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Home My WebLink About11/15/2022 08. Second public hearing on the 2023-2024 Preliminary Biennial Budget and an ordinance adopting the budget for the City of Yakima Y�'1114'+ �0� —iCt • 1.:4 BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 8. For Meeting of: November 15, 2022 ITEM TITLE: Second public hearing on the 2023-2024 Preliminary Biennial Budget and an ordinance adopting the budget for the City of Yakima SUBMITTED BY: Bob Harrison, City Manager Jennifer Ferrer-Santa Ines, Director of Finance and Budget SUMMARY EXPLANATION: This is the second public hearing prior to adoption of the 2023-2024 Preliminary Biennial Budget and provides members of the public an opportunity to provide input. An Ordinance to adopt the final 2023-2024 Biennial Budget for the City of Yakima is attached with support information. The 2023-2024 Budget appropriation is attached to the Ordinance as Schedule A. The initial 2023-2024 Biennial Budget was proposed by staff and presented at a series of public Study Sessions on October 4th, 6th and 11th. Budget Hearings were held on November 1st and 15th. The City is required by state statute to adopt a budget prior to the end of the preceding year. ITEM BUDGETED: NA STRATEGIC PRIORITY: Public Trust and Accountability APPROVED FOR SUBMITTAL BY THE CITY MANAGER RECOMMENDATION: Conduct the Public Hearing and pass the budget. ATTACHMENTS: Description Upload Date Type d Ordinance 11/7/2022 Ordinance E Memo 11/7/2022 Cover Memo 0 2023-2024 Biennial Revised Preliminary Budget 11/7/2022 Backup Material 2 3 ORDINANCE NO. 2022- AN ORDINANCE adopting the biennial budget for the City of Yakima, Washington, for the fiscal years 2023-2024; and making appropriations for estimated expenditures. WHEREAS, Article II, Section 9 of the City Charter requires the City Manager to have prepared and submitted to the City Council a tentative budget for the fiscal year, required by October 1 prior to the beginning of the City fiscal year (RCW 35.33.051, 35.33.055); and WHEREAS, the City Council passed Ordinance 2022-007 establishing a two-year fiscal biennial budget, as authorized by RCW 35A.34.040: and WHEREAS, on or before the 1st day of October, 2022, a Preliminary Budget Summary for the City of Yakima for the biennium 2023-2024 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, notice was posted and published for public hearings held on November 1, 2022 and on November 15, 2022. The City Council held its formal public hearings on the budget all in accordance with applicable laws; and WHEREAS, subsequent to its formal public hearing, the City Council had the opportunity to make 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 fiscal years 2023 and 2024 is hereby adopted in its final form and content as set forth in the budget document entitled "City of Yakima, Biennial Budget 2023 — 2024," which is attached hereto as Schedule A and incorporated by reference herein. There is hereby appropriated for expenditure during the years 2023 and 2024 the aggregate amounts listed on the attached Schedule A for each separate fund of the City. Pursuant to Article II, Section 9 of the City Charter, the City Manager shall prepare and submit to the Council a tentative budget for the fiscal year. Once the Council adopts the annual budget, the Council authorizes the City Manager to adjust appropriations within individual funds at his/her discretion. 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, 2023, upon its passage and publication as provided by law. PASSED BY THE CITY COUNCIL, signed and approved this 15th day of November, 2022. Janice Deccio, Mayor ATTEST: 4 Sonya Clear Tee, City Clerk Publication Date: Effective Date: 5 .i-o ,,,i , ,,,,,,. , .. ,,. „..4..„ �� tee}.„% It FINANCE DATE: November 15, 2022 TO: Honorable Mayor and Members of City Council FROM: Bob Harrison, City Manager Jennifer Ferrer Santa-Ines, Director of Finance & Budget Kimberly Domine, Finance Division Manager RE: 2023-2024 Biennial Revised Preliminary Budget Staff respectfully submits the 2023-2024 Biennial Revised Preliminary Budget for consideration, following publicly-noticed Study Sessions held on October 4th, 6h and 11th for public hearings on November 1st and 15°. The 2023-2024 Biennial Revised Preliminary Budget incorporates direction given by Council during the October 2022 Budget Study Sessions, as detailed on the last page of this document. The 2023-2024 Biennial Budget forecasts a balanced General Fund using $1.6 million of fund balance reserves. Staff will work closely with council in the upcoming years to discuss long-term planning towards fiscal sustainability. At the aggregate level, The City maintains a projected ending fund balance of 20% at the end of 2023 and 17%through year-end 2024. Achievements. The City Council made policy decisions, enabling Finance to finalize ordinances, reports, narratives and other documents that must all agree with each other at final adoption on November 15th. Council and staff have worked hard throughout a challenging process exploring creative options and alternatives to maintain current service levels. As discussed in the City Council's public study sessions, the budgetary goals for the biennium include the following: > Achieve a balanced budget in every fund. > Assure prioritized services citywide. > Preserve General Fund's reserve, with a goal of 25% of expenditures. > Establish sustainable funding for equipment replacement. > An updated 5-year capital budget, developed for all funds, including projects within the General Fund. Priorities. The budget process requires us to evaluate the city's priorities, between immediate services and infrastructure, across many funds, being mindful of long-term fiscal sustainability. The Yakima Council Strategic Priorities were re-affirmed from last year as follows: 1. Public Safety 2. Fiscal sustainability 3. Housing 4. Strengthening Partnership 5. Investment in infrastructure 6 FINANCE Process input. Staff participates year-round providing service delivery and managing the budget through unforeseen surprises. The budget for the biennium is largely based on what we know today. City Council exercises governance year-round and makes policy decisions. Citizens had the opportunity to provide study session input and will have additional opportunities at this hearing and the hearing on November 15'h. Property Tax, Sales Tax and Utility & Franchise Tax are the largest sources of revenue for the General Fund, the most material forecasting assumptions. The following table summarizes the proposed budget across all funds. Some Enterprise and Construction Funds are budgeting to spend expenditures over current-year revenues for current and previous year projects, some of which comes from prior-year project approvals or savings in those funds. 