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HomeMy WebLinkAbout11/07/2023 11. First public hearing on the 2024 Mid-Biennial Budget for the City of Yakima 1 otU5'-i °.',, s, V a, . BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 11. For Meeting of: November 7, 2023 ITEM TITLE: First public hearing on the 2024 Mid-Biennial Budget for the City of Yakima SUBMITTED BY: *Bob Harrison, City Manager Rosylen Oglesby,Assistant City Manager SUMMARY EXPLANATION: This is the first public hearing prior to adoption of the 2024 Mid-Biennial Budget. The second hearing is scheduled for November 21, 2023. The Preliminary 2024 Mid-Biennial Budget was submitted to City Council and reviewed and discussed in Study Sessions on October 10th and October 24th. ITEM BUDGETED: NA STRATEGIC PRIORITY: Public Trust and Accountability APPROVED FOR SUBMITTAL BY THE CITY MANAGER RECOMMENDATION: Conduct the Public Hearing and accept public testimony. ATTACHMENTS: Description Upload Date Type ❑ 1st Pub Hearing PPT 11/1/2023 Presentation i JCD Ii....,-- - - . , _ t __ C 2024 Mid 4.________J ___:____::_____,________ 40,. 0 d �/ ■ ■ . : iennia u e z,, t 45 A�; ,, City Council Business Meeting November 7, 2023 Overview The purpose of the presentation is to provide a review of the proposed 2024 Mid-Biennial Budget. 0 Pg.2•City of Yakima Public Hearing•Review of 2024 Mid-Biennial Budget•November 7,2023 '�4 _ � General Fund Forecast Including In Lieu Increase With Transfers 2021 2022 2023 2024 2025 2026 2027 Actual Actual YE Est Amended Projected Projected Projected Beginning Balance $ 13,295,597 $ 15,273,951 $ 12,579,889 $ 9,059,412 $ 10,018,955 $ 8,911,700 $ 5,563,987 Revenues Sales Tax 27,149,846 27,843,631 28,880,497 30,183,000 31,390,320 32,645,933 33,951,770 Utility&Franchise Taxes 19,070,610 20,505,532 21,542,882 23,999,783 24,479,779 24,969,375 25,468,763 Property Tax 8,967,221 9,066,584 9,005,763 8,807,406 8,983,554 9,163,225 9,346,490 Charges for Services 3,470,078 2,871,331 3,087,586 3,130,502 3,193,112 3,256,974 3,322,113 Intergovernmental Revenues 3,697,113 4,485,636 3,870,363 3,497,875 3,567,833 3,639,190 3,711,974 Other Taxes&Assessments 1,273,990 1,309,217 1,207,100 1,260,389 1,285,597 1,311,309 1,337,535 Licenses Sr Permits 1,711,245 1,796,136 1,895,786 1,921,200 1,959,624 1,996,816 2,038,792 Fines&Forf,Transfers,Mix 448,730 870,188 4,054,692 3,916,178 3,994,502 4,074,392 4,155,880 Total Revenues 65,788,833 68,748,255 73,544,669 76,716,333 78,854,321 81,059,214 83,333,317 Expenditures Salaries&Wages 37,804,313 40,738,000 43,417,335 44,231,710 46,885,613 49,698,750 52,680,675 Personnel Benefits' 13,070,709 13,451,287 16,441,221 16,835,098 17,845,204 18,915,916 20,050,871 Supplies-Cons&Resale 1,630,847 2,093,296 2,257,200 2,089,199 2,172,767 2,259,678 2,350,065 Services&Payments' 8,747,125 12,058,524 12,172,440 10,109,674 10,514,061 10,934,623 11,372,008 Capital Outlays 261,107 776,942 376,898 100,000 105,000 110,250 115,763 Debt Service 206,540 206,390 206,233 166,852 170,189 173,593 177,065 Transfers 5 2,089,838 2,117,878 2,193,819 2,224,257 2,268,742 2,314,117 2,360,399 Total Expenditures 63,810,479 71,442,317 77,065,146 75,756,790`179,%1,576 84,406,927 89,106,846 Est End Fund Balance $ 15,273,951 $ 12,579,889 $ 9,059, $ 10,018,955 $/8,911,700 $ 5,563,987 $ (209542) Policy Rae Amt-16.7% $ 10,656,350 $ 11,930,867 $ 12,869,879 $ 12,651,384 $ 13,353,583 $ 14,095,957 $ 14,880,843 Net Fund Balance 5 4,617,601 $ 044.022 $ (3,810,467) 5 (2.s 52,429) $ (4,441,883) $ (8,531,970) $ (15,090,385) Pg.3•City of Yakima Public Hearing.Review of 2024 Mid-Biennial Budget•November 7,2023 I General Fund Forecast With Transfers 2021 2022 2023 2024 2025 2026 2027 Actual Actual YE Est Amended Projected Projected Projected Beginning Balance $ 13,295,597 S 15,273,951 $ 12,579,889 $ 9,071,880 $ 7,407,370 $ 3,613,581 $ (2,484,797) Revenues' Sales Tax 27,149,846 27,843,631 28,880,497 30,183,000 31,390,320 32,645,933 33,951,770 Utility&Franchise Taxes 19,070,610 20,505,532 21,542,882 21,875,730 22,313,245 22,759,510 23,214,700 Property Tax 8,967,221 9,066,584 9,0(5,763 8,807,406 8,983,554 9,163,225 9,346,490 Charges for Services 3,470,078 2,871,331 3,087,586 3,130,502 3,193,112 3,256,974 3,322,113 Intergovernmental Revenues 3,697,113 4,485,636 3,993,825 3,497,875 3,567,833 3,639,190 3,711,974 Other Taxes&Assessments 1,273,990 1,309,217 1,207,100 1,260,389 1,285,597 1,311,309 1,337,535 Licenses&Permits 1,711,245 1,796,136 1,895,786 1,921,200 1,959,624 1,998,816 2,038,792 Fines&Fort,Transfers,Misc 448,730 870,188 4,054,692 3,916,178 3,994,502 4,074,392 4,155,880 Total Revenues 65,7813,833 68,748,255 73,668,131 74,592,280 76,687,787 78,849,349 81,079,254 Expenditures' Salaries&Wages 37,804,313 40,738,000 43,417,335 44,231,710 46,885,613 49,698,750 52,680,675 Personnel Benefits 13,070,709 13,451,287 16,443,540 16,835,098 17,845,204 18,915,916 20,050,871 Supplies-Cons&Resale 1,630,847 2,093,296 2,253,613 2,089,199 2,172,767 2,259,678 2,350,065 Services&Payments 8,747,125 12,058,524 12,161,240 10,609,674 11,034,061 11,475,423 11,934,440 Capital Outlays 261,107 776,942 500,360 100,000 105,000 110,250 115,763 Debt Service 206,540 206,390 206,233 166,852 170,189 173,593 177,065 Transfers 2,089,838 2,117,878 2,193,819 2,224,257 2,268,742 2,314,117 2,360,399 Total Expenditures 63,810,479 71,442,317 77,176,140 76,256,790 80,481,576 84,947,727 89,669,278 Est End Fund Balance S 15,273,951 $ 12,579,889 $ 9,071,88( $ 7,407,370 $J 3,613,581 $ (2,484,797) $ (11,074,821) Policy Rsv Amt-16.7/ 5 10,656,350 $ 11,930,867 S 12,888,415 $ 12,734,884�$ 13,440,423 $ 14,186,270 $ 14,974,769 Net Fund Balance S 4,617,601 $ 649,022 $ (3,816,535) $ (5,327,514) $ (9,826,842) $ (16,671,067) $ (26,049,590) Pg.4•City of Yakima Public Hearing.Review of 2024 Mid-Biennial Budget•November 7,2023 GF Fund Balance vs . Policy Reserve Amount $20,000,000 $15,000,000 • $10,000,000 = - I '�`-_� w $5,000,000($5,000,000) ($10,000,000) ($15,000,000) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Actual Actual Actual Actual Actual Actual Actual YE Est Budget Projected Projected Projected -9- Ending Fund Balance f Policy Rsv Amt- 16.7Y;, Pg.5•City of Yakima Public Hearing.Review of 2024 Mid-Biennial Budget•November 7,2023 , Citywide Forecast 2021 2022 2023 2024 2025 2026 2027 Actual Actual YE Est Amended Projected Projected Projected Beginning Balance $ 124,121,259 $ 133,867,128 $ 132,324,609 $ 108,913,586 $ 102,530,204 $ 89,107,586 $ 68,120,096 Revenues Sales Tax 37,721,932 38,848,987 39,773,497 41,181,000 42,828,240 44,541,370 46,323,025 Utility&Franchise Taxes 