HomeMy WebLinkAbout12/05/2017 08 2018 Preliminary Budget - Second Public HearingBUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
1
Item No. 8.
For Meeting of: December 5, 2017
ITEM TITLE: Second public hearing on the 2018 Preliminary Budget for the
City of Yakima
SUBMITTED BY: Cliff Moore, City Manager
Tara Lewis, Financial Services Manager
SUMMARY EXPLANATION:
The proposed 2018 Preliminary Budget Summary is being presented for consideration by the
City Council and the public in two Public Hearings scheduled for November 21, 2017 and
December 5, 2017. Budget adoption is scheduled for December 12, 2017.
Budget Process
Over the course of several months, City staff developed estimates of projected revenues and
expenditures for the coming year to form a 2018 Budget Proposal. Council considered and
discussed that proposed budget during a series of four Study Sessions during mid-October.
Based on the outcome of those sessions, the proposed 2018 Preliminary Budget was prepared
and posted to the City's website at uv.yakimawa.gov/services/finance/financial reports/
The proposed 2018 Preliminary Budget is a maintenance level budget for all funds except the
Enterprise Funds which do not generally receive any support from the general revenues of the
City. Very few general government initiatives are included that are not accompanied by specific
revenue to support them. Expenditure increases are primarily a result of moderate wage
increases due to collective bargaining agreements.
Included in the proposed 2018 Preliminary Budget is a 1`)/0 increase in the Ad Valorem Property
Tax which was passed by Council at their November 7 Business Meeting. Also included is a
revenue initiative that would eliminate the cap on utility tax paid by external utilities. This action
would only impact the largest utility customers, those businesses whose monthly utility bill is over
$200,000. Removing the cap would add, on average, between $6,000 and $7,000 a year to
those bills. Removing the cap would not impact residential or small to mid-sized commercial utility
customers. These revenue increases will help the City to achieve its goal of financial stability by
rebuilding the reserves that were drawn below policy level in recent years.
Also included in the proposed 2018 Preliminary Budget is funding for the Transportation Benefit
2
District (TBD) that was enacted in early 2017. This budget includes a $20 car tab fee to be
collected over a 20 year timeframe to finance the project list associated with the TBD. It is
unlikely that all of the listed projects associated with the TBD would be accomplished in a timely
manner (if at all) without the TBD funding.
Both revenue initiatives will be presented for Council consideration at the December 5th
Business Meeting, separate from the budget consideration.
The purpose of the Public Hearing is to accept input, comments and / or questions from
residents and interested parties regarding the proposed 2018 Preliminary Budget.
In accordance with state law, Council is required to conduct two public hearings and adopt the
budget prior to year-end. The second and final public hearing will be conducted on December 5,
2017, and the final budget ordinance will be presented for Council approval on December 12.
ITEM BUDGETED:
NA
STRATEGIC PRIORITY: Public Trust and Accountability
APPROVED FOR
SUBMITTAL:
City Manager
STAFF RECOMMENDATION:
Conduct the Public Hearing and accept public testimony.
BOARD/COMMITTEE RECOMMENDATION:
ATTACHMENTS:
Description Upload Date Type
D 2018 Preliminary Budget 11/15/2017 Exhibit
3
INTRODUCTION: TRANSMITTAL
OFFICE OF THE CITY MANAGER
129 North Second Street
Yakima, WA 98901
Phone: (509) 575-6040
MEMORANDUM
TO: Honorable Mayor and Members of the Yakima City Council
FROM: Cliff Moore, City Manager
DATE: November 1, 2017
SUBJECT: 2018 Proposed Preliminary Budget
Attached for City Council review and consideration is the 2018 Preliminary Budget with detail by fund
for the City of Yakima. Expenditure history and projections, projected revenues and fund balance levels
are detailed by fund.
The proposed 2018 Preliminary Budget, including all funds, is balanced within available resources, which
includes both annual revenue and the accumulated reserves (fund balance). The FY 2018 expenditure
budget is $239.8 million and represents a $26.7 million, or 12.5%, increase over projected FY 2017 year-
end expenditures. Most of this increase is due to planned capital improvement projects, many of which
are multi-year projects that are continued from prior years. The 2018 expenditure budget is supported by
revenue of $232.8 million and capital fund balance reserves of $7.0 million which have been earmarked
specifically for capital projects included in this budget. At the end of 2017, citywide budget reserves are
projected to be at $67.4 million, 28.1% of the 2018 budget expenditures, compared to $73.9 million in
reserves in FY 2017.
