HomeMy WebLinkAboutCity Council Committees - Operations - 01/20/2015 (3) KENT
WASH
1NG�0N Operations Committee Agenda
Council Members: Bill Boyce * Dana Ralph * Les Thomas, Chair
January 20, 2015
4:00 p.m.
Item Description Action Speaker Time Pace
Call to order.
Roll Call.
Changes to the Agenda.
1. Approval of Check Summary Report dated YES
12/16/2014 thru 12/31/2014.
2. Approval of Minutes dated January 6, 2014. YES 1
3. Ordinance amending KCC 5.03 "Taxicabs YES T. Brubaker 5 3
and Vehicles For-Hire" - Adopt
4. Stop Loss Amendment 6 - Information Only NO B. Fowler 5 13
5. 2015 Insurance Program Review - YES C. Hills 5 17
Information Only
6. Banking Services RFP - Information Only NO A. BeMiller 5 27
7. Investment Committee - Information Only NO A. BeMiller 5 29
8. 2015 Refunding - Information Only NO A. BeMiller 5 31
9. 2014 Supplemental Budget Ordinance YES A. BeMiller 5 33
10. November 2014 Financial Packet NO A. BeMiller 5 39
Unless otherwise noted,the Operations Committee meets at 4:00 p.m.on the first and third Tuesday of each
month.Council Chambers East, Kent City Hall, 220 4`h Avenue South, Kent,98032-5895. Dates and times are
subject to change. For information please contact Annalise LaPorte at(253)856-5705.
Any person requiring a disability accommodation should contact the City Clerlts Office at(253)856-5725 in
advance.
For TDD relay service call Washington Telecommunications Relay Service at 1-800-833-6388.
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1
sswa�KENT
WASHINGTON
OPERATIONS COMMITTEE MINUTES
January 6, 2015
Committee Members Present: Les Thomas, Chair, Dana Ralph and Bill Boyce
The meeting was called to order by L. Thomas at 4:00 p.m.
1. APPROVAL OF MINUTES DATED DECEMBER 16, 2014.
B. Boyce moved to approve the Operations Committee minutes dated December 16,
2014. D. Ralph seconded the motion, which passed 3-0.
2. APPROVAL OF THE CHECK SUMMARY REPORT DATED 12/1/2014 THROUGH
12/15/2014.
D. Ralph moved to approve the check summary report dated 12/1/2014 through
12/15/2014. B. Boyce seconded the motion, which passed 3-0.
3. RESOLUTION ADOPTING INDIGENT DEFENSE STANDARDS.
City Attorney T. Brubaker informed the committee that a new contract has been
negotiated with our public defense firm. In compliance with new indigent standards, the
resolution presented will ensure adequate representation for indigent defendants who
wouldn't otherwise be able to afford legal representation.
B. Boyce moved to recommend Council adopt the Resolution adopting indigent defense
standards for indigent defense services provided to the City of Kent and repealing
resolution No. 1843. D. Ralph seconded the motion, which passed 3-0.
4. EPLUS — PURE STORAGE ARRAY PURCHASE.
IT Technical Services Manager S. Kelsey proposed a contract to purchase a Pure Storage
Array. The array will provide the physical infrastructure necessary to replicate the City's
virtual production servers and data to the backup data center. In short, it will act as a
back-up server to the technical applications used by the City allowing IT to provide better
business continuity for the City's primary application servers.
D. Ralph moved to recommend City Council authorize the Mayor to sign the Agreement
and related documents for ePlus Technology, Inc. in the amount of $193,815, which
includes all applicable taxes, for the purchase of the Pure FA_420-17TB Storage Array
and 1 year maintenance, subject to the terms and conditions acceptable to the City
Attorney and Information Technology Director. B. Boyce seconded the motion, which
passed 3-0.
S. ACQUISITION OF A WASHINGON STATE SECTOR AND TIBURON RECORDS
MANAGEMENT SYSTEM INTERFACE.
IT Systems Manager C. Ryser put before the committee a contract that would modify an
existing software program used by the Kent Police Department. Currently, staff are
z
Operations Committee Minutes
January 6, 2015
Page: 2
creating and submitting citations and collision information directly to Washington State
agencies with the SECTOR system. In order to minimize staff workload and make the
citation and collision information more accessible to department staff by essentially
eliminating one step of data entry, the Kent Police Department needs Tiburon Inc. to
develop an interface. This new system will allow the information to be directly imported
into the department's record management system. The cost for developing and
implementing the SECTOR/Tiburon interface is $45,700. Only Tiburon can modify it's
program without violating the existing customer support agreement with the City.
B. Boyce moved to recommend the City Council authorize the Mayor to execute all
related document with Tiburon Inc., for the development of SECTOR and Records
Management System interface in an amount not to exceed $45,700 which includes all
applicable Washington State taxes. D. Ralph seconded the motion, which passed 3-0.
The meeting was adjourned at 4:17 p.m. by L. Thomas.
v ,
Annalise LaPorte
Operations Committee Secretary
3
LAW DEPARTMENT
� Tom Brubaker, City Attorney
� T Phone: 253-856-5770
WASH INGT°x Fax: 253-856-6770
Address: 220 Fourth Avenue S.
Kent, WA. 98032-5895
DATE: January 20, 2015
TO: Operations Committee
SUBJECT: Ordinance amending KCC 5.03 "Taxicabs and Vehicles For-Hire"-
Adopt
MOTION: Recommend Council adopt an ordinance amending Chapter 5.03 of the
Kent City Code, entitled "Taxicabs and Vehicles For-Hire," to update the Kent
City Code in conformity with the King County Code.
SUMMARY: In 2007, King County and the city of Kent entered into an Interlocal
Agreement (ILA) for licensing of taxicabs and vehicles for-hire for the purpose of providing
a uniform county-wide system of licensing and regulating taxicabs and vehicles for-hire.
The ILA required that the city of Kent enact an ordinance that was substantially similar to,
or adopts by reference King County Code, Chapter 6.64.
King County currently contracts with 16 other municipalities, and the Port of Seattle, for
the regulation of taxicabs and vehicles for-hire.
Since 2012, new transportation options that make use of application-based technology
(apps) on smartphones have entered the market. The new organizations that use this
technology as part of their business model have come to be known as Transportation
Network Companies (TNCs). These new entrants have not been regulated, and, as such,
have not been subject to the county's requirements.
On September 9, 2014, King County adopted ordinance 2014-0187 making changes to
existing regulations for transportation companies in three primary areas: (1) add new
regulations affecting TNC organizations, drivers, and vehicles; (2) make other changes to
regulations that affect taxi, for-hire, and TNCs' and (3) modify the county code to
streamline and update existing regulations.
This proposed ordinance reflects the revisions adopted by King County.
Exhibit: Ordinance
Budget Impact: None
F\OvlpMotlon B IueSheeti\Moton For NA Veh,d,, no T,A,Ab,.do,
4
ORDINANCE NO.
AN ORDINANCE of the city council of the city of
Kent, Washington, amending Ch. 5.03 of the Kent City
Code, entitled "Taxicabs and Vehicles For-Hire," to
update the Kent City Code in conformity with the King
County Code, which has been amended to provide
regulation for Transportation Network Companies (TNC).
RECITALS
A. RCW 81.72.210 provides that local municipalities may license,
control, and regulate privately operated taxicab transportation services operating
within their respective jurisdictions.
B. In 1975, the city of Kent adopted Ordinance No. 1922, which
required taxicab companies operating in the city of Kent to obtain a city business
license and a King County taxicab or for-hire vehicle license. This ordinance was
later codified in Ch. 5.03 of the Kent City Code.
C. Although the caption of Ordinance No. 1922 stated the intent was to
adopt King County taxicab regulations, no specific language of such adoption was
made within the body of the ordinance and no agreement was entered into
between the city and King County for King County's regulation of taxicab and
vehicle for-hire companies operating in the city of Kent. Ordinance No. 3838,
adopted by the City of Kent in 2007, corrected that oversight.
D. In 2007, King County and the City of Kent entered into an Interlocal
Agreement for Licensing of Taxicabs and For-Hire Vehicles. Section 1.1 of the
5
Interlocal Agreement provides that the City of Kent "shall enact an ordinance that
is substantially similar to, or adopts by reference King County Code, Chapter 6.64,
as now in effect or as hereafter amended." The purpose of this Ordinance is to
comply with this provision of the Interlocal Agreement by updating the Kent City
Code to reflect the changes made to the King County Code.
E. Ch. 39.34 RCW allows municipalities to contract with one another for
cooperative action in order to make the most efficient use of their powers. In
order to adequately protect the interests of the county, the city, and their
respective citizens, it is desirable to provide for a uniform county-wide system of
licensing and regulating taxicabs and for-hire vehicles and their drivers.
F. King County currently contracts with 16 other municipalities, and the
Port of Seattle, for the regulation of taxicabs and for-hire vehicles—Auburn,
Bellevue, Burien, Covington, Enumclaw, Federal Way, Kenmore, Kirkland, Maple
Valley, Port of Seattle, Redmond, Renton, Sammamish, SeaTac, and Seattle, and
Shoreline. Therefore, King County Records, Elections, and Licensing Services
Division is well qualified and able in matters relating to the licensing and
enforcement of laws relating to the conduct of the taxicab and for-hire vehicle
business. Accordingly, the city desires to continue utilizing the assistance of King
County in regulating taxicabs and for-hire vehicles, and the driver's thereof, within
the city of Kent.
G. Transportation Network Companies (TNC) provide application
dispatch services via technology that allows consumers to directly request dispatch
of for-hire drivers for trips using mobile interfaces such as smartphone
applications. A TNC driver is a licensed for-hire driver affiliated with a licensed
TNC, driving a personal vehicle that has been endorsed by the TNC.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT,
WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS:
6
ORDINANCE
SECTION 1. - Amendment. Ch. 5.03 of the Kent City Code, entitled
"Taxicabs and Vehicles For-Hire," is amended to read as follows:
CHAPTER 5.03
TAXICABS, VEHICLES FOR-HIRE AND
TRANSPORTATION NETWORK COMPANIES
Sec. 5.03.010. City of Kent business license required. All taxicab,for-
hire vehicle companies and Transportation Network Companies located and/or
operating within the city shall secure a city business license.
Sec. 5.03.020. King County taxicab, for-hire vehicle, and
Transportation Network Company license required. All taxicabs,for-hire
vehicles, and Transportation Network Companies (TNC) operating within the city
shall secure a King County taxicab, for-hire vehicle, or TNC license.
Sec. 5.03.030. Appointment of licensing and enforcement
authority.
A. Pursuant to an interlocal agreement, the director of the King County
Department of Executive Administration, and his or her authorized
representatives, are delegated the power to determine eligibility for King County
taxicab, for-hire vehicle, and Transportation Network Company licenses and the
power to enforce the provisions of this chapter, which shall include the power to
deny, suspend, or revoke King County taxicab, for-hire vehicle, and Transportation
Network Company licenses. A copy of the interlocal agreement shall be available
in the city clerk's office for use and examination by the public.
B. Denial, suspension, or revocation of any King County taxicab,for-hire
vehicle, or Transportation Network Company license shall cause the immediate
denial, suspension, or revocation of any Kent business license issued for the
operation of taxicab, for-hire vehicle, or Transportation Network companies.
7
Sec. 5.03.040. Licensing and regulation of taxicab, for-hire
vehicles, and Transportation Network Companies—Adopted by reference.
A. The following sections of Ch. 6.64 of the King County Code, as currently
enacted or as later amended or recodified, are adopted by this reference and shall
have the same force and effect as if set forth in this ordinance, except that, unless
the context indicates otherwise, the word "county" and the words "King County"
shall refer to the city and references to violations of the county code or county
ordinances shall be deemed to be references to violations of city ordinances.
B. If a county ordinance specifically adopted in this chapter refers to another
county ordinance not specifically adopted in this chapter, the ordinance referred to
shall be given the force and effect necessary to enforce the ordinance specifically
adopted in this chapter.
King County Code §: Title:
6.64.010 Definitions.
6.64.015 Interlocal agreement.
6.64.021 Rules adoption.
6.64.026 Fees-procedure for setting - notice - effective date
- posting - approval of new fees by ordinance.
6.64.101 Medallions - distribution and use - administrative
fee - rules adoption (takes effect February 1,
2015).
6.64.111 Fee surcharge for taxicab licensees, for-hire vehicle
licensees and transportation network companies -
use of fee surcharge - rules adoption.
6.64.121 Taxicab association license (takes effect January 1,
2015).
6.64.131 Taxicab association license - minimum
representation or ownership.
6.64.141 Taxicab association - annual application - notice of
changes - expiration - lease, transfer or
assignment prohibited.
6.64.151 Taxicab association license not a right - denial of
application or renewal.
8
6.64.161 Taxicab association color schemes - director
approval.
6.64.171 Taxicab association license - revocation or
suspension.
6.64.181 Taxicab association - other requirements.
6.64.191 For-hire vehicle company - requirements.
6.64.201 Transportation network company - license required
- application dispatch system unlawful except if
licensed transportation network company or used
exclusively for certain taxicabs or for-hire vehicles.
6.64.211 Transportation network company - license
requirements.
6.64.221 Transportation network company - annual
application - notice of changes - expiration - lease,
transfer or assignment prohibited.
6.64.231 Transportation network company license not a right
- denial of application or renewal.
6.64.241 Transportation network company - revocation or
suspension.
6.64.251 Transportation network company - other
requirements.
6.64.261 Transportation network company - drivers active
on dispatch system must have for-hire driver's
license - required vehicles for drivers active on
dispatch system.
6.64.271 Transportation network company vehicle
endorsement - requirements of persons, vehicles.
6.64.281 Transportation network company vehicle
endorsement - annual filing - certificate -
expiration - lease, transfer or assignment
prohibited.
6.64.291 Transportation network company vehicle
endorsement - denial of application.
6.64.295 Transportation network company vehicle
endorsement - suspension - ceasing operation and
surrender of decal.
6.64.300 Taxicab, for-hire vehicle or transportation network
company endorsed vehicle - appropriate license
required.
6.64.310 Taxicab and for-hire vehicle application - additional
requirements.
6.64.320 Taxicab and for-hire vehicle application - additional
requirements.
9
6.64.330 Taxicab and for-hire vehicle applicants -
requirements of person, officer or registered agent.
6.64.340 Taxicab and for-hire vehicle applicants -
requirement of vehicles.
6.64.350 Insurance required.
6.64.360 Certificate of safety - maintenance and service
records retention - maintenance of vehicles -
certification required of vehicles previously
determined to be total wrecks or total losses -
factory specifications required for rebuilt or
significantly altered vehicles - ensurance of safety
compliance and maintenance by vehicle owner -
placement of vehicles out of service if determined
to be immediate safety hazards
6.64.380 Taxicab and for-hire vehicle license expiration.
6.64.390 Taxicab and for-hire vehicle license plates, decals or
tag s.
6.64.400 Taximeter.
6.64.410 Consumer information board.
6.64.420 Taxicab and for-hire licensee - responsibilities.
6.64.430 Standards for denial - Taxicab or for-hire vehicle
license application.
6.64.440 Standards for suspension or revocation - taxicab or
for-hire vehicle.
6.64.450 Destruction, rendering permanently operable, sale,
replacement or retirement of a taxicab.
6.64.460 Ceasing operation and surrender of license plate or
decal and taxicab or for-hire vehicle license.
6.64.500 For-hire driver's license required.
6.64.510 For-hire driver's license - initial and annual
application.
6.64.520 For-hire driver's license - investigation.
6.64.530 For-hire driver's license - qualifications.
6.64.540 For-hire driver's license - temporary permit.
6.64.550 For-hire driver's license - application null and void if
applicant fails or neglects to complete the
application process or obtain a license.
6.64.560 For-hire driver - certification of being physically and
mentally fit - medical examination upon
appearance of incapacitation rendering licensee
unfit.
6.64.570 For-hire driver - required training.
10
6.64.580 For-hire driver - examination.
6.64.590 For-hire driver - Driving abstract.
6.64.595 For-hire license - pick up directly from director -
"for-hire permit"display for applicant affiliated with
transportation network company - form of license -
determined by director - placement.
6.64.600 For-hire driver license - denial of application
6.64.610 For-hire driver's license - suspension or revocation
6.64.620 For-hire driver - additional requirements for license
issuance.
6.64.630 For-hire driver - license expiration.
6.64.640 For-hire driver - operating standards.
6.64.650 Driver - vehicle safety standards.
6.64.660 Driver - conduct standards.
6.64.665 Transportation network company's driver -
additional standards.
6.64.670 Taxicab meter and rates standards.
6.64.680 Driver-passenger relations standards.
6.64.690 Driver - soliciting and cruising standards.
6.64.695 Driver - taxicab zone standards.
6.64.700 Taxicab - maximum number.
6.64.710 Transfer or sale of license.
6.64.730 Taxicab response times.
6.64.740 Director - annual report.
6.64.750 Determination of fare and number of licenses.
6.64.760 Rates - requirements - rules adoption.
6.64.800 Penalties.
6.64.830 Notice and order of denial, suspension, revocation
of license or assessment of civil penalty.
6.64.900 Consumer complaint hotline.
6.64.910 Passenger complaint process.
SECTION 2. - Severability. If any one or more section, subsections, or
sentences of this ordinance are held to be unconstitutional or invalid, such decision
shall not affect the validity of the remaining portion of this ordinance and the same
shall remain in full force and effect.