20,185,211 22,056,133 23,118,210 23,463,365 23,932,632 24,411,285 24,899,511 Property Tax 21,723,187 21,974,766 22,919,530 23,942,139 24,420,982 24,909,402 25,407,590 Charges for Services 57,238,414 59,217,781 59,409,825 61,633,234 62,865,899 64,123,217 65,405,681 Intergovernmental Revenues 40,743,387 32,736,542 68,190,140 49,558,905 45,450,083 46,359,085 47,286,267 Other Taxes&Assessments 7,250,080 7,884,336 6,879,419 7,096,712 7,238,646 7,383,419 7,531,067 Licenses&Permits 3,073,151 3,157,085 3,376,671 3,402,085 3,470,127 3,539,530 3,610,321 Fines&Forl,Transfers,Misc 55,117,731 63,140,341 59,502,514 60,606,709 61,818,843 63,055,220 63,685,772 Total Revenues 243,053,093 249,015,971 283,169,806 265,884,149 272,025,452 278,322,528 284,149,254 Expenditures' Salaries&Wages 61,175,233 64,424,137 73,023,788 73,526,559 77,938,153 82,614,442 87,571,309 Personnel Benefits 36,896,845 37,987,958 43,758,718 45,105,938 47,812,294 50,681,032 53,721,894 Supplies-Cons&Resale 7,120,799 9,516,657 10,681,649 10,283,160 10,699,4136 11,122 765 11,567,156 Services&Payments 56,400,951 62,313,827 75,672,820 71,785,111 74,656,515 77,642,776 80,748,487 Custodial Outlays 4,911,591 4,247,961 -- — — — — Capital Outlays 43,091,731 41,224,432 75,886,513 44,950,751 47,198,289 49,558,203 52,036,113 Debt Service 9,737,853 9,064,306 9,128,254 7,597,435 7,749,384 7,904,372 8,062,459 Transfers 13,972,221 21,779,212 18,429,087 19,018,577 19,398,949 19,786,928 20,182,667 Total Expenditures 233,307,224 250,558,990 306,580,829 272,267,531 285,448,070 299,310,018 313,890,085 Est End Fund Balance $ 133,867,128 $ 132,324,609 $ 108,913,586 $ 102,530,204 $ 89,107,586 $ 68,120,096 $ 38,379,265 Policy Rsv Amt-16.75' $ 38,962,306 $ 41,843,268 $ 51,198,998 $ 45,468,678 $ 47,669,828 $ 49,984,773 $ 52,419,644 Net Fund Balance $ 94,904,822 $ 90,481,341 $ 57,714,588 $ 57,061,526 $ 41,437,758 $ 18,135,323 $ (14,040,379) Pg.6•City of Yakima Public Hearing.Review of 2024 Mid-Biennial Budget•November 7,2023 _ 41FIlik. Citywide Fund Balance vs. Policy Reserve Amount $150,000,000 $100,000,000 $50,000,000 • • • $-- 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Actual Actual Actual Actual Actual Actual Actual YE Est AmendedProjectedProjected Projected —40— Ending Fund Balance —111— Policy Rsv Art- 16.7% Pg.7•City of Yakima Public Hearing.Review of 2024 Mid-Biennial Budget•November 7,2023 Reserve Balance Summary With Transfers 2023 2024 Projected %of Amended Amended Ending %of End Balance Exp Revenues Expenditures Balance Exp General Fund $ 9,071,881 11.8 % $ 74,592,280 $ 76,256,790 $ 7,407,371 9.7 Parks and Recreation 483,495 7.9 % 6,553,589 6,558,589 478,495 7.3 % Street&Traffic Operations 1,222,799 19.9 % 6,615,518 6,753,842 1,084,475 16.1 % General Government Subtotal 10,778,175 12.0 % 87,761,387 89,569,221 8,970,341 10.0 % Other Gov't Operating Funds 6,853,715 24.2 % 29,536,351 29,560,370 6,829,696 23.1 % Government Capital Funds 13,133,036 43.0 % 16,591,461 18,032,299 11,692,198 64.8 % Enterprise Operating Funds 40,071,533 58.8 % 67,269,972 68,832,823 38,508,682 55.9 % Enterprise Capital Funds 20,411,591 47.6 % 23,833,069 23,515,998 20,728,662 88.1 % Internal Service Funds 2,299,609 15.1 % 10,827,190 11,114,578 2,012,221 18.1 % Employee Benefit Reserve 5,899,672 320 % 20,443,592 19,265,158 7,078,106 