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HomeMy WebLinkAboutCity Council Committees - Operations Committee - 05/07/2019 (2) Unless otherwise noted, the Operations Committee meets at 4 p.m. on the first and third Tuesday of each month in Kent City Hall, Council Chambers East, 220 Fourth Avenue South, Kent, WA 98032. For additional information please contact Cathie Everett at 253-856-5705, or via email at CEverett@KentWA.gov. Any person requiring a disability accommodation should contact the City Clerk’s Office at 253-856-5725 in advance. For TDD relay service call Washington Telecommunications Relay Service at 7-1-1. Operations Committee Agenda Chair - Les Thomas Bill Boyce– Dennis Higgins Tuesday, May 7, 2019 4:00 p.m. Item Description Action Speaker Time 1. Call to Order Chair 01 MIN. 2. Roll Call Chair 01 MIN. 3. Changes to the Agenda Chair 01 MIN. 4. Approval of April 2, 2019 Minutes YES Chair 05 MIN. 5. Approval of Check Summary Reports Dated 3/16/19-3/31/19 and 4/1/19-4/15/19 YES Chair 05 MIN. 6. Ordinance Clarifying the Mayor's Authority to Accept Development Dedications YES Assistant City Attorney Adam Long 10 MIN. 7. First Quarter Supplemental Budget Ordinance YES Interim Finance Director Barbara Lopez 05 MIN. 8. March Financial Report NO Interim Finance Director Barbara Lopze 05 MIN. 9. Utility Lifeline Audit Update NO Interim Finance Director Barbara Lopez and Customer Service Manager Patty Roseto 10 MIN. 10. Adjournment Chair 01 MIN. Page 1 of 4 Pending Approval Operations Committee CC Ops Regular Meeting Minutes April 2, 2019 Date: April 2, 2019 Time: 4:00 p.m. Place: Chambers Attending: Les Thomas, Committee Chair Bill Boyce, Councilmember Dennis Higgins, Councilmember Agenda: 1. Call to Order 4:02 p.m. 2. Roll Call Attendee Name Title Status Arrived Les Thomas Committee Chair Present Bill Boyce Councilmember Present Dennis Higgins Councilmember Present 3. Changes to the Agenda 4. Approval of Minutes dated February 19, 2019 MOTION: Move to approve the Minutes dated February 19, 2019 RESULT: APPROVED [UNANIMOUS] MOVER: Dennis Higgins, Councilmember SECONDER: Bill Boyce, Councilmember AYES: Thomas, Boyce, Higgins 5. Approval of Minutes dated March 19, 2019 MOTION: Move to approve the Minutes dated March 19, 2019 RESULT: APPROVED [UNANIMOUS] MOVER: Dennis Higgins, Councilmember SECONDER: Bill Boyce, Councilmember AYES: Thomas, Boyce, Higgins 6. Approval of Check Summary Report Dated 3/1/19-3/15/19 MOTION: Move to approve check summary report dated 3/1/19 through 3/15/19. 4 Packet Pg. 2 Mi n u t e s A c c e p t a n c e : M i n u t e s o f A p r 2 , 2 0 1 9 4 : 0 0 P M ( O P E N S E S S I O N ) Operations Committee CC Ops Regular Meeting Minutes April 2, 2019 Kent, Washington Page 2 of 4 RESULT: APPROVED [UNANIMOUS] MOVER: Bill Boyce, Councilmember SECONDER: Dennis Higgins, Councilmember AYES: Thomas, Boyce, Higgins 7. Public Communications of Election Matters - Resolution Deputy City Attorney Tammy White presented a request to recommend Council adopt a resolution replacing Resolution No. 1600, the City's policy concerning taping and airing of candidate statements and forum discussions of candidates running for local office, to account for new technology and to provide that all communication methods used by the City in its day-to-day operations are also available to communicate objective facts in a fair manner to Kent residents concerning local ballot measures. The last revision occurred in 2001. The proposed resolution includes a provision that allows staff to embrace new technology as it becomes available. MOTION: Recommend Council adopt a resolution that updates the City’s policy concerning the taping and airing of candidate statements and forum discussions of candidates running for local office to account for new technology, and to provide that all communication methods used by the City in carrying out its day-to-day business operations are also available to communicate objective facts in a fair manner to Kent residents concerning local ballot measures. RESULT: RECOMMENDED TO COUNCIL [UNANIMOUS] Next: 4/16/2019 7:00 PM MOVER: Dennis Higgins, Councilmember SECONDER: Bill Boyce, Councilmember AYES: Thomas, Boyce, Higgins 8. 2019 CDBG Annual Action Plan Senior CDBG Coordinator Dinah Wilson presented a request to recommend Council approve the Proposed Community Development Block Grant 2019 Annual Action Plan. As an Entitlement City, the City of Kent receives Community Development Block Grant (CBDG) funds from the US Department of Housing and Urban Development. To receive CDBG funding, the City is required to submit a Five-Year Consolidated Plan for Housing & Community Development, and prior to the beginning of each year of the Consolidated Plan must inform HUD and the community of the specific actions that the City will execute to implement the objectives and strategies of the Consolidated Plan. These are outlined in the 2019 Action Plan. MOTION: Move to recommend Council approve the Proposed Community Development Block Grant 2019 Annual Action Plan (including funding allocations and contingency plans), and authorize the Mayor to execute the appropriate certifications and agreements. 4 Packet Pg. 3 Mi n u t e s A c c e p t a n c e : M i n u t e s o f A p r 2 , 2 0 1 9 4 : 0 0 P M ( O P E N S E S S I O N ) Operations Committee CC Ops Regular Meeting Minutes April 2, 2019 Kent, Washington Page 3 of 4 RESULT: RECOMMENDED TO COUNCIL [UNANIMOUS] Next: 4/16/2019 7:00 PM MOVER: Bill Boyce, Councilmember SECONDER: Dennis Higgins, Councilmember AYES: Thomas, Boyce, Higgins 9. Approval of CSDC Inc./Amanda Contract IT Director Mike Carrington, Project Management Office Supervisor Brian Rambonga and Technology Innovation Manager Somen Palit presented a request to (recommend Council) authorize the Mayor to sign all necessary documents to enter into agreements with CSDC Inc. to replace the existing end-of-life Kiva system with Amanda. CSDC's Amanda solution for permitting and land management has been identified through discovery and analysis to be the solution that meets the City's business and technical requirements. This replacement is expected to cost no more than $1,679,120 and is planned and budgeted for within the IT budget. Council President Boyce acknowledged the expertise of the information technology team members working on this project. MOTION: Authorize the Mayor to sign all necessary documents to enter into agreements with CSDC Inc., to replace the existing Kiva system with Amanda, subject to final terms and conditions acceptable to the Information Technology Director and the City Attorney, for a total amount not to exceed $1,679,120.00. RESULT: RECOMMENDED TO COUNCIL [UNANIMOUS] Next: 4/16/2019 7:00 PM MOVER: Bill Boyce, Councilmember SECONDER: Dennis Higgins, Councilmember AYES: Thomas, Boyce, Higgins 10. 1711 : Carahsoft, Palo Alto Firewalls Solutions IT Director Mike Carrington, Technical Services Manager James Endicott and Project Management Office Supervisor Brian Rambonga presented information regarding a purchase made through Carahsoft for Palo Alto firewall solutions under the GSA contract previously approved by Council, in a total amount of $162,181.60, which is within the budget. Palo Alto firewalls give the City complete visibility into and precise control over our network traffic, and protects the City from unknown threats. Palo Alto has been an industry leader in enterprise cyber security solutions for seven consecutive years and IT conducted a product and vendor analysis to determine that Palo Alto provided the best solution for protecting the City's information assets. 11. Current IT Project Landscape 4 Packet Pg. 4 Mi n u t e s A c c e p t a n c e : M i n u t e s o f A p r 2 , 2 0 1 9 4 : 0 0 P M ( O P E N S E S S I O N ) Operations Committee CC Ops Regular Meeting Minutes April 2, 2019 Kent, Washington Page 4 of 4 IT Director Mike Carrington and Project Management Office Supervisor Brian Rambonga provided a first quarter IT projects update with an overview of completed projects from 2018 and a view into the five-year IT project roadmap. 12. Adjournment 4:44 p.m. Cathie Everett Committee Secretary 4 Packet Pg. 5 Mi n u t e s A c c e p t a n c e : M i n u t e s o f A p r 2 , 2 0 1 9 4 : 0 0 P M ( O P E N S E S S I O N ) OPERATIONS COMMITTEE Derek Matheson, Chief Administrative Officer 220 Fourth Ave S Kent, WA 98032 256-856-5712 DATE: May 7, 2019 TO: Operations Committee SUBJECT: Approval of Check Summary Reports Dated 3/16/19- 3/31/19 and 4/1/19-4/15/19 MOTION: Move to approve check summary reports dated March 16 through March 31, 2019 and April 1 through April 15, 2019. SUPPORTS STRATEGIC PLAN GOAL: Sustainable Services 5 Packet Pg. 6 OPERATIONS COMMITTEE Derek Matheson, Chief Administrative Officer 220 Fourth Ave S Kent, WA 98032 256-856-5712 DATE: May 7, 2019 TO: Operations Committee SUBJECT: Ordinance Clarifying the Mayor's Authority to Accept Development Dedications MOTION: Recommend council adopt an ordinance clarifying the Mayor’s authority to accept dedications of property related to development permit approvals. SUMMARY: As a condition of permit approval, the development of private property often requires the owner to build public infrastructure to ensure adequate facilities exist to accommodate growth and impacts resulting from the development. Such infrastructure generally includes new streets, sewers, watermains, stormwater facilities, and frontage improvements. Typical construction involves building curbs, gutters, and sidewalks, installing streetlights, manholes, pipes, and valves, as well as planting street trees and other landscaping. Once a project is completed, ownership of the infrastructure is generally transferred or dedicated to the City for it to control and maintain. As early as 2000, the City Council delegated authority to the Mayor to accept some types of property interests dedicated to the City as part of development approval. However, the current language of the Mayor’s authority in KCC 3.70.230(E)(3) can make it difficult to determine whether the Mayor is authorized to accept a particular infrastructure improvement. Due to the many individual parts that make up public infrastructure and the different character of each type of improvement, it can be challenging in some instances to label or characterize the legal status of the property that is to be transferred. Depending on the circumstances, infrastructure may include, or be considered, personal property, real property, a fixture, an appurtenance, or simply an improvement to real property. Under the current code language, many dedications of public infrastructure are brought before Council for acceptance through a Bill of Sale, which provides a summary of the infrastructure pieces to be transferred, as well as some boilerplate legal language effectuating the transfer. Approval of the Bills of Sale is a mostly ministerial act that requires little or no substantive review, and in order to streamline the process, it is necessary to clarify and expand the Mayor’s authority to accept the dedication of all types of property interests commonly associated with the construction of public infrastructure as part of a private development’s permit or regulatory approval. 