2023 RESERVE BALANCE SUMMARY Estimated 2023 2023 Increase in Budgeted % of 2023 Beg Projected Proposed (Dec in) 2023 Ending Prop Fund Balance Revenue Expenditure Reserves Balance Exp General Fund $16,250,835 $71,773,445 $73,349,628 $(1,576,183) $14,674,652 20.0 Parks and Recreation 488,660 6,162,752 6,233,727 (70,975) 417,685 6.7 Street&Traffic Operations 1,318,167 6,415,663 6,517,426 (101,763) 1,216,404 18.7% General Government Subtotal 18,057,662 84,351,860 86,100,781 (1,748,921) 16,308,741 18.9 Other Governmental Operating 20,366,497 16,063,629 20,982,018 (4,918,389) 15,448,108 73.6 Government Capital Funds 15,069,748 18,435,284 23,098,236 (4,662,952) 10,406,796 45.1% Enterprise Operating Funds 30,065,202 65,952,528 66,503,931 (551,403) 29,513,799 44.4 Enterprise Capital Funds 21,685,860 26,808,444 30,676,588 (3,868,144) 17,817,716 58.1% Internal Service Funds 3,233,360 10,307,381 11,930,152 (1,622,771) 1,610,589 13.5 Employee Benefit Reserve 5,835,063 17,909,046 17,272,153 636,893 6,471,956 37.5 Risk Management Reserves 4,985,438 5,438,458 6,418,704 (980,246) 4,005,192 62.4% Debt Service&Agency Funds 3,609,717 6,837,743 6,837,234 509 3,610,226 52.8% Total $122,908,547 $252,104,373 $269,819,797 $(17,715,424) $105,193,123 39.0 2024 RESERVE BALANCE SUMMARY Estimated 2024 2024 Increase in Budgeted % of 2024 Beg Projected Proposed (Dec in) 2024 Ending Prop Fund Balance Revenue Expenditure Reserves Balance Exp General Fund 8 $14,674,652 $73,500,799 $75,106,942 $(1,606,143) $13,068,509 17.4 Parks and Recreation 417,685 6,691,386 6,362,168 329,218 746,903 11.7 Street&Traffic Operations 1,216,404 6,435,518 6,642,466 (206,948) 1,009,456 15.2 General Government Subtotal 16,308,741 86,627,703 88,111,576 (1,483,873) 14,824,868 16.8 Other Governmental Operating 15,448,108 16,236,849 19,253,194 (3,016,345) 12,431,763 64.6 Government Capital Funds 10,406,796 19,358,327 21,450,951 (2,092,624) 8,314,172 38.8 Enterprise Operating Funds 29,513,799 66,227,943 68,644,017 (2,416,074) 27,097,725 39.5 Enterprise Capital Funds 17,817,716 16,715,026 12,080,147 4,634,879 22,452,595 185.9 Internal Service Funds 1,610,589 10,107,344 11,148,566 (1,041,222) 569,367 5.1% Employee Benefit Reserve 6,471,956 18,610,432 17,614,254 996,178 7,468,134 42.4 Risk Management Reserves 4,005,192 5,764,765 7,299,121 (1,534,356) 2,470,836 33.9 Debt Service&Agency Funds 3,610,226 5,621,050 5,620,751 299 3,610,525 64.2% Total $105,193,123 $245,269,439 $251,222,577 $(5,953,1381 $99,239,985 39.5 7 4.0....v...1'...-A....,t, :.!.... 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'F.'- •• ,t••• ',0•-• ••,' ',..',.. ,.--.1', -_ •,•''. _ ..- - N .. .-....:•,-,,7.• ,,"-. r-:... ,---- ... .,:. ,,..... , - •.•-• .-..,, ,...-- .•,,,,,..,-._ ....• ... -.,•,- . 8 9 INTRODUCTION This 2023-2024 Revised Preliminary Budget,for City Council's final consideration,incorporates all the major elements of the first document,as well as the Schedule A,Summary of Appropriation,as required to adopt the budget. Hearings were scheduled October 4th,6th and 11th,with final adoption expected November 15th. There were no required revisions made by Council to the original budget amounts,however,the 2022 Year End Estimates have been updated. Council and staff have worked hard throughout this challenging process,exploring creative options and alternatives,to maintain current service levels. Any changes made to this budget,once approved,will require a budget amendment,with approval from the City Council. Those who participated in this budget include staff,whose input for each budget year is critical and who participate year-round providing service delivery and management within budget,even as unforeseen surprises occur. Also included is City Council,who exercise governance year-round and make policy final decisions and citizens,who have the opportunity to speak at study sessions and also at the annual budget hearings. The 2023-2024 budget is largely based on what is known about this year's difficulties. The budget process requires the annual evaluation of the city's priorities,between immediate services and infrastructure,across many funds, while being mindful of long-term fiscal sustainability. The goals of the 2023-2024 Budget are: 1. Achieve a balanced budget in every fund. 2. Assure prioritized services citywide. 3. Preserve General Fund's reserve,with a goal of 25%of expenditures. 4. Establish sustainable funding for equipment replacement. 5. An updated 5-year capital budget,developed for all funds,including projects within the General Fund. Budget Process Department directors and managers begin a continuous review of ongoing current year budget-to-actual expense management,formulate year-end estimates and project proposed budget figures based on known circumstances that pertain to each program under their management. The City relies on budgetary controls,with multiple levels of review,in large part,as part of the overall systems of checks and balances to manage service delivery and monitor that the underlying funding is being received as budgeted. Finance staff meet with managers quarterly and inform both the public and city council through quarterly financial reports in regularly scheduled public meetings. 2023-2024 Budget Challenges Inflation has soared,hitting a 40-year high in recent months. This increases operating costs at every level of government—including construction and building costs,fuel,employee wages,borrowing costs and long-term pension liabilities. Inflation must be considered when budgeting,especially with the high rates in the last year. While not budgeting some projects in the current years seems like a good plan,it is not if the cost of not spending will rise exponentially down the road,and with the current rates,it is extremely difficult to prepare reliable cost estimates for City projects. State law requires cities to have a balanced budget each year-expenses cannot exceed available resources (revenues plus unspent reserves). The 2023-2024 Preliminary Budget is designed to aid the City of Yakima citizens understand the revenue and expenditure forecast and its impact on the City's financial reserves. An enhanced Capital Budget document has been added to the budget to provide a long-range view of infrastructure and capital