36.7% Risk Management Reserves 5,422,562 82.7% 4,546,286 7,352,242 2,616,606 35.6 % Debt Service&Agency Funds 4,043,693 58.3 % 5,074,841 5,024,842 4,093,692 81.5 % Total $ 108,913,586 35.5 % $ 265,884,149 $ 272,267,531 $ 102,530,204 37.7"/o Pg.8•City of Yakima Public Hearing*Review of 2024 Mid-Biennial Budget•November 7,2023 ' ) Summary of Appropriations by Fund Estimated 2023 2023 2023 2024 2024 Ending lac in Fund Beg YE EN YE Est Amended Amended Fund (Dec in) Fund/Description Balance Revenue Expenditure Revenue Expenditure Balance Rennes General Fund 5 .4,450 $ 6,1,367,283 $ 72199,148 $ 72,517,245 $ 70.754,330 $ 8,465,500 $ (1,068,950) General Foul•Criminal al Justice 1,457,735 3,254,000 3,799,158 3,322000 3.927,713 306,864 (1,150,871) General NMI-Fire Relief&Pension 1,587,704 923386 1,066840 877,088 1,074,747 1246391 (341,113) Neighborhood Development 1,204804 4,424,683 4529,319 3462689 3,955,921 606,936 (597,868) Community Relations 778,111 596,289 762,118 607,126 691,035 528,373 (249,738) Pad.&Recreation 563,546 6,073,862 6,133,913 7042,806 6,758589 787,712 224,166 Clean City Fund 269.222 835,775 737,3,55 856509 777551 446,597 177,375 Streets&T ra(ffc 1,537274 5,837 353 6,132,828 6E15518 6,753,842 1,103,475 (433,799) Cemetery 192236 364E42 375341 390000 412,489 159248 (329881 Emergency Servioes 20/b13 1832,906 1,889,781 2,283,698 1,624,675 806,761 602148 Public Safety Comnuu icatio s 659E73 2500,307 2,611,0711 2.550,821 2522582 577,141 (82,532) Police Grants 948,530 180,0X1 743,871 180,000 232,411 332,248 (616,282) Public Satiety Comm-Crum Just 0.3% 446,475 215,000 336,434 215000 373,143 166898 (279,577) Public Safety Comm-Dispatch 516,931 1,714,959 1,768,581 1816,985 18117,943 472.351 (44580) Downtown Yakima Bus Wipe Dist 77,990 185,750 183862 185,750 184.632 80.996 3006 Trolley 42535 11,869 10,042 11,869 15,305 40,926 (1,609) Front Street Business lmprovenuxd 8,013 3,700 3,700 3,700 3,700 0,013 -- Convention&Event Ceder 716785 2,078501 1,986,398 2,106,200 1,998,904 916,183 199,398 Capitol Theatre 102725 455„244 423,990 432030 421504 144A75 41,750 PET/Rev-Cow&Event Center 1,201,762 1316,624 1515,096 1,122,943 1,430082 499,151 (705,611) Tourist Promotion Area 143,220 1,201,679 1,203,522 1,210,400 1,217550 134,777 (8,993) PFD Rev-Capitol 645E16 837,792 851E58 861,331 151,609 841,472 195,856 ARPA Fiscal Recovery Fund 67700 8,387,029 8387,026 11,239,330 11,239,330 67,700 - PFL3 Debt Service 223,141 1,404577 1,401,068 1,454,277 1,404,278 273,649 50508 !disc LTGO Bonds 17,626 3,018,414 3,018,414 2,949,914 2,949,914 17,626 Law&bettor Capital 0.3: 575,776 120,000 254,355 120,000 120010 441,421 (134,355) CBD Capital improvement 55)324 - -- -.. 55,024 ... Capitol theatre Capital 86,977 468,275 547,465 60,000 60,000 7787 (79,190) Yakima Revenue Development Area 330,542 1015,191 1,345,725 1,260,000 1,259,925 83 (330,459) Parks&Recreation Capital 12,181 1,256,893 1351,815 307,120 61,559 362,820 350,639 Fire('4p13el 510,237 163,000 82,162 163,000 82,291 671,784 161,547 Law&Justice Capital 856,201 274,227 776,855 278,032 2,718 628)387 (227,314) REET 1 4323052 1,478,440 4,653,216 1,492,448 139,1,759 1,245,965 (3,077087) 8EE12 1,535,139 1393,992 2097,2,51 1,408,030 1,898,636 341,244 (1,193,895) Pg.9•City of Yakima Public Hearing.Review of 2024 Mid-Biennial