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HomeMy WebLinkAbout2016-040 2017 Budget AdoptionORDINANCE NO. 2016-040 AN ORDINANCE adopting a budget for the City of Yakima, Washington, for the year 2017; and making appropriations for estimated expenditures. WHEREAS, on or before the 28th day of October, 2016, a Preliminary Budget Summary for the City of Yakima for the year 2017 was duly filed with the Director of Finance and City Clerk of the City of Yakima and submitted to the Yakima City Council, all in accordance with applicable laws, and WHEREAS, subsequent to October 28, 2016, the City Council held hearings on the budget and on parts thereof, and on November 15, 2016 and on December 6, 2016, the City Council held its formal public hearing on the budget all in accordance with applicable laws, and WHEREAS, subsequent to its formal public hearing, the City Council made adjustments and changes to the budget as the Council deemed necessary or proper and determined the allowance in each item, department, classification and fund, all as set forth in the final budget document attached hereto, all in accordance with applicable laws, now, therefore, BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. The budget for the City of Yakima, Washington, for the year 2017 is hereby adopted in its final form and content as set forth in the budget document entitled "City of Yakima, Annual Budget - 2017," which is attached hereto as Schedule A and incorporated by reference herein. There is hereby appropriated for expenditure during the year 2017 the aggregate amounts listed on the attached Schedule A for each separate fund of the City, all in accordance with Title 3 of the City of Yakima Municipal Code. Pursuant to Article II, Section 9 of the City Charter, the City Manager shall administer the expenditure of all funds appropriated herein, and the City Manager is authorized to take all necessary and prudent actions to implement the City Council's expenditure directives and budget appropriations. Section 2. The City Clerk is directed to transmit a certified copy of the budget hereby adopted to the Division of Municipal Corporations in the Office of the State Auditor and to the Association of Washington Cities. Section 3. This ordinance is one required to be made by the laws of the State of Washington, and shall be in full force and effect on January 1, 2017, upon its passage and publication as provided by law. PASSED BY THE CITY COUNCIL, signed and approved this 13th day of December, 2016. Sonya Claar (6)e, City Clerk Publication Date: December 16, 2016 Effective Date: January 1, 2017 City of Yakima Annual Budget - 2017 Schedule A Summary of Appropriations by Fund 2017 2017 Projected Budget % of Fund/Description Resources Appropriation Budget 000 General Fund $ 70,842,724 $ 65,328,043 27.4% 123 Economic Development 183,676 134,266 0.1% 124 Community Development 2,519,616 1,486,742 0.6% 125 Community Relations 1,435,039 644,764 0.3% 131 Parks & Recreation 6,152,914 5,583,642 2.3% 141 Streets & Traffic Operations 8,165,988 7,518,427 3.1% 142 Arterial Street 5,238,505 4,867,075 2.0% 144 Cemetery 300,426 280,957 0.1% 150 Emergency Services 1,486,747 1,417,413 0.6% 151 Public Safety Communications 3,849,632 3,775,176 1.6% 152 Police Grants 867,312 384,078 0.2% 161 Downtown Improvement District 210,619 201,353 0.1% 162 Trolley (Yakima Interurban Lines) 2,032 1,355 0.0% 163 Front St Business Impr Area 3,792 3,500 0.0% 170 Tourist Promotion (Cony Ctr) 2,227,801 1,709,375 0.7% 171 Capitol Theatre 472,240 434,878 0.2% 172 PFD Revenue -Convention Center 1,466,366 733,213 0.3% 173 Tourist Promotion Area 788,722 707,200 0.3% 174 PFD Revenue -Capitol Theatre 844,228 661,400 0.3% 198 FRS/Capitol Theatre Reserve - - 0.0% 221 LID. Guaranty 25,329 - 0.0% 272 PFD Debt Service 1,194,818 1,029,213 0.4% 281 General Obligation Bonds 3,329,816 3,320,582 1.4% 283 1994 CJ/I-82 LT GO Bonds - - 0.0% 284 1995 UT GO Bonds - - 0.0% 287 1996 LT GO Convention Center Bonds 501,830 425,465 0.2% 289 LID. Debt Service - - 0.0% 321 CBD Capital Improvement 11,653,172 10,888,560 4.6% 322 Capitol