions
(632,891)
Miscellaneous corrections/payroll adjustments
(14,003)
Total Changes to General Government Expenditures
$ 2,333,606
Net Change L_(3
General Government Summary
The following table depicts a summary of all 2017 General Government budgets, including a
revenue and expenditure projection, the difference (or the net effect on beginning cash
reserves), the estimated beginning and ending reserve balances, and the percentage of the
ending reserve in comparison to the operating budget.
GENERAL GOVERNMENT BUDGET SUMMARY
General Fund
Parks & Recreation
Street & Traffic Fund
Total General Government
2017
2017
2017
Projected
Proposed
Estimated
Revenue
Expenditures
Diff
$65,087,882
$ 65,531,790
$ (443,908)
5,547,225
5,583,642
(36,417)
7,583,540
7,518,427
65,113
$78,218,647
$ 78,633,859
$(415,212)
2017
2017
2017
2017
Exp
Estimated
Estimated
End Bal
as % of
Beginning
Ending
as % of
Rev
Balance
Balance
Exp
0.7%
$ 5,754,842
$5,310,935
8.1%
0.7%
605,689
569,272
10.2%
-0.9%
582,448
647,562
8.6%
0.0%
$ 6,942,980
$ 6,527,769
8.3%
Page 4 of 11
The 2017 General Government budget is virtually balanced, with the final net change using
$415,212 of the beginning balance of $6,942,980, so that the 2017 projected ending fund balance
is $6,527,769 which represents 8.3% of the 2017 budgeted expenditures. The recommended
percentage of reserves compared to expenditures is 16.7%, which would require a balance of
$13.1 million, or an additional $6.6 million. Management will continue to monitor operations
and reserve levels.
GENERAL GOVERNMENT BUDGET REDUCTIONS
Departments were requested to make budget reductions after the Preliminary Budget was
published ranging from 1.5% to 2.0%. The chart below shows these reductions and the final
budget decisions from Council.
2017 GENERAL GOVERNMENT BUDGET REDUCTION DISPOSITION
Svc Unit
Personnel Changes
Description
Decrease
IN P/O
Reductions
Yes No
General Fund
City Manager
Temporary Salaries
$ 2,850
-
P $
2,850 $ -
Office & Operating Supplies
1,000
-
O
1,000
Professional Services
8,000
-
O
8,000
Data Communications
100
-
O
100
Postage
100
-
O
100
Transportation
1,400
-
O
1,400
Dues & Subscriptions
(1,000)
-
O
(1,000)
City Council
Office & Operating Supplies
1,000
-
O
1,000
Small Tools & Minor Equipment
250
-
O
250
Professional Services
35,000
-
O
35,000
Transportation
3,000
-
O
3,000
City Clerk/Records
Eliminate Overtime
5,500
-
P
5,500
Office & Operating Supplies
3,400
-
O
3,400
Info Technology
Delay filling Tele Tech Analyst
30,000
V
P
30,000
Prof Services - licenses
20,000
-
O
20,000
Human Resources
Prof Services - outside training
14,000
-
O
14,000
Legal 2%
Temporary Salaries
10,126
-
P
10,126
Office & Operating Supplies
3,500
-
O
3,500
Professional Services
1,300
-
O
1,300
Postage
800
-
O
800
Transportation
1,100
-
O
1,100
Miscellaneous Expenses
2,148
-
O
2,148
Dues & Subscriptions
7,500
-
O
7,500
Repairs & Maintenance
2,500
-
O
2,500
Municipal Court
Delay hiring Judicial Specialist
35,200
V
P
35,200
Finance
Reallocate USR salaries
43,800
F
P
43,800
Allocate AR time to Utilities
10,900
F
P
10,900
Code Admin
Delay hiring Code Comp Off
54,600
V
P
54,600
Page 5 of 11
Svc Unit
Personnel Changes
Description
Decrease
F/V P/O
Reductions
Yes No
Police
Defund 2 task force positions
192,300
V
P
192,300
Defund 1 Police Officer
96,150
V
P
96,150
Lighting savings
15,250
-
O
15,250
Reduce training budget
20,000
-
O
20,000
Cancel Tower office lease
55,593
-
O
55,593
Fire
Uniforms
1,750
-
O
1,750
Parks & Rec 2%
DA -III Cemetery & PW Admin
32,500
V
P
32,500
Reduce playground program
50,000
-
O
50,000
Reduce summer concerts/movies
8,000
-
O
8,000
Reduce ops at Franklin Pool
20,000
-
O
20,000
Streets 2%
Oper Supplies - street material
90,000
-
O
90,000
Oper Supplies- sidewalk abatement
2,500
-
O
2,500
Oper Supplies - weed abatement
5,000
-
O
5,000
Oper Supplies - street lighting
7,500
-
O
7,500
Prof Services - street maintenance
3,000
-
O
3,000
Engineering
Decreased Contract Specialist
9,900
F
P
9,900
Delay hiring Design Engineer
38,700
-
O
38,700
Copier/Plotter
(18,000)
-
O
(18,000)
CH Facility
1.5% Temp Salaries
8,000
V
P
8,000
Personnel Changes Total
$ 936,217
$
687,591 $
248,626
FN = Filled / Vacant P/O = Personnel / Other
OTHER FUND CHANGES
Budget adjustments in non -General Government funds include:
➢ Rate increases for Wastewater, Stormwater, Water, and Refuse utilities, and related
additional expenditures associated with rate increases (i.e. City in -lieu and State taxes,
and additional transfers to capital funds where warranted).
