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FEDRAC PKT 01-25-2005 City of Federal Way City Council Finance/E~onomic Development/Regional Affairs Committee Tuesday, January 25, 2005 5;30p~m. City Hall. Hvlebos Conference Room . . AGENDA 1. CALL TO ORDER 2. PUBLIC COMMENT 3. COMMITTEE BUSINESS A. Approval of the November 23, 2004 Minutes B. Legislative and Regional Affairs Update (Matheson) C. New City Hall Update (Matheson) D. Solid Waste Interlocal Agreement - Renew & Renegotiation (Van Orsow) E. Han Woo-Ri Festival Update (Doherty) F. L T AC Membership Changes (Doherty) G. Monthly Financial Report (Kraus) H. V ouchers (Kraus) Action Information Information Action Information Action Action Action 4. OTHER 5. FUTURE AGENDA ITEMS A. Wi-Fi Project B. Olympic Pipeline 6. NEXT MEETING: FEDRAC - Economic Development: February 8, 2005 FEDRAC: February 22, 2005 Committee Members: Eric Faison, Chair Jeanne Burbidge Jim Ferrell Citv Staff /wen Wang, Management Services Director Jason Suzaka, Deputy City Clerk/Mgmt. Analyst (253) 835-2541 K:\FINANCE\F1NCOMMT\2005\O/25\O/2505 Agenda. doc Citf6f F~.~e..~IW~y CityC:ounc~1 'Finance/Econof!1ic nevelopment/Reg~'onal Affairs' Committee DRAFT Tuesday, November 23, 2004 5:30 p.m. Hylebos Confercnc. MINUTES Committee Members in Attendance: Chair Eric Faison, Member Jeanne Burbidge, and Member Jim Ferrell. City Council Members in Attendance: Mayor Dean McColgan, Deputy Mayor Linda Kochmar, and Councilmember Michael Park. Staff Members in Attendance: Iwen Wang, Management Services Director; David Moseley, City Manager; Derek Matheson, Assistant City Manager; Pat Richardson, City Attorney; Mark Turley, Senior Financial Analyst; Tho Kraus, Finance Manager; Mary McDougal, Human Resources Manager; and Jason Suzaka, Management Analyst. Others in Attendance: 1. CALL TO ORDER Chair Eric Faison called the meeting to order at 5:32 p.m. 2. PUBLIC COMMENT None. 3. COMMITTEE BUSINESS a) Approval of the October 26, 2004 meeting minutes Motion to approve the October 26, 2004 meeting minutes. Motion seconded and carried. b) Legislative and Regional Affairs Update Presented by Derek Matheson Streamlined Sales Taxation: Mr. Matheson reported that the SST mediation group has not been able to come up with a compromise to bring to the next legislative session. The Department of Revenue will introduce an SST bill with a mitigation package for the negatively impacted cities. Property Tax Stabilization: This would allow taxing jurisdictions to lock in a dollar rate for a term of 1-6 years. The A WC Legislative Committee endorses the idea and a bill is being drafted to bring to the legislature. The Fire Department is also actively providing input on this issue as well. Transportation Funding: The City is joining forces with other cities to advocate for local distribution/option and increased funding for the Transportation Improvement Board. A-I Capital Projects Funding: The City is looking for funding from the state for the Joe's Creek project, the Hylebos Boardwalk, and Dumas Bay Centre. On the federal side, the City is looking for funding for]oe's Creek, the "triangle" project, and the S. 348th St. HOV lanes. Driving While License Suspended: The Department of Licensing is drafting a bill that would create an appeals process and other remedies in reaction to the decision handed down by the Supreme Court. The City Attorney will be meeting with DOL to provide input on the bill. PSRC Automatic Seats: The City is talking with the board about getting Federal Way on the list of seats as provided by the budget proviso. Staff met with PSRC executive Bob Drewel for strategies on making this happen. 30th District Legislators Meeting: Being set up by Patrick Briggs. Is typically done around early January. Mayor McColgan attending a meeting of King County mayors to draft a letter to the legislature outlining their concerns. Regional Issues: The Suburban Cities Association membership committee approved the new bylaws; the next step is for each regional caucus to choose its board members. Federal Way's region, the South region, will vote on December 8 in SeaTac. Mayor McColgan reported that he is planning on running to stay on the SCA board. c) New City Hall Update Presented by Derek Matheson Mr. Matheson gave an update to the committee. Mr. Matheson clarified that there are two methods of accounting being used. The $1 I3,409 used in the contingency fund is a projected number; the dollars given in the table on page C3 are dollars actually spent. After the project is over, any leftover amount is general fund one-time money (unrestricted funds). e) Code Amendment to Utility Tax Presented by Pat Richardson Ms. Richardson introduced the amendment to the committee. The reason for the amendment is that two of the companies in the utility tax audit have not been cooperating and this amendment will allow the city to subpoena those records. Motion toforward option 1 to thefull City Council with a "do pass" recommendation. Motion seconded and carried. f) Fleet Maintenance Update Presented by Iwen Wang Ms. Wang gave an update on the fleet maintenance project. One possibility raised in comparing the two vendors was to switch cars, so that the cars Sparks is working on would be serviced by Eagle, and vice-versa. The contracts end June 30, 2005. The committee also discussed mounted cameras in patrol vehicles and the possibility of officers purchasing "take home" cars. Mayor McColgan reported that this practice is done in Hawaii and supposedly has saved cities money. Councilmember Ferrell added that the police union has expressed interest in this idea. The issue will be raised at a future public safety committee meeting. g) 2004 Housekeeping Budget Adjustment Presented by Iwen Wang KIFrNANCEIFINCOMMT\20041112JII12J04 Minutes.doc A-2 The workers compensation adjustment is to account for major increases over the past two years; staff is considering the possibility of a retro program for workers compensation. Deputy Mayor Kochmar asked that staff set aside some time for council members to sit down with staff and discuss the strategy. Ms. Wang also clarified that the approximate $2.29 million is mostly comprised of interfund transfers and grants. Mayor McColgan requested that staff provide funding sources for each line item. Motion to forward the 2004 Housekeeping Budget Adjustment Ordinance tofull Council for approval. Motion seconded and carried. h) October 2004 Monthly financial Report Ms. Kraus reviewed the Monthly Financial Report (MFR) for October with the committee. Ms. Wang explained that the increase in police overtime is due to a recalculation of overtime to be paid to the officers. After working with the police union, checks were issued to eligible officers and each signed a release before receiving the check. Staff will back the total amount out of year 2003. City Manager Moseley reported that after speaking with the manager of The Commons, apparently the relocation of Target to the mall has helped increase foot traffic in the mall tremendously; the store itself is doing very well. Motion to accept the October 2004 Monthly Financial Report andforward to full Council for approval. Motion seconded and carried. i) Vouchers Presented by Tho Kraus Ms. Kraus presented the vouchers for approval. Motion to accept the vouchers and forward to fuLL Councilfor approval. Motion seconded and carried. 4. OTHER None. 5. fUTURE AGENDA ITEMS Chair Faison reported that on the agenda for the next FEDRAC-Economic Development meeting on December 14 would include the city center retail consultants and that the committee would invite both the King County Library Executive Director and Sound Transit's TOO Director to come to the next meeting and discuss the library moving to downtown Federal Way near the transit center. 6. NEXT SCHEDULED MEETING The December 28,2004 meeting was cancelled. The next meeting will take place January 25,2005 at 5:30 p.m. in the Hylebos Conference Room. 7. ADJOURN Chair Eric Faison adjourned the meeting at 6:37pm. Recorded by Jason Suzaka K:\FINANCE\FrNCOMMT\2004\1 123\112304 Minutes.doc A-3 CITY OF FEDERAL WAY CITY COUNCIL COMMITTEE STAFF REPORT DATE: TO: VIA: FROM: SUBJECT: January 25,2005 Finance, Economic Development and Regional Affairs Committee DavidMOS~Manager 6f'\.",,- Derek Matheson, Assistant City Manag~ - - New City Hall Project Report: November 2004 -January 2005 Policy Issue This item is information only. No action is requested. Background In November-December 2003, the City Council approved the final design for the New City Hall and authorized the City Manager to enter into project-related contracts. Council members asked staff to provide FEDRAC with periodic reports on construction activities and contracts. Between November 13, 2004, and January 18, 2005, the following activities took place: · Opened phase one, i.e., the east half of the parking annex · Awarded a contract for the evidence building (the metal structure itself) · Updated the inventory of surplus furniture in Old City Hall · Evaluated proposals for an espresso cart in the main lobby · Continued to release retainage to contractors · Continued punch list work, including furniture Phase one of parking annex was opened to employees and the public on December 27,2004. Phase two and the evidence building will be constructed this spring, in the April-May timeframe. Retaining wall work is underway, and the remaining fir tree will be removed shortly. Council will need to approve an easement so PSE can install an electric transformer that will serve the evidence building. Landscaping will be planted in the spring, as well. The punch list has dwindled from being nearly an inch thick in November to just three pages now. The only major item remaining at the flag plaza is the Patrick Maher memorial. The 2% for the Arts project continues to be delayed due to materials on backorder. Combined bids through January 20, 2005, put us $139,087 into the $640,881 contingency. This is an upward revision from the $113,409 figure in November. As staffreported in August and c.- 1 October, this revision is due to change orders that departments identified as necessary after move-in. To control costs, the City Manager's Office reviews every modification request carefully. Between November 13,2004, and January 18, 2005, the City entered into or was processing the following contracts for the New City Hall capital project: Contractor Service Amount South N Erectors Evidence building (metal structure) $113,758 Change orders signed or processed during this period include additional signage, repairs to the existing HV AC system, and miscellaneous wall changes. There were also several changes orders that extended contract expiration dates past December 31, 2004. Project expenditures through January 13, 2005, total $14,796,719, or 90% of the $16,414,251 project budget. The project budget has been revised upward from the $15,964,251 figure shown in previous reports due to the Council's appropriation of $450,000 for the evidence building. C-2 Municlpal'Facility (302-2100-101) GO Bonc1 Proceeds (1\;971 11Il(Ht~s!.YID nUll ;l002 I """r." In Excess fU lol i2()OO, ~ fansfcr.ln PS Rt~smves from General i und (Hmm Inlmnsl from CI()s(~d Out Downtown PrqeC:1 Less Lxptmdllurcs IncllrH~d prior 10 70,')] "Subtotal Balance available 111103 L oarl A!;SlImpllon Inlerest E-arnillYs rral1sfm In FlInd 50S HI~plc1ce I{SV5 I ranfer In rrom General f umt PS Sel/llw~ rVlonnG~ B1c1\1 frarl5ft..'r In i r'Om DSF - r.)(ces~; F~I ! I I rc1!1~fnr III r IOIIl hmd 101 PV"/Slw~~l~; I\UXI!I!UY Gefl(~ralor Tmm.lnr in From I und 107 GAC M()IIt'~y 'or .1 Broad::ilsl IIU"ISIt!( in From hnuJ ~)02 Intormatlon Sy!)t(~III~; J flUX ,.j ;',:. .:.OtherSources Total SourCes :;:': ~)I()~wrly AC:ClulsI11(m I'alagon BUllchng ()! mdrc,1I'11 L;.md loan Assurnphol' ClosII'Y Total Property & Building Acquisition Costs Due Diligence (594-75) ro!al Ac:quisiilon i:tlllldlllg Il1lprovmnenls. Tt~rlmlllnll.lfovemcnt~ f'loonng Mcc:hi'IIU(:al Ueell icul Technology Audio Visual rxtcrior Builc1lng Sinn, inGllax Generator FI.rrlllure Lill(k:IIC:C UIJlldlllg Total Building Improvements Slln Im~r()vomenCs Off-SIte Parku'IH fotal Site Improvements Project Related Soft Costs: WA Slale 5u!cs I ilX Nf:. (Oil-SIte I'aikll;g Included) Nl:. (AcJdlllonal Services'Relmburseablns, MOVllIlJ COSH; PIC)ICcl PJ!a.nagt~r Advertising. UIl1chnq C()~ls . lripling. l~fdimburscahlns '1 estlng ?:~l for tho ..\rts Slartup M&O costs dllnn~) cOllstruc;llorl Subtotal Soft Costs Continllency Contingency Total Construction Costs Total Muncipal Facility Expenditure Revenues Over/(Under) Eltpendituros '. Total Project Budget .... 4 500 000 1474.1lI2 1.2[12000 305207 3n(l.4?4 ( 130.4331 7,807,3.90 6.1G8.5!l9 131.0032 fl09.000 Budget Adjusted Adjuslmt Project Budget 4,500.000 1.474,192 1.292.000 n1B.20D 968.407 366.424 (130.433) 663,200 8,470,590 6.168.599 131.062 BO'J,OOO 200 000 200.000 ?~i).o()n 110,000 100.000 1n>l)()() ~1~~;6!1..,:' ~';~SO,OOO 15,301,051:" ,1,113,200 7 :~6~ 572 470000 flU, HI 1 44.346 7,948,099 78,266 8,026.365 2.229,1!11 (ifj3.2.iO 313,605 304.0;'1 579.715 311.850 4(;5.0()() 30.464 B!J.600 4:m :145 450.0m 4,758,901 1,113,200 3Ifj.2~)U 316,258 ~04,!l33 604.648 50.