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City Council Meeting - City Council Workshop - 06/18/2024 (8)
Approved City Council Workshop • Workshop Regular Meeting KENT Minutes WAS M IN G 7 0 N June 18, 2024 Date: June 18, 2024 Time: 5:15 p.m. Place: Chambers I. CALL TO ORDER Attendee Name Title Status Arrived Satwinder Kaur Council President Present Bill Boyce Councilmember Present John Boyd Councilmember Present Brenda Fincher Councilmember Present Marli Larimer Councilmember Present Zandria Michaud Councilmember Present Toni Troutner Councilmember Present H. PRESENTATIONS 1 2023 Year-in-Review Report Paula Painter 45 MIN. Finance Director Paula Painter presented the 2023 Year-End Financial Status Report. General Fund Revenue Comparisons were provided Advised numbers reflect the shifting of how taxes are allocated Painter detailed why licenses and permits decreased and fines and forfeitures increased. All Other Fund Spending By Classification were Compared Increases to Salaries is due to the COLA and filling of vacant positions and the increase to Supplies & Equipment is due to the purchase of vehicles. Tax Revenues were Reviewed Property tax increasing steadily Sales Tax - 2021, 2022 and have leveled off during 2023 Utility Taxes steadily increasing City utilities - $1M higher than 2022 - due to cost for services Electric and Gas - $1M higher than 2022 Garbage $650K more than 2022 Decreases in telephone and cable B&O Tax - provided overview of the rate increases REET - drop during 2023 is approx. 55% City Council Workshop Workshop Regular June 18, 2024 Meeting Kent, Washington Minutes ......................................................................................................................................................................................................................................................................................................._............................................................................................................................................................................................................... • Permit and Plans Review Revenue • Building/structure permits Street, curb and other permits Plans review Fire review During 2022 ECD worked on recapturing revenue owed during COVID Capital Spending By Classification Reviewed top 10 project spend during 2020-2023 Michelle Ferguson Financial Planning Manager presented the May 2024 Monthly Financial Report. General Fund revenues are slightly lower, but are anticipated to be $1M over budget by the end of 2024. Other revenues were reviewed Revenues are above 2023 and budget License and permits - higher than 2023 Charges for services - due to fire revenues and permits Fines and forfeitures - higher, due to penalties due to B&O and parking fines Miscellaneous revenues - interest income coming in strong Criminal Justice Fund was reviewed Revenue: School Zones revenue is $100K lower than last year at this time and Red Light camera revenue is coming in very strong - $1.5M higher than last year Councilmanic Debt Service was reviewed Ferguson advised due to a timing issue, the debt service payment was made in May, rather than June. Ferguson reiterated the ongoing increases for insurance funds. Painter provided the General Fund Forecast General Fund History from 2019 - 2024 was reviewed $12.4M increase In 2023, the City was conservative in budget forecast - unsure of what would happen after COVID Overall budged $90.3M in tax revenue - actuals came in at $98.7M Increased for 2024 Charges for services were budgeted at $6.6M - came in at $8.3M Painter advised it is estimated the City will tap into $2M of fund balance in ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Page 2 of 5 City Council Workshop Workshop Regular June 18, 2024 Meeting Kent, Washington Minutes ......................................................................................................................................................................................................................................................................................................._............................................................................................................................................................................................................... 2024. 2025 - 2030 General Fund Forecast was detailed. This will be the start of the creation of the baseline budget. 