6 Packet Pg. 7 BUDGET IMPACT: None SUPPORTS STRATEGIC PLAN GOAL: Inclusive Community, Thriving City ATTACHMENTS: 1. Ordinance - Mayor acceptance of infrastructure dedications (PDF) 6 Packet Pg. 8 1 Amend KCC 3.70.230 - Re: Dedication of Infrastructure to City ORDINANCE NO. AN ORDINANCE of the City Council of the City of Kent, Washington, amending section 3.70.230 of the Kent City Code to clarify and expand the Mayor’s authority to accept dedications to the City of all property interests commonly related to public infrastructure improvements made as part of private development permit approvals. RECITALS A. As a condition of permit approval, the development of private property often requires the owner to build public infrastructure to ensure adequate facilities exist to accommodate growth and impacts resulting from the development. B. Such public infrastructure generally includes new streets, sewers, watermains, stormwater facilities, and frontage improvements. Typical construction involves building curbs, gutters, and sidewalks, installing streetlights, manholes, pipes, and valves, as well as planting street trees and other landscaping. Once a project is completed, ownership of the infrastructure is generally transferred or dedicated to the City for it to control and maintain. 6.a Packet Pg. 9 At t a c h m e n t : O r d i n a n c e - M a y o r a c c e p t a n c e o f i n f r a s t r u c t u r e d e d i c a t i o n s ( 1 7 6 6 : O r d i n a n c e C l a r i f y i n g t h e M a y o r ' s A u t h o r i t y t o A c c e p t 2 Amend KCC 3.70.230 - Re: Dedication of Infrastructure to City C. As early as 2000, the City Council delegated authority to the Mayor to accept some types of property interests dedicated to the City as part of development approval. However, the current language of the Mayor’s authority in KCC 3.70.230(E)(3) can make it difficult to determine whether the Mayor is authorized to accept a particular infrastructure improvement. Due to the many individual parts that make up public infrastructure and the different character of each type of improvement, it can be challenging in some instances to label or characterize the legal status of the property that is to be transferred. Depending on the circumstances, infrastructure may include, or be considered, personal property, real property, a fixture, an appurtenance, or simply an improvement to real property. D. Under the current language of KCC 3.70.230, many dedications of public infrastructure must be brought before Council for acceptance, a mostly ministerial act requiring little or no substantive review. In order to streamline the process, it is necessary to clarify and expand the Mayor’s authority to accept the dedication of all types of property interests commonly associated with the construction of public infrastructure as part of a private development’s permit or regulatory approval. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: ORDINANCE SECTION 1. - Amendment. Section 3.70.230 of the Kent City Code entitled “Mayor approval,” is amended as follows: 6.a Packet Pg. 10 At t a c h m e n t : O r d i n a n c e - M a y o r a c c e p t a n c e o f i n f r a s t r u c t u r e d e d i c a t i o n s ( 1 7 6 6 : O r d i n a n c e C l a r i f y i n g t h e M a y o r ' s A u t h o r i t y t o A c c e p t 3 Amend KCC 3.70.230 - Re: Dedication of Infrastructure to City Sec. 3.70.230. Mayor approval. The mayor has signatory authority and may approve the following: A. Contracts – Over $20,000. All purchases or work valued at an amount in excess of $20,000 must be memorialized in a written contract and signed by the mayor. Any contract valued at an amount of $65,000 or less may be signed by the mayor without city council approval if funds are available within the existing budget to pay the associated contract costs. B. Change orders or contract amendments. The mayor is authorized to approve and sign change orders or contract amendments that collectively are within 20 percent or $130,000 of the original contract amount, including any applicable taxes, whichever amount is greater, if sufficient funds remain within the existing project or city budget. C. Grant acceptance, award agreements, bequests, donations, or other gifts. The mayor is authorized to approve and sign any application requesting grant funds for various city purposes if the grant application requires. The mayor may also accept any grant, bequest, donation, or other gift in the amount of $65,000 or less, and is authorized to sign all documents necessary to receive the grant, bequest, donation, or other gift. In determining the total grant, bequest, donation, or gift amount for application of this section, the cost of any matching funds and the cost of fulfilling all conditions placed on the city’s acceptance of the grant, bequest, donation, or gift must be included in the calculation. In order for the mayor to have the authority granted by this section, any matching funds required to obtain the grant, bequest, donation, or gift must be available within the existing budget. Upon the city’s receipt of the grant, bequest, donation, or other gift funds as provided in this section, the finance director is authorized to amend the budget and authorize expenditure of the funds. The finance director may then include these funds in the budget adjustment ordinance. All reimbursement requests, 6.a Packet Pg. 11 At t a c h m e n t : O r d i n a n c e - M a y o r a c c e p t a n c e o f i n f r a s t r u c t u r e d e d i c a t i o n s ( 1 7 6 6 : O r d i n a n c e C l a r i f y i n g t h e M a y o r ' s A u t h o r i t y t o A c c e p t 4 Amend KCC 3.70.230 - Re: Dedication of Infrastructure to City vouchers, reports, or certification statements are to be signed by the director or designee in accordance with KCC 3.70.220(C)(1). D. Interlocal agreements. The mayor may approve and sign any agreement between the city and another public agency, including those entered into under the Interlocal Cooperation Act, Chapter 39.34 RCW, without council approval, so long as any money that may be paid or received by the city under the terms of the agreement, or any resources dedicated by the city to the cooperative effort, does not exceed $65,000, and any payment or dedicated resource obligation under the agreement may be paid through the existing budget. E. Real property interests. The mayor is specifically authorized to do the following: 1. To acquire and convey rights-of-way and other property interests by lease or purchase when the city council has dedicated sufficient funds for the lease or purchase within the existing annual budget or project budget. 2. To enter into any lease or other agreement conveying an interest in real property where the total annual amount paid or received under the agreement, or the total annual fair market value of the real property interest conferred, is $25,000 or less. However, no authority delegated under this section shall authorize approval of a lease or other agreement conveying an interest in real property for a term greater than two years, including all options to renew, without express approval of the city council. 3. To accept land, attachments, fixtures, improvements, appurtenances, and other real or personal property interests that are dedicated to the city as a condition of a private developer’s development 6.a Packet Pg. 12 At t a c h m e n t : O r d i n a n c e - M a y o r a c c e p t a n c e o f i n f r a s t r u c t u r e d e d i c a t i o n s ( 1 7 6 6 : O r d i n a n c e C l a r i f y i n g t h e M a y o r ' s A u t h o r i t y t o A c c e p t 5 Amend KCC 3.70.230 - Re: Dedication of Infrastructure to City permit or regulatory approval, or to release the same as part of such development approval, subject to prior review and approval by the city attorney. F. Surplus. Except for real property, or utility equipment and property as provided for in RCW 35.94.040, as the same may be later amended, or property that is sold to another governmental entity that is valued over $50,000 as provided for in RCW 39.33.020, as the same may be later amended, the mayor, upon a director’s recommendation, is authorized to surplus equipment or property the mayor determines is surplus to the city’s needs, and the mayor may sell or otherwise dispose of such surplused equipment or property for fair market value or as otherwise allowed by law. G. Pass-through fee contracts. Service contracts entered into at no or a nominal cost to the city, but that result in any associated fee or charge being passed through to a party other than the city, such as an agreement with a collection company, may be approved and signed by the mayor, subject to prior review by the city attorney. H. Emergency. If an emergency exists as provided for in KCC 3.70.110(B), the mayor may sign all documents and take all actions necessary to address the emergency. If council approval would have been required by KCC 3.70.240, the city council shall be subsequently notified, but formal ratification is not required. I. Collective bargaining agreements. Unless the terms of a collective bargaining agreement provide otherwise, the mayor is authorized to sign all agreements, or subsequent amendments to those agreements, with the city’s bargaining units if the financial impact of the agreement or amendment is valued at $130,000 or less, and sufficient funds remain in the city’s budget to cover that financial impact. If the financial impact is 6.a Packet Pg. 13 At t a c h m e n t : O r d i n a n c e - M a y o r a c c e p t a n c e o f i n f r a s t r u c t u r e d e d i c a t i o n s ( 1 7 6 6 : O r d i n a n c e C l a r i f y i n g t h e M a y o r ' s A u t h o r i t y t o A c c e p t 6 Amend KCC 3.70.230 - Re: Dedication of Infrastructure to City greater than $130,000, or if sufficient funds do not exist within the budget to cover the financial impact, council authorization must first be obtained before the mayor is authorized to sign the agreement or amendment. 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 the same shall remain in full force and effect. 