()OO 800()() 40,000 8.648 2fl.827 4,fJ05 23umO 4110~. '.. . 1,558,64& 640.8U 1 640,881 15,301,051 7,274,686 1,113,200 1,113,200 (0) 250.000 110,000 100,000 175.000 7,943,661 16,414,251 7,365,572 4 "10,000 011.181 44,346 7, 94ll ,099 78,266 8,026,365 2,892,391 313,685 304,051 579.715 311.850 465,000 30,464 85,600 439.345 450,000 5,872,1Iu 316.258 316,258 504.933 604,648 50,000 80,000 40,000 8.648 28 ,827 4,805 231,980 4,805 1,558,64& 640,881 640,881 8,387,886 16,414,251 Property Acquisition - Charge to 302-2100-101-594-75-xxx Conslruction/Tenanllmprovements - Charge to 302-21 00-1 01-594-76-xxx 2003 Actuals 4 lJOO.OOO 1474.H)? 1.2!l2.000 305.201 :liiG,424 (130.433; 7,807,390 0.10a.5,,9 116.102 IIml,OOO 11O.0t10 100.0()O 1-'5,Oi)0 . 7,47~, 701 15,286,091 7.3G5.572 4 "la,OOO G8.133 8.864 7,912,569 4ll,209 7 ~9~0,778 :1521()6 19,294 371,460 402,085 8,362,863 (0) 6,923,228 2!i.1~)2 4472 30,624 Preliminary 2004 Actuals 71:l.31lJ 713,370 1:\1.0nl I~,O.OO(J 2!,O 000 531,081 1,244,451 46tH nOG 81;5.358 20 I 3:11 5,743,385 412 !Jill 27i.ij~)5 690,471 6,433,857 6,433.857 1,733,823 o (1) 4,500,000 1,474,192 1.292,000 1.018,577 366,424 (130,433) B,520,760 6,.168.599 247,183 809.000 150,000 250.000 110,000 100,000 175.000 8,009.7B~!>t '::'(';:'66.121 Life- To-Date Actuals 16,530,542 7,365.572 470,000 68,133 8.864 7,912,569 48,209 7,960,778 4,702,849 865,358 205,803 5, 'nJ,009 764,982 296,949 :1,061,932 ."" . ~ " 6,835,941 14,796,719 1,733,823 (1) o Please note - the bodgeted expenditure categories are detailed, whereas the actual charges are more general. Project manager, if you woold like to see the actoals classified according to budget. please identify where the actual expenditures should be shown on this spreadsheet. - Thanks. Tho. r,~ Balance 50.170 . SO,170 o 115.121 (!,() ()()O) . 116,291 413 35,482 35,530 30,057 65,587 (1.1l10.458) 313,685 304.051 !i7H.7E) 311.fJ50 (400.35!li 30.464 H~d)OO 233.542 4!,().()()() 9B,092 31~1.25A "':'1 316,258 504,!l33 (160.334) SO.OOll 80.000 40,000 8.648 28.827 4.80~ ":'" 231,980 4.AO~ (295.()49) . .. 496,714 640.881 640,881 1,551,945 1,&17,532 o CITY OF FEDERAL WAY CITY COUNCIL COMMITTEE STAFF REPORT DATE: TO: VIA: FROM: SUBJECT: January 25, 2005 Finance, Economic Development and Regional Affairs Committee David H. ~Manager Rob Van Orso~ ;olid ;"aste & Recycling Coordinator Renegotiation of the Solid Waste Interlocal Agreement with King County POLICY QUESTION Shall the City of Federal Way request renegotiation of the Solid Waste Interlocal Agreement with King County during the current 'review/renegotiation' period? BACKGROUND The Solid Waste Interlocal Agreement (SWIA) originally executed by the City of Federal Way and King County in February 1990 contains provisions that allow either party to request the review and/or renegotiation of specific agreement provisions. The period for requesting a review and/or renegotiation occurs once every five years, tied to the date and year of contract execution. For the City of Federal Way, the current period for filing requests for SWIA review and renegotiation is open through February 2005. Some of the issues that could potentially be addressed through the 'review/renegotiation' process include adjusting the term of the agreement, the structure of the Solid Waste Interlocal Forum, and the manner in which rates are . developed for regional solid waste disposal services. In keeping with the corresponding execution dates of their original Solid Waste Interlocal Agreement, a group of other cities filed 'review/renegotiation' requests for their respective Solid Waste Interlocal Agreements in mid- 2003. The cities' requests resulted from opposition to two actions made by the King County Executive and King County Council. One action concerned waste export (i.e. purchasing a potential waste export 'intermodal' site on Harbor Island). The other action impacted budgeting (i.e. initiating large rent assessments on the Cedar Hills Landfill, which transferred utility funds to the County's general fund). Cities voiced their opposition to these actions via the Suburban Cities Association and the Regional Policy Committee. This opposition led to a process between the cities and King County that included joint drafting of Ordinance 14971, which was passed by the County Council in July 2004. Ordinance 14971 establishes how the current regional solid waste planning process will be accomplished, which parties have responsibilities to participate, and the timing for the phases of the planning process. Significantly, the Ordinance forms the Metropolitan Solid Waste Management Advisory Committee (MSWMAC), which will facilitate cities providing policy input into solid waste planning. In November 2004, the City Council appointed Deputy Mayor Kochmar to the MSWMAC, with Public Works Director Roe as alternate. The Ordinance also legitimized the ongoing function of the Interjurisdictional Technical Staff Group (lTSG) which involves staff from four government entities (Cities, County Division staff, County Council staff, and County Executive staff) to coordinate work on technical aspects of solid waste planning.. Ordinance 14971 provides direction on several components: Review of the solid waste transfer system, Development of a waste export plan and timing, Enhancing city participation in solid waste planning (via MSWMAC and ITSG) Initiating the update of the Comprehensive SW Management Plan V--I Defining the function ofInteIjurisdictional Technical Staff Group (ITS G) Developing recommendations for modification / replacement of Solid Waste Interlocal Forum (SWIF) and changes to the Solid Waste Interlocal Agreement (SWIA) This last component will become the focus of the MSWMAC as it engages in its 2005 work plan. The Ordinance also specifically allows all cities that request review and renegotiation during their 'review/renegotiation' period to engage in informal discussions regarding potential changes to the SWIA. The cities involved in this process have proposed that any favorable changes to the SWIA apply to all cities via a 'favored nations' clause. OPTIONS 1. Authorizing the City Manager to send correspondence to the County Executive to formally request review and/or renegotiation ofthe Solid Waste Interlocal Agreement between the City of Federal Way and King County during the current 'review/renegotiation' period. The request will also underscore the City of Federal Way's primary intention to participate in the Metropolitan Solid Waste Management Advi~ory Committee (MSWMAC) forum and its related discussions regarding potential changes to the Solid Waste Interlocal Agreement. Regardless of whether or not the City of Federal Way exercises its SWIA 'review/renegotiation', via MSWMAC, Federal Way will be engaged with other cities in developing recommendations to improve the Solid Waste Interlocal Forum and the SWIA. However, PW staff recommends exercising the 'review/renegotiation' option simply to maintain some collective pressure on King County, and to keep options open - for example, if formal SWIA negotiations occur with larger cities outside the context of Ordinance 14971, or outside ofthe MSWMAC forum. This scenario could occur if a larger city, or group oflarger cities, were to distance itself from the MSWMAC forum, and instead negotiate for more solid waste autonomy on their own. 2. Do not authorize the City Manager to send correspondence to the County Executive to formally request review and/or renegotiation of the Solid Waste Interlocal Agreement between the City of Federal Way and King County during the current 'review/renegotiation' period. With Option 2, no City Council action is required, although the City of Federal Way would continue to participate in the Metropolitan Solid Waste Management Advisory Committee (MSWMAC) forum. STAFF RECOMMENDATION Staff recommends forwarding Option 1 to the February 15, 2005 City Council Consent Agenda for approval: Authorizing the City Manager to send correspondence to the County Executive to formally request review and/or renegotiation of the Solid Waste Interlocal Agreement between the City of Federal Way and King County during the current 'review/renegotiation' period. The request will also underscore the City of Federal Way's primary intention to participate in the Metropolitan Solid Waste Management Advisory Committee (MSWMAC) forum and its related discussions regarding potential changes to the Solid Waste Interlocal Agreement. COMMITTEE RECOMMENDATION Forward the above staff recommendation to the February 15, 2004 City Council Consent Agenda. APPROVAL OF COMMITTEE REI)ORT; 'I :{,. '~", COlTimittee Chair . Committee Member Cominittee M~rnber . k:\fedc\200S\1-2S-0S swia renegotiation template. doc D- 2 CITY OF FEDERAL WAY MEMORANDUM Date: To: Via: From: Subject: January 20,2005 Finance, Economic Development and Regional Affairs Committee David H. Mos ity Manager Patrick Dohe y t irector, Community Development Services Han Woo-Ri - orthwest Korean Sports and Cultural Festival Update POLICY QUESTION The status ofthe Han Woo-Ri Festival planning, production, sponsorships and budget projections. BACKGROUND Since the November 2,2004 City Council final approval of the City's contribution of up to $176, 000 in lodging tax revenues to produce the Han Woo-Ri Festival, substantial progress has been made on the planning and production of the event, slated for May Il- 15,2005. The Festival has grown substantially in both programmatic scope, span of time and budget. The program can be summarized as follows: Seattle International Children's Festival (SCIF) On Wednesday and Thursday, May 11 th and lih the SCIF will be cosponsoring a satellite of its internationally acclaimed, Seattle-based children's festival here in Federal Way, with two days of performances for local school children. Each day will include two performances separated by a lunch period to be offered under the big tent for the Festival. Performers will include Guwoonmong, a music/dance troupe that melds classical and modern performance and Balkwang, a high-energy, contemporary percussion and dance troupe, as well as local performers. The event producers have had very productive talks with the Federal Way School District, with Superintendent Murphy providing support and sharing this opportunity with his principals this month to allow ample time for teachers to plan for their classes to be able to attend. Ticket prices will coincide with regular SCIF ticket pricing at $7.50 for one performance, $l2.50 for two, with half-off subsidy for those students otherwise eligible for hot-lunch subsidies. El Memo to FEDRAC, 1/20/05 Han Woo-Ri Festival Update Page 2 of 4 Seattle International Film Festival (SIFF) SIFF is similarly cosponsoring a "Korean film showcase" as an affiliate ofthe nation's largest and most-attended film festival. The intent is to provide two evenings of film, including documentary, big budget and animation film from Korea. The schedule is not finalized, but current thoughts are to hold the film showcase on Wednesday evening and Friday evening. The venue will be the Galaxy Cinemas at Gateway Center. Ticketing for the film program will be $5 per film. Opening Night Gala Thursday evening, May Ith is slated for the Opening Night Gala, intended to be a semiformal affair with distinguished guests, visiting dignitaries and a sampler of all the performers under the big top with very elegant food, drinks and decor. The intent is to offer this event at a $75 ticket price, with hopes to clear approximately $40 per person net as a fund-raiser for the Festival. Festival Program During the daytime Friday, Saturday and Sunday, the main tent venue will be open and fully outfitted with a complement of performance, hands-on activities, exhibits, images, food, informational and expository booths, etc. The intent is to provide a cohesive, multisensory experience of all things Korean! The program will be punctuated by 20- minute performances by the main headliners - Guwoonmong, Bulkwang and the Gangwan Province visiting Performing Troupe, interspersed with local/regional performers, Tae Kwan Do demonstrations, etc. The intent is to have something going on under the tent at all times during the 10:00 am to 5:00 pm day. Current plans are to offer admission on a "musewn gate" basis, with a requested admission donation of $5 per person over 1 0 years of age. Evening Program During Friday and Saturday evenings the intent is offer a more theatrical experience on the main stage under the main tent. One night will showcase one of the visiting performing troupes, with a shorter sampler ofthe other troupes and/or local/regional performers, with the other night showcasing another. The idea is to present a theatrical offering not otherwise available during the daytime festival format and to counterpose one night's content against the other's. The evening program is intended to be ticketed at approximately $15 for adults and $7.50 for children. Golf Exhibition and Tournament The golf component ofthe Festival is intended to take two forms: an exhibition game between UW players and the visiting Korean national amateur team on Friday, and a open tournament on Saturday. Golf play will occur at Washington National Golf Course in