Operating reserve balances are compared to budgeted expenditures for adequacy. Best practices indicate
that operating funds should have a balance of 16.7% (or two months) of expenditures. City policy mirrors
this level. Capital fund reserve balances are tied to capital improvement plans. Reserve balances are built
over time, and then used for major capital projects.
The proposed 2018 Preliminary Budget is prudent and responsive to the 2015 Citizen Survey that
expressed a strong need to address the City's public safety challenges, economic development needs,
deferred infrastructure backlog, and neighborhood vitality. These expressed community priorities align
with the City Council's strategic priorities and underscore the necessity to continue to stay focused and
deliver on behalf of the community's and City Council's core priorities, while continuing to rebuild
general government reserves to policy level.
Preliminary Budget Summary • 1
4
Expenditure pressures continue in the form of general overall inflationary trends as well as from the two
charter amendments that require prescribed spending of general revenues on streets and parks.
Currently the baseline preliminary General Government budget is balanced without using reserves, and
the ending fund balance is projected to be $8.5 million or 10.9% of proposed expenditures, which
represents an increase of $0.6 million over the estimated ending balance for 2017, but is still short of
policy level. The target reserve balance is 16.7% of expenditures which equates to $13.0 million for the
2018 projection. To further rebuild general government reserves toward that target, the City will
continue to carefully monitor expenditures and consider revenue alternatives. Various revenue options
have been reviewed by Council and two of those options are included in this Preliminary Budget for
further consideration.
Projected resources are budgeted for 2018 which will allow significant capital improvement investments.
This preliminary budget commits $57.1 million to capital improvements, and includes projects budgeted
in prior years and carried forward such as central plaza construction; utility system investments; arterial
street improvements; park upgrades; airport improvements; transit passenger shelters; and Cascade Mill
Site infrastructure. These improvements are to be funded primarily by grants, debt financing with
dedicated repayment sources and capital fund balance reserves set aside in prior years for such projects.
2 • Preliminary Budget Summary
5
The following charts summarize expenditures and revenues comparing the 2017 projected year-end
estimate and proposed 2018 budget by fund groupings.
2017 VS. 2018
EXPENDITURE BUDGET COMPARISON
General Fund
Parks
Streets & Traffic
General Government Total
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 - Citywide Budget
2017
Year -End
Estimate
2018
Proposed
Expenditures
17 vs. 18
Budget
% Change
$ 65,600,873 $
5,520,884
8,359,064
67,107,548
5,485,805
5,429,233
79,480,821
78,940,675
25,599,694
3,696,323
16,616,913
1,874,152
4,775,260
2,127,754
78,022,586
77,059,523
57,120,095
4,021,304
15,032,112
1,896,483
4,551,107
2,131,454
$ 213,111,592 $ 239,834,664
2017 VS. 2018
REVENUE BUDGET COMPARISON
General Fund
Parks
Streets & Traffic
General Government Total
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 - Citywide Budget
2017 2018
Year -End
Estimate
Proposed
Revenues
2.3 %
(0.6)%
(35.0)%
(1.8)%
(2.4)%
123.1 %
8.8 %
(9.5)%
1.2 %
(4.7)%
0.2 %
12.5 %
17 vs. 18
Budget
% Change
$ 65,708,815
5,309,498
8,464,058
$ 67,729,276
5,469,405
5,418,459
79,482,371
76,587,951
22,422,966
4,761,138
14,616,437
1,882,694
4,778,545
2,129,878
78,617,140
75,091,805
52,064,602
4,173,141
14,395,290
1,812,924
4,553,955
2,129,280
$ 206,661,980
$ 232,838,137
3.1 %
3.0 %
(36.0)%
(1.1)%
(2.0)%
132.2 %
(12.3)%
(1.5)%
(3.7)%
(4.7)%
%
12.7
Note: The Streets & Traffic Division contains $2.8 million in both revenue and expenditure in the 2017 year-end estimate
dedicated to a one-time project to install LED street lights throughout the City.
Preliminary Budget Summary • 3
6
General Government Fund
The Preliminary 2018 General Government fund expenditure budget, which represents most core City
services is $78.0 million. General revenue is budgeted at $78.6 million, including an option to eliminate
the cap on utility taxes currently set at $8,000. As presented, the preliminary budget will add $0.6 million
to reserves.
The 2018 year-end General Government operating reserves are projected to be $8.5 million, which is
10.9%, of 2018 expenditures. This represents an increase in operating reserves expressed as a percentage
of expenditures from the 2017 year-end estimate of 10.3%.