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 thirty days from and after its passage, as provided by law. DANA RALPH, MAYOR Date Approved ATTEST: KIMBERLEY A. KOMOTO, CITY CLERK Date Adopted Date Published APPROVED AS TO FORM: ARTHUR “PAT” FITZPATRICK, CITY ATTORNEY 6.a Packet Pg. 14 At t a c h m e n t : O r d i n a n c e - M a y o r a c c e p t a n c e o f i n f r a s t r u c t u r e d e d i c a t i o n s ( 1 7 6 6 : O r d i n a n c e C l a r i f y i n g t h e M a y o r ' s A u t h o r i t y t o A c c e p t OPERATIONS COMMITTEE Derek Matheson, Chief Administrative Officer 220 Fourth Ave S Kent, WA 98032 256-856-5712 DATE: May 7, 2019 TO: Operations Committee SUBJECT: First Quarter Supplemental Budget Ordinance MOTION: Recommend Council approve the consolidating budget adjustment ordinance for adjustments made between January 1, 2019 and March 31, 2019, reflecting an overall budget increase of $12,932,103. SUMMARY: Authorization is requested to approve the technical gross budget adjustment ordinance reflecting an overall budget increase of $12,932,103. Adjustments totaling $6,389,257 have previously been approved by Council and are summarized as follows: A total of $5,883,790 in grants:  $3,500,000 TIB Grant for work on the South 228th Street Corridor  $5,240 Criminal Justice WASPC Grant for traffic safety equipment  $2,378,550 from King County for drainage-related watershed projects, including Downey Farmstead and the Lower Russel Road Levee $285,867 in carryforward budgets for Parks that were previously authorized in 2018:  $120,500 to complete in-progress contracts for the recreation plan ($93,000) and marketing plan ($27,500).  $165,367 of remaining unspent Human Services Agencies funding, which will be awarded to qualifying agencies. Increase the Lodging Tax Fund budget by $219,600 to reflect the 2019 tourism promotion grants approved by Council on 1/15/2019. The remaining adjustments totaling $6,542,846 have not been previously approved by Council. Highlights include:  $4,573,464 for the use of previously collected Transportation Impact Fee (TIF) monies to help fund the 224th-228th (88th-94th) and LID 363-224th- 228th Corridor (EVH-88th) projects. The first $2,286,732 budgets the transfer to move the monies out of the TIF fund to the project. The 7 Packet Pg. 15 remaining $2,286,732 budgets the expense in the projects  $1,162,252 use of mitigation contributions for 196th Street-East- Mitigation, LID 363-224th-228th (EVH-88th), and the 272nd Extension (KK to 256th) projects  $765,490 for renovation of the Lake Meridian Restroom using insurance reimbursements  $38,920 for 2019 Principal & Interest payments on the City’s new Excavator lease  $2,720 true-up on the Housing & Community Development Fund’s 2019 Community Development Block Grants to match the actual amount awarded. BUDGET IMPACT: These expenditures are funded by grants, existing fund balance, or other new revenues. ATTACHMENTS: 1. Budget Adjustment Ordinance Q1 2019 Supp (PDF) 2. Q1 2019 Exhibit A & Budget Detail (PDF) 7 Packet Pg. 16 1 2019-2020 Budget Adjustment First Quarter 2019 ORDINANCE NO. AN ORDINANCE of the City Council of the City of Kent, Washington, approving the consolidating budget adjustments made between January 1, 2019 and March 31, 2019, reflecting an overall budget increase of $12,932,103. RECITALS A. Expenditures as classified in the final, adopted budget constitute the city’s appropriations for that year. After adoption, there are a variety of events that will precipitate the need to amend the adopted budget, such as grant awards, bonds issuance, collective bargaining agreements and additional budget requests coming through Council committees. These modifications are periodically consolidated into a supplemental budget adjustment ordinance amending the original adopted budget. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: ORDINANCE SECTION 1. – Budget Adjustments. The 2019-2020 biennial budget is amended to include budget fund adjustments for the first quarter of 2019 from January 1 to March 31, 2019, as summarized and set forth in Exhibit “A,” which is attached and incorporated into this ordinance. Except 7.a Packet Pg. 17 At t a c h m e n t : B u d g e t A d j u s t m e n t O r d i n a n c e Q 1 2 0 1 9 S u p p ( 1 7 6 7 : F i r s t Q u a r t e r S u p p l e m e n t a l B u d g e t O r d i n a n c e ) 2 2019-2020 Budget Adjustment First Quarter 2019 as amended by this ordinance, all terms and provisions of the 2019-2020 biennial budget Ordinance No. 4296 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 the same shall remain in full force and effect. 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 days after publication, as provided by law. DANA RALPH, MAYOR Date Approved ATTEST: KIMBERLEY A. KOMOTO, CITY CLERK Date Adopted Date Published APPROVED AS TO FORM: ARTHUR “PAT” FITZPATRICK, CITY ATTORNEY 7.a Packet Pg. 18 At t a c h m e n t : B u d g e t A d j u s t m e n t O r d i n a n c e Q 1 2 0 1 9 S u p p ( 1 7 6 7 : F i r s t Q u a r t e r S u p p l e m e n t a l B u d g e t O r d i n a n c e ) Fund Title Previously Approved Approval Requested Total Adjustment Ordinance General Fund 285,867 - 285,867 Street Fund - 2,286,732 2,286,732 Lodging Tax Fund 219,600 - 219,600 Criminal Justice Fund 5,240 - 5,240 Housing & Community Development Fund - 2,720 2,720 Non-Voted Debt Service Fund - 38,920 38,920 Street Capital Projects 3,500,000 3,448,984 6,948,984 Drainage Operating Fund 2,378,550 - 2,378,550 Insurance Funds - 765,490 765,490 Total 6,389,257 6,542,846 12,932,103 - - - Exhibit A City of Kent Budget Adjustment Ordinance Adjustments January 1, 2019 to March 31, 2019 7.b Packet Pg. 19 At t a c h m e n t : Q 1 2 0 1 9 E x h i b i t A & B u d g e t D e t a i l ( 1 7 6 7 : F i r s t Q u a r t e r S u p p l e m e n t a l B u d g e t O r d i n a n c e ) Approval Date or Other Fund Previously Approved by Council Not Previously Approved by Council Total Adjustment Ordinance General Fund Carryover Budget -Parks 2018 285,867 285,867 Total General Fund 285,867 - 285,867 Street Fund Transfer TIF monies to 224th-228th Corridor project 2,286,732 2,286,732 Total Street Fund - 2,286,732 2,286,732 Lodging Tax Fund 2019 Tourism Promotion Grant Awards 1/15/19 219,600 219,600 Total Lodging Tax Fund 219,600 - 219,600 Criminal Justice Fund Establish WASPC Grant KCC 3.70 5,240 5,240 Total Criminal Justice Fund 5,240 - 5,240 Housing & Community Development Fund 2019 CDBG True-up 2,720 2,720 Total Housing & Community Development Fund - 2,720 2,720 Non-Voted Debt Service Fund Excavator Lease 2019 Principal & Interest Payments 38,920 38,920 Total Non-Voted Debt Service Fund - 38,920 38,920 Street Capital Projects TIB Grant for South 228th Street Corridor 1/15/19 3,500,000 3,500,000 Budget for mitigation contributions received SEPA 2494 1,162,252 1,162,252 224th-228th Corridor for TIFs transferred in 2,286,732 2,286,732 Total Street Capital Projects Fund 3,500,000 3,448,984 6,948,984 Drainage Operating Fund Establish KC CWM Grant - Downy Farmstead 9/18/18 780,000 780,000 Adjust KC Grant - Watershed 12/11/18 (125,000) (125,000) KC Flood Control Grant - Lower Russell Road Levee-S231st 3/6/18 1,723,550 1,723,550 Total Drainage Operating Fund 2,378,550 - 2,378,550 Insurance Funds Lake Meridian Restrooms 765,490 765,490 Total Insurance Funds - 765,490 765,490 Grand Total All Funds 6,389,257 6,542,846 12,932,103 Budget Adjustment Detail for Budget Changes January 1, 2019 to March 31, 2019 7.b Packet Pg. 20 At t a c h m e n t : Q 1 2 0 1 9 E x h i b i t A & B u d g e t D e t a i l ( 1 7 6 7 : F i r s t Q u a r t e r S u p p l e m e n t a l B u d g e t O r d i n a n c e ) OPERATIONS COMMITTEE Derek Matheson, Chief Administrative Officer 220 Fourth Ave S Kent, WA 98032 256-856-5712 DATE: May 7, 2019 TO: Operations Committee SUBJECT: March Financial Report SUMMARY: The Finance Director will report out the March 2019 financial report. The final December 2018 financial report is provided in the packet for informational purposes only. SUPPORTS STRATEGIC PLAN GOAL: Sustainable Services ATTACHMENTS: 1. March 2019 Monthly Report (PDF) 2. December 2018 Monthly Report (PDF) 8 Packet Pg. 21 2019 Adj Budget 2019 YTD 2019 Est Actual Variance Favorable (Unfavorable) %Variance Favorable (Unfavorable) Revenues 107,690,250 19,685,152 109,887,880 2,197,630 2.0% Expenditures 108,460,677 21,982,558 108,280,610 180,067 0.2% Net Revenues Less Expenditures (770,427) (2,297,406) 1,607,270 2,377,697 Beginning Fund Balance 23,347,825 23,347,825 Ending Fund Balance 22,577,398 24,955,095 Ending Fund Balance Detail: General Fund Reserves 22,253,608 24,008,985 20.5%22.2% Restricted for Annexation 323,790 946,110 Revenue Overview Expenditures Overview Required Ending Fund Balance Calculation Estimated Expenditures for 2019 (from above)108,280,610 18.0% 18% GF Ending Fund Balance 19,490,510 March 2019 Monthly Financial Report City of Kent, Washington General Fund Overview Summary Analysis through March shows an overall positive budget variance of $2.4 million. The budgeted use of fund balance is offset by the positive budget variance of $2.4 million, creating a net surplus of $1.6m. General Fund Reserves are estimated to end the year at $24 million, or 22.2% of estimated 2019 expenditures. Revenues are estimated to end the year approximately $2.2 million (2%) higher than budgeted. Through March, all departments are remaining fairly close to budget with an overall budget variance of $180 thousand or 0.2%. 2.06 0.83 0.64 4.13 7.65 9.46 11.91 18.92 20.65 21.67 24.01 0.00 5.00 10.00 15.00 20.00 25.00 30.00 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Est. 2019 General Fund Ending Fund Balance 10-year History (excluding Annexation)$ in millions Page 1 of 14 8.a Packet Pg. 22 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) Revenue Categories 2019 Adj Budget 2019 YTD 2019 Est Actual Variance Favorable (Unfavorable) %Variance Favorable (Unfavorable) Taxes: Property 29,978,040 1,127,616 30,178,040 200,000 0.7% Sales & Use 21,770,980 6,603,329 23,427,290 1,656,310 7.6% Utility 19,596,150 5,149,955 19,287,600 (308,550) -1.6% Business & Occupation 11,500,000 43,982 11,513,220 13,220 0.1% Other 882,650 7,297 889,540 6,890 0.8% Licenses and Permits 7,082,370 1,968,448 7,386,610 304,240 4.3% Intergovernmental Revenue 6,713,830 1,760,368 6,844,080 130,250 1.9% Charges for Services 6,001,180 2,190,595 6,142,720 141,540 2.4% Fines and Forfeitures 1,113,790 309,443 1,193,630 79,840 7.2% Miscellaneous Revenue 2,135,530 524,119 2,075,150 (60,380) -2.8% Transfers In 915,730 - 950,000 34,270 3.7% Total Revenues 107,690,250 19,685,152 109,887,880 2,197,630 2.0% March 2019 Monthly Financial Report City of Kent, Washington General Fund Overview - Revenues Variance analysis for revenues is provided for particular line items or those in which the estimated actual amount differs from the budgeted amount by at least 10% or minimum of $500,000. Variance Notes Sales & Use Tax: $1.6m increase due to higher than anticipated sales tax revenues, including $434k in annexation sales tax revenue, due to a strong construction economy. 