Council MINS 05-16-2000 Special i t
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FEDERAL WAY CITY COUNCIL
Special Meeting
Council Chambers — City Hall
May 16, 2000 — 6:00 p.m.
Minutes
I. CALL MEETING TO ORDER
Mayor Park called the special meeting of the Federal Way City Council to order at the hour of
6:05 p.m.
Councilmembers present: Mayor Mike Park, Deputy Mayor Linda Kochmar, and Councilmembers
Jeanne Burbidge, Mary Gates, Michael Hellickson and Phil Watkins. Councilmember Dean
McColgan was excused.
City staff present: City Manager David Moseley, City Attorney Londi Lindell and City Clerk Chris
Green.
II. 2001 -02 BUDGET PLANNING
Staff Presentations
Management Services Director Iwen Wang presented a brief power point on the preparation of the
upcoming budget process —a copy of the presentation is attached hereto and marked as Exhibit "A ".
III. ADJOURNMENT
Being no further business to come before the Federal Way City Council, Mayor Park adjourned the
special meeting at the hour of 6:50 p.m.
/
Christine Green, CMC
City Clerk
s
ORIGINAL
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Items Will Be Covered Tonight
2001 -2002 Budget
e t pdate Council on the progress of public
Preparation pro <esses
t`'pdate Council on baseline revenue and
cypcnditurc projections
Status Update
IA to .d 60PM
Progress of Public Processes Key budget dates
�- ent D ates
Budget open houses — 2 conducted C ounc il Retreat -Itud 't Direction -I;
i (onaiuunitt' meetings — 4 conducted and 5 t3ud \(,dints \p ril AI.n
more planned tinda.et'su Cpdate la -AI
[ e ru Stir, cti Results and 1st t3udgct Public 11,J11112 If, 4111
- Butt si — 712 returned. data being entered and
anal t bl Yru e 7 uet to Council ft tiep
v sI S t he perfoinied Pubhe Hearuag on Rea elute Pinicenon 1
DcpaitmLnt budget preset. boos to Council 16 - :u Oct
\ dditional C ouncil study sessions. iruccded 30 Uct - 3 N
3rd Mal 1,1140. Public 110.11102 tioc
C ouncilbudgetp r opertv tacdcciviun,Old 1st rc. idinr ? -A
C ouncil adopts budget prupe0 tai lev c 2
Budget Assumptions MVE T Revenue Backlit'
Genet al r 'sheet Fund, : r T he City ,1vill receive $228.709 in 2000 (half
Property °1 is nevy 1 0nstl'uction at 1 °o per } ear. no year); a $457.417 in 2001 (full rear) in
intlt ttionar■ atljustment: rev ised dotrmcard be S200k \tV T revenue loss hackfill horn the state.
g�crr this is an arm ard adjustment of S457k per
S lax: an upward rev ision o S3 50k per rear for e car.
200I/02 loon the 59, I million initial estimate to 59.4 � • fhe back fill ooill he o- coin <>
million. This is 3. I5 °o Icss than the 59.7 million
anticipated for 2000. Pulure grow rate lot sales tax • 1 Mule distribution ■■ i11 he adjusted annually hr the
is assumed at 2. states fiscal gro'rth Liam (Ao erase o1 IPI) plus
Gambling Tax: 51.3 million per y ear: this Is a upward pop grotcth fur the past 3
rec ision of 1 / 4 .1101. per year-
Wail: IT
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Expenditure Assumptions — Expenditure Assumptions cont.)
p llast_line operating e\penditure increase by 2"0 p PION idc on-uoine. tundbit.: for nu iood
tor 70no ot consumer price index): Police North t ommunit. and \\ est, _ •
Maintain I !Liman ‘ser■ ices fundine, at S400.000 substations and the Victim .1ssistant._ - i ow am.
per >ear: ‘\ hiLh arc currently furtied on a on.- 1,:. bask
p lad cost stabil/es at $1.5 million a .ear in 2000 "-Continue contract pros-:cutur lo m _ .ears
and 2001, and increase by 5% per year (no on-u.ohm fundinu) until \\ ha \ e — )re
Met cane::
e \ pei ience 1 ■ ith the Cit.'s I\ lunicipal _ow t. an
p Itecogni/e paid oh of eit\ hall mot tage in ‘ ideo arraignment pr.1111`,.