➢ Double -budgeted items which required a transfer from General Fund:
Major Maintenance for Fire facilities (paid out of the Fire Capital Fund)
Assistant Airport Manager (paid out of the Airport Operating Fund)
➢ The portion of revenue and related expenditures from a Transportation Benefit District
(TBD) that is allocated for street capital improvement. The TBD will go through the
formal establishment stages in early 2017, but Council wanted the 2017 budget to reflect
the estimate of first year receipts (it takes 6 months for the Department of Licensing to
implement a new fee).
The following chart details all of the changes from the Preliminary Budget to this Final Budget
for all funds other than General Government.
Page 6 of 11
OTHER FUNDS BUDGET SUMMARY
Description
Amount
Revenue
401,500
Trans. Benefit District in Street Capital Fund
$ 401,500
Transfer from General Fund to Fire Capital
307,850
Wastewater/Stormwater rates
305,250
Water rates
253,000
Refuse rates
226,000
Transfer from General Fund to Airport
102,400
Transfer from Stormwater ops to capital
100,000
Correct Wastewater Strong Waste overstatement
400,000)
$ 1,296,000
Expenditures
Additional Expenditures related to rate increases
$ 458,000
Trans. Benefit District projects
401,500
Major Maintenance for Fire facilities (Fire Capital)
307,850
Airport Assistant Manager
102,400
Correction in Equip. Rental vehicle replacements
79,000
Miscellaneous Payroll adjustments
(5,421)
$ 1,343,329
Net Change $ 47,329
Following is a summary of the current status of the 2017 Final Budget. The updated 2017
Budget by City Functional Grouping table provides a 3 year expenditure detail by fund.
Page 7 of 11
THREE-YEAR BUDGET COMPARISON - 2016 BUDGET BY CITY FUNCTIONAL GROUPING
General Government
City Management
Indigent Defense
City Council
Neighborhood Groups Program
City Clerk/Records
Human Resources
Legal
Municipal Court
Planning
Code Administration
City Hall Facility
Economic Development
Police
Fire
Information Technology
Intergovernmental
Transfers
Finance
State Examiner
Police Pension
Utility Services
Purchasing
Engineering
Contingency
Total General Fund
Parks & Recreation
Street & Traffic Operations
Total General Government Funds
2015 ;
2016
2016
2017
2017
2017
2017
2017 2017
E
Actual
Amended
Year -End
Proposed
vs 2015
Projected
Use of
Beginning Est. Ending
E
)enditures E
Budget
Estimate
Expenditures
Est
Revenue
Reserves
Fund Balance Fund Balance
$ 504,402E $
418,138
$ 429,828 s $
399,805
910,981 ;
935,500
940,500E
965,500
E
280,679E
285,340
271,415 =
252,176
- ;
206,735
-
-
533,284 €
654,256
648,483
582,429
E
649,024E
653,258
638,353
724,580
1,467,922 ;
E
1,651,505
1,566,632
1,703,161
1,346,861E
1,431,404
1,430,029
1,496,999
535,201 €
658,184
625,322
669,715
1,626,019 €
1,855,499
1,811,374
1,877,343
504,382E
505,447
495,696
521,591
784,085E
E
889,964
798,264
743,507
26,452,368 E
27,462,308