expenditures. The primary purpose of this document is to provide context for present and future budget decisions and to understand the long-term financial impacts. Specifically,the 2023-2024 Preliminary Budget needs to be sensitive to: • Maintaining General Fund reserves. The estimated 2023 year-end balance is$14,674,652(20.0%)and the estimated 2024 year-end balance is$13,068,509(17.4%). City of Yakima 12023 Proposed Budget-I 10 • Implementing a scheduled Capital expenditures plan and increasingly implementing pay-as-we-go to reduce avoidable financing costs. • Fitting debt service in to existing revenue streams and service levels. • Expenses in 2023 and 2024 mirror 2022's,plus obligations,such as contracts and approve staffing changes and modifications. • Factoring in new known realities and positioning for contingencies. Recovery from COVID-19 continues to be an on-going event hindering revenue and expenditure forecasting and the ability to deliver city services which would be affected by revenue downturn. City Council has made the General Fund's fund balance a top strategic priority. Recognizing the inter-relationships across all funds,the following chart summarizes how the preliminary 2023 and 2024 projected budget currently predicts resulting fund balances by category,pending further decision-making. In this table,the negative numbers generally represent use of fund balance,or,in the case of Capital and Construction funds,the timing of balances carried forward from the prior year. 2023 RESERVE BALANCE SUMMARY Estimated 2023 2023 Increase in Budgeted %of 2023 Beg Projected Proposed (Dec in) 2023 Ending Prop Fund Balance Revenues Expenditures Reserves Balance Exp General Fund $ 16,250,835 $ 71,773,445 $ 73,349,628 $ (1,576,183) $ 14,674,652 20.0 Parks and Recreation 488,660 6,162,752 6233,727 (70,975) 417,685 6.7 Street&Traffic Operations 1,318,167 6,415,663 6517,426 (101,763) 1,216,404 18.7 General Government Subtotal 18,057,662 84,351,860 86,100,781 (1,748,921) 16,308,741 18.9 Other Governmental Operating Funds 20,366,497 16,063,629 20,982,018 (4,918,389) 15,448,108 73.6 Government Capital Funds 15,069,748 18,435,284 23,098236 (4,662,952) 10,406,796 45.1 Enterprise Operating Funds 30,065,202 65,952,528 66503,931 (551,403) 29,513,799 44.4 Enterprise Capital Funds 21,685,860 26,808,444 30,676,588 (3,868,144) 17,817,716 58.1 Internal Service Funds 3233,360 10,307,381 11,930,152 (1,622,771) 1,610,589 13.5 Employee Benefit Reserve 5,835,063 17,909,046 17,272,153 636,893 6,471,956 37.5 Risk Management Reserves 4,985,438 5,438,458 6,418,704 (980,246) 4,005,192 62.4 Debt Service&Agency Funds 3,609,717 6,837,743 6,837234 509 3,610,226 52.8 Total $ 122,908,547 $ 252,104,373 $ 269,819,797 $ (17,715,424) $ 105,193,123 39.0% 2024 RESERVE BALANCE SUMMARY Estimated 2024 2024 Increase in Budgeted %of 2024 Beg Projected Proposed (Dec in) 2024 Ending Prop Fund Balance Revenues Expenditures Reserves Balance Exp General Fund 8 $ 14,674,652 $ 73,500,799 $ 75,106,942 $ (1,606,143) $ 13,068,509 17.4% Parks and Recreation 417,685 6,691,386 6,362,168 329,218 746,903 11.7 Street&Traffic Operations 1,216,404 6,435,518 6,642,466 (206,948) 1,009,456 15.2 General Government Subtotal 16,308,741 86,627,703 88,111,576 (1,483,873) 14,824,868 16.8 Other Governmental Operating Funds 15,448,108 16236,849 19253,194 (3,016,345) 12,431,763 64.6 Government Capital Funds 10,406,796 19,358,327 21,450,951 (2,092,624) 8,314,172 38.8 Enterprise Operating Funds 29513,799 66,227,943 68,644,017 (2,416,074) 27,097,725 39.5 Enterprise Capital Funds 17,817,716 16,715,026 12,080,147 4,634,879 22,452,595 185.9 Internal Service Funds 1,610,589 10,107,344 11,148,566 (1,041,222) 569,367 5.1 Employee Benefit Reserve 6,471,956 18,610,432 17,614,254 996,178 7,468,134 42.4 Risk Management Reserves 4,005,192 5,764,765 7299,121 (1,534,356) 2,470,836 33.9 Debt Service&Agency Funds 3,610,226 5,621,050 5,620,751 299 3,610,525 64.2 Total $ 105,193,123 $ 245,269,439 $ 251,222,577 $ (5,953,138) $ 99,239,985 39.5 2-City of Yakima 12023 Proposed Budget 11 As of October 2022 and with the review of the 2023-2024 Preliminary Budget,City Council has approved reserves of at least 16.7%of total expenditures,which represent two months of annual spending. Enterprise Funds reserve target is 25%of total annual operating expenditures. Looking Forward • Police and Fire vehicle replacement funding was addressed last year with ARPA funding,but a long term solution to ensure funding availability for future replacement has not yet been identified. Police vehicles require a contribution of approximately$1,000,000 each year to perpetually replace all police patrol and detective vehicles,$800,000 for the Fire Department to perpetually replace all fire vehicles. • Consider other revenue options like Business&Occupation(B&O)tax,admission tax and other sources to help mitigate the projected negative fund balance in 2025. (See General Fund Financial Health/Fund Balance section). • Long-term Capital Expenditure planning is a key component of balanced budgeting;current-year operational needs compete for resources with infrastructure repair and maintenance. Twenty Capital funds are included in this year's budget,providing balanced long-term decision-making. Budgeting continued capital expenditures for the Mill Site is an example of this challenge. • The creation of a City-wide fee schedule tied to the Consumer Price Index(CPI)in order to better coordinate city-wide fee increases. City of Yakima 12023 Proposed Budget-3 12 GENERAL FUND FORECAST (With Transfers) 2021 2022 2023 2024 2025 2026 2027 Actual YE Estimate Budget Budget Projected Projected Projected Beginning Balance $ 13,295,597 $ 15,273,951 $ 16,250,835 $ 14,674,652 $ 13,068,509 $ 9,415,542 $ 3,547,016 Revenues 1 Sales Tax 27,149,846 27,934,507 29,454,000 31,005,950 32,246,188 33,536,036 34,877,477 Utility&Franchise Taxes 19,070,610 19,788,650 20,334,354 20,554,893 20,965,991 21,385,311 21,813,017 Property Tax 8,967,221 9,335,615 9,229,468 8,990,443 9,170,252 9,353,657 9,540,730 Charges for Services 3,470,078 2,958,688 3,105,310 3,172,501 3,235,951 3,300,670 3,366,683 Intergovernmental Revenues 3,697,113 4,754,527 3,499,577 3,549,875 3,620,873 3,693,290 3,767,156 Other Taxes&Assessments 1,273,990 1,111,999 1,112,400 1,126,389 1,148,917 1,171,895 1,195,333 Licenses&Permits 1,711,245 1,903,206 1,908,700 1,927,700 1,966,254 2,005,579 2,045,691 Fines&Forf,Transfers,Misc 448,730 3,170,137 3,129,636 3,173,048 3,236,509 3,301,239 3,367,264 Total Revenues 65,788,833 70,957,329 71,773,445 73,500,799 