Theatre Construction 305,391 60,000 0.0% 323 Yakima Rev Development Area 2,424,125 2,168,686 0.9% 331 Parks & Recreation Capital 2,367,360 2,031,000 0.9% 332 Fire Capital 2,675,447 2,648,617 1.1% 333 Law & Justice Capital 1,048,868 693,000 0.3% 342 Public Works Trust Construction 2,042,539 1,655,114 0.7% 343 REET 2 Capital Construction 1,029,589 782,452 0.3% 344 Street Capital Fund 714,962 401,500 0.2% 370 Convention Center Capital Impr 954,475 385,000 0.2% 392 Cum. Reserve for Capital Impr 428,298 - 0.0% Fund/Description City of Yakima Annual Budget - 2017 Schedule A Summary of Appropriations by Fund 2017 Projected Resources 2017 Budget % of Appropriation Budget 421 Airport Operating Fund 422 Airport Capital Fund 441 Stormwater Operating 442 Stormwater Capital 462 Transit 464 Transit Capital Fund 471 Refuse 472 Wastewater Facilities Capital Rsv 473 Wastewater Operating 474 Water Operating 475 Irrigation Operating 476 Wastewater Construction 477 Water Capital 478 Wastewater Capital 479 Irrigation Capital 481 1998 Water Revenue Bond Reserve 483 1996 Wastewater Revenue Bond Reserve 484 1991 Water/Wastewater Revenue Bond Red 486 2008 Water Bonds 488 2008 Wastewater Bonds 489 1991 Water/Wastewater Revenue Bond Red 491 2004 Irrigation Bonds 493 2003 Wastewater Bonds 494 Revenue Bond 512 Unemployment Compensation 513 Employees Health Benefit 514 Workers' Compensation 515 Risk Management 516 Wellness/EAP 551 Equipment Rental 555 Environmental Fund 560 Public Works Administration 612 Firemen's Relief & Pension 632 YakCorps 710 Cemetery Trust 1,396,260 2,904,215 3,379,518 4,104,907 11,864,379 7,356,848 7,460,441 2,668,809 28,056,663 12,166,391 2,675,718 9,014,767 5,305,143 4,535,123 9,267,013 598,580 412,238 352,356 2,785,148 658,600 13,853,627 1,843,287 4,234,677 227,348 8,729,711 1,037,331 1,550,935 2,402,570 655,000 677,731 $ 289,929,733 1,248,700 2,815,089 3,159,881 3,900,000 9,447,643 2,009,675 6,914,474 800,000 23,510,252 10,208,593 1,737,460 8,910,000 1,444,000 3,750,000 8,367,542 231,500 411,813 322,141 1,162,300 227,353 12,308,313 1,290,919 3,913,381 101,800 4,603,125 422,950 1,266,566 1,289,452 655,000 12,000 $ 238,803,968 0.5% 1.2% 1.3% 1.6% 4.0% 0.8% 2.9% 0.3% 9.8% 4.3% 0.7% 3.7% 0.6% 1.6% 3.5% 0.0% 0.0% 0.0% 0.1% 0.2% 0.0% 0.1% 0.5% 0.0% 0.1% 5.2% 0.5% 1.6% 0.0% 1.9% 0.2% 0.5% 0.5% 0.3% 0.0% 100.0% ITEM TITLE: SUBMITTED BY: BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDASTATEMENT Item No. 10. For Meeting of: December 13, 2016 Ordinance adopting a 2017 Budget for the City of Yakima Cliff Moore, City Manager Cindy Epperson, Director of Finance & Budget SUMMARY EXPLANATION: The item before Council is the staff recommendation to adopt the 2017 City of Yakima budget as presented. The budget includes updates to the preliminary budget as directed by Council. The Preliminary Budget Summary was first presented at a Study Session on October 24, 2016. Since that presentation, Council has given direction for various modifications, which are included in the budget now under consideration. The updated numbers are outlined in the transmittal memorandum dated December 8, 2016, included with this item. In accordance with state law, the City is required to adopt a budget prior to years end. In addition to the transmittal memorandum, a "Budget -in Brief" document that is a short summary of the citywide 2017 budget, the budget ordinance, and a schedule of revenues and expenditures that was updated from the Preliminary Budget Summary to create the 2017 Final Adopted Budget is included. ITEM BUDGETED: STRATEGIC PRIORITY: Public Trust and Accountability APPROVED FOR SUBMITTAL: City Manager STAFF RECOMMENDATION: Pass ordinance BOARD/COMMITTEE RECOMMENDATION: ATTACHMENTS: Description Upload Date O 2017 Budget Transmittal 12/8/2016 O 2017 Budget in Brief 12/8/2016 O 2017 Budget Ordinance 12/8/2016 Type CcAer Memo Cover Memo Omer Merno Memorandum Date: December 8, 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 Adoption We are pleased to transmit the final 2017 City of Yakima Budget for Council's consideration and adoption of a prudent budget balanced