HomeMy WebLinkAbout3537ORDINANCE NO. 35.37
AN ORDINANCE of the City Council of the City
of Kent, Washington, relating to budgets and finance and
adopting the final 2001 fiscal year budget.
WHEREAS, the tax estimates and budget for the City of Kent, Washington,
for the 2001 fiscal year have been prepared and filed as provided by law, and the budget has
been printed and distributed, and notice has been published in the official paper of the City
of Kent setting the time and place for hearing, and that notice stated that all taxpayers
calling at the Office of the City Clerk would be furnished a copy of the 2001 budget;
NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON,
HEREBY ORDAIN AS FOLLOWS:
SECTION 1. Budget Adoption. Pursuant to RCW 35A.33.075, the
for the 2001 fiscal year, as summarized in Exhibit "A" and as set forth in the 2001
Preliminary Comprehensive Budget, which is amended by Exhibit `B," all of which are
incorporated in this ordinance by this reference as if fully set forth herein, is hereby adopted
in the amounts and for the purposes established in that budget as the final budget for the
City's 2001 fiscal year.
SECTION2. Transmittal. The Finance Director shall transmit a
copy of the final adopted budget to the Division of Municipal Corporations in the
of the State Auditor and to the Association of Washington Cities.
2001 Budget
SECTION 3. Adjustments. City Administration shall administer the
Annual Budget and in doing so may authorize adjustments pursuant to RCW 35A.33.120.
SECTION 4. - Severability. If any one or more sections, 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.
SECTION S. - Effective Date. This Ordinance shall take effect and be in
force five (5) days from and after the date of passage and publication as ovided by law.
r
JIM HITE, MAYOR
ATTEST:
Q�
BRENDA JACOBE , CITY CLERK
APPROVED AS TO FORM:
RO R A. L-bBOVICH, CITY ATTORNEY
2001 Budget
PASSED:
is day of
'2000.
APPROVED:
day of
��✓
12000.
PUBLISHED: /S day of �� ��'� 12000.
I hereby certify that this is a true copy of Ordinance No. ?53 7 , passed
by the City Council of the City of Kent, Washington, and approved by the Mayor of the
City of Kent as hereon indicated.
3 2001 Budget
2001 Budget Ordinance
Exhibit A
Inc (Dec)
Beginning
Ending
in Fund
Fund
Fund
Revenues
Expenditures
Balance
Balance
Balance
GOVERNMENTAL FUNDS
GENERAL FUND
58,233,048
61,964,773
(3,731,725)
9,932,633
6,200,908
SPECIAL REVENUE FUNDS
Street
4,498,206
5,784,687
(1,286,481)
1,363,100
76,619
Lodging Tax Fund
152,172
140,000
12,172
18,414
30,586
Youth/Teen Programs
634,428
745,261
(110,833)
241,756
130,923
Capital Improvement
8,451,012
8,865,573
(414,561)
2,595,343
2,180,782
Criminal Justice
2,524,101
3,383,840
(859,739)
1,371,043
511,304
Environmental Mitigation
466,753
461,119
5,634
386,496
392,130
Community Block Grant
550,114
550,114
Other Operating Projects
654,217
684,217
(30,000)
39,053
9,053
DEBT SERVICE FUNDS
Voted
1,725,000
1,789,253
(64,253)
115,341
51,088
Councilmanic
6,118,894
6,118,779
115
137
252
Special Assessment
4,149,571
3,838,221
311,350
3,022,775
3,334,125
CAPITAL PROJECTS FUNDS
Street Projects
4,271,173
4,271,173
Parks Projects
1,834,095
1,834,095
158,422
158,422
Other Projects
265,000
1,022,701
(757,701)
757,701
PROPRIETARY FUNDS
ENTERPRISE FUNDS
Water
8,586,745
8,490,284
96,461
1,966,000
2,062,461
Sewerage
22,188,794
