CITY OF UNIVERSITY PLACE 20012002 Proposed Biennial Budget October 2, 2000

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CITY OF UNIVERSITY PLACE2001/2002
ProposedBiennial BudgetOctober 2, 2000
Presented by Finance and Information Services
Department
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OVERVIEW

• Budget Schedule
• Budget Format
• 2001/2002 Goals
• Financial Summary
• Revenue Assumptions
• Expenditure Assumptions
• Ending Fund Balances

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BUDGET SCHEDULE

• CIP Workshop 9/25/00
• Budget filed with City Clerk 10/2/00
• Budget Message 10/2/00
• Budget Overview/Public Hearing 1 10/2/00
• Department Budget Presentations 10/9/00
• Budget Discussions 10/30/00
• Preliminary Property Tax Levy
• Revenue Ordinances and Resolution
• Budget Discussions/Public Hearing 2 11/6/00
• Budget Discussions/Adds Drops 11/13/00
• Budget Discussions/Adds Drops 11/20/00
• Property Tax Levy/Public Hearing 3 12/4/00
• Adopt Budget 12/4/00 or 12/11/00

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BUDGET FORMAT

• Budget Message
• Budget Guide
• Executive Summary
• Long Range Forecast (new)
• Operating Budget
• Budget by Fund
• Capital Budget
• Appendix
• Budget-In-Brief
• Eden Detail

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BUDGET FORMATBudget Guide

• Budget Process
• Budget Guidelines
• Basis of Accounting and Budgeting
• Readers Guide

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BUDGET FORMATBasis of Accounting (contd)
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BUDGET FORMATExecutive Summary

• Summary of Sources and Uses
• Revenue Assumptions
• Ending Fund Balances
• Expenditures by Object Category
• Comparative Statistics
• Property Tax Levy
• Demographic Information
• Long Range Financial Forecast

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BUDGET FORMATOperating Budget

• Department Division Summaries
• Purpose Responsibilities
• Goals/Issues/Major Work
• Resource Allocation Chart
• Multi-Year Expenditure Comparison
• Highlights Changes
• Personnel Summary
• Community Service Indicators

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BUDGET FORMATBudget by Fund

• Purpose and Description
• Sources and Uses
• Multi-Year Sources and Uses Comparison

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BUDGET FORMATCapital Budget

• Overview
• Revenue Expenditure Guidelines
• 2001/2002 CIP Sources Uses
• 6-Year CIP
• Summary
• Public Works CIP
• Parks CIP
• Municipal Facilities CIP

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BUDGET FORMATAppendix

• City Map
• Boards and Commissions
• Debt Service
• Miscellaneous Statistical Section
• Glossary of Budget Terms
• Proposed 2001 2002 Salary Range
• Historical Projected Staffing Levels

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BUDGET FORMATBudget-In-Brief

• Vision
• Budget Message
• City-Wide Organizational Chart
• Operational Budget
• Capital Budget
• Boards and Commissions
• Miscellaneous Information
• Historical and Projected Staffing Levels

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BUDGET FORMATEden Detail

• Departmental Line-Item Detail
• Capital Improvement Budget
• Summary of Sources and Uses
• CIP Project Sheets
• Schedule of Fees and Charges

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2001/2002 GOALS

• Parks Plan Implementation
• Access Available Health and Human Services
• Town Center Plan Implementation
• Street Lighting Needs
• City-Wide Sewer Service Strategy
• Historic Places Names Policy
• Public Art Program
• Endangered Species Act (ESA)
• Transportation Strategy

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FINANCIAL HIGHLIGHTS

• This section provides an overview of the City of
  University Places 2001/2002 Proposed Biennial
  Budget

• Financial Summary
• Revenue Assumptions
• Expenditure Assumptions
• Debt Management
• Reserves/Ending Fund Balance

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FINANCIAL SUMMARY
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REVENUE OTHER SOURCES
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REVENUE ASSUMPTIONS

• Operating Revenue
• grows 1.5 mil or 13.3 in 2001
• grows 567,000 or 4.4 in 2002
• Property Tax (within I-722)
• decreases 27,467 or 1.1 in 2001
• grows 87,598 or 3.5 in 2002

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Revenue Assumptions (contd)

• Implicit Price Deflator (IPD) estimated to be
  2.0 in 2001 and 2.0 in 2002
• AV estimated to grow 2.5 in 2001 and 2002
• New construction estimated to be 1.5 of total AV
• Delinquencies assumed to be 0.5
• Levy Rate
• 1.56 in 2001
• 1.55 in 2002

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Revenue Assumptions (contd)

• Sales Tax
• 77,621 or 6.7 growth in 2001
• 36,002 or 2.9 growth in 2002

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Revenue Assumptions (contd)

• For each dollar of sales, 8.5 tax goes to
• State ...6.50
• City . 0.85
• Pierce Transit .. 0.30
• Regional Transit . 0.40
• Pierce County . 0.15
• Regional Parks.... 0.10
• Pierce County Jail.. 0.10
• Criminal Justice .. 0.10
• Total 8.50

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Revenue Assumptions (contd)

