07-07-2020 Budget (4)City of Federal Way
2019/2020 Biennial Budget
Amendment Ordinance
Presented by:
Adé Ariwoola, Finance Director
July 7, 2020
BUDGET AMENDMENT
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•Guidelines to the Budget Amendment:
o What is the State’s guidelines and how do we stand?
o What is the current City Policy and how do we stand ?
•General Fund -$9.0 million
•Utility Tax -$1.5 million
•Traffic Light -$1.2 million
•Risk Management
o What are the major changes in the budget?
GENERAL FUND (001)
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Revenues:
Fund Bal. Carryforward 1.19$
COVID-19 Rev. Shortfall - Sales Tax (1.49)
COVID-19 Rev. Shortfall - Bldg. Permit (1.06)
COVID-19 Grant from the State 2.93
CD Grant 0.10
Police Contract 0.47
Transfer from Utility Tax Fund 0.85
CD Lien Recovery 0.03
Automation Revenue (0.14)
King County COVID-19 Grant 0.15
Total Revenues 3.03$
GENERAL FUND - Fund 001
GENERAL FUND (001) CONT’
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Appropriation:
Target Condemnation 0.85$
COVID-19 Grants to local businesses 2.03
Grant Administration 0.08
COVID-19 Truck 0.20
COVID-19 Supplies 0.21
Police OT for Contract 0.47
Eye on FW 0.06
DBC 0.26
PAEC 0.16
FWCC 0.57
County Grant for COVID-19 0.15
Court COVID-19 0.06
SCORE Savings (2.10)
Total Appropriation 3.00$
GENERAL FUND - Fund 001
UTILITY TAX (103)
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Revenues:
Fund Bal. Carryforward 0.07$
COVID-19 Revenue Shortfall (0.55)
New Revenue on Water & Sewer 2.17
New Revenue on Solid Waste 0.38
Total Revenues 2.07$
Appropriation:
Risk Management 0.81$
General Fund - Target Condemn.0.85
Arterial Street 0.38
Street 0.01
Total Appropriation 2.05$
UTILITY TAX - Fund 103
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PROP 1(114)
Revenues:
Fund Bal. Carryforward 0.13$
COVID-19 Revenue Shortfall (0.16)
New Revenue on Water & Sewer 0.63
Total Revenues 0.60$
Appropriation:
Public Defender 0.60$
Total Appropriation 0.60$
PROP 1 - Fund 114
TRAFFIC SAFETY (112)
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Revenues:
Fund Bal. Carryforward (0.19)$
Transfer in from General Fund 0.19
COVID-19 Revenue Shortfall (0.93)
Total Revenues (0.93)$
TRAFFIC SAFETY - Fund 112
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RISK MANAGEMENT (501)
Revenues:
Fund Bal. Carryforward 0.17$
Transfer in from Utility Tax 0.81
Total Revenues 0.98$
Appropriation:
Flag Pole 0.15$
Settlement 0.68
Total Appropriation 0.83$
RISK MANAGEMENT - Fund 501
CONCLUSION
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o The budget amendment meets the state requirement.
o All funds EXEPT the Traffic light fund meet the
Reserve requirement.
o Traffic light fund reserve is short due to loss of revenue
from COVID-19.
o As mentioned before, 2020 will be fine.
o We have challenges ahead in 2021
Questions?
Thank You!
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