27,202,038 '
28,119,824
12,171,410 1
12,379,172
12,348,244
13,333,805
3,087,092E
E
3,126,390
3,083,547 €
3,478,097
180,054E
189,551
189,551 '
155,287
E
4,750,225E
t
4,839,545
4,884,845:
5,352,664
1,532,581 E
i
1,530,716
1,538,377 1
1,625,592
127,429 €
113,000
115,072
117,000
E
1,038,660 i
E
1,104,060
953,661 '
964,997
1,518,454 E
1,704,433
1,647,479 1
1,762,285
610,041 i
E
630,092
625,273:
608,463
809,739 i
i
833,710
728,578 '
751,970
-
(1,085,000)
-
(675,000)
61,420,893
62,973,206
62,972,563
65,531,790
5,554,286 ;
5,481,878
5,481,878 1
5,583,642
t
5,549,823
5,408,279
5,407,091 1
7,518,427
$ 72,525,002 $
73,863,363
$ 73,861,531: $
78,633,859
(7.0%)
2.7%
(7.1%)
n/a
(10.2%)
13.5%
8.7%
4.7%
7.1%
3.6%
5.2%
(6.9%)
3.4%
8.0%
12.8%
(18.1%)
9.6%
5.7%
1.7%
1.2%
7.0%
(2.7%)
3.2%
n/a
4.1% $
65,087,882 $
(443,908) $
5,754,842 $
5,310,935
1.9%
5,547,225
(36,417)
605,689
569,272
39.0%
7,583,540
65,113
582,448
647,562
6.5% $
78,218,647 $
(415,212) $
6,942,980 $
6,527,769
Page 8 of 11
Other Operating/Enterprise
Economic Development
Community Development
Community Relations
Cemetery
Emergency Services
Public Safety Communications
Police Grants
Downtown Improvement District
Trolley (Yakima Interurban Lines)
Front St Business Impr Area
Tourist Promotion (Conv Ctr)
Capitol Theatre
PFD Revenue -Convention Center
Tourist Promotion Area
PFD Revenue -Capitol Theatre
Airport Operating Fund
Stormwater Operating
Transit
Refuse
Wastewater Operating
Water Operating
Irrigation Operating
Equipment Rental
Environmental Fund
Public Works Administration
Total Other Operating/Enterprise
2015
2016
2016
2017
2017
2017
2017
2017 2017
Actual !
Amended
Year -End
Preliminary
vs 2015
Projected
Use of
Beginning Est. Ending
)enditures €
Budget
Estimate
Expenditures
Est
Revenue
Reserves
Fund Balance Fund Balance
$ 248,183 ; $
198,071
$ 193,745 $
134,266
t
1,408,139 €
E
31349,462
3,343,451 i
1,486,742
634,153E
618,913
578,572
644,764
281,178 €
274,712
273,212
280,957
E
1,305,260 ;
1,417,895
1,407,895:
1,417,413
4,059,802 =
i
3,563,096
3,519,226
3,775,176
303,579 ;
401,716
368,457 1
384,078
E
199,062 €
208,993
198,500 1201,353
416,000
254,321
164,855
163,855 1
1,355
3,221
10,279
8,357:
3,500
1,610,885 €
E
1,694,510
1,654,510
1,709,375
406,528E
420,497
420,497 1
434,878
738,730E
727,720
727,720
733,213
657,921E
E
687,000
687,000
707,200
639,918 €
630,883
630,883 1
661,400
1,022,353
1,128,985
1,097,083
1,248,700
i
2,980,262 €
2,650,375
2,647,375
3,159,762
E
8,005,242 i
E
8,368,765
8,091,493:
9,447,643
5,830,965 ;
6,459,053
6,394,856
6,914,474
21,889,068 ;
22,589,282
21,726,931
23,509,656
9,385,180
9,819,509
9,819,489 1
10,208,117
1,802,284E
1,829,496
1,828,709
1,737,460
4,749,623E
4,765,532
4,388,988
4,603,125
1,275,733 €
1,247,950
247,950
422,950
1,141,699E
1,256,978
1,249,153
1,266,566
$ 70,833,286 ; $
74,484,527
$ 71,667,910: $
75,094,124
(30.7%) $
122,000
$ (12,266) $
61,676 $
49,410