The following chart depicts the City's General Government reserve balances and their percent of
expenditures from 2015 and 2016, as estimated for 2017 and as projected for 2018.
RESERVE BALANCES
GENERAL GOVERNMENT FUNDS
2017
2015 2016 Year End 2018
General Government Actual Actual Estimate Projected Change
Beginning Fund Balance $ 9,412,400 $ 7,152,826 $ 7,933,127 $ 7,934,677
Revenues 70,265,428 74,051,847 76,698,525 78,617,140 2.5%
Expenditures 72,525,002 73,271,546 76,696,975 78,022,587 1.7%
Ending Fund Balance 7,152,826 7,933,127 7,934,677 8,529,230 7.5%
Reserve as a % of Expenditures
9.9% 10.8% 10.3% 10.9%
Note: 2017 Year -End Estimate is shown net of a one-time LED project revenue and expenditure of $2,783,846 for comparability
purposes.
The General Government operating reserves are currently less than the City's financial management goal
of 16.7%, although as recently as the end of 2013 those reserves were above target at 17.1% of
expenditures. A number of events occurred in 2014 and 2015 that resulted in using reserve balances to
satisfy obligations where revenue fell short of budget and expenditures grew at the same time. During
2016 and 2017 the City has emphasized its operational goal of fiscal sustainability by working to rebuild
the reserves. New revenues are being considered while continued careful scrutiny of expenditures work
together to increase reserve balances. It is anticipated that with continued fiscal prudence, reserves will
increase to meet or exceed the policy level of 16.7% over the next few years.
There are two new revenue sources that have been included in this Preliminary budget. Eliminating the
cap on external utility taxes would provide up to $550,000 in additional funding on an annual basis.
Funding the Transportation Benefit District (TBD) with an annual fee on vehicle registrations in the City
would generate $1.3 to $1.5 million annually for transportation projects. Although the TBD revenue is
outside of General Fund, with this support, certain projects could be undertaken by the Streets & Traffic
Division, which would relieve some pressure on the General Fund.
The 2018 proposed budget addresses the City's essential priorities and capital needs and will allow the
City to achieve critical community and strategic goals. In addition, as presented, this budget supports the
City's efforts to ensure continued financial stability and sustainability in future years.
4 • Preliminary Budget Summary
7
In presenting the budget to the City Council, I would like to acknowledge and express appreciation to the
City leadership team and staff for its willingness to submit realistic budget requests and develop
initiatives to meet the Council's and community's priorities. I would also like to recognize the Finance
Department for its assistance in preparing this budget and its comprehensive presentation.
Most importantly, I would like to recognize the City Council for its leadership in adopting prudent fiscal
policies and practices, and its commitment to move the City toward a brighter and more sustainable
fiscal position.
Cliff Moore
City Manager
Preliminary Budget Summary • 5
8
2018 BUDGET BY CITY FUNCTIONAL GROUPING
Expenditure History and Projection
2016
Actual
Expenditures
2017
Amended
Budget
2017
Year -End
Estimate
2018
Proposed
Expenditures
2018
vs 2017
Est
General Government
City Management
Indigent Defense
City Council
City Clerk/Records
Human Resources
Legal
Municipal Court
Planning
Code Administration