11
SECTION 3. - Effective Date. This ordinance shall take effect and be in
force thirty (30) days from and after its passage as provided by law.
SUZETTE COOKE, MAYOR
ATTEST:
RONALD F. MOORE, CITY CLERK
APPROVED AS TO FORM:
TOM BRUBAKER, CITY ATTORNEY
PASSED: day of 2015.
APPROVED: day of 2015.
PUBLISHED: day of 2015.
I hereby certify that this is a true copy of Ordinance No. passed by
the city council of the city of Kent, Washington, and approved by the mayor of the
city of Kent as hereon indicated.
(SEAL)
RONALD F. MOORE, CITY CLERK
P AC...\0,J,n,n11U111 tdn9¢unbPe9111t1 Amend to updrte with mrrent re9Wzfions.do,
12
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13
Benefits Division
Becky Fowler, Manager
Phone: 253-856-5290
ISoS Fax: 253-856-6270
�� KENT
WASH INGr°x Address: 400 West Gowe
Kent, WA 98032-5895
DATE: January 20, 2015
TO: Operations Committee
SUBJECT: Stop Loss — Amendment #6 for 2015
MOTION: Recommend the 2015 LifeWise Assurance Company amendment for
our individual stop loss coverage be placed on the City Council consent
calendar for the February 3, 2015 meeting subject to approval of final terms
and conditions by the City Attorney.
SUMMARY: The City's third party administrator for our individual and aggregate stop
loss coverage is Lifewise Assurance Company. In November Lifewise provided us with
a preliminary renewal increase of 12.7% for 2015. The City went out to the market for
a competitive bid process. After the competitive bid process and appealing Lifewise's
preliminary decision, Lifewise reduced their preliminary renewal amount to a 2.5%
increase for 2015 saving approximately $40,000.
BUDGET IMPACT: $397,500.
BACKGROUND: As you are aware, the City is self-insured for all medical claims
through Premera Blue Cross. All City employees and their dependents that are
enrolled in the City's self-insured medical program are covered under a stop loss
insurance policy. This stop loss policy provides added coverage to the City for
individual medical claims exceeding $200,000 per employee or dependent for each
calendar year. All medical costs exceeding $200,000 per enrollee per year will be
reimbursed to the City under this policy. The cost of the City's stop loss insurance is
funded in the Health & Wellness fund.
14
AMENDMENT NO. 06
This amendment becomes a part of Stop Loss Policy No. WA-518212-9999 issued to City of Kent, the
Policyholder.
It is stipulated and agreed that:
Effective January 1, 2015:
The following page is replaced:
Policy Cover.
The following sections are replaced:
Section 1, Schedule of Coverage.
All other terms and conditions of the contract remain unchanged. This amendment is signed for us at
Mountlake Terrace, Washington on the policy amendment effective date.
I
LifeWise Assurance Company
Michael L. Krutt
President
Instructions: Retain copy with your policy.
SLIP WA AMD (09-08) Amendment
i
15
LifeWise Assurance Company OFEWISE
7001 — 2201h St S.W.
Mountlake Terrace, WA 98043-2,124
Life I Disability i Stop Loss
STOP LOSS INSURANCE POLICY
LifeWise Assurance Company, Mountlake Terrace, Washington (herein we, our, and us) agrees with
the policyholder to pay benefits under the provisions of the Policy.
POLICY NUMBER: WA-518212-9999
POLICYHOLDER: City of Kent
POLICY EFFECTIVE DATE: January 1, 2010
POLICY ANNIVERSARY: January first of each year
This Policy is issued in consideration of the policyholder's application and payment of premiums and
will take effect on the Policy effective date.
This Policy is delivered in, and governed by the laws of, the State of Washington.
The policyholder's Plan, Schedule of Coverage, and all provisions in this and the following pages, and
any amendments and endorsements included on the date of issue or added later, are part of this
Policy.
Throughout this Policy, "you" and "your" refer to the policyholder.
LifeWise Assurance Company has, by its President and Chief Executive Officer, executed this Policy
as of 12:01 a.m. on the Policy Effective Date at Mountlake Terrace, Washington.
Signed for us at Mountlake Terrace, Washington on the policy effective date.
r
Rick Grover
Michael L. Krutt
Chief Executive Officer President
LifeWise Assurance Company LifeWise Assurance Company
I
SLID WA (09-08)
16
SECTION K K�«
/ FEWISE
SCHEDULE OFCOVERAGE
Policyholder: City ufKent Life |Disability|Stop Loss
WA-618212-9998
POLICY PERIOD: January 1. 2015 through December 31. 2015
COVERAGE PROVIDED (Provided ifuhecked):
1.1 Z AGGREGATE STOP LOSS
Attachment Level: [-1 120% [l 125% Z Othec20O%
Aggregate Expense |n"urra| Period: From January 1. 2000 through December 31' 2U15
Aggregate Expense Payment Period: From January 1, 2015 through December 31, 2015
A. Covered Benefits: M Medical [l Dental [l Vision
[l Weekly Disability Income Prescription Drugs
B. Aggregate Deductible /CompOSi\e\:
Composite Units
Aggregate Monthly Factor $2.345.80
C. Minimum Annual Aggregate Deductible: Greater of:
$17.782,388o/ 05% of the First Monthly Aggregate Deductible times 12,
D� Limit uf Liability: VVe will reimburse 100% ofeligible expenses you pay under your Plan in
excess of the deductible toa maximum of$1'0OO.UOU.
E. Claim Review ia N end Of Policy Period F7 Monthly with $ threshold.
F� Monthly Premium Rate (Composite UnitS): $U.U1 per Employee
1.2 SPECIFIC STOP LOSS
Specific Expense |ncurra| Period: From January 1. 2O08 through December 31` 2O15
Specific Expense Payment Period: From January 1, 2015 through December 31, 2015
A. Covered Benefits: N Medical DDontn| El Vision
[l Weekly Disability Income Z Prescription Drugs
B, $200.O0O Individual Specific Deductible per person,
C. N/A Aggregating Specific Deductible per contract year,
D. Limit ofLiobi|i1y� VVe will reimburse 100% ofeligible expenses you pay under your Plan in
excess of the deductible. The maximum vve will reimburse you per person:
Annual Maximum: Fl s Z Unlimited
Lifetime Maximum: El & ZUn|inoitod
E. Specific Advanced Funding: Z Yen [l No
F. Monthly Premium Rate:
ElEnop|nyee (]n(y: $ Family Rate: $
Z Composite: Employee & Dependent: $50.85
1.3 F1 TERMINAL LIABILITY PROTECTION
Number ofmonths: �
SLPVVA (10-10) 2 Schedule nfCoverage
17
RISK MANAGEMENT
Chris Hills, ARM-P, CRM
Risk Manager
NS
�,KNT Phone: 253 856 5285 7
WASH ING70N Fax: 253 856-6270
Address: 400 West Gowe
Kent, WA 98032
DATE: January 20, 2015
TO: Operations Committee
SUBJECT: 2015 Insurance Program Review
Motion: Information Only
SUMMARY: Briefing on the City's 2015 Insurance Programs.
BUDGET IMPACT: All programs (Liability, Worker Compensation and Property) remain
within budgets projected during the 2015 Budget process.
BACKGROUND:
Liability — For 2015 the City's Self-Insured Retention (SIR) remains at $250,000 per
loss. The Liability insurance market has softened over the past year and more reinsurers
have entered the market, which is to our advantage. Premium will decrease $35,472
(5.1%). Additional information is provided in the accompanying packet for discussion at
the briefing.
Worker Compensation — Our current Excess Worker Compensation insurer, Safety
National Casualty, has increased the minimum premium to $65,000. We were able to
convince them that an interim approach would be preferable for budget softening
reasons. The 2015 premium is $60,876 (10.5% increase). The 2016 premium will be
&65,000. Premium cost is still below the 2003 rate. Additional information is provided in
the accompanying packet for discussion at briefing.
Property — Renewal is 7/1/2015. The 2014/2015 premiums were 9% lower than
2013/2014. Barring severe losses in Vt and early 2nd quarters of 2015, rates should
remain flat.
City of Kent Human Resources Department
Lorraine Patterson, Director
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27
FINANCE
440 Aaron BeMiller, Director
Phone: 253-856-5260
KEN T Fax: 253-856-6255
WASHING-ON
Address: 220 Fourth Avenue S.
Kent, WA. 98032-5895
DATE: January 20, 2015
TO: Kent City Council Operations Committee
SUBJECT: Banking Services Request for Proposals
MOTION: NO MOTION REQUIRED; DISCUSSION ONLY.
SUMMARY: In November 2014 the finance department informed the Operations
Committee that we were in the process of writing a RFP (Request for Proposal) for
the City's banking services. The RFP is complete and was advertised in the Kent
Reporter, Seattle Times, and the Daily Journal of Commerce on Friday January 16tn
The City's timeline for this process includes a deadline for submittal of proposals on
March 3, 2015 and a preliminary selection of a Firm on March 31'. A
recommendation to the Operations Committee is scheduled for Tuesday April 21't
2015. The finance department will be requesting Council to approve a four-year
contract with at least two contract extension periods of three years each.
BUDGET IMPACT: There is no budget impact for the RFP process. Unknown
impact once the selection is made.
BACKGROUND: Kent City Code 3.01.020 Competitive service review states:
A. In order for the city to obtain a banking relationship that provides maximum
services to the city, the city will solicit competitive proposals.
B. The banking services of the city will be reviewed every three (3) years. The
council may decide to extend for an additional period of time or may direct the
finance department to solicit a new agreement.
C. The banks to be considered must be full-service banks. The banks also must
have complete investment departments which will, without solicitation, keep the
city informed of interest rate changes, investment opportunities or other market
conditions which would affect the return or investment of city funds.
D. The banks must provide copies of all documents required by state law. The
banks must meet or exceed the requirements outlined in state law.
E. Although a bank will be appointed to handle the regular checking activity, the
city will reserve the right to rescind such appointment, should the banking
relationship become unsatisfactory. This will require a majority vote of the city
council.
F. The investment activities of the city will in no way be affected by the
Kent Council Operations Committee Consolidating Budget Adjustment
28
appointment of a bank to handle the city's regular checking account. All investment
activity will be handled at the direction of the finance director, in accordance with
state laws.
(Ord. No. 2297, § 2; Ord. No. 2930, § 3, 7-3-90. Formerly Code 1986, § 3.06.020)
State law reference(s) — Protection of public funds, RCW 39.58.010 et seq.
Kent Council Operations Committee Consolidating Budget Adjustment
29
FINANCE
440 Aaron BeMiller, Director
Phone: 253-856-5260
N.147KEN T Fax: 253-856-6255
WASHING-ON
Address: 220 Fourth Avenue S.
Kent, WA. 98032-5895
DATE: January 20, 2015
TO: Kent City Council Operations Committee
SUBJECT: 2015 Investment Committee Creation
MOTION: NO MOTION REQUIRED; DISCUSSION ONLY.
SUMMARY: The finance department is in the process of looking at ways to
maximize interest income by building a more robust investment portfolio. The City's
investment policy requires the creation of an investment committee (section
3.02.060) to serve in an advisory capacity. The investment committee meets
quarterly and includes the finance and public works directors, the mayor or
designee, and one member of the Operations Committee who shall be appointed by
the Mayor to serve a two year term. The term shall run concurrently with the term
of the Council President, except to the extent an interim appointment becomes
necessary.
The first meeting of the investment committee is expected sometime in the second
quarter of this year. The Mayor will appoint a member of the Operations
Committee as well as a designee if she chooses not to sit on the committee.
BUDGET IMPACT: There is no budgetary impact at this time.
BACKGROUND: Kent City Code 3.02 Investment Policy has been provided in your
packet.
Kent Council Operations Committee Consolidating Budget Adjustment
JU
Chapter 3.02 INVESTMENT POLICY* Page 1 of 6
Chapter 3.02
INVESTMENT POLICY*
Sections:
3.02.010 Policy.
3.02.020 Investment objectives.
3.02.030 Scope.
3.02.040 Prudence.
3.02.050 Delegation of authority.
3.02,060 Investment committee.
3.02.070 Ethics and conflicts of interest.
3.02.080 Authorized financial dealers and institutions.
3.02.090 Authorized investment types.
3.02.100 Fund investment and interest allocations.
3.02.110 Safekeeping and custody.
3,02.120 Diversification,
3.02.130 Maturities.
3.02.140 Internal control.
3.02.150 Performance standards.
3,02.160 Reporting.
3.02.170 State or federal amendments.
*Editor's note—Ord. No.3278, § 1, adopted Feb.6, 1996, repealed former ch. 3.02,§§3.02,010, 3.02.020,
3.02.030 and 3.02.040,which pertained to similar subject matter.Section 2 of said ordinance added a new
ch.3.02 to read as herein set out.
Cross reference(s)—Finance department, ch.2.16.
3.02.010 Policy.
............... ..........1111111-..........
It is the policy of the city of Kent to invest public funds in a manner that safeguards and protects the
principal of the city's investments, provides liquidity in meeting daily cash flow, and provides the
highest return possible while conforming to all Washington statutes governing the investment of
public funds.
(Ord. No.3278, §2,2-6-96; Ord. No.4039, § 1, 7-17-12)
3.02.020 Investment objectives.
................ ....... ........_......
A. The primary objectives, in priority order, of the city's investment activities shall be:
1. Safety. Safety of principal is the foremost objective of the city of Kent's investment policy. City
investments shall be made in a manner that seeks to ensure the preservation of the amount
invested.
2. Liquidity. The city's investment portfolio will remain sufficiently liquid to enable the city to meet
all reasonably anticipated operating requirements.
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Chapter 3.02 INVESTMENT POLICY* Page 2 of 6
3. Return on investment. The city's investment portfolio shall be designed with the objective of
attaining a market rate of return throughout budgetary and economic cycles, taking into account
the protection of principal and state statutes.
B. Rate speculation will not be a major criterion for the selection of an investment.All other criteria,
including cash flow and maturity,take preference to rate expectations.
(Ord. No.3278, §2,2-6-96; Ord. No.4039, § 1, 7-17-12)
3.02.030 Scope.
.... .....................
This investment policy applies to all financial assets of the city of Kent. These assets are accounted
for in funds or fund groups as identified in the city's comprehensive annual financial report and
include:
1. General fund.
2. Special revenue funds.
3. Debt service funds.
4. Capital project funds.
5. Enterprise funds (water, sewerage, golf course).
6. Internal services funds.
7. Trust and agency funds(including Fireman's Relief and Pension Fund).
8. Any new fund created by council, unless specifically exempted by council.
(Ord. No.3278, §2,2-6-96; Ord. No.4039, § 1, 7-17-12)
3.02.040 Prudence.
......... ..............
A. Investments shall be made with judgment and care, under circumstances then prevailing, that a
person of prudence, discretion and intelligence would exercise in the management of his or her own
affairs, not for speculation, but for investment, considering the probable safety of capital as well as
the probable income to be derived.
B. The standard of prudence to be used by investment officials shall be the"prudent person" and
shall be applied in the context of managing an overall portfolio. Investment officers acting in
accordance with written procedures and exercising due diligence shall be relieved of personal
responsibility for an individual security's credit risk or market price changes, provided deviations from
expectations are timely reported and appropriate action is taken to control adverse developments.
(Ord. No.3278,§2,2-6-96; Ord. No.4039, § 1, 7-17-12)
3.02.050 Delegation of authority.
The finance director(or his/her designee) is the investment officer of the city. The finance director
shall establish written procedures for the operation of the investment program consistent with this
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Chapter 3.02 INVESTMENT POLICY* Page 3 of 6
investment policy. Such procedures shall include explicit delegation of authority to persons
responsible for investment transactions. No person may engage in an investment transaction except
as provided under the terms of this policy and the procedures established by the finance director.The
finance director shall be responsible for all transactions undertaken and shall establish a system of
controls to regulate the activities of subordinate officials. The finance director is authorized to
determine investable balances in each fund and is authorized to invest such monies in a manner
consistent with this policy and applicable law,without prior council approval of any specific
investment.
(Ord. No. 3278,§2,2-6-96; Ord. No.4039,§ 1,7-17-12)
3.02.060 Investment committee.
............_.._
An investment committee will be established consisting of the mayor(or designee), finance director,
the public works director, and a member of the council operations committee, who shall be appointed
by the mayor to serve a two (2)year term,which term shall run concurrently with the term of the
council president, except to the extent interim appointments become necessary. The committee will
meet quarterly and will be established to serve in a general review and advisory capacity, taking into
account the city's investment objectives, available funds and current market conditions. The
committee will review periodic reports including, but not limited to, the following: market value of the
portfolio, percentages by type and institution, average life of the portfolio, expected cash flows, and
average rate of return.
(Ord. No.3278,§2,2-6-96; Ord. No.4039,§ 1,7-17-12)
3.02.070 Ethics and conflicts of interest.
.......... .... .............. ........... ........... ............ ................................
Officers and employees involved in the investment process shall refrain from personal business
activity that could conflict with proper execution of the investment program or that could impair their
ability to make impartial investment decisions. Employees and investment officials responsible for
investment transactions shall disclose to the mayor any material financial interests in financial
institutions that conduct business within this jurisdiction. They shall further disclose any large
personal financial/investment positions that could be related to the performance of the city's portfolio.
Employees and officers shall subordinate their personal investment transactions to those of the city of
Kent, particularly with regard to the time of purchases and sales.
(Ord. No.3278,§2,2-6-96; Ord. No.4039,§ 1,7-17-12)
3.02.080 Authorized financial dealers and institutions.
...........
