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HomeMy WebLinkAbout10/27/2015 06 2016 Preliminary Budget Presentation'1111111 1, nun 11,1:1141r10 BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 6. For Meeting of: October 27, 2015 ITEM TITLE: 2016 Preliminary Budget Presentation SUBMITTED BY: Tony O'Rourke, City Manager Cindy Epperson, Director of Finance & Budget SUMMARY EXPLANATION: We are pleased to present an Executive Summary of the 2016 Preliminary Budget as required by State Law. Attached to this packet is: • Power Point Presentation summarizing the major elements of the 2016 Preliminary Budget; and • A spreadsheet that presents a three year budget comparison: O 2014 Actual Expenditures O 2015 Amended Budget and Year-end Estimates for Expenditures O 2016 Proposed Expenditures and Projected Revenues o Status of Beginning and Ending 2016 Reserves by Fund The Preliminary Budget Summary document will be distributed to Council on November 3, 2015. That meeting will also include set dates for the formal Public Hearings on the budget (November 17, 2015 and December 1, 2015) and the Ad Valorem (i.e. Property Tax) levy on November 17, 2015. Resolution: Ordinance: Other (Specify): Contract: Contract Term: Start Date: End Date: Item Budgeted: Amount: Funding Source/Fiscal Impact: Strategic Priority: Public Trust and Accountability Insurance Required? No Mail to: Phone: APPROVED FOR SUBMITTAL: City Manager RECOMMENDATION: ATTACHMENTS: Description Upload Date 2016 Budget Power Point Presentatlion 10/23/2015 D 3 Year Budget Comparison 10/23/2015 Type Omer Memo Omer Memo PROPOSED 2016 BUDGET HIGHLIGHTS > The proposed FY 2016 Final Budget is balanced and prudent at $226.7 m. This represents a $34.5 m increase over projected 2015 year-end budget, of which 90% is dedicated to capital improvements > Budget is focused and responsive to: • City Council's Strategic Priorities • Safe community • Economic growth • Infrastructure • Partnerships • Public Trust and Accountability • Neighborhood Partnerships • Delivery of core services — Police, Fire, Public Works - - 68.5% of General Government budget • Capital infrastructure and equipment investment — over $55 million, compares to $24 m in 2015. Represents almost 25% of the entire budget. • The combined general operating and debt service property tax levy will decrease by $0.0129 per thousand or 0.4% from the 2015 tax levy. • Proposed water, wastewater, stormwater and rate increases will be deferred until 2017. Required utility capital improvements necessitating utility rate increases can be financed by using $12.24m utility operating and capital reserves. Only utility rate increase is Refuse. Rates have been unchanged for eight (8) years and an adjustment is required to avoid a $350,000 operating deficit. 