2019 Estimated General Fund Revenues Property Taxes 27% Sales Taxes 21% Utility Taxes 18% B&O Taxes 10% Other Taxes 1% Licenses and Permits 7% Intergovernmental 7% Charges for Services 6% Fines and Forfeits Misc & Transfers In 3% Other 16% Page 2 of 14 8.a Packet Pg. 23 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) Prior Year Revenues Budgeted Revenues Actual Revenues January 5,721 6,214 6,540 February 5,542 5,546 5,521 March 7,432 8,268 7,624 April 18,343 17,451 0 May 8,891 7,922 0 June 6,778 6,751 0 July 8,084 7,508 0 August 5,496 5,734 0 September 6,935 7,276 0 October 19,388 18,068 0 November 8,117 7,122 0 December 10,353 9,831 0 Total 111,081 107,690 19,685 Prior Year Revenues Budgeted Revenues Actual Revenues January 0 10 32 February 213 225 230 March 736 953 866 April 12,768 12,204 0 May 1,860 2,172 0 June 121 158 0 July 269 111 0 August 104 110 0 September 327 591 0 October 11,934 11,603 0 November 1,432 1,589 0 December 207 251 0 Total 29,971 29,978 1,128 Prior Year Revenues Budgeted Revenues Actual Revenues January 1,761 1,626 2,060 February 2,045 2,037 2,485 March 1,810 1,611 2,058 April 1,604 1,564 0 May 2,074 1,834 0 June 2,019 1,618 0 July 2,000 1,752 0 August 2,152 1,966 0 September 2,066 1,808 0 October 2,056 1,811 0 November 2,261 1,983 0 December 2,851 2,162 0 Total 24,699 21,771 6,603 March 2019 Monthly Financial Report City of Kent, Washington General Fund Revenues ($ in Thousands) All Revenues Sources Property Tax Sales Tax $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 19 Bud 18 Act 19 Act $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 19 Bud 18 Act 19 Act $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 19 Bud 18 Act 19 Act Page 3 of 14 8.a Packet Pg. 24 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) March 2019 Monthly Financial Report City of Kent, Washington General Fund Revenues ($ in Thousands) Prior Year Revenues Budgeted Revenues Actual Revenues January 1,860 2,082 1,887 February 1,771 1,748 1,583 March 1,719 1,669 1,680 April 1,737 1,840 0 May 1,602 1,542 0 June 1,447 1,419 0 July 1,647 1,739 0 August 1,482 1,482 0 September 1,560 1,681 0 October 1,427 1,479 0 November 1,537 1,494 0 December 1,499 1,422 0 Total 19,289 19,596 5,150 Prior Year Revenues Budgeted Revenues Actual Revenues January 1 6 2 February 3 14 2 March 33 261 48 April 322 1,785 0 May 1,688 844 0 June 223 175 0 July 2,011 2,286 0 August 340 446 0 September 145 129 0 October 2,100 2,530 0 November 252 417 0 December 3,378 3,491 0 Total 10,496 12,383 51 Prior Year Revenues Budgeted Revenues Actual Revenues January 2,099 1,892 2,560 February 1,510 933 1,221 March 3,135 2,770 2,972 April 1,912 1,687 0 May 1,667 1,547 0 June 2,968 2,853 0 July 2,157 1,734 0 August 1,419 1,423 0 September 2,836 2,722 0 October 1,870 1,971 0 November 2,634 1,483 0 December 2,417 2,948 0 Total 26,625 23,962 6,753 Utility Tax Other Taxes Other Revenues (Intergovernmental, Licenses & Permits, Charges for Service, Fines & Forfeits, and Misc Revenues) $0 $5,000 $10,000 $15,000 $20,000 $25,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 19 Bud 18 Act 19 Act $0 $2,000 $4,000 $6,000 $8,000 $10,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 19 Bud 18 Act 19 Act $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 19 Bud 18 Act 19 Act Page 4 of 14 8.a Packet Pg. 25 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) Department 2019 Adj Budget 2019 YTD 2019 Est Actual Variance Favorable (Unfavorable) %Variance Favorable (Unfavorable) City Council 439,470 102,205 422,200 17,270 3.9% Mayor's Office/City Clerk 2,977,960 803,290 3,008,700 (30,740) -1.0% Economic & Community Dev 7,361,170 1,685,484 7,265,700 95,470 1.3% Finance 3,343,890 892,110 3,335,700 8,190 0.2% Fire Contracted Services 3,905,690 762,123 3,826,700 78,990 2.0% Human Resources 2,204,610 576,089 2,120,400 84,210 3.8% Information Technology 528,260 126,998 523,900 4,360 0.8% Law 1,829,200 438,352 1,823,200 6,000 0.3% Municipal Court 3,517,560 876,344 3,525,100 (7,540) -0.2% Parks, Recreation & Comm Svcs 19,138,697 4,110,804 19,160,200 (21,503) -0.1% Police 42,731,380 10,752,286 42,739,100 (7,720) 0.0% Public Works 1,142,280 302,984 1,189,200 (46,920) -4.1% Non-Departmental 19,340,510 553,489 19,340,510 Total Expenditures 108,460,677 21,982,558 108,280,610 180,067 0.2% March 2019 Monthly Financial Report City of Kent, Washington General Fund Overview - Expenditures Variance analysis for expenditures is provided for particular departments or those in which the estimated actual amount differs from the budgeted amount by at least 10% or a minimum of $500,000. Variance Notes None. City Council Mayor's Office/City Clerk 3% ECD 7%Finance 3% Fire Contracted Services 4% Human Resources 2% I.T. Law 2% Municipal Court 3% Parks, Recreation & Comm Svcs 18% Police 39% Public Works 1% Non-Departmental 18% Other 5% 2019 Estimated General Fund Expenditures Page 5 of 14 8.a Packet Pg. 26 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2017 2018 2019 2019 2019 Actual Actual Adj Budget YTD Est Actual Beginning Fund Balance 19,987,828 21,595,175 23,347,825 23,347,825 23,347,825 Revenues Taxes: Property 22,999,864 29,971,155 29,978,040 1,127,616 30,178,040 Sales & Use 21,109,277 24,699,301 21,770,980 6,603,329 23,427,290 Utility 19,648,349 19,289,162 19,596,150 5,149,955 19,287,600 Business & Occupation 9,141,800 9,422,048 11,500,000 43,982 11,513,220 Other 900,663 1,074,356 882,650 7,297 889,540 Licenses and Permits 6,962,130 7,557,658 7,082,370 1,968,448 7,386,610 Intergovernmental Revenue 8,102,414 7,919,860 6,713,830 1,760,368 6,844,080 Charges for Services 7,328,567 6,602,681 6,001,180 2,190,595 6,142,720 Fines and Forfeitures 1,549,964 1,360,976 1,113,790 309,443 1,193,630 Miscellaneous Revenue 2,241,585 2,233,777 2,135,530 524,119 2,075,150 Transfers In 934,128 950,000 915,730 - 950,000 Total Revenues 100,918,740 111,080,973 107,690,250 19,685,152 109,887,880 Expenditures City Council 349,577 344,160 439,470 102,205 422,200 Mayor's Office/City Clerk 2,745,792 2,759,974 2,977,960 803,290 3,008,700 Economic & Community Dev 5,841,098 6,675,576 7,361,170 1,685,484 7,265,700 Finance 2,522,554 3,061,472 3,343,890 892,110 3,335,700 Fire Contracted Services 3,668,180 3,619,385 3,905,690 762,123 3,826,700 Human Resources 1,835,276 2,075,553 2,204,610 576,089 2,120,400 Information Technology 521,151 506,265 528,260 126,998 523,900 Law 1,600,451 1,673,438 1,829,200 438,352 1,823,200 Municipal Court 3,128,652 3,442,107 3,517,560 876,344 3,525,100 Parks, Recreation & Comm Svcs 16,655,356 17,992,171 19,138,697 4,110,804 19,160,200 Police 37,167,622 39,315,958 42,731,380 10,752,286 42,739,100 Public Works 1,111,563 1,155,562 1,142,280 302,984 1,189,200 Non-Departmental 22,164,122 26,706,702 19,340,510 553,489 19,340,510 Total Expenditures 99,311,394 109,328,323 108,460,677 21,982,558 108,280,610 Net Revenues less Expenditures 1,607,347 1,752,650 (770,427) (2,297,406) 1,607,270 Ending Fund Balance 21,595,175 23,347,825 22,577,398 21,050,418 24,955,095 Ending Fund Balance Detail: General Fund Reserves 20,654,415 21,666,605 22,253,608 24,008,985 based on same year actuals/budget 20.8% 19.8% 20.5% 22.2% Restricted for Annexation 940,760 1,681,220 323,790 946,110 March 2019 Monthly Financial Report City of Kent, Washington General Fund Page 6 of 14 8.a Packet Pg. 27 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2017 2018 2019 % of thru March thru March thru March Budget Revenues Taxes: Property 908,077 948,899 1,127,616 178,717 18.8%3.8% Sales & Use 5,221,835 5,615,332 6,603,329 987,997 17.6%30.3% Utility 5,409,478 5,349,794 5,149,955 (199,839) -3.7%26.3% Business & Occupation 487,986 25,207 43,982 18,776 74.5%0.4% Other 11,188 12,204 7,297 (4,907) -40.2%0.8% Licenses and Permits 1,538,614 1,766,569 1,968,448 201,878 11.4%27.8% Intergovernmental Revenue 1,882,038 1,940,906 1,760,368 (180,538) -9.3%26.2% Charges for Services 1,720,915 2,265,641 2,190,595 (75,046) -3.3%36.5% Fines and Forfeitures 535,055 271,651 309,443 37,791 13.9%27.8% Miscellaneous Revenue 473,404 498,803 524,119 25,316 5.1%24.5% Transfers In - - - - Total Revenues 18,188,589 18,695,007 19,685,152 990,145 5.3%18.3% Expenditures City Council 97,920 101,630 102,205 575 0.6%23.3% Mayor's Office/City Clerk 640,113 701,393 803,290 101,897 14.5%27.0% Economic & Community Dev 1,337,584 1,676,350 1,685,484 9,134 0.5%22.9% Finance 553,042 717,355 892,110 174,755 24.4%26.7% Fire Contracted Services 705,961 815,821 762,123 (53,698) -6.6%19.5% Human Resources 418,026 479,139 576,089 96,950 20.2%26.1% Information Technology 130,767 128,182 126,998 (1,184) -0.9%24.0% Law 375,304 441,608 438,352 (3,256) -0.7%24.0% Municipal Court 774,313 814,420 876,344 61,925 7.6%24.9% Parks, Recreation & Comm Svcs 3,520,976 3,824,234 4,110,804 286,571 7.5%21.5% Police 9,172,845 9,718,664 10,752,286 1,033,622 10.6%25.2% Public Works 295,303 273,924 302,984 29,060 10.6%26.5% Non-Departmental 77,980 105,774 553,489 447,715 423.3%2.9% Total Expenditures 18,100,135 19,798,494 21,982,558 2,184,065 11.0%20.3% *General Govt. includes City Council, Mayor/Clerk, HR, IT, & Finance Variance March 2019 Monthly Financial Report City of Kent, Washington General Fund Year-to-Year Month Comparison 2019-18 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 Property Taxes Sales & Use Taxes Utility Taxes Other Revenues GF Revenues thru March 2017 2018 2019 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 Police Parks *General Govt. ECD Non-Dept & Other GF Expenditures thru March 2017 2018 2019 Page 7 of 14 8.a Packet Pg. 28 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2019 2019 2019 2019 Beginning Fund Balance Estimated Revenues Estimated Expenditures Ending Fund Balance Operating revenues and expenditures only; capital and non-capital projects are excluded. General Fund 23,347,823 109,887,880 108,280,610 24,955,093 Street Fund 5,416,976 17,485,720 19,632,150 3,270,546 LEOFF 1 Retiree Benefits 1,872,112 1,179,590 1,423,000 1,628,702 Lodging Tax 336,760 294,830 510,790 120,800 Youth/Teen Programs 91,847 957,730 957,730 91,847 Capital Resources 15,599,204 16,216,910 20,601,850 11,214,264 Criminal Justice 7,247,804 6,310,530 6,003,100 7,555,234 ShoWare Operating 2,647,894 1,150,000 1,423,790 2,374,104 Other Operating 587,398 112,670 112,670 587,398 Councilmanic