2025 - adjusted for 4% COLA 2% growth from 2026 - 2030 2025-2026 Biennial Budget Painter talked about considerations: Addressing Structural Imbalance Historically, in the General Fund, revenues have not kept pace with expenditures Property tax is limited to 1% growth (plus new construction) Loss of Streamline Sales Tax revenue to support operating expenditures Loss of Panther Lake Annexation funding Personnel Costs Other Budgetary Impacts Public Safety Public Defenders Garbage Removal/Clean-up Security and Repairs to damaged assets Insurance funds Internal service funds and cost allocations Other unfunded mandates Painter provided details on Cannabis revenues, including those realized from surrounding jurisdictions. 2 2044 Comprehensive Plan: Draft Kristen 30 MIN. Environmental Impact Statement Holdsworth (DEIS) Project Update Long Range Planning Manager Kirsten Holdsworth presented the Draft Environmental Impact Statement for the Comprehensive Plan Holdsworth provided information on SEPA Helps decision makers, applicants, and the public understand how a proposal may affect the environment The process identifies and analyzes probable environmental impacts, reasonable alternatives and potential mitigation Encourages public participation Non-project programmatic EIS studies impacts of growth, it is not site- specific. Infill SEPA categorical exemption for new residential and mixed-use ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Page 3 of 5 City Council Workshop Workshop Regular June 18, 2024 Meeting Kent, Washington Minutes ......................................................................................................................................................................................................................................................................................................._............................................................................................................................................................................................................... development. Holdsworth provided an overview of the SEPA Process Define Project Proposal Update Comprehensive Plan 20-year growth targets for housing and jobs Compliance with Washington State Growth Management Act, PSRC Vision 2050 Multicounty Planning Policies, King County Countywide Planning Policies, and community needs Targets: 10,200 new housing units 32,000 new jobs Land Use Alternatives for Study Alternative 1 - No action Alternative 2 - Nodes and Corridors Alternative 3 - Core with Transit Links Alternative 1: Continues 2035 Comprehensive Plan and maintains the City's existing land use and zoning designations without modifications. Meets housing targets, falls a little short of employment targets. Alternative 2:Focuses growth in the regional growth areas and previously planned growth areas, new corridor growth along Benson and SE Kent- Kangley, and dispersed neighborhood commercial centers through the East Hill area. Meets both targets. Alternative 3: Focuses increased growth in the City's Regional Centers along with modest growth along the Benson Corridor, SE Kent-Kangley Corridor, and East Hill; also includes an assumption of middle housing redevelopment in the city's existing neighborhoods and along transit corridors. Meets both to rgets. New state law, HB 110, requires the city allow 6 of 9 housing types in almost all zones we currently call 'single family" Alternative 1 (no action) assumes no changes are made to land use, zoning, and goals, policies, and code. The 2 action alternatives (2 and 3) assume implementation of the new middle housing law with actual infill development/redevelopment at different levels. Holdsworth reviewed environmental topics evaluated in the DEIS - When the City does DEIS, it is determining a threshold of significance - through assistance from consultants and staff. ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Page 4 of 5 City Council Workshop Workshop Regular June 18, 2024 Meeting Kent, Washington Minutes ......................................................................................................................................................................................................................................................................................................._