A. The finance director will maintain a list of financial institutions and security dealers authorized to
provide investment services to the city. These may include both primary and secondary dealers that
qualify under Securities and Exchange Commission Rule 15C3-1 (uniform net capital rule), as may be
amended, and investment departments of local banks who maintain an office in the state of
Washington.
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Chapter 3.02 INVESTMENT POLICY* Page 4 of 6
B. Institutional investment staff shall be trained in precautions appropriate to state of Washington
local government investment laws, and they shall be required to familiarize themselves with the city's
investment objectives, policies and constraints.
C. No public deposit shall be made except in a qualified public depository located in the state of
Washington.
(Ord. No. 3278, §2, 2-6-96; Ord. No.4039, § 1, 7-17-12)
3.02.090 Authorized investment types.
.......,,..
A. The city of Kent, as a Washington municipal corporation, is authorized by this chapter and
empowered by statute(including,without limitation, RCW 39.59.020, 39.59.030, 43.84.080, and
43.250.040, including all future amendments)to invest in various securities, including,without
limitation, the following:
1. Investment deposits: Certificates of deposit, with qualified public depositories as defined in
Chapter 39_58 RCW.
2. Obligations of United States Treasury:
a. U.S. Treasury certificates, notes, bonds, zero coupons, strips, receipts.
b. United States Treasury State and Local Government Securities (SLGS)specifically for
debt issues related to arbitrage.
3. Obligations of United States agencies, or of any corporation wholly owned by the government
of the United States, such as the Government National Mortgage Association.
4. Bonds of the state of Washington and any local government in the state of Washington, which
bonds are rated, at the time of investment, within the three(3) highest possible credit ratings of a
nationally recognized rating agency.
5. General obligation bonds of a state other than the state of Washington and general obligation
bonds of a local government of a state other than the state of Washington, which bonds are
rated, at the time of investment,within the three(3) highest credit ratings of a nationally
recognized rating agency.
6. Utility revenue bonds or warrants of any city or town in the state of Washington.
7. Bonds or warrants of a local improvement district that are within the protection of the Local
Improvement Guaranty Fund Law.
8. Banker's acceptances purchased on the secondary market,with ratings of A11P1.
9. State of Washington Local Government Investment Pool.
10. For the Fireman's Relief and Pension Fund only, mutual funds.
B. The city will buy no structured securities, including those whose rates of return are derivative-
based, with the exception of securities that have a call provision prior to maturity or those securities
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Chapter 3.02 INVESTMENT POLICY* Page 5 of 6
that have their rate of return based on a direct relationship with the federal funds rate or treasury bill
rate.
(Ord. No. 3278, §2, 2-6-96;Ord. No.4039, § 1, 7-17-12)
3.02.100 Fund investment and interest allocations.
.......... ....... .......
Investments shall be made with excess funds and the interest earnings will be distributed as follows:
Monies determined by the finance director to be available for investment may be invested on an
individual fund basis or may, unless otherwise restricted by law, be commingled within one(1)
common fund called the treasury account.All income derived from treasury account investments shall
be deposited to the funds contributing to the common fund on a pro rate basis. Also, funds derived
from the sale of general obligation bonds or revenue bonds or similar instruments of indebtedness
shall be invested or used in the manner prescribed by the initiating ordinances, resolutions, or bond
covenants.
(Ord. No.3278, §2,2-6-96;Ord, No.4039, § 1, 7-17-12)
3.02.110 Safekeeping and custody.
........... ............ ... . ..........
All security transactions entered into by the city of Kent shall be conducted on a delivery-versus-
payment(DVP) basis. Securities will be held in safekeeping at the city's primary bank with the
exception of certificates of deposit, and funds placed into the State of Washington Local Government
Investment Pool, United States Treasury State and Local Uniform Governmental Securities
("SLUGS")and mutual funds,which will be registered in the name of the city.
(Ord. No.3278, §2,2-6-96; Ord. No.4039,§ 1, 7-17-12)
3.02.120 Diversification.
......... ._- . ......... ......................
Diversification is required by the city to reduce overall portfolio risks while attaining market average
rates of return. Diversification by institution, type of investment security and years to maturity shall be
employed to avoid over-concentration in any of these areas.With the exception of obligations of U.S.
Treasury securities and the State of Washington Local Government Investment Pool, no more than
twenty-five(25) percent of the city's total investment portfolio will be invested in securities offered by
a single issuer.
(Ord. No.3278, §2,2-6-96; Ord. No.4039,§ 1, 7-17-12)
3.02.130 (Maturities.
A. To the extent possible, unless matched to a specific cash flow, the city will attempt to match its
investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the city
will maintain a portfolio with an average life not to exceed five (5) years. However, the Fireman's
Pension Fund and small amounts of water, sewer, insurance and general funds are exempt from this
five (5) year rule based on prior investment portfolio history.
B. The city may sell securities, if deemed appropriate, to maintain liquidity. These actions must be
initiated by the investment officer, not the brokers or dealers.
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Chapter 3.02 INVESTMENT POLICY* Page 6 of 6
C. No transaction needs to be instituted when the maturity or call of a security causes the average life
of the portfolio or maximum holdings per category to exceed their limits.Any transactions conducted
after these occurrences shall work toward a return to compliance.
(Ord. No. 3278,§2, 2-6-96; Ord. No.4039, § 1, 7-17-12)
3.02.140 Internal control.
...........- .............. ....................
The established process of independent review will be performed annually by the state auditor's
office. This review will provide internal control by assuring compliance with policies and procedures.
This review may also result in recommendations to change operating procedures to improve internal
control.
(Ord. No. 3278, §2,2-6-96; Ord. No.4039,§ 1, 7-17-12)
3.02.150 Performance standards,
......................-1-1-1 ......................... ............... - ........................ .................
Given that the city of Kent's investment strategy is passive,the city's investment portfolio will be
designed to obtain a market average rate of return equal to or greater than that obtained by the State
of Washington Local Government Investment Pool, The portfolio rate of return will be calculated
excluding U.S. Treasury SLUGS,which have restricted yields due to arbitrage requirements.
(Ord. No.3278, §2, 2-6-96; Ord, No.4039,§1, 7-17-12)
3.02.160 Reporting.
.............-..................... ..................... ...
The finance director shall submit monthly investment reports that summarize the portfolio's holdings
and investments by type to the city investment committee. On a quarterly basis,the finance director
shall submit investment reports that summarize the portfolio's average rate of return, market value
and average maturity to the investment committee and the operations committee.
(Ord. No.3278,§2,2-6-96; Ord, No.4039, § 1, 7-17-12)
3.02.170 State- or federal amendments.
..........-. - ..........---- ---........ .........--.............. . ...... .................... ................. -
If new legislation or regulation should amend the permitted instruments or institutions, those changes
will be deemed to be immediately incorporated into this policy,
(Ord. No.3278, §2,2-6-96; Ord. No.4039,§ 1,7-17-12)
The Kent City Code is current through Ordinance 4120,
passed August 19,2014.
Disclaimer:The City Clerk's Office has the official version of the
Kent City Code. Users should contact the City Clerk's Office for
ordinances passed subsequent to the ordinance cited above.
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37
FINANCE
440 Aaron BeMiller, Director
Phone: 253-856-5260
KEN T Fax: 253-856-6255
WASHING-ON
Address: 220 Fourth Avenue S.
Kent, WA. 98032-5895
DATE: January 20, 2015
TO: Kent City Council Operations Committee
SUBJECT: 2015 Refunding
MOTION: NO MOTION REQUIRED; DISCUSSION ONLY.
SUMMARY: The finance department is working with our financial advisor, Piper
]affray & Co, on refunding the City's 2006 General Obligations bonds. The draft
schedule we working from has a closing date on the refunding in early April 2015.
The draft schedule estimates the bond ordinance coming before the Operations
Committee on March 3rd and the before the full Council on March 17tn
Finance is also in the process of determining whether to advise inclusion of the
2008 bond in this refunding process. Further analysis and discussion of any
arbitrage issues need to be completed prior to staff having a clear recommendation.
For maximum flexibility, we will likely include it in the bond ordinance, but we
would not be obligated to refund the 2008 series if the savings reduce prior to
pricing in late March.
BUDGET IMPACT: Very preliminary estimates on the savings of refunding the
2006 series is $600,000 over the remaining life of the bond and $1,000,000 (net of
arbitrage) on the 2008 series over the remaining life of the bond.
BACKGROUND: The purpose of the 2006 bonds was to finance improvements at
certain city parks and land acquisition for future parks. The improvements included
the Service Club ball fields, East Hill Skate Park, and the Town Square Plaza.
The purpose of the 2008 bonds included financing the design and construction of
the public works maintenance facility, renovate the municipal court facility,
implement the capital components of the City's 2008 technology plan.
Kent Council Operations Committee Consolidating Budget Adjustment
38
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39
FINANCE
Aaron BeMiller Director
• Phone: 253-856-5260
KEN T Fax: 253-856-6255
WASHING-ON
Address: 220 Fourth Avenue S.
Kent, WA. 98032-5895
DATE: January 20, 2015
TO: Operations Committee
SUBJECT: Consolidating Budget Adjustment Ordinance for Adjustments
Between October 1, 2014 and December 31, 2014
MOTION: I move to recommend Council approve the consolidating budget
adjustment ordinance for adjustments made between October 1, 2014 and
December 31, 2014 reflecting an overall budget increase of $5,366,674.
SUMMARY: Authorization is requested to approve the technical gross budget
adjustment ordinance reflecting an overall budget increase of $5,366,674 for
budget adjustments made between October 1, 2014 and December 31, 2014.
An overall increase of $3,604,938 was previously approved by Council. Included in
this amount is $1,377,391 to allocate technology capital to specific projects,
$767,994 to allocate TIF to SE 256th, and $317,000 DOT Highway Safety
Improvement Grant.
The remaining amount not yet approved by Council is an overall increase of
$1,604,938 and is comprised of $1,500,000 in additional budget authority needed
to pay off the $2.7m debt in the ShoWare Operating Fund, $62,708 for a Target
Zero Teams Grant, and $37,466 for miscellaneous mini grants from 2007.
BUDGET IMPACT: Paying off the ShoWare Operating debt is funded with General
Fund reserves in excess of the 10% target. The remaining expenditures are funded
by grants, bonds or other new revenues.
Kent Council Operations Committee Consolidating Budget Adjustment
40
ORDINANCE NO.
AN ORDINANCE of the City Council of the
City of Kent, Washington, approving the
consolidating budget adjustments made between
October 1, 2014 and December 31, 2014 reflecting
an overall budget increase of $5,366,674.
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
HEREBY ORDAIN AS FOLLOWS:
ORDINANCE
SECTION 1. - Budaet Adiustments. The 2014 budget is amended
to include budget fund adjustments for the fourth quarter of 2014 from
October 1, 2014 through December 31, 2014, as summarized and set forth
in Exhibit "A," which is attached and incorporated into this ordinance.
Except as amended by this ordinance, all terms and provisions of the
2013-2014 biennial budget Ordinance No. 4067, as amended by Ordinance
Nos. 4099, 4110, 4113, 4119, and 4130 shall remain unchanged.
SECTION 2. - Severability. If any one or more section, subsection,
or sentence of this ordinance is held to be unconstitutional or invalid, such
decision shall not affect the validity of the remaining portion of this
ordinance and that remaining portion shall maintain its full force and
effect.
1 2014 Budget Adjustment
Fourth Quarter- 2014
41
SECTION 3. - Corrections by City Clerk or Code Reviser. Upon
approval of the City Attorney, the City Clerk and the code reviser are
authorized to make necessary corrections to this ordinance, including the
correction of clerical errors; ordinance, section, or subsection numbering;
or references to other local, state or federal laws, codes, rules, or
regulations.
SECTION 4. - Effective Date. This ordinance shall take effect and
be in force five (5) days from and after its passage and publication, as
provided by law.
SUZETTE COOKE, MAYOR
ATTEST:
RONALD F. MOORE, CITY CLERK
APPROVED AS TO FORM:
TOM BRUBAKER, CITY ATTORNEY
PASSED: day of 2015.
APPROVED: day of 2015.
PUBLISHED: day of 2015.
I hereby certify that this is a true copy of Ordinance No.
passed by the City Council of the City of Kent, Washington, and approved
by the Mayor of the City of Kent as hereon indicated.
(SEAL)
RONALD F. MOORE, CITY CLERK
P:\Civil\Ordinance\BudgetAdjustr ent 4h Qua rter 2014.docx
2 2014 Budget Adjustment
Fourth Quarter- 2014
42
Exhibit A
City of Kent
Budget Adjustment Ordinance
Adjustments October 1, 2014 to December 31, 2014
Total
Previously Approval Adjustment
Fund Title Approved Requested Ordinance
001 General Fund 189,065 1,500,000 1,689,065
110 Street Fund 767,994 - 767,994
150 Capital Improvement Fund - (3,118) (3,118)
160 Criminal Justice Fund 179,351 108,056 287,407
310 Street Capital Projects 1,153,700 - 1,153,700
320 Parks Capital Projects 94,235 94,235
340 Technology Capital Projects 1,377,391 - 1,377,391
Subtotal 3,761,736 1,604,938 5,366,674
43
Budget Adjustment Detail for Budget Changes
October 1, 2014 to December 31, 2014
Not
Approval Previously Previously Total
Date or Approved by Approved by Adjustment
Other Fund Council Council Ordinance
001 - General Fund
1 4Culture Grant w/KC 12/9/2014 17,000 17,000
1 ECD Mid year Budget Adjust 7/15/2014 169,065 169,065
1 WESTAF Grant for Perf-Oct 10/7/2014 3,000 3,000
1 Pay off ShoWare Debt 1,500,000 1,500,000
Total General Fund 189,065 1,500,000 1,689,065
110 - Street Fund
110 Allocate TI F to SE 256th 6/4/2013 767,994 767,994
Total Street Fund 767,994 - 767,994
150 - Capital Improvement Fund
150 Close Project/Return Funds (3,118) (3,118)
Total Capital Improvement Fund - (3,118) (3,118)
160 - Criminal Justice Fund
160 Drug Free Comm Grant 10/21/2014 107,815 107,815
160 State Farm Grant 3/18/2014 15,000 15,000
160 Target Zero DUI 10/21/2014 21,700 21,700
160 Misc Police Min Grants 07 37,466 37,466
160 Target Zero Teams (TZT) 62,708 62,708
160 WA Traffic Safety Comm Gt 3,500 3,500
160 WATPA Equipment Grant 4,000 4,000
160 WASPC Equipment Grant 1,000 1,000
160 Close Project/Return Funds (3,118) (3,118)
160 Distracted Driving Enfrc Gt 2,500 2,500
160 Target Zero DUI Grant 11/19/2013 8,500 8,500
160 Target Zero Grant 10/15/2013 26,336 26,336
Total Criminal Justice Fund 179,351 108,056 287,407
310 - Street Capital Projects
310 Allocate TI F to SE 256th 6/4/2013 767,994 767,994
310 SEPA Ordinance #2494 Ord 2494 68,706 68,706
310 DOT Highway Safety Imp Grnt 8/7/2012 317,000 317,000
Total Street Capital Projects 1,153,700 1,153,700
44
Budget Adjustment Detail for Budget Changes
October 1, 2014 to December 31, 2014
Not
Approval Previously Previously Total
Date or Approved by Approved by Adjustment
Other Fund Council Council Ordinance
320 - Parks Capital Projects
320 "1" CANN Fitness Equip 10/7/2014 14,285 14,285
320 3rd Qtr Fee-in-Lieu Fund 11/4/2014 41,100 41,100
320 Fee-in-lieu to Com/Green Pk 8/5/2014 38,850 38,850
Total Parks Capital Projects 94,235 94,235
340 - Technology Capital Projects
340 Allocate Technology Projects 12/10/2013 1,377,391 1,377,391
Total Technology Capital Projects 1,377,391 - 1,377,391
Grand Total All Funds 3,761,736 1,604,938 5,366,674
45
City of Kent, Washington
Summary Financial Report
40 '40�•
KENT
WA3H1 NGTON
As of November 30, 2014
46
City of Kent
MONTHLY FINANCIAL REPORT
Table of Contents
EXECUTIVE SUMMARY AND GRAPHIC ANALYSIS
Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
General Fund Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
General Fund Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
PropertyTax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
SalesTax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
UtilityTax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Building Permits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Plan Check Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Recreation Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Fines And Forfeitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
B&O Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Water Operating Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Sewer&Drainage Operating Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Golf Operating Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
CURRENT BUDGET ANALYSIS
General Fund Analysis(includes Annexation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Street Operating Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Lodging Tax Operating Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Youth/Teen Programs Operating Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Capital Improvement Operating Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Criminal Justice Operating Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Golf Operating Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
INTERNAL SERVICE FUNDS PROFIT AND LOSS
Fleet Services Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Central Services Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Information Technology Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Facilities Operating Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
Unemployment Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Workers Compensation Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Health and Employee Wellness Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
LEOFF 1 Retirees Benefits Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Liability Insurance Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Property Insurance Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
REVENUE AND EXPENSE SUMMARIES
Monthly Comparison 2011,2012,2013 and 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
System Reports
General Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Special Revenue Operating Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Debt Service Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Water Utility Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Sewerage Utility Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Golf Course Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Internal Services-excluding Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Insurance Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Street Capital Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Parks Capital Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Other Capital Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Technology Capital Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
Facilities Capital Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Water Capital Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Sewerage Capital Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
47
City of Kent
Monthly Financial Summary
November 2014
General Fund Summary
Using information available through November, ending fund balance is estimated to
increase by $5.4 million and end the year at $14.6 million, which includes:
• General Fund reserves of $10.7 million, or 14.2%
• Contingency for Unanticipated Costs of $1.5 million
• $2 million restricted for annexation
• $424,000 in the Strategic Opportunities Fund
$2.7 million of the General Fund reserves has been set aside the pay off the debt in
the ShoWare Operating Fund. When that transaction is completed, General Fund
reserves are expected to be nearly $8 million, or 10.6%.