32 gallon refuse 96 gallon refuse 96 gallon yard waste Current 2016 Increase $ 10.00 $ 16.02 $ 6.02 17.02 18.32 1.30 12.82 14.82 2.00 PROPOSED 2016 BUDGET HIGHLIGHTS > Budget challenges include: ■ Tempered recovery from the Great Recession — "new normal" ■ Personnel costs are paramount expenditure drivers - 69.7% of General Government budget (68.9% in 2015; 70.4% in 2014; 72.3% in 2013) ■ Managing past, present, and future health insurance and pension costs ■ City's aging infrastructure, utility systems, facilities, and rolling stock require increased investments ■ Long-term federal and state assistance is declining > Budget balancing strategy includes: ■ 2% payroll vacancy savings of $1,085,000 ■ Budget maintains adequate operating reserve of $55.3 million or 24.4% (23.4% in 2014) for all funds and $8.9 million, or 12.2% general government fund operating reserves. Once all 4 Tiger Mart properties are sold, the General Government operating reserves should increase to 13.0%. Uses $12.0 million available reserves, 97% for Capital Improvements. 2016 PROPOSED BUDGET 2015 2016 15 vs. 16 Year -End Proposed Budget Estimate Expenditures % Change General Government $ 71,357,871 $ 73,322,822 2.8% Enterprise & Non -General Gov't 120,742,057 153,347,164 27.0% Total Proposed Budget 192,099,928 226,669,986 18.0% 2016 PROPOSED BUDGET Summary of Proposed FY 2016 Budget (All Funds -numbers in millions) Estimated 2016 2016 Estimated 2016 Beg. Projected Proposed Use of 2016 Ending Fund Balance Revenue Expenditures Reserves Balance General Fund $7.6 $62.8 $62.8 $0.0 $7.6 Parks and Recreation 0.5 5.5 5.5 0.0 0.5 Street & Traffic Operations 0.9 5.1 5.1 0.0 0.9 General Government Subtotal 8.9 73.4 73.3 0.0 9.0 Utilities/Other Operating 22.1 70.6 71.8 (1.2) 20.9 Capital Improvement 27.6 45.1 55.7 (10.6) 16.9 Risk Management Reserves 1.3 4.9 4.9 0.0 1.4 Employee Benefit Reserves 4.4 13.1 13.4 (0.3) 4.1 Trust and Agency Funds 0.7 0.6 0.6 0.0 0.8 G.O. Bond Debt Service 0.3 4.8 4.8 0.0 0.3 Utility Revenue Bond Debt Service 2.0 2.1 2.1 0.0 2.0 Total $67.4 $214.6 226.7 (12.0) 55.3 2016 PROPOSED EXPENDITURE BUDGET $226.7 Million Capital Improvement $55.7 24.6% Utilities/Other Operating $71.8 31.7% Risk Mana gement Reserves $4.9 2.1% Employee Benefit Re serves $13.4 5.9% Street & Traffic Parks and Operations Recreation $5.1 $5.5 2.2% 2.4% Trust and Agency Funds $0.6 / 0.3% G.O. Bond Debt Se rvice / $4.8 2.1% Utility Revenue Bond Debt Service $2.1 0.9% General Fund $62.8 27.7% 2016 GENERAL GOVERNMENT EXPENDITURES BY DEPARTMENT $73.3 Million Municipal Court $1,427,819 1.9% Finance Transfers $4,839,545 6.6% $4,105,554 5.6% Le gal $1,590,517 Human 2.2% Re sources $680,219 0.9% City Management $6,536,150 8.9% Fire $12,319,074 16.8% Community De ve lopment $3,006,061 4.1% Engine e ring $835,010 1.1% Public Works $10,558,160 14.4% Police $27,424,713 37.4% 2016 GENERAL GOVERNMENT REVENUE & RESERVES $81.9 Million 2015 2016 % of -- 2016 vs. 2015 -- 2014 Year -End Percent Projected 2016 Increase Percent Source Actual Estimate Change Revenue Total (Decrease) Change General Sales Tax $15.5 $16.0 3.5% $16.7 22.7% $0.6 4.0% Crim. Justice Sales Tax 3.1 3.2 4.0% 3.4 4.5% 0.1 4.2% Property