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7a - 2015 Budget Amendment Ordinance
2015 BUDGET AMENDMENT/PACC FUND 2015 Proposed Amendment To The 2015/2oi6 Biennial Budget March 3, 2015 Purpose Amend 2015 Budget of 2015/2o16 Biennial Budget _ Fund balance adjustments Provide appropriation for approved projects Create new fund to track the operation of PACC Authorize Outreach Coordinator's rM position Ckound During the 2015/16 Biennial Budget Hearing, Council wanted funding for certain items restored Mayor Ferrell promised to address the funding issue in March after review of the fund balance The City has Preliminary Fund Balance pending the State Audit The City is projecting $467,397 above the beginning Fund Balance in the approved 2015/2ol6 Biennial Budget 6 C I-H11B1'['A opted Rudge! 20 i 2016 Beginning Beginning lending Fund Fund Fund Balance Revenue Fapenditure Fund Balance Revenue Expenditure Balance General Fund $ 12,194,695 $ 41,528,586 $ 42,385,070 $ I1,338,201 $ 42,709,838 $ 45,041,340 $ 9,006,700 Special Revenue Funds: Street 650,000 3,915,336 4,065,336 500,000 3,990,944 3,M,944 500,000 Arterial Street 100,000 1,515,500 1.515,500 100,000 1,515,500 1,515,500 100,000 Utility Tax 2,518,148 9,914,966 10,296,533 2,036,581 9,814,966 10,351,547 1,500,000 Solid Waste/Recycling 183,883 474,717 470,101 188,499 476,717 489,980 175,236 Special Contract/Studies - - - HoteVMolet Lodging Tax 245,300 20g300 200,300 245,300 200,300 200,300 245,300 2°/o for Arts - - - Community Center 1,636,738 2,198,500 2,288,724 1,546,515 2,198,500 2,199,112 1,545,903 Traffic Safety Fund 2,492,758 2,123,643 2,123,643 2,492,758 2,169,882 2,169,882 2,492,758 Real Estate ixcise Tax 3,286,857 1,900,000 2,723,773 2,463,084 1,900,000 2,725,123 1,637,961 Utility Tax Prop usition 1 1,002,600 2,868,824 2,841,965 1,029,459 2,968,824 2,898,294 1,000,000 Community Development 40,715 1,237,072 1,237,072 40,715 1,237,103 1,237,103 40,715 Paths and Trails 14,439 164,000 - 178,439 169,000 347,439 Strategic Reserve 3,000,000 3,000,000 3,000,000 Debt Service Fund 39,443 1,838,813 1,039,573 838,683 1,721,538 1,721,538 839,683 Capital Project Funds: Downtown Redevelopmen 25,459 - 25,459 25,459 Municipal Facilities 255 - 255 - 255 Parks 993,081 300,000 1,000,000 293,081 300,000 300,000 293,081 Surface Water Manageme 611,326 3,123,000 3,123,400 610,926 2,110,000 2,110,400 610,526 Transportation 424,675 12,810,000 8,470,000 4,764,675 12,733,000 14,595,000 2,912,675 Capital Project Reserve 480,0W - - 480,000 480,000 Perfanning Arts and Con fi 8,340,0W - 8,340,000 Enterprise Fund: Surface Water Managernei 3,968,141 3,350,768 5,254,931 2,563,978 3,930,768 5,597,727 997,019 Dumas Bay Centre 302,359 751,251 1,012,071 42,040 751,251 719,827 73,464 Internal Service Funds: Risk Management 1,949,464 924,443 924,443 1,949,464 924,443 924,443 1,949,464 ]nfonnation Technology 3,719,348 1,973,706 1,952,457 3,740,597 1,980,780 2,490,246 3,231,131 Mail & Duplication 216,054 128,482 145,001 199,535 129,482 111,369 216,648 Fleet& Equipment 6,456,498 2,187,598 3,081,275 5,562,821 2,017,798 1,824,075 5,756,545 Buildings & Furnishings 1,827,872 524,414 398,354 1,953,932 525,940 399,917 2,079,954 Health Insurance 1,960,179 4,205,220 2,614,999 3,550,400 4,205,220 2,614,999 5,140,621 Unernploymcnt Insurance 1,685,026 224,825 224,825 1,685,026 224,825 224,825 1,685,026 Grand Total Ad! Funds I 3 60,365,804 $100,783,964 $107,729,344 15 53,420,425 $100,805,519 $ 106,443,391 3 47,782,563 Ordinance No. 14-781 Page 4 of 4 Rev 111 U E A 6 C E IT B (1) 2015 R V ED BUDGET Fund Be ' Fund Balance Revenue Ex enditure Ending FundBalance PrlorAmount A 