............................................................................................................................................................................................................... Comprehensive Plan DEIS - Summary of Impacts Need to disclose possible impacts. No action alternative has the most significant impacts because there is less planning. Holdsworth walked the Council through the various impacts, the level of impact, and mitigation recommended for each of the three alternatives. The DEIS can be reviewed at Engage.Kentwa.gov/FutureKent and where hard copies are available. Public Comment can be emailed to Future Kent(aOKentWA.gov <mailto:FutureKent@KentWA.gov>, mailed to the City of Kent or provided at the Land Use and Planning Board Workshop on June 24t" Next steps were reviewed: Round 2 Community Engagement and DEIS 30-day comment period ends July 15, 2024. Project team will review and respond to official DEIS comments and general community feedback Council will select preferred alternative and project team will revise analysis Publish final EIS Update and adopt 2044 Comprehensive Plan Council Discussion: Council agreed with removing Alternative 1 from further consideration as a preferred alternative. Council liked the housing numbers reflected in Alternative 2. Council liked the development around transit reflected in Alternative 3. Meeting ended at 6:32 p.m. Ki4�Ley A. Y,&mcto- City Clerk ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Page 5 of 5 _-� ■ ■ I F NIP— tmusasshi'sd � :� Draftn a t`: ,r;�i, f r+e +FG � e_'�s ail /"� f � NOW' x Impact Statemen , Ai `Fry4 , (DEIS) y i�y'IY City Council Workshop June 18 2024 Ilk _ S�j \ Comprehen ve Plan 2044 r i• �` r 7. \® ' Building Our Future Together r , GoalsforMeeting pr* ~ Recap State Recap three Review Draft Discuss initial MEnvironmental growth Environmental input for Policy Act (SEPA) alternatives Impact Statement preferred (DEIS) findings alternative `, Comprehensive Plan 2044 KENT Building Our Future Together' State Environmental Policy Act (SEPA) • Helps decision makers, applicants, and the public understand how a proposal may affect the environment. • The process identifies and analyzes probably environmental impacts, reasonable alternatives, and potential mitigation • Encourages public participation • Non- Project Programmatic EIS studies impacts of growth, it is not site-specific • Infill SEPA categorical exemption for new residential and mixed -use development '�KENT_ SEPA Process We are here Draft Final Environmental Environmental Determination Land Use Impact Identify Impact of Significance Alternatives & Statement C(De ensive Preferred Statement (FEIS) and Scoping Analysis (DEIS) and Alternative and ption finalized P°licy Comprehensive r 2024)(issued June 26, ( Framework (Summer 2024) 2023) December 2023) Plan (issued June 14, 2024) (Fall 2024) Round 1 Round 2 Round 3 Community Engagement Community Engagement Community Engagement `, Comprehensive Plan 2044 "KENT Building Our Future Together Project Proposal • Comprehensive Plan update • 20-year growth targets for housing and jobs • Compliance with WA State Growth Management Act, PSRC Vision 2050 Multicounty Planning Policies, King County Countywide Planning Policies, and community needs 4) J0J ° 10,200 new housing units 32,000 new jobs ` �K�NT_ Legend 3 Renton City Limits Q Downtown SeaTac Urban Growth Area Q midway Subarea Ono Manufaftring/ Industrial oeNter ?-ZL Metro Frequent Route Sound Transit Express N�% f Metro RapidRde A ++4. Sound Transit Sounder Train it l 9400-1 Metro RapidRi,de I Sound Transit Link m7m (opening in 2025) (opening in 202512026) Trails p Pali and rode La n ation Single Fami{y -dential Mixed Use muftifaOiy nbal Commerci al Mobile Home, IndustrialE _ 1 0 Des Mom Ah Ah Ah 4 Ar eridian 4W 10 Croftar.H;.Js 41#1 10 ON 1= 1 � '� ; f :O f 4* 411� mr.m v t Bridges Neighborhood ....... ........ ................ 7r ------------------ ...... -------------------- Auburn 0 Alternative 2 • . • • - : . . . . - IL Housing Jobs Housing Jobs Housing Jobs Downtown 0 Downtown w 0 Downtown w A Industrial Valley Industrial Valley 0 Industrial Valley Midway w Midway w 0 Midway w n *01D Benson & Kent- Benson & Kent- Benson & Kent- Kangley Kangley A Kangley A East Hill East Hill w East Hi(( n Middle Housing Middle Housing Middle Housing ;I I; ;I I; ffi Additional Additional Additional Capacity 10,510 units 31,738 jobs Capacity 12,752 units 35,037 jobs Ca acit 12,443 units 32,047 jobs p y Legend Mid Renton 0 City Limits Q Urban Growth Area ote on Development Types A NCommercial • 9e�. fxl Mixed Use Industrial ousing - Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . -(;�- Metro Frequent Route :Industrial Valle �� E MetroRapidRideA y �-❑ Metro RapidRide I (opening in 2025) �� 18 {�} Sound Transit Express . .:.: :.:.:.:.:.:.:.:.:.:.:.:. .:.: +++ Sound Transit Sounder Train . . . . . . . . . . . . . . . . . . ■■r �" /� / I Sound ou Transit Link 2 . . . . . . . . . . . ..:.......:.....:..... S (opening in 025/2026) •..... ................ �y :.:.:.:.:.:.:.:.:.:. .:.:.:.:.:.:.:.:.:.: East Hill North . . . .,. . _ 1� t . 4 Modest in fill middle housing development in residential ;^t areas and a greater amount adjacent to transit stops Crofton Hills East Hill South Middle housing provides diverse housing options along the spectrum of affordability, which typically includes multi-unit structures such as duplexes, triplexes, fourplexes, townhomes and cottage clusters. / Auburn ��._ S�� 51fr ,. S4V 47rc S: y543id Y '' •' % - U Industrial • • • • • • • • • • • , r. H 1 • •. . . . . . . . . . . . . . . . . . . d p . . . . . . . . . . . . . . . . . n — coe . . . . . . . . . . . . . . . ._ Valley - Job N t. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . it Angle Lake . Elementary 6 School --. . . y . . . Springbr k ElemenLary r Panther Lake .. �rrl�� �l• .AFl / •.•. - I— Future Park � Chestnut Ridge Park—_....._.—.. �,` • • • Industrial•Valley--------' • '. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o - -- L s,Ml9tfi- - •a. . - ♦� 10% T Panther Lake Emerald dntaark Elementary -1 Elementary Anderson Park School A I s sorttrft Gree b �r%� Yn'iiz__ ! �I __` `+• • , 'n Tree P • A • /!IO/�6_.,. - .. ; . . . . . . . . . . . . . . S 21&h-IM' • Van Norens L - '• Garrison Landing Park •• GNatural Creek Park reen RLver . . . . . . . . . . •.•. . . . . . . . . . . East H i l-r /I f Resources Area l _ — 1 .-,ae� Park orehard p JB Park 1 lIBL111 .167 L lard < Park CM, �, f Ru55ell _ . . • �Eemen[dry Woods Park• . . • . . Turnkey . . . . • . _ 1 _ •!. .� Park •,.�Y4LC�y Me `((,�- ` Neely-O Bnr t• 4' �' IM IM {Spr-1 J /� ar YV kmc � �'� C7am.R East Hill 1I1I� Arbor Heights a! g Elementary 1• 3fi0 Park ■1:�1� „Russell. /�/� fA School i 6 Legend Renton Q City Limits } Q Urban Growth Area ternativAle- Commercial- x dao Development Types �xl � Mixed Use Industrial o Act N *10 Transportation � -1 Metro Frequent Route Industrial Valley " Metro RapidRide A w4-9 Metro RapidRide I Housing Jobs (opening in 2025) g © -Z— Sound Transit Express �AtiA'u� +-1 Sound Transit Sounder Train Downtown s Sound Transit Link (opening in 2025/2026) Industrial Valley East Hill North Midway )✓\ es Moines Benson &Kent- O O wwas va Kangley � w East Hill p p --------- Mid ay a as:,, - 0 0 0 0 0 o t Downown 1 Middle HousingMeekerr st � H r�a� aw i 77 Additional Capacity 10,510 units 31,738 jobs L ; Maintaining the City's � �-� '� � ��Pa 4 ` East Hill South ?° existing land use designations ' r e ,. Manaa ke without modifications" " boo W� 1 Auburn ' Legend Renton 0 City Limits • aT21,,- Urban Growth Area AlternatnreDevelopment Types i Commercial FZZ,. Mixed Use Industrial Nodes C ido - - -� Frequent .lf Metro Fre uent Route : .. �: :.: : Metro RapidRide A Industrial Valley Metro RapidRideI " (opening in 2025) Housing Jobs Sound Transit Express e +HF Sound Transit Sounder Train Downtown O Sound Transit Link (opening in 202512026) a Industrial Valley O r'r East Hill North $ g I New neighborhood centers Midway wj^ iesMoines at several intersection nodes fea in East Hill Benson &Kent- Kongley ° ......... ; East Hill O O — Mid ay Downtown nn Middle Housing ���� o��o o��o Eckcrst, 2, Additional Capacity IZ752 units 35,037Jobs P West Hiii Crofton Hills activity Dispersed centers p y I throu hout the East Hill area r1., East Hill South g ���� and greater intensity in the regional growth areas" Significant growth along Benson Corridor and Kent- Kangley ;r - -- - St 2241h 5L al►. lam_. � i 11 = ast � � __ r� AR � 1�,� • 515 h Park Orchard 'b.' r t '.. �. Park �� v North Park Orc.Partl Meridian Try R .Jaw Schn aCy Meridian I}, ' _. ; Park Fields ...........- Turnkey57 Park — Middle y foal I^ aH� sr 5E 249h 5t East Hill Arbor Heights - l Q Elementary 3%Park School Clark Ca nterhurti - ___ Lakerk t- jr- -.-.... Park i J � w y Morrill East Hill George T.-Dan I Meatlovrs Park Elemen ry I Martin Sortun 57iahst �. Park � �. st_ Elementary 516 �' Scf o Wilson Campus f PlaYfiel s +, 3J Meridian _ Elementary New neighborhood-serving Mill - ! MaL rtl — commercial, multifamily f' Eastridge ice - 1111 j Park development, and mixed-use Seven Hill' —... Oaks Park developments at several u ••• rr s East Hill South r f intersection nodes if 01- Tudor Meritlian Lake Square .—. Millennium - ✓` � Elementa!��, Lake f Meritlian Significant growth along SE7»s r — Y Benson Corridor and Kent- - �z�,st_� a F —y - - Spring + Horizon. Kangley. Higher intensity at M ado-Ritlge lementary Park _(, Meridian .Elementary major intersections moderate r Glen Pa k s� ool s�ool Pine Tree J \�i Elem"" .Green School T View _ intensity elsewhere along : : Park .