within available resources of $238.8 million. The overall 2017 budget represents a 15.2% increase over the projected 2016 year-end budget as well as an ending reserves of $51.1 million or 21.4% of budgeted expenditures and an increase in the operating property tax rate per $1,000 of assessed value of 0.8%. Changes that were made to the Preliminary Budget previously presented to Council and the citizenry were summarized in the report that was on the December 6, 2016 agenda, so that the final public hearing on the 2017 Budget included the most updated changes. City Council approved one more change to the budget at that meeting. That has been incorporated into this Final Budget which is presented in ordinance form for adoption. CITYWIDE BUDGET UPDATE The revised total City expenditure budget of $238.8 million represents a net decrease of $0.2 million from the 2017 Preliminary Budget of $239.0 million presented at the December 6, 2016 meeting. The only change consisted of Council's direction to remove 3 additional Firefighter positions from the 2017 budget, and make them contingent on receipt of a Staffing for Adequate Fire and Emergency Response (SAFER) grant - this change reduced General Government expenditures. The revised total City revenue budget of $219.8 million is unchanged from the December 6 presentation. The following chart summarizes the total City Budget, including the estimated beginning balance, revenues, expenditures and ending balance. Memorandum -1 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 2017 Beg. Fund Balance $ 5,754,842 605,689 582,448 6,942,980 21,313,948 35,004,602 156,149 3,792,773 656,731 272,748 2,021,467 $ 70,161,400 Estimated 2017 2017 Use of 2017 Ending Revenue Expenditures Reserves Balance $ 65,087,882 $ 65,328,043 $ (240,161) $ 5,514,681 5,547,225 5,583,642 (36,417) 569,272 7,583,540 7,518,427 65,113 647,562 78,218,647 78,430,112 (211,465) 6,731,515 73,661,646 75,095,315 (1,433,669) 19,880,279 41,034,953 58,577,309 (17,542,357) 17,462,246 4,078,528 3,913,381 165,147 321,295 15,192,660 15,217,837 (25,177) 3,767,596 676,000 667,000 9,000 665,731 4,779,045 4,775,260 3,785 276,533 2,126,855 2,127,754 (899) 2,020,568 $219,768,333 $ 238,803,968 $ (19,035,635) $51,125,764 GENERAL GOVERNMENT BUDGET UPDATE 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. As noted above, the only change was the reduction in Firefighter positions, which added back $203,476 to the 2017 Estimated Ending Balance. GENERAL GOVERNMENT BUDGET SUMMARY General Fund Parks & Recreation Street & Traffic Fund Total General Government 2017 2017 2017 2017 2017 2017 Exp Estimated Estimated End Bal Projected Proposed as % of Beginning Ending as % of Revenue Expenditures Diff Rev Balance Balance Exp $65,087,882 $ 65,328,043 $(240,161) 0.4% $ 5,754,842 $5,514,681 8.4% 5,547,225 5,583,642 (36,417) 0.7% 605,689 569,272 10.2% 7,583,540 7,518,427 65,113 -0.9% 582,448 647,562 8.6% $78,218,647 $ 78,430,112 $(211,465) 0.0% $ 6,942,980 $6,731,515 8.6% The 2017 General Government budget is virtually balanced, with the final net change using $211,465 of the beginning balance of $6,942,980 , so that the 2017 projected ending fund balance is $6,731,515 which represents 8.6% of the 2017 budgeted expenditures. The recommended Memorandum - 2 percentage of reserves compared to expenditures is 16.7%, which would require a balance of $13.1 million, or an additional $6.4 million. Management will continue to monitor operations and reserve levels. OTHER FUND CHANGES There were no changes made to other funds. 