Budget• November 7,2023 I `r,. ; Summary of Appropriations by Fund continued 2023 2023 2023 2024 2024 Ending Inc In Fund Beg YE Eat It Est Am6n61641 A mrnJed Fend (Dec lnt Fund/Deaaipllan BJanee Revenue LnpenJiture Revenue Ecpendn lure Balance Reaervee 'transportation Benefit Mitering 4,281860 1,65009 735,037 1,7146,0W 1,999,115 4,984,277 702417 Sheet Overlay&Reconstruction 2,719,374 17,687,851 17,451,508 9,036,861 9,456,993 2,035,.585 (683,789) Cony&Event Center Cap Impr 1,758,805 792 500 1,289,722 7130,000 1,089,097 952.486 (806,319) Capital Impr-Cumulative Reserve 328,421 170,000 107,086 51,335 (277,086) Airport Operating 1,156059 1,729,123 1,707,470 1.790,816 1,943,276 1,025,252 (130,807) Airport FAA 597,238 2,732,4110 3,073,782 6,628,451 6512,357 341,950 (255,288) Stomnwater Operating 1,089,237 4,834,924 3,80,770 4,064,410 4329,280 1,815,521 726,284 Stoemwater 1.apital 5,418,295 859,802 4,02D 554 955,117 915,292 2,287368 (3,130,927) Tranail Operating 10,754520 15,515,549 10,807,181 11,251,664 10,463,632 16,250,920 5,496,400 Transit Capital 3,492,382 7,921,629 6,918,241 1,812,268 1,700,000 4,600,038 1,115,656 Refuse 4,343,235 9,251,365 9,357,446 9,701,656 10,138528 3800,282 (542,953) Wastewater Capital-Facilities 5,570,122 1,000J100 5,126,710 100,000 910.150 1,533262 (4036,860) Wastewater Operating 11,793,966 24388,283 26,564,605 24388,793 27,703770 6305,667 (5,488,299) Water Operating 7,698591 12,295,817 13,172,255 13,905,03.3 14,316,326 6,410,860 (1,287,731) Irrigation Operating 1,318,689 2,102,600 2,410,460 2,167,600 2,654,282 524,147 (794542) Wastewater Capital-Corutuction 10,448,673 3,209,802 10,120,815 2,205,117 1,768,068 3,974709 (6473,964) Water Capital 1,880884 2,909072 2751,260 3,205,117 668517 4,5761326 2695,142 Wastewater Capital-Protects 5,835,538 2,650,000 6,367,750 4,000,000 4,383,978 1,733,810 (4,101728) Irrigation Capital (1,180331) 9,957,000 4,512,546 4A27,000 6,617,636 1,673,498 2,853,818 2008 Wastewater Bond 14072 382,800 382,800 387,900 387,900 14,072 2004 Imgation Bond 28827 276,600 276,600 270,750 270,750 28,827 • 2012 Wastewater Bond 1,613682 1.161,800 1,164,800 1613,482 - . Unem ployrrrent Compensation 421757 247,995 227,542 259358 319,019 492549 70,792 Employee Health Benefit Reserve 4,170,588 15,561,35 14,730,085 15,628,548 15,064,295 5,567,391 1,396,803 Workers'Compensahorn Reserve 135065 3,559,494 3,435,885 4,480,686 3,700,144 1.039.216 904,151 Risk Management Reserve 6,5441318 5,438,458 6860,714 4,546,286 7,352,242 2,616,606 (3,928,212) Wellness/Employee Assl Program 187,451 75,000 66,900 75,000 66,900 203,651 16,200 Equipment Rental/Reserves(552) 4,946,674 6,238,398 8,695,039 6,0988130 6,265399 2,323,514 (2,623.160) Environmental 289858 487,800 569,895 630,1100 724,658 113,105 (176,753) Public Works Adnortislranon 609,463 1,433,450 1877720 1.462,119 1,488,330 138,982 (470,481) Utility Services 474,405 24479,269 2,860,541 2836,191 2,636,191 493.133 18,728 YakCorpa 1,100,166 673,166 673,166 -. 1,109,166 ... Custodial Fund 307761 .- -- 307761 -. Cemetery[rust 729.109 12,009 12,000 12001 12.11W 729,109 - $132,324,611 5282,9123142 5 1')4!117.107 521,8 597,43_i 51 4.4'r.620)1 $104.4636135 8(27,862.926) Pg.10•City of Yakima Public Hearing.Review of 2024 Mid-Biennial Budget•November 7,2023 1 , 4111 r Ak (Nor,: ,