75,590,935 77,747,677 79,973,351 Expenditures Salaries&Wages 2 37,804,313 37,799,107 42,530,162 43,922,083 46,557,408 49,350,852 52,311,903 Personnel Benefits 2 13,070,709 14,181,354 14,664,269 15,053,109 15,956,296 16,913,674 17,928,494 Supplies-Cons&Resale 3 1,630,847 2,958,018 2,079,730 2,089,699 2,173,287 2,260,218 2,350,627 Services&Payments 8,747,125 12,377,509 11,575,415 11,550,942 12,012,980 12,493,499 12,993,239 Capital Outlays 4 261,107 422,514 100,000 100,000 105,000 110,250 115,763 Debt Service 5 206,540 206,390 206,233 166,852 170,189 173,593 177,065 Transfers5 2,089,838 2,035,553 2,193,819 2,224,257 2,268,742 2,314,117 2,360,399 Total Expenditures 63,810,479 69,980,445 73,349,628 75,106,942 79,243,902 83,616,203 88,237,490 Est End Fund Balance $ 15,273,951 $ 16,250,835 $ 14,674,652 $ 13,068,509 $ 9,415,542 $ 3,547,016 $ (4,717,123) Policy Rsv Amt-16.7% $ 10,656,350 $ 11,686,734 $ 12,249,388 $ 12,542,859 $ 13,233,732 $ 13,963,906 $ 14,735,661 Net Fund Balance $ 4,617,601 $ 4,564,101 $ 2,425,264 $ 525,650 $ (3,818,190) $ (10,416,890) $ (19,452,784) FUND BALANCE VS.POLICY RESERVE AMOUNT $20,000,000 $15,000,000 a $10,000,000 $ _ _`~� $5,000,000 ($5,000,000) ($10,000,000) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Actual Actual Actual Actual Actual Actual YE Est Budget Budget Projected Projected Projected f Ending Fund Balance f Policy Rsv Amt-16.7% The General Fund forecast,with transfers, begins to show a deficit after meeting ending fund balance requirements and reserve policy at the end of 2025. This is attributable to operational costs growing at a higher percent than revenue growth,in part due to that lack of a levy lid lift-property tax growth of 1%plus new construction is not sufficient to maintain existing services. It has become more critical than ever to review alternative revenue sources and monitor expenditures closely in order to maintain a balance budget. 1 Revenue projections provide for a conservative growth of 2%,in all revenues except for Sales Tax,which is shown at 4%for all years except for 2023-2024,where it is showing 6%. 2 Salaries and benefits are projected at 6%growth to provide for labor contract agreements and minimum wage increases. 3 Supplies and Services and Payments have a growth factor of 4%. 4 Capital Outlays,projected at 5%growth,provides for a systematic methodology to replace and repair City buildings,vehicles and other equipment in a timely manner. Funds budgeted for the previous year and not spent are brought forward to the next year. 5 Debt Service and Transfers out to other funds are projected at 2%growth. 4-City of Yakima 12023 Proposed Budget 13 CITYWIDE FORECAST 2021 2022 2023 2024 2025 2026 2027 Actual YE Estimate Budget Budget Projected Projected Projected Beginning Balance $ 123,399,331 $ 133,145,200 $ 122,908,547 $ 105,193,123 $ 99,239,985 $ 86,227,613 $ 65,653,280 Revenues 6 Sales Tax 37,721,932 38,181,507 40,347,000 42,016,136 43,696,781 45,444,652 47,262,438 Utility&Franchise Taxes 20,185,211 21,353,448 21,944,962 22,185,608 22,629,320 23,081,906 23,543,544 Property Tax 21,723,187 22228,251 22,863,709 23,285,527 23,751,238 24226263 24,710,788 Charges for Services 57,238,414 59,103,732 60,137,914 61,520,238 62,750,643 64,005,656 65,285,769 Intergovernmental Revenues 40,743,387 66,978,760 38,780,698 22,144,126 22,587,009 23,038,749 23,499,524 Other Taxes&Assessments 7,250,080 7,148,999 7,463,400 7,477,389 7,626,937 7,779,476 7,935,066 Licenses&Permits 3,073,151 3,384,391 3,389,585 3,408,585 3,476,757 3,546,292 3,617,218 Fines&Forf,Transfers,Misc 55,117,731 68,719,858 57,177,105 63,231,830 63,864,148 64,502,789 65,147,817 Total Revenues 243,053,093 287,098,946 252,104,373 245,269,439 250,382,833 255,625,783 261,002,164 Expenditures Salaries&Wages 7 61,175,233 64,979,254 71,125,687 73,586,964 78,002,182 82,682,313 87,643,252 Personnel Benefits 7 36,896,845 40,066,773 41,038,408 42,200,089 44,732,094 47,416,020 50,260,981 Supplies-Cons&Resale 8 7,120,799 10,888,058 9,634,115 9,913,410 10,309,946 10,722,344 11,151,238 Services&Payments 8 56,400,951 76,054,951 64,060,900 64,554,691 67,136,879 69,822,354 72,615,248 Custodial Outlays 9 4,911,591 Capital Outlays 10 43,091,731 69,121,912 57,021,733 34,244,400 35,956,620 37,754,451 39,642,174 Debt Service 9,737,853 9,127,865 9,128254 7,597,435 7,749,384 7,904,372 8,062,459 Transfers 12 13,972,221 27,096,786 17,810,700 19,125,588 19,508,100 19,898,262 20,296,227 Total Expenditures 233,307,224 297,335,599 269,819,797 251,222,577 263,395,205 276,200,116 289,671,579 Est End Fund Balance $ 133,145,200 $ 122,908,547 $ 105,193,123 $ 99,239,985 $ 86,227,613 $ 65,653,280 $ 36,983,865 Policy Rsv Amt-16.7% $ 38,962,306 $ 49,655,045 $ 45,059,906 $ 41,954,170 $ 43,986,999 $ 46,125,419 $ 48,375,154 Net Fund Balance $ 94,182,894 $ 73,253,502 $ 60,133,217 $ 57,285,815 $ 42,240,614 $ 19,527,861 $ (11,391,289) 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 YE Est Budget Budget Projected Projected Projected f Ending Fund Balance f Policy Rsv Amt-16.7% The Citywide Forecast is basically showing the total loss of any fund balance by the end of 2027. This is mainly attributable to operational costs growing at a higher rate than revenue growth,along with capital funding in the form of future grants that have not yet been applied for or authorized at this time. 6 Revenue projections provide for a conservative growth of 2%,in all revenues except for Sales Tax,which is shown at 4%for all years except for 2023-2024,where it is showing 6%. 7 Salaries and benefits are projected at 6%growth to provide for labor contract agreements and minimum wage increases. 8 Supplies and Services&Payments have a growth factor of 4%. 9 Custodial Outlays are not budgeted as they typically involve the collection of receipts and the remittance of the fiduciary resources to individuals,private organizations or other governments. 10 Capital Outlays,projected at 5%growth,provides for a systematic methodology to replace and repair City buildings,vehicles and other equipment in a timely manner. Funds budgeted for the previous year and not spent are brought forward to the next year. 11 Debt Service is projected at 2%growth from 2024-2026. 