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. Memorandum - 3 THREE-YEAR BUDGET COMPARISON - 2017 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 Actual Expenditures 2016 2016 2017 2017 2017 2017 2017 2017 Amended Year -End Proposed vs 2015 Projected Use of Beginning Est. Ending Budget Estimate Expenditures Est Revenue Reserves Fund Balance Fund Balance $ 504,402 910,981 280,679 533,284 649,024 1,467,922 1,346,861 535,201 1,626,019 504,382 784,085 26,452,368 12,171,410 3,087,092 180,054 4,750,225 1,532,581 127,429 1,038,660 1,518,454 610,041 809,739 $ 418,138 $ 429,828 $ 399,805 (7.0%) 935,500 940,500 1 965,500 2.7% 285,340 271,415: 252,176 (7.1%) 206,735 - - n/a 654,256 648,483 ' 582,429 (10.2%) 653,258 638,353: 724,580 13.5% 1,651,505 1,566,632: 1,703,161 8.7% 1,431,404 1,430,029: 1,496,999 4.7% 658,184 625,322 669,715 7.1% 1,855,499 1,811,374 s 1,877,343 3.6% 505,447 495,696 ' 521,591 5.2% 889,964 798,264 1 743,507 (6.9%) 27,462,308 27,202,038: 28,119,824 3.4% 12,379,172 12,348,244 13,128,867 6.3% 3,126,390 3,083,547 1 3,478,097 12.8% 189,551 189,551 1 155,287 (18.1%) 4,839,545 4,884,845 s 5,352,664 9.6% 1,530,716 1,538,377 1 1,625,592 5.7% 113,000 115,072 1 117,000 1.7% 1,104,060 953,661 1 964,997 1.2% 1,704,433 1,647,479: 1,762,285 7.0% 630,092 625,273 1 608,463 (2.7%) 833,710 728,578 1 753,162 3.4% (1,085,000) - (675,000) n/a 61,420,893 62,973,206 62,972,563 5,554,286 5,481,878 5,481,878 5,549,823 5,408,279 5,407,091 $ 72,525,002 1 $ 73,863,363 $ 73,861,531 65,328,043 3.7% $ 65,087,882 $ (240,161) $ 5,754,842 $ 5,514,681 5,583,642 1.9% 5,547,225 (36,417) 605,689 569,272 7,518,427 39.0% 7,583,540 65,113 582,448 647,562 $ 78,430,112 6.2% $ 78,218,647 $ (211,465) $ 6,942,980 $ 6,731,515 Memorandum - 4 2015 Actual Expenditures 2016 2016 2017 2017 2017 2017 2017 2017 Amended Year -End I Preliminary vs 2015 Projected Use of Beginning Est. Ending Budget Estimate Expenditures Est Revenue Reserves Fund Balance Fund Balance Other Operating/Enterprise Economic Development $ 248,183 $ 198,071 $ 193,745 ? $ 134,266 (30.7%) $ 122,000 $ (12,266) $ 61,676 $ 49,410 Community Development 1,408,139 3,349,462 3,343,451 1 1,486,742 (55.5%) 1,481,868 (4,874) 1,037,748 1,032,874 Community Relations 634,153 618,913578,572 644,764 11.4% 678,100 33,336 756,939 790,275 Cemetery 281,178 274,712 273,212 1 280,957 2.8% 282,950 1,993 17,476 19,468 Emergency Services 1,305,260 1,417,895 1,407,895 I 1,417,413 0.7% 1,365,890 (51,523) 120,857 69,334 Public Safety Communications 4,059,802 3,563,096 3,519,226 3,775,176 7.3% 3,794,846 19,670 54,786 74,456 Police Grants 303,579 401,716 368,457 1 384,078 4.2% 416,000 31,922 451,312 483,234 Downtown Improvement District 199,062 208,993 198,500 201,353 1.4% 208,340 6,987 2,279 9,266 Trolley (Yakima Interurban Lines) 254,321 164,855 163,855 I 1,355 (99.2%) 1,275 (80) 757 677 Front St Business Impr Area 3,221 10,279 8,357 I 3,500 (58.1%) 3,735 235 57 292 Tourist Promotion (Cony Ctr) 1,610,885 1,694,510 1,654,510 1 1,709,375 3.3% 1,710,250 875 517,551 518,426 Capitol Theatre 406,528 420,497 420,497 1 434,878 3.4% 438,920 4,042 33,320 37,362 PFD Revenue -Convention Center 738,730 727,720 727,720: 733,213 0.8% 850,750 117,537 615,616 733,153 Tourist Promotion Area 657,921 687,000 687,000 707,200 2.9% 707,550 350 81,172 81,522 PFD Revenue -Capitol Theatre 639,918 630,883 630,883 i 661,400 4.8% 660,500 (900) 183,728 182,828 Airport Operating Fund 1,022,353 1,128,985 1,097,083 1 1,248,700 13.8% 1,249,229 529 147,031 147,560 Stormwater Operating 2,980,262 2,650,375 2,647,375 ' 3,159,881 19.4% 3,057,650 (102,231) 321,868 219,636 Transit 8,005,242 8,368,765 8,091,493 1 9,447,643 16.8% 9,075,569 (372,074) 2,788,810 2,416,736 Refuse 5,830,965 6,459,053 6,394,856 1 6,914,474 8.1% 7,131,094 216,620 329,347 545,967 Wastewater Operating 21,889,068 22,589,282 21,726,931: 23,510,252 8.2% 22,729,779 (780,472) 5,326,884 4,546,411 Water Operating 9,385,180 9,819,509 9,819,489 1 10,208,593 4.0% 9,703,000 (505,593) 2,463,391 1,957,798 Irrigation Operating 1,802,284 1,829,496 1,828,709 i 1,737,460 (5.0%) 1,803,500 66,040 872,218 938,258 Equipment Rental 4,749,623 4,765,532 4,388,988 ''s 4,603,125 4.9% 4,636,942 33,817 4,092,769 4,126,586 Environmental Fund 1,275,733 1,247,950 247,950 422,950 70.6% 380,000 (42,950) 657,331 614,381 Public Works Administration 1,141,699 1,256,978 1,249,153: 1,266,566 1.4% 1,171,908 (94,658) 379,027 284,369 Total Other Operating/Enterprise $ 70,833,286 1 $ 74,484,527 $ 71,667,910 1 $ 75,095,315 4.8% $ 73,661,646 $ (1,433,669) $ 21,313,948 $ 19,880,279 Memorandum - 5 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 Actual Expenditures 2016 2016 2017 2017 2017 2017 2017 