24,686,990
(2,498,196)
4,349,189
1,850,993
Golf Complex
2,548,000
2,392,689
155,311
98,838
254,149
INTERNAL SERVICE FUNDS
Equipment Rental
2,601,514
2,169,265
432,249
2,698,490
3,130,739
Central Services
5,837,860
5,985,519
(147,659)
211,916
64,257
Fire Equipment
343,281
500,000
(156,719)
476,165
319,446
Facilities Fund
5,312,135
5,200,357
111,778
114,739
226,517
Insurance
8,295,238
8,219,645
75,593
2,636,589
2,712,182
FIDUCIARY FUNDS
TRUST AND AGENCY FUNDS
Firemen's Pension
280,117
254,936
25,181
3,385,201
3,410,382
Economic Development Corp
11,475
6,171
5,304
36,189
41,493
TOTAL GROSS BUDGET
150,532,943
159,359,662
(8,826,719)
35,975,530
27,148,811
LESS:
Internal Service Funds
18,744,333
18,744,333
Other Transfers
17,305,327
17,305,327
TOTAL BUDGET
114,483,283
123,310,002
(8,826,719)
35,975,530
27,148,811
CITY OF KENT, WASHINGTON
2001 Budget Ordinance
Exhibit B
GOVERNMENTALFUNDS
GENERALFUND
* Reduce property tax to 2.0% IPD
* Offsetting salary savings
Total General Fund
SPECIAL REVENUE FUNDS
Street
* Technical adjustment
* Revise Engineering remodel allocation
* Add back street capital projects
Add Traffic Light study
Total Street Fund
Lodging Tax Fund
Youth/Teen Programs
Inc (Dec) Beginning Ending
in Fund Fund Fund
Revenues Expenditures Balance Balance Balance
58,348,513
62,080,238
(3,731,725)
9,932,633
6,200,908
(115,465)
' Adjust Clarke Lake - Intertie debt service
(115,465)
(93,000)
(115,465)
(115,465)
115,465
8,451,012
115,465
58,233,048
61,964,773
(3,731,725)
9,932,633
6,200,908
4,498,206
4,558,937
(60,731)
1,313,100
1,252,369
466,753
461,119
5,634
50,000
50,000
Community Block Grant
(24,250)
24,250
24,250
1,100,000
(1,100,000)
534,217
(1,100,000)
39,053
150,000
(150,000)
150,000
(150,000)
4,498,206
5,784,687
(1,286,481)
1,363,100
76,619
152,172
140,000
12,172
18,414
30,586
634,428
745,261
(110,833)
241,756
130,923
Capital Improvement Fund
8,451,012
8,958,573
(507,561)
2,595,343
2,087,782
' Adjust Clarke Lake - Intertie debt service
(93,000)
93,000
93,000
Total Capital Improvement Fund
8,451,012
8,865,573
(414,561)
2,595,343
2,180,782
Criminal Justice
2,524,101
3,383,840
(859,739)
1,371,043
511,304
Environmental Mitigation
466,753
461,119
5,634
386,496
392,130
Community Block Grant
550,114
550,114
Other Operating Projects
504,217
534,217
(30,000)
39,053
9,053
' Add Traffic Light study
150,000
150,000
Total Other Operating Projects
654,217
684,217
(30,000)
39,053
9,053
DEBT SERVICE FUNDS
Voted
Councilmanic
* Reclassify Clark Lake debt service
Total Councilmanic Debt
Special Assessment
CAPITAL PROJECTS FUNDS
Street Projects
' Add back street projects
Total Street Fund
1,725,000 1,789,253 (64,253) 115,341 51,088
5,845,894 5,845,779 115 137 252
273,000 273,000
6,118,894 6,118,779 115 137 252
4,149,571 3,838,221 311,350 3,022,775 3,334,125
3,171,173 3,171,173
1,100,000 1,100,000
4,271,173 4,271,173
Parks Projects 2,200,095 2,200,095 158,422 158,422
* Adjust Clarke Lake debt service (93,000) (93,000)
Reclassify Clark Lake to debt service (273,000) (273,000)
Total Parks Projects 1,834,095 1,834,095 158,422 158,422
CITY OF KENT, WASHINGTON
2001 Budget Ordinance
Exhibit B
Inc (Dec) Beginning Ending
in Fund Fund Fund
Revenues Expenditures Balance Balance Balance
Other Projects 265,000 1,022,701 (757,701) 757,701
PROPRIETARY FUNDS
ENTERPRISE FUNDS
Firemen's Pension
280,117
254,936 25,181 3,385,201 3,410,382