2002.
General/Street Operating Revenue Cieneral/Street Operating Exp..
1,,,, { ■ :I I I 1 :,, 1 11 \d 2 ,, ) I 2w! 11
Lt \,,,p1,1 1 131. , 1 ,ifinak Piole,.h...1 ,
(. ount II to,lf \I
',ilk t I s ''' 1 5919 , ',Att.,. , t) - 1)., ,,, si
i Ninnnit tt. )ni
1 1 -
/ - ,,, t vn t,1 -,4 ',tool 7 on,
t , nu1 ts Do ,Iol , nt - -:-• 2 - 1' , 2 • 2 1' ,
1, 11
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(-, 1 I 11,,,. 1, 1 , , 20 1 1 1, I : 1
Wht td li‘1, , 4 , ,: , 3 1 4 ■ 011 4 r, 1 i 1 o 11 H 1 ( tun II I ' • . 1 ,,,. 2
, I . a_ I ■ 111 ,.1.1,c. i 1 ,, 4 "2 I - ,
i'srksRss',4. 1152
1 i l',.,■ \l I t 0, i 4 5 1 454 , 1 ,,,t I , s 1 1 1 ,, ,
4- rt 1 11 tn41 1 , 12 :
1 ,,,, ,, ,, , 149 ,,
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,,,,,..< 11 t, 't-5 1 ''',' ' i -' , 4 2 ul• 2 nw' 2 on Po11i,11 tro...) 2 5 .. .,L■
+
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10111 , n2 - .6;4 S25,6 n.,25,5119 Sr. 011 S2' R t“n\t m,n,
.11.
lot il 02 sz.....=n srAo 12l ,'3 0r49.2
5 ',MI 545 tan“. l'1u1&rj1li lor k I.1 , 111,1r, r
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The Bottom Line - 1,ong Range Outlook
,lth■ I 112 13 Pt,.-11no ontuLtlopl to,:nu, ls27 11 million Pk kot.td P4121111e (MO \1111 IZate
2061 02 13 t■Aitl,: el II TI Q\ p,Ildlitilk: M27 96 million l'Ittit.t.. led I yniditur,.. (0101“11 12 i 4
Pt eneekd Revenue Expenthun 9. Gap 5 850,000 'ear Lon:;-(ernt huphenuon: the re' el: gap nal (tummy to hut. n
027.962 . •
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111111.111111
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• 111••115121M• 1011 Ill •
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• MI 11= NI I. •
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Utility Tax
Projected at S5.5 million in 2001 and to increase
Other Revenues b t 4 ° {, per) ear for future year;.
r Debt service. 0‘erlay. and Nt&() requirement:
S4.4 million.
tilit■ Tax Balance is currently set aside for early
-R1N I retirement of debt.
-f od�ging Tax
Real Estate Excise Tax x Lod ging Tax
U pdate 200 {) }'ear -end estimate to S I.9 million. r Projected at 591).000 per) ear starting 2001, up
• This and the additional 1999111:1: 1 collected, provides from $70,000 initiall■ projected.
S1,2 million capital ft udinh for 20111!02.
Projected at `o1.( million per )ear for 2001 and t =5c Of tax still be recommended by Lodi ing
bciond, up !lean 51 2 million initial!, kiss. isor) (ommittec.
projected for 2001x2002.
• Debt Serv ice support by REliT: S1.2 million a :tear.
• Excess REET plus ins cstment interest means 55001: per
y ear will be available for capital purposes.
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