12 Transfers-out to other funds are projected at 2%. City of Yakima 12023 Proposed Budget-5 14 The following two charts compare the 2022 projected year-end estimate and preliminary proposed 2023 and 2024 budget by fund groupings. The first chart showing expenditures and the second chart showing revenues. EXPENDITURE BUDGET COMPARISON 2022 2023 2022 vs.2023 2024 2023 vs.2024 Year-End Proposed Budget Proposed Budget Estimate Expenditures %Change Expenditures %Change General Fund $ 69,980,445 $ 73,349,628 4.8% $ 75,106,942 2.4% Parks 6,267,061 6,233,727 (0.5)% 6,362,168 2.1% Streets&Traffic 6,356,755 6517,426 2.5% 6,642,466 1.9% General Government Total 82,604,261 86,100,781 4.2% 88,111,576 2.3% Utilities/Other Operating 119,179,715 99,416,101 (16.6)% 99,045,777 (0.4)% Capital Improvement 65,696,687 53,774,824 (18.1)% 33,531,098 (37.6)% Risk Management Reserves 5,624,265 6,418,704 14.1% 7,299,121 13.7% Employee Benefit Reserves 17,130,156 17,272,153 0.8% 17,614,254 2.0% Trust and Agency Funds 664,267 590,552 (11.1)% 607,909 2.9% Debt Service 6,436,248 6246,682 (2.9)% 5,012,842 (19.8)% Total-Citywide Budget $ 297,335,599 $ 269,819,797 (9.3)% $ 251,222,577 (6.9)% REVENUE BUDGET COMPARISON 2022 2023 2022 vs.2023 2024 2023 vs.2024 Year-End Proposed Budget Proposed Budget Estimate Revenues %Change Revenues %Change General Fund $ 70,957,329 $ 71,773,445 1.2% $ 73,500,799 2.4% Parks 5,658,332 6,162,752 8.9% 6,691,386 8.6% Streets&Traffic 6,424,334 6,415,663 (0.1)% 6,435,518 0.3% General Government Total 83,039,995 84,351,860 1.6% 86,627,703 2.7% Utilities/Other Operating 122,262,090 92,323,538 (24.5)% 92,572,136 0.3% Capital Improvement 51,212,737 45243,728 (11.7)% 36,073,353 (20.3)% Risk Management Reserves 5,757,692 5,438,458 (5.5)% 5,764,765 6.0% Employee Benefit Reserves 17,725,182 17,909,046 1.0% 18,610,432 3.9% Trust and Agency Funds 664,267 590,552 (11.1)% 607,909 2.9% Debt Service 6,436,983 6247,191 (2.9)% 5,013,141 (19.8)% Total-Citywide Budget $ 287,098,946 $ 252,104,373 (12.2)% $ 245269,439 (2.7)% 6-City of Yakima 12023 Proposed Budget 15 SUMMARY OF APPROPRIATIONS City of Yakima Biennial Budget 2023-2024 Schedule A SUMMARY OF APPROPRIATIONS BY FUND Estimated Estimated Beginning 2023 2023 2024 2024 Ending Inc in Fund Budgeted Budgeted Budgeted Budgeted Fund (Dec in) Fund/Description Balance Revenue Expenditure Revenue Expenditure Balance Reserves General Fund $ 13,110,826 $ 67,596,060 $ 68,809,444 $ 69,451,712 $ 70,441,355 $ 10,907,799 $ (2,203,027) General Fund-Criminal Justice 1,439,248 3,254,000 3,573,345 3,322,000 3,692,413 749,490 (689,758) General Fund-Fire Relief&Pension 1,700,762 923,386 966,840 727,088 973,176 1,411220 (289,542) Economic Development 606,936 - - - - 606,936 - Neighborhood Development 3,013,250 1,760,775 1,775,249 1,693,253 1,760,176 2,931,853 (81,397) Community Relations 705,059 631,570 758,990 636,126 782,669 431,096 (273,963) Parks&Recreation 488,660 6,162,752 6,233,727 6,691,386 6,362,168 746,903 258,243 Clean City Fund 164,821 834,705 747,975 848,423 771,314 328,660 163,839 Streets&Traffic 1,318,166 6,415,663 6,517,426 6,435,518 6,642,466 1,009,455 (308,711) Arterial Street Capital Cemetery 153,938 362,500 369,746 380,000 384,437 142,255 (11,683) Emergency Services 172,719 1,777,086 1,741,142 1,777,086 1,929,620 56,129 (116,590) Public Safety Communications 133,488 2,500,307 2,577,078 2,560,314 2,567,941 49,090 (84,398) Police Grants 847,433 180,000 226,052 180,000 229,534 751,847 (95,586) Public Safety Comm-Crim Just 0.3% 432,422 215,000 336,434 215,000 348,076 177,912 (254,510) Public Safety Comm- Dispatch 302,330 1,714,959 1,768,581 1,716,985 1,835,936 129,757 (172,573) Downtown Yakima Bus Impr Dist 82,141 185,750 183,862 185,750 183,943 85,836 3,695 Trolley 42,493 11,275 10,042 11,275 10,080 44,921 2,428 Front Street Business Improvement 7,238 3,700 3,700 3,700 3,700 7,238 - Convention&Event Center 481,371 2,128,500 1,986,398 2,232,500 2,027,342 828,631 347,260 Capitol Theatre 104,224 455,244 447,319 461,764 459,280 114,633 10,409 PFD Rev-Cony&Event Center 1,117,937 1,115,600 1,516,096 1,122,943 1,516,101 324283 (793,654) Tourist Promotion Area 85,812 1,350,400 1,353,522 1,350,400 1,353,733 79,357 (6,455) PFD Rev-Capitol Theatre 575,950 836,258 683,384 861,331 683,389 906,766 330,816 ARPA Fiscal Recovery Fund 11,336,935 - 4,496,449 - 2,405,923 4,434,563 (6,902,372) PFD Debt Service 183,982 1,404,577 1,404,068 1,404,577 1,404,278 184,790 808 Misc LTGO Bonds 17,596 3,018,414 3,018,414 2,949,914 2,949,914 17,596 - Law&Justice Capital 0.3% 497,193 120,000 120,000 120,000 120,000 497,193 - CBD Capital Improvement 55,022 - - - - 55,022 - Capitol Theatre Capital 47,693 60,000 60,000 60,000 60,000 47,693 - Yakima Revenue Development Area 1,098,969 1,500,000 1,362,027 7,500,000 6,449,324 2287,618 1,188,649 Parks&Recreation Capital 197,434 151,212 159,449 100,000 70,016 219,181 21,747 Fire Capital 414,050 163,000 82,162 163,000 82,291 575,597 161,547 Law&Justice Capital 379,326 274,227 3,051 278,032 3,234 925,300 545,974 REET 1 3,884,622 1,684,448 3,776,636 1,684,448 3,260,787 216,095 (3,668,527) REET 2 900,743 1,600,000 1,879,395 1,600,000 1,878,830 342,518 (558,225) City of Yakima 12023 Proposed Budget-7 16 Estimated Estimated Beginning 2023 2023 2024 2024 Ending Inc in Fund Budgeted Budgeted Budgeted Budgeted Fund (Dec in) Fund/Description Balance Revenue Expenditure Revenue Expenditure Balance Reserves Transportation Benefit District 3,643,599 1,786,000 4,745,037 1,786,000 1,870,171 600,391 (3,043,208) Street Overlay&Reconstruction 2,187,405 10,303,897 9,862,559 5,241,847 6,464,002 1,406,588 (780,817) Cony&Event Center Cap Impr 1,438,075 792,500 942,920 825,000 1,107,295 1,005,360 (432,715) Capital Impr-Cumulative Reserve 325,616 - 105,000 - 85,000 135,616 (190,000) Airport Operating 668,033 1,934,333 1,963,443 1,551,615 1,881,802 308,736 (359,297) Airport FAA 603,503 4,105,060 4,058,534 145,000 14,346 780,683 177,180 Stormwater Operating 948,603 4,126,410 3,830,963 4,064,410 4,009,834 1,298,626 350,023 Stormwater Capital 4,006,034 859,802 4,020,554 955,117 921,187 879212 (3,126,822) Transit Operating 10,883,277 10,653,832 10,700,373 10,448,836 10,448,936 10,836,636 (46,641) Transit Capital 3,414,961 1,766,976 511,625 1,177,675 100,000 5,747,987 2,333,026 Refuse 3,662,520 9,251,365 9,310,587 9,701,656 9,621,351 3,683,603 21,083 Wastewater Capital-Facilities 5,160,352 1,000,000 4,583,617 1,000,000 903,834 1,672,901 (3,487,451) Wastewater Operating 9,032,758 24,388,283 25,180,729 24,388,793 26,629,488 5,999,617 (3,033,141) Water Operating 3,625,263 13,495,704 13,110,368 13,905,033 13,574,148 4,341,484 716,221 Irrigation Operating 1,244,749 2,102,600 2,407,467 2,167,600 2,478,457 629,025 (615,724) Wastewater Capital-Construction 2,625,254 3,209,803 4,020,815 2,205,116 1,772,664 2,246,694 (378,560) Water Capital 124,010 2,909,802 2,701,260 3,205,116 628,561 2,909,107 2,785,097 Wastewater Capital-Projects 