Revenues
Overall revenues are currently coming in nearly $4 million, or 5.2% above budget.
Highlights include:
• Sales Tax continues a steady positive trend, averaging a 7.6% increase over
2013 collections. Year-end projection is expected to exceed budget by $2
million, which equates to 10.1%
• Building Permits and Plan Check Fees revenues are exceeding
projections, currently running nearly $1.6 million above budget, or nearly
33%.
Exoenditures
As of November, overall expenditures are expected to end the year $2 million below
budget, or 2.6%. However, this does not take into account the $2.7 million
transfer to pay off the debt in the ShoWare Operating Fund. That transaction
requires additional budget authority, which has been included in the final 2014
budget adjustment ordinance going to Operations Committee on January 20, 2015.
48
General Fund Revenues
14,000,000
12,000,000
10,000,000
8,000,000
6,000,000
i
Id
1,
2,000,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual 13 Act
I14Ac[
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 4,028,318 4,583,096 6,001,633 12,637,574 5,770,140 5,127,177 4,543,328 3,817,076 6,124,579 11,804,536 5,172,566 5,895,434
14 Bud 3,982,396 4,406,324 6,354,793 12,844,735 6,420,714 5,402,442 4,039,481 3,513,110 5,578,626 12,549,364 5,147,943 5,084,567
14 Pct 4,806,171 4,872,050 6,226,128 11,990,500 7,286,212 5,755,176 4,853,202 4,375,109 5,752,568 12,669,495 4,799,762
+/- 823,775 465,726 (128,665) (854,236) 865,498 352,734 813,721 861,999 173,942 120,132 (348,181)
Put+/- 20.7% 10.6% -2.0% -6J% 13.5% 6.5% 20.1% 24.5% 3.1% 1.0% -6.8%
General Fund Revenues
80,000,000
70,000,000
60,000,000 ,u-
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
Cumulative Budget vs Actual '"'13AG
t14Ac[
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 4,028,318 8,611,414 14,613,048 27,250,622 33,020,762 38,147,939 42,691,267 46,508,343 52,632,922 64,437,459 69,610,025 75,505,459
14 Bud 3,982,396 8,388,720 14,743,514 27,588,249 34,008,963 39,411,405 43,450,886 46,963,996 52,542,622 65,091,986 70,239,929 75,324,496
14 Pct 4,806,171 9,678,221 15,904,350 27,894,849 35,181,061 40,936,237 45,789,439 50,164,548 55,917,116 68,586,611 73,386,373
+/- 823,775 1,289,501 1,160,836 306,600 1,172,098 1,524,832 2,338,553 3,200,552 3,374,494 3,494,626 3,146,445
Put+/- 20.7% 15.4% 7.9% 1.1% 3.4% 3.9% 5.4% 6.8% 6.4% 5.4% 4.5%
49
General Fund Expenditures
8,000,000
7,000,000 „fin,
6,000 000
a,
Is"
AA
AR/5,000,00o ,/tw. °"ae
4,000,000
3,000,000
2,000,000
1,000,000
p
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual 0 13 Act
�14 Act
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 4,862,423 5,137,796 5,348,098 5,266,179 6,186,827 5,189,557 5,855,298 5,511,065 5,566,181 5,455,759 5,897,981 6,905,816
14 Bud 5,718,284 5,969,222 6,267,591 6,012,346 6,603,286 5,796,604 6,568,709 5,509,304 6,112,502 5,132,799 6,307,372 5,853,228
14 Pct 5,256,687 5,387,773 5,586,867 5,727,725 5,636,034 5,595,604 6,365,606 4,842,747 5,848,947 6,647,160 6,399,687
+/- (461,597) (581,450) (680,724) (284,621) (967,251) (201,000) (203,102) (666,557) (263,556) 1,514,361 92,316
Put+/- -8.1% -9J% -10.9% -4J% -14.6% -3.5% -3.1% -12.1% -4.3% 29.5% 1.5%
General Fund Expenditures
80,000,000
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
Cumulative Budget vs Actual '"'13AG
t14Ac[
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 4,862,423 10,000,218 15,348,316 20,614,495 26,801,321 31,990,878 37,846,176 43,357,241 48,923,422 54,379,181 60,277,163 67,182,979
14 Bud 5,718,284 11,687,507 17,955,097 23,967,444 30,570,729 36,367,333 42,936,042 48,445,345 54,557,848 59,690,647 65,998,019 71,851,247
14 Pct 5,256,687 10,644,460 16,231,327 21,959,052 27,595,086 33,190,690 39,556,296 44,399,043 50,247,990 56,895,150 63,294,837
+/- (461,597) (1,043,047) (1,723,770) (2,008,392) (2,975,643) (3,176,643) (3,379,746) (4,046,302) (4,309,858) (2,795,497) (2,703,181)
Put+/- -8.1% -8.9% -9.6% -8.4% -9J% -8J% -7.9% -8.4% -7.9% -4J% -4.1%
50
Property Tax
9,000,000
8,000,000
7,000,000
6,000,0003,000,000
�''v
5,000,000
4,000,000
o,
2,000,000
1,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual I 13 Act
114Act
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 273 147,736 523,185 7,848,577 1,902,916 85,481 37,836 60,671 438,048 7,642,281 1,284,485 154,270
14 Bud 0 155,234 551,270 7,908,281 1,966,449 79,415 39,129 92,629 395,829 7,652,784 1,571,234 115,565
14 Pct 822 152,555 872,375 7,185,077 2,407,918 199,531 60,537 70,106 429,260 8,123,871 977,621
+/- 822 (2,679) 321,104 (723,204) 441,469 120,117 21,408 (22,523) 33,431 471,087 (593,613)
Put+/- 0.0% -1J% 58.2% -9.1% 22.5% 151.3% 54.7% -24.3% 8.4% 6.2% -37.8%
Property Tax
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
Cumulative Budget vs Actual """13AG
.14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 273 148,009 671,195 8,519,772 10,422,688 10,508,169 10,546,005 10,606,677 11,044,724 18,687,005 19,971,491 20,125,761
14 Bud 0 155,234 706,505 8,614,785 10,581,234 10,660,649 10,699,778 10,792,407 11,188,236 18,841,021 20,412,255 20,527,820
14 Pct 822 153,377 1,025,752 8,210,828 10,618,747 10,818,278 10,878,815 10,948,921 11,378,181 19,502,052 20,479,673
+/- 822 (1,857) 319,247 (403,957) 37,512 157,629 179,037 156,514 189,945 661,031 67,418
Put+/- 0.0% -1.2% 45.2% -4J% 0.4% 1.5% 1.7% 1.5% 1.7% 3.5% 0.3%
51
Sales Tax
3,000,000
2,500,000
2,000,000
1,500,000 ,,,,,i
ma P
m
1,000,000
500,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual f�e 13 Act
.14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 1,244,395 1,570,865 2,351,133 1,129,137 1,336,852 2,070,080 1,396,920 1,400,615 2,653,159 1,355,153 1,421,997 2,757,308
14 Bud 1,094,236 1,466,841 2,531,391 1,016,391 1,213,197 2,610,310 1,149,141 1,238,690 2,710,831 1,179,822 1,265,306 2,758,304
14 Pct 1,273,289 1,665,875 2,491,503 1,190,680 1,448,704 2,644,983 1,448,604 1,615,371 2,752,354 1,473,907 1,647,895
+/- 179,053 199,034 (39,888) 174,289 235,507 34,672 299,463 376,681 41,523 294,085 382,589
put 16.4% 13.6% -1.6% 17.1% 19.4% 1.3% 26.1% 30.4% 1.5% 24.9% 30.2%
Sales Tax
25,000,000
20,000,000 ,,,,,,, ...........
15,000,000 ,,,i�
10,000,000
5,000,000 . ,
o +
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
Cumulative Budget vs Actual 13A1t
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 1,244,395 2,815,260 5,166,393 6,295,530 7,632,382 9,702,462 11,099,383 12,499,998 15,153,157 16,508,310 17,930,307 20,687,615
14 Bud 1,094,236 2,561,077 5,092,4158 6,108,859 7,322,055 9,932,366 11,081,506 12,320,196 15,031,027 16,210,850 17,476,156 20,234,460
14 Pct 1,273,289 2,939,164 5,430,667 6,621,347 8,070,051 10,715,034 12,163,638 13,779,009 16,531,363 18,005,270 19,653,165
+/- 179,053 378,087 338,199 512,488 747,996 782,668 1,082,131 1,458,813 1,500,336 1,794,421 2,177,009
pct 16.4% 14.8% 6.6% 8.4% 10.2% 7.9% 9.8% 11.8% 10.0% 11.1% 12.5%
52
Utility Tax
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
Monthly Budget vs Adjusted Actual 13Att
.14Att
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 P t 1,928,686 1,593,360 1,575,939 1,814,487 1,482,322 1,315,268 1,668,079 1,400,094 1,690,099 1,696,812 1,436,286 1,517,705
14 Bud 2,084,694 1,616,252 1,596,145 1,880,734 1,468,120 1,474,156 1,722,301 1,346,390 1,604,347 1,527,144 1,464,275 1,287,409
14P t 2,077,962 1,709,385 1,608,285 1,934,443 1,464,375 1,263,734 1,825,760 1,370,740 1,292,082 1,779,420 1,325,684
+/- (6,732) 93,133 12,140 53,710 (3,745) (210,422) 103,459 24,350 (312,265) 252,276 (138,591)
Pct+/- -0.3% 5.8% 0.8% 2.9% -0.3% -14.3% 6.0% 1.8% -19.5% 16.5% -9.5%
Utility Tax
25,000,000
20,000,000
15,000,000
577,
10,000,000
5,000,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
✓. 13Att
Cumulative Budget vs Actual .14Att
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 P t 1,928,686 3,522,046 5,097,985 6,912,472 8,394,794 9,710,063 11,378,142 12,778,236 14,468,335 16,165,147 17,601,433 19,119,138
14 Bud 2,084,694 3,700,946 5,297,091 7,177,825 8,645,945 10,120,101 11,842,402 13,188,792 14,793,139 16,320,283 17,784,558 19,071,967
14P t 2,077,962 3,787,347 5,395,632 7,330,075 8,794,450 10,058,185 11,883,945 13,254,685 14,546,767 16,326,187 17,651,871
+/- (6,732) 86,401 98,540 152,250 148,505 (61,916) 41,543 65,893 (246,372) 5,904 (132,687)
Pct+/- -0.3% 2.3% 1.9% 2.1% 1.7% -0.6% 0.4% 0.5% -1J% 0.0% -0J%
53
Building Permits
800,000
700,000
600,000
5 00,000
400,000
300,000
200,000
Jlbi100,000
mmi
1J/Il,
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual -u 13 Alt
.14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 77,108 196,379 209,153 213,511 271,096 324,478 255,066 163,164 216,429 187,657 192,866 122,432
14 Bud 154,976 164,593 214,758 253,201 256,819 275,756 264,924 234,511 199,071 173,904 156,241 128,089
14 Pct 197,974 148,496 176,394 241,223 682,160 233,945 309,879 291,359 215,633 191,272 128,479
+/- 42,997 (16,098) (38,364) (11,978) 425,341 (41,810) 44,955 56,848 16,562 17,368 (27,762)
Put+/- 27J% -9.8% -17.9% -4J% 165.6% -15.2% 17.0% 24.2% 8.3% 10.0% -17.8%
Building Permits
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000 r"
n.,
a
500,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
Cumulative Budget vs Actual �.-13Ac[
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 77,108 2]3,48] 482,640 696,151 967,247 1,291,725 1,546,791 1,709,955 1,926,384 2,114,041 2,306,908 2,429,339
14 Bud 154,976 319,570 534,328 787,529 1,044,348 1,320,104 1,585,028 1,819,539 2,018,610 2,192,513 2,348,754 2,476,843
14 Pct 197,974 346,469 522,864 764,087 1,446,247 1,680,192 1,990,071 2,281,430 2,497,063 2,688,335 2,816,814
+/- 42,997 26,900 (11,465) (23,443) 401,899 360,088 405,043 461,891 478,453 495,821 468,060
Put+/- 27J% 8.4% -2.1% -3.0% 38.5% 27.3% 25.6% 25.4% 23.7% 22.6% 19.9%
54
Plan Check Fees
600,000
5 00,000
400,000
300,000
.200,000 /oi�r
100,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual .13Ac[
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 P t 181,841 190,940 291,904 145,764 293,145 319,439 165,345 160,581 153,065 186,653 191,967 203,691
14 Bud 162,218 202,780 226,463 239,120 267,864 281,596 208,320 189,727 168,946 168,560 151,439 133,698
14P t 181,841 561,764 200,524 274,831 443,503 290,248 288,761 311,569 199,400 331,969 68,520
+/- 246,068 358,983 (25,938) 35,711 175,639 8,651 80,442 121,842 30,454 163,409 (82,919)
Put+/- 151.7% 177.0% -11.5% 14.9% 65.6% 3.1% 38.6% 64.2% 18.0% 96.9% -54.8%
Plan Check Fees
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000 ,._
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
Cumulative Budget vs Actual """'13AG
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 P t 181,841 372,782 664,686 810,450 1,103,595 1,423,034 1,588,378 1,748,960 1,902,024 2,088,677 2,280,644 2,484,335
14 Bud 162,218 364,998 591,461 830,581 1,098,444 1,380,041 1,588,360 1,778,088 1,947,033 2,115,593 2,267,032 2,400,730
14 P t 181,841 743,605 944,129 1,218,960 1,662,463 1,952,710 2,241,471 2,553,040 2,752,440 3,084,409 3,152,929
+/- 19,624 378,607 352,669 388,379 564,018 572,670 653,111 774,953 805,407 968,816 885,897
Put+/- 12.1% 103.7% 59.6% 46.8% 51.3% 41.5% 41.1% 43.6% 41.4% 45.8% 39.1%
55
Recreation Fees
250,000
200,000
150,000
100,000
r
50,000 r „q 1`iio� ,�AI
0 ...4 4... 4 . 4 ... ... Y Y ......