City Hall Facility
Economic Development
Police
Fire
Information Technology
Intergovernmental
Transfers
Financial Services
State Examiner
Police Pension
Utility Services
Parking
Purchasing
Engineering
Contingency
Total General Fund
Parks & Recreation
Street & Traffic Operations
Total General Government Funds
6 • Preliminary Budget Summary
$ 418,042
952,414
258,909
700,223
607,585
1,479,124
1,420,308
597,187
1,767,886
487,271
711,003
27,069,183
12,258,513
3,072,104
189,360
4,839,545
1,546,084
100,301
925,129
1,411,308
148,232
625,121
663,965
$ 399,805
965,500
252,176
582,429
724,580
1,703,161
1,496,999
669,715
1,877,343
521,591
743,507
28,119,824
13,128,867
3,478,097
155,287
5,352,664
1,625,592
117,000
964,997
1,674,646
177,640
608,463
753,162
(675,000)
$ 400,677
1,030,000
253,946
696,269
688,503
1,704,107
1,470,272
593,524
1,831,218
547,859
621,085
28,559,803
13,626,565
3,562,363
157,487
4,009,924
1,594,351
128,526
928,497
1,734,863
178,407
593,796
688,831
$ 434,550
1,050,000
262,650
675,267
763,825
1,686,272
1,585,265
629,748
1,926,299
533,319
514,138
29,529,034
13,807,552
3,523,653
160,372
3,952,540
1,651,963
130,000
927,497
1,829,146
178,783
624,773
730,903
62,248,797
5,421,860
5,600,888
65,418,045
5,583,642
7,518,427
65,600,873
5,520,884
8,359,064
67,107,549
5,485,805
5,429,233
$ 73,271,545 $
78,520,114 $
79,480,821 $ 78,022,587
8.5 %
1.9 %
3.4 %
(3.0)%
10.9 %
(1.0)%
7.8 %
6.1 %
5.2 %
(2.7)%
(17.2)%
3.4 %
1.3 %
(1.1)%
1.8 %
(1.4)%
3.6 %
1.1 %
(0.1)%
5.4 %
0.2 %
5.2 %
6.1 %
n/a
2.3 %
(0.6)%
(35.0)%
(1.8)%
9
Revenues and Fund Balances
2018
Projected
Revenue
General Fund
Parks & Recreation
Street & Traffic Operations
Total General Government Funds
$ 67,729,276
5,469,405
5,418,459
2018 Estimated
Beginning
Fund
Balance
Ending
Fund
Balance
$ 7,205,269 $
72,803
656,605
7,826,996
56,403
645,831
Increase
(Decrease)
In Fund
Balance
$ 621,727
(16,400)
(10,774)
$ 78,617,140 $ 7,934,677 $ 8,529,230 $ 594,553
Preliminary Budget Summary • 7
10
2018 BUDGET BY CITY FUNCTIONAL GROUPING
Expenditure History and Projection
2016
Actual
Expenditures
2017
Amended
Budget
2017
Year -End
Estimate
2018
Proposed
Expenditures
2018
vs 2017
Est
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 (Cony 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
8 • Preliminary Budget Summary
$ 207,132
1,189,804
560,671
254,482
1,373,260
3,505,645
358,017
198,017
80,450
8,097
1,641,685
420,497
724,692
662,836
628,855
1,108,923
2,752,882
8,234,002
6,416,963
21,129,918
9,922,482
1,881,467
5,606,206
184,160
1,199,053
$ 134,266
4,146,239
644,764
280,957
1,417,413
3,775,176
384,078
201,353
1,355
3,500
1,709,375
434,878
733,213
707,200
661,400
1,248,700
3,459,881
9,447,643
6,969,474
23,546,152
10,208,593
1,737,460
4,727,725
439,950
1,288,066
$ 101,339
4,111,372
638,185
278,424
1,425,987
3,838,360
396,692
184,853
29,220
3,500
1,699,375
443,278
733,213
707,200
661,400
1,234,845
3,475,153
9,350,506
6,986,115
23,591,186
10,269,135
1,767,461
5,577,018
164,500
1,272,359
$ 116,400 14.9 %
1,472,705 (64.2)%
634,098 (0.6)%
268,602 (3.5)%
1,411,607 (1.0)%
4,289,986 11.8 %
406,648 2.5 %
188,127 1.8 %
31,699 8.5 %
3,500
1,721,163 1.3 %
436,587 (1.5)%
733,213
707,200
661,400
1,278,178 3.5 %
3,251,193 (6.4)%
9,682,563 3.6 %
7,193,658 3.0 %
23,892,893 1.3 %
10,450,868 1.8 %
1,802,753 2.0 %
4,746,938 (14.9)%
422,950 157.1 %
1,254,593 (1.4)%
(2.4)%
0/0
0/0
0/0
0/0
$ 70,250,196 $ 78,308,811 $ 78,940,676 $ 77,059,522
11
Revenues and Fund Balances
2018 Estimated Increase
2018 Beginning Ending (Decrease)