4,932,461 1,000,000 5,067,750 4,000,000 1,182,035 3,682,676 (1249,785) Irrigation Capital 819,284 11,957,000 5,712,433 4,027,000 6,557,520 4,533,331 3,714,047 2008 Wastewater Bond 13,272 382,800 382,800 387,900 387,900 13,272 - 2004Irrigation Bond 28,364 276,600 276,600 270,750 270,750 28,364 - 2012 Wastewater Bond 1,606,315 1,164,800 1,164,800 - - 1,606,315 - Unemployment Compensation 426,110 247,995 234,542 259,124 214,656 484,031 57,921 Employee Health Benefit Reserve 5,039,755 15,562,635 14,728,925 16250,411 15,055,588 7,068288 2,028,533 Workers'Compensation Reserve 198,537 2,023,416 2,241,785 2,025,897 2,277,110 (271,045) (469,582) Risk Management Reserve 4,985,438 5,438,458 6,418,704 5,764,765 7,299,121 2,470,836 (2,514,602) Wellness/Employee Asst Program 170,661 75,000 66,900 75,000 66,900 186,861 16,200 Equipment Rental/Reserves(552) 2,301,594 6,027,314 7,136,297 6,058,880 7,090,225 161266 (2,140,328) Environmental 284,611 422,100 491,617 90,000 122,714 182,380 (102,231) Public Works Administration 498,234 1,433,450 1,877,720 1,462,119 1,439,282 76,801 (421,433) Utility Services 148,921 2,424,517 2,424,517 2,496,345 2,496,345 148,921 - YakCorps 868,688 578,553 578,552 595,909 595,909 868,689 1 Custodial Fund 170,017 - - 170,017 - Cemetery Trust 721,484 12,000 12,000 12,000 12,000 721,484 - $122,908,547 $252,104,373 $269,819,796 $245,269,439 $251,222,577 $ 99,239,986 $(23,668,561) 8-City of Yakima 1 2023 Proposed Budget 17 2023 - 2024 REVISED BUDGET BY CITY FUNCTIONAL GROUPING „,,v,‘ ...--- ,,,,,,„ ------!0:..!..1 l'i* 14...--. ...+°P..,,, 14":1 . .*..7.:4,‘ 5'AC.:0‘... J... I ,o -. .. : , .. . * - , . - ,/1' cb I- 1,1�C0pPOR AT EO•��..� REVISED PRELIMINARY BUDGET BY FUNCTIONAL GROUPING Department directors and managers take part in continuous review of 2022 (current-year) budget-to-actual expense management, 2022 year-end estimates and 2023 & 2024 proposed budget figures. The City relies on budgetary controls, with multiple levels of review, as part of the overall system of checks and balances to manage service delivery and to monitor that the underlying funding is being received as budgeted. All figures in the following pages, as in most of the preceding pages tables and graphs, are directly imported from the City's automated accounting system. Due to rounding, some totals in these charts may not correspond exactly with the sums in previous charts within this document. City of Yakima/2023 Proposed Budget-9 18 2023-2024 BUDGET BY CITY FUNCTIONAL GROUPING 2021 2022 Estimated Year End Year End Actual Actual Beg Fund Estimate Estimate Revenues Expenditures Balance Revenues Expenditures General Government General Fund $ 65,788,833 $ 63,810,479 $ 15273,951 $ 70,957,329 $ 69,980,445 Parks&Recreation 5,344,701 5,307,755 1,097,390 5,658,332 6267,061 Street&Traffic Operations 5,238,558 4,903,394 1,250,587 6,424,334 6,356,755 Total General Government Funds 76,372,092 274,021,628 17,621,928 83,039,995 82,604261 Other Governmental Operating Funds Economic Development 553,922 - 606,936 - - Neighborhood Development 2,754,403 2,779,751 427,756 5,242,873 2,657,379 Community Relations 698,772 709,479 870,766 626,069 791,776 Clean City Fund 367,304 348,492 18,813 797,635 651,627 Cemetery 372273 333,122 172,379 364,617 383,058 Emergency Services 1,586,807 1,540,441 145,497 1,620,404 1,593,182 Public Safety Comm/CJ 0.3%(151/153) 2,648,285 2,408,431 821,616 2,577,047 2,832,754 Public Safety Communications Dispatch 2,076,196 1,875,800 529,481 1,820,833 2,047,984 Police Grants 444,153 543,929 936,847 806,618 896,032 Downtown Yakima Bus Impr Dist(DYBID) 171,174 166,292 80,691 185,750 184,300 Trolley 9,998 17,256 41,242 11,275 10,024 Front Street Business Improvement 2,960 - 7238 3,700 3,700 Convention&Event Center 1,488,658 1,110,495 607,144 1,841,875 1,967,648 Capitol Theatre 501,756 472,212 83,416 457,847 437,038 PFD Revenue-Convention&Event Center 1,183,957 1,164,447 1248,458 1,110,600 1241,121 Tourist Promotion Area 626,653 588,839 91,785 1,175,400 1,181,373 PFD Revenue-Capitol Theatre 890,437 670,761 422,833 836,508 683,391 ARPA Fiscal Recovery Fund 3,802,091 3,734,391 67,700 22,461,088 11,191,853 Total Other Governmental Operating Funds 20,179,799 18,464,138 7,180,598 41,940,139 28,754240 Government Capital Funds Arterial Street Capital 4,010,641 3,853,295 - - - CBD Capital Improvement 5,657 23,221 55,012 10 - Capitol Theatre Capital 63,400 49,535 273,635 305,000 530,942 Yakima Revenue Development Area 10,945,484 11,661,382 20,664 2,600,000 1,521,695 Parks&Recreation Capital 43,800 121,554 313,601 1,766,163 1,882,330 Fire Capital 168,815 95,625 455,050 138,000 179,000 Law&Justice Capital/CJ 0.3%(303/333) 558,281 211,979 1,371,642 374,444 869567 REET 1 Public Works Trust Construction 1,873,973 1,058,172 4,360,786 1,698,293 2,174,456 REET 2 Capital Construction 1,763,627 2,237,950 1,530,662 1,592,000 2221,919 Transportation Benefit District 2,136,990 2,904,351 3,066,264 1,668,000 1,090,665 Street Overlay&Reconstruction 2,206,592 6,190,488 6,209,675 Convention&Event Center Capital Improvement 285,926 3,669,911 1,659,537 294,114 515,577 Cumulative Reserve for Capital Improvement 83286 106,834 363,879 6,743 45,006 Total Government Capital Funds 21,939,880 25,993,809 15,677,324 16,633,255 17,240,832 10-City of Yakima 12023 Proposed Budget 19 2023-2024 BUDGET BY CITY FUNCTIONAL GROUPING 2022 2023 2024 Estimated Estimated %Chng Estimated %Chng End Fund Projected Projected End Fund 2022 Projected Projected End Fund 2023 Balance Revenues Expenditures Balance to 2023 Revenues Expenditures Balance to 2024 $ 16250,835 $ 71,773,445 $ 73,349,628 $ 14,674,652 (10.7)% $ 73,500,799 $ 75,106,942 $ 13,068,509 (12.3)% 488,660 6,162,752 6233,727 417,685 (17.0)% 6,691,386 6,362,168 746,903 44.1 1,318,167 6,415,663 6,517,426 1,216,404 (8.4)% 6,435,518 6,642,466 1,009,456 (20.5)% 18,057,662 84,351,860 86,100,781 16,308,741 (10.7)% 86,627,703 88,111,576 14,824,868 (10.0)% 606,936 - - 606,936 -0/0 - - 606,936 0/0 - 3,013250 1,760,775 1,775249 2,998,776 (0.5)% 1,693,253 1,760,176 2,931,853 (2.3)% 705,059 631,570 758,990 577,639 (22.1)% 636,126 782,669 431,096 (34.0)% 164,821 834,705 747,975 251,551 34.5% 848,423 771,314 328,660 23.5 153,939 362,500 369,746 146,693 (4.9)% 380,000 384,437 142,256 (3.1)% 172,719 1,777,086 1,741,142 208,663 17.2% 1,777,086 1,929,620 56,129 (271.8)% 565,909 2,715,307 2,913,512 367,704 (53.9)% 2,775,314 2,916,016 227,002 (62.0)% 302,330 1,714,959 1,768,581 248,708 (21.6)% 180,000 229,534 199,174 (24.9)% 847,433 180,000 226,052 801,381 (5.7)% 1,716,985 1,835,936 682,430 (17.4)% 82,141 185,750 183,862 84,029 2.2% 185,750 183,943 85,836 2.1 42,493 11,275 10,042 43,726 2.8% 11,275 10,081 44,920 2.7 7238 3,700 3,700 7,238 -0/0 3,700 3,700 7,238 -0/0 481,371 2,128,500 1,986,398 623,473 22.8% 2232,500 2,027,342 828,631 24.8 104,224 455,244 447,319 112,149 7.1% 461,764 459,280 114,633 2.2 1,117,937 1,115,600 1,516,096 717,441 (55.8)% 1,122,943 1,516,101 324,283 (121.2)% 85,812 1,350,400 1,353,522 82,690 (3.8)% 1,350,400 1,353,733 79,357 (4.2)% 575,950 836,258 683,384 728,824 21.0% 861,331 683,389 906,766 19.6 11,336,935 - 4,496,449 6,840,486 (65.7)% - 2,405,923 4,434,563 (54.3)% 20,366,497 16,063,629 20,982,019 15,448,107 (31.8)% 16236,850 19253,194 12,431,763 (24.3)% n/a - - - n/a 55,022 - - 55,022 -% - - 55,022 -0/0 47,693 60,000 60,000 47,693 -0/0 60,000 60,000 47,693 -0/0 1,098,969 1,500,000 1,362,027 1,236,942 11.2% 7,500,000 6,449,324 2,287,618 45.9 197,434 151,212 159,449 189,197 (4.4)% 100,000 70,016 219,181 13.7 414,050 163,000 82,162 494,888 16.3% 398,032 123,234 769,686 35.7 876,519 394,227 123,051 1,147,695 23.6% 278,032 3,234 1,422,493 19.3 3,884,622 1,684,448 3,776,636 1,792,434 (116.7)% 1,684,448 3,260,787 216,095 (729.5)% 900,743 1,600,000 1,879,396 621,347 (45.0)% 1,600,000 1,878,831 342,516 (81.4)% 3,643,599 1,786,000 4,745,037 684,562 (432.3)% 1,786,000 1,870,171 600,391 (14.0)% 2,187,405 10,303,897 9,862,559 2,628,743 16.8% 5,241,847 6,464,002 1,406,588 (86.9)% 1,438,075 792,500 942,920 1,287,655 (11.7)% 825,000 1,107,295 1,005,360 (28.1)% 325,616 - 105,000 220,616 (47.6)% - 85,000 135,616 (62.7)% 15,069,747 18,435,284 23,098,237 10,406,794 (44.8)% 19,473,359 21,371,894 8,508,259 (22.3)% City of Yakima 12023 Proposed Budget-11 20 2023-2024 BUDGET BY CITY FUNCTIONAL GROUPING 2021 2022 Estimated Year End Year End Actual Actual Beg Fund Estimate Estimate Revenues Expenditures Balance Revenues Expenditures Enterprise Operating Funds Airport Operating 2,003,671 1,622,840 884,655 1,965,001 2,181,623 Stormwater Operating 3,890,189 4,059,403 1,478,187 4,134,410 4,663,994 Transit 10,950,240 9,018,921 9,187,659 15,137,854 13,442,236 Refuse 8,665,580 7,988,755 3,540,581 9,109,700 8,987,761 Wastewater Operating 25,369,835 22,532,913 14,123,584 24,395,273 29,486,099 Water Operating 11,957,058 10,049,157 8,547,905 11,802,297 16,724,940 Irrigation Operating 2,060,793 2,494,618 1,553,303 2,047,700 2,356,254 Total Enterprise Operating Funds 64,897,366 57,766,607 39,315,874 68,592,235 77,842,907 Enterprise Capital Funds Airport FAA 1,331,675 1,266,971 565,345 3,756,144 3,717,986 Stormwater Capital 1,187,966 1,192,641 4,151,107 1,772,737 1,917,810 Transit Capital 1,048,812 35,760 8,118,765 4,877,027 9,580,831 Wastewater Capital Facilities 1,000,000 791,582 4,785,352 1,000,000 625,000 Wastewater Capital Construction 1,500,000 2,188,968 3,856,085 7,672,738 8,903,569 Water Capital 2,487,906 3,393,867 2,364,943 3,172,739 5,413,672 Wastewater Capital Projects 2,400,000 544,233 6,398,743 1,000,000 2,466,282 Irrigation Capital 6,193283 5,798,357 5,321,892 11,328,097 15,830,705 Total Enterprise Capital Funds 17,149,642 15,212,379 35,562232 34,579,482 48,455,855 Internal Service Funds Equipment Rental/Reserves(551/552) 4,458,312 4,468,571 2,886,013 7,422,403 8,006,822 Environmental 265,590 285,275 561,698 422,250 699,338 Public Works Administration 1,368,954 1,244,585 496,401 1,405,343 1,403,510 Utility Services 2,346,319 2,346,220 142,101 2,479,719 2,472,899 Total Internal Service Funds 8,439,175 8,344,651 4,086213 11,729,715 12,582,569 Employee Benefit Reserves Unemployment Compensation Reserve 234,128 154,350 386,847 241,333 202,070 Employees Health Benefit Reserve 13,423,935 13,786,306 3,989,873 15,405,696 14,355,814 Workers'Compensation Reserve 2,000,798 2,275,943 700,755 2,003,153 2,505,371 Wellness/Employee Asst Program 102,390 49,220 162,561 75,000 66,900 Total Employee Benefit Reserves 15,761,251 16,265,819 5,240,036 17,725,182 17,130,155 Risk Management Reserve Risk Management 5,468,324 5,453,619 4,852,012 5,757,692 5,624265 Total Risk Management Reserve 5,468,324 5,453,619 4,852,012 5,757,692 5,624,265 12-City of Yakima 12023 Proposed Budget 21 2023-2024 BUDGET BY CITY FUNCTIONAL GROUPING 2022 2023 2024 Estimated Estimated 2023 Estimated 2024 Beg Fund Projected Projected End Fund vs 2022 Projected Projected End Fund vs 2023 Balance Revenues Expenditures Balance Fund Bal Revenues Expenditures Balance Fund Bal 668,033 1,934,333 1,963,443 638,923 (4.6)% 1,551,615 1,881,802 308,736 (106.9)% 948,603 4,126,410 3,830,963 1,244,050 23.7% 4,064,410 4,009,834 1,298,626 4.2 10,883,277 10,653,832 10,700,373 10,836,736 (0.4)% 10,448,836 10,448,936 10,836,636 -% 3,662,520 9251,365 9,310,587 3,603,298 (1.6)% 9,701,656 9,621,351 3,683,603 2.2 9,032,758 24,388,283 25,180,729 8,240,312 (9.6)% 24,388,793 26,629,488 5,999,617 (37.3)% 3,625,263 13,495,704 13,110,368 4,010,599 9.6% 13,905,033 13,574,148 4,341,484 7.6 1,244,749 2,102,600 2,407,467 939,882 (32.4)% 2,167,600 2,478,457 629,025 (49.4)% 30,065203 65,952,527 66,503,930 29,513,800 (1.9)% 66227,943 68,644,016 27,097,727 (8.9)% 603,503 4,105,060 4,058,534 650,029 7.2% 145,000 14,346 780,683 16.7 4,006,035 859,802 4,020,554 845,283 (373.9)% 955,117 921,187 879,213 3.9 3,414,961 1,766,976 511,625 4,670,312 26.9% 1,177,676 100,000 5,747,988 18.7 5,160,352 1,000,000 4,583,618 1,576,734 (227.3)% 1,000,000 903,835 1,672,899 5.7 2,625254 3209,802 4,020,815 1,814,241 (44.7)% 2205,117 1,772,664 2,246,694 19.2 124,010 2,909,802 2,701,260 332,552 62.7% 3,205,117 628,561 2,909,108 88.6 4,932,462 1,000,000 5,067,750 864,712 (470.4)% 4,000,000 1,182,035 3,682,677 76.5 819284 11,957,000 5,712,434 7,063,850 88.4% 4,027,000 6,557,520 4,533,330 (55.8)% 21,685,861 26,808,442 30,676,590 17,817,713 (21.7)% 16,715,027 12,080,148 22,452,592 20.6 2,301,594 6,027,314 7,136297 1,192,611 (93.0)% 6,058,880 7,090225 161,266 (639.5)% 284,611 422,100 491,617 215,094 (32.3)% 90,000 122,714 182,380 (17.9)% 498,234 1,433,450 1,877,720 53,964 (823.3)% 1,462,119 1,439,282 76,801 29.7 148,921 2,424,517 2,424,517 148,921 -% 2,496,345 2,496,345 148,921 -% 3233,360 10,307,381 11,930,151 1,610,590 10,107,344 11,148,566 569,368 (182.9)% 426,110 247,995 234,542 439,563 3.1% 259,124 214,656 484,031 9.2 5,039,755 15,562,635 14,728,925 5,873,465 14.2% 16,250,411 15,055,588 7,068,288 16.9 198,537 2,023,416 2,241,785 (19,832) n/a 2,025,897 2,277,110 (271,045) 92.7 170,661 75,000 66,900 178,761 4.5% 75,000 66,900 186,861 4.3 5,835,063 17,909,046 17,272,152 6,471,957 9.8% 18,610,432 17,614,254 7,468,135 13.3 4,985,438 5,438,458 6,418,704 