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual f�e 13 Act
.14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 146,178 46,730 93,362 200,494 75,294 54,760 157,061 90,541 164,659 52,443 27,660 49,260
14 Bud 133,062 30,041 88,692 209,984 78,904 50,068 161,067 107,545 163,499 54,177 38,244 84,039
14 Pct 158,329 35,116 102,718 186,024 65,983 54,281 158,713 102,625 168,816 37,557 31,015
+/- 25,267 5,074 14,026 (23,960) (12,921) 4,213 (2,354) (4,919) 5,317 (16,620) (7,229)
put 19.0% 16.9% 15.8% -11.4% -16.4% 8.4% -1.5% -4.6% 3.3% -30J% -18.9%
Recreation Fees
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
Cumulative Budget vs Actual k 13Aa
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 146,178 192,909 286,270 486,764 562,058 616,818 773,879 864,420 1,029,079 1,081,522 1,109,182 1,158,442
14 Bud 133,062 163,103 251,795 461,779 540,683 590,751 751,818 859,362 1,022,861 1,077,038 1,115,282 1,199,321
14 Pct 158,329 193,444 296,162 482,186 548,169 602,450 761,163 863,788 1,032,604 1,070,161 1,101,176
+/- 25,267 30,341 44,367 20,407 7,487 11,699 9,346 4,426 9,743 (6,877) (14,105)
pct+/- 19.0% 18.6% 17.6% 4.4% 1.4% 2.0% 1.2% 0.5% 1.0% -0.6% -1.3%
56
Fines & Forfeitures
250,000
200,000
150,000
J
100,000
50,000
p
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual .. "",
. 14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 P t 73,739 123,702 214,547 72,313 198,066 91,484 169,112 64,810 192,824 60,576 160,880 71,327
14 Bud 115,747 132,555 167,915 134,256 133,122 134,472 121,990 128,816 128,983 122,171 125,806 106,596
14P t 85,589 78,082 119,555 121,053 170,649 103,048 145,809 169,798 38,063 88,904
+/- (30,158) (54,473) (48,360) (13,203) 37,527 (31,424) 23,819 40,982 (90,920) (33,267)
Put+/- -26.1% -41.1% -28.8% -9.8% 28.2% -23.4% 19.5% 31.8% -70.5% -27.2%
Fines & Forfeitures
1,800,000
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
p
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
13AR
Cumulative Budget vs Actual
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 P t 73,739 197,442 411,989 484,302 682,368 773,853 942,964 1,007,775 1,200,599 1,261,174 1,422,054 1,493,381
14 Bud 115,747 248,302 416,217 550,473 683,595 818,067 940,057 1,068,873 1,197,856 1,320,027 1,445,833 1,552,429
14P t 85,589 163,671 283,226 404,280 574,929 677,977 823,786 993,584 1,031,647 1,120,551
+/- (30,158) (84,631) (132,991) (146,194) (108,666) (140,090) (116,271) (75,289) (166,209) (199,476)
Put+/- -26.1% -34.1% -32.0% -26.6% -15.9% -17.1% -12.4% -7.0% -13.9% -15.1%
57
B & O Revenues
1,600,000
1,400,000
1,200,000
1,000,000
�U
800,000 �. f
600,000
400,000 /Ilk
G c
200,000 '-„,�
0
4 1 4-.. % V p ....1
(200,000) Jan Feb Mar ,Apr May Jun Jul Aug Sep ,Oct Nov Dec
14Bud
Monthly Budget vs Adjusted Actual -aaAct
t14Act
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 393,416 231,980 1,098,195 386,382 55,491 948,183 228,088 1,358,358
14 Bud 0 0 0 940,000 235,000 0 940,000 235,000 0 940,000 235,000 1,175,000
14 Pct 2,955 521 7,713 1,009,729 (19,661) 46,255 1,448,150 30,811 141,340 1,224,262 78,680
+/- 2,955 521 0 69,729 (254,661) 46,255 508,150 (204,189) 141,340 284,262 (156,320)
Pct+/- - - - 7.4% -108.4% 0.0% 54.1% -86.9% 0.0% 30.2% -66.5%
B & O Revenues
5,000,000
4,500,000
4,000,000
3,500,000 y j
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000 '�
500,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14Bud
Cumulative Budget vs Actual H,.1aAa
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 0 0 0 0 393,416 625,396 1,723,591 2,109,973 2,165,464 3,113,647 3,341,735 4,700,093
14 Bud 0 0 0 940,000 1,175,000 1,175,000 2,115,000 2,350,000 2,350,000 3,290,000 3,525,000 4,700,000 '
14 Pct 2,955 3,475 11,188 1,020,917 1,001,256 1,047,511 2,495,661 2,526,471 2,667,811 3,892,073 3,970,753
+/- 2,955 3,475 11,188 80,917 (173,744) (127,489) 380,661 176,471 317,811 602,073 445,753
Pc +/- 8.6% -14.8% -10.9% 18.0% 7.5% 13.5% 18.3% 12.6%
*Does not include$300,000 General Fund Amount
58
Water Operating Revenues
3,000,000
2,000,000 do 2,500,000
1,500,000
1,000,000
500,000
p
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual .. "",
. 14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 P t 1,387,570 1,031,007 1,096,391 1,103,113 1,404,702 1,455,984 2,032,444 1,751,009 2,235,360 1,245,803 1,240,046 1,023,652
14 Bud 1,412,707 1,066,954 1,108,976 1,119,109 1,415,032 1,475,101 1,836,383 1,793,795 2,197,628 1,333,402 1,239,847 1,224,692
14 P t 1,455,353 1,118,686 1,157,967 1,033,025 1,546,390 1,436,198 2,110,185 2,008,509 2,575,517 1,412,943 1,464,904
+/- 42,646 51,732 48,991 (86,083) 131,357 (38,904) 273,802 214,714 377,889 79,541 225,057
Put+/- 3.0% 4.8% 4.4% -]J% 9.3% -2.6% 14.9% 12.0% 17.2% 6.0% 18.2%
Water Operating Revenues
20,000,000
18,000,000
16,000,000
14,000,000
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
p
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
13AR
Cumulative Budget vs Actual
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 P t 1,387,570 2,418,577 3,514,968 4,618,081 6,022,783 7,478,767 9,511,210 11,262,219 13,497,579 14,743,382 15,983,428 17,007,080
14 Bud 1,412,707 2,479,661 3,588,637 4,707,745 6,122,778 7,597,879 9,434,262 11,228,057 13,425,685 14,759,087 15,998,934 17,223,626
14 P t 1,455,353 2,574,038 3,732,005 4,765,030 6,311,420 7,747,618 9,857,803 11,866,312 14,441,830 15,854,773 17,319,677
+/- 42,646 94,377 143,369 57,285 188,642 149,739 423,541 638,255 1,016,144 1,095,686 1,320,743
Put+/- 3.0% 3.8% 4.0% 1.2% 3.1% 2.0% 4.5% 5.7% 7.6% 7.4% 8.3%
59
Sewer and Drainage Operating Revenues
4,500,000
4,000,000
, /i
3,500,000 „� d
�.�i.
�Oi „�3.�
3,000,000
/�.,..
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual 13 Act
I14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 3,804,787 3,182,946 3,378,914 3,638,900 3,442,025 3,292,346 4,044,226 3,293,735 3,601,943 3,678,513 3,519,217 3,199,905
14 Bud 3,872,807 3,270,131 3,474,374 3,700,363 3,545,173 3,424,518 4,028,491 3,453,074 3,746,718 3,638,180 3,448,681 3,552,703
14 Pct 3,804,787 3,641,573 3,529,636 3,625,751 3,694,084 3,304,308 4,194,283 3,527,793 3,841,581 3,834,080 3,689,288
+/- (68,020) 371,443 55,262 (74,612) 148,911 (120,210) 165,793 74,719 94,863 195,900 240,607
Put+/- -1.8% 11.4% 1.6% -2.0% 4.2% -3.5% 4.1% 2.2% 2.5% 5.4% 7.0%
Sewer and Drainage Operation Revenues
50,000,000
45,000,000
40,000,000 „
35,000,000
30,000,00025,000,000
20,000,000
15,000,000
10,000,000
5,000,000
p p ...p p... p ..0. ....I
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
13AR
Cumulative Budget vs Actual
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 3,804,787 6,987,733 10,366,646 14,005,546 17,447,571 20,739,918 24,784,144 28,077,879 31,679,822 35,358,335 38,877,551 42,077,456
14 Bud 3,872,807 7,142,938 10,617,312 14,317,674 17,862,847 21,287,365 25,315,856 28,768,930 32,515,648 36,153,828 39,602,509 43,155,212
14 Pct 3,804,787 7,446,360 10,975,996 14,601,747 18,295,831 21,600,139 25,794,422 29,322,215 33,163,796 36,997,876 40,687,164
+/- (68,020) 303,422 358,685 284,073 432,984 312,773 478,566 553,285 648,148 844,049 1,084,655
Put+/- -1.8% 4.2% 3.4% 2.0% 2.4% 1.5% 1.9% 1.9% 2.0% 2.3% 2.7%
60
Golf Operating Revenues
500,000
45 0,000
400,000
350,000
300,000
250,000
200,000 „� q�/�N
150,000c1t ,,�"'
100,000
50,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Monthly Budget vs Adjusted Actual 13 Act
I14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 71,129 108,922 184,571 201,960 255,764 326,892 346,431 326,773 186,999 161,151 75,993 113,011
14 Bud 92,281 129,075 186,256 271,833 314,960 395,330 454,944 438,064 279,049 206,440 112,233 148,528
14 Pct 74,637 80,766 143,772 252,286 287,739 340,940 346,777 336,914 218,779 149,802 54,403
+/- (17,644) (48,309) (42,483) (19,547) (27,221) (54,390) (108,167) (101,150) (60,271) (56,638) (57,830)
put -19.1% -37.4% -22.8% -7.2% -8.6% -13.8% -23.8% -23.1% -21.6% -27.4% -51.5%
Golf Operating Revenues
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 Bud
Cumulative Budget vs Actual k 13Aa
�14AR
]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
13 Pct 71,129 180,051 364,622 566,583 822,347 1,149,238 1,495,670 1,822,443 2,009,442 2,170,592 2,246,586 2,359,597
14 Bud 92,281 221,356 407,612 679,445 994,405 1,389,736 1,844,680 2,282,744 2,561,793 2,768,233 2,880,466 3,028,994
14 Pct 74,637 155,403 299,175 551,461 839,201 1,180,141 1,526,919 1,863,833 2,082,612 2,232,413 2,286,816
+/- (17,644) (65,953) (108,437) (127,984) (155,205) (209,594) (317,761) (418,911) (479,182) (535,820) (593,650)
pct -19.1% -29.8% -26.6% -18.8% -15.6% -15.1% -17.2% -18.4% -18J% -19.4% -20.6%
61
GENERALFUND
including Annexation
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Fund Balance 4,129,976 9,497,964 9,497,964 9,497,964 11,922,601 11,422,601
Revenues
Taxes:
Property 20,125,761 20,527,820 20,479,673 20,609,018 21,807,268 22,210,229
Sales Tax 20,687,615 20,234,460 19,653,165 22,272,633 21,853,978 22,361,012
Utility 19,119,138 19,071,967 17,651,871 19,283,124 19,452,335 19,593,575
Other 1,101,844 1,057,905 727,366 1,017,431 1,083,014 1,100,106
Business and Occupation Tax 299,907 300,000 303,600 303,600 772,190 739,158
Licenses and Permits 3,688,807 3,886,502 4,043,320 4,341,156 3,894,278 3,934,130
Intergovernmental Revenue 2,562,646 2,381,529 2,201,833 2,639,912 2,564,869 2,569,955
Charges for Services 5,125,968 5,029,870 5,691,721 6,081,756 5,342,632 5,334,055
Fines and Forfeitures 1,493,381 1,552,429 1,291,214 1,319,500 1,565,961 1,565,961
Miscellaneous Revenue 1,300,392 1,282,014 1,342,610 1,438,218 1,285,374 1,285,374
Transfers In 1,036,877 1,006,524 700,000 1,006,524 921,119 931,586
TOTAL REVENUES 76,542,336 76,331,020 74,086,373 80,312,872 80,543,018 81,625,141
Expenditures
Salaries &Benefits 48,072,286 49,933,845 44,380,355 48,669,080 52,042,816 54,169,746
Supplies 2,265,314 3,416,487 2,170,505 2,532,813 3,348,856 3,417,661
Services &Charges 26,823,039 26,741,052 23,163,800 25,663,078 27,387,745 28,505,203
Capital Outlay 10,499 4,206 4,206 45,000
Cost Allocations (9,988,159) (8,240,137) (6,424,030) (7,046,415) (7,541,085) (7,625,119)
Transfers Out 3,991,369 5,340,473 3,245,229 5,365,473 5,804,686 5,272,650
TOTAL EXPENDITURES 71,174,348 77,191,720 66,540,066 75,188,235 81,043,018 83,785,141
Net Revenues less Expenditures 5,367,988 (860,700) 7,546,307 5,124,637 (500,000) (2,160,000)
Ending Fund Balance 9,497,964 8,637,264 17,044,272 14,622,601 11,422,601 9,262,601
Comprised of:
General Fund Reserves 6,145,735 5,926,144 7,981,665 7,633,462 5,698,774
8.6% 7.7% 10.6% 9.4% 6.8%
Payoff ShoWare Operating Debt 2,700,000
Contingency for Unanticipated Costs 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000
Strategic Opportunities Fund 424,012 424,012 424,012
Restricted for Annexation 1,852,229 1,211,120 2,016,924 1,865,127 1,639,815
62
STREET OPERATING FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Fund Balance 275,044 704,890 704,890 704,890 613,910 704,210
Revenues
Fuel Tax - Unrestricted 1,912,362 1,905,592 1,750,445 1,911,406 1,923,659 1,928,467
Water Utility Tax 169,737 172,436 172,947 175,679 173,132 173,998
Sewer Utility Tax 245,997 238,182 237,958 257,126 255,411 262,673
Drainage Utility Tax 173,332 178,433 168,186 182,045 175,200 176,076
Electric Utility Tax 1,158,501 1,131,040 1,067,267 1,183,481 1,172,500 1,178,363
Gas Utility Tax 364,075 378,210 326,168 353,893 365,352 366,265
Garbage Utility Tax 231,277 207,925 223,276 239,813 236,558 237,741
Telephone Utility Tax 636,971 689,618 485,639 614,308 644,422 646,033
Business &Occupation Tax 4,700,093 4,700,000 3,970,753 4,700,000 4,700,000 4,700,000
Miscellaneous Revenues 1,261 70 4,258 4,258 800 800
Total Revenues 9,593,608 9,601,506 8,406,897 9,622,009 9,647,034 9,670,416
Total Resources 9,868,651 10,306,396 9,111,787 10,326,899 10,260,944 10,374,626
Expenditures&Transfers
Debt Service
PW Trust Fund Loan 752,069 823,391 823,391 823,391 819,535 815,678
GO Refund (96) 2004 139,507 151,089 151,089
GO Refund 2005 (93,95,00,96TF) 114,714 112,485 14,296 112,485 112,084 113,059
LTGO Bonds 2008 466,921 472,025 140,772 472,025 438,778 435,130
LTGO Bonds 2009 207,107 207,637 21,323 207,637 207,790 206,883
GO Refund 2012 (2000/2002) 600,022 713,250 91,510 713,250 713,092 712,463
GO Refund 2014 (2004) 145,238 3,365 145,238 128,424 115,283
Total Debt Service 2,280,340 2,625,115 1,094,657 2,625,115 2,419,703 2,398,496
Operating Costs
Street Utility Operations 1,573,555 1,700,976 1,556,864 1,644,365 1,718,629 1,743,888
Street Tree Maintenance Program 189,686 272,358 218,763 272,358 288,402 297,457
Engineering Services Allocation 265,180 265,180 196,581 265,180 275,000 275,000
Total Operating Costs 2,028,421 2,238,514 1,972,208 2,181,903 2,282,031 2,316,345
Arterials
B&0 Street Capital 2,550,000 4,834,200 4,834,200 4,834,200 4,700,000 4,700,000
256th Imps (Kent Kangley-116th) 2,000,000
Street Light Repair 150,000 (134,200) (134,200) (134,200)
Closed and other Arterial Projects 14,710
Total Arterials 4,714,710 4,700,000 4,700,000 4,700,000 4,700,000 4,700,000
Other Improvements
Metro Transit Services 155,000 155,000 155,000 155,000 155,000 155,000
Closed and Other Improvements (14,710)
Total Other Improvements 140,290 155,000 155,000 155,000 155,000 155,000
Total Effective Transportation System 6,883,421 7,093,514 6,827,208 7,036,903 7,137,031 7,171,345
Total Expense &Transportation 9,163,761 9,718,629 7,921,865 9,662,018 9,556,734 9,569,841
Change In Fund Balance 429,846 (117,123) 485,032 (40,009) 90,300 100,575
Ending Fund Balance 704,890 587,767 1,189,921 664,881 704,210 804,785
63
LODGING TAX OPERATING FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget VTD Est Actual Adopted Adopted
Beginning Fund Balance 95,397 193,663 193,663 193,663 243,840 263,485
Revenues
Lodging Tax 217,618 196,812 226,794 238,310 208,060 210,141
Miscellaneous Income 85 50 187 205 85 85
Total Revenues 217,703 196,862 226,981 238,515 208,145 210,226
Total Resources 313,099 390,525 420,644 432,178 451,985 473,711
Expenditures
Services & Charges 10,000 10,000
Seattle Southside Visitor Services 60,000 60,000 13,516 14,000
Tourism Unallocated 10,000 20,000 21,000 21,000 80,000 80,000
Tourism Chamber 18,500 18,500 18,500 18,500 18,500 18,500
ShoWare Marketing 35,000 60,000 60,000 60,000
Branding Activities 20,000 18,324 19,250 20,000 20,000
Total Expenditures 123,500 178,500 71,340 72,750 188,500 188,500
Transfers Out - Showare Center Marquee (4,064)
Total Expenditures and Transfers 119,436 178,500 71,340 72,750 188,500 188,500
Change in Fund Balance 98,266 18,362 155,641 165,765 19,645 21,726
Ending Fund Balance 193,663 212,025 349,304 359,428 263,485 285,211
64
YOUTH/TEEN PROGRAMS OPERATING FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
BEGINNING FUND BALANCE 86,458 157,337 157,337 157,337 161,140 136,168
REVENUES
Utility Taxes:
Water 50,921 51,731 51,884 52,704 51,940 52,199
Sewer 73,799 71,455 71,387 77,138 76,623 78,802
Drainage 51,999 57,650 50,456 54,614 52,560 52,823
Electric 347,550 339,244 320,180 355,045 351,750 353,509
Gas 109,223 113,399 97,851 106,168 109,606 109,880
Garbage 69,383 62,442 66,983 71,944 70,967 71,322
Telephone 191,091 206,885 145,692 184,292 193,327 193,810
Miscellaneous Revenues 338 255 338 425 255 255
TOTAL REVENUES 894,305 903,061 804,770 902,329 907,028 912,600
TOTAL RESOURCES 980,763 1,060,398 962,108 1,059,666 1,068,168 1,048,768
EXPENDITURES
Transfer Out- General Fund Teen Programs 781,426 856,524 700,000 856,524 890,000 900,000
Teen Golf Program 42,000 42,000 42,000 42,000 42,000
TOTAL EXPENDITURES (TRANSFERS) 823,426 898,524 700,000 898,524 932,000 942,000
Change In Fund Balance 70,879 4,537 104,770 3,805 (24,972) (29,400)
ENDING FUND BALANCE 157,337 161,874 262,108 161,142 136,168 106,768
65
CAPITAL IMPROVEMENT OPERATING FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Total Beginning Fund Balance (11,082,376) (7,426,649) (7,426,649) (7,426,649) (5,381,230) (2,764,483)
Revenues&Other Fin Sources
Sales Tax 4,841,673 4,874,950 4,763,886 5,132,174 5,347,900 5,561,789
Utility Tax 1,178,131 1,218,674 1,158,180 1,219,366 1,207,485 1,225,493
Real Estate Excise Tax 1,875,994 1,548,819 1,452,395 1,500,796 1,505,000 1,505,000
Real Estate Excise Tax-2nd Qtr 1,875,994 1,548,819 1,452,395 1,500,796 1,505,000 1,505,000
Real Estate Excise Tax-St Percent 85,959 48,782 48,782
Miscellaneous Revenues 1,086 3,978 1,216 2,171 1,135 1,135
Excess B&O Tax Over$5m 175,212
Sale of Property 1,827,862 3,500,000 2,314,228 2,314,228
Transfer In -GF 2,361,219 2,259,600 1,901,058 2,532,797 4,032,711 3,472,615
Total Rev/Other Fin Sources 14,223,131 14,954,840 13,092,139 14,251,108 13,599,231 13,271,032
Total Resources 3,140,756 7,528,191 5,665,491 6,824,459 8,218,001 10,506,549
Expenditures (Transfers)
Debt Service
Non-Voted Debt Service 1,179,443 1,218,674 638 1,219,366 1,207,485 1,225,493
Valley Communications 204,880 229,280 229,280 229,280 228,800
LTGO/Taxable Bonds 2003 666,276 186,491 21,481 186,491 186,698 186,468
GO Refund (96) 2004 1,480,875 1,603,821
GO Refund 2005 (93,95,00,96TF) 191,579 187,857 23,875 187,857 187,185 188,815
LTGO Bonds 2006 758,000 1,246,000 223,000 1,246,000 1,210,000 1,170,000
LTGO Bonds 2008 1,306,679 1,324,575 395,028 1,324,575 1,330,197 1,305,995
GO Refund 2009 (Part 1999) 721,268 723,120 92,476 723,120 723,656 720,485
GO Refund 2012 (2000/2002) 747,258 645,377 64,586 645,377 645,233 644,662
GO Refund 2014 (2004) 1,542,757 35,719 1,542,757 1,363,230 1,223,728
ShoWa re Debt Service 2,804,475 2,400,000 1,227,092 2,800,000 3,100,000 3,200,000
Subtotal Debt Service 10,060,733 11,307,952 2,313,174 10,104,823 10,182,484 9,865,646
Information Technology
RAIN 10,645
ALPR 29,558
Closed and Other IT Projects (43,334)
Subtotal Information Technology (3,131) 0 0 0 0 0
Parks
Lifecycle Parks System 105,102 500,000 500,000 500,000 500,000 500,000
Wilson Playfield 800,000 800,000 800,000
Eagle Scout Projects 56,687
Adopt-a-Park Program 39,296
Urban Forestry 51,586
Closed and Other Parks Projects (2,671)
Subtotal Parks 250,000 1,300,000 1,300,000 1,300,000 500,000 500,000
Other
Event Center Lifecycle 300,000 300,000 300,000 300,000 300,000 300,000
Closed and Other Projects (40,197)
Subtotal Other 259,803 300,000 300,000 300,000 300,000 300,000
Total Expenditures (Transfers) 10,567,405 12,907,952 3,913,174 11,704,823 10,982,484 10,665,646
Change in Fund Balance 3,655,726 2,046,888 9,178,966 2,546,285 2,616,747 2,605,386
Total Ending Fund Balance (7,426,649) (5,379,761) 1,752,317 (4,880,363) (2,764,483) (159,097)
66
CRIMINAL JUSTICE OPERATING FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Fund Balance 650,437 1,057,804 1,057,804 1,057,804 917,320 633,899
Revenues
Sales Tax - Local Option (1) 2,077,598 1,942,648 2,029,313 2,213,796 2,116,152 2,137,314
MVET - Basic Crime 108,364 104,136 68,298 68,298 113,007 113,290
MVET - Special Programs 84,428 80,747 89,090 89,090 88,046 88,266
Miscellaneous Revenues 597 200 569 569 200 200
Total Revenues 2,270,987 2,127,731 2,187,270 2,371,753 2,317,405 2,339,070
Total Resources 2,921,424 3,185,535 3,245,074 3,429,557 3,234,725 2,972,969
Expenditures
Law
Salaries &Benefits 548,995 569,121 532,616 581,035 604,390 624,022
Supplies 9,786 30,922 9,249 10,090 31,204 31,489
Services &Charges 12,783 22,453 13,309 22,453 21,361 21,644
Domestic Violence
Salaries &Benefits 138,608 144,277 147,830 161,269 166,324 171,170
Services &Charges 8,320 8,361 8,106 8,968 5,838 5,955
KYFS-Youth Violence Prevention
Services &Charges 25,000 25,000 25,000 25,000 25,000
Police
Salaries &Benefits 986,045 1,415,576 1,442,942 1,474,119 1,395,795 1,427,908
Supplies 49,114 93,476 45,706 45,706 186,623 187,694
Services &Charges 41,856 137,056 48,179 69,773 147,791 152,341
Capital Outlay
Total Expenditures 1,820,508 2,446,242 2,247,936 2,398,413 2,584,326 2,647,223
Transfers Out 43,112 16,500 16,500 16,500 16,500
Total Expenditures and Transfers 1,863,620 2,462,742 2,247,936 2,414,913 2,600,826 2,663,723
Increase (Decrease) In Fund Balance 407,367 (335,011) (60,666) (43,159) (283,421) (324,653)
Ending Fund Balance 1,057,804 722,793 997,138 1,014,644 633,899 309,246
(1) Council resolution allocated 11% of Criminal Justice sales tax to Domestic Violence.