- corridor Sun Me Bows Legend • Renton 0 City Limits Q Urban Growth Area ternativeaTa Development Types . . . . . . . . . . . . . .. . . . . . . ...... . . . . . . . . . . Commercial fxl Mixed Use Industrial C . . . . . . . . . . . . . . . . . . Transportation witha . . . . .. . . . . -�L Metro Freq ue nt Route . . . . . . . . . . . . . ii Metro RapidRide A : :Industrial Valley .a-zz Metro RapidRide I 'n (opening in Ex ��} Sound Transitit Express +++ Sound Transit Sounder Train s Sound Transit Link "` (opening in 2025/2026) Housing Jobs °°re�� a g Y F„ East Hill North Downtown ■7 ■7 Industrial valley © P Modest in fill middle housing .......:...:.... Midway �� 1; development in residential '47areas and a greater amount Benson &Kent- � - adjacent to transit stops �/ / Kang(ey Mid ay r DoWnto��nrn/ r Meeker St East Hi(( i Middle Housing ;I I; ;I I; °00° West Hill Crofton Hills Additional Capacity 12,443 units 32,047jobs East Hill South Concentrated residential and Greater redevelopment with employment development in more diversity in development Kent's regional growth areas types in Downtown and Industrial Valley Modest growth along i Benson Corridor and Kent- O Auburn Kangley ,,'i I- 515 Park Orchard —� Park • North — — st Hill Park Orryhard Meridian Elementary Park Fields S[hgef Turnkey �._ -------- Meridian ` Middle ol 1 SE 24M St E Hill 1 Arbor Height - Elemm entary� 364 Park a School Clark m Lake Park z9Y N Canterb ry - - . ........ _ Park - � r� �� IgII�� �f t't • Morrill East Hill George T.rani II n Meadows Park El ry Sch of Martin So tun y! —. 5-24&h 5t Park 24BU Elementary -- wa 516 I ` Wilson CampusPlayfel s — a_. Park ent-Merid an gh Sch r Meridian Elementary Mill Cree< 1 — Ma a St hworks � rk err 3� Eastridge l�r Scenic Park Hill Park =A Seven - =.I+g R ark l bill _ East Hill youth Ele entary 5 hool �r J N. sF2G7ni 5 Meridian Lake ` r Tudor °`' � � � Square .� Park Millennium Elementary Lake — I II'11 Modest growth along Meridian uo =.E2n �-�,�/ . HeBenson Corridor and Kent- fail- 1mm�a Kangley. Pringvwood �� Horizon Park Meridian Elementa Elementary School ool Pine Tree Glen Park A. I 1� LW=4 .: Downtown 0 � 41 doNET mm � dp *-4: 1 i - mes OW n ®i Nr YY if�iil6 +rF r� r I 7 r St ■ Environmental Topics Evaluated in DEIS • Plans, policies and regulations • Land use • Earth • Population, housing, and • Water resources employment • Plants and animal • Aesthetics • Cultural, tribal, and historic • Transportation resources • Noise • Air quality • Public services and parks and • Greenhouse gases and energy recreation • Utilities and service systeRk Comprehensive Plan p� '�KENT_ Comprehensive Plan DEIS - Summaryof Impacts TopicEnvironmental A �m (No Action) (Nodes and Corridors) (Core with Transit Links) Significant Impacts 6 3 3 Potentially Significant/ 1 2 2 Mitigation Identified Less than significant 14 15 15 Note: Total is greater than 74 because Public Services and Parks & Recreation includes 4 topics and Utilities includes 5. `, Comprehensive Plan 2044 KENT Building Our Future Together' Comprehensive Plan DEIS - Impacts TopicEnvironmental Mi L • . . . - i-ig"orridors) (Core with Transit Links) ,6WM Plans, policies and Significant Impacts No Impacts No impacts regulations Earth Less than significant Less than significant Less than significant impacts impacts impacts Water resources Less than significant Less than significant Less than significant impacts impacts impacts Plants and animals Less than significant Less than significant Less than significant impacts (but out of date impacts impacts policies and regulations) `\, Comprehensive Plan 2044 'K E N:t Building Our Fuher' Comprehensive Plan DEIS - Impacts TopicEnvironmental C (Nodes AWforridAQ, (Core with Transit Links) Cultural, tribal, and Significant impacts Less than significant Less than significant historic resources impacts (with impacts (with mitigation) mitigation) Air quality Less than significant Less than significant Less than significant impacts impacts impacts Greenhouse gases and Less than significant Less than significant Less than significant energy impacts impacts impacts Land use Significant impacts Less than significant Less than significant impacts impacts `, Comprehensive Plan 2044 KENT Building Our Future Together' Comprehensive Plan DEIS - Impacts TopicEnvironmental hm'mL (V&jkctionjdM= (Nodes . . . . j& (Core with Transit Links) Population, housing, Significant impacts Less than significant Less than significant and employment impacts (with impacts (with mitigation) mitigation) Aesthetics Less than significant Less than significant Less than significant impacts impacts impacts Transportation Significant impacts Significant impacts