'ustmmt Revised PriorAmount A 'ustment Revised PrlorAmount A 'ustment Revised General Fund $12,194,685 $ 467,397 $ 12,662,082 $ 41,528,586 $ 177,922 $ 41,706,508 $ 42,385,070 $ 571,362 $ 42,956,431 $ 11,412,158 Special Revenue Funds: Street 650,000 (47,977) 602,023 3,915,336 289,527 4,204,863 4,065,336 241,550 4,306,886 500,001 Arterial Street 100,000 208,705 308,705 1,515,500 1,515,500 1,515,500 208,705 1,724,205 100,000 Utility Tax 2,518,148 192,446 2,710,594 9,814,966 9,814,966 10,296,533 138,413 10,434,946 2,090,614 Solid Waste/Recycling 183,883 20,252 204,135 474,717 474,717 470,101 30,000 500,101 178,751 Special Contract/Studies 435,062 435,062 189,290 189,290 245,772 Hotel/Motel Lodging Tax 245,300 154,996 400,296 200,300 200,300 200,300 154,996 355,296 245,300 2%for the Arts 293 293 293 FW Community Center 1,636,738 (63,269) 1,573,469 2,198,500 16,754 2,215,254 2,288,724 2,288,724 1,500,000 Traffic Safety 2,492,758 1,007,757 3,500,515 2,123,643 2,123,643 2,123,643 585,334 2,708,977 2,915,181 Real Estate Excise Tax 3,286,857 264,007 3,550,864 1,900,000 1,900,000 2,723,773 2,723,773 2,727,091 Utility Tax Proposition 1 1,002,600 (167,997) 834,603 2,868,824 2,868,824 2,841,965 2,841,965 861,462 Federal Way Performing Arts Center 10,000 10,000 10,000 10,000 Community Development Block Grant 40,715 8,211 48,926 1,237,072 1,237,072 1,237,072 1,237,072 48,926 Paths and Trails 14,439 182,225 196,664 164,000 164,000 360,664 Strategic Reserve 3,000,000 382,044 3,382,044 227,348 227,348 3,154,696 Debt Service Fund 39,443 34,043 73,486 1,838,813 1,838,813 1,039,573 1,039,573 872,726 Capital Project Funds: Downtown Redevelopment 25,459 307,601 333,060 227,348 227,348 537,604 537,604 22,804 Municipal Facilities 255 199,688 199,943 100,000 100,000 154,462 154,462 145,481 Parks 993,081 3,720,343 4,713,424 300,000 300,000 1,000,000 3,898,408 4,898,408 115,016 Surface Water Management 611,326 1,899,990 2,511,316 3,123,000 3,123,000 3,123,400 1,961,658 5,085,058 549,258 Transportation 424,675 7,787,164 8,211,839 12,810,000 1,822,655 14,632,655 8,470,000 7,892,867 16,362,867 6,481,627 Capital Project Reserve 480,000 167 480,167 480,167 Performing Arts & Conference Center 8,340,000 43,571 8,383,571 1,310,256 1,310,256 8,340,000 1,353,827 9,693,827 (0) Enterprise Fund: Surface Water Management 3,968,141 523,075 4,491,216 3,850,768 17,108 3,867,876 5,254,931 85,616 5,340,547 3,018,545 DumasBa Center 302,859 (121,659) 181,201 751,251 121,659 872,910 1,012,071 1,012,071 42,040 Internal Service Funds: Risk Management 1,949,464 (603,165) 1,346,299 924,443 924,443 924,443 12,273 936,716 1,334,026 Information Systems 3,719,348 219,653 3,939,001 1,973,706 1,973,706 1,952,457 477,563 2,430,020 3,482,687 Mail & Duplication 216,054 2,796 218,850 128,482 128,482 145,001 15,000 160,001 187,331 Fleet &Equipment 6,456,498 6,899 6,463,398 2,187,598 12,273 2,199,871 3,081,275 74,432 3,155,707 5,507,562 Buildings & Furnishins 1,827,872 (2,500) 1,825,372 524,414 524,414 398,354 398,354 1,951,431 Health Insurance 1,960,179 (928,426) 1,031,753 4,205,220 4,205,220 2,614,999 585,000 3,199,999 2,036,974 Unem to ementInsurance 1,685,026 227,265 1,912,291 224,825 224,825 224,825 224,825 1,912,291 TAW Funds $ 60,365,804 $ 16,360 657 $76, 726,461 $100783 964 $ 4105 502 $104 889 466 $ 107, 729344 $ 19,405,707 $127,135, 052 $ 54480 876 5 EX]Mrr B 70150..016 A-aM R.M-t 2015 2016 Beginning Beginning Ending Fund Fund Fund Balance Revenue Expenditure Fund Balance Revenue Expenditure Balance General Fund $ 12,662,082 $ 41,706,508 $ 42,956,431 $ 11,412,158 $ 42,709,838 $ 45,041,340 $ 9,080,656 Special Revenue Funds: Street 602,023 