Tax 16.0 16.4 2.2% 16.8 22.9% 0.4 2.5% Utility & Franchise Taxes 15.8 15.8 (0.2%) 16.3 22.2% 0.5 2.9% Charges for Services 6.7 8.1 21.5% 8.7 11.8% 0.5 6.7% State Shared Revenue 2.6 2.9 10.0% 3.1 4.3% 0.2 7.1% Fines and Forfeitures 1.6 1.7 6.2% 1.7 2.3% 0.0 1.9% Other Taxes 1.5 1.5 1.0% 1.5 2.1% 0.1 4.6% Other Revenue 0.9 1.3 35.5% 1.3 1.8% 0.0 1.8% Transfers from other Funds 1.4 1.4 0.9% 1.5 2.0% 0.0 1.7% Other Intergovernmental 1.4 1.7 21.7% 1.6 2.2% (0.1) (4.9%) Licenses and Permits 0.9 0.9 3.3% 0.9 1.2% 0.0 2.5% Total Revenue 67.4 70.9 5.2% 73.4 100.0% 2.5 3.4% Beginning Fund Balance 10.9 9.4 (13.5%) 8.9 (0.5) (5.2%) Total Resources 78.3 80.3 2.6% 82.3 2.0 2.5% 2016 GENERAL GOVERNMENT EXPENDITURES BY CLASSIFICATION $73.3 Million Salaries & Benefits $51,097,213 69.7% i Operating Supplies $2,528,980 3.4% Professional Services $10,338,667 14.1% Intergov't Services $1,999,327 2.7% Capital Outlay Debt Service $76,500 $3,228,450 0.1% 4.4% Interfund Transfers $4,053,686 5.5% GENERAL GOVERNMENT REVENUE BUDGET OVERVIEW > Major Budget Balancing Strategy ■ 2% Vacancy rate $1,085,000 ■ Reduced Overtime $480,000 ■ Reduced Fuel Prices $145,000 > Revenue Assumptions ■ Proposed 1% inflation adjustment in property taxes plus an estimate of $410,000 1.5% new construction (Because this year's implicit price deflator is only 0.25% a Super majority (5 — 2) vote and a declaration of "substantial need" is required to pass a 1% increase.) ■ 4.0% growth in sales tax (2012 -2014 growth above 6.0% - 2015 above 4%) $640,000 ■ Utility tax growth of 2.9% $456,000 ■ Sale of two Tiger Mart locations $400,000 > Cost Drivers ■ Cost of living payroll increase (avg. 2.5%) $950,000 ■ Additional staffing (4 positions) $300,000 - Firefighters (3) — offset by reduction in overtime - Neighborhood Engagement Assistant (1 mid -year 2016) ■ Pension rate increase (2.0% 7/1/15) $200,000 ■ Medical rate increase 4.4% $410,000 CITY COUNCIL STRATEGIC PRIORITIES Public Safety Investments ■ Dangerous Building — (Increase $30,000 to budget, total $60,000) ■ Digital cameras for all patrol officers ($15,000) ■ Police Motorcycle Replacement ($65,000) ■ Police Taser Equipment Replacement ($20,000) ■ Add 3.0 Firefighters ($264,000) — offset by reduction in overtime) ■ Increase Fire Training Budget for Technical Rescue ($10,000) ■ Fire Station 95 Annex Outbuilding Project ($257,000) ■ Fire Station 95 Sleeping Quarters ($75,000) ■ Purchase Fire Water Tender ($125,000) CITY COUNCIL STRATEGIC PRIORITIES Economic Development Investments ■ Cascade Mill Site ($1,500,000 / LIFT) ■ Downtown Plaza ($2,800,000 / $600,000 community donation, $2m G.O. Bond, $200k REET 2) ■ Downtown Special Events ($216,200 — off set by $110,000 in revenue) ■ Airport Marketing with Federal Match Grant ($250,000 / $125,000 grant revenue) ■ SunDome Investment ($100,000 — Lodging Tax Advisory Committee only authorized $75, 000) ■ Capitol Theatre Operations ($370,000) ■ Capitol Theatre Improvement ($70,000) ■ DAY Group ($133,333 / $100,000 utility tax credit in 2017) CITY COUNCIL STRATEGIC PRIORITIES Built Environment Investments ■ 30 -Lane Miles of Road Resurfacing ($5,000,000, funded by G.O. Bond) ■ Airport Improvements ($11,645,000) - Security Gates, 90% Grant - Snow Removal Equipment, 90% Grant - Taxiway Rehabilitation, 90% Grant ■ Arterial Street Capital ($9,237,000 — 2016 ) - North First Street funded by $6 m G.O. Bond — signal at 64th & Tieton ■ Stormwater System Improvement ($2,400,000) - North 1st Street - Randall Park- Mill Site ■ 2017 Comprehensive Plan Consultant ($25,000 — 2015; $45,000 — 2016; $35,000 - 2017) ■ 2017 Com rehensive Transportation Element Consultant ($25,000 — 2015; $45,000 — 2016; $35,000 - Z017) ■ Wastewater Capital Investments ($7,790,000) - Beech Street Interceptor, Phase II - Riparian Outfall Phase II - Plant Solids Handling Improvement Design Facility Plan ■ Water Capital Investment ($2,050,000) - Naches River Water Treatment Plant Intake - N 1st Street from MLK to US Hwy 12, water main replacement ■ Irrigation Capital Investment ($1,025,000) - West Yakima System Improvements ■ Transit Capital Investments ($4,175,000) - Purchase 7 Replacement Buses — Replace 7 Vanpool & 7 Dial -a -ride Vans - Passenger Shelters & Counters ■ Parks Capital Improvements ($987,000) CITY COUNCIL STRATEGIC PRIORITIES Partnership Development Investments ■ Contract with Union Gap to provide full Fire Suppression and Prevention Service. ($1.2 million) ■ Convention Center Management Fee (Additional $19,800 — 2016: Total Budget $741,000) ■ Washington Fruit Community Center Improvements ($100,000 — 2016: 50% Community Contribution) ■ Humane Society Increase ($3,700 — 2015) ■ Visitors Information Center ($66,500 - 2016) ■ Sports Commission (additional $7,500 — 2016 Total Budget $72,500) ■ Tourism Promotion (add'l $9,000 — 2016 Total Budget $184,000) CITY COUNCIL STRATEGIC PRIORITIES Public Trust & Accountability ■ Capital Improvements ($55.7 million - 2016) ■ Quality Customer Service and Leadership Training ($100,000 — 2016) ■ Annual Citizen Survey ($35,000 - 2016) ■ Annual Employee Survey ($13,000 - 2016) CITY COUNCIL STRATEGIC PRIORITIES Neighborhood Partnerships ■ Neighborhood Partnership Staff ($137,000) - Repurpose GFI Manager position to Neighborhood Engagement Manager - Add one Program Assistant mid -year ■ Neighborhood Directed Programs ($100,000 - Grant) 2016 TOP 12 CAPITAL PROJECTS 2016 Proposed Expenditures Funding Source Airport - Taxiway Improvements $ 10,120,000 Streets - N. 1st Street Revitalization, Phase II 6,855,000 Streets - Road Improvements 5,000,000 Wastewater - Beech Street Interceptor, Phase III 4,000,000 Transit - Replace 7 Buses 3,094,000 Central Business District / Downtonw Plaza 2,800,000 Stormwater - N. 1st Street Revitalization, Phase II 1,790,000 Fire Apparatus 1,510,000 Cascade Mill Redevelopment (LIFT) 1,500,000 Wastewater - Riparian Outfall, Phase III 1,000,000 Water - Water Main Replacement (N 1st St Project) 1,000,000 Irrigation - Irrigation System Improvement 1,000,000 $ 39,669,000 Grant/Match $6M Bonds/Grants Bonds Capital Rates/Reserves Capital Reserves/WSDOT Grant $2M Bonds/$600k Donation/$200k REET Capital Rates/Reserves State LOCAL/Capital Lease State/Match/County SIED Program Capital Rates/Reserves Capital Rates/Reserves Capital Rates/Reserves FY 2016 BUDGET SUMMARY ➢ Balanced budget ➢ Focus on core services and Strategic Priorities ➢ Infrastructure investments of $55.7 million for North 1st Street, Street Resurfacing, Plaza, Airport, Utilities, Fire Suppression Equipment, Transit Buses, and Public Works Equipment. ➢ Property Tax decrease: Combined General Operating and Debt Service Tax Levy of 0.5% Projected Long -Term Debt Project 2.5% Growth in Property Value G.O. Debt Capacity (up to 1.5% Debt without vote) Current Outstanding Debt Proposed New Debt: $5 M SOZO Soccer Complex 12/15 $7 M Downtown Plaza - Split to 2016 & 2017 $8 M No 1st St 6/16 $5 M Additional Road Rehabilitation 2016 $4.5 M Aquatic Center 2018 2014 2015 2016 2017 2018 5,515,264,870 5,658,387,596 5,805,795,392 5,950,940,277 6,099,713,784 82,728,973 84,875,814 87,086,931 89,264,104 91,495,707 53,713,126 50,976,799 52,563,821 63,489,044 63,078,159 5,000,000 2,000,000 5,000,000 8,000,000 5,000,000 4,500,000 2019 6,252,206,628 93,783,099 61,849,361 Current Cash Assets Available for Debt Service (Projected) -10,000,000 -10,000,000 -10,000,000 -10,000,000 -10,000,000 -10,000,000 Net Debt Outstanding 43,713,126 45,976,799 57,563,821 58,489,044 57,578,159 51,849,361 Remaining Debt Capacity 39,015,847 38,899,015 29,523,110 30,775,060 33,917,547 41,933,739 Less 30% Reserve for Emergencies per City Council Policy -24,818,692 -25,462,744 -26,126,079 -26,779,231 -27,448,712 -28,134,930 Remaining Capacity Compared to Policy 14,197,155 13,436,270 3,397,030 3,995,829 6,468,835 13,798,809 Total Debt Service on New Issues Estimated at $80,000 per Million for 20 years 2016 2017 2018 2019 2020 $5 M SOZO Soccer Complex 12/15 $400,000 $400,000 $400,000 $400,000 $400,000 $7 M Downtown Plaza 6/2016 $8 M No 1st St 6/16 $5 M Additional Road Rehabilitation $4.5 M Aquatic Center 2018 TOTAL ANNUAL DEBT SERVICE 160,000 640,000 400,000 560,000 640,000 400,000 560,000 640,000 400,000 360,000 560,000 640,000 400,000 360,000 $400,000 $1,600,000 $2,000,000 $2,360,000 $2,360,000 THREE-YEAR BUDGET COMPARISON - 2016 BUDGET BY CITY FUNCTIONAL GROUPING 2014 2015 2015 2016 2016 2016 2016 2016 2016 Actual Amended Year -End Proposed vs 2015 Projected Use of Beginning Est. Ending Expenditures Budget Estimate Expenditures Est Revenue Reserves Fund Balance Fund Balance General Govemment City Management $ 386,675 $ 389,578 $ 404,528 $ 419,338 3.7% Indigent Defense 604,480 1,000,500 910,500 935,500 2.7% City Council 293,237 286,735 282,210 286,840 L6% Neighborhood Groups Program - 236,735 n/a City Clerk/Records 581,099 592,904 541,184 652,886 20.6% Human Resources 527,703 682,303 641,357 680,219 6.1% Legal 1,368,033 1,525,072 1,482,476 