Auburn. Saturday's open tournament will be preceded by a "clinic" with the Korean [1, Memo to FEDRAC, 1/20/05 Han Woo-Ri Festival Update Page 3 of 4 team and local youngsters and a lunch before the "shot-gun" format tournament. A "pro- am" format within the open will allow local players to join in foursomes with one Korean national team member. Entry fees are currently planned as $125 for most tournament players and $250 for those players wishing to play in one ofthe foursomes including a Korean team member. Other components of the tournament will be hole-in prize play. Soccer Tournament From Friday to Sunday the Festival will include a "Korean-American Cup" soccer tournament, intended to include two general brackets: "old boy" players from Korean and non-Korean leagues from throughout the Northwest, and youth players. Play will be held at Celebration Park. Minimal entry fees are envisioned, though not yet fully set, but this tournament is intended simply to break even financially. Bonsai Another cosponsor of the event is the Weyerhaeuser Company who intends to sponsor the inclusion of a Bonsai master from Korea who has previously donated a very elegant bonsai masterpiece Yew tree to the Pacific Rim Bonsai Collection. The Collection will be highlighted in conjunction with the Festival, as well as showcasing the Master during the Festival under the big tent. Please see the attached diagrams that illustrate the big tent and its programming. Budget Attached you will also find a large 11" x 17" spreadsheet that summarizes both the "original budget" from May of last year and the updated current budget for the Festival. In short, you will notice that the overall budget has approximately doubled since that time. This is due to many factors, including a substantial expansion of the overall Festival program and a more market-tested reckoning of actual production and staffing costs, now that bids have Iiow been received, etc. You will also notice, however, that the City's contribution to the Festival remains the same, at $176,000, as approved last year. The attached budget spreadsheet also indicates that corporate sponsorships and government grants are intended to increase substantially, as well, in order to balance the budget, which you will see is balanced at the bottom line. Current committed sponsors include the following: Asiana Airlines: Korea Foundation: King County: Weyerhaeuser: $35,000 $30,000 $50,000 $ 1,500 ~~ Memo to FEDRAC, 1/20/05 Han Woo-Ri Festival Update Page 4 of 4 This leaves a total of additional sponsorships needed of approximately $96,500. Many more sponsorships proposals are under consideration, including several major corporate sponsors, as well as governmental and other agencies, with a total amount requested far in excess of this amount. Current estimates are that this additional amount of sponsorship/grant revenue will indeed be achievable. However, as a safety measure, the event producers have set a deadline of the end of February to review the total sponsorship revenues and propose to the Festival's Executive Committee potential programmatic cutbacks to remain under budget. The intent will be to identify one or two programmatic components that have the highest cost and/or generate the least revenue. Backfill will be done with local/regional performers or athletes in that case. LTAC REVIEW LTAC reviewed the program and budget at its January 14,2005 meeting and indicated its support for the Festival, while offering to provide any additional assistance to the City or Festival Executive Committee to ensure that the Festival come off as planned and remain under budget. COMMITTEE ACTION No action required. v-r Attendance / Ticketing Projections - 01/12/05 Attendance Proiections - Main Tent 1440 School Programs (60% cap.) 360 Opening Night Concert (60% cap.) 720 Evening Concerts (60% cap.) 9984 Daytime Festival (80% attendance) 12504 Total Attendance Daily Daytime Festival Proiections - Main Tent 3328 Each Day Daytime Festival Attendance 1098 1/3 kids 2196 2/3 adults Admission Pricin 0 tions for the Festival Events - Main Tent This Plan is BlJtfg~ted .'" .' ", Mu~et.Jm Gate Mixed wi Weekend Pass $S<icfult$ '}i:' . . .. .. .. $0 kids.;!;f';: $Hjpas~s;'f . . . . . . . ",' " . ~ . ~t4,823 2196 adults/da~"l(7.S%singletix 3~ys x$Spp x60% paying. . . .... .-::" . . '." .. . . ."..;:-," " ," ",: " $5:490 2196 x25%passes@ $10 w:eekendpass cost \; $20;313 . #2 Museum Gate $S adults $0 kids $19,764 2196 adults/day x3dys x$5pp x60% paying #3 Fully Paid Admissions $5 adults $2 kids $24,705 2196 adults/day x3dys x$Spp x2S% lower attendance $4,941 1098 kids/day x3dys x$2pp x25% lower attendance $29,646 #4 Free, No Admission Cost $0 adults $0 kids $0 Admission Pricin for Other Events - Main Tent These Plan$~r~'Budgeted '.' ". ....... ,; , Evening Program (ldys l( 600 capaCity x $12 ave tix x 60%h6li$e).'" '" Opening Nite(600 capa~ity 1'. $75 .avetix x 60% house)($40netp(Qfit/.ti~) SICF Pro ram t 5 x 2shows x 600 ca acit x $5 ave tix x 60% house . Iota~ $8,640 $27,000 7200 ($125 tickets = $45K) Admission Pricin for Off -- Site Events ThesePlans~are Budgeted Golf T o_url1ament....; Pricing ProAm Format ($250 x 48ppl) Hole-in-One ($10pp xSOpeople) Add-in Jr. Clinic ($50pp x30pe9ple) Shotgun fees ($125pp X 82peQple) $12,000 $500 $1,500 . . d, HQ,25.Q (1QxcomrS) $24,250 fjlm Festival - Pricing Tickets (300seats'x 6 shows x $5pp x 50% attendance) $4,500 Soccer Tournament - Pricing TBD Net breakeven) o f,S ,6 ,S l ,22 ,172 -, ~ Q) Q) :> "0 Vi "'"' ..c Q) 0> U (i: C Q) ro L.- a (/l ..... I :J C N 0 W :r: o I co c o -'~ a. o ,92 " ~ Q) :> Q) "0 Vi Q) u c ro L.- ..... C UJ >. a. o c u~ c c _oQ 0 "'"'''0 a.cu OL.- Q) "'"' c Q) U c..,. {I:J ~ o \0 ~ N ~ ~ ~ ::g~ ~~ ~~~ o~ . \auu ~oo~ ",,0 v NUS ~\O c<.l .. 0 c ~ E c<.l._ ~ Of-oLL: o rr> a co :Q c 0 0 ~ .- -..... "'"' vi ,172 a. ~ c 0 u 0 cu'- 'U:g E Q) E ~ 0 e .- , .....-0 C. ,S2 - "0-0 en 0 ..- .!!,!= c:: ro 0 co u~ (/l L- U (/l 0 0 c 0 o~ 0 c Oin L- c 0 - .Q Q)"- X "'"' E - a. 0_ (V) 0 0 "0-0 0 = -0 N 0 <(<( ~ '- w ft, 1I0-,L u c o >. -'~ a. a. 0 o C <( ~ C C ~_.Q 0 ....."0 a.Q) o L.- cu ..... C Q) U ,172 . .';_~".::", , .: ~""t F ~ I\dlJJ o 0) l>-:7 E o o cc OJ c '(jj VI Q) L- a E o o cc OJ c '(jj VI Q) L- a ~ r.i!;h~r"'3-!tlfJtt~,:::t::: =-=-~--...~ 1:JH..>::I~oI~~ -0- VI ..c:..c:0 '&""""""0 ~g 00 .oOCO .0 ro 01f)Q) ..-..-1.- XX<( 00>. ..-..-...... ON .5 N ',p U <( ~ €: =='--V -~- ~ . "'fi"O'I"'ii'i".lIlC.L. ,. :'" " ~1I:1I()1I11ij" elM 4.02 ssnJl - adeJp eoels .Oc. 6Xv 4:>al. ~ . 0 2 , '" Ifi!hN ~~~ ---- - - ~- IiI!'iI ~....----- m::::.-.::-..= -------. = L- Q) o Ol "U ell c: L- Q) 0 >t) 'S Q ~ c:u ~ "Ca j;l- ..... ~ '? ~ ~rl"~" ~:t.; lJ) ~ r';~ ~ .. ~~~ - \0 ti'" ~ lJ) ;U ,-("8 ~~ t';j '. s::: ;U Q) Q) Cd .5 :-= ClE-<u.. 1111l- ----~-- Q) ---- ~ -- u i= p~d.Ol co If) ___00 ~Ir Hlln. \Noo ;.ft\ r-l71lc if it 1 P~~t ~ May.04 Jan 05 Estimate bv Proaram Budget Total General local Droa BalkWana GanaWanOoJuwoonmonl Bonsai Film Golf Soccer Trmt Soccer Cel soccer GR TaeKwonDo Program group/size Gala 10 30 7 1 12 15 1 21 Expenses Marketing Graphics Design 5,000 5,000 5,000 Press Releases/Kits 1,500 1,500 1,500 Promotion Printing 2,700 3,400 3,400 $500 mise included In general Poster 5,000 5,000 5,000 Advertising 10,000 15,000 15,000 Documentation 1,000 1,000 1,000 Press Relations 500 500 500 Sponsor Relations 1,000 2,000 2,000 Public Information 500 500 500 Promotional Admin/straive 800 1,600 1,600 July Communications Addition 2,000 2,000 Programing 5,000 5,000 Talent Fees 12,000 26,200 10,000 14,000 1,200 - 1,000 Travel/Airfare 8,000 46,000 10,000 - 7,000 1,000 12,000 15,000 Hotel 85 3,000 1,000 13,770 2,975 1,190 2,380 425 - 6,375 425 Perdlem 2,000 12,200 2,100 5,250 1,225 125 1,500 1,875 125 Local Transport - in general Visa 6,070 2,850 - 3,220 Backline 2,000 2,000 in general Translator - Local Performers Childred's festival 400 400 Festival Program 2,600 2,600 Evening Theatrical Program 1,000 1,000 Other local program 5,000 5,000 Reception/catering 13,440 840 300 no bgt 12,60 Film 1,000 1,000 Trade Show Awards 125 3,000 1,500 1,500 200 no bgt staff/referree 2,800 2,800 Production and Operations Expeses Admissions 9,275 5.000 5,000 Merchantdise 16,000 16,000 Production Adm 800 1,700 700 1,000 3000 delet Venue Tent-Main 22,890 22,890 Tent-Other 2,000 2,000 Site Fee 8,000 5,000 3,000 Golf/Soccer Venue 11,620 10,620 1,000 Site prep 2,500 2,500 Generators - Power Dlstro-site 2,000 2,000 Power Distro-interlor 800 800 Lighting-interior 1,500 1,500 Lighting exler/os 800 800 Mise Rentals .table/chair 1,500 1,500 Transportation Van rental (1 x) 500 500 500 Included In general Van other (2x) 500 500 Driver (2 people x 9 days x $100/day) In crew Driver other (2x)(inklnd) 500 500 Fuel 500 500 Translation team . Security & Public Safety 2,000 3,150 3,150 Perimeter 250 250 Stage/LighVSound 4,000 - Stage-Maln/lOcal/demo 3,000 3,000 L1ghts-Main/local/demo 4,000 4,000 Sound-Mainllocal/demo 9,500 9,500 Stage labor 6,000 6,000 Mise Rentals-floor/hardware 500 500 Stage Backdrops 800 - Softgoods 2,000 2,000 Decor 500 500 Electrical 1,200 in dist Catering 800 800 800 Site Production 5,000 - Crew 3,000 10,072 10,072 Site EnchacemenVDecor 2,000 1,500 1,500 3000 delet Concessions/Signage 500 2,000 2,000 Booth & Displays 1,000 500 500 Finance and Banking 500 150 150 InsurancefTaxes/Professional Fees 1,000 1,000 Various/Other 125 125 Subtotal All Pronram Cost 84 000 301 337 145237 9000 29 925 6440 24 605 2750 4000 29 680 5000 29 550 2550 1260 Contingency 13,636 23,608 23,608 TW OH/Profit @22% 40,499 57,132 57,132 Planning Staff 37,700 37,700 37,700 The Workshop Fee 48.750 48,750 48,750 Sponsorship Commission 15,300 15,300 City Coordinator 25 000 25 000 25 000 Subtotal soft costs 165 585 207 490 207 490 - - - - - - - Subtotal Exn 249 585 508 827 352 727 9000 29 925 6440 24 605 2750 4000 29 680 5000 29 550 2550 1260 In-kind Offset (21,000) - Sears Site rental (5,000) (5,000) Other (500) (500) Travel - - site (2,080) - (1,080) (1,000) driver (500) (500) vans (1,000) (1,000) Asiana Airlines (in-kind) (20,000) (20,000) . catering (1,200) (800) (400) additional In-kind needed i8000 180001 Subtotal soft costs 121000 138,280 (35 300) 7500\ 71480 1000) - Grand Total EX!> 228 585 470 547 317427 9000 29 925 6440 24 605 2750 3500 26 200 5000 26 550 2550 1260 Revenue City/LTAX 176,000 176,000 176,000 Sponsorship (net) 30,000 Weyerhauser 1,500 1,500 Aslana Airlines (cash) 15,000 15,000 Additional sponsorships 58,500 25,000 33,,500 Grants 1 16,000 - . - . Korea Foundation 30,000 30,000 King County 50,000 50,000 Add'! Government 25,000 25,000 Other Foundation . Consesslon Booth ($200x1 0 +15O~ 3,000 4,250 4,250 Merchandise ($5 profit on 1000 sa 21,000 21,000 Ticket Sales - Childern's Festival 7,200 - 7,200 Evening Programs 4,000 8,640 4,320 4,320 Oaytime Sales (museum gate 5 20.313 20,313 Film sales 4,500 4,500 Tournament Fee, add $5k 28,250 23,250 5,000 Ooenlno nloht oala/fund raiser 27,000 2700 Grand Total Rev 229 000 477 153 . 336 563 7200 4320 4320 30 000 1500 4500 23 250 5000 33 500 - 2700 ProfltlLoss 415 6606 19 136 1800\ 25 605\ 2120\ 5395 11250\ 1000 14950 4950 2550 1440 Additional Revenue needed _I TW assum """~,("",,,,,,~,,;""".I,,..........~"........,,,,,,,,,u_w,,....~.,......,,,,,.I~,.,,_,,.I,~""",.,,......,....",.. ,~'",~'M""",""'" ,~,,,'....,.,,,~,,""'" .'.~",\... ""'""",....~....;,~",". """;,:,~";"_,,,,",,,':'.;,, ". L,.,.,.~.".;,...";,;".",, _...I.L~..;.:,."",~.....w.~........Il"",..r..;,"';;.:.'>i.,".~""lt;,.~........'..",,, CITY OF FEDERAL WAY MEMORANDUM DATE: January 20, 2005 TO: Finance, Economic Development and Regional Affairs Committee SUBJECT: David Moseley, City Manager Patrick DOh~nomic DevelopmentDirector Addition of Members to Lodging Tax Advisory Committee VIA: FROM: Policy Ouestion Should membership on the Lodging Tax Advisory Committee (LTAC) be increased from five to seven members? Background At its December 7,2004 meeting, the City Council approved changes to the Federal Way City Code (FWCC) to allow more than five members on the L T AC. FWCC Section 2-95.5 ("Changes to membership") provides the following language: The council may review the membership of the committee annually, and make such changes as the council may deem appropriate. The total number of members may be increased or decreased at the time of the annual review, by motion of the council duly adopted, but the number of members shall not be less than five. Proposal Ootion 1. Add two more members to the L T AC, one representing businesses in the lodging industry and one representing organizations that promote tourism. Pros: Currently there are several qualified individuals who have either applied or have indicated interest in applying to sit on the L T AC. By increasing the membership to seven, the City will benefit from greater community representation. Cons: No clear negative consequences. Qption 2. Leave the LTAC membership unchanged at five members. Pros: Maintains a smaller, streamlined group. 