Debt Service 1,454,240 10,266,810 9,803,310 1,917,740 Special Assessments Debt Service 523,651 1,305,380 1,119,460 709,571 Water Utility 22,238,146 29,589,060 36,223,500 15,603,706 Sewer Utility 6,958,912 31,820,310 31,668,150 7,111,072 Drainage Utility 17,894,344 23,348,620 29,678,070 11,564,894 Solid Waste Utility 466,744 892,980 874,520 485,204 Golf Complex (1,054,952) 2,819,210 2,970,790 (1,206,532) Fleet Services 4,269,349 6,707,070 7,593,460 3,382,959 Central Services 35,637 396,000 387,290 44,347 Information Technology 3,312,044 9,214,790 9,079,150 3,447,684 Facilities 2,324,901 5,754,880 5,838,450 2,241,331 Unemployment 1,366,558 121,700 313,610 1,174,648 Workers Compensation 2,784,276 1,094,000 1,456,980 2,421,296 Employee Health & Wellness 4,273,637 15,052,030 14,898,160 4,427,507 Liability Insurance 537,402 1,810,690 2,017,600 330,492 Property Insurance 595,235 1,365,920 1,332,100 629,055 Enterprise Funds Internal Service Funds Fund Balances March 2019 Monthly Financial Report City of Kent, Washington General Fund Special Revenue Funds Debt Service Funds Page 8 of 14 8.a Packet Pg. 29 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2017 2018 2019 2019 2019 Actual Actual Budget YTD Est Actual Operating revenues and expenditures only; capital and non-capital projects are excluded. In instances where expenditures exceed revenues, fund balance is being utilized. Street Fund Revenues 14,407,771 15,241,855 17,345,420 3,362,063 17,485,720 Expenditures 12,511,397 15,698,374 19,632,152 4,248,266 19,632,150 Net Revenues Less Expenditures 1,896,373 (456,519)(2,286,732)(886,203)(2,146,430) LEOFF 1 Retiree Benefits Revenues 1,285,285 1,948,504 1,179,590 76,209 1,179,590 Expenditures 1,163,174 1,372,764 1,423,000 375,390 1,423,000 Net Revenues Less Expenditures 122,111 575,740 (243,410)(299,181)(243,410) Lodging Tax Revenues 316,975 320,774 294,830 55,362 294,830 Expenditures 328,804 441,566 510,790 2,247 510,790 Net Revenues Less Expenditures (11,830)(120,791)(215,960)53,114 (215,960) Youth/Teen Programs Revenues 955,757 928,958 957,730 252,442 957,730 Expenditures 942,000 942,000 957,730 957,730 Net Revenues Less Expenditures 13,757 (13,042)252,442 Capital Resources Revenues 19,948,247 22,962,097 16,169,310 3,286,018 16,216,910 Expenditures 15,579,639 23,009,239 20,601,850 1,913,997 20,601,850 Net Revenues Less Expenditures 4,368,607 (47,142)(4,432,540)1,372,021 (4,384,940) Criminal Justice Revenues 6,032,589 5,141,297 6,300,130 1,301,247 6,310,530 Expenditures 4,533,302 5,090,504 6,003,100 1,585,240 6,003,100 Net Revenues Less Expenditures 1,499,287 50,792 297,030 (283,993)307,430 ShoWare Operating Revenues 1,355,226 1,502,759 1,150,000 1,150,000 Expenditures 1,067,836 1,373,763 1,423,790 70,109 1,423,790 Net Revenues Less Expenditures 287,390 128,996 (273,790)(70,109)(273,790) Other Operating Revenues 129,338 133,288 112,670 112,670 Expenditures 40,094 72,045 112,670 10,750 112,670 Net Revenues Less Expenditures 89,244 61,243 (10,750) Councilmanic Debt Service Revenues 10,781,229 10,535,010 10,266,810 10,266,810 Expenditures 10,316,403 10,070,185 9,803,310 12,679 9,803,310 Net Revenues Less Expenditures 464,826 464,826 463,500 (12,679)463,500 Special Assessment Debt Service Revenues 1,979,573 1,458,264 1,305,380 18,827 1,305,380 Expenditures 2,585,818 1,561,009 1,119,460 180,072 1,119,460 Net Revenues Less Expenditures (606,245)(102,745)185,920 (161,245)185,920 Debt Service Funds March 2019 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Special Revenue Funds Page 9 of 14 8.a Packet Pg. 30 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2017 2018 2019 2019 2019 Actual Actual Budget YTD Est Actual Operating revenues and expenditures only; capital and non-capital projects are excluded. In instances where expenditures exceed revenues, fund balance is being utilized. March 2019 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Water Utility Revenues 28,209,235 29,438,960 29,589,060 6,398,074 29,589,060 Expenditures 26,577,932 28,004,249 36,223,500 3,615,684 36,223,500 Net Revenues Less Expenditures 1,631,303 1,434,710 (6,634,440)2,782,389 (6,634,440) Sewer Utility Revenues 31,820,310 8,184,879 31,820,310 Expenditures 31,668,150 7,140,261 31,668,150 Net Revenues Less Expenditures 152,160 1,044,618 152,160 Note: Sewer Utility was combined with Drainage Utility in 2017 & 2018. Drainage Utility Revenues 54,240,288 57,343,023 23,343,620 5,881,573 23,348,620 Expenditures 49,060,469 56,879,160 29,678,070 3,278,775 29,678,070 Net Revenues Less Expenditures 5,179,819 463,863 (6,334,450)2,602,798 (6,329,450) Solid Waste Utility Revenues 754,868 799,794 892,980 159,855 892,980 Expenditures 577,964 812,476 874,520 148,171 874,520 Net Revenues Less Expenditures 176,904 (12,682)18,460 11,684 18,460 Golf Complex Revenues 3,027,079 9,229,538 2,819,210 319,680 2,819,210 Expenditures 3,081,308 6,467,553 2,970,790 565,380 2,970,790 Net Revenues Less Expenditures (54,229)2,761,985 (151,580)(245,700)(151,580) Fleet Services Revenues 5,480,210 5,686,534 6,707,070 3,073,904 6,707,070 Expenditures 4,164,630 7,286,339 7,593,460 1,968,439 7,593,460 Net Revenues Less Expenditures 1,315,580 (1,599,805)(886,390)1,105,465 (886,390) Central Services Revenues 350,602 375,410 447,090 89,416 396,000 Expenditures 290,147 357,253 387,290 66,470 387,290 Net Revenues Less Expenditures 60,455 18,157 59,800 22,946 8,710 Information Technology Revenues 8,173,478 8,416,261 9,138,700 2,692,268 9,214,790 Expenditures 8,175,302 8,676,906 9,079,150 1,885,601 9,079,150 Net Revenues Less Expenditures (1,824)(260,645)59,550 806,668 135,640 Facilities Revenues 4,737,520 4,941,020 5,754,880 1,293,554 5,754,880 Expenditures 4,761,950 4,933,077 5,838,450 1,012,872 5,838,450 Net Revenues Less Expenditures (24,429)7,943 (83,570)280,682 (83,570) Unemployment Revenues 167,215 158,565 121,700 40,615 121,700 Expenditures 75,154 181,851 313,610 79,438 313,610 Net Revenues Less Expenditures 92,061 (23,286)(191,910)(38,823)(191,910) Enterprise Funds Internal Service Funds Note: Golf revenues include proceeds from the sale of land of $500k in 2017 and $6m in 2018. 2018 Exp include $3.3m transfer to Capital Projects Page 10 of 14 8.a Packet Pg. 31 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2017 2018 2019 2019 2019 Actual Actual Budget YTD Est Actual Operating revenues and expenditures only; capital and non-capital projects are excluded. In instances where expenditures exceed revenues, fund balance is being utilized. March 2019 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Workers Compensation Revenues 1,082,091 1,829,452 1,094,000 307,900 1,094,000 Expenditures 1,013,278 725,048 1,456,980 306,857 1,456,980 Net Revenues Less Expenditures 68,813 1,104,404 (362,980)1,043 (362,980) Employee Health & Wellness Revenues 11,707,967 13,857,791 15,052,030 3,720,753 15,052,030 Expenditures 13,428,552 12,931,931 14,898,160 3,261,084 14,898,160 Net Revenues Less Expenditures (1,720,584)925,860 153,870 459,669 153,870 Liability Insurance Revenues 2,087,755 1,950,908 1,810,690 638,702 1,810,690 Expenditures 2,180,680 2,733,726 2,017,600 817,102 2,017,600 Net Revenues Less Expenditures (92,925)(782,818)(206,910)(178,401)(206,910) Property Insurance Revenues 556,770 587,906 1,365,920 884,520 1,365,920 Expenditures 436,283 632,404 1,332,100 309,347 1,332,100 Net Revenues Less Expenditures 120,487 (44,498)33,820 575,173 33,820 0 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 2017 Actuals 2018 Actuals 2019 Budget 2019 Est. Actuals Other Fund Revenues Special Revenue Funds Enterprise Funds Internal Service Funds 0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 General Fund Special Revenue Funds Enterprise Funds Internal Service Funds 2019 Estimated Fund Balances Beginning Balance Estimated Ending Balance 0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000 100,000,000 2017 Actuals 2018 Actuals 2019 Budget 2019 Est. Actuals Other Fund Expenditures Special Revenue Funds Enterprise Funds Internal Service Funds Page 11 of 14 8.a Packet Pg. 32 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2017 2018 2019 thru March thru March thru March Operating revenues and expenditures only; capital and non-capital projects are excluded. Street Fund Revenues 2,799,251 2,937,460 3,362,063 424,603 14.5% Expenditures 1,925,593 3,989,384 4,248,266 258,882 6.5% Net Revenues Less Expenditures 873,658 (1,051,924)(886,203) LEOFF 1 Retiree Benefits Revenues 217,023 156,569 76,209 (80,360)-51.3% Expenditures 288,767 278,004 375,390 97,386 35.0% Net Revenues Less Expenditures (71,744)(121,434)(299,181) Lodging Tax Revenues 51,437 54,777 55,362 584 1.1% Expenditures 20,529 90,218 2,247 (87,970)-97.5% Net Revenues Less Expenditures 30,908 (35,440)53,114 Youth/Teen Programs Revenues 274,352 267,393 252,442 (14,951)-5.6% Expenditures Net Revenues Less Expenditures 274,352 267,393 252,442 Capital Resources Revenues 2,853,146 3,738,588 3,286,018 (452,570)-12.1% Expenditures (725,000)1,913,997 2,638,997 Net Revenues Less Expenditures 2,853,146 4,463,588 1,372,021 Criminal Justice Revenues 1,213,639 1,117,446 1,301,247 183,801 16.4% Expenditures 925,084 1,090,912 1,585,240 494,327 45.3% Net Revenues Less Expenditures 288,555 26,534 (283,993) ShoWare Operating Revenues 85,121 (85,121)-100.0% Expenditures 131,050 139,935 70,109 (69,825)-49.9% Net Revenues Less Expenditures (131,050)(54,814)(70,109) Admissions Tax revenues received quarterly (April, July, September, January) Other Operating Revenues 5,000 (5,000)-100.0% Expenditures 500 15,042 10,750 (4,292)-28.5% Net Revenues Less Expenditures (500)(10,042)(10,750) Combines several small programs, including City Art Program and Neighborhood Matching Grants March 2019 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Year-to-Year Month Comparison 2019-18 Special Revenue Funds Variance Page 12 of 14 8.a Packet Pg. 33 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2017 2018 2019 thru March thru March thru March Operating revenues and expenditures only; capital and non-capital projects are excluded. March 2019 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Year-to-Year Month Comparison 2019-18 Variance Councilmanic Debt Service Revenues Expenditures 12,679 12,679 Net Revenues Less Expenditures (12,679) Debt service payments are generally due in June and December. Special Assessments Debt Service Revenues 64,637 48,776 18,827 (29,949)-61.4% Expenditures 156 (1,354)180,072 181,426 -13404.1% Net Revenues Less Expenditures 64,481 50,129 (161,245) Water Utility Revenues 5,687,351 5,971,049 6,398,074 427,024 7.2% Expenditures 3,271,510 3,245,322 3,615,684 370,363 11.4% Net Revenues Less Expenditures 2,415,841 2,725,728 2,782,389 Sewer Utility