Significant impacts (mitigation (mitigation (mitigation recommended) recommended) recommended) Noise Less than significant Less than significant Less than significant impacts impacts impacts `, Comprehensive Plan 2044 kh66k' KENT Building Our Future Together' Comprehensive Plan DEIS P� V TopicEnvironmental Alternative 3 �..j r. . . . Corridors) Public services and Parks & Recreation • Fire Protection Less than significant Less than significant Less than significant and EMS impacts impacts impacts • Police Protection Potentially significant Potentially significant Potentially significant impacts (mitigation impacts (mitigation impacts (mitigation recommended) recommended) recommended) • Parks Potentially significant Potentially significant Potentially significant impacts (mitigation impacts (mitigation impacts (mitigation recommended) recommended) recommended) • Schools Less than significant Less than significant Less than significant D44 impacts impacts impacts Building Our Future Together L Comprehensive Plan DEIS - Impacts Environmental Topic . . Corridors) Utilities • Water Less than significant Less than significant Less than significant impacts impacts impacts • Wastewater Less than significant Less than significant Less than significant impacts impacts impacts • Stormwater Less than significant Less than significant Less than significant impacts impacts impacts • Solid Waste and Less than significant Less than significant Less than significant Recycling impacts impacts impacts • Other utilities Less than significant Less than significant Less than significant (electrical, impacts impacts impacts natural gas, and telecommunicati D44 ons) r How to view the DEIS Project Engagement Website: Engage. KentWA.gov/Futu reKent Copies are also available for review at: • City Hall Clerk's OfficeCommentperiod • Centennial Building - Permit Center .closes • Kent Downtown Library on Monda r • Kent Commons YF • Kent Senior Center July 15, 2024 �K�NT_ Ways to Provide Comment / Become a Party of Record • Email: FutureKent@KentWA.gov Subject: " Kent 2044 Draft EIS Comments:' • Mail: City of Kent Long Range Planning Department Attn: Kristen Holdsworth "M 0 220 4th Avenue S, mw ml�ent period Kent, WA 98032 closes at 5 PM • Oral Comments at LUPB Workshop on TST on M June 24 at 6 PM (City Council Chambers 2024 and Zoom) L July 15, �K�NT_ Next Steps • Round 2 Community Engagement and DEIS 30-day comment period ends July 15, 2024 • Project team will review and respond to official DEIS comments and general community feedback • Council will select preferred alternative and project team will revise analysis (as needed) • Publish Final EIS • Update and adopt 2044 Comprehensive Plan '�KENT_ Council Discussion 1 . Is Council comfortable removing Alternative 1 from further consideration as a preferred alternative? 2. What do you like about Alternative 2? 3 . What do you like about Alternative 3 ? 4. What additional information do you need to select the preferred alternative? �K�NT_ ,KENT,, Building Our Future Together Questions ? Engag e . KentWA. gov/ Futu re Kent Futu reKent@ K'entWA. Qov 253085605441 27KENT 2 0 2 3 YEAR- END FINANCIAL STATUS REPORT Council Workshop June IR , 2025 City of Kent, WA 'T\aED PRESE Paula Painter, CPA BYFinance Director ■ Michelle Ferguson ■ Financial Planning Manager SPECIAL 0 Kathleen McConnell RECOGNITION ■ Senior Financial Analyst ■ Shane Sorenson ■ Senior Financial Analyst AGENDA 2023 Year - End Financial Report May 2024 Monthly Financial Report General Fund Forecast 2025 - 2026 Biennial Budget Council Workshop 6/18/2024 3 2 0 2 3 YEAR- IND FINANCIAL S TATUS REPORT C� 5� Council Workshop 6/18/2024 �� $ in Millions 9 8 7 6 5 4 3 2 1 _ y o - -1 Licenses &Permits Intergovernmental Charges for Services Fines &Forfeits Interest &Misc ■2021 Actual 0 2022 Actual 0 2023 Actual � � �r 2021-2022 w 2021 Actual 2022 Actual 2023 Actual 2022-2023 i Change % Chaff Taxes 94,818,817 102,274,564 7.86% 98,657,287 -3.54% Licenses & Permits 7,171,129 8,567,857 19.48% 7,478,371 -12.72% Intergovernmental 3,297,871 3,406,561 3.30% 3,310,862 -2.81% Charges for Services 5,299,515 8,492,824 60.26% 8,281,105 -2.49% Fines & Forfeitures 809,293 590,339 -27.06% 823,389 39.48% Interest & N isc 1,192,043 -375,462 -131.50% 6,641,799 1868.97% Total 112,588,668 122,956,683g F lk5,192,813 1 .82% $ in Millions 60 50 40 30 20 10 6L 0 Salaries Benefits Supplies &Equipment Services &Allocations ■ 2021 Actual 0 2022 Actual 0 2023 Actual 2021-2022 - 2021 Actual 2022 Actual 2023 Actual % Gunge % Change Salaries 41,899,013 45,873,188 9.49% 51,292,986 11.81% Benefits 16,692,467 16,913,254 1.32% 17,391,611 