'FI FEDRAC memo LTAC Changes 1112/04 Page 20f2 Cons: Does not take advantage ofthe full amount of qualified individuals and greater community representation possible with seven members. L T AC Recommendation. At its January 14, 2005 meeting, the L T AC recommended to approve Option 1. Committee Recommendation Forward Option _ to the full City Council for approval on February 1, 2005. APPROVAL BY COMl\1ITTEE: Committee Chair Committee Member _. Committee Member ~7- ~ CITY OF ~,.; Federal Way MEMORANDUM Date: January 25, 2005 To: Finance, Economic Development & Regional Affairs Conunittee Via: From: David Moseley, City Manager Tho Kraus, Finance Manager Subject: Preliminary December 2004 Quarterly Financial Report Action Requested: Accept the Preliminary December 2004 Quarterly Financial Report and forward to the February 15th Council meeting for full Council approval. ApPROV ALOF COMMITTEE ACtiON: Committee Chair Committee Member Committee Member K:\FIN\MFR\MFRFEDRACCYR.DOC &1 MEETING DATE: February 15,2005 ITEM# CITY OF FEDERAL WAY City Council AGENDA BILL SUBJECT: Preliminary December 2004 Quarterly Financial Report CATEGORY: BUDGET IMPACT: [8'J CONSENT D RESOLUTION D CITY COUNCIL BUSINESS D ORDINANCE D PUBLIC HEARING D OTHER Amount Budgeted: Expenditure Amt.: Contingency Req'd: $ $ $ ATTACHMENTS: Preliminary December 2004 Quarterly Financial Report SUMMARYIBACKGROUND: CITY COUNCIL COM:MITTEE RECOMMENDATION: Was reviewed at the Finance, Economic Development and Regional Affairs Committee at their January 25th meeting. PROPOSED MOTION: "1 move for the approval of the Preliminary December 2004 Quarterly Financial Report." CITY MANAGER APPROVAL: (BELOW TO BE COMPLETED BY CITY CLERKS OFFICE) COUNCIL ACTION: D APPROVED D DENIED D T ABLEDIDEFERRED/NO ACTION D MOVED TO SECOND READING (ordinances only) COUNCIL BILL # 1 ST reading Enactment reading ORDINANCE # RESOLUTION # REVISED - 05/10/2001 G2. City of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report ~ CITY OF ~ Federal Way Quarterly Financial Report - December, 2004 YTD Operating Revenues vs Operating Expenditures Thru December 60.0 55.0 --- 50.0 .. 45.0 .... c 40.0 ~ 35.0 30.0 :E 25.0 ~ 20.0 15.0 10.0 5.0 - 1999 2000 2001 2002 2003 2004 I -+- REVENUES -- EXPENDITURES OVERVIEW The Quarterly Financial Report is intended to provide an overview of fmancial activity that has taken place in the reporting period. This report focuses mainly on activity incurred in the following operating funds: General, Street, Arterial Street, Utility Tax Projects, Solid Waste & Recycling, HotellMotel Lodging Tax, Paths & Trails, Surface Water Management, Debt Service, and Dumas Bay Center. The Summary of Sources and Uses (Attachment A) captures fmancial activity through December for the years 1999 through 2004. This is a preliminary year-end Quarterly Financial Report and includes activity through December 31 st. It does not include accrual activity or accounts payable invoices paid in January for 2004 activity. A final report will be issued in February, 2005 and will include accruals and any 2004 activity recorded subsequent to this report. OPERATING REVENUES Operating funds revenue collections through December total $46.5M which is $85l.3K or 1.9% above the ytd budget of $45.7M. Of this amount, $1.42M is related to Utility taxes and REET that are reserved for the payment of debt services. Attachment A provides a comparison ofYTD revenues by major sources for 2004 with comparative figures for the past five years. G3 Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report REVENUE SUMMARY BY MAJOR REVENUE SOURCES Period Ending December 31, 2004 2004 Revised Budget Actuals Variance 2002 2003 Through Through Favorable (Unfavorable) Sources Actual Actual Annual December December Dollars ($) Percent (%) Property Taxes $ 7,644,130 $ 7,951,964 $ 8,107,771 $ 8,107,771 $ 8,120,976 13,205 0.2% Isales Tax 10,773,246 10,518,231 10,835,153 10,835,153 10,536,297 (298,856) -2.8% Hotel/Motel Lodging Tax 129,299 142,041 134,000 134,000 141,737 7,737 5.8% !criminal Justice Sales Tax 1,600,854 1,596,387 1,714,051 1,714,051 1,639,478 (74,573) -4.4% Intergovernmental 3,545,956 2;857,314 2,810,601 2,810,601 2,822,588 11,987 0.4% Real Estate Excise Tax 2,517,473 2,851,386 1,900,000 1,900,000 3,057,745 1,157,745 60.9% Gambling Taxes 1,926,443 1,803,996 1,850,000 1,850,000 1,419,973 (430,027) -23.2% Utility Taxes 6,156,679 6,984,127 7,253,021 7,253,021 7,512,343 259,322 3.6% ('ourt Revenue 1,047,397 1,239,552 1,275,975 1,275,975 1,186,792 (89,183) -7.0% Building Permits/Fees-CD 1,488,826 1,293,244 1,194,009 1,194,009 1,554,493 360,485 30.2% Expedited Review Fees-CD 188,379 214,464 - - 64,856 64,856 n1a ROW Permits/Fees-PW 299,479 396,240 377,296 377,296 291,275 (86,021) -22.8% Expedited Review Fees-PW 47,853 32,066 - - 31,518 31,518 n1a Licenses 157,512 117,191 142,100 142,100 177 ,495 35,395 24.9% Franchise Fees 616,668 671,975 653,062 653,062 700,714 47,652 7.3% Passport Agency Fees - - - - 57,910 57,910 n1a Recreation Fees 617,179 727,496 934,950 934,950 846,176 (88,774) -9.5% Dumas Bay Centre 509,554 462,285 500,250 500,250 481,137 (19,113) -3.8% Knutzen Family Theatre 80,308 113,165 76,601 76,601 95,544 18,943 24.7% Interest Earnings 445,160 510,462 632,180 632,180 213,693 (418,487) -66.2% Admin/Cash Mgmt Fees 480,748 526,592 542,000 542,000 541 ,495 (505) -0.1% ~WMFees 3,087,207 3,397,997 3,437,136 3,437,136 3,517,129 79,993 2.3% Refuse Collection Fees 187,725 163,458 168,545 168,545 179,076 10,531 6.2% Police Services 699,185 974,849 1,011,899 1,011,899 1,247,713 235,815 23.3% Miscellaneous/Other 129,182 105,681 111,349 111,349 75,101 (36,248) -32.6% ubtotal Operating Revenues 44,376,443 45,652,162 45,661,949 45,661,949 46,513,255 851,307 1.9~. ther Financing Sources 4,634,062 14,662,034 8,803,725 9,118,319 9,118,319 - 0.0% otal Revenues & Other Sources $ 49,010,505 $ 60,314,196 $ 54,465,674 $ 54,780,268 $ 55,631,575 $ 851,307 1.6"1c Gi 2 Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report Real Estate Excise Tax To date, REET of$3.06M is above the ytd budget of$1.9M by $1.16M or 61%. Compared to 2003, collections are up $206K or 7.2%. December's receipt of $300K is $132K above the montWy estimate and includes a total of 283 real estate transactions, of which 103 were tax exempt and of remaining 180, 16 were mobile home sales. The largest transactions in the current month consist of the sale of Crestview West Apartment @ 27900 Pac Hwy S, Forest Park Office Bldg @ 33310 9th Ave S, Saltwater Park Apartment @ 28620 Pac Hwy S, Grand Central Sauna & Hot Tub Store @ 32510 Pac Hwy S, and Eton Technical Institute @ 31919 6th Ave S. REAL ESTATE EXCISE TAX REVENUES Year-ta-date thru December 1999 2000 2001 2002 2003 2004 2004 Budget Month Actual Actual Actual Actual Actual Budget. Actual $Var "Var an $ 289,269 $ 1 03,300 $ 92,006 $ 114,439 $ 307,354 $ 139,064 $ 122,026 $ (17,038) -12.3% Feb 65,939 103,388 80,019 112,868 338,361 105,244 147,294 42,050 40.0% Mar 80,862 166,189 174,165 247,357 129,942 119,792 199,576 79,784 66.6% II.pr 203,522 166,725 124,749 152,735 193,685 135,090 243,531 108,441 80.3% May 169,610 183,110 139,014 329,252 196,095 161,178 182,533 21,355 13.2% Jun 162,569 182,137 230,600 255,814 219,314 179,449 604,017 424,568 236.6% ul 278,955 323,080 154,965 162,739 271,561 200,988 285,928 84,940 42.3% Aug 194,853 203,678 168,149 263,742 262,023 190,360 205,322 14,962 7.9% Sep 326,168 163,636 361,664 132,484 349,883 198,900 279,951 81,051 40.7% Oct . 279,424 299,621 148,307 210,334 211,217 182,866 199,627 16,761 9.2% Nov 209,096 101,804 155,743 116,037 155,412 119,118 288,344 169,226 142.1% Dee 177,881 153,124 168,156 419,672 216,540 167,951 299,596 131,645 78.4% YTD Total $ 2,438,148 $ 2,149,790 $ 1,997,537 $ 2,517,473 $ 2,851,386 $ 1,900,000 $ 3,057,745 $ 1,157,745 60.9"1. Annual Total $ 2,438,148 $ 2,149,790 $ 1,997,537 $ 2,517,473 $ 2,851,386 $ 1,900,000 $ 3,057,745 YTD Est. RE Value $ 487,629,564 $ 429,958,072 $ 399,507,302 $ 503,494,576 $ 570,277,248 $ 380,000,000 $ 611,549,086 * Represents monthly histOrical patterns Following table summarizes major real estate transactions (those resulting in over $10K in REET) that occurred during 2004. Major Transactions - YTO thru 12/31/04 Taxable Sales REET Tax Waterstone Place Apartment @ 2211 S Star Lake Rd. 47,922,238 237,215 Seatac Village @ 1800 S 320th St. 25,450,000 125,978 Federal Way Center @ 2505 S 320th St. 15,560,000 77,022 Crestview West Apartment @ 27900 Pac Hwy S 13,625,000 67,444 Courtyard by Marriott hotel in Gateway Center 12,863,000 63,672 Abam Office building @ 33301 9th Ave S 8,300,000 41,085 Capital One Office @ E Campus Corporate Park 8,250,000 40,838 Washington Park @ 33801 1st Way S 7,412,000 36,689 East Empire Garden Home @ 1647 S 333rd St 6,352,985 31,447 Emerald Professional Center @ 720 South 348th St. 3,400,000 16,830 Forest Park Office Bldg @ 33310 9th Ave S, 3,350,000 16,583 Saltwater Park Apartment @ 28620 Pac Hwy S, 2,790,000 13,811 Line Retail Store @ 2132 SW 336th St. 2,614,000 12,939 Vacant Residential Land @ SW Dash Point Road 2,451,000 12,132 Olympic Office Center and a vacant commercial land @ S 333rd St 2,050,000 10,148 Total $ 162,390,223 $ 803,832 GS 3 CilV of Federal Wav Preliminarv December 2004 Ouarterlv Financial Reoort Sales Tax Sales tax received through December of $10.54M is $299K or 2.8% below the ytd budgeted amount of $1O.84M. Year-to-date revenue of$1O.54M is above December 2003 ytd revenue of$10.52M by $18K or 0.2%. The current month's receipt of$841K is below the monthly estimate of$889K by $48K or 5.4%. LOCAL RETAIL SALES TAX REVENUES Year-to-date thru December 1999 2000 2001 2002 2003 2004 2004 Budget Month Actual Actual Actual Actual Actual Budget * Actual $Var % Var ~an $ 711,432 $ 764,071 $ 794,061 $ 860,153 $ 822,996 $ 832,939 $ 852,297 $ 19,358 2.3% Feb 1,013,425 1,201,953 1,152,601 1,234,151 1,185,480 1,219,599 1,117,608 (101,991 ) -8.4% Mar 717,005 759,673 834,652 750,503 735,211 800,135 779,947 (20,188) -2.5% IApr 633,460 764,524 729,487 730,253 745,691 759,333 707,611 (51,722) -6.8% May 783,051 859,218 927,767 911,658 874,035 917,864 875,451 (42,413) -4.6% Jun 772,812 797,833 694,540 792,402 789,466 810,673 831,979 21,306 2.6% ul 727,701 798,587 798,287 840,945 833,909 842,783 808,352 (34,431 ) -4.1% I\ug 855,198 928,307 879,080 1,010,404 963,561 977,041 983,203 6,162 0.6% Sep 896,291 778,483 908,664 935,760 939,487 939,560 938,548 (1,012) -0.1% Oct 817,021 782,049 889,821 897,820 872,821 897,593 862,312 (35,281 ) -3.9% Nov 880,787 908,800 858,019 938,959 914,692 948,531 937,836 (10,695) -1.1% Dec 856,762 816,273 835,083 870,238 840,882 889,101 841,153 (47,948) -5.4% YTD Total $ 9,664,945 $ 10,159,770 $ 10,302,061 $ 10,773,246 $ 10,518,231 $ 10,835,152 $ 10,536,297 $ (298,855) -2.8% Annual Total $ 9,664,945 $ 10,159,770 $ 10,302,061 $ 10,773,246 $ 10,518,231 $ 10,835,152 $ 10,536,297 'Budget is projected based on past 5 year's history. Sales Tax by SIC Code Retail sales continue to remain the largest source of sales tax revenue, accounting for 65% of all sales tax collections. Ytd retail sales tax collection is $31K or 0.5% above ytd 2003. The increase is mainly attributable to increased consumer spending in retail general merchandise, retail building material, retail apparel and accessories, retail eating & drinking, and retail food stores; but is offset by misc. retail trade, retail automotive/gas and retail furniture. Services industry accounts for 13% of the total sales tax collections. On ytd basis, services sales tax is up $9K or 0.7% compared to ytd 2003. The increase is mainly attributable to the increased activity in business services, but offset by a decrease in amusement activity due to a one-time distribution received in early 2003 for new installations at one of the major amusement facilities. Construction and contracting activity, which accounts for 10% of sales tax collections, is only $2.5K or 0.2% below ytd 2003's activity. COMPARISON OF SALES TAX COLLECTIONS BY SIC GROUP Year-to-date thru December Component 1999 2000 2001 2002 2003 2004 Change 'rom 2003 Gcroup Actual Actual Actual Actual Actual Actual $ % Retail Trade $ 6,205,108 $ 6,595,604 $ 6,534,748 $ 6,666,872 $ 6,781,352 $ 6,812,746 $ 31,394 0.5% Services 917,612 970,113 1,130,669 1,368,367 1,345,951 1,354,839 8,888 0.7% Construct/Contract 984,931 1,104,115 1,146,339 1,220,608 1,047,305 1,044,765 (2,540) -0.2% Wholesaling 535,546 651,677 601,832 552,979 499,661 507,151 7,490 1.5% T ransp/Comm/Utility 397,800 388,329 407,328 390,614 435,846 431,157 (4,689) -1.1% Manufacturing 269,838 122,791 134,170 186,019 110,294 104,452 (5,842) -5.3% Government 142,910 141,774 147,531 173,966 44,019 33,219 (10,800) -24.5% Fin/Ins/Real Estate 116,212 110,025 106,858 122,894 168,227 162,308 (5,919) -3.5% Other 94,988 75,342 92,587 90,926 85,576 85,660 84 0.1% Total $ 9,664,944 $ 10,159,770 $ 10,302,061 $ 10,773,246 $ 10,518,231 $ 10,536,297 $ 18,066 0.2% G~ 4 Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report SALES TAX ACTIVITY BY SIC CODE YTD Through December 2004 Manufacturing 1.0% Wholesaling 4.8% Other 0.8% T ransp/Comm/Util 4.1% ConstrfCntract 9.9% Services 12.9% Retail Trade 64.7% Sales Tax Activity by Area SALES TAX COMPARISON by AREA YTD ThroUgh December Chg frpm2003 Group 1999 2000 2001 2002 2003 2004 $ % Total Sales Tax $9,664,944 $10,159.770 $10,302.061 $10,773,246 $10,518,231 $10,536,297 $18,066 0.2% S 348thRetail Block $1,644,481 $1,651,715 $1,463,535 $1,505,793 $1,491,599 $1,473,237 ($18,272) -1.2% % chg from prev yr 11.3% 0.4% -11.4% 2.9% -0.9% -1.2% na na Percentage of total 17.0% 16.3% 14.2% 14.0% 14.2% 14.0% -0.2% -1.4% The .Commons 1,025,153 1,039,750 987,939 895,957 829,796 759,879 ($69,917) -8.4% % chg from prev yr 3.0% 0.5% -4.2% -9.3% -7.4% -8.4% na na Percentage of total 10.6% 10.1% 9.6% 8.3% 7.9% 7.2% -0.7% -8.6% Major Auto SaleS 418,203 464,949 446,905 451,404 461,264 408,078 ($53,186) -11.5% % chg from prev yr 9.7% 11.2% -3.9% 1.0% 2.2% -11.5% na na Percentage of total 4.3% 4.6% 4.3% 4.2% 4.4% 3.9% -0.5% -11.7% S 312th.toS 316th 321,566 477,146 509,660 518,758 543,077 574,639 $31,562 5.8% % chg from prev yr 253.6% 48.4% 6.8% 1.8% 4.7% 5.8% na na Percentage of total 3.3% 4.7% 4.9% 4.8% 5.2% 5.5% 0.3% 5.6% Pavilion Center 161,598 196,810 208,045 458,666 432,464 459.844 $27,380 6.3% % chg from prev yr 23.6% 21.8% 5.7% 120.5% -5.7% 6.3% na na Percentage of total 1.7% 1.9% 2.0% 4.3% 4.1% 4.4% 0.3% 6.1% Hotels & Motels 42,238 102,787 130,643 121,349 133.151 140,673 7,522 5.6% % chg from prev yr -10.9% 143.4% 27.1% -7.1% 9.7% 5.6% na na Percentage of total 0.4% 1.0% 1.3% 1.1% 1.3% 1.3% 0.1% 5.5% The City's largest retail center, South 348th, which generates about 14% of the City's sales tax has a year-to-date collection of $1.5M, has decreased $18K or 1.2% compared to 2003. Retail building materials and general merchandise are up, but are offset by declines in retail furniture, wholesale durable goods, and retail eating & drinking. The Commons is showing a $70K or 8.4% decline compared to 2003. The year-to-date tax from the Mall's department stores has decreased $65K or 13% from 2003, with help of additional $12K tax collected from the new store opened in October of this year. Year-to-date major auto sales have decreased $53K or 11.5% compared to last year's ytd activities. The variance is attributable to the outstanding auto sales record in 2003 due to the consumer incentive programs. South 31th to South 316th is up $32K or 5.8% from the prior year. The increase is attributable to $37K increase by the center's biggest box retailer. &1 5 City of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report Pavilion Center is up $27K or 6.3% from the same period of prior year. The center's biggest contributor, who is responsible for about one-half of the center's total sales, is picking up its sales again and is up $23K compared to 2003. Hotels & Motels year-to-date sales tax total $141K, which is $7.5K or 5.6% above the same period in 2003. SALES TAX BY AREA YTD through December 2004 HotellMotel 1.3% Other 63.7% Pavilion Center 4.4% The Commons 7.2% S 312th/S316th 5.5% Major Autos 3.9% Gambling Tax Gambling tax collection of $ 1.42M is $430K or 23.2% below the year-to-date budget of$1.85M. In comparison to 2003 year-to- date collection, 2004's tax collection is lower by $384K or 21.3%. December's collection of$125K is $26K or 17.5% below the monthly budget estimate of $151 K. The decrease is mainly attributable to the closure of three card room establishments. " GAMBLING TAXREVENUE .. YTD Through December 2004 2004 Budget Month 1999 2000 2001 2002. 2003 Budget Actual $Var "IoVar Jan $90,611 $127,344 $193,344 $210,579 $159,323 156,889 $ 115,177 $ (41,712) -26.6% Feb 98,117 116,227 178,617 212,309 152,943 152,395 113,514 (38,881 ) -25.5% Mar 104,183 106,912 183,941 175,625 160,415 147,282 112,880 (34,402) -23.4% Apr 130,536 142,792 238,928 189,533 176,029 177,807 131,167 (46,640) -26.2% May 150,818 133,715 168,101 167,112 184,574 161,175 117,979 (43,196) -26.8% Jun 145,174 134,100 185,526 161,592 160,030 157,731 120,847 (36,884) -23.4% Jul 137,222 141,075 188,828 142,814 167,736 153,416 121,637 (31,779) -20.7% Aug 110,081 103,991 150,734 150,984 143,130 131,910 110,541 (21,369) -16.2% Sep 111,146 143,483 187,319 139,851 153,398 142,942 114,957 (27,985) -19.6% Oct 115,324 156,436 174,314 134,904 164,713 164,956 109,466 (55,490) -33.6% Nov 118,762 143,530 188,392 119,265 93,167 152,549 127,293 (25,256) -16.6% Dee 118,390 152,094 189,073 121,874 88,537 150,948 124,515 (26,433) -17.5% YTD Total $ 1,430,362 $1,601,699 $ 2,227,117 $1,926,443 $1,803,996 $1,850,000 $1,419,973 ($430,027) -23.2"10 Total $1,430,362 $1,601,699 $2,227,117 $1,926,443 $1,803,996 $1,850,000 $1,419,973 GAMBLING TAX BY ACTIVITY YTD Through December 2003 Actual 2004 Actual Change from 2003 Activity "10 $ "10 $ $ % Games/Bingo 0.6% 11,052 0.6% 8,977 (2,074) -18.8% Pulltabs/Punchboards 20.7% 373,316 24.3% 344,643 (28,673) -7.7% Card rooms 78.7% 1,419,628 75.1% 1,066,353 (353,275) -24.9% Total 100.0% 1,803,996 100.0"1. 1,419,973 $ (384,023) -21.3% Gv 6 Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Reoort HotellMotel Lodging Tax Hotel/Motel lodging tax collections through December total $142K, which is $8K or 5.8% above the year-to-date budget of $134K. Compared to 2003, the year-to-date lodging tax is about the same as last year. HOTEUMOTEL LODGING TAX REVENUES Year-to-date thru December 1999 2000 2001 2002 2003 2004 2004 Budget Month Actual Actual Actual Actual Actual Budget * Actual $Var % Var Jan 7,169 10,145 7,374 8,122 8,234 9,377 1,143 13.9% Feb 6,255 10,977 8,359 12,316 9,430 11,529 2,099 22.3% Mar 6,204 11 ,239 6,072 12,153 8,848 7,340 (1,508) -17.0% Apr 7,553 11,226 7,769 11 ,436 9,485 11,775 2,290 24.1% May 10,383 13,693 8,491 11,449 11,044 9,613 (1,431) -13.0% Jun 4,541 7,351 10,978 8,938 9,109 9,124 11,554 2,430 26.6% Jul 5,401 8,584 10,663 13,751 12,110 11,340 10,352 (988) -8.7% Aug 5,690 12,106 9,933 12,915 12,577 12,020 14,065 2,045 17.0% Sep 8,539 15,569 16,071 13,802 15,666 15,407 16,496 1,089 7.1% Oct 7,613 15,967 12,644 13,479 14,909 14,426 15,546 1,120 7.8% Nov 8,971 13,463 9,607 13,367 12,246 12,351 12,932 581 4.7% Dee 6,428 11,904 11,641 14,982 9,947 12,291 11 ,157 (1,134) -9.2% YTD Total $ 47,182 $ 122,507 $ 138,817 $ 129,299 $ 142,041 $ 134,000 141,737 7,737 5.8% Grand Total $ 47,182 $ 122,507 $ 138,817 $ 129,299 $ 142,041 $ 134,000 $ 141,737 Table reflects cash basis accounting Utility Tax Utility taxes received through December total $7.5IM, which is $259K or 4% above the ytd budget total of $7 .25M. This includes 85 low income senior rebates totaling $5K. The ytd thru December utility tax receipt is above the same period in 2003 by $528K or 8%. 1999 2000 2001 2002 2003 2004 2004 Budget Month Actual Actual Actual Actual Actual Budget Actual $ Variance % Variance Jan $ 464,657 $ 494,362 $ 559,223 $ 568,968 $ 519,082 $ 632,154 $ 687,590 $ 55,436 8.8% Feb 480,358 512,067 580,723 584,764 541,210 650,483 741,009 90,526 13.9% Mar 470,869 496,215 595,183 602,121 611,927 667,054 705,007 37,953 5.7% Apr 491,502 559,861 617,404 620,964 682,144 730,692 709,531 (21,161) .2.9% May 475,874 466,035 544,080 567,810 696,681 649,725 617,502 (32,223) -5.0% Jun 388,985 409,595 466,013 482,725 563,872 557,502 565,728 8,226 1.5% Jul 389,430 419,539 435,775 442,319 540,460 546,750 554,115 7,365 1.3% Aug 370.719 383,806 416,374 429,790 521,251 518,395 540,643 22,248 4.3% Sep 394,041 428,707 428,486 429,090 540,705 523,639 545,963 22,324 4.3% Oct 435,017 462,901 468,293 481,552 571,961 599,528 584,695 (14,833) -2.5% Nov 426,991 446,614 466,773 456,405 557,063 572,915 595,016 22,101 3.9% Dee 412,635 444,629 495,606 490,171 637,771 604,185 670,612 66,427 11.0% Tax Rebate - - - - - - (5,068) (5,068) n/a YTD T atal $ 5,201,078 $ 5,524,330 $ 6,073,931 $ 6,156,679 $ 6,984,127 $ 7,253,021 $ 7,512,343 $ 259,322 3.6% UTILITY TAXES Year-to-date thru December Gas taxes are above the ytd budget of $859K by $215K or 25%. Electricity is below the ytd budget of $2.5M by $53K or 2%. Cable taxes are above the ytd budget of $766K by $29K or 4%. Phone taxes are below the ytd budget of $1.1M by $87K or 8%. Cellular phone taxes are above the ytd budget of $ I AM by $128K or 10%, which includes a settlement of $20K from a bankruptcy proceeding for the periods from January 1999 to December 2001. (,9 7 Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Reoort The rate hikes in mid and late 2003 by Puget Sound Energy and the severe cold winter weather have attributed to the increase in ytd gas tax collected. Compared to ytd 2003, Electricity is up $53K or 2%, Gas is up $245K or 30%, Cable is up $55K or 8%, Phone is down $63K or 6%, and CelluIar phone is up $200K or 16%. I I I I , 1999 2000 2001 2002 2003 2004 2004 Budget Actual Actual Actual Actual Actual Annual Bdgt YTD Budget Actual $ Variance . Variance Electric $ 1,944,250 $ 1,977,055 $ 1 ,904,457 $ 2,006,554 $ 2,389,069 $ 2,494,588 $ 2,494,588 $ 2,441,935 $ (52,653) -2.1% Gas 601,714 677,259 974,993 918,478 829,892 859,213 859,213 1,074,501 215,288 25.1% Solid Waste 329,964 341,039 362,788 394,437 471,666 467,765 467,765 513,878 46,113 9.9% Cable 476,864 521,992 591,605 600,052 739,751 765,874 765,874 794,917 29,043 3.8% Phone 1,069,707 1,062,954 1,093,815 981,575 1,081,716 1,105,572 1,105,572 1,018,451 (87,121) -7.9% Cellular 615,191 794,266 998,819 1,101,560 1,282,051 1,353,979 1,353,979 1,482,410 128.431 9.5% Pager 9,415 5,242 9,271 8,435 6,038 6,882 6,882 3,639 (3,243) -47.1 % SWM 153,973 144,522 138,183 145,588 183,944 199,148 199,148 187,679 (11.469} -5.8% Tax Rebate - - - - - - - (5,068) (5,068) n/a Total $ 5,201,078 $ 5,524,330 $ 6,073,931 $ 6,156,679 $ 6,984,127 $ 7,253,021 , $ 7,253,021 , $ 7,512,343 I $ 259,322 I 3.60/. UTILITY TAXES Year-to-date thru December Table reflects reporting activity through year -to-date State Shared Revenue Year-to-date distribution of $4.46M is below the ytd budget of $4.52M by $63K or 1.4%. The unfavorable variance is due mainly to decreases in criminal justice- low population, local criminal justice sales tax and fuel tax, but offset by increases in criminaI justice-high crime, liquor profits tax and liquor excise tax. STATE SHARED ~UES Year-t()-date thflJ~mber 1999 2000 2001 . 2002 2003 20(}4 2O(J4 Budget Revenue Actual Actual Actual Actual. Actual Budget * Actual.'. $Var %Var Motor Vehide Excise Tax $ 1,059,402 $ 202,556 $ - $ - $ - $ - $ - $ - nia City Hardship Assistance - - - 35,064 - - - - nia Camper Excise Tax 23,048 3,837 - - - - - - nia Uquor Profits Tax 412,576 466,746 442,941 458,749 527,500 473,995 605,243 131,248 27.7% Uquor Excise Tax 242,698 281,352 282,016 295,100 300,207 297,135 323,236 26,101 8.8% Crim Just Low-Pop/DCD 142,293 73,200 76,903 75,563 78,672 237,267 75,484 (161,783) -68.2% Crim Just Hgh Crime 173,087 - - 82,034 167,402 - 84,919 84,919 nia Equalization 433,576 24,103 - - - - - - n/a Local Crim Just Sales Tax 1,478,343 1,632,969 1,653,470 1,600,854 1,596,387 1,714,051 1,639,478 (74,573) -4.4% Fuel Tax 1,752,670 1,735,658 1,754,967 1,809,220 1,751,138 1,788,204 1,719,587 (68,617) -3.8% Veh Udl Fees 687,022 733,086 690,231 775,840 18,196 - - - nia DUI - Cities 16,505 10,936 13,686 14,384 14,198 14,000 14,119 119 0.8% Local Govt Fin Asst. - 686,126 470,179 - - - - - nia Total $ 6,421,221 $ 5,850,568 $ 5,384,393 $ 5,146,810 $ 4,453,701 $ 4,524,652 $ 4,462,066 $ (62,586) -1.4% Change from prior year 489.2% -8.9% -8.0% -4.4% -13.5% -12.1% -13.3% nia nia . Represents rronthly historical patterns (1999 - 2003) for the 2004 Budget. GlD 8 CitV of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report Building Permits and Plan Check Fees Ytd building permit revenues total $1.54M, which is above the ytd budget by $360K or 30.2%. This does not include ytd pass through revenues of $65K. Revenues collected for expedited review is currently not budgeted nor are the offsetting expenditures. Building permits, which includes mechanicaI, pIumbing and clear/grade permits total $808K and is above the ytd budget by $224K or 38%. Electrical permits of$134K are above the ytd budget of$106K by $28.3K or 27%. Plan check fees of$471K are $73K or 19% above the ytd budget estimate of$398K. COMMUNITY DEVELOPMENT BUILDING PERMITSlZONING FEEs/PLAN CHECK FEES 1999 - 2004 1999 2000 2001 2002 2003 2004 2004 Budget Revenue Actual Actual Actual Actual Actual Budget Actual $ Variance $ VarIance 'January $ 77,562 $ 68,683 $ 114,042 $ 235,933 $ 134,380 $ 117,094 $ 68,435 $ (48,658) -41.6% February 95,739 64,619 67,205 76,786 68,531 72,326 175,557 103,230 142.7% March 144,848 104,586 98,724 108,771 94,599 108,392 110,590 2,198 2.0% April 88,404 103,334 91,446 119,843 73,435 93,810 137,906 44,097 47.0% May 161,106 86,274 69,065 113,178 104,776 102,356 119,897 17,541 17.1% June 165,674 92,413 100,012 164,763 188,806 137,109 147,090 9,980 7.3% July 115,236 101,765 76,038 110,974 134,493 103,621 98,434 (5,186) -5.0% August 134,784 63,482 99,766 138,017 110,152 102,965 117,666 14,702 14.3% September 96,214 112,409 162,977 84,066 116,571 116,178 169,636 53,458 46.0% October 52,306 119,502 51,303 118,473 70,508 79,543 136,361 56,818 71.4% November 87,017 72,901 53,826 85,987 109,983 78,197 137,885 59,688 76.3% December 69,149 72,125 67,060 132,036 87,010 82,419 135,036 52,617 63.8% YTC Total $ 1,288,040 $ 1,062,094 $ 1,051,463 $ 1,488,826 $ 1,293,244 $ 1,194,009 $ 1,554,493 $ 360,484 30.2% Annual Total $ 1,288,040 $ 1,062,094 $ 1,051,463 $ 1,488,826 $ 1,293,244 $ 1,194,009 $ 1,554,493 na na YTD Expense" 2,315,289 2,244,234 2,433,309 2,351,433 2,553,608 2,404,981 2,498,009 na na Recovery Ratio 55.6% 47.3% 43.2% 63.3% 50.6% 49.6% 62.2% na na ** Expenditures include Community Development