• Criminal Justice Sales Tax
• 22,422 or 7.0 growth in 2001
• 6,815 or 2.0 growth in 2002
• Utility Tax
• 177,282 or 15.8 growth in 2001
• 40,357 or 3.1 growth in 2002

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Revenue Assumptions (contd)

• Gambling Tax
• 9,383 or 10 growth in 2001
• 513 or 0.5 growth in 2002

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Revenue Assumptions (contd)

• Real Estate Excise Tax (REET)
• 420,000 estimate for both 2001 and 2002
• Franchise Fees
• 235,962 or 30.0 growth in 2001
• 151,817 or 14.7 growth in 2002

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Revenue Assumptions (contd)

• Franchise Fees
• Cable Franchise Fees
• 29.1 growth in 2001
• 2.0 growth in 2002
• 5 franchise fee
• Refuse Franchise Fees
• 7.7 growth in 2001
• 2.0 growth in 2002
• 4.0 franchise fee

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Revenue Assumptions (contd)
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Revenue Assumptions (contd)

• Building Permits
• 12,527 or 3.5 growth in 2001
• 92,000 or 24.7 growth in 2002

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Revenue Assumptions (contd)

• State-Shared Revenue Assumptions
• City population totals 30,310 in 2001 (2.6
  growth) and 30,765 in 2002 (1.5 growth)
• State-wide population projected to grow 1.2 in
  2001 and 1.7 in 2002
• State-Shared Revenue
• 55,623 or 4.8 growth in 2001
• 23,468 or 1.9 growth in 2002

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Revenue Assumptions (contd)

• Fuel Tax
• (3,325) or .7 decrease in 2001
• 10,398 or 2.3 growth in 2002
• Liquor Excise Tax
• 4,967 or 5.4 growth in 2001
• 1,725 or 1.8 growth in 2002
• Liquor Profits Tax
• 11,985 or 6.8 decrease in 2001
• 1,271 growth in 2002
• Criminal Justice Low Impact
• 62,534 growth in 2001
• 610 or 1.0 growth in 2002

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Revenue Assumptions (contd)

• Vehicle License Fees
• 4,517 or 2.0 growth in 2001
• 4,607 or 2.0 growth in 2002
• Local Government Assistance
• 919,307 or 100 growth in 2001
• 55,158 or 3.0 growth in 2002

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Revenue Assumptions (contd)

• Charges for Services
• 25,493 or 1.1 decrease in 2001
• 95,950 or 4.1 growth in 2002
• SWM Fees
• 64,430 or 4.4 growth in 2001
• 53,510 or 3.5 growth in 2002
• Administrative Fees from SWM
• 20,576 or 7.7 growth in 2001
• 10,393 or 3.6 growth in 2002
• Recreation Fees
• 136,188 or 35 decrease in 2001
• Flat growth in 2002

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Revenue Assumptions (contd)

• Planning Fees
• 13,976 or 15.1 growth in 2001
• 3,102 or 3.0 growth in 2002
• Engineering Fees
• 1,313 or 2.5 growth in 2001
• 1,345 or 2.5 growth in 2002
• Sales of Maps Publications
• 2,000 estimate in both 2001 and 2002

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Revenue Assumptions (contd)

• Fines and Forfeitures
• 8,000 estimate in both 2001 and 2001
• Miscellaneous Revenue
• Investment Income
• 51,689 or 32.1 growth in 2001
• 3,415 or 1.7 growth in 2002
• Assumes 5 rate of return

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Expenditure Assumptions
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Expenditure Assumptions (contd)
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Expenditure Assumptions (contd)

• Operating Expenditures
• grows 978,420 or 11.5 in 2001
• grows 319,559 or 3.4 in 2002
• CIP
• PW 2,937,779 / 2,338,554
• Parks 3,024,036 / 603,150
• Muni Fac 58,000 / 67,500

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Expenditure Assumptions (contd)

• Significant Changes
• Staffing to Limited Service Levels - 7.67 FTEs
• Debt Service requirements
• Replacement Reserves restored
• Elections
• Community Events/Involvement
• Fall Cleanup
• Fleet Replacement (2 vehicles)
• Risk Management (Insurance Premium)
• GIS

• ITS hardware and software replacement
• Animal Control
• Youth Intervention
• Property Management
• Sign Code/ESA/Census 2000
• Building Codes Enforcement - 40,000 for Fire
  Marshal Services
• Parks Maintenance
• Support for PW and Parks CIP

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Staffing Assumptions
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Staffing Assumptions (contd)

• Part-Year 2000 to Full Year 2001
• IS Analyst/Engineer 0.75
• Receptionist 0.25
• Recreation Coordinator 0.67
• Subtotal 1.67
• Position Reductions
• Recreation Coordinator (0.50)
• Subtotal (0.50)

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Staffing Assumptions (contd)

• Position Additions 2001
• Deputy City Manager 1.00
• Administrative Assistant-DCM 1.00
• Administrative Assistant-FSD 1.00
• Facility Maintenance Technician 0.50
• Park Project Manager (CIP) 1.00
• Engineering Technician (CIP) 1.00
• Engineering Inspector 1.00
• Subtotal 6.50
• Net Change from 2000 7.67

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DEBT MANAGEMENT
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RESERVES/FUND BALANCE
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Conclusion