1,590,517 7.3% Municipal Court 1,288,302 1,395,989 1,338,504 1,427,819 6.7% Planning 452,903 581,384 553,300 653,393 18.1% Code Administration 2,621,485 1,682,327 1,618,468 1,847,075 14.1% City Hall Facility 399,719 523,868 523,676 505,594 (3.5%) Economic Development 456,317 702,329 794,932 889,391 1L9% Police 26,377,102 26,868,918 26,052,791 27,372,213 5.1% Fire 10,395,013 12,059,718 12,061,844 12,319,074 2A% Information Technology 2,849,321 3,062,977 3,101,555 3,115,460 0.4% Intergovernmental 251,047 174,989 180,680 189,551 4.9% Transfers 5,007,938 4,793,875 4,737,860 4,839,545 2.1% Financial Services 1,502,372 1,605,263 1,576,332 1,531,288 (2.9%) State Examiner 109,905 110,000 115,000 113,000 (1.7%) Police Pension 1,193,161 1,167,200 1,084,490 1,137,500 4.9% Utility Services 1,477,078 1,555,520 1,514,241 1,640,799 8.4% Purchasing 559,928 654,699 622,238 630,917 L4% Engineering 798,763 890,530 825,915 835,010 1.1% Contingency - (1,025,000) - (1,085,000) n/a Total General Fund 59,501,583 61,281,676 60,964,079 62,764,662 3.0% $ 62,783,305 $ 18,643 $ 7,550,295 $ 7,568,938 Parks & Recreation 4,553,121 5,425,527 5,420,027 5,468,072 0.9% 5,510,965 42,893 478,162 521,055 Street Sr Traffic Operations 4,800,608 5,076,756 4,973,765 5,090,088 2.3% 5,059,850 (30,238) 896,671 866,433 Total General Govemment Funds $ 68,855,312 $ 71,783,959 $ 71,357,871 $ 73,322,822 2.8% $ 73,354,120 $ 31,298 $ 8,925,128 $ 8,956,425 10/23/2015 2014 2015 2015 2016 2016 2016 2016 2016 2016 Actual Amended Year -End Preliminary vs 2015 Projected Use of Beginning Est. Ending Expenditures Budget Estimate Expenditures Est Revenue Reserves Fund Balance Fund Balance Other Operating/Enterprise Economic Development $ 430,690 $ 260,766 $ 260,394 $ 198,071 (23.9%) $ 183,000 $ (15,071) $ 71,407 $ 56,336 Community Development 1,449,200 3,373,107 3,327,699 1,431,769 (57.0%) 1,421,193 (10,576) 819,295 808,719 Community Relations 597,230 674,823 649,590 618,913 (4.7%) 666,600 47,687 620,484 668,171 Cemetery 255,443 291,709 288,911 273,542 (5.3%) 262,950 (10,592) 47,315 36,723 Emergency Services 1,291,290 1,312,692 1,305,601 1,407,117 7.8% 1,326,026 (81,091) 202,331 121,240 Public Safety Communications 2,855,158 4,506,862 4,051,457 3,555,870 (12.2%) 3,499,468 (56,402) 440,295 383,893 Police Grants 369,476 475,296 310,036 369,716 19.2% 416,000 46,284 280,700 326,984 Downtown improvement District 229,831 202,172 202,172 208,993 3.4% 205,340 (3,653) 8,077 4,424 Trolley (Yakima Interurban Lines) 34,721 368,961 271,400 147,046 (45.8%) 73,624 (73,422) 73,909 487 Front St Business Impr Area 5,216 7,000 7,000 6,500 (7.1%) 3,735 (2,765) 2,834 69 Tourist Promotion (Cony Ctr) 1,432,809 1,609,854 1,609,828 1,719,510 6.8% 1,708,800 (10,710) 604,936 594,226 Capitol Theatre 341,978 397,290 406,819 370,497 (8.9%) 364,700 (5,797) 15,690 9,893 PFD Revenue -Convention Center 636,991 748,220 748,220 727,720 (2.7%) 828,750 101,030 493,755 594,785 Tourist Promotion Area 641,422 687,000 667,000 687,000 3.0% 687,000 - 79,626 79,626 PFD Revenue -Capitol Theatre 530,939 640,220 640,208 630,883 (1.5%) 624,800 (6,083) 154,915 148,832 Airport Operating Fund 1,072,890 1,102,006 1,017,848 1,128,985 n/a 1,134,929 5,944 51,520 57,465 Stormwater Operating 2,319,147 3,353,229 2,929,588 2,638,104 (9.9%) 2,151,000 (487,104) 692,147 205,043 Transit 7,789,855 8,615,247 7,927,046 8,368,765 5.6% 8,701,402 332,637 2,850,603 3,183,239 Refuse 5,860,242 5,877,188 5,861,246 6,425,158 9.6% 6,595,262 170,104 249,708 419,812 Wastewater Operating 20,352,602 20,901,186 21,355,700 22,540,390 5.5% 22,102,484 (437,906) 4,935,754 4,497,848 Water Operating 9,020,711 9,347,579 9,054,915 9,373,857 3.5% 8,816,000 (557,857) 3,215,186 2,657,329 Irrigation Operating 1,985,333 1,795,875 1,784,591 1,802,149 1.0% 1,803,540 1,391 873,230 874,622 Equipment Rental 4,621,919 5,697,917 4,691,447 4,705,298 0.3% 4,722,942 17,644 4,290,067 4,307,711 Environmental Fund 77,807 1,007,950 1,444,450 1,247,950 (13.6%) 1,180,000 (67,950) 560,696 492,746 Public Works Administration 1,121,214 1,165,173 1,160,246 1,237,215 6.6% 1,143,324 (93,891) 464,926 371,034 Total Other Operating/Enterprise $ 65,324,117 $ 74,419,324 $ 71,973,410 $ 71,821,018 (0.2%) $ 70,622,870 $ (1,198,148) $ 22,099,407 $ 20,901,260 10=23/2015 2014 2015 2015 2016 2016 2016 2016 2016 2016 Actual Amended Year -End Preliminary vs 2015 Projected Use of Beginning Est. Ending Expenditures Budget Estimate Expenditures Est Revenue Reserves Fund Balance Fund Balance Capital Improvement Arterial Street $ 2,954,476 $ 2,532,490 $ 3,102,258 $ 9,237,025 197.8% $ 8,897,841 $ (339,184) $ 1,698,325 $ 1,359,141 C.B.D. Capital Improvement 119,783 91,000 883,000 2,881,000 226.3% 2,826,220 (54,780) 65,366 10,586 Capitol Theatre Construction - 190,000 190,000 70,000 n/a 66,641 (3,359) 76,400 73,041 Yakima Rev Development Area 1,228,911 3,500,000 3,155,000 1,500,000 (52.5%) 1,000,000 (500,000) 1,413,747 913,747 Parks & Recreation Capital 82,237 1,962,211 5,830,489 1,569,000 (73.1%) 508,400 (1,060,600) 1,172,735 112,135 Fire Capital 176,082 2,942,501 1,255,787 2,239,976 78.4% 2,242,410 2,434 245,129 247,563 Law & Justice Capital 929,480 702,243 617,704 693,000 12.2% 479,350 (213,650) 514,941 301,291 Public Works Trust Construction 513,639 1,028,084 683,635 999,885 46.3% 802,000 (197,885) 879,107 681,222 REET 2 Capital Construction 772,787 1,572,787 1,177,547 978,250 (16.9%) 802,000 (176,250) 185,891 9,641 Street Capital Fund 16,653,978 900,238 999,242 5,000,000 n/a 5,095,306 95,306 12,626 107,932 Convention Center Capital Impr 288,012 549,790 405,179 385,000 (5.0%) 292,840 (92,160) 500,997 408,837 Cum. Reserve for Capital lmpr 5,979,376 3,745,000 1,545,000 765,000 (50.5%) 300,000 (465,000) 1,335,652 870,652 Airport Capital 1,072,241 12,539,721 747,563 11,645,247 1457.8% 11,325,568 (319,679) 798,672 478,993 Stormwater Capital 87,619 2,025,000 225,000 2,400,000 966.7% 700,000 (1,700,000) 2,848,391 1,148,391 Transit Capital Reserve 1,874,766 1,749,000 193,391 4,175,100 