Admin, Planning, and Building. The table below presents a synopsis of year- to-date building permit activity for new construction between 2002 and 2004: Building Division - Permit Activity YTD Through December, 2004 2002 2002 2003 2003 2004 2004 Type of Permit No. Value ($) No. Value ($) No. Value ($) New Residential (Platted) 162 $ 34,960,653 143 $ 33,558,500 157 $ 36,077,136 New Commercial 25 36,573,251 14 9,715,534 25 46,555,169 New Multi-Family Units I I 1,042,389 New Public Subtotal -New Construction 188 $ 71,533,904 158 $ 44,316,423 182 $ 82,632,305 Manufactured Homes Residential Alterations 156 3,214,845 147 3,994,655 132 4,792,134 Commercial Alterations 368 22,513,696 226 15,979,634 310 17,967,026 Plumbing Only 105 106 106 Mechanical Only 371 1,565,599 370 1,790,444 38\ 1,862,022 Misc. Building Permits :: Subtotal - Alterations 1,000 $ 27,294,140 849 $ 21,764,733 929 $ 24,621,182 Electrical Permits 1,311 1,062 1,242 Total Building Permits 2,499 $ 98,828,044 2,069 $ 66,081,156 2,353 $ 107,253,487 Non-Building Permits: Sign Permits 237 887,344 241 57\,714 229 642,106 Totals 237 $ 887,344 241 $ 571,714 229 $ 642,106 Total Commercial Valuation 393 $ 59,086,947 240 $ 25,695,168 335 $ 64,522,195 ICommercial as a % of Total 16% 60% 12% 39% 14% 60% * Includes all new, alteration } GlI City of Federal Wav Preliminarv December 2004 Ouarterlv Financial Reoort ROW Permits and Fees Overall Public Works permits and fees collected through December total $291K, which is $86K or 23% below the ytd budget of $377K. Right-of-way permits collected total $90K which is $97K or 52% below the ytd budget of $188K. Right-of-way permits are down largely due to the slow economy causing lower than normal activity by developers and utility companies. Plan review fees collected total $122K which is $2K or 2% below the ytd budget of$124K. Public works inspection fees of$79K is $13K or 20% above the ytd budget of $66K. Revenues collected for expedited review total $32K and are not included in this table. PUBLIC WORKS PERMITS/PLAN REVIEWRNSPECTION FEES 1999 . 2004 1999 2000 2001 2002 2003 2004 2004 Budget Actual Actual Actual Actual Actual BUdget Actual $ VarianCe " VarIance Januarv $ 19,293 $ 23,523 $ 44.253 $ 39,039 $ 31,391 $ 36,426 $ 21,128 $ (15,299) -42.0% February 16,802 17,837 29,361 13,302 16,851 28,794 34,076 5,282 18.3% March 38,782 22,290 12,940 11,707 76,604 36,098 28,113 (7,985) -22.1 % April 16,286 22,313 23,964 23,975 14,823 36,275 21,779 (14,496) -40.0% May 12,147 45,771 32,040 51,651 26,878 32,401 23,236 (9,165) -28.3% June 17,944 24,811 37,544 17,263 29,063 31,807 41,327 9,520 29.9% July 10,644 13,887 29,732 14,223 22,556 27,485 13,662 (13,823) -50.3% August 23,777 21,405 49,974 36,986 25,430 32,648 27,251 (5,398) -16.5% September 10,346 22,846 22,312 21,169 41,158 28,540 40,489 11 ,949 41.9% October 14,652 17,754 17 ,687 11,332 14,878 22,820 9,732 (13,088) -57.4% November 18,508 19,801 25,232 17,465 14,439 26,778 14,347 (12,431) -46.4% December 38,690 8,163 39,532 41,369 82,170 37,223 16,135 (21,Q88) -56.7% Year.to-Date Total $ 237,871 $ 260,401 $ 364,569 $ 299,479 $ 396,240 $ 377,296 $ 291,275 $ (86,021 ) -22.8% Annual Total $ 237,871 $ 260,401 $ 364,569 $ 299,479 $ 396,240 $ 377,296 oa oa oa Monthly Average 19,823 21,700 30,381 24,957 33,020 31,441 24,273 10 Gl'L Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report Court Revenue Including probation revenue, the total collected through December amounts to $1.19M which is $89K or 7% beIow Iast year's collections. Court filings (which the City is compensated on) are down 12% ytd from 2003. Additionally the City's share of total municipal court revenue is down 3% ytd from 2003 due to state legisIative action, which resuIted in decreased revenue to the City. Total court revenue (from which the City, County, & State each share) is up slightly from 2003. A recent Supreme Court ruling prevents the police from issuing citations or impounding vehicles for Driving While License Suspended 3 degree (OWLS 3). As a result the loss of the DWLS cases will cause a decrease in court revenue. DWLS 3 comprises 33% of the court's criminal case load. Probation Services YTD Total 2004 Change from Budget thru December BUdget Actual $ Var $ Var Revenue $ 332,000 $ 395,156 $ 63,156 19.0% Expenses 327,000 330,496 (3,496) -1.1% Net Revenue $ 5,000 $ 64,660 na na COURT REVENUE B Month Budget (less Probationl $854,000 $949,700 $893,478 $905,875 $908,813 $943,975 I 1999 2000 2001 2002 2003 2004 2004 Budget Month Actual Actual Actual Actual Actual Budget Actual $Var %Var January $ 62,565 $ 61,809 $ 78,577 $ 48,982 $ 55,490 $ 70,457 $ 65,393 ($5,064) -7.2% February 66,562 83,491 70,573 57,256 78,815 81,324 $ 72,879 (8,445\ -10.4% March 84,643 83,707 74,074 69,769 82,635 90,415 $ 72,423 (17,992) -19.9% April 82,673 74,273 77,631 72,609 73,723 87,549 $ 72,468 (15,081) -17.2% May 61,106 75,541 82,169 46,487 67,131 75,769 $ 68,128 (7,641) -10.1% June 72,121 73,046 73,812 49,004 77,763 78,842 $ 72,420 (6,422) -8.1% July 61,536 71,957 59,668 65,189 70,613 75,393 $ 75,816 423 0.6% August 71,255 97,179 71,793 68,659 57,817 83,913 $ 69,263 (14,651) -17.5% September 62,059 71,311 67,015 55,775 64,752 73,418 $ 47,323 (26,095) -35.5% October 58,199 60,635 62,650 79,013 77,681 77,939 $ 65,063 (12,875) -16.5% November 64,346 71,783 52,340 67,344 61,858 72,953 $ 59,338 (13,615) -18.7% December 58,863 65,100 45,386 66,133 97,011 76,004 $ 51,123 (24,882) -32.7% Year-to-date Total $ 805,928 $ 889,832 $ 815,689 $ 746,221 $ 865,290 $ 943,975 $ 791,636 $ ( 152,339) -16.1% Probation Services - - 153,597 280,050 374,262 332,000 395,156 63,156 19.0% Traff Schl Adm Fee - - 38,228 21,126 - - - - 0.0% Year-to-date Total $805,928 $889,832 $1,007,514 $1,047,397 $1,239,552 1,275,975 $1,186,792 ($89,183) -7.0% Year-to-date % Change n/a 10% 13% 4% 18% 3% -4% nla Annual Total $805,928 $889,832 $1,007,514 $1,047,397 $1,239,552 $1,275,975 .. Induded in Court Revenue are Probation Services and remittances from District Court for "Shared Court Costs", "Court Record Services. and Other Court-related miscellaneous revenue. Traffic School is now induded in Police Revenues. Traffic and non-parking fines total $495K and is $58K or 10% below the ytd budget, and compared to ytd 2003, collections are below by 3%. Parking infractions total $36K and is $17K or 32% below the ytd budget, and compared to ytd 2003, collections are below by 40%. Total infractions filings are down 907 or 7% from 2003. DUI and other misdemeanors total $136K and is $29K or 18% below the ytd budget, and compared to ytd 2003, collections are below by 3%. Criminal costs total $64K and is $24K or 27% below the ytd budget, and compared to ytd 2003, collections are above by 34%. COURT REVENUE ------------------------------------------------------____________________!'.x~~!~!'_'}'_!!'!!'_~~~~..'!.c:'!T.~~!__ ==-_==-_=====_-2~~==__======_-== =--=_-3!I!.~_~~..!!!!===__==~ 1999 2000 2001 2002 2003 Annual Budget YTD Budget Actual $Var e;.Var Civil Penalties 4.760 5.466 6,749 6,313 6,278 7,417 7,417 11,817 4,400 59.3% Traffic & Non-Parkin9 470,113 510,574 472,207 432.200 512.103 552,703 552.703 494,678 (58.025 ) -10.5% Parking Infractions 52,902 54,151 58,207 31,984 59.083 52.458 52.458 35,603 (16,855) -32.1% DUI & Other Misd 108,769 163,025 150,651 139,926 139.249 164,459 164,459 135.561 (28,898) -17.6% Criminal Traffic Misd 59,571 54.564 46,629 75.516 46,278 73,007 73,007 45.396 (27,611) -37.8% Criminal Costs" 101,263 94.612 74,136 55,337 97,097 87.965 87,965 63.999 (23,966) -27.2% Shared Court Costs 8.550 7,439 7,110 4,946 5,202 5,966 5,966 4,581 (1.385) -23.2% Subtotal 805,928 889,832 815,689 746,221 865,290 943,975 943,975 791,636 (152,339) -16.1% Probation Services I 153,597 I 280.050 I 374,262 I 332,000 I 332,000 I 395.156 63.156 19.0% Trait Schl Adm Fee I I I 38,228 I 21,1261 I - I I 0.0% Total 805,928 889,832 1,007,514 1,047,397 1,239,552 1,275,975 1,275,975 1,186,792 (89,183) -7.0% Gl' 11 Citv of Federal Wav Preliminarv December 2004 Quarterlv Financial RefJort OPERATING EXPENDITURES Operating funds expenditures through December total $42.5M or 91% of the aIUlUal operating budget of $46.5M. Operating expenditures are below the ytd budget of$46.4M by $3.9M or 8%. EXPENDITURE SUMMARY BY DEPARTMENT Period Ending December 31,2004 2004 Revised Budget Actuals Variance 2002 2003 Through Through Favorable (Unfavprable) Uses Actual Actual Annual December December $ 0/. City Council $ 258,062 $ 285,443 $ 305,038 $ 305,038 $ 280,776 $ 24.262 8.0% City Manager 702,765 648,912 924,753 924.753 781,646 143,107 15.5% Municipal court-operations 1,190,711 1,315,011 1,441,066 1,441,066 1.370,582 70.484 4.9% Management Services 1,747,702 1.754,553 2,043,473 2,043,473 1,875,539 167,935 8.2% Clvil/Crlminallegsl Services 1,143,436 1,231,859 1,427,447 1,427.447 1,170,019 257,428 18.0% Comm. Development Svcs 3,038,385 3,337.231 3,720,212 3,720,212 3,234,036 486,175 13.1% Police Services 14,217,460 14,838,136 16,075,115 16,075.115 15,374,108 701.007 4.4% Jail Services 993,100 1,056,106 1,384,060 1 ,286,923 935,349 351.573 27.3% Parns and Recreation 3,220,393 3,647,537 4,042,762 4,042,762 3,731,681 311,080 7.7% Public Works 3,514,203 3,568,847 4,046,049 4,046,049 3,553,079 492,970 12.2% City Overlay Program 1,657,409 1,982,519 1,329,632 1,329,632 1,184,765 144,867 10.9% Solid Waste 296,354 321,037 367,661 367,661 295,718 71,943 19.6% Hotel/Motellodging Tax 105,758 104,577 350,999 350,999 192,680 158,319 45.1% Surface Water Management 1,835,915 2,183,531 2,480,44 7 2,480,447 2,320,870 159,577 6.4% Debt Service 4,485,280 15,863,046 5,889,631 5,889,631 5,561,669 327.962 5.6% Dumas Bay Centre 504,604 482,436 501,630 501,630 478,159 23.471 4.7% Knutzen Family Theatre 160,732 188,785 179,177 . 179,177 201,209 (22,032) -12.3% Subtotal Operating expenditures 39,072,269 52,809,566 46.509,151 46,412,014 42,541,884 3,870,130 8.3% Other Financing Uses. 8,184,384 20,050,416 17,020,488 17,326,128 17 ,326,128 - nla Total Exoenditures & other Uses -547,256,653 $ 72,859,982 $ 63.529,639 $63,738,142 $ 59,868,012 $ 3,870,130 6.1% 'umer finanCIng uses lira lOOse acovmes oonsKJared one Ume In nature. City Council City Council expenditures total $28IK, which is below the ytd budget total of $305K by $24K or 8%. The favorable variance of expenditures to budget is due to timing of year-end expenditures. One-time funded programs include PSRC/ACC participation ($39K). City Manager Activity through December totals $782K, which is below the ytd budget total of $925K by $143K or 16%. The favorable variance of ~xpenditures to budget is due primarily to one-time funded programs such as contract lobbyist/city video ($80K), kiosk ($51K), and storyboard ($5K). Municipal Court Municipal Court expenditures total $1.37M, which is below the ytd budget total of $1.44M by $70K or 5%. Management Services Management Services expenditures through December total $1.88M, which is below the ytd budget total of$2.04M by $168K or 8%. The favorable variance of expenditures to budget is due primarily to favorable variances for one-time funded programs such as cable franchise negotiation ($50K), payroll system ($2IK), job advertisements ($35K), and employee educational assistance ($12K). Additionally intergovemment election services contributed to the favorable variance. CiviVCriminal Legal Law expenditures through December total $1.l7M, which is below the ytd budget total of $1.43M by $257K or 18%. The favorable variance of expenditures to budget is due primarily to favorable variances for outside legal counsel and one-time funded programs such as domestic violence assistance ($60K) and labor negotiations ($50K). /"",J 1? Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial RefJort Community Development Community Development expenditures through December total $3.23M, which is below the ytd budget total of$3.72M by $486K or 13%. Savings are primarily in various one-time funded programs. These programs include neighborhood matching grant ($20K), CERT and volunteer program ($9K), human services contracts ($76K), employee and human services contributions ($46K), human service comp plan ($50K), association dues (($9K), shoreline inventory ($40K), abatement ($6K), permit process intern ($15K), code amendments ($90K), business park zone study ($40K), consult state grant ($52K), planned action SEPA ($161K), and upgrades to the permit computer system ($llOK). HotellMotel Lodging Tax Ytd expenditures total $193K and are comprised of tourism promotion ($35K), General Fund admin fees ($ 13K), Korean Cultural & Sports Festival ($66K), events planning-Women's Marathon/Sporting Event ($27K), Farmers Market ($22K), distribution of rack cards ($3K), Tourism Enhancement Grants ($25K), and misc. ($2K). Overall revenues total $145K and are made up of hoteVmotel tax ($142K), interest earnings ($3K), and postcard sales of ($23). Police Services PoIice Services have expended $15.3 7M through December, which is below the ytd estimated budget of $16.08M by $701 K or 4%. The favorable variance of expenditures to budget is due primarily to personnel costs and one-time funded programs. Public Safety Personnel (;osts 2004 YTD Thru December 31, 2004 $ Variance % Variance Favorable Favorable Annual Budget YTD Budget YTD Actual (Unfavorable) (Unfavorable) SalarieslWages 8,886,235 8,886,235 8,585,245 300,990 3.4% P3 555,860 555,860 327,717 228,143 41.0% Temp Help/On-CaIl/Field-Training 39,423 39,423 10,827 28,596 72.5% Overtime 255,000 255,000 511,499 (256,499) -100.6% Termination Pay - - 17,825 (17,825) n/a Benefits 2,327,616 2,327,616 2,330,321 (2,705) -0.1% Subtotal 12,064,134 12,064,134 11,783,433 280,701 2.3% Traffic School OT 57,000 57,000 59,922 (2,922) -5.1% Total Personnel Costs 12,121,134 12,121,134 11,843,355 277,779 2.3% Year-to-date Police overtime is 15% or approximately $73K below the same period last year. There is a $28K increase in overtime for contracted services and the homeland security programs. When the increase from the billable overtime is included the total overtime is decreased by 8% or around $46K for the year. Court related overtime accounts for $41K or 8% of 2004's total overtime. The court case flow work group is currently evaluating opportunities to reduce police overtime for court appearances. PS Overtime By Type Type 2003 2004 $ % Training 26,169 28,575 2,406 9% Court 52,907 41,066 (11,841) -22% Field Operation 336,032 280,275 (55,757) -17% SOAP 2,689 94 (2,595) -97% Other 59,062 53,420 (5,642) -10% City Portion 476,859 403,429 (73,430) -15% Contract or Grant $ 74,953 $107,569 32,616 44% Homeland Sec. 5,355 501 (4,855) 0% Billable 80,308 108,069 27,761 35% Grand Total $ 557,167 $511,499 $ (45,669) -8% (;t5 13 Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Reoort As shown by the month-to-month overtime comparison graph, 2004 montWy expenses declined over the levels from 2003 through May. The June through December 2004 montWyexpenses varied relative to the levels from 2003. Police Overtime Expense $80,000 -4- 2003 -.Ir- 2004 $70,000 $60,000 $50,000 '" "3 $40,000 () $30,000 $20,000 $10,000 $0 Jan Feb Mar. Apr May Jun Jul Aug Sep Oct Nov Dee Month The following is an analysis on traffic school activity. Through December, revenues total $236K, while expenditures total $80K. Traffie$el1o('jl,a.ctiVitY . YT[) Thru December Change from 2003 ... 1999 2000 2001 2002 2003 2004 $Chg "IoChg Revenue $ 56,375 $ 90,325 $ 97,606 $ 102,731 $ 185,179 $ 235,586 $ 50,407 27.2% Expenditures: Overtime 23,050 42,538 41,828 40,549 50,375 59,922 (9,547) -19.0% Supplies - 1,005 1,868 18,707 6,986 8,829 (1,843) -26.4% TravelfTraining 2,739 300 2,579 15,106 345 9,132 (8,787) -2547.1% Other Charges 266 4,168 163 1,004 195 2,085 (1,890) -969.3% Court Costs 23,669 - - - - - - nfa Capital - - - 26,332 - - - n/a Other - - - - 484 - 484 100.0% Total Expenditures 49,724 48,011 46,438 101,698 58,385 79,969 (21,583) -37.0% Jail Services The table below compares activity through November as December invoices have not been received. The Fife jail services invoice for November has not been received yet. Jail Services is below the ytd budget of$1.29M by $352K or 27.3%. I Jail SeIVices By Month YTD thruNovember 2004 Cha'rlge from Baifget 1999 2000 2001 2002 2003 Budget Actual $Var %Var January $ 94,333 $ 120,003 $ 111,723 $ 108,739 $ 92,944 $ 114,278 $ 84,767 $ 29,511 25.8% February $ 90,164 $ 128,139 $ 116,334 $ 112,436 $ 86,453 115,404 81,184 34,220 29.7% March $ 121,485 $ 144,080 $ 120,793 $ 99,516 $ 95,849 123,975 105,967 18,008 14.5% lApril $ 125,588 $ 138,973 $ 129,903 $ 84,259 $ 104,660 123,922 104,278 19,643 15.9% May $ 149,750 $ 160,082 $ 121,097 $ 75,907 $ 110,778 129,705 91,051 38,654 29.8% June $ 150,656 $ 124,017 $ 121,974 $ 74,045 $ 108,047 122,149 75,474 46,675 38.2% July $ 183,945 $ 122,690 $ 102,848 $ 92,830 $ 107,300 128,504 83,270 45,234 35.2% ~ugust $ 163,Q73 $ 108,249 $ 94,176 $ 91,360 $ 95,840 117,146 90,430 26,716 22.8% September $ 108,393 $ 104,715 $ 115,010 $ 89,959 $ 91,957 109,569 89,205 20,364 18.6% October $ 115,714 $ 110,104 $ 98,208 $ 79,586 $ 86,502 104,296 78,096 26,201 25.1% November $ 113,844 $ 114,645 $ 72,631 $ 84,463 $ 75,775 97,974 51,626 46,348 47.3% December $ 111,013 $ 101,125 $ 88,610 $ 78,485 $ 77,142 97,137 - - 0.0% YTD Total $ 1,417,846 $ 1,375,698 $ 1,204,696 $ 993,100 $ 1,056.106 $ 1,286,923 $ 935,349 $ 351,573 27.3% Grand Total $ 1,528,859 $ 1,476,823 $ 1,293,306 $ 1,071,585 $ 1,133,248 $ 1,384,060 14 Gl~ CiIv of Federal Wav Prelimin"", December 2004 Quarterlv FinQncial ReDon Parks and Recreation Parks Operations expenditures through December total $3.73M, which is $311K or 8% below the ytd budget of$4.04M. The favorable variance of expenditures to budget is due primarily to favorable variances for one-time funded programs. One.Time funded programs include: maintenance contract (S25K), facilities repair and maintenance ($32K), senior services ($25K), Arts Commission.contract for services program ($25K), Arts Commission contract carry. forward ($23K), and registration system upgrades ($5K). Additionally Facilities Maintenance had a favorable variance of expenditures to budget. The growth in Senior Services revenue is due to the popularity of the trips and tours program. Recreation Inc program growth is due to increased registration as the program has become better known in the area. The number of programs offered has been slowly increased based on interest. Recreation and Cultural Services: Direct program expenditures total $1.l9M or 87.3% of the total annual budget of $1.36M not including indirect costs. Including indirect administration costs, recreation expenditures total $1.53M and are 88.6% of the total annual budget of $1. 73M. Recreation fees total $841K and are 92.7% of the total annual budget of$907K. Recreation fees have recovered 70.7% of direct program costs and is 4.1% above the annual budgeted recovery ratio of 66.6%. Considering indirect administration costs, the recovery ratio is reduced to 54.8% or 2.4% above the alUlual budgetec;:l recovery ratio of 52.4%, Dumas Bay Centre Dumas Bay Centre operating revenues of $481K are down by $19K or 4% compared to the ytd budget of $500K. Operating expenditures through December total $478K, which is $23K or 5% below the ytd budget of $501.6K. Dumas Bay Centre has recovered 100.6% of its operating expenses. Knutzen Theatre Operating revenues of $96K are up $19K or 25% compared to the ytd budget of $77K. Operating expenditures through December total $201K, which is $22K or 12% above the ytd budget of $1791<.. Knutzen Theatre has recovered 47.2% ofits operating expenses. Electrical repair & maintenance expenditures' were made for the winches, which are not expected to recur in the near future. .,..,... .........:'~ ..> '."'i.'C ......;.;-.,~'iC"j:,.,~,;;,/.~ " RECREA:n(j...:~,<iULTURA1.. SERVICE 'PR,OG~SN.i)DU"AS"BAjCENTREPEr$c)~~qE . Year to Date'Throu lh'Oecerribet 2004 . . ... .... .. ... Revenues Expenditures T Recovery Rilftio " Budget I Actual ,% Budget Actual I % I Budafit I Actual RECREATION & CULTURAL SERVICE PROGRAMS 2,000 1,483 74.2% 20,626 88,100 89.654 101.8% 108,667 58,800 49.053 83.4% 87,565 I 199,000 209,157 105.1% 113.742 166,000 165,273 99.6% 138,325 28,500 28,713 100.7% 90,993 17,700 _ 43,698 246.9% 53,764 500 725 145.0% 1,800 24,700 35,939 145.5% 41,200 7,650 24.D92 314.9% 84,280 314,000 192,854 .._w 61.4% 620,614 $ 906,950 $ 840.641 92.7% $ 1.361,576 $ . . 0.0% 369,929 $ 906,950 $ 840,641 92.7% $ 1,731,505 $ DUMAS BAY CENTRE 481,137 96.9% 501,630 95,014 124.0% 179,177 .'.. .. 'i, ',.....,. ., .' proaram Steel Lake Aquatics Arts & Special Events Youth Athletics Adult Athletics Corrvnunity Recreation Community Center Recreation Inc Youth Commission Red, White & Blue' Senior Services Kenneth Jones Pool Subtotal Administration TOTAL RECREATION Dumas Bay Centre Knutzen Family Theatre 496,750 76,601 680.807 I $ 93,529 2,505,841 $ 576.151 I 190 1,416.982 I TOTAL DUMAS BAY CENTRE Arts Commission GRAND TOTAL 24,072 110,789 71,911 132,353 182,986 85,961 44,526 2,233 49,415 70,382 413,965 1,188,591 345,555 1.534,146 478,159 201,209 116.7% 102.0% 82.1% 116,4% 132.3% 94.5% 82.8% 124.0% 119.9% 83.5% 66.7% 87.3% 93.4% 88.6% 95.3% 112.3% .''''. 9.7% 6.2% 81.1% 80.9% 67.2% 68:2% 175.0% 158.0% 120.0% 90.30/. 31.3% 33.4% 32.9% 98.1% 27.8% 32.5% 60,0% n/a 9.1% 34.2% 50.6% 46.6% 66.rl. 70.7-': rJa nla 52.4~. 54.8-': 99,0% 100.6% 42.8% 47.2% 679,368 I 30,393 2,243,907 Expenditures do nol indude residual equity traosfers Of' otIIet Inlerlund mntril>JtkJns. . Re<l. While & Blue te\lll<lueS ina""" Kino County g<ant revenues ror 2003 which were bOol<ed in 2004. ACmtal rever1lals in Oecernb<tt, lOO4 Wilt_a out lhasa revllfIUes. Gf., I5 Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report Kenneth Jones Pool Ytd pool expenditures total $404K, revenues total $405K. Kenneth Jones Pool Annual Actual Per City's pinancia/s Budget YTO December Operating Revenue 314,000 $ 192,854 Transfer-In from Utility Tax 309,000 211,913 Total Oper Rev & Other Sources 623,000 $ 404,766 Salaries & Benefits 268,836 Supplies 7,147 Utilities 92,410 Professional Services 1,243 Travel & Training 2,821 Other Services & Charges 7,491 Intergovernmental 421 CapitallmprovementslMaintenance 9,984 Interfund Charges 14,122 Total Oper Expenditures $ 620,614 $ 404,475 Rev Over/(Under) Exp 2,386 291 Public Works Operations Public Works Operating expenditures are below the December ytd budget of$4.05M by $493K or 12%. The favorable variance of expenditures to budget is due primarily to the favorabIe variances for one-time funded programs. These program variances include: emergency management software ($17K), homeland security grant ($6K), signal coordination grant ($23K), Silver Lk NTS & 320 S ($16K), tree replacement ($5K), and flatbed truck & retrofit ($45K). Solid Waste and Recycling Operations Expenditures are below the December ytd budget of $368K by $72K or 20%. The favorable variance of expenditures to budget is due primarily to timing of grant programs. Suiface Water Management Operations Expenditures are below the December ytd budget of $2.48M by $160K or 6%. The favorable variance of expenditures to budget is due primarily to favorable variances for one-time funded programs. These program variances include: ecosystem restoration project ($lOK) and Vactor cleaning service ($31K). Additionally there was a deIay in the hiring for two positions which contributed to the favorable variance of expenditures to budget. 16 61 '?J Otv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report The table below presents a year-to-date analysis of the Public Works and Surface Water Management (SWM) contracts with King County, WSDOT, and private vendors. Most ongoing maintenance takes place during the spring and summer months. PUB ~''"'' - COI!ITRACTED~ S - YTD thru December '." ....../ Expenditures Program Budaet Actual % Emergency Management 7,500 (42,000) -560.0% Subtotal Administrative Services 7,500 (42,000) -560.0% Contracted Engineering Services 500 - 0.0% Expedited Plan Review (1 ) - 25,950 nfa Subtotal Development Services 500 25,950 5190.1% Neighborhood Traffic Safety-Private Contract 40,000 25,490 63.7% Pavement Marking Maintenance-Private Contract 15,000 23,738 158.3% Access Management Retrofits 8,000 - 0.0% Contracted Engineering Services 8,000 - 0.0% Neighborhood Traffic Safety 10,000 - 0.0% Traffic Maintenance-King County 360,100 479,329 133.1% Traffic Impact Fee 27,607 29,548 107.0% Sutotal Traffic Services 468,707 558,105 119.1% Street Maintenance - Private Contractors (2) 261,382 133,769 51.2% Street Maintenance - WSDOT 50,036 21,065 42.1% Structure Maintenance (3) 119,367 119,367 100.0% Subtotal Street Systems 430,785 274,201 63.7% Pavement Management System 20,000 19,540 97.7% Subtotal Overlay Program 20,000 19,540 97.7% Solid Waste litter Control 48,250 48,755 101.0% Subtotal Solid Waste 48,250 48,755 101.0% Water Utility Billing - KC 79,845 48,892 61.2% Watershed Interlocal Agreement - 10,375 nla State Highway Maintenance - WSDOT 20,000 10,532 52.7% Water Analysis 13,877 9,561 68.9% Str. Sweeping, Catch Basin, Manhole & Pipes 213,711 177,032 82.8% Total Surface Water Management 327,433 256,392 78.3% Snow & Ice Removal 26,200 4,358 16.6% Subtotal Snow & Ice Removal 26,200 4,358 16.6% Total Contractual Services $ 1,329,375 $ 1,145,301 86.2% (1 ) Expedited plan review service expenditures have matching revenues. (2) Private Contracts for streets maintenance/traffic control ($16,687), ROW vegetation, mowing and tree maintenance ($161,000), stump grinding, irrigation services, dangerous tree removal ($10,000), small works projects ($14,000), noxious weed control ($6,000), paving inspection services ($17,445), and tree replacement ($20,000). (3) Private Contractors for sidewalk, ramps, curb and gutter maintenance ($112,696) and fences, guardrails, barriers and retaining wall maintenance ($6,671). 