Revenues 8,184,879 8,184,879 Expenditures 7,140,261 7,140,261 Net Revenues Less Expenditures 1,044,618 Note: Sewer Utility was combined with Drainage Utility in 2017 & 2018. Drainage Utility Revenues 12,716,526 14,586,334 5,881,573 (8,704,761)-59.7% Expenditures 9,775,786 10,095,656 3,278,775 (6,816,881)-67.5% Net Revenues Less Expenditures 2,940,740 4,490,677 2,602,798 Solid Waste Utility Revenues 150,088 162,754 159,855 (2,899)-1.8% Expenditures 95,134 224,541 148,171 (76,370)-34.0% Net Revenues Less Expenditures 54,954 (61,787)11,684 Golf Complex Revenues 260,932 310,880 319,680 8,800 2.8% Expenditures 552,662 514,016 565,380 51,364 10.0% Net Revenues Less Expenditures (291,730)(203,136)(245,700) 2017 revenues down due to inclement weather conditions in Q1. Fleet Services Revenues 1,212,776 1,217,336 3,073,904 1,856,569 152.5% Expenditures 847,121 1,200,336 1,968,439 768,103 64.0% Net Revenues Less Expenditures 365,654 17,000 1,105,465 Central Services Revenues 90,041 98,459 89,416 (9,043)-9.2% Expenditures 20,843 89,030 66,470 (22,560)-25.3% Net Revenues Less Expenditures 69,198 9,429 22,946 Debt Service Funds Enterprise Funds Internal Service Funds Page 13 of 14 8.a Packet Pg. 34 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2017 2018 2019 thru March thru March thru March Operating revenues and expenditures only; capital and non-capital projects are excluded. March 2019 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Year-to-Year Month Comparison 2019-18 Variance Information Technology Revenues 1,963,019 2,056,631 2,692,268 635,638 30.9% Expenditures 1,934,995 1,961,097 1,885,601 (75,496)-3.8% Net Revenues Less Expenditures 28,024 95,534 806,668 Facilities Revenues 1,142,335 1,198,127 1,293,554 95,427 8.0% Expenditures 964,892 993,477 1,012,872 19,394 2.0% Net Revenues Less Expenditures 177,443 204,650 280,682 Unemployment Revenues 57,934 38,207 40,615 2,408 6.3% Expenditures 18,085 46,069 79,438 33,368 72.4% Net Revenues Less Expenditures 39,849 (7,862)(38,823) Workers Compensation Revenues 255,951 272,813 307,900 35,087 12.9% Expenditures 324,088 279,594 306,857 27,263 9.8% Net Revenues Less Expenditures (68,137)(6,782)1,043 Employee Health & Wellness Revenues 2,695,012 3,192,436 3,720,753 528,317 16.5% Expenditures 3,319,480 3,573,881 3,261,084 (312,796)-8.8% Net Revenues Less Expenditures (624,468)(381,444)459,669 Liability Insurance Revenues 326,602 382,700 638,702 256,002 66.9% Expenditures 1,767,385 1,094,969 817,102 (277,867)-25.4% Net Revenues Less Expenditures (1,440,783)(712,269)(178,401) Property Insurance Revenues 140,092 143,501 884,520 741,019 516.4% Expenditures 214,870 213,397 309,347 95,950 45.0% Net Revenues Less Expenditures (74,778)(69,897)575,173 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 Special Revenue Funds Enterprise Funds Internal Service Funds Other Fund Revenues thru March 2017 2018 2019 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 Special Revenue Funds Enterprise Funds Internal Service Funds Other Fund Expenditures thru March 2017 2018 2019 Page 14 of 14 8.a Packet Pg. 35 At t a c h m e n t : M a r c h 2 0 1 9 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2018 Adj Budget 2018 Actual Variance Favorable (Unfavorable) %Variance Favorable (Unfavorable) Revenues 103,178,490 111,080,973 7,902,483 7.7% Expenditures 109,518,167 109,328,323 189,844 0.2% Net Revenues Less Expenditures (6,339,677) 1,752,650 8,092,327 Beginning Fund Balance 21,595,175 21,595,175 Ending Fund Balance 15,255,498 23,347,825 Ending Fund Balance Detail: General Fund Reserves 14,665,328 21,666,605 13.4%19.8% Restricted for Annexation 590,170 1,681,220 Revenue Overview Expenditures Overview Required Ending Fund Balance Calculation Estimated Expenditures for 2018 (from above)109,328,323 18.0% 18% GF Ending Fund Balance 19,679,098 December 2018 Monthly Financial Report City of Kent, Washington General Fund Overview Summary Analysis through December shows an overall positive budget variance of $8.1 million. The budgeted use of fund balance is offset by the positive budget variance of $8.1 million, creating a net surplus of $1.8m. General Fund Reserves are estimated to end the year at $21.7 million, or 19.8% of estimated 2018 expenditures. Revenues are estimated to end the year approximately $7.9 million (7.7%) higher than budgeted. Through December, all departments remained fairly close to budget with an overall budget variance of $190 thousand or 0.2%. 6.93 2.06 0.83 0.64 4.13 7.65 9.46 11.91 18.92 20.65 21.67 0.00 5.00 10.00 15.00 20.00 25.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 General Fund Ending Fund Balance 10-year History (excluding Annexation)$ in millions Page 1 of 14 8.b Packet Pg. 36 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) Revenue Categories 2018 Adj Budget 2018 Actual Variance Favorable (Unfavorable) %Variance Favorable (Unfavorable) Taxes: Property 29,532,710 #29,971,155 438,445 1.5% Sales & Use 21,100,310 #24,699,301 3,598,991 17.1% Utility 19,150,880 #19,289,162 138,282 0.7% Business & Occupation 8,890,480 #9,422,048 531,568 6.0% Other 879,260 #1,074,356 195,096 22.2% Licenses and Permits 5,695,870 #7,557,658 1,861,788 32.7% Intergovernmental Revenue 7,973,870 #7,919,860 (54,010) -0.7% Charges for Services 5,844,610 #6,602,681 758,071 13.0% Fines and Forfeitures 1,565,970 #1,360,976 (204,994) -13.1% Miscellaneous Revenue 1,594,530 #2,233,777 639,247 40.1% Transfers In 950,000 950,000 - Total Revenues 103,178,490 #111,080,973 7,902,483 7.7% Miscellaneous Revenue: $958k increase due to rents & royaties ($168k), Donations ($12k), and miscellaneous revenue ($483k - due mostly to PD reimbursements), offset by a decrease in interest income ($24k). December 2018 Monthly Financial Report City of Kent, Washington General Fund Overview - Revenues Variance analysis for revenues is provided for particular line items or those in which the estimated actual amount differs from the budgeted amount by at least 10% or minimum of $500,000. Variance Notes Fines & Forfeitures: $205k under budget due to under performance of Civil Penalties ($509k), Court Holdings ($38k) and Criminal Costs ($20k), offset by increases in Criminal Penalties ($129k) and B&O Penalties ($233k). Licenses and Permits: $1.9m increase due to $1.2m of bldg/struc permits, $296k in higher street/curb permits, $218k in fire permits, & $219k in business licenses & franchise fees. Other Taxes: $195k increase due to higher than anticipated admission taxes ($92k) & gambling taxes ($103k). Sales & Use Tax: $3.6m increase due to higher than anticipated sales tax revenues in the second half of the year due to a strong construction economy. Charges & Services: $758k increase over budget due to higher planning development service charges of $1.1m, offset by decreases in public safety charges of ($239k), Culture & Rec ($45k), and Utility & Environ ($53k). B&O Taxes: $532k increase due to higher than usual year-end receipts. 2018 General Fund Revenues Property Taxes 27% Sales Taxes 22% Utility Taxes 17% B&O Taxes 9%Other Taxes 1% Licenses and Permits 7% Intergovernmental 7% Charges for Services 6% Fines and Forfeits Misc & Transfers In 3% Other 17% Page 2 of 14 8.b Packet Pg. 37 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) Prior Year Revenues Budgeted Revenues Actual Revenues January 5,578 6,023 5,721 February 5,024 5,518 5,542 March 7,586 8,151 7,432 April 17,008 16,737 18,343 May 6,492 7,435 8,891 June 6,175 6,637 6,778 July 7,351 6,919 8,084 August 5,581 5,636 5,496 September 6,738 7,305 6,935 October 15,494 16,971 19,388 November 6,875 6,662 8,117 December 11,017 9,185 10,353 Total 100,919 103,178 111,081 Prior Year Revenues Budgeted Revenues Actual Revenues January 0 11 0 February 197 224 213 March 711 966 736 April 9,768 11,775 12,768 May 1,324 2,345 1,860 June 109 160 121 July 26 56 269 August 85 107 104 September 561 665 327 October 8,610 11,300 11,934 November 1,361 1,668 1,432 December 249 256 207 Total 23,000 29,533 29,971 Prior Year Revenues Budgeted Revenues Actual Revenues January 1,686 1,610 1,761 February 1,986 2,056 2,045 March 1,550 1,560 1,810 April 1,547 1,553 1,604 May 1,836 1,781 2,074 June 1,587 1,456 2,019 July 1,739 1,724 2,000 August 1,964 1,918 2,152 September 1,693 1,771 2,066 October 1,783 1,765 2,056 November 1,841 1,916 2,261 December 1,898 1,992 2,851 Total 21,109 21,100 24,699 December 2018 Monthly Financial Report City of Kent, Washington General Fund Revenues ($ in Thousands) All Revenues Sources Property Tax Sales Tax $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 18 Bud 17 Act 18 Act $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 18 Bud 17 Act 18 Act $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 18 Bud 17 Act 18 Act Page 3 of 14 8.b Packet Pg. 38 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) December 2018 Monthly Financial Report City of Kent, Washington General Fund Revenues ($ in Thousands) Prior Year Revenues Budgeted Revenues Actual Revenues January 1,842 2,052 1,860 February 1,829 1,675 1,771 March 1,739 1,606 1,719 April 1,873 1,817 1,737 May 1,566 1,486 1,602 June 1,505 1,363 1,447 July 1,631 1,707 1,647 August 1,479 1,434 1,482 September 1,574 1,674 1,560 October 1,536 1,498 1,427 November 1,535 1,443 1,537 December 1,540 1,396 1,499 Total 19,648 19,151 19,289 Prior Year Revenues Budgeted Revenues Actual Revenues January 1 6 1 February 4 24 3 March 494 265 33 April 1,945 1,888 322 May 232 338 1,688 June 153 123 223 July 1,984 1,753 2,011 August 185 364 340 September 8 92 145 October 1,950 1,965 2,100 November 578 358 252 December 2,509 2,595 3,378 Total 10,042 9,770 10,496 Prior Year Revenues Budgeted Revenues Actual Revenues January 2,049 1,700 2,099 February 1,008 950 1,510 March 3,092 2,771 3,135 April 1,876 1,600 1,912 May 1,534 1,522 1,667 June 2,820 2,986 2,968 July 1,969 1,613 2,157 August 1,868 1,470 1,419 September 2,902 2,764 2,836 October 1,615 1,935 1,870 November 1,561 1,197 2,634 December 4,821 3,117 2,417 Total 27,119 23,625 26,625 Utility Tax Other Taxes Other Revenues (Intergovernmental, Licenses & Permits, Charges for Service, Fines & Forfeits, and Misc Revenues) $0 $5,000 $10,000 $15,000 $20,000 $25,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 18 Bud 17 Act 18 Act $0 $2,000 $4,000 $6,000 $8,000 $10,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 18 Bud 17 Act 18 Act $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 18 Bud 17 Act 18 Act Page 4 of 14 8.b Packet Pg. 39 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) Department 2018 Adj Budget 2018 Actual Variance Favorable (Unfavorable) %Variance Favorable (Unfavorable) City Council 409,150 ###344,160 64,990 15.9% Mayor's Office/City