Projected Fund Fund In Fund
Revenue Balance Balance Balance
Other Operating/Enterprise
Economic Development $ 117,016 $ 60,441 $ 61,057 $ 616
Community Development 1,481,868 1,013,102 1,022,265 9,163
Community Relations 674,990 786,392 827,284 40,892
Cemetery 264,950 53,994 50,342 (3,652)
Emergency Services 1,389,235 90,658 68,286 (22,372)
Public Safety Communications 4,241,221 65,262 16,497 (48,765)
Police Grants 346,000 771,820 711,172 (60,648)
Downtown Improvement District 200,340 8,718 20,931 12,213
Trolley (Yakima Interurban Lines) 31,704 59 64 5
Front St Business Impr Area 3,735 352 587 235
Tourist Promotion (Cony Ctr) 1,732,250 450,373 461,460 11,087
Capitol Theatre 430,720 24,438 18,571 (5,867)
PFD Revenue -Convention Center 868,710 790,008 925,505 135,497
Tourist Promotion Area 707,550 78,404 78,754 350
PFD Revenue -Capitol Theatre 660,500 191,987 191,087 (900)
Airport Operating Fund 1,271,379 61,383 54,584 (6,799)
Stormwater Operating 3,779,989 540,878 1,069,674 528,796
Transit 9,199,125 2,103,840 1,620,402 (483,438)
Refuse 7,298,235 745,180 849,757 104,577
Wastewater Operating 22,762,417 4,638,559 3,508,083 (1,130,476)
Water Operating 9,712,000 1,632,061 893,193 (738,868)
Irrigation Operating 1,803,500 902,793 903,540 747
Equipment Rental 4,630,292 1,794,472 1,677,826 (116,646)
Environmental Fund 280,000 675,099 532,149 (142,950)
Public Works Administration 1,204,079 328,697 278,183 (50,514)
Total Other Operating/Enterprise $ 75,091,805 $ 17,808,970 $ 15,841,253 $ (1,967,717)
Preliminary Budget Summary • 9
12
2018 BUDGET BY CITY FUNCTIONAL GROUPING
Expenditure History and Projection
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 FAA
Stormwater Capital
Transit Capital Reserve
Wastewater Facilities Capital Rsv
Wastewater Construction
Water Capital
Wastewater Capital
Irrigation Capital
Total Capital Improvement
Contingency/Operating Reserves
FRS/Capitol Theatre Reserve
Risk Management
Total Contingency/Operating Reserves
10 • Preliminary Budget Summary
2016
Actual
Expenditures
$ 2,597,172
709,609
164,825
951,253
3,020,576
800,298
468,792
618,569
977,372
167
255,692
1,272,262
9,517,393
107,762
2,171,211
127,357
619,275
312,384
124,087
467,294
2017
Amended
Budget
2017
Year -End
Estimate
2018
Proposed
Expenditures
2018
vs 2017
Est
$ 4,867,075
10,888,560
202,000
2,168,686
2,225,500
2,648,617
833,600
1,674,614
782,452
401,500
412,000
115,000
2,815,089
3,900,000
2,269,675
879,000
8,910,000
1,444,000
3,750,000
8,367,542
$ 2,073,000
66,455
202,000
1,868,828
2,438,639
1,108,405
824,886
526,804
782,452
95,000
412,000
461,654
2,746,787
1,520,000
2,232,730
879,000
4,676,011
1,175,160
850,000
659,883
$ 4,902,457
10,838,560
60,000
11,500,142
105,000
80,000
695,000
476,495
777,646
550,000
466,560
10,000
3,884,193
2,450,000
500,000
1,250,000
5,560,000
1,696,500
2,950,000
8,367,542
$ 25,283,350 $ 59,554,910 $ 25,599,694 $ 57,120,095
136.5 %
n/a
(70.3)%
515.4 %
(95.7)%
(92.8)%
(15.7)%
(9.5)%
(0.6)%
478.9 %
13.2 %
(97.8)%
41.4 %
61.2 %
(77.6)%
42.2 %
18.9 %
44.4 %
247.1 %
n/a
123.1 %
$ 36,641 $ - $ - $ n/a
3,352,878 3,813,381 3,696,323 4,021,304 8.8 %
$ 3,389,519 $ 3,813,381 $ 3,696,323 $ 4,021,304 8.8 %
13
Revenues and Fund Balances
2018
Projected
Revenue
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 FAA
Stormwater Capital
Transit Capital Reserve
Wastewater Facilities Capital Rsv
Wastewater Construction
Water Capital
Wastewater Capital
Irrigation Capital
Total Capital Improvement
Contingency/Operating Reserves