2017 Amended Year -End I Preliminary vs 2015 Projected Use of Beginning Est. Ending Budget Estimate Expenditures Est Revenue Reserves Fund Balance Fund Balance $ 1,822,375 566,050 17,649 3,092,240 2,575,977 1,220,178 434,337 642,784 1,177,547 934,473 326,762 1,263,603 547,128 158,484 54,217 83,709 81,809 467,972 320,669 939,442 $ 16,727,406 Contingency/Operating Reserves FRS/Capitol Theatre Reserve $ 71,927 Risk Management 4,684,994 Total Contingency/Operating Rsys $ 4,756,921 $ 10,737,025 $ 4,009,634 $ 4,867,075 21.4% $ 4,665,039 $ (202,036) $ 573,466 $ 371,430 2,881,000 768,570 1 10,888,560 1316.7% 9,915,280 (973,280) 1,737,892 764,612 242,351 70,000 ' 60,000 (14.3%) 60,000 - 245,391 245,391 1,500,000 1,177,000: 2,168,686 84.3% 1,000,000 (1,168,686) 1,424,125 255,439 3,344,049 3,342,406: 2,031,000 (39.2%) 1,126,817 (904,183) 1,240,543 336,360 2,239,976 787,328: 2,648,617 236.4% 2,641,350 (7,267) 34,097 26,830 693,000 693,000 1 693,000 0.0% 501,150 (191,850) 547,718 355,868 1,011,385 951,833: 1,655,114 73.9% 836,448 (818,666) 1,206,091 387,425 978,250 977,372 782,452 (19.9%) 752,000 (30,452) 277,589 247,137 5,000,000 167 401,500 n/a 525,659 124,159 189,303 313,462 385,000 385,000 1 385,000 0.0% 370,500 (14,500) 583,975 569,475 1,580,000 1,490,249 (100.0%) 428,298 428,298 13,805,247 13,803,913: 2,815,089 (79.6%) 2,856,150 41,061 48,065 89,126 2,400,000 700,000: 3,900,000 457.1% 1,060,000 (2,840,000) 3,044,907 204,907 4,334,205 2,274,420: 2,009,675 (11.6%) 2,656,000 646,325 4,700,848 5,347,173 700,000 700,000 1 800,000 14.3% 700,000 (100,000) 1,968,809 1,868,809 5,710,000 960,000 ' 8,910,000 828.1% 2,900,000 (6,010,000) 6,114,767 104,767 2,257,738 506,000: 1,444,000 185.4% 750,000 (694,000) 4,555,143 3,861,143 1,380,000 - 3,750,000 n/a 501,500 (3,248,500) 4,033,623 785,123 1,367,542 840,284: 8,367,542 895.8% 7,217,060 (1,150,482) 2,049,953 899,471 $ 62,546,768 $ 34,437,176 i $ 58,577,309 70.1% $ 41,034,953 $(17,542,357) $ 35,004,602 $ 17,462,246 $ 36,641 $ 36,641 $ - (100.0%) $ - $ - $ - $ - 5,664,864 5,471,094 I 3,913,381 (28.5%) 4,078,528 165,147 156,149 321,295 $ 5,701,505 $ 5,507,735 $ 3,913,381 (28.9%) $ 4,078,528 $ 165,147 $ 156,149 $ 321,295 Memorandum - 6 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 Actual Expenditures 2016 Amended Budget 2016 2017 2017 2017 Year -End Preliminary vs 2015 Projected Estimate Expenditures Est Revenue 2017 Use of Reserves 2017 2017 Beginning Est. Ending Fund Balance Fund Balance $ 196,662 $ 227,351 10,394,450 11,588,338 1,244,078 1,311,017 95,530 121,800 1,220,413 1,349,628 $ 13,151,134 $ 14,598,134 $ 12,000 $ 192,644 $ 227,353 18.0% $ 205,000 $ 11,584,028 12,308,313 6.3% 12,450,000 1,144,884 1 1,290,919 12.8% 1,104,500 111,300 1 101,800 (8.5%) 100,000 1,183,583: 1,289,452 8.9% 1,333,160 $ 14,216,438 I $ 15,217,837 7.0% $ 15,192,660 $ $ 12,000 $ 655,777 _ $ 12,000 $ 667,777 $ 12,000: $ 643,060 655,060: $ (22,353) $ 453,600 141,687 1,403,627 (186,419) 738,787 (1,800) 127,348 43,708 1,069,410 $ 431,247 1,545,314 552,368 125,548 1,113,118 (25,177) $ 3,792,773 $ 3,767,596 12,000 0.0% $ 21,000 $ 9,000 $ 656,731 $ 665,731 655,000 1.9% 655,000 - - - 667,000 1.8% $ 676,000 $ 9,000 $ 656,731 $ 665,731 $ - $ 1,026,050 1,024,025 1,024,025: 1,029,213 3,438,378 3,736,939 3,736,939 3,746,047 15 48,000 - - 2,132,154 2,129,054 2,129,054: 2,127,754 $ 6,596,597 $ 6,938,018 $ 6,890,018: $ 6,903,013 n/a $ 0.5% 0.2% n/a (0.1%) 0.2% $ 1,029,213 3,749,832 2,126,855 6,905,899 $ 3,785 $ 25,329 $ 165,605 81,814 25,329 165,605 85,599 (899) 2,021,467 2,020,568 2,886 $ 2,294,216 $ 2,297,101 $184,602,345 $ 238,800,092 $ 207,235,868 $ 238,803,968 15.2% $ 219,768,333 $ (19,035,635) $ 70,161,400 $ 51,125,764 Memorandum - 7 CI1v OF 4 Ma 2017 BUDGET IN BRIEF The Budget In Brief provides a high-level overview of the final 2017 budget, along with significant issues that are anticipated to have a material impact in 2017. Even as the local economy is gradually bouncing back to pre -recession levels, we are still struggling with underlying conditions that has Yakima's unemployment and poverty rates higher than the state and national averages. Given these economic challenges, the 2017 budget is balanced within available resources, and is responsive to the City Council's strategic priorities and the community's needs. To that end, this budget is driven by the results of the 2015 Citizen Survey that expressed a strong need to address the City's public safety challenges and deferred infrastructure backlog, and to improve the appearance of the community and stimulate economic development. BUDGET OVERVIEW The chart below compares the 2016 year-end estimate to the 2017 budget in summary format. 