(55.5%)
1,481,868
(4,874)
1,037,748
1,032,874
11.4%
678,100
33,336
756,939
790,275
2.8%
282,950
1,993
17,476
19,468
0.7%
1,365,890
(51,523)
120,857
69,334
7.3%
3,794,846
19,670
54,786
74,456
4.2%
416,000
31,922
451,312
483,234
1.4%
208,340
6,987
2,279
9,266
(99.2%)
1,275
(80)
757
677
(58.1%)
3,735
235
57
292
3.3%
1,710,250
875
517,551
518,426
3.4%
438,920
4,042
33,320
37,362
0.8%
850,750
117,537
615,616
733,153
2.9%
707,550
350
81,172
81,522
4.8%
660,500
(900)
183,728
182,828
13.8%
1,249,229
529
147,031
147,560
19.4%
3,057,650
(102,112)
321,868
219,756
16.8%
9,075,569
(372,074)
2,788,810
2,416,736
8.1%
7,131,094
216,620
329,347
545,967
8.2%
22,729,779
(779,877)
5,326,884
4,547,007
4.0%
9,703,000
(505,117)
2,463,391
1,958,275
(5.0%)
1,803,500
66,040
872,218
938,258
4.9%
4,636,942
33,817
4,092,769
4,126,586
70.6%
380,000
(42,950)
657,331
614,381
1.4%
1,171,908
(94,658)
379,027
284,369
4.8% $
73,661,646
$ (1,432,478) $
21,313,948 $
19,881,470
Page 9 of 11
Capital Improvement
Arterial Street
C.B.D. Capital Improvement
Capitol Theatre Construction
Yakima Rev Development Area
Parks & Recreation Capital
Fire Capital
Law & Justice Capital
Public Works Trust Construction
REET 2 Capital Construction
Street Capital Fund
Convention Center Capital Impr
Cum. Reserve for Capital Impr
Airport Capital
Stormwater Capital
Transit Capital Reserve
Wastewater Facilities Capital Rsv
Wastewater Construction
Water Capital
Wastewater Capital
Irrigation Capital
Total Capital Improvement
2015
2016
2016
2017
2017
2017
2017
2017 2017
Actual !
Amended
Year -End
Preliminary
vs 2015
Projected
Use of
Beginning Est. Ending
)enditures €
Budget
Estimate
Expenditures
Est
Revenue
Reserves
Fund Balance Fund Balance
$ 1,822,375 ; $
10,737,025
$ 4,009,634 $
4,867,075
21.4% $
4,665,039
$ (202,036) $
573,466
$ 371,430
t
566,050 €
E
2,881,000
768,570 1
10,888,560
1316.7%
9,915,280
(973,280)
1,737,892
764,612
17,649E
242,351
70,000
60,000
(14.3%)
60,000
-
245,391
245,391
3,092,240 €
11500,000
1,177,000
2,168,686
84.3%
1,000,000
(1,168,686)
1,424,125
255,439
2,575,977E
3,344,049
3,342,406 '
2,031,000
(39.2%)
1,126,817
(904,183)
1,240,543
336,360
1,220,178 1
i
2,239,976
787,328
2,648,617
236.4%
2,641,350
(7,267)
34,097
26,830
434,337 ;
693,000
693,000 1
693,000
0.0%
501,150
(191,850)
547,718
355,868
E
642,784 €
1,011,385
951,833 11,655,114
73.9%
836,448
(818,666)
1,206,091
387,425
1,177,547E
978,250
977,372 1
782,452
(19.9%)
752,000
(30,452)
277,589
247,137
934,473
5,000,000
167:
401,500
n/a
525,659
124,159
189,303
313,462
326,762 €
E
385,000
385,000
385,000
0.0%
370,500
(14,500)
583,975
569,475
1,263,603E
1,580,000
1,490,249
-
(100.0%)
-
-
428,298
428,298
547,128E
13,805,247
13,803,913:
2,815,089
(79.6%)
2,856,150
41,061
48,065
89,126
158,484 €
E
2,400,000
700,000 i
3,900,000
457.1%
1,060,000
(2,840,000)
3,044,907
204,907
54,217 €
4,334,205
2,274,420 =
2,009,675
(11.6%)
2,656,000