4,204,863 4,306,886 500,001 3,990,944 3,990,944 500,001 Arterial Street 308,705 1,515,500 1,724,205 100,000 1,515,500 1,515,500 100,000 Utility Tax 2,710,594 9,814,966 10,434,946 2,090,614 9,814,966 10,351,547 1,554,033 SolidWaste/Recycling 204,135 474,717 500,101 178,751 476,717 489,980 165,488 Special Contract/Studies 435,062 - 189,290 245,772 - - 245,772 HotePMotel Lodging Tax 400,296 200,300 355,296 245,300 200,300 200,300 245,300 Community Center 1,573,469 2,215,254 2,288,724 1,500,000 2,198,500 2,199,112 1,499,388 Traffic Safety Fund 3,500,515 2,123,643 2,708,977 2,915,181 2,169,882 2,169,882 2,915,181 Real Estate Excise Tax 3,550,864 1,900,000 2,723,773 2,727,091 1,900,000 2,725,123 1,901,968 Utility Tax Proposition 1 834,603 2,868,824 2,841,965 861,462 2,868,824 2,898,284 832,002 Federal Way Performing Arts Center - 10,000 10,000 - - - - Community Development Block Grant 48,926 1,237,072 1,237,072 48,926 1,237,103 1,237,103 48,926 Paths and Trails 196,664 164,000 - 360,664 169,000 - 529,664 Strategic Reserve 3,382,04.4 - 227,348 3,154,696 - - 3,154,696 Debt Service Fund 73,486 1,838,813 1,039,573 872,726 1,721,538 1,721,538 872,726 Capital Project Funds: Downtown Redevelopment 333,060 227,348 537,604 22,804 - - 22,804 Municipal Facilities 199,943 100,000 154,462 145,481 - - 145,481 Parks 4,713,424 300,000 4,898,408 115,016 300,000 300,000 115,016 Surface Water Management 2,511,316 3,123,000 5,085,058 549,258 2,110,000 2,110,400 548,858 Transportation 8,211,839 14,632,655 16,362,867 6,481,627 12,733,000 14,585,000 4,629,627 Capital Project Reserve 480,167 - - 480,167 - - 480,167 Performing Arts and Conference Centei 8,383,571 1,310,256 9,693,827 (0) - - (0) Enterprise Fund: Surface Water Management 4,491,216 3,867,876 5,340,547 3,018,545 3,930,768 5,597,727 1,351,586 Dumas Bay Centre 181,201 872,910 1,012,071 42,040 751,251 719,827 73,464 Internal Service Funds: Risk Management 1,346,299 924,443 936,716 1,334,026 924,443 924,443 1,334,026 Information Technology 3,939,001 1,973,706 2,430,020 3,482,687 1,980,780 2,490,246 2,973,221 Mail & Duplication 218,850 128,482 160,001 187,331 128,482 111,369 204,444 Fleet & Equipment 6,463,398 2,199,871 3,155,707 5,507,562 2,017,798 1,824,075 5,701,285 Buildings & Furnishings 1,825,372 524,414 398,354 1,951,431 525,840 399,817 2,077,454 Health Insurance 1,031,753 4,205,220 3,199,999 2,036,974 4,205,220 2,614,999 3,627,195 Unoyment Insurance 1 1,912,291 224,825 224,825 1 1,912,291 224,825 224,825 1,912,291 Grand Total AHFunds I S 76,726,461 S 104,889,466 S 127,135,052 1 S 54,480,876 S 1,90,805,519 S 106,443,381 S 41�843,014 T Proposed Changes In Gen,, Fund Restore HS Grant Program Funding - Addition to Sexual Assault RC Funding - Funding For Police Substation - Outreach Coordinator's Position - Office Addition Mayor/Council/IT/Parks - Economic Strategy 25t" Year Celebration PACC Operation Street Fund WE H R Technician Scholarship Inclusion Program DUI Grant Vest Partnership Grant 2014 JAG Grant 2013 JAG Grant Sex Offender Grant Auto Task Force Grant Total General Fund 861000 5,000 371400 74,746 1 WON 251000 251000 101000 471977 91500 636 151216 171100 301695 251364 261410 35,318 $ 571,362 Some of The Other Proposed Changes In Other Funds Lodging Tax Special Events 320tn St Entrance Sign Traffic Safety -Comp Plan Update Performing Arts Center -Operations Strategic Reserve: Debt service on TC3 TC 3 PACC L I FT Donation III Health Insurance Claim L1. 681996 86,000 115,000 10,000 127,348 100,000 - 310,256 - 1,000,000 - 477,563 - 585,000 Council Action Consider ist Reading of 2015/2oi6 Biennial Budget Amendment Ordinance. Questions7 ? Thank Yo u