2016 ESTIMATE / 2017 BUDGET COMPARISON Revenues Expenditures 2016 2016 Year -End 2017 % Year -End 2017 % Estimate Budget Chng Estimate Budget Chng General $ 62,860,032 $ 65,087,882 3.5% $ 62,972,563 $ 65,328,043 3.7% Parks and Recreation 5,551,665 5,547,225 (0.1%) 5,481,878 5,583,642 1.9% Street & Traffic Operations 5,239,988 7,583,540 44.7% 5,407,091 7,518,427 39.0% General Government Subtotal 73,651,685 78,218,647 6.2% 73,861,531 78,430,112 6.2% Utilities/Other Operating 73,510,095 73,661,646 0.2% 71,667,910 75,095,315 4.8% Capital Improvement 34,748,790 41,034,953 18.1% 34,437,176 58,577,309 70.1% Risk Management Reserves 4,894,000 4,078,528 (16.7%) 5,507,735 3,913,381 (28.9%) Employee Benefit Reserves 14,069,749 15,192,660 8.0% 14,216,438 15,217,837 7.0% Trust and Agency Funds 664,060 676,000 1.8% 655,060 667,000 1.8% G.O. Bond Debt Service 4,767,028 4,779,045 0.3% 4,760,964 4,775,260 0.3% Utility Rev Bond Debt Service 2,131,180 2,126,855 (0.2%) 2,129,054 2,127,754 (0.1%) Total $ 208,436,587 $ 219,768,333 5.4% $207,235,868 $238,803,968 15.2% The estimated revenues for all funds, including beginning balances, are $289.9 million. This represents an increase of $11.3 million or 4.1% more than the 2016 Year -End Estimate of $278.6 million. Budget in Brief -1 The expenditure budget for FY 2017 for all funds is $238.8 million. This is $31.6 million or 15.2% more than the 2016 Year -End Estimate of $207.2 million. Most of this increase ($24.1 million) is in the area of capital improvement. 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 2017 BUDGET SUMMARY Estimated 2017 Beg. Fund Balance $ 5,754,842 605,689 582,448 6,942,980 21,313,948 35,004,602 156,149 3,792,773 656,731 272,748 2,021,467 $ 70,161,400 Estimated 2017 2017 Use of 2017 Ending Revenue Expenditures Reserves Balance $ 65,087,882 $ 65,328,043 $ (240,161) $ 5,514,681 5,547,225 5,583,642 (36,417) 569,272 7,583,540 7,518,427 65,113 647,562 78,218,647 78,430,112 (211,465) 6,731,515 73,661,646 75,095,315 (1,433,669) 19,880,279 41,034,953 58,577,309 (17,542,357) 17,462,246 4,078,528 3,913,381 165,147 321,295 15,192,660 15,217,837 (25,177) 3,767,596 676,000 667,000 9,000 665,731 4,779,045 4,775,260 3,785 276,533 2,126,855 2,127,754 (899) 2,020,568 $ 219,768,333 $ 238,803,968 $ (19,035,635) $51,125,764 ➢ The use of reserves of $19.0 million is programmed to be primarily out of capital funds, which is typical as reserves are built over time to be used for major projects. Wastewater, Stormwater, and Water utilities are in the middle of major capital programs. ➢ The operating funds are set with conservative revenue estimates - even though many of them are budgeted to use reserves, it is likely that future revenue will exceed budget, bringing them closer to "break-even" by next year-end. Some features of the Fiscal Year 2017 budget that should be noted are: Revenues ➢ The general operating property tax levy for FY 2017 is estimated to be $3.1117 per $1,000 of assessed value, a slight increase of $0.0238 or 0.8% above the current rate. ➢ At the November 28, 2016 meeting, Council determined to add two new revenues and change the parameters on a third: • Add a Brokered Natural Gas utility tax, which would bring in an estimated revenue of $70,000 annually. • Establish a Transportation Benefit District (TBD), which would allow the City to impose a vehicle tab fee. Currently budgeted at $15.00, this revenue is estimated to add about $1.0 million annually to City revenues ($500,000 in 2017). • Increase the lid on electric, natural gas and telephone