2.83% Supplies & Equipment 2,648,482 2,800,164 5.73% 2,930,126 4.64% Services &Allocations 25,487,569 28,915,262 13.45% 30,651,858 6.01% Total 86,727,531 94,501,869 8.96% 102,266,581 8.22% 2023 Actual 2022 Actual 2021 Actual $ in Millions - 10 20 30 40 50 60 70 ■ 18% Required Minimum Fund Balance o Fxcess General Fund Reserves I 2021 Actual 2022 Actual 2023 Actual 18% Required Minimum Fund Balance 19,501,273 23,500,463 21,471,707 Excess General Fund Reserves 28,159,253 28,003,621 42,424,661 Total General Fund Reserves 47,660,526 51,504,084 63,896,368 9� Council Workshop 6/18/2024 �� $ in Millions 120 100 80 60 40 20 Taxes Charges for Services Interest &Misc Licenses &Permits, Intergovernmental, Fines & O 2021 Actual 0 2022 Actual O 2023 Actual Forfeitures 2021 2022 2021-2022 2023 PF2022-2023 Actual AL % Change 1 % Chaff Taxes 37,539,829 40,121,857 6.88% 42,577,068 6.12% licenses &Permits 626,640 569,683 -9.09% 551,429 -3.20% Intergovernmental 10,818,984 9,171,378 -15.23% 10,818,694 17.96% Charges for Services 104,711,095 108,563,563 3.68% 113,166,438 4.24% Fines &Forfeitures 5,098,424 4,491,702 -11.90% 6,010,012 33.80% Interest &Misc 38,982,232 28,596,737 -26.64% 51,322,625 79.47% 17,777,205 191,514,90M-3.17% lW446,266 W.20% 1 $ in Millions 100 90 80 70 60 50 40 30 20 10 Salaries Benefits Supplies &Equipment Services &Allocations O 2021 Actual O 2022 Actual 0 2023 Actual 27T"W 2022 15" 2021-2022 2023 2022-2023 Actual MIMUActual + % Change Actual_ % Change Salaries 28,582,386 30,473,015 6.61% 34,606,019 13.56% Benefits 11,769,238 11,729,696 -0.34% 12,241,565 4.36% Supplies &Equipment 8,092,887 9,655,254 19.31% 15,045,794 55.83% Services &Allocations 84,063,844 89,769,951 6.79% 92,759,405 3.33% - Tom- 132,508,355 141,627,916 P,P,° 154,652,783 9.20% Council Workshop 6/18/2024 22 $ in Millions 40 35 30 25 20 15 10 5 0 Property Tax Sales Tax Utility Tax B&O Tax BEET ■2019 Actual 0 2020 Actual 0 2021 Actual 0 2022 Actual ©2023 Actual 2019 Actual _ 2020 Actual _ 2021 Actual 2022 Actual 2023 Actua Property Tax 30,729,948 31,374,814 32,052,959 32,835,026 33,795,228 Sales Tax 26,370,587 26,816,110 30,758,126 34,518,935 34,676,618 Utility Tax 30,597,119 30,456,615 32,515,785 34,058,671 36,555,880 B&O Tax 12,999,564 14,784,795 17,060,649 19,517,633 20,367,679 REET 9,590,643 6,621,152 10,694,081 10,723,724 4,867,134 Total 110,287,861 110,053,487 123,081,601 131,653,990 30,262,539 $ in Millions 14 12 10 8 6 I 4 2 City Utilities Electric & Gas Garbage Telephone Cable v 2019 J 2020 U 2021 O 2022 v 2023 2019 j ' 2021 M23 City Utilities 10,102,579 10,319,496 10,650,446 10,858,085 11,845,361 Electric & Gas 9,134,135 9,364,111 10,303,133 10,990,466 11,989,134 Garbage 6,883,393 7,708,045 8,234,018 9,102,337 9,752,574 Telephone 2,727,136 1,354,963 1,635,780 1,461,325 1,444,701 Cable 1,749,876 1,710,000 1,692,408 1,646,457 1,524,110 Total 30,597,119 30,456,615 3 2,5 1 5,M PF34,058,67� 36,555, $ in Millions 6 4 2 0 L Building/Structure Permits Street, Qirb &Other Permits Plans Review Fire Review ■2019 0 2020 0 2021 0 2022 ■2023 2019 j ` 2023 Building/Structure Permits 3,171,167 3,148,841 2,958,132 3,104,762 3,216,154 Street, Garb & Other Permits 1,453,163 944,735 1,304,400 1,639,235 1,429,234 Plans Review 4,467,140 2,210,775 3,035,504 5,400,280 4,360,795 Fire Review 2,391,919 1,304,266 2,066,102 2,569,387 2,956,231 Tota 11,483,389 r7,608,617 9,364,139 12,713,663 11,962,413 C� 16� Council Workshop 6/18/2024 16 $ in Millions 30 25 20 15 10 5 owl IMU60�= VLJJFMW= IML0600i_ 2020 Actual 2021 Actual 2022 Actual 2023 Actual ■Street Projects ■Sewer/Drainage Projects ■Parks Projects ■Water Projects MITProjects ■All Other Projects 0 Lop OP Project Spend 2020 Spend Top 10 Project Spend 2021 Spend Top 10 Project Spend 2022 Spe Top 10 Project Spend 2023 Spend `� — jm� 228th Street Grade Separations 10,898,314 West Hill Reservoir 5,286,250 Parks Land Acquisition 7,241,478 North 76th Ave 4,222,525 YMCA/Morrill Meadows 9,291,361 Residential Street Contracted 4,443,367 2022 Contracted Overlays 4,292,757 2023 Pavement Preservation 2,235,850 GRNRA South Pump Station 5,817,692 228th Street Grade Separations 3,688,471 Rock Creek Mitigation Projects 3,949,507 Fast Hill Operations Imprvmts 2,064,111 4th&Willis Roundabout 5,436,307 Driving Range ITI 1,861,950 Downey Farmstead 3,537,599 Jenkins Creek Bridge 1,628,943 76th Ave Road Raising 4,011,919 S 212th(EVH-76th) 1,818,809 6 MG Reservoir Recoating 3,224,177 Morrill Meadows Expans Phase 2 1,429,928 Covid 19 Response-CARES Act 3,521,036 Meeker(Russell to GRE) 1,248,580 West Hill Reservoir 3,068,082 2022 Watermain Replacement 1,256,382 HCMAHR&Payroll System 