FRS/Capitol Theatre Reserve
Risk Management
Total Contingency/Operating Reserves
$ 4,474,885
10,821,250
60,000
13,000,000
374,000
163,000
421,516
1,070,718
986,270
705,000
455,500
4,719,343
1,060,000
1,408,000
700,000
2,900,000
1,026,560
501,500
7,217,060
$ 52,064,602
$
4,173,141
$ 4,173,141
2018 Estimated
Beginning
Fund
Balance
Ending
Fund
Balance
$ 1,300,863
713,275
8,566
1,305,674
50,761
(24,925)
367,439
2,061,998
460,137
227,710
768,992
265,132
1,563,260
4,142,600
5,338,296
2,368,527
5,279,481
4,236,139
2,961,035
2,997,634
$ 873,291
695,965
8,566
2,805,532
319,761
58,075
93,955
2,656,221
668,761
382,710
757,932
255,132
2,398,410
2,752,600
6,246,296
1,818,527
2,619,481
3,566,199
512,535
1,847,152
$ 36,392,594 $ 31,337,101
$ - $
113,550
$ 113,550 $
265,387
265,387
Increase
(Decrease)
In Fund
Balance
$ (427,572)
(17,310)
1,499,858
269,000
83,000
(273,484)
594,223
208,624
155,000
(11,060)
(10,000)
835,150
(1,390,000)
908,000
(550,000)
(2,660,000)
(669,940)
(2,448,500)
(1,150,482)
$ (5,055,493)
$
151,837
$ 151,837
Preliminary Budget Summary • 11
14
2018 BUDGET BY CITY FUNCTIONAL GROUPING
Expenditure History and Projection
2016
Actual
Expenditures
2017
Amended
Budget
2017
Year -End
Estimate
2018
Proposed
Expenditures
2018
vs 2017
Est
Employee Benefit Reserves
Unemployment Compensation
Employees Health Benefit
Workers' Compensation
Wellness/EAP Fund
Total Employee Benefit Reserves
Trust and Agency Funds
Firemen's Relief & Pension
YakCorps Agency Fund
Cemetery Trust
Total Trust and Agency Funds
Debt Service
L.I.D. Guaranty
PFD Debt Service
General Obligation Bonds
Water-Irrigation/Sewer Bonds
Total Debt Service
Total City Budget
12 • Preliminary Budget Summary
$ 157,319
11,050,950
1,424,351
57,279
$ 227,353
12,308,313
1,290,919
101,800
$ 571,812
13,908,833
2,066,268
70,000
$ 182,706
12,961,129
1,821,376
66,900
$ 12,689,899 $ 13,928,385 $ 16,616,913 $ 15,032,111
$ 1,162,654 $
12,000
1,289,452 $
655,000
12,000
(68.0)%
(6.8)%
(11.9)%
(4.4)%
(9.5)%
1,207,152 $ 1,229,483 1.8 %
655,000 655,000
12,000 12,000
0/0
0/0
$ 1,174,654 $ 1,956,452 $ 1,874,152 $ 1,896,483 1.2 %
$ 25,329
1,024,025
3,736,939
2,129,054
1,029,213
3,746,047
2,127,754
1,029,213
3,746,047
2,127,754
1,029,850
3,521,257
2,131,454
$ 6,915,347 $ 6,903,014 $ 6,903,014 $ 6,682,561
n/a
0.1 %
(6.0)%
0.2 %
(3.2)%
$ 192,974,517 $ 242,985,065 $ 213,111,591 $ 239,834,665 12.5 %
15
Revenues and Fund Balances
2018
Projected
Revenue
Employee Benefit Reserves
Unemployment Compensation
Employees Health Benefit
Workers' Compensation
Wellness/EAP Fund
Total Employee Benefit Reserves
Trust and Agency Funds
Firemen's Relief & Pension
YakCorps Agency Fund
Cemetery Trust
Total Trust and Agency Funds
Debt Service
L.I.D. Guaranty
PFD Debt Service
General Obligation Bonds
Water-Irrigation/Sewer Bonds
Total Debt Service
Total City Budget
$ 194,750
12,786,620
1,383,920
30,000
$ 14,395,290
$ 1,136,924
655,000
21,000
$ 1,812,924
$
1,029,213
3,524,743
2,129,280
$ 6,680,811
$ 232,838,137
2018 Estimated
Beginning
Fund
Balance
Ending
Fund
Balance
$ 124,384
375,199
571,111
60,820
$ 136,428
200,690
133,655
23,920
Increase
(Decrease)
In Fund
Balance
$ 12,044
(174,509)
(437,456)
(36,900)
$ 1,131,514 $ 494,693 $ (636,821)
$ 1,168,623 $ 1,076,064 $ (92,559)
664,969 673,969 9,000
$ 1,833,592 $ 1,750,033
$ $
165,605
86,002
2,021,465
164,968
89,488
2,019,291
$ (83,559)
$
(637)
3,486
(2,174)
$ 2,273,072 $ 2,271,322 $ (1,750)
$ 67,412,971 $ 60,416,443 $ (6,996,528)
Preliminary Budget Summary • 13
14 • Preliminary Budget Summary
16