Clerk 3,063,990 ###2,759,974 304,016 9.9% Economic & Community Dev 7,305,340 ###6,675,576 629,764 8.6% Finance 3,007,710 ###3,061,472 (53,762) -1.8% Fire Contracted Services 3,657,530 ###3,619,385 38,145 1.0% Human Resources 2,213,030 ###2,075,553 137,477 6.2% Information Technology 519,450 ###506,265 13,185 2.5% Law 1,777,920 ###1,673,438 104,482 5.9% Municipal Court 3,405,030 ###3,442,107 (37,077) -1.1% Parks, Recreation & Comm Svcs 18,636,007 ###17,992,171 643,836 3.5% Police 38,863,160 ###39,315,958 (452,798) -1.2% Public Works 1,318,470 ###1,155,562 162,908 12.4% Non-Departmental 25,341,380 ###26,706,702 (1,365,322) -5.4% Total Expenditures 109,518,167 ###109,328,323 189,844 0.2% December 2018 Monthly Financial Report City of Kent, Washington General Fund Overview - Expenditures Variance analysis for expenditures is provided for particular departments or those in which the estimated actual amount differs from the budgeted amount by at least 10% or a minimum of $500,000. Variance Notes Non-Departmental: Actual expenditures exceeded budget by $1.4m due to extra transfers of B&O Tax revenues to the Street Fund ($795k), transfers of excess revenues to the Capital Resource Fund ($364k) & ShoWare Operating ($139k), and extra Bank Service & Credit Card Fees ($63k). City Council: Actual expenditures were $65k (15.9%) less than budgeted due to budget savings in S&B ($28k) and Services ($38k), offset by over-spend of Supplies ($2k). Economic & Community Dev: Actual expenditures were $640k less than budgeted due to budget savings in S&B ($544k) and Services ($86k). Parks, Recreation & Community Services: Actual expenditures were $644k less than budgeted due to budget savings in S&B ($156k), Supplies ($6k) and Services ($494k). Public Works: Actual expenditures were $163k (12.4%) less than budgeted due to budget savings in Administrative Professional Services ($163k). City Council Mayor's Office 3% ECD 6% Finance 3%Fire Contracted Services 3% H R 2% I.T. Law 2% Municipal Court 3% Parks, Recreation & Comm Svcs 16% Police 36% Public Works Non- Departmental 24% Other 9% 2018 General Fund Expenditures Page 5 of 14 8.b Packet Pg. 40 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2016 2017 2018 2018 Actual Actual Adj Budget Actual Beginning Fund Balance 15,372,499 19,987,828 21,595,175 21,595,175 Revenues Taxes: Property 22,534,441 22,999,864 29,532,710 29,971,155 Sales & Use 19,814,047 21,109,277 21,100,310 24,699,301 Utility 18,490,458 19,648,349 19,150,880 19,289,162 Business & Occupation 9,311,445 9,141,800 8,890,480 9,422,048 Other 961,833 900,663 879,260 1,074,356 Licenses and Permits 6,269,525 6,962,130 5,695,870 7,557,658 Intergovernmental Revenue 8,072,343 8,102,414 7,973,870 7,919,860 Charges for Services 5,363,205 7,328,567 5,844,610 6,602,681 Fines and Forfeitures 1,551,720 1,549,964 1,565,970 1,360,976 Miscellaneous Revenue 2,302,027 2,241,585 1,594,530 2,233,777 Transfers In 962,261 934,128 950,000 950,000 Total Revenues 95,633,303 100,918,740 103,178,490 111,080,973 Expenditures City Council 337,355 349,577 409,150 344,160 Mayor's Office/City Clerk 2,339,581 2,745,792 3,063,990 2,759,974 Economic & Community Dev 5,521,764 5,841,098 7,305,340 6,675,576 Finance 2,751,128 2,522,554 3,007,710 3,061,472 Fire Contracted Services 3,556,484 3,668,180 3,657,530 3,619,385 Human Resources 1,733,010 1,835,276 2,213,030 2,075,553 Information Technology 509,617 521,151 519,450 506,265 Law 1,458,153 1,600,451 1,777,920 1,673,438 Municipal Court 3,079,215 3,128,652 3,405,030 3,442,107 Parks, Recreation & Comm Svcs 16,027,802 16,655,356 18,636,007 17,992,171 Police 35,155,894 37,167,622 38,863,160 39,315,958 Public Works 1,273,864 1,111,563 1,318,470 1,155,562 Non-Departmental 17,274,106 22,164,122 25,341,380 26,706,702 Total Expenditures 91,017,974 99,311,394 109,518,167 109,328,323 Net Revenues less Expenditures 4,615,329 1,607,347 (6,339,677) 1,752,650 Ending Fund Balance 19,987,828 21,595,175 15,255,498 23,347,825 Ending Fund Balance Detail: General Fund Reserves 18,921,258 20,654,417 14,665,328 21,666,605 based on same year actuals/budget 20.8% 20.8% 13.4% 19.8% Restricted for Annexation 1,066,570 940,759 590,170 1,681,220 December 2018 Monthly Financial Report City of Kent, Washington General Fund Page 6 of 14 8.b Packet Pg. 41 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2016 2017 2018 % of thru December thru December thru December Budget Revenues Taxes: Property 22,534,441 22,999,864 29,971,155 6,971,291 30.3%101.5% Sales & Use 19,814,047 21,109,277 24,699,301 3,590,024 17.0%117.1% Utility 18,490,458 19,648,349 19,289,162 (359,187) -1.8%100.7% Business & Occupation 9,311,445 9,141,800 9,422,048 280,248 3.1%106.0% Other 961,833 900,663 1,074,356 173,693 19.3%122.2% Licenses and Permits 6,269,525 6,962,130 7,557,658 595,528 8.6%132.7% Intergovernmental Revenue 8,072,343 8,102,414 7,919,860 (182,554) -2.3%99.3% Charges for Services 5,363,205 7,328,567 6,602,681 (725,886) -9.9%113.0% Fines and Forfeitures 1,551,720 1,549,964 1,360,976 (188,988) -12.2%86.9% Miscellaneous Revenue 2,302,027 2,241,585 2,233,777 (7,808) -0.3%140.1% Transfers In 962,261 934,128 950,000 15,872 1.7%100.0% Total Revenues 95,633,305 100,918,741 111,080,973 10,162,232 10.1%107.7% Expenditures City Council 337,355 349,577 344,160 (5,417) -1.5%84.1% Mayor's Office/City Clerk 2,339,581 2,745,792 2,759,974 14,182 0.5%90.1% Economic & Community Dev 5,521,764 5,841,099 6,675,576 834,477 14.3%91.4% Finance 2,751,128 2,522,554 3,061,472 538,918 21.4%101.8% Fire Contracted Services 3,556,484 3,668,180 3,619,385 (48,795) -1.3%99.0% Human Resources 1,733,010 1,835,276 2,075,553 240,277 13.1%93.8% Information Technology 509,617 521,151 506,265 (14,886) -2.9%97.5% Law 1,458,153 1,600,450 1,673,438 72,988 4.6%94.1% Municipal Court 3,079,215 3,128,653 3,442,107 313,454 10.0%101.1% Parks, Recreation & Comm Svcs 16,027,802 16,655,355 17,992,171 1,336,816 8.0%96.5% Police 35,155,894 37,167,621 39,315,958 2,148,337 5.8%101.2% Public Works 1,273,864 1,111,563 1,155,562 43,999 4.0%87.6% Non-Departmental 17,274,106 22,164,122 26,706,702 4,542,580 20.5%105.4% Total Expenditures 91,017,973 99,311,393 109,328,323 10,016,930 10.1%99.8% *General Govt. includes City Council, Mayor/Clerk, HR, IT, & Finance Variance December 2018 Monthly Financial Report City of Kent, Washington General Fund Year-to-Year Month Comparison 2018-17 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 Property Taxes Sales & Use Taxes Utility Taxes Other Revenues GF Revenues thru December 2016 2017 2018 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 45,000,000 Police Parks *General Govt. ECD Non-Dept & Other GF Expenditures thru December 2016 2017 2018 Page 7 of 14 8.b Packet Pg. 42 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2018 2018 2018 2018 Beginning Fund Balance Revenues Expenditures Ending Fund Balance Operating revenues and expenditures only; capital and non-capital projects are excluded. General Fund 21,595,174 111,080,973 109,328,323 23,347,823 Street Fund 5,873,486 15,241,860 15,698,370 5,416,976 LEOFF 1 Retiree Benefits 1,296,372 1,948,500 1,372,760 1,872,112 Lodging Tax 457,557 320,773 441,570 336,760 Youth/Teen Programs 104,887 928,960 942,000 91,847 Capital Resources 15,646,334 22,962,110 23,009,240 15,599,204 Criminal Justice 7,197,004 5,141,300 5,090,500 7,247,804 ShoWare Operating 2,518,894 1,502,760 1,373,760 2,647,894 Other Operating 526,158 133,290 72,050 587,398 Councilmanic Debt Service 986,220 10,535,010 10,066,990 1,454,240 Special Assessments Debt Service 582,661 1,504,460 1,563,470 523,651 Water Utility 20,803,436 29,438,960 28,004,250 22,238,146 Sewer/Drainage Utility 24,390,396 57,342,020 56,879,160 24,853,256 Solid Waste Utility 479,431 799,793 812,480 466,744 Golf Complex (3,816,932) 9,229,530 6,467,550 (1,054,952) Fleet Services 5,869,149 5,686,540 7,286,340 4,269,349 Central Services (3,113) 396,000 357,250 35,637 Information Technology 3,593,294 8,395,660 8,676,910 3,312,044 Facilities 2,316,961 4,941,020 4,933,080 2,324,901 Unemployment 1,424,508 123,900 181,850 1,366,558 Workers Compensation 2,374,326 1,135,000 725,050 2,784,276 Employee Health & Wellness 2,960,567 14,245,000 12,931,930 4,273,637 Liability Insurance 1,661,132 1,610,000 2,733,730 537,402 Property Insurance 652,035 575,600 632,400 595,235 Enterprise Funds Internal Service Funds Fund Balances December 2018 Monthly Financial Report City of Kent, Washington General Fund Special Revenue Funds Debt Service Funds Page 8 of 14 8.b Packet Pg. 43 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2016 2017 2018 2018 Actual Actual Budget Actual Operating revenues and expenditures only; capital and non-capital projects are excluded. In instances where expenditures exceed revenues, fund balance is being utilized. Street Fund Revenues 14,254,751 14,407,771 11,921,560 15,241,855 Expenditures 14,369,693 12,511,397 15,848,840 15,698,374 Net Revenues Less Expenditures (114,942)1,896,373 (3,927,280)(456,519) LEOFF 1 Retiree Benefits Revenues 1,035,289 1,285,285 2,193,480 1,948,504 Expenditures 954,561 1,163,174 1,596,550 1,372,764 Net Revenues Less Expenditures 80,728 122,111 596,930 575,740 Lodging Tax Revenues 294,859 316,975 286,610 320,774 Expenditures 219,989 328,804 452,750 441,566 Net Revenues Less Expenditures 74,870 (11,830)(166,140)(120,791) Youth/Teen Programs Revenues 911,855 955,757 936,220 928,958 Expenditures 942,000 942,000 942,000 942,000 Net Revenues Less Expenditures (30,145)13,757 (5,780)(13,042) Capital Resources Revenues 20,751,646 19,948,247 18,806,830 22,962,097 Expenditures 15,248,984 15,579,639 23,280,430 23,009,239 Net Revenues Less Expenditures 5,502,662 4,368,607 (4,473,600)(47,142) Criminal Justice Revenues 4,873,770 6,032,589 4,200,900 5,141,297 Expenditures 3,157,680 4,533,302 5,206,560 5,090,504 Net Revenues Less Expenditures 1,716,090 1,499,287 (1,005,660)50,792 Budget change will be made in November to add a $500k transfer to facilities. ShoWare Operating Revenues 1,647,988 1,355,226 1,234,430 1,502,759 Expenditures 1,097,457 1,067,836 1,433,080 1,373,763 Net Revenues Less Expenditures 550,531 287,390 (198,650)128,996 Other Operating Revenues 135,731 129,338 120,650 133,288 Expenditures 63,059 40,094 120,650 72,045 Net Revenues Less Expenditures 72,672 89,244 61,243 Councilmanic Debt Service Revenues 86,581,322 10,781,229 10,531,820 10,535,010 Expenditures 85,720,181 10,316,403 10,066,990 10,070,185 Net Revenues Less Expenditures 861,141 464,826 464,830 464,826 Special Assessment Debt Service Revenues 2,151,133 1,979,573 1,504,460 1,458,264 Expenditures 3,032,661 2,585,818 1,563,470 1,561,009 Net Revenues Less Expenditures (881,528)(606,245)(59,010)(102,745) Debt Service