tax, from $4,000 to $8,000 per customer per month for 4% of the total 6%, which will add about $130,000 in revenue. Budget in Brief - 2 ➢ Planning is instituting an increase in some land use application fees in order to create a more equitable sharing of the processing costs between the City and private development - the additional revenue is expected to be about $50,000. ➢ Refuse is implementing a rate increase that will average about 7.1% in total, ranging from $1.13 to $1.28 per account per month. This rate increase will support the increase in landfill charges, and start to rebuild reserves so that a recycling program can be considered in a few years. ➢ Fire added a fire inspection fee, which is expected to generate about $250,000 in 2017. ➢ Water, Wastewater, and Stormwater, utilities are budgeting rate increases in 2017 - 8.5%, 3.0%, and 63.1% respectively. Irrigation has no budgeted rate changes for 2017. Recent rate studies had indicated an increased need for all but Irrigation in previous years, but management postponed any rate adjustments until 2017. Personnel ➢ 767.70 total proposed full-time (FTE) positions in all funds for Fiscal Year 2017. ➢ A net increase of 5.25 FTE's from 2016 -1.25 in General Government; 4.00 in other funds. Capital Improvements The City will invest $58.6 million in FY 2017 to address its capital needs. The top three projects consist of the Yakima Central Plaza ($10.8 million); Rebuilding of Nelson Dam in the Irrigation Capital Fund ($8.0 million), and work on a Speedway Lift Station in Wastewater ($7.0 million). FINANCIAL CONDITION Despite several years of downward pressure on revenues mainly due to tax relief legislation and the economic recession, Yakima is emerging from the recession and is continuing to maintain fiscal stability. Bond Ratings The City is proud of affirming an "AA-" rating from Standard and Poor's on its water and wastewater utilities. Also, in 2014 Standard and Poor's upgraded the City's rating on its general obligation bonds from "A+" to "AA-". Careful preparation by the staff, combined with good audits, high level of fiscal responsibility and comprehensive written financial policies resulted in this upgrade. A better rating means the City's general obligation bonds are considered to be of high investment quality, which translates into lower interest rates and corresponding lower interest payments. General Government Revenues/Balancing Ad valorem taxes - To ensure its long-term financial success, the City is proposing to set its operating property tax levy at a rate of $3.1117 per $1,000 of assessed value in Fiscal Year 2017. State law allows the City to impose the lesser of the rate of inflation (as measured by the Implicit Price Deflator (IPD)) or 1% above the prior year levy, plus levies for new construction and annexations. The City estimates to collect $416,000 or 2.3% more in the FY 2017 levy than it did in FY 2016, made up of 1.3% for new construction and the 1.0% increase. The 2017 General Government incremental revenue growth of $4.6 million is based on the following: Budget in Brief - 3 ➢ Proposed 1% inflation adjustment in property taxes plus an estimate of $416,000 1.3% new construction (Because this year's implicit price deflator is only 0.953% a super majority (5 - 2) vote and a declaration of "substantial need" was obtained to pass a 1% increase.) ➢ 3.8% growth in sales tax 640,000 (2012 - 2014 growth above 6.0% - 2015 2.9%, 2016 est. 4.0%) ➢ Brokered natural gas utility tax 70,000 ➢ New Transportation Benefit District (TBD) (half year -Gen Gov't only) 112,500 ➢ Lifting of lid for electric, natural gas, and telephone utilities 130,000 ➢ Utility tax growth - includes rate increases for City utilities 620,000 ➢ Sale of two Tiger Mart locations 400,000 ➢ Other charges for service (City Service, Utility Billing) 439,000 We have balanced the 2017 General Government Fund budget using the following strategies: ➢ Instituting a 1.2% vacancy rate. Savings: $675,000 2% payroll vacancy savings dropped to 1.2% -- from $1,085,000 to $675,000 (savings haven't materialized because of accrued