2058.9% 3,849,875 (325,225) 3,448,444 3,123,219 Wastewater Facilities Capital Rsv 107,043 600,000 250,000 700,000 180.0% 700,000 - 1,802,515 1,802,515 Wastewater Construction 920,384 3,280,000 170,000 5,710,000 3258.8% 800,000 (4,910,000) 6,786,576 1,876,576 Water Capital 4,169,101 2,670,000 1,276,578 2,050,000 60.6% 1,000,000 (1,050,000) 3,565,125 2,515,125 Wastewater Capital 2,211,238 810,000 550,000 1,380,000 150.9% 2,001,500 621,500 (820,021) (198,521) Irrigation Capital 1,184,938 1,567,742 1,467,742 1,342,542 (8.5%) 1,387,060 44,518 1,032,669 1,077,187 Total Capital Improvement $ 41,326,092 5 44,957,807 $ 24,725,115 $ 55,721,025 125.4% $ 45,077,011 $ (10,644,014) $ 27,563,285 $ 16,919,272 Contingency/Operating Reserves FRS/Capitol Theatre Reserve Risk Management Total Contingency/Operating Rsys 1012312015 71,927 S 71,927 $ 71,927 $ 36,641 (49.1%) $ - $ (36,641) $ 36,641 $ - 4,035,225 3,643,704 3,951,716 4,814,551 21.8% 4,894,000 79,449 1,305,183 1,384,632 4,107,152 $ 3,715,631 $ 4,023,643 $ 4,851,192 20.6% $ 4,894,000 $ 42,808 $ 1,341,824 $ 1,384,632 2014 2015 2015 2016 2016 2016 2016 2016 2016 Actual Amended Year -End Preliminary vs 2015 Projected Use of Beginning Est. Ending Expenditures Budget Estimate Expenditures Est Revenue Reserves Fund Balance Fund Balance Employee Benefit Reserves Unemployment Compensation $ 155,141 $ 323,177 $ 182,977 $ 227,351 24.3% $ 197,000 $ (30,351) $ 449,968 $ 419,617 Employees Health Benefit 10,254,339 9,745,849 9,860,071 10,388,338 5.4% 10,407,500 19,162 2,106,803 2,125,965 Workers' Compensation 1,345,292 1,241,131 1,302,774 1,311,017 0.6% 1,069,780 (241,237) 666,214 424,977 Wellness/EAP Fund 147,213 174,800 121,800 121,800 0.0% 121,800 - 182,715 182,715 Firemen's Relief & Pension 1,241,643 1,380,282 1,262,907 1,349,628 6.9% 1,324,260 (25,368) 1,005,404 980,036 Total Employee Benefit Reserves $ 13,143,629 $ 12,865,238 $ 12,730,528 $ 13,398,134 5.2% $ 13,120,340 $ (277,794) $ 4,411,105 $ 4,133,311 Trust and Agency Funds Cemetery Trust $ 12,000 $ 12,000 $ 12,000 $ 12,000 0.0% $ 21,000 $ 9,000 $ 647,022 $ 656,022 YakCorps Agency Fund 663,046 605,777 605,777 605,777 0.0% 605,777 - 101,689 101,689 Total Trust and Agency Funds $ 675,046 $ 617,777 $ 617,777 $ 617,777 0.0% $ 626,777 $ 9,000 $ 748,711 $ 757,711 Debt Service LLD. Guaranty $ - $ - $ - $ n/a $ 50 $ 50 $ 25,314 $ 25,364 PFD Debt Service 1,015,650 1,026,050 1,026,050 1,024,025 (0.2%) 1,026,103 2,078 163,591 165,669 General Obligation Bonds 2,085,427 3,438,379 3,438,379 3,736,939 8.7% 3,740,989 4,050 77,258 81,308 LLD. Debt Service 106,743 245,000 75,000 48,000 (36.0%) 48,000 - 15 15 Water-Irrigation/Sewer Bonds 2,292,268 2,132,155 2 132,155 2,129,054 (0.1%) 2,131,180 2,126 2,019,340 2,021,466 Total Debt Service $ 5,500,087 $ 6,841,584 $ 6,671,584 $ 6,938,018 4.0% $ 6,946,322 $ 8,304 $ 2,285,518 $ 2,293,822 Total City Budget 10/23/2015 $ 198,931,435 $ 215,201,319 $ 192,099,928 $ 226,669,986 18.0% $ 214,641,440 $ (12,028,546) $ 67,374,978 $ 55,346,432