67
GOLF OPERATING FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actuals Budget VTD Est Actual Adopted Adopted
Beginning Working Capital (2,395,200) (2,653,878) (2,653,878) (2,653,878) (2,954,800) (3,324,886)
18 Hole Course
Operating Revenues
Green Fees 1,007,755 1,338,000 1,001,962 1,050,000 1,127,286 1,151,200
Cart&Club Rentals 162,852 204,000 151,051 155,000 171,000 176,000
Restaurant Lease 50,444 60,000 37,769 44,244 53,650 53,650
1,221,051 1,602,000 1,190,782 1,249,244 1,351,936 1,380,857
Direct Operating Expenditures 1,262,793 1,365,157 1,173,916 1,223,184 1,163,939 1,192,795
18 Hole Course Net Income/(Loss) (41,742) 236,843 16,866 26,060 187,997 188,055
Par 3 Course
Operating Revenues
Green Fees 214,921 281,000 203,807 205,000 251,000 251,000
Cart&Club Rentals 10,296 14,000 10,717 11,000 14,000 14,000
Food&Beverage Sales 11,793 20,000 10,203 10,400 12,000 12,000
237,010 315,000 224,728 226,400 277,000 277,000
Direct Operating Expenditures 257,596 260,934 216,925 262,052 253,633 258,404
Par 3 Course Net Income/(Loss) (20,586) 54,066 7,802 (35,652) 23,367 18,596
Driving Range/Merchandise Center
Operating Revenues
Driving Range Fees 414,048 470,000 405,888 425,000 435,000 440,000
Mini Putt Fees 37,573 48,000 34,863 35,000 40,000 42,000
Lesson Fees 75,522 110,000 82,654 85,000 85,000 87,250
Cart&Club Rentals 1,579 616 700
Food&Beverage Sales 32,790 35,000 33,761 35,000 35,000 35,000
Merchandise Sales 389,659 508,994 350,708 370,000 450,000 450,000
951,171 1,171,994 908,491 950,700 1,045,000 1,054,250
Direct Operating Expenditures 712,097 1,017,223 679,545 741,930 818,442 830,087
DR/Merchandising Net Income/(Loss) 239,074 154,771 228,946 208,770 226,558 224,163
Net Operating Income/(Loss) 176,746 445,680 253,614 199,178 437,922 430,814
Other Operating Revenue/(Expenses)
Internal Services* (361,706) (382,477) (344,741) (377,218) (371,467) (380,315)
Bank Charges/Armored Car Fees (40,671) (41,565) (35,184) (38,629) (42,188) (42,821)
Other Operating (12,066) (19,412) (16,829) (12,712) (19,703) (19,999)
(414,442) (443,454) (396,753) (428,559) (433,358) (443,135)
Adjusted Operating Income/(Loss) (237,697) 2,226 (143,139) (229,381) 4,564 (12,321)
Non-Operating Revenues(Expenses)
Admissions Tax to General Fund (66,676) (62,908) (70,628)
Non-Operating Revenues (Expenses)** 45,694 25,350 29,561 32,371 25,350 25,350
Capital Replace/Const-Well (400,000)
(20,982) 25,350 (33,348) (38,257) (374,650) 25,350
Net Change in Working Capital (258,678) 27,576 (176,487) (267,638) (370,086) 13,029
Ending Working Capital (2,653,878) (2,626,302) (2,830,365) (2,921,516) (3,324,886) (3,311,857)
* Internal Services includes: Finance, HR, Law, Fleet, IT, Facilities and Property/Liability Insurance
** Other Non-Operating includes: interfund loan interest, repair assets, cell tower lease and
penalties related to the restaurant contract.
68
FLEET SERVICES FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Working Capital 1,866,304 2,444,480 2,444,480 2,444,480 3,005,770 2,655,282
Operating Revenue
Fleet Operations 3,154,998 3,309,555 3,036,208 3,299,555 3,245,735 3,291,560
Fleet Replacement 795,109 1,042,850 958,016 1,045,109 1,199,279 1,379,173
Sale of Property 20,657 18,583 18,583
Miscellaneous Revenues 2,899 13,835 2,488 2,715 3,500 3,500
Transfers In 24,857 24,857
Total Operating Revenue 3,973,663 4,366,240 4,040,151 4,390,818 4,448,514 4,674,233
Total Resources 5,839,967 6,810,720 6,484,631 6,835,298 7,454,284 7,329,515
Expenditures
Salaries &Benefits 836,007 840,553 762,833 840,726 1,075,955 1,099,404
Supplies 1,363,952 1,615,815 1,214,825 1,518,866 1,488,867 1,504,725
Services 782,578 784,340 649,756 792,183 634,180 644,181
Capital Outlay 412,816 1,620,000 479,538 1,050,000 1,600,000 1,600,000
Total Expenditures 3,395,353 4,860,708 3,106,952 4,201,775 4,799,002 4,848,310
Transfers Out 134
Total Expenses and Transfers 3,395,487 4,860,708 3,106,952 4,201,775 4,799,002 4,848,310
Net Change In Working Capital 578,176 (494,468) 933,199 189,043 (350,488) (174,077)
Total Working Capital 2,444,480 1,950,012 3,377,679 2,633,523 2,655,282 2,481,205
69
CENTRAL SERVICES FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Working Capital (168,200) (87,039) (87,039) (87,039) (46,400) (25,820)
REVENUE
Central Stores 127,313 222,183 128,030 143,965 222,183 222,183
Postage 174,545 301,610 196,041 212,373 200,141 200,141
Transfers In 120,882
Total Revenue 422,740 523,793 324,071 356,338 422,324 422,324
Total Resources 254,540 436,754 237,033 269,299 375,924 396,504
EXPENSE
Central Stores 120,160 215,718 108,063 133,758 211,603 211,603
Postage 202,057 302,688 182,188 196,917 190,141 190,141
Central Services 19,361
Total Expense 341,578 518,406 290,250 330,675 401,744 401,744
Net Operating Income 81,162 5,387 33,821 25,663 20,580 20,580
Ending Working Capital (87,039) (81,652) (53,218) (61,375) (25,820) (5,240)
70
INFORMATION TECHNOLOGY FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Working Capital 570,140 1,122,778 1,122,778 1,122,778 1,534,450 1,147,539
Revenues
Internal Contributions 4,040,787 4,595,842 4,171,785 4,551,038 4,489,631 4,852,243
Utility Tax 1,363,668 1,045,200 1,274,380 1,390,235 1,370,820 1,377,674
Intergovernmental - RFA 455,684 452,893 335,032 452,893 421,664 427,644
Technology Fees 455,161 389,308 461,268 503,200 447,000 447,000
Miscellaneous Revenues 21,875 22,970 18,191 19,845 22,970 22,970
Total Revenue 6,337,175 6,506,213 6,260,656 6,917,211 6,752,085 7,127,531
Total Resources 6,907,315 7,628,991 7,383,434 8,039,988 8,286,535 8,275,070
Expenditures
Computer Systems
Salaries &Benefits 707,050 825,189 584,558 687,700 809,717 1,092,063
Supplies 16,980 4,032 8,652 12,652 4,076 4,125
Services &Charges 861,939 809,548 717,582 788,517 819,257 847,559
Subtotal 1,585,969 1,638,769 1,310,792 1,488,869 1,633,050 1,943,747
Tech Services
Salaries &Benefits 1,085,846 1,262,802 1,031,016 1,183,404 1,332,699 1,371,573
Supplies 46,711 53,178 59,739 65,170 35,438 36,037
Services &Charges 784,559 1,157,738 981,498 1,070,725 1,199,719 1,206,298
Subtotal 1,917,116 2,473,718 2,072,253 2,319,299 2,567,856 2,613,908
Printing/Graphics/Cable TV
Salaries &Benefits 666,243 690,015 640,203 698,410 747,974 769,797
Supplies 57,260 78,479 85,618 93,400 79,050 80,915
Services &Charges 252,046 396,943 295,771 322,700 414,066 424,486
Subtotal 975,549 1,165,437 1,021,592 1,114,510 1,241,090 1,275,198
Total Operating Expense 4,478,635 5,277,924 4,404,637 4,922,678 5,441,996 5,832,853
Transfers Out-LT Lifecycle 454,211 389,308 417,730 503,200 447,000 447,000
Transfers Out-IT Capital 851,691 858,500 858,500 858,500 1,250,000 1,250,000
Total Exp &Transfers 5,784,537 6,525,732 5,680,867 6,284,378 7,138,996 7,529,853
Net Income 552,638 (19,519) 579,789 632,833 (386,911) (402,322)
Ending Working Capital 1,122,778 1,103,259 1,702,567 1,755,611 1,147,539 745,217
71
FACILITIES OPERATING FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Working Capital 867,060 1,265,638 1,265,638 1,265,638 1,451,060 876,018
Operating Revenue
Intergovernmental -RFA 866,487 843,316 803,439 876,479 866,500 866,500
Rental Fees - Internal 3,997,582 4,178,609 3,830,392 4,178,609 4,262,181 4,347,425
Leases 26,918 26,916 24,675 26,918 26,916 26,916
Miscellaneous Revenue 14,697 16,269 13,388 14,388 14,800 14,800
Total Revenue 4,905,684 5,065,110 4,671,894 5,096,394 5,170,397 5,255,641
Total Resources 5,772,744 6,330,748 5,937,532 6,362,031 6,621,457 6,131,659
Operating Expense
Salaries and benefits 1,934,230 2,197,476 1,920,156 2,094,716 2,225,177 2,288,583
Supplies 284,997 360,176 290,492 326,900 355,570 360,578
Services and charges 1,678,765 1,924,181 1,420,569 1,882,037 2,029,692 2,088,321
Total Operating Expense 3,897,992 4,481,833 3,631,217 4,303,653 4,610,439 4,737,482
Other Financial Uses
Transfers Out- Projects 500,000 570,000 570,000 570,000 1,135,000 541,000
Transfers Out- Debt 109,115 31,714 31,714 31,714
Total Non Operating Rev (Exp) 609,115 601,714 601,715 601,714 1,135,000 541,000
Total Expenses and Uses 4,507,107 5,083,547 4,232,932 4,905,367 5,745,439 5,278,482
Net Change In Working Capital 398,577 (18,437) 438,962 191,027 (575,042) (22,841)
Ending Working Capital 1,265,638 1,247,201 1,704,600 1,456,664 876,018 853,177
72
UNEMPLOYMENT FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Working Capital 280,233 471,907 471,907 471,907 500,600 501,928
Revenues
Contributions 378,004 402,324 346,894 379,716 402,324 402,324
Miscellaneous Revenue 483 250 580 580 400 400
Total Revenues 378,487 402,574 347,474 380,296 402,724 402,724
Total Resources 658,720 874,481 819,381 852,203 903,324 904,652
Expenditures
Salaries & Benefits 20,291 24,605 18,448 20,125 21,947 22,610
Supplies 4,260 2,130 4,260 4,260
Claims Paid
1st Quarter 54,869 92,500 51,070 51,070 92,500 92,500
2nd Quarter 45,979 92,500 17,434 17,434 92,500 92,500
3rd Quarter 13,325 92,500 20,055 20,055 92,500 92,500
4th Quarter 49,552 92,500 92,500 92,500 92,500
Other Services &Charges 2,796 5,189 2,563 2,796 5,189 5,189
Total Expenditures 186,813 404,054 109,571 206,111 401,396 402,059
Net Income 191,674 (1,480) 237,903 174,185 1,328 665
Ending Working Capital 471,907 470,427 709,811 646,092 501,928 502,593
73
WORKERS COMPENSATION FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Working Capital 693,747 702,401 702,401 702,401 1,219,330 748,779
Revenues
Contributions 1,504,860 1,656,075 1,380,253 1,503,023 1,020,000 1,020,000
Miscellaneous Revenue 3,704 3,000 2,861 2,861 3,800 3,800
Total Revenue 1,508,564 1,659,075 1,383,114 1,505,884 1,023,800 1,023,800
Total Resources 2,202,311 2,361,476 2,085,515 2,208,285 2,243,130 1,772,579
Expenditures
Salaries &Benefits 81,168 99,636 73,791 80,499 87,671 90,312
Judgements &Damages 477,168 950,000 327,933 381,112 950,000 950,000
Ultimate Loss Adjustment 678,803 (866,279)
Liability Insurance 50,025 79,799 55,050 55,050 79,799 79,799
Intergovernmental Services 136,494 204,000 106,710 106,710 204,000 204,000
Administrative Expenses 64,788 54,853 53,556 61,363 54,853 54,853
Other Expenses 5,431 16,962 8,629 10,350 16,962 16,962
Safety Program 6,033 101,066 36,449 52,668 101,066 101,066
Total Expenditures 1,499,910 1,506,316 662,119 (118,526) 1,494,351 1,496,992
Net Income 8,654 152,759 720,995 1,624,410 (470,551) (473,192)
Ending Working Capital 702,401 855,160 1,423,396 2,326,811 748,779 275,587
Claims Reserve*
Reserve Amount - 12/31/13 2,436,279
Actuary Recommended -8/1/14 1,370,000
*Claims reserve is not included in ending working capital. It is adjusted annually on December 31st.The
variance between reserve amount booked and actuary recommended amount is due to a timing difference
between when the actual entries must be made versus receipt of the actuary report.