646,325
4,700,848
5,347,173
83,709E
700,000
700,000
800,000
14.3%
700,000
(100,000)
1,968,809
1,868,809
81,809E
5,710,000
960,000 1
8,910,000
828.1%
2,900,000
(6,010,000)
6,114,767
104,767
E
467,972 ;
E
2,257,738
506,000:
1,444,000
185.4%
750,000
(694,000)
4,555,143
3,861,143
320,669 ;
1,380,000
-
3,750,000
n/a
501,500
(3,248,500)
4,033,623
785,123
939,442 ;
11367,542
840,284
8,367,542
895.8%
7,217,060
(1,150,482)
2,049,953
899,471
$ 16,727,406 E $
62,546,768
$ 34,437,176 1$
58,577,309
70.1% $
41,034,953
$(17,542,357) $
35,004,602
$ 17,462,246
Contingency/Operating Reserves
FRS/Capitol Theatre Reserve $ 71,927 f $ 36,641 $ 36,641 $ - (100.0%) $ - $ - $ - $ -
Risk Management 4,684,994E 5,664,864 5,471,094 3,913,381 (28.5%) 4,078,528 165,147 156,149 321,295
Total Contingency/Operating Rsys $ 4,756,921E $ 5,701,505 $ 5,507,735: $ 3,913,381 (28.9%) $ 4,078,528 $ 165,147 $ 156,149 $ 321,295
Page 10 of 11
Employee Benefit Reserves
Unemployment Compensation
Employees Health Benefit
Workers' Compensation
Wellness/EAP Fund
Firemen's Relief & Pension
Total Employee Benefit Reserves
Trust and Agency Funds
Cemetery Trust
YakCorps Agency Fund
Total Trust and Agency Funds
Debt Service
L.I.D. Guaranty
PFD Debt Service
General Obligation Bonds
L.I.D. Debt Service
Water-Irrigation/Sewer Bonds
Total Debt Service
Total City Budget
2015 €
i
2016
- $ - $
2016
2017
2017
2017
1,029,213 -
2017
2017
2017
Actual
Amended
81,814
Year -End Preliminary
vs 2015
Projected
- -
Use of
Beginning
Est. Ending
Expenditures
E
Budget
2,021,467
Estimate Expenditures
Est
Revenue
6,905,899 $ 2,886 $
Reserves
Fund Balance
Fund Balance
E
E
$ 196,662 ! $
E
227,351
$
192,644 $
227,353
18.0%
$ 205,000
$
(22,353)
$ 453,600
$ 431,247
10,394,450E
11,588,338
11,584,028
12,308,313
6.3%
12,450,000
141,687
1,403,627
1,545,314
1,244,078
1,311,017
1,144,884
1,290,919
12.8%
1,104,500
(186,419)
738,787
552,368
95,530 €
121,800
111,300
101,800
(8.5%)
100,000
(1,800)
127,348
125,548
E
1,220,413E
1,349,628
1,183,583
1,289,452
8.9%
1,333,160
43,708
1,069,410
1,113,118
$ 13,151,134E $
14,598,134
$
14,216,438 $
15,217,837
7.0%
$ 15,192,660
$
(25,177)
$ 3,792,773
$ 3,767,596
E
E
$ 12,000 $
E
12,000
$
12,000: $
12,000
0.0%
$ 21,000
$
9,000
$ 656,731
$ 665,731
- =
i
655,777
643,060
655,000
1.9%
655,000
-
-
-
$ 12,000 $
667,777
$
655,060 1 $
667,000
1.8%
$ 676,000
$
9,000
$ 656,731
$ 665,731
E
1,026,050E 1,024,025 1,024,025
3,438,378 3,736,939 3,736,939
15 € 48,000 -
2,132,154 E 2,129,054 2,129,054
$ 6,596,597 ; $ 6,938,018 $ 6,890,018
E
$184,602,345 E $ 238,800,092 $ 207,235,868
$ -
n/a $
- $ - $
25,329 $
25,329
1,029,213
0.5%
1,029,213 -
165,605
165,605
3,746,047
0.2%
3,749,832 3,785
81,814
85,599
-
n/a
- -
-
-
2,127,754
(0.1%)
2,126,855 (899)
2,021,467
2,020,568
$ 6,903,013
0.2% $
6,905,899 $ 2,886 $
2,294,216 $
2,297,101
$239,006,524 15.3% $219,768,333 $(19,238,191) $ 70,161,400 $ 50,923,209
Page 11 of 11