Funds December 2018 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Special Revenue Funds 2018 estimated expenditures higher due to increased long-term care costs. Page 9 of 14 8.b Packet Pg. 44 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2016 2017 2018 2018 Actual Actual Budget Actual Operating revenues and expenditures only; capital and non-capital projects are excluded. In instances where expenditures exceed revenues, fund balance is being utilized. December 2018 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Water Utility Revenues 24,526,000 28,209,235 25,718,320 29,438,960 Expenditures 21,654,832 26,577,932 28,943,430 28,004,249 Net Revenues Less Expenditures 2,871,168 1,631,303 (3,225,110)1,434,710 Sewer/Drainage Utility Revenues 53,289,642 54,240,288 53,455,350 57,343,023 Expenditures 50,599,649 49,060,469 57,617,920 56,879,160 Net Revenues Less Expenditures 2,689,993 5,179,819 (4,162,570)463,863 Solid Waste Utility Revenues 774,072 754,868 749,500 799,794 Expenditures 471,180 577,964 807,330 812,476 Net Revenues Less Expenditures 302,892 176,904 (57,830)(12,682) Golf Complex Revenues 2,475,682 3,027,079 9,788,390 9,229,538 Expenditures 3,188,762 3,081,308 6,939,044 6,467,553 Net Revenues Less Expenditures (713,080)(54,229)2,849,346 2,761,985 Fleet Services Revenues 4,769,001 5,480,210 4,761,160 5,686,534 Expenditures 3,974,431 4,164,630 9,119,000 7,286,339 Net Revenues Less Expenditures 794,570 1,315,580 (4,357,840)(1,599,805) Central Services Revenues 382,444 350,602 449,310 375,410 Expenditures 399,786 290,147 421,150 357,253 Net Revenues Less Expenditures (17,342)60,455 28,160 18,157 Information Technology Revenues 7,717,834 8,173,478 8,137,635 8,416,261 Expenditures 6,905,076 8,175,302 8,706,380 8,676,906 Net Revenues Less Expenditures 812,757 (1,824)(568,745)(260,645) Facilities Revenues 5,556,854 4,737,520 4,904,580 4,941,020 Expenditures 4,881,741 4,761,950 5,142,110 4,933,077 Net Revenues Less Expenditures 675,113 (24,429)(237,530)7,943 Unemployment Revenues 420,226 167,215 121,700 158,565 Expenditures 126,718 75,154 171,990 181,851 Net Revenues Less Expenditures 293,508 92,061 (50,290)(23,286) Workers Compensation Revenues 1,200,476 1,082,091 1,664,800 1,829,452 Expenditures 1,436,775 1,013,278 2,532,430 725,048 Net Revenues Less Expenditures (236,299)68,813 (867,630)1,104,404 Enterprise Funds Internal Service Funds Note: Golf revenues include proceeds from the sale of land of $500k in 2017 and $6m in 2018. 2018 Exp include $3.3m transfer to Capital Projects Page 10 of 14 8.b Packet Pg. 45 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2016 2017 2018 2018 Actual Actual Budget Actual Operating revenues and expenditures only; capital and non-capital projects are excluded. In instances where expenditures exceed revenues, fund balance is being utilized. December 2018 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Employee Health & Wellness Revenues 10,688,926 11,707,967 13,995,990 13,857,791 Expenditures 12,130,696 13,428,552 14,629,950 12,931,931 Net Revenues Less Expenditures (1,441,770)(1,720,584)(633,960)925,860 Liability Insurance Revenues 1,447,027 2,087,755 1,810,060 1,950,908 Expenditures 2,145,627 2,180,680 2,175,930 2,733,726 Net Revenues Less Expenditures (698,600)(92,925)(365,870)(782,818) Property Insurance Revenues 628,105 556,770 565,920 587,906 Expenditures 445,135 436,283 726,490 632,404 Net Revenues Less Expenditures 182,970 120,487 (160,570)(44,498) 0 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 2016 Actuals 2017 Actuals 2018 Budget 2018 Est. Actuals Other Fund Revenues Special Revenue Funds Enterprise Funds Internal Service Funds 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 45,000,000 50,000,000 General Fund Special Revenue Funds Enterprise Funds Internal Service Funds 2018 Estimated Fund Balances Beginning Balance Estimated Ending Balance 0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000 100,000,000 2016 Actuals 2017 Actuals 2018 Budget 2018 Est. Actuals Other Fund Expenditures Special Revenue Funds Enterprise Funds Internal Service Funds Page 11 of 14 8.b Packet Pg. 46 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2016 2017 2018 thru December thru December thru December Operating revenues and expenditures only; capital and non-capital projects are excluded. Street Fund Revenues 14,254,751 14,407,771 15,241,855 834,084 5.8% Expenditures 14,369,693 12,511,397 15,698,374 3,186,977 25.5% Net Revenues Less Expenditures (114,942)1,896,374 (456,519) LEOFF 1 Retiree Benefits Revenues 1,035,289 1,285,285 1,948,504 663,219 51.6% Expenditures 954,561 1,163,174 1,372,764 209,590 18.0% Net Revenues Less Expenditures 80,728 122,111 575,740 Lodging Tax Revenues 294,859 316,975 320,774 3,799 1.2% Expenditures 219,989 328,804 441,566 112,762 34.3% Net Revenues Less Expenditures 74,870 (11,829)(120,791) Youth/Teen Programs Revenues 911,855 955,757 928,958 (26,799)-2.8% Expenditures 942,000 942,000 942,000 Net Revenues Less Expenditures (30,145)13,757 (13,042) Capital Resources Revenues 20,751,646 19,948,247 22,962,097 3,013,850 15.1% Expenditures 15,248,984 15,579,639 23,009,239 7,429,600 Net Revenues Less Expenditures 5,502,662 4,368,608 (47,142) Criminal Justice Revenues 4,873,770 6,032,589 5,141,297 (891,292)-14.8% Expenditures 3,157,680 4,533,302 5,090,504 557,202 12.3% Net Revenues Less Expenditures 1,716,090 1,499,287 50,792 ShoWare Operating Revenues 1,647,988 1,355,226 1,502,759 147,533 10.9% Expenditures 1,097,457 1,067,836 1,373,763 305,927 28.6% Net Revenues Less Expenditures 550,531 287,390 128,996 Admissions Tax revenues received quarterly (April, July, September, January) Other Operating Revenues 135,731 129,338 133,288 3,950 3.1% Expenditures 63,059 40,094 72,045 31,951 79.7% Net Revenues Less Expenditures 72,672 89,244 61,243 Combines several small programs, including City Art Program and Neighborhood Matching Grants December 2018 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Year-to-Year Month Comparison 2018-17 Special Revenue Funds Variance Page 12 of 14 8.b Packet Pg. 47 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2016 2017 2018 thru December thru December thru December Operating revenues and expenditures only; capital and non-capital projects are excluded. December 2018 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Year-to-Year Month Comparison 2018-17 Variance Councilmanic Debt Service Revenues 86,581,322 10,781,229 10,535,010 (246,219)-2.3% Expenditures 85,720,181 10,316,403 10,070,185 (246,218)-2.4% Net Revenues Less Expenditures 861,141 464,826 464,826 Debt service payments are generally due in June and December. Special Assessments Debt Service Revenues 2,151,133 1,979,573 1,458,264 (521,309)-26.3% Expenditures 3,032,661 2,585,818 1,561,009 (1,024,809)-39.6% Net Revenues Less Expenditures (881,528)(606,245)(102,745) Water Utility Revenues 24,526,000 28,209,235 29,438,960 1,229,725 4.4% Expenditures 21,654,832 26,577,932 28,004,249 1,426,317 5.4% Net Revenues Less Expenditures 2,871,168 1,631,303 1,434,710 Sewer/Drainage Utility Revenues 53,289,642 54,240,288 57,343,023 3,102,735 5.7% Expenditures 50,599,649 49,060,469 56,879,160 7,818,691 15.9% Net Revenues Less Expenditures 2,689,993 5,179,819 463,863 Solid Waste Utility Revenues 774,072 754,868 799,794 44,926 6.0% Expenditures 471,180 577,964 812,476 234,512 40.6% Net Revenues Less Expenditures 302,892 176,904 (12,682) Golf Complex Revenues 2,475,682 3,027,079 9,229,538 6,202,459 204.9% Expenditures 3,188,762 3,081,308 6,467,553 3,386,245 109.9% Net Revenues Less Expenditures (713,080)(54,229)2,761,985 Fleet Services Revenues 4,769,001 5,480,210 5,686,534 206,324 3.8% Expenditures 3,974,431 4,164,630 7,286,339 3,121,709 75.0% Net Revenues Less Expenditures 794,570 1,315,580 (1,599,805) Central Services Revenues 382,444 350,602 375,410 24,808 7.1% Expenditures 399,786 290,147 357,253 67,106 23.1% Net Revenues Less Expenditures (17,342)60,455 18,157 Debt Service Funds Enterprise Funds Internal Service Funds 2017 revenues down due to inclement weather conditions in Q1. 2018 includes $6m sale of land and $3.3m transfer to capital projects. Page 13 of 14 8.b Packet Pg. 48 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) 2016 2017 2018 thru December thru December thru December Operating revenues and expenditures only; capital and non-capital projects are excluded. December 2018 Monthly Financial Report City of Kent, Washington Other Funds Overview (Revenues and Expenditures) Year-to-Year Month Comparison 2018-17 Variance Information Technology Revenues 7,717,834 8,173,478 8,416,261 242,783 3.0% Expenditures 6,905,076 8,175,302 8,676,906 501,604 6.1% Net Revenues Less Expenditures 812,758 (1,824)(260,645) Facilities Revenues 5,556,854 4,737,520 4,941,020 203,500 4.3% Expenditures 4,881,741 4,761,950 4,933,077 171,127 3.6% Net Revenues Less Expenditures 675,113 (24,430)7,943 Unemployment Revenues 420,226 167,215 158,565 (8,650)-5.2% Expenditures 126,718 75,154 181,851 106,697 142.0% Net Revenues Less Expenditures 293,508 92,061 (23,286) Workers Compensation Revenues 1,200,476 1,082,091 1,829,452 747,361 69.1% Expenditures 1,436,775 1,013,278 725,048 (288,230)-28.4% Net Revenues Less Expenditures (236,299)68,813 1,104,404 Employee Health & Wellness Revenues 10,688,926 11,707,967 13,857,791 2,149,824 18.4% Expenditures 12,130,696 13,428,552 12,931,931 (496,621)-3.7% Net Revenues Less Expenditures (1,441,770)(1,720,585)925,860 Liability Insurance Revenues 1,447,027 2,087,755 1,950,908 (136,847)-6.6% Expenditures 2,145,627 2,180,680 2,733,726 553,046 25.4% Net Revenues Less Expenditures (698,600)(92,925)(782,818) Property Insurance Revenues 628,105 556,770 587,906 31,136 5.6% Expenditures 445,135 436,283 632,404 196,121 45.0% Net Revenues Less Expenditures 182,970 120,487 (44,498) 0 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 Special Revenue Funds Enterprise Funds Internal Service Funds Other Fund Revenues thru December 2016 2017 2018 0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000 100,000,000 Special Revenue Funds Enterprise Funds Internal Service Funds Other Fund Expenditures thru December 2016 2017 2018 Page 14 of 14 8.b Packet Pg. 49 At t a c h m e n t : D e c e m b e r 2 0 1 8 M o n t h l y R e p o r t ( 1 7 6 8 : M a r c h F i n a n c i a l R e p o r t ) OPERATIONS COMMITTEE Derek Matheson, Chief Administrative Officer 220 Fourth Ave S Kent, WA 98032 256-856-5712 DATE: May 7, 2019 TO: Operations Committee SUBJECT: Lifeline Audit Status SUMMARY: Staff will provide an update on utility lifeline audit activities, including current status and steps moving forward. SUPPORTS STRATEGIC PLAN GOAL: Sustainable Services 9 Packet Pg. 50