74
HEALTH AND EMPLOYEE WELLNESS FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Working Capital 5,963,620 7,117,378 7,117,378 7,117,378 7,019,280 5,845,480
Revenues
Contributions
Blue Cross 9,255,996 8,572,758 6,973,972 7,619,879 7,679,723 7,918,723
Health Savings Account 133,182 144,446 996,883 1,104,245 1,040,060 1,072,610
Group Health 377,096 445,761 351,612 380,512 468,050 491,453
Employee Share
Blue Cross 871,584 931,186 663,691 723,251 928,607 957,545
Group Health 54,350 58,250 47,078 50,839 61,163 64,221
RFA Contributions 99,719
COBRA 107,154 90,596 65,688 70,534 90,596 90,596
Miscellaneous 51,245 11,025 4,459 4,459 11,025 11,025
Total Revenue 10,950,327 10,254,022 9,103,383 9,953,719 10,279,224 10,606,173
Total Resources 16,913,946 17,371,400 16,220,761 17,071,097 17,298,504 16,451,653
Expenditures
Salaries &Benefits 320,639 361,095 315,256 343,916 363,211 373,873
Blue Cross Claims 7,464,567 8,701,459 6,390,843 7,136,223 8,513,886 8,939,580
Blue Cross Admin Fees 386,618 417,274 366,135 400,442 423,533 429,886
Blue Cross Audit Fees 60,519 30,260 61,427 62,348
Delta Dental Claims 697,219 860,816 598,069 713,790 791,951 831,549
Delta Dental Admin Fees 45,854 48,316 45,566 48,316 49,041 49,777
Vision Service Plan Claims 83,672 95,021 87,893 108,703 92,170 96,779
Vision Service Plan Admin Fees 19,911 15,008 12,262 13,416 15,233 15,461
Stop Loss Fees 338,359 477,380 310,373 369,259 484,541 491,809
Stop Loss Reimbursements (20,885) (349,793) (43,546) (355,040) (360,366)
Group Health Premiums 426,597 610,959 398,690 429,337 620,123 629,425
COBRA Medical Expenses 12,639 10,000 3,848 4,144 12,000 12,000
IBNR Adjustment (82,300) 61,700 61,700 62,626 63,565
Wellness 56,487 117,699 83,702 89,437 126,163 128,000
Other Professional Services 47,193 196,128 48,631 153,172 192,159 195,017
Total Expenditures 9,796,568 11,683,581 8,661,269 9,858,569 11,453,024 11,958,703
Change in Working Capital 1,153,759 (1,429,559) 442,114 95,150 (1,173,800) (1,352,530)
Ending Working Capital 7,117,378 5,687,819 7,559,492 7,212,528 5,845,480 4,492,950
IBNR 863,400 753,100 753,100 753,100 753,100 753,100
Target Fund Bal @ 2 X IBNR 1,726,800 1,506,200 1,506,200 1,506,200 1,506,200 1,506,200
Ending Working Capital Less 2 X IBNR 5,390,578 4,181,619 6,053,292 5,706,328 4,339,280 2,986,750
75
LEOFF 1 RETIREES BENEFITS FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget VTD Est Actual Adopted Adopted
Beginning Working Capital 699,508 862,223 862,223 862,223 970,860 970,860
Revenues and Transfers In
Contributions 662,889 751,294 623,688 743,812 777,192 851,112
Contributions - Dependents 31,317 72,000 55,743 61,208 57,168 62,304
Miscellaneous Revenue 1,052 2,500 756 756 1,100 1,100
Transfers In from General Fund 250,000 250,000 250,000 250,000 250,000
Total Revenues and Transfers In 945,258 1,075,794 680,187 1,055,776 1,085,460 1,164,516
Total Resources 1,644,766 1,938,017 1,542,410 1,917,999 2,306,320 2,385,376
Expenditures
Blue Cross Claims 530,975 801,775 471,541 516,663 687,278 721,642
Blue Cross Admin Fees 47,211 63,048 44,363 48,266 63,994 64,954
Delta Dental Claims 34,854 52,991 32,744 37,492 53,786 54,593
Delta Dental Admin Fees 5,194 4,869 5,182 5,261 4,942 5,016
Vision Service Plan Claims 4,793 7,813 3,867 4,300 7,930 8,049
Vision Service Plan Admin Fees 1,753 1,839 1,402 1,524 1,867 1,895
Stop Loss Reimbursements (25,000) (2,083)
Stop Loss Fees 41,333 51,434 37,165 43,899 52,206 52,989
IBNR Adjustment (18,300) 5,300 2,368 2,500 2,700
Medical Reimbursements 129,015 191,416 168,476 210,331 194,287 197,201
Other Professional Services 5,714 28,852 15,880 17,324 16,670 16,838
Total Expenditures 782,543 1,184,337 780,620 885,345 1,085,460 1,125,877
Change in Fund Balance 162,715 (108,543) (100,433) 170,430 38,639
Ending Working Capital 862,223 753,680 761,790 1,032,653 970,860 1,009,499
IBN R 67,100 34,400 34,400 34,400 62,900 62,900
Target Fund Bal @ 2 X IBN R 134,200 68,800 68,800 68,800 125,800 125,800
Ending Working Capital Less 2 X IBN R 728,023 684,880 692,990 963,853 845,060 883,699
76
LIABILITY INSURANCE FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Working Capital 2,187,087 3,503,130 3,503,130 3,503,130 4,227,710 3,475,445
Revenues
Contributions 2,340,300 1,989,256 1,823,487 1,989,259 1,130,000 1,130,000
Miscellaneous Revenue 6,118 4,000 4,383 4,383 6,000 6,000
Total Revenues 2,346,418 1,993,256 1,827,870 1,993,641 1,136,000 1,136,000
Total Resources 4,533,505 5,496,386 5,331,000 5,496,772 5,363,710 4,611,445
Expenditures
Salaries &Benefits 87,730 98,298 79,641 86,881 87,671 90,312
Claims &Deductibles 140,868 840,000 165,518 404,589 840,000 840,000
Insurance Premiums 687,359 755,737 714,186 714,186 755,737 792,962
Other Expenses 114,418 204,857 165,688 180,750 204,857 204,857
Total Expenditures 1,030,374 1,898,892 1,125,032 1,386,406 1,888,265 1,928,131
Net Income 1,316,043 94,364 702,838 607,235 (752,265) (792,131)
Ending Working Capital 3,503,130 3,597,494 4,205,968 4,110,366 3,475,445 2,683,314
Claims Reserve*
Reserve Amount- 12/31/13 1,478,030
Actuary Recommended -8/1/14 1,326,000
*Claims reserve is not included in ending working capital. It is adjusted annually on December 31st.The
variance between reserve amount booked and actuary recommended amount is due to a timing difference
between when the actual entries must be made versus receipt of the actuary report.
77
PROPERTY INSURANCE FUND
As of November 30, 2014
2013 2014 2014 2014 2015 2016
Actual Budget YTD Est Actual Adopted Adopted
Beginning Working Capital 141,317 176,960 176,960 176,960 178,790 183,961
Revenues
Contributions 562,455 568,080 520,740 568,080 582,850 611,995
Miscellaneous Revenue 53 100 27 27 50 50
Total Revenues 562,508 568,180 520,767 568,107 582,900 612,045
Total Resources 703,824 745,140 697,727 745,067 761,690 796,006
Expenditures
Insurance Premiums 494,705 520,200 725,653 725,653 530,604 557,134
Insurance Premiums-2015 portion (205,453) (205,453)
Property Claims/Deductibles 11,869 25,178 6,415 25,178 25,178 25,178
Other Expenses 20,291 24,605 18,448 20,903 21,947 22,610
Total Expenditures 526,864 569,983 545,062 566,281 577,729 604,922
Net Income 35,644 (1,803) (24,295) 1,826 5,171 7,123
Working Capital 176,960 175,157 152,665 178,787 183,961 191,084
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94
R55JCO21 City of Kent 1/13/2015 15:57:28
Fiscal Year: 14 Period: 11 Street Capital Projects Fund Page - 1
Budget Prior Years Fiscal YTD Prj to Date Variance %
Beginning Fund Balance 12,936- 10,188.78- 10,188.78- 2,747.22- 78.76
Fund Balance Adjustments 2,747 2,747.00
Intergovernmental 39,940,255- 30,105,445.60- 1,006,894.51- 31,112,340.11- 8,827,914.89- 77.90
Charges for Services 72,963- 101,956.52- 559.67- 102,516.19- 29,553.19 140.50
Miscellaneous Revenues 25,435,250- 16,972,605.02- 296,704.79- 17,269,309.81- 8,165,940.19- 67.90
Non Revenues 10,457,804- 10,482,432.31- 10,482,432.31- 24,628.31 100.24
Other Financing Sources 25,643,427- 26,066,247.21- 118,873.63- 26,185,120.84- 541,693.84 102.11
Operating Transfers In 18,537,323- 11,921,328.59- 5,399,999.81- 17,321,328.40- 1,215,994.60- 93.44
Total Available Resources 120,097,211- 95,660,204.03- 6,823,032.41- 102,483,236.44- 17,613,974.56- 85.33
Unallocated Street Projects 15,783 41,096.00 41,096.00 25,313.00- 260.38
Traffic Calming Projects 171,765.29 171,765.29 171,765.29-
Street Mitigation Receipts 463,969 463,969.00
Street Light Wiring Upgrade 120,000 52,817.03 52,817.03 67,182.97 44.01
Street Light Repair 15,800 15,799.81 15,799.81 .19 100.00
Misc Intersection Signals 200,000 124,788.87 124,788.87 75,211.13 62.39
Traffic Control Signal System 397,000 1,722.86 1,722.86 395,277.14 .43
228th St Bike Lane Connection 727,500 51,095.81 51,095.81 676,404.19 7.02
Pedestrian Walkways 401,938 416,108.32 416,108.32 14,170.32- 103.53
Kent-Kangley Pedestrian Improv 414,997 85,711.09 29,372.53 115,083.62 299,913.38 27.73
Railroad Quiet Zone 52,807 4,727.37 4,727.37 48,079.63 8.95
108th &208th Intersection Imp 60,000 83,634.07 79,140.22 162,774.29 102,774.29- 271.29
240th Street Slide Repair 700,000 86,684.62 86,684.62 613,315.38 12.38
Asphalt Overlays 2009 1,246,909 1,246,815.16 13.13 1,246,828.29 80.71 99.99
B&O Street Capital 8,152,194 1,222,852.19 2,466,644.74 3,689,496.93 4,462,697.07 45.26
Street Overlay&Misc Capital 246,190 52,951.09 15,330.51- 37,620.58 208,569.42 15.28
Sidewalk Renovations 2008 1,799,316 1,495,636.62 1,495,636.62 303,679.38 83.12
Kent Station 3,693,318 3,989,621.32 3,989,621.32 296,303.32- 108.02
Downtown ITS Improvements 4,932,423 4,967,276.42 4,967,276.42 34,853.42- 100.71
LID 84th Avenue Rehabilitation 7,379,096 7,028,877.80 4,270.05 7,033,147.85 345,948.15 95.31
256th Street- 116th to 132nd 58,000 58,000.00
BNSF Grade Separation 19,877,044 19,770,415.45 43,170.02 19,813,585.47 63,458.53 99.68
Military/Reith Intersection 30,031 30,031.01 30,031.01 .01- 100.00
272nd Extension (KKto 256th) 8,002,671 6,666,324.60 680.93 6,667,005.53 1,335,665.47 83.31
Willis St UPRR/BNRR Grade Sepr 881,627 240,444.86 6,792.79 247,237.65 634,389.35 28.04
James Ave Impr(4th to UPRR) 2,909,838 2,885,959.66 1,836.23 2,887,795.89 22,042.11 99.24
256thlmps(KentKangley-116th) 6,000,000 2,623,151.56 2,551,554.60 5,174,706.16 825,293.84 86.25
212th UPRR/BN Grade Separation 116,972 17,903.64 180,733.11 198,636.75 81,664.75- 169.82
LID 353 224th-228th Corridor 30,861,440 32,226,251.96 29,144.86 32,255,396.82 1,393,956.82- 104.52
LID 363-224th-228th (EVH-88th) 11,758,464 1,947,018.79 127,977.16 2,074,995.95 9,683,468.05 17.65
196th Street-East-Mitigation 527,273 822.58 112.97 935.55 526,337.45 .18
East Hill Operations Center 2,642,369 1,591,972.04 13,646.41 1,605,618.45 1,036,750.55 60.76
72nd Ave Imps(S.196th-200th) 112,242 123,582.34 22,407.84 145,990.18 33,748.18- 130.07
95
R55JCO21 City of Kent 1/13/2015 15:57:28
Fiscal Year: 14 Period: 11 Street Capital Projects Fund Page - 2
Budget Prior Years Fiscal YTD Prj to Date Variance %
Central Av(Willis-Green River) 300,000 7,280.63 7,280.63 292,719.37 2.43
224th-228th (88th-94th) 5,000,000 28,462.06 28,462.06 4,971,537.94 .57
Total Expenditures 120,097,211 88,952,591.65 5,889,178.35 94,841,770.00 25,255,441.00 78.97
Ending Balance 6 70 6612.38- 933 854.06- 7 64 4466.44-
96
R55JCO21 City of Kent 1/13/2015 15:58:06
Fiscal Year: 14 Period: 11 Parks Capital Projects Fund Page - 1
Budget Prior Years Fiscal YTD Prj to Date Variance %
Beginning Fund Balance 21,007- 21,005.82- 21,005.82- 1.18- 99.99
Intergovernmental 4,260,848- 3,402,213.48- 642,099.30- 4,044,312.78- 216,535.22- 94.92
Charges for Services 44- 43.84- 43.84- .16- 99.64
Miscellaneous Revenues 1,655,683- 1,597,323.94- 194,308.66- 1,791,632.60- 135,949.60 108.21
Operating Transfers In 7,185,860- 5,021,135.35- 2,107,874.85- 7,129,010.20- 56,849.80- 99.21
Total Available Resources 13,123,442- 10,041,722.43- 2,944,282.81- 12,986,005.24- 137,436.76- 98.95
ARRA-Comm Putting Prev. to Wk 113,396 113,396.77 113,396.77 .77- 100.00
Parks FIL 264,535 199,809.17 7,875.00 207,684.17 56,850.83 78.51
Regional Trails/KC Levy 1,005,184 128,612.33 95,298.10 223,910.43 781,273.57 22.28
Boat Launch Fees 40,167 6,248.27 2,853.77 9,102.04 31,064.96 22.66
Wilson Playfields Turf Replace 1,772,801 4,000.00 1,768,800.99 1,772,800.99 .01 100.00
Lake Fenwick 143,137 143,136.86 143,136.86 .14 100.00
Paths and Trails 145,245 86,040.04 2,180.21 88,220.25 57,024.75 60.74
Adopt-a-Park Program 537,611 470,892.32 22,742.50 493,634.82 43,976.18 91.82
Street Tree Replacements 127,677 107,070.77 107,070.77 20,606.23 83.86
Rental Houses Demolition 189,636 169,553.75 169,553.75 20,082.25 89.41
Big Blue Mobile Computer Lab 45,000 13,044.22 13,044.22 31,955.78 28.99
Light Pole Replacement 545,592 444,581.46 46,805.53 491,386.99 54,205.01 90.06
Eagle Scout Projects 238,851 210,466.27 23,273.01 233,739.28 5,111.72 97.86
Multi-use Ballfields/KSD 70,000 22,946.46 22,946.46 47,053.54 32.78
Earthworks Stairs 226,697 226,697.45 226,697.45 .45- 100.00
Park Lifecycle Program 1,583,728 856,681.56 261,800.39 1,118,481.95 465,246.05 70.62
Event Center Lifecycle 2,100,000 1,800,000.00 1,800,000.00 300,000.00 85.71
Kent Loop Trail 120,000 58,335.02 44,644.77 102,979.79 17,020.21 85.82
Urban Forestry Plan 467,758 355,273.19 74,489.57 429,762.76 37,995.24 91.88
Community Parks Reinv. Program 225,010 225,010.00
Parks Land Acquisition 2,876,041 1,859,270.16 378,889.48 2,238,159.64 637,881.36 77.82
Senior Center Memorial Gift 103,749 103,749.00
Green Tree Park Renovation 142,721 141,899.04 141,899.04 821.96 99.42
King County Levy 2014-2019 38,906 38,906.00
Urban Forestry-Other 506.42 506.42 506.42-
Total Expenditures 13,123,442 7,276,056.07 2,872,058.78 10,148,114.85 2,975,327.15 77.33
Ending Balance 2 765 666.36- 72 224.03- 2 837 890.39-
97