17 GL9 Cifv of Federal Way Preliminary December 2004 Quarterlv Financial Re/Jort CASH & INVESTMENTS The following table shows the in-house investment activity schedule and their related yields and comparison to benchmark. Per policy, the basis used by the City to determine whether market yields are being achieved is the range between the average 6 month US Treasury Bill (2.50%) and the State Investment Pool (2.07%). The current in-house investment yield.is 2.61% which is greater than both benchmarks. Investment Schedule December, 1.004 Settlement Investment Maturity Yield to Type Date ParAmount Cost Date Maturitv Agency - FNMA 3136F3V3 07/21/03 $ 800,000 $ 797,500 07/21/06 2.38% Agency - FHLB 31339YZX3 08/14/03 $ 1,000,000 $ 1,000,000 08/14/06 2.52% Agency - FFCB 31331QN78 06/09/03 $ 1,000,000 $ 999,500 03/09/07 2.46% Agency - FNMA 3136F3VQ6 OS/27/03 $ 1,000,000 $ 1,000,750 OS/25/07 2.48% Agency - FNMA 3136F3UT1 05/30/03 $ 1,000,000 $ 997,529 12/03/07 2.59% Agency - FHLMC 3128X1VW4 08/22/03 $ 900,000 $ 887,400 01/30/07 3.18% Average Maturity 388 Average Yield to Maturity 2.61% Average Yield - 6 mo. T-BiII 2.50% Municipal Investor Account $ 19,879,153 1 day 2.15% State Investment Pool $ 31,699,452 1 day 2.07% Average Portfolio Maturity & Yield 39 2.16% T otallnvestrrierlts $.51,261,284 , . The total invested balance at the end of December is $57.3M, which includes $31.7M in the state investment pool, $5.7M in-house investment purchases, and $19.9M in the Municipal Investor Accounts. The state pool is composed of agency coupons (9.1 %), discount notes (64.5%), certificates of deposit (8.0%), treasury securities (3.5%) and repurchase agreements (14.9%). The City's total investment portfolio is made up 55% State Pool, 10% In-House Investments, and 35% Municipal Investors Accounts. Investment Interest Rates Comparison For the Month of December Total Portfolio by Category December 31,2004 4.0% 3.5% 3.0% 2.5% 2,0% 1.5% 1,0% 0.5% 0.0% 86 Month T-Bill . State Investment Pool Din-house Investment Ell Municipal Investor Account . Portfolio Average Municipal Invenstors Account 35% 2002 2003 2004 In-House Invest (Agencies) 10% 18 GVJ Otv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report FUND ACTIVITY SUMMARY Beginning Fund Fund Balance at 1/1/04 Revenue Expenditures Net Income In/{Out) 12/31/2004 GeneraVStreet Fund: $ 8,109,614 $ 33,713,471 $ 37,280,590 $ (3,567,119) $ 4,542,495 Debt Service Fund: (1) 2,599,652 8,793,530 6,936,669 1,856,861 4,456,512 Special Revenue: Arterial Street 483,750 1,826,483 1,184,765 641,718 1,125,468 Utility Tax (1) 803,062 7,519,572 8,322,634 (803,062) (O) . Solid Waste & Recycling 142,776 315,645 295,718 19,927 162,703 Special Study (Gov. TV) 29,723 5,453 (22) 5,475 35,198 Hotel/Motel Lodging Tax 216,999 144,616 192,680 (48,065) 168,935 2% for the Arts (2) 9,710 - 110,636 (110,636) (100,926) CDBG 9,795 442,052 300,962 141,090 150,886 Paths & Trails - 9,509 - 9,509 9,509 Subtotal Soecfal Revenue Funds 1,695,816 10,263,330 10,407,372 (144,042) 1,551,773 Capital Project: Municipal Facility 6,923,229 865.808 6,371,263 (5,505,455) 1,417,775 Downtown Revitalization - - - - - Unallocated 1997 Bond Proceeds - - - - - Community/Senior CenterlPool 17,087,417 2,443,750 863,867 1,579,883 18,667,299 Celebration Pari< 115,735 3,754 7,398 (3,645) 112,090 Pari< Improvements 829,123 1,102,136 418,646 683,491 1,512,614 Surface Water Management 6,538,635 2,352,424 2,505,069 (152,645) 6,385,990 Transportation 8,369,009 14,308,281 9,232,947 5,075,334 13,444,343 Subtotal Capita/ Projects 39,863,147 21,076,153 19,399,190 1,676,963 41,540,110 Enterprise Funds: Surface Water Management (3) 935,697 3,525,066 4,049,859 (524,793) 410,904 Dumas Bay Centre Operations (22,234 ) 503,371 478,159 25,213 2,979 Dumas Bay Centre Capital 266,881 125,829 - 125,829 392,710 Knutzen Family Theatre Capital 50,623 837 - 837 51,460 Knutzen Familv Theatre Operations 8,005 187,539 201,209 (13,671) (5,666) Subtotal Enterprise Funds 1,238,971 4,342,642 4,729,227 (386,584) 852,387 Internal Service Funds: (4) Risk Management 4,014,558 865,169 742,117 123,052 4,137,610 Information Systems 1.876,477 1,599,316 1,429,424 169,892 2,046,369 Mail & Duplication 162,878 199,761 153,406 46,354 209,233 Fleet & Equipment 2,248,095 1,293,211 1,119,996 173,215 2,421,310 Buildings & Fumishings 55,516 417,316 332,723 84,593 140,109 Subtotal Internal Service Funds 8,357,524 4,374,772 3,777,665 597,107 8,954,631 Total All Funds $ 61,864,723 $ 82,563,898 $ 82,530,713 $ 33,185 $ 61,897,909 (1) Utility Tax and Debt Service fund balance is reserved for the payment of debt service. (2) 2% for the Arts deficit balance due to New City Hall, not yet budgeted. (3) SWM deficit balance due to timing of transfers to Capital Projects. (4) Internal Service fund balance is comprised of accumulated replacement reserves for the purpose of fixed asset replacement, with the exception of Risk Management, which is comprised of accumulated reserves for self-insurance and strategic reserve. GZJ 19 Citv of Federal Wav Preliminarv December 2004 Ouarterlv Financial Report SUMMARY ATTACHMENT A ATTACHMENT A CITY OF FEDERAL WAY SUMMARY OF SOURCES AND USES OPERATING FUNDS Through December 2004 1999 - 2004 2004 Revised Budget Actuals Variance Through Through Favorable /Unfavorable) ourceslUses 1999 2000 2001 2002 2003 Annual December December Dollars ($) Percent!".) Beginning Fund Balance $ 17,580,138 $ 18,050,656 $ 20.817,900 $ 22,799,494 $ 24,598,825 $ 13,352,681 $ 13,338,452 $ 13,338,452 $ - 0.0% Operating Revenues Property Taxes 6,612.491 6,976,972 7.215.272 7,644,130 7,951.964 6,107,771 8,107,771 6,120,976 13,205 0.2% ales Tax 9.664.945 10.159,770 10,302,061 10,773,246 10.518,231 10.835.153 10,835,153 10.536,297 (298,856) -2.8'!. HotellMotel Lodging Tax 47.182 122,507 138,817 129,299 142,041 134,000 134,000 141,737 7.737 5.8% riminal Justice Sales Tax 1,478,343 1,632,969 1.653,470 1,600,854 1.596,387 1,714.051 1.714.051 1.639,478 (74.573) -4.4% Intergovernmental 4,942,878 4,217.599 3.730.923 3.545,956 2,857,314 2,810,601 2,810,601 2.822,568 11,987 0.4% Real Estate Excise Tax 2,438,148 2,149,790 1,997.537 2,517,473 2,851,398 1,900,000 1,900,000 3,057,745 1.157,745 60.9% Gambling Taxes 1,430,362 1,601,699 2,227,117 1 ,926,443 1,803,996 1,850,000 1,850,000 1,419,973 (430,027) -23.2% Utility Taxes 5,201,078 5.524,330 6,073,931 6.156.679 6,984,127 7,253.021 7,253,021 7,512,343 259,322 3.6% Court Revenue 805,928 889,832 1,007,514 1,047,397 1 ,239,552 1,275,975 1.275,975 1.186,792 (89,183) -7.0% Building PennitslFees-CD 1,298,040 1,062,094 1,051,483 1,488,826 1,293,244 1,194,009 1,194,009 1,554,493 360,484 30.2% Expedited Review Fees-CD 98.677 148,175 122.502 188,379 214.454 - - 64.856 64,856 n/a ROW PennitslFees-PW 237,871 260,401 364.569 299,479 396,240 377,296 377,296 291,275 (86,021) -22.8% Expedited Review Fees-PW 66,243 51,501 33.176 47,853 32,066 - 31,518 31,518 n/a Ucenses 179,120 137,180 98,650 157,512 117,191 142,100 142,100 177,495 35,395 24.9% Franchise Fees 469,923 496,418 591,965 616,668 671,975 653,062 653,062 700,714 47,652 7.3% Passport Agency Fees - - 57,910 57,910 n/a Recreation Fees 525,263 538,930 551,068 617,179 727.496 934,950 934,950 846,176 (88,774) -9.5% Dumas Bay Centre 492,702 484.865 567,386 509,554 462,285 500,250 500,250 481,137 (19,113) -3.8% nutzen FamJly Theatre 48,883 81.144 86,771 80,308 113,165 76,601 76,601 95,544 18,943 24.7% Interest Eamings 1,064,181 1,315.590 784,628 445,160 510,462 632,180 632,180 213.693 (418,487) -66.2% Admin/Cash Mgmt Fees 168,480 170,588 476.302 480,748 526,592 542.000 542,000 541,495 (505) -0.1% SWM Fees 3,125,973 3,074,347 2.944,439 3.087,207 3.397,997 3,437,136 3.437,136 3,517,129 79,993 2.3% Refuse Collection Fees 147,062 154,365 149,514 187,725 163,458 168,545 168,545 179,076 10,531 5.9% Police Services 302,902 967.328 633,096 699,185 974,849 1.011,899 1.011,899 1,247,713 235,815 23.3% MiscellaneousfOther 153,075 54164 116861 129182 105681 111349 111349 75101 /38 248 -32.6% otal Operating Revenues 40,989,749 42,272,559 42,939,031 44,376,443 45,652,162 45,661,949 45,661,949 4&,513,255 851,307 1.9% Operating Expenditures ity Council 217,998 195,431 207,604 258,062 285.443 305,038 305.038 280,776 24,262 8.0% ity Manager 595,744 405,195 654,896 702,765 648,912 924,753 924,753 781,846 143,107 15.5% Municipal Court-Operations 369,031 793,644 1,043,290 1,190,711 1,315,011 1,441,066 1,441,066 1,370,582 70,484 4.9% Management Services 1,728,101 1.613,592 1,662.975 1,747,702 1,754,553 2,043,473 2,043,473 1,875.539 167.935 8.2% CiviUCriminal Legal Services 1,261.989 1,225.375 1,167,796 1,143,436 1,231,859 1,427.447 1,427.447 1,170,019 257,428 18.0% Comm. Development SVC5 2,768,211 2,969,146 3.051,482 3.038,385 3.337,231 3,720,212 3,720,212 3,234,036 486,175 13.1% Police Services 11,950,812 12,899,772 13,024,013 14,217,460 14,838,136 16,075,115 16,075.115 15.374,108 701.007 4.4% Jail Services 1,417,846 1,375,698 1,204,696 993,100 1,056,106 1,384,060 1.286,923 935,349 351,573 27.3% Parks and Recreation 3.088,798 3.007.220 3,069,826 3,220,393 3,647,537 4,042,762 4,042,762 3,731,681 311,080 7.7% Public Works 3,307,350 3,150,634 3,176,155 3,514,203 3,568,847 4,046,049 4.046,049 3,553,079 492,970 12.2% City Overlay Program 1,764.443 1,458,054 1.358,785 1,657,409 1,982,519 1,329,632 1,329,632 1,184.765 144,867 10.9% Solid Waste 233.635 294,540 355,471 296,354 321,037 367,661 367,661 295,718 71,943 19.6% HotellMotel Lodging Tax 101 72,298 48,015 105,758 104.577 350,999 350,999 192,680 158,319 45.1% ~urface Water Management 1,562,123 1,533.594 1.709,298 1,835,915 2,183,531 2,480,447 2,480,447 2,320,870 159,577 6.4% Debt Service 5,307,192 4.328,241 4.498.092 4,485,280 15,863,046 5.889,631 5.889,631 5,561,669 327,962 0.0% Dumas Bay Centre 487,184 475.759 557.437 504,604 482,436 501.630 501.630 478.159 23,471 4.7% Knutzen FamUv Theatre 147223 183 280 159 432 160 732 186765 179177 179177 .201209 122 032 -12.3% otal Operating Expenditures 36,207,761 35,982,073 36,969,284 39,072,269 52,809,566 46,509,151 46,412,014 42,541,884 3,870,130 8.3' Operating Revenues over/(under) Operating Expenditures 4,781,989 6.290,486 5,969,767 5,304,174 (7.157,404) (847,202) (750,065) 3,971,371 4,721,436 -629.5% Other Financing Sources 5,381.058 2,818.304 5,269.286 4,634,062 14,662.034 8,803,725 9,118.319 9.118,319 - 0.0% Other Financing Uses 9,312.902 6,101.206 9.431,269 8.184,384 20.050,416 17,020,488 17.326.128 17,326,128 0.0% Ending Fund Balance Solid Waste 299.841 275.459 199,343 162.898 117.723 83.536 - 162,703 n/a nfa Arterial Street 349,431 487,494 719,952 695,572 483,797 941,000 1,125,466 nfa n1a Utility Tax 2,630,149 4,407,260 6.170,755 7,872,948 647,796 637.166 (0) n1a n/a ~now & Ice Removal 100.000 100,000 100.000 100.000 100.000 100.000 100,000 n1a n1a Surface Water Management 1.653.058 751,394 500,811 487,502 955.255 214,656 - 410.904 n/a n1a Path & Trails 22,353 32,414 41,863 51,592 61,114 5,531 9,509 n/a n/a Strategic Reserve 2.028.204 2,028,294 - nfa n1a Debt Service 5.748,509 6.038,386 6.508.123 5,579,129 2.631,858 1.547,857 - 4.456,512 n/a n1a Dumas Bay Centre Operations 2.519 12,632 30.372 438 (22,235) 2,119 2,979 n/a n/a Knutzen Family Theatre 13,372 17,665 26,140 21,233 8,004 (5,666) n/a n/a Police 334.176 539.431 540.424 562.944 379.539 376,626 280,230 n/a nfa P3 300,000 300,000 300,000 300,000 300.000 300,000 - 300.000 n/a n/a Interfund Loans 10,000 10,000 10,000 30,500 10.000 10.000 10.000 n/a n/a Unreserved 4.738.670 6,057.611 7,475.901 8.688,591 6.380.188 1129.795 2,249.375 nfa n1a otal Endina Fund Balance $ 18,430,282 $ 21,058,240 $ 22,625,685 $ 24,553,346 $ 12,053,039 $ 4,288,716 $ $ 9,102 014 $ 4,721,436 nfa GZ-1- 20 r .... 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" 13 u '"' E~ E ~~~ ~~gU)o. ~ lL~o(l.E g BA~O' ~~.:>:j::: ,~, , , I ~ I--- :::: z f-- <( Z - :::: z I-- <( Z - - - <( z - .". e N - .... e E ~I .. <) Sta~ o c: <) ~.~.~ ";icoo. ,,~ u " ~ <) ~.~ ~ EE ~"g ~ ~ o 0 ""= :E1:2 L tEl", 0-0 b" ~8. ~I! ~.... 5 o u .~ ~ B~ c... u).....:! 5~ i7:-o ~OUiU =1 >.N E U5 ..,j ~I~ ~~ B8 ~ ~ 'E.. e .5 ~ U)QJU)E~O ~j.~-~~~ 0-"'0;..:::-5 ~ ~ 3 .~ g.~ ;:3 ..J1U5 '" cr-o '" '" c: l1) .S u B ~ fJ" ~ -a 0 f-c 0.... > 0 ~ ~~. ~::; ,..L., -cove ::!gf l~; i 0,.:..... ro s..o ~ t:> Erg~'a"B ~ rii 0 lU .... 0 ~I:' ::: U5 U5 U E UJ", GLl MEMORANDUM Date: January 21, 2005 To: Finance, Economic Development & Regional Affairs Committee Via: David Moseley, City Manager . From: Tho Kraus, Finance Manager Subject: Vouchers Action Requested: Accept the vouchers and forward to the January 25, 2005 Council meeting for approval. . . .....':.:....: ", n:":" "'," ' ",'." , Y.:.".:-::.. .,..", ApPROV AI-OF 'CQMMirTEEACTION: '.< .. . '. '~".~:' "1:":';'. :.: '."~.' ':", " . ..' .... Committee.Membcr Committee Member k:\fin\acctspay\checkrun\mfr cover. doc HI MEETING DATE: January 25, 2005 ITEM# CITY OF FEDERAL WAY City Council AGENDA BILL SUBJECT: VOUCHERS CATEGORY: BUDGET IMPACT: IZI CONSENT o RESOLUTION o CITY COUNCIL BUSINESS o ORDINANCE o PUBLIC HEARING o OTHER Amount Budgeted: Expenditure Amt.: Contingency Req'd: $993,870.56 $993,870.56 $ ATT ACBMENTS: VOUCHER LIST SUMMARYIBACKGROUND: under penalty of perjury that the materials have been furnished, the services escribed . nd that the claims are just and due obligations against the City of t am au . z to authenticate and certify said claims. CITY COUNCIL COMMITTEE RECOMMENDATION: Approve attached vouchers pursuant to RCW 42.24 PROPOSED MOTION: I move approval of Vouchers. CITY MANAGER APPROVAL: (BELOW TO BE COMPLETED BY CITY CLERKS OFFICE) COUNCIL ACTION: o APPROVED o DENIED o TABLEDIDEFERRED/NO ACTION o MOVED TO SECOND READING (ordinances only) COUNCIL BILL # 1 ST reading Enactment reading ORDINANCE # RESOLUTION # REVISED - 05/10/2001 141- .... 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