Water
8,586,745
8,117,534
469,211
4,223,276
4,692,487
* Revise Engineering remodel allocation
(24,250)
24,250
18,744,333
24,250
* Add back Water projects
17,305,327
397,000
(397,000)
(397,000)
* Revise estimated project beginning balance
(2,257,276)
(2,257,276)
Total Water Fund
8,586,745
8,490,284
96,461
1,966,000
2,062,461
Sewerage
22,054,331
21,458,027
596,304
4,349,189
4,945,493
* Pass through Metro Rate Increase
134,463
134,463
* Revise Engineering remodel allocation
48,500
(48,500)
(48,500)
* Add back Sewerage projects
3,046,000
(3,046,000)
(3,046,000)
Total Sewerage Fund
22,188,794
24,686,990
(2,498,196)
4,349,189
1,850,993
Golf Complex
2,548,000
2,392,689
155,311
98,838
254,149
INTERNAL SERVICE FUNDS
Equipment Rental
2,601,514
2,169,265
432,249
2,698,490
3,130,739
Central Services
5,837,860
5,985,519
(147,659)
211,916
64,257
Fire Equipment
343,281
603,000
(259,719)
798,944
539,225
* Adjust estimated beginning balance
(322,779)
(322,779)
* Adjust repairs budget
(103,000)
103,000
103,000
Total Fire Equipment
343,281
500,000
(156,719)
476,165
319,446
Facilities Fund
5,312,135
5,200,357
111,778
114,739
226,517
Insurance
8,295,238
8,219,645
75,593
2,636,589
2,712,182
FIDUCIARY FUNDS
TRUST AND AGENCY FUNDS
Firemen's Pension
280,117
254,936 25,181 3,385,201 3,410,382
Economic Development Corp
11,475
6,171 5,304 36,189 41,493
TOTAL GROSS BUDGET
150,532,943
159,359,662 (8,826,719) 35,975,530 27,148,811
LESS:
Internal Service Funds
18,744,333
18,744,333
Other Transfers
17,305,327
17,305,327
TOTAL BUDGET 114,483,283 123,310,002 (8,826,719) 35,975,530 27,148,811
City of Kent
PROPERTY TAX RATES @ 2.0%
PROPERTY TAX ON A $200,000 HOME
$680
$660
TOTAL
CITY TAX $640
LEVY $620
$600
$580
1997 1998 1999 2000 2001
YEAR
* 2001 rates are based on King County's uncertified assessed valuation information
These numbers include an estimated increase in the valuation of state assessed public utilities
of $19,019,900, consistent with the overall valuation increase.
1997 1998 1999 2000 2001
General Fund Levy Rate
2.992
2.994
2.927
2.921
2.778
Voted Issues Levy Rate
0.382
0.361
0.312
0.283
0.238
Total Levy Rate
3.374
3.355
3.239
3.204
3.016
Annual City of Kent tax levy on a $200,000 home (1)
674.80
671.00
647.80
640.80
603.18
Monthly average tax on a $200,000 home
56.23
55.92
53.98
53.40
50.27
(1) Amounts are based on constant dollars & do not include King County Assessed value increases
PROPERTY TAX - BUDGET ESTIMATES
Assumes Implicit Price Deflator is applied to last year's actual levy, assessed valuation
overall increases by 7.89% per King County preliminary estimates. Before any adjustments
required by Initiative 722.
Implicit Price Deflator is : 2.61% Based on
CPI used for labor contracts 3.90% 2.0% as
in 1-722
Regular levy Increase :
2000 Regular Levy was:
2001 Proposed Regular Levy Increase in dollars
Increase as a percentage
Plus estimated effects of new construction, improvements
and increases in the value of state assessed property
Plus annexation levy
Other adjustments
Total regular tax levy
Change from Preliminary Budget
(115,465)
18, 897, 553
377,951
2.00%
477,188
32,379
34,856
19,819,927
Levy for Voted Debt Obligations: 1,700,000
Total Levy request 21,519,927
Levy Rates : 2000
2.0%
General Fund Levy Rate 2.9210 2.7779
Voted Issues Levy Rate 0.2830 0.2383
Total Levy Rate 3.2040 3.0161
Prop Tax Options.xls 12/06/2000