3,207,932 West Fenwick Park Reno Phase2 1,221,384 Residential Street Contracted 2,807,473 240th Hogan Park Sidewalks 1,183,573 Signature Pointe 2,742,327 Clark Springs Generator 1,113,187 S 212th(City Limits-GRB) 1,422,983 Wa Ave South Pump Station 1,102,417 Residential Street Contracted 2,701,664 2021 Water Main Replacement 1,009,359 DT Place Making-Eherson 1,386,619 West Hill Reservoir 1,085,022 Upper Mill Creek Dam 2,465,504 4th&Willis Place making-Inds cp e 1,005,777 Police Buildings 1,121,493 21-23 Ped/Bicycle Safety Prog 960,570 Total of Top 10VW 50,094,055 Total of Top 10 � 22,697,134 Total of Top 10 �� 32,052,168 Total of Top 10 � 17,169,321 Top 10 as % of Total Spend 61.9% Top 10 as% of Total Spend 52.7% Top 10 as% of Total Spend 62.50 Top 10 as % of Total Spend 44.7% Total 2020 Project Spend 80,922,284 Total 2021 Project Spend 43,097,615 Total 2022 Project Spend 51,244,936 Total 2023 Project Spend 38,399,053 i MAY2024 MONTHLY . . FINANCIAL REPORT polo• • , , 0 tlPrior Year Budgeted Actual 1 / 1 I • All Revenues Sources 514a,oaoRevenues Revenuer ]anuary 6,450 6,265 7,566 February 6r204 5,288 71320 $100,000 March 9r524 7,094 7,726 .April 16r943 19,457 17,651 May 10,441 9r359 91550 5G01000 June 7,157 6484 0 July 11,L07 9rO84 0 August 9r206 6,958 0 5201000 - September 7r953 6,509 0 so October 17r945 20,204 0 lan Feb Mar Apr May Jun Jul Aug Sep DI Nw Dec November Br109 B,755 0 December 19r976 15,016 0 ■ 240M--d,-23Prelim -4-24Aut TutaI 131,11114 120,975 49,835 Property 520,000 January 0 0 515,000 February L25 102 160 March 648 644 519 April 6r254 610% 6,652 510,000 May 1.378 1r39O 1,194 June 80 311 0 $5,000 July 74 56 0 .August 56 76 0 September 199 270 0 5p October 6,497 5,967 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nw Dec November 648 1,249 0 December 95 100 0 24 Bud-A-23 Prelim-4�24 Act Total 16,653 18,165 3,515 Revi$40 000 535,J]0O - - Revenues - January 2r2O2 2r354 2,635 e rrO00 February 2rOO9 2,772 3,203 MOM March 2r717 2,475 2,529 S15,nw ,puil 2r7II 2,344 2,441 $10.0 - May 2,087 2r740 3,064 $5,o - September 2r833 2,622 0 t� October 2r895 2,668 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Now Dec November 2r975 2,795 0 December 3r889 31235 0 -24 Bud-*--23.Prelim-q-24Act TCAAI 34,915 3>„662 13,873 1 • 530�00 Prior Year dgot)&d Axbuall January 2,517 2,618 2,549 February 2,233 2,187 2,3 B4 4larih 2,272 2,238 2,346 April 2,452 2,386 2,292 515,J100 May 2,209 2,159 2,157 June 1,943 1,%9 0 $19' July 2,308 2,349 0 55,000 August 2,014 2,041 0 September 2,000 2,234 0 50 Dduber 2,116 2,079 0 Jan Feb Mar Apr May Jun Jul Aug Sep Opt Nw Dec November 1,997 2,060 0 December 2,032 2,121 0 24 Bud---23 Prelim+24Act Total 29,153 26,462 11,728 Other s22,008 mom Januaiy 2 67 2 si%o00 February 2 2 20 $15,JJ00 4larih 33 9 0 514,000 April 3,373 3,367 4,19E $1Z000$10000 May 1,772 1,329 953 June 100 138 0 July 3.339 3,543 0 $4,000 August 1,704 1,348 0 $Zppp September 219 145 0 $0 0dtober 3,853 3,784 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nw Der November 988 11093 0 December 6,150 5,637 0 124 Bud f23 Prelim-4-24Act Total 21,536 20,462 5,179 Other (Intergovemmentall,Licenses&Parrnits,Charges for Service,Fines&Forfeits,and Mize Revenues) 539,000 525;000 January 1,728 2,337 2A02 520;000 February 1r236 790 1,553 s15.�B March 3r855 2,316 2,331 $1� April 2r153 1,866 2,068 May 1,99163 1r661 2,i B7 $5' September 2,642 11%9 0 $0 October 2,583 2,607 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nw Dec November 1,501 1,523 0 December 7,810 5,474 0 24Bud L23 Prelim-4-24Act Total 32,357 26,205 10,541 1 I h I Revenues Taxes; Property 17,264,944 8,404,210 8,515,343 111,134 1.3% 52.7% Sales & Use 10,978,428 13,326,017 13,872,867 546.850 4.1% 43.8% 2022. 2023f of thru May thru may ithru May Variance Budget Licenses and Permits 3r518,940 2,799,778 3,5137,219 787,441 26.1% 4 6.2% Intergovernmental Revenue 1 r 3 56,527 1,494,095 1,3 50,159 (143,936) -9.6% 43.4% Charges for Services 2r656,725 2,648,664 3,2-2.5,7914 577,130 21.B% 4 5.8% Fines and Farfeitures 2-70,030 323,481 497,312 173.830 53.7% 65.6% M isce I la nea us Relvenu a 659,622 1 r750,951 1,8 80,775 129.824 7.4% 64.1% Total Revenues 52,008,447 4Jr561,651 49,8S5,226 273,575 0.60io 41.2% Expenditures City Council 123,170 176,263 170,82-0 (7,463) -4.2% 36.1% Administration 759,098 702,701 1,1090100 406,399 57.8% 31.5% Economic &Community Oev 3r041,619 4,218,262 3,736,174 (482,0135) -11.4% 35.1% Finance ir119,465 11442,015 1,301,614 (140,401) -9.7% 33.4% Fire Contrac6Ed Services ir975,070 1,831,444 1.740,401 (91.043) -5.0% 46.4% Human Resources 733,562 837,175 664,125 (173,049) -20.7% 31.3% Law 584,179 