4,005,192 (24.5)% 5,764,765 7299,121 2,470,836 (62.1)% 4,985,438 5,438,458 6,418,704 4,005,192 (24.5)% 5,764,765 7,299,121 2,470,836 (62.1)% City of Yakima 12023 Proposed Budget-13 22 2023-2024 BUDGET BY CITY FUNCTIONAL GROUPING 2021 2022 Estimated Year End Year End Actual Actual Beg Fund Estimate Estimate Revenues Expenditures Balance Revenues Expenditures Debt Service Public Facility District 2020 Convention Center/Capital Theatre 1,360,781 1,393,696 184239 1,401,788 1,402,046 General Obligation Miscellaneous LTGO Bonds 3294,323 3,294,959 16,603 3,217,845 3216,852 Utility Bonds 2008 Wastewater Revenue Bonds 386,850 380,863 13,272 382,400 382,400 2004 Irrigation System Revenue Bonds 272,550 264,838 28,364 272,150 272,150 2012 Wastewater Revenue Bonds 1,164200 1,142,667 1,606,315 1,162,800 1,162,800 Total Debt Service 6,478,704 6,477,023 1,848,793 6,436,983 6,436,248 Agency Funds YakCorps-Agency 1269,434 383,965 868,688 652,267 652267 Custodial Fund 5,081,608 4,911,591 170,017 Cemetery Trust 15,816 12,000 721,484 12,000 12,000 Total Agency Funds 6,366,858 5,307,556 1,760,189 664,267 664267 Total City Budget $ 243,053,093 $ 233,307,224 $ 133,145,200 $ 287,098,946 $ 297,335,599 14-City of Yakima 12023 Proposed Budget 23 2023-2024 BUDGET BY CITY FUNCTIONAL GROUPING 2022 2023 2024 Estimated 2023 Estimated 2024 Beg Fund Projected Projected End Fund vs 2022 Projected Projected End Fund vs 2023 Balance Revenues Expenditures Balance Fund Bal Revenues Expenditures Balance Fund Bal 183,982 1,404,577 1,404,068 184,491 0.3% 1,404,577 1,404278 184,790 0.2 17,596 3,018,414 3,018,414 17,596 -% 2,949,914 2,949,914 17,596 -% 13,272 382,800 382,800 13,272 -% 387,900 387,900 13,272 -% 28,364 276,600 276,600 28,364 -% 270,750 270,750 28,364 -% 1,606,315 1,164,800 1,164,800 1,606,315 -% - - 1,606,315 -% 1,849,529 6,247,191 6,246,682 1,850,038 -% 5,013,141 5,012,842 1,850,337 -% 868,688 578,552 578,552 868,688 -% 595,909 595,909 868,688 -% 170,017 - - 170,017 -% - - 170,017 -% 721,484 12,000 12,000 721,484 -% 12,000 12,000 721,484 -% 1,760,189 590,552 590,552 1,760,189 -% 607,909 607,909 1,760,189 -% $ 122,908,547 $ 252,104,373 $ 269,819,797 $ 105,193,123 (16.8)% $ 245,269,439 $ 251,222,577 $ 99,239,985 (6.0)% City of Yakima 12023 Proposed Budget-15 24 ,b,.......,„,,,,,,,,,xx‘‘‘ ----NI:: Yi ',,, A ,..-....‘, ..- ..A...le•### _ . 1-4g... _ . ,,, : . mink • ...''-‘ ,# • 5 -•: r , e Ii C)... i ' : 0 3 . ... * : 0. .. .. _ _4. 1#.1 4 ••••.•••••oe .,- 4‘ 4.4, �eri*PoRATEp _ 16-City of Yakima/2023 Proposed Budget 25 CHARTS & TABLES 2023 GENERAL FUND REVENUES BY SOURCE EXPENDITURES BY CATEGORY $71,773,445 $73,349,628 Salaries&Wages 58.0% Utility& Franchise Taxes Sales Tax 28.3% 41.0% Property Tax Transfers $9,229,468 3.0% Personnel Fines&Forf, 12.9% Debt Service& Benefits Transfers,Misc Capital Outlays , 20.0% 4.4% Charges for Services 0.4% Licenses& 4.3% Services& Permits Pass-Through Supplies for 2.7% Other Taxes& Intergovernmental Payments Consumption& Assessments Revenues 15 8% Resale 1.5% 4.9% 2.8% 2024 GENERAL FUND REVENUES BY SOURCE EXPENDITURES BY CATEGORY $73,500,799 $75,106,942 Salaries&Wages 58.5% Utility& Franchise Taxes Sales Tax 28.0% 42.2% Property Tax Transfers 12.2% 3.0% Personnel Fines&Forf, Debt Service& Benefits Char Transfers,Misc 4 3/°ges for Services Capital Outlays / 20.0% 4.3% 0.3/° Services& Licenses& Intergovernmental Pass-Through Supplies for Permits Other Taxes& Revenues g Consumption& 2.6% Assessments ° /°Payments Resale 4.8/° 15.4 1.6% 2.8% City of Yakima 12023 Proposed Budget-17 26 2023 CITY-WIDE 2023 REVENUES BY SOURCE EXPENDITURES BY CATEGORY $252,104,373 $269,819,797 Utility& Supplies for Services&Pass- Franchise Taxes Property Tax Consumption&Resale Through Payments 8.7% 9.1% 3.6% ,23.7% Sales Tax 16.0% Charges for Personnel 14 Services Benefits 23.8% 15.2% Capital Outlays 21.1% Fines&Forf, Transfers,Misc Intergovernmental Debt Service 22.7% Revenues 3.4% 15.4% Salaries&Wages Transfers Licenses& 26.4% 6.6% Other Taxes& Permits Assessments 1.3% 3.0% 2024 CITY-WIDE REVENUES BY SOURCE EXPENDITURES BY CATEGORY $245,269,439 $251,222,577 Utility& Supplies for Franchise Taxes Property Tax Consumption&Resale Services&Pass- 9.0% s. 9.5% 4.0% Through Payments /25.7% Sales Tax Personnel 17.1% Benefits Charges for Services 16.8% 25.1% _---- , Capital Outlays 13.6% Debt Service Fines&Forf, Intergovernmental 3.0% Transfers,Misc Revenues / Transfers 25.8% 9.0/° 7.6/°°Salaries&Wages Licenses& Other Taxes& 29.3% Permits Assessments 1.4% 3.1% 18-City of Yakima/2023 Proposed Budget 27 2023-2024 REVENUES BY SOURCE General Fund Citywide %of %of %of %of 2023 Total 2024 Total 2023 Total 2024 Total Sales Tax $ 29,454,000 41.0% $ 31,005,950 42.2% $ 40,347,000 16.0% $ 42,016,136 17.1 Utility&Franchise Taxes 20,334,354 28.3% 20,554,893 28.0% 21,944,962 8.7% 22,185,608 9.0 Property Tax 9,229,468 12.9% 8,990,443 12.2% 22,863,709 9.1% 23,285,527 9.5 Charges for Services 3,105,310 4.3% 3,172,501 4.3% 60,137,914 23.8% 61,520239 25.1 Intergovernmental Revenues 3,499,577 4.9% 3,549,875 4.8% 38,780,698 15.4% 22,144,126 9.0 Other Taxes&Assessments 1,112,400 1.5% 1,126,389 1.6% 7,463,400 3.0% 7,477,389 3.1 Licenses&Permits 1,908,700 2.7% 1,927,700 2.6% 3,389,585 1.3% 3,408,585 1.4 Fines and Forfeitures 1291,000 1.8% 1,306,540 1.8% 1,341,000 0.5% 1,356,540 0.6 Transfers - -% - -% 17,810,700 7.1% 19,125,588 7.8 Miscellaneous Revenues 1,838,636 2.6% 1,866,508 2.5% 38,025,405 15.1% 42,749,701 17.4 $ 71,773,445 $ 73,500,799 $ 252,104,373 $ 245,269,439 2023-2024 EXPENDITURES BY CATEGORY General Fund Citywide %of %of %of %of 2023 Total 2024 Total 2023 Total 2024 Total Salaries&Wages $ 42,530,162 58.0% $ 43,922,083 58.5% $ 71,125,687 26.4 % $ 73,586,964 29.3 % Personnel Benefits 14,664269 20.0% 15,053,109 20.0% 41,038,408 15.2 % 42,200,089 16.8 % Supplies for Consumption&Resale 2,079,730 2.8% 2,089,699 2.8% 9,634,115 3.6 % 9,913,410 4.0 % Services&Pass-Through Payments 11,575,415 15.8% 11,550,942 15.4% 64,060,900 23.7% 64,554,691 25.7% Capital Outlays 100,000 0.1% 100,000 0.1% 57,021,733 21.1 % 34,244,400 13.6 % Transfers 2,193,819 3.0% 2224257 3.0% 17,810,700 6.6 % 19,125,588 7.6 % Debt Service 206233 0.3% 166,852 0.2% 9,128,254 3.4 % 7,597,435 3.0 % $ 73,349,628 $ 75,106,942 $269,819,797 $251,222,577 City of Yakima 12023 Proposed Budget-19 28 ,b,.....„,„,,,,,,,,,xx‘‘‘ ----NI:: Yi ',,, A ,..-....‘, ..- ..A...,i#0, _ . 1-4g... _ . ,,, : . mink • ...''-‘ ,# • 5 -•: r , e I C)...i i ' : 0 3 . ... * : 0. .. .. _ _4. 1#.1 4 ••••.•••••%%is' .,- 4‘ 4.4, �eri*PoRATEp _ 20-City of Yakima/2023 Proposed Budget