leave cashouts, additional overtime, and medical fund pressure) ➢ Elimination of 4 vacant positions in General Government Savings: 345,000 ➢ Imposition of Fire Inspection Fee, Increase Zoning -Land use services fee Revenue: 300,000 MAJOR POLICY CONSIDERATIONS The 2017 budget includes the following investments in the community's key priorities: Strategic Priority Budgeted Item(s) Amount New Revenue ($714,000) Establish brokered Natural Gas utility tax lifted lid on electric, natural gas and telephone tax Establish Transportation Benefit District (TBD) /$15 tab fee (half year) $ (70,000) (130,000) (514,000) Public Safety (PS) $4,513,100 Online reporting system Police / Legal Center reconfiguration Police fleet replacements Fire apparatus (2015 Strategic Initiative) Facility remodel and modernization Add one Fire Maintenance Mechanic (net of Temp reduction) Add three firefighters (9 months) Fire Inspection fee Add one Public Safety Communications Supervisor Refurbish Communications vehicle Energy conservation measure - LED lighting 49,000 20,000 400,000 1,500,000 307,850 74,800 209,250 (250,000) 90,200 12,000 2,100,000 Budget in Brief - 4 Strategic Priority Budgeted Item(s) Amount Economic Development (ED) $14,902,400 Economic Development community support Public Market / Business Incubator location evaluation Yakima Central Plaza Cascade Mill Redevelopment project Replace Ford tractor at the Airport Add one Airport Assistant Manager Yakima Transit marketing Purchase & install 25 passenger counters for Transit system Upgrade Transit Center cameras Replace 3 administrative vehicles for Transit Purchase & install 10 solar bus shelters -Transit Transit ADA sidewalk improvements Transit buses (carryover of 2016 Strategic Initiative) 318,333 16,667 10,817,000 1,200,000 43,000 102,400 100,000 50,000 40,000 100,000 130,000 100,000 1,885,000 Neighborhood & Community Building (NC) $33,221,100 City Hall facility projects Airport capital projects Arterial Street capital improvements Wastewater capital improvements Wastewater rate increase Add one Pretreatment Crew Leader -Wastewater Stormwater capital improvements Stormwater rate increase Water capital improvements Water rate increase Irrigation capital improvements Refuse rate increase Equipment Rental Shop equipment Replace fuel management system Parks & Recreation capital improvements Henry Beauchamp Community Center repair/replacement Sidewalk repair / installation & tree removal 1,292,000 1,950,000 4,516,100 12,825,000 (577,000) 85,000 3,900,000 (1,357,000) 1,444,000 (740,000) 8,000,000 (473,000) 88,000 175,000 2,013,000 30,000 50,000 Partnerships (PA) $5,640 Capitol Theatre Committee Management fee increase 5,640 Public Trust & Accountability (PT) $1,554,500 Upgrade DA -III (50%) to City Records Assistant (100%) Replace Telephone Tech with Telecommunications Analyst Add 2 modules to NEOGov software -Human Resources Purchase Workiva reporting software -Finance Replace a Legal Assistant II with 50% Purchasing position Land development fee increase Planning reorganization ($23,300 in 2018) Full size copier / scanner -Engineering Fleet vehicle additions and replacements 10,800 9,500 39,200 29,000 (38,000) (50,000) 18,000 1,536,000 Budget in Brief - 5 2017 EXPENDITURE BUDGET BY FUND ($238.8 MILLION) Ca pita l Improvement $58.6 24.5% Utilitie s/Other Ope rating $75.1 31.4% Risk Ma na gement Reserves Employee $3.9 Benefit 1.6% Reserves $15.2 6.4% / Stre et & Tra ffic Parks and Operations Re creation $5.1 $5.6 3.1% 2.3% 2017 RESOURCES BUDGET BY FUND ($289.9 MILLION) Ca pita l Improvement $76.0 26.2% Utilitie s/Othe Ope rating $95.0 32.8% Resources= Revenues plus Beginning Fund Balance Risk Management Reserves $4.2 1.5% Trust and Agency Funds $0.7 0.3% G.O. Bond Debt Se rvice $4.8 2.0% Utility Revenue Bond Debt Service $2.1 0.9% Ge ne ral Fund $60.8 27.4% Trust and Agency Funds Employee $5.1 Benefit 0.5% Reserves $19.0 G.O. Bond Debt 6.5% Service $5.1 1.7% Parks and Recreation Street & Traffic $6.2 Ope rations 2.1% $8.2 2.8% Utility Revenue Bond Debt Service $4.1 1.4% Ge ne ral Fund $70.8 24.4% Budget in Brief - 6