R55JCO21 City of Kent 1/13/2015 15:58:32
Fiscal Year: 14 Period: 11 Other Capital Projects Fund Page - 1
Budget Prior Years Fiscal YTD Prj to Date Variance %
Intergovernmental 78,600,000- 63,575,208.71- 63,575,208.71- 15,024,791.29- 80.88
Miscellaneous Revenues 180,302.57- 162.59- 180,465.16- 180,465.16
Non Revenues 10,242,533.86- 547,704.02- 10,790,237.88- 10,790,237.88
Other Financing Sources 28,518,911- 27,978,591.31- 8,671,070.00- 36,649,661.31- 8,130,750.00 128.51
Operating Transfers In 7,095,463- 7,142,714.46- 7,142,714.46- 47,251.46 100.67
Total Available Resources 114,214,374- 109,119,350.91- 9,218,936.61- 118,338,287.52- 4,123,913.21 103.61
Event Center 85,695,463 80,418,749.92 80,418,749.92 5,276,713.08 93.84
Kent City Center Garage 138,591 138,591.31 44.64 138,635.95 44.64- 100.03
LTGO Bonds 2008 17,000,000 16,982,786.34 16,982,786.34 17,213.66 99.90
LTGO Refunding 2012A&B 11,380,320 11,380,320.45 11,380,320.45 .45- 100.00
LTGO Refunding 2014 9,216,147.57 9,216,147.57 9,216,147.57-
Total Expenditures 114,214,374 108,920,448.02 9,216,192.21 118,136,640.23 3,922,265.92- 103.43
Ending Balance 198 902.89- 2 744.40- 201 647.29-
98
R55JCO21 City of Kent 1/13/2015 15:58:53
Fiscal Year: 14 Period: 11 Technology Capital Projects Page - 1
Budget Prior Years Fiscal YTD Prj to Date Variance %
Miscellaneous Revenues 1,283- 1,283.42- 1,283.42- .42 100.03
Operating Transfers In 12,909,761- 10,357,712.59- 1,276,230.84- 11,633,943.43- 1,275,817.57- 90.12
Total Available Resources 12,911,044- 10,358,996.01- 1,276,230.84- 11,635,226.85- 1,275,817.15- 90.12
Software Lifecycle Replacement 321,605 321,605.07 321,605.07 .07- 100.00
Wireless Pilot 25,802 25,602.18 25,602.18 199.82 99.23
Building Wiring 90,829 90,000.00 90,000.00 829.00 99.09
Streaming Video 18,148 18,000.00 18,000.00 148.00 99.18
Kent Station Hot Zone 51,954 50,000.00 50,000.00 1,954.00 96.24
Hardware Lifecycle Replacemnts 3,557,473 2,602,849.22 34,674.73 2,637,523.95 919,949.05 74.14
Content Management System 300,000 296,869.22 296,869.22 3,130.78 98.96
IT Systems 2,170,651 2,183,008.46 12,357.12- 2,170,651.34 .34- 100.00
IT Tech Services 2,182,806 2,182,806.60 2,182,806.60 .60- 100.00
IT Multi Media 27,339 27,338.64 27,338.64 .36 100.00
Long Term Lifecycle Replacemts 1,177,143 719,700.00 719,700.00 457,443.00 61.14
RAIN 10,645 8,062.50 8,062.50 2,582.50 75.74
ALPR 98,505 25,590.15 25,590.15 72,914.85 25.98
Scanning System 569,350 569,350.00
Desktop Virtual Machine/DVM 65,000 60,865.19 60,865.19 4,134.81 93.64
Desktop/PC 280,000 269,006.25 654.75 269,661.00 10,339.00 96.31
Laptop 55,000 53,270.79 53,270.79 1,729.21 96.86
Monitors 52,000 35,585.32 6,073.21 41,658.53 10,341.47 80.11
Blades/Servers 105,500 29,999.12 28,356.28 58,355.40 47,144.60 55.31
Station 74 Power 194,700 158,999.63 11,644.90 170,644.53 24,055.47 87.64
North-South Fiber Run 20,000 20,000.00
Conn Community-City of Kent 6,000 3,570.00 3,570.00 2,430.00 59.50
System Services 76,388 67,565.11 67,565.11 8,822.89 88.45
Tech Services-Security 51,450 51,450.00
Storage- Enterprise 429,050 50,043.47 88,845.75 138,889.22 290,160.78 32.37
CH Service Center Renovation 202,000 78,335.13 78,335.13 123,664.87 38.78
Telephony 489,200 429,762.10 53,981.02 483,743.12 5,456.88 98.88
Multimedia-Chamber-Audio 57,206 57,206.00
Chamber-Video/Editing 114,820 114,820.00
Chamber-Broadcasting 60,150 60,150.00
Chamber- Projection 50,330 50,330.00
Total Expenditures 12,911,044 9,630,375.60 369,932.07 10,000,307.67 2,910,736.33 77.46
Ending Balance 728 620.41- 906 298.77- 1 634 919.18-
99
R55JCO21 City of Kent 1/13/2015 15:59:17
Fiscal Year: 14 Period: 11 Facilities Capital Projects Page - 1
Budget Prior Years Fiscal YTD Prj to Date Variance %
Intergovernmental 1,167,658- 1,167,658.01- 1,167,658.01- .01 100.00
Operating Transfers In 7,710,264- 7,710,264.00- 7,710,264.00- 100.00
Total Available Resources 8,877,922- 8,877,922.01- 8,877,922.01- .01 100.00
CKCF Improvements 1,167,658 85,473.43 85,473.43 1,082,184.57 7.32
Aukeen Court Expansion 7,635,264 7,601,437.71 20,599.33 7,622,037.04 13,226.96 99.83
Security Camera Software Upgrd 40,000 40,000.00
Parks Maintenance Renovation 35,000 465.00 26,332.02 26,797.02 8,202.98 76.56
Total Expenditures 8,877,922 7,687,376.14 46,931.35 7,734,307.49 1,143,614.51 87.12
Ending Balance 1 190 545.87- 46 931.35 1 143 614.52-
100
R55JCO21 City of Kent 1/13/2015 15:59:39
Fiscal Year: 14 Period: 11 Water Fund Page - 1
Projects Only
Budget Prior Years Fiscal YTD Prj to Date Variance %
Beginning Fund Balance 193,927- 193,926.30- 193,926.30- .70- 100.00
Intergovernmental 520,271- 520,270.76- 520,270.76- .24- 100.00
Charges for Services 1,764- 3,850.22- 3,850.22- 2,086.22 218.27
Miscellaneous Revenues 771,649- 2,905,536.30- 9,029.58- 2,914,565.88- 2,142,917.24 377.71
Non Revenues 41,261,924- 41,261,923.45- 41,261,923.45- .08- 100.00
Other Financing Sources 2,500,903.04- 2,500,903.04- 2,500,903.04
Operating Transfers In 35,473,790- 32,473,790.47- 3,000,000.83- 35,473,791.30- 1.30 100.00
Total Available Resources 78,223,324- 79,860,200.54- 3,009,030.41- 82,869,230.95- 4,645,906.78 105.94
Seismic Vulnerability Assess 752,158 742,544.80 742,544.80 9,613.20 98.72
Water Unallocated Projects 3,389,577 3,389,577.00
Jenkins Creek Bridge 50,000 50,000.00
Rock Creek Mitigation Projects 935,000 212,616.29 58,055.38 270,671.67 664,328.33 28.95
Guiberson Reservoir Repair 3,784,997 179,523.77 484.13 180,007.90 3,604,989.10 4.76
Tacoma Intertie 45,152,355 41,402,272.76 5,584,228.26 46,986,501.02 1,834,146.38- 104.06
Transmission Easements 102,534 5,572.55 5,572.55 96,961.45 5.43
Seismic System Controls 78,783 78,783.00
Corrosion Control 2,740,623 2,740,625.65 2,740,625.65 2.65- 100.00
Pump Station#3 Replacement 2,008,534 108,751.41 108,751.41 1,899,782.59 5.41
Kent Springs Source Upgrade 627,779 319,284.46 319,284.46 308,494.07 50.86
Kent Springs Trans Main Repair 506,528 8,601.49 94.52 8,696.01 497,831.99 1.72
277th Transmission Main 50,000 50,000.00
Misc Water Improvements 5,640,752 5,070,159.02 177,984.32 5,248,143.34 392,608.66 93.04
Additional Water Source Dev 1,470,476 1,056,022.10 1,056,022.10 414,453.90 71.81
Well Head Protection 779,627 179,657.18 518,456.42 698,113.60 81,513.40 89.54
Security Improvement per VA 92,362 17,730.21 7,299.61 25,029.82 67,332.18 27.10
East Hill Pressure Zone 4,703,686 1,493,649.18 454,777.25 1,948,426.43 2,755,259.57 41.42
West Hill Reservoir 50,000 50,000.00
Reservoir Recoding/Scope 200,000 200,000.00
East Hill Well Generator 628,850 625,413.17 7,177.83 632,591.00 3,741.00- 100.59
Landsburg Mine 675,016 333,602.16 10,526.85 344,129.01 330,886.99 50.98
Clark Springs HCP 237,722 221,235.25 258.84 221,494.09 16,227.91 93.17
Hydrant Replacement 2005 128,304 53,304.12 73,499.38 126,803.50 1,500.50 98.83
Large Meter/Vault Replace 2008 256,886 156,886.05 46,188.41 203,074.46 53,811.54 79.05
BNSF Grade Separation 782,124 777,124.00 777,124.00 5,000.00 99.36
256thlmps(KentKangley-116th) 300,000 58,561.60 188,791.29 247,352.89 52,647.11 82.45
LID 353 224th-228th Corridor 155,901 155,900.56 155,900.56 .44 100.00
East Hill Operations Center 1,467,413 1,467,572.24 1,467,572.24 159.24- 100.01
Lower East Hill Improvements 475,338 475,510.59 475,510.59 172.59- 100.04
Total Expenditures 78,223,324 57,862,120.61 7,127,822.49 64,989,943.10 13,233,381.07 83.08
Ending Balance 21 998 079.93- 411879208 17 879 287.85-
101
R55JCO21 City of Kent 1/13/2015 16:00:02
Fiscal Year: 14 Period: 11 Sewerage Fund Page - 1
Projects Only
Budget Prior Years Fiscal YTD Prj to Date Variance %
Intergovernmental 40,424,037- 18,466,757.84- 3,595,615.40- 22,062,373.24- 18,361,663.76- 54.58
Charges for Services 6,268.96- 159.81- 6,428.77- 6,428.77
Miscellaneous Revenues 727,975- 808,353.25- 52,095.49- 860,448.74- 132,473.74 118.20
Non Revenues 12,262,268- 12,262,267.80- 12,262,267.80- .20- 100.00
Other Financing Sources 1,500,000- 1,500,000.00- 1,500,000.00- 100.00
Operating Transfers In 52,574,544- 46,366,128.71- 6,208,417.00- 52,574,545.71- 1.71 100.00
Total Available Resources 107,488,824- 79,409,776.56- 9,856,287.70- 89,266,064.26- 18,222,759.74- 83.05
NPDES Permit 3,547,335 2,864,869.50 130,359.13 2,995,228.63 552,106.37 84.44
Low Imp Dev, Porous Concrete 120,000 63,654.82 63,654.82 56,345.18 53.05
2013 NPDES Capacity Grant 50,000 2,155.20 2,155.20 47,844.80 4.31
Tobacco Debris 2,000 2,000.00
2009 Revenue Bonds 82,361 82,365.35 82,365.35 4.35- 100.01
Drainage Unallocated Projects 2,166,615 2,166,615.00
Misc Environmental Projects 967,109 751,446.77 7,372.49 758,819.26 208,289.74 78.46
Meridian Valley Creek 392,681 392,726.44 392,726.44 45.44- 100.01
Hawley Road Levee 2,130,000 1,655,940.07 379,861.69 2,035,801.76 94,198.24 95.58
Citywide Stm Pipe/Culvert Mtc 3,954,818 3,957,226.20 1,028.96 3,958,255.16 3,437.16- 100.09
S 228th Bypass/64th Ave Impv 7,450,000 6,318,023.89 1,275,199.40 7,593,223.29 143,223.29- 101.92
Mill Ck/James St. Pump Station 5,647,129 4,392,628.05 135,544.97 4,528,173.02 1,118,955.98 80.19
Upper Mill Creek Dam 3,035,000 399,962.00 89,262.83 489,224.83 2,545,775.17 16.12
GRNRA Pump Station 1,000,000 199,390.69 199,390.69 800,609.31 19.94
Scenic Hill Drainage Impts 50,000 50,000.00
Johnson Creek 700,000 593,417.28 332.60 593,749.88 106,250.12 84.82
Earthworks Overlays 1,180,459 1,181,100.80 1,181,100.80 641.80- 100.05
Lake Fenwick Restoration 2009 21,705 22,936.18 22,936.18 1,231.18- 105.67
256th Flume 439,797 439,796.93 439,796.93 .07 100.00
Lake Meridian Outlet 2,718,065 2,746,326.72 851.37 2,747,178.09 29,113.09- 101.07
Upper Meridian Valley Creek 80,594 80,593.68 80,593.68 .32 100.00
81stAv So Storm Drainage Impr 150,000 129,958.12 129,958.12 20,041.88 86.64
Surface Water Manual 87,955 87,954.67 87,954.67 .33 100.00
Mill Creek@ James-Fld Protect 600,000 469,654.38 1,002.07 470,656.45 129,343.55 78.44
Riverview Park 2,390,000 2,275,831.63 54,146.58 2,329,978.21 60,021.79 97.49
Downey Farmstead 550,000 487,370.70 37,100.40 524,471.10 25,528.90 95.36
Bauer Property 445,541 149,914.94 98,612.34 248,527.28 197,013.72 55.78
Mill Crk @ 76th Av-Fld Protect 300,000 30,721.29 275.92 30,997.21 269,002.79 10.33
Horseshoe/Milwaukee Levee Impr 14,129,417 12,979,729.79 296,668.69 13,276,398.48 853,018.52 93.96
Upper Russell Road Levee Impr. 6,140,349 2,296,510.29 569,135.18 2,865,645.47 3,274,703.53 46.67
Lower Russell Rd Levee-S231st 1,850,000 1,052,953.31 421,102.00 1,474,055.31 375,944.69 79.68
Lowest Russell Rd-Van Dorens 790,000 196,860.12 50,593.01 247,453.13 542,546.87 31.32
Boeing Levee Improvements 4,190,000 3,585,083.51 174,716.45 3,759,799.96 430,200.04 89.73
Briscoe Levee Improvements 12,940,000 1,999,913.82 6,561,026.93 8,560,940.75 4,379,059.25 66.16
Desimone Levee Improvements 6,900,000 596,418.94 551,227.81 1,147,646.75 5,752,353.25 16.63
102
R55JCO21 City of Kent 1/13/2015 16:00:02
Fiscal Year: 14 Period: 11 Sewerage Fund Page - 2
Projects Only
Budget Prior Years Fiscal YTD Prj to Date Variance %
Green River Sandbag Removal 32,410 777,079.87 3,384.02 780,463.89 748,053.89- ********
County Road 8 500,000 12,855.52 48,506.12 61,361.64 438,638.36 12.27
Valley Channel Rehabilitation 500,000 121,452.56 121,452.56 378,547.44 24.29
Misc Drainage 2008 2,217,528 1,672,975.00 40,797.35 1,713,772.35 503,755.65 77.28
Drainage Infractructure Improv 473,379 463,248.62 463,248.62 10,130.38 97.86
Downtown ITS Improvements 158,406 158,406.09 158,406.09 .09- 100.00
BNSF Grade Separation 993,000 434,964.00 434,964.00 558,036.00 43.80
256thlmps(KentKangley-116th) 800,000 211,821.35 420,496.99 632,318.34 167,681.66 79.04
224th-228th Corridor 2,004,580 1,516,197.43 28,265.25 1,544,462.68 460,117.32 77.05
East Hill Operations Center 1,465,385 1,465,385.07 1,465,385.07 .07- 100.00
Lower East Hill Improvements 33,072 33,400.54 33,400.54 328.54- 100.99
Sanitary Sewer Master Plan 300,000 298,055.13 681.10 298,736.23 1,263.77 99.58
Unallocated Sewer Projects 130,958 111,247.11 111,247.11 19,710.89 84.95
Kentview Sewer Interceptor 1,175,044 274,130.53 546,660.29 820,790.82 354,253.18 69.85
Skyline Sewer Interceptor 20,000 10,600.31 15,608.64 26,208.95 6,208.95- 131.04
Linda Heights Pump Station 150,000 59,940.49 636.96 60,577.45 89,422.55 40.38
Misc Pump Station Replacements 100,000 100,000.00
Derbyshire 50,000 50,000.00
Misc Sewer 2007 6,367,710 5,992,392.41 9,831.27 6,002,223.68 365,486.32 94.26
256thlmps(KentKangley-116th) 100,000 8,173.08- 69,954.46 61,781.38 38,218.62 61.78
224th-228th Corridor 136,400 136,400.07 136,400.07 .07- 100.00
East Hill Operations Center 1,465,386 1,465,385.00 1,465,385.00 1.00 100.00
Lower East Hill Improvements 1,116,636 1,116,978.22 1,116,978.22 342.22- 100.03
Total Expenditures 107,488,824 68,421,525.05 12,406,896.54 80,828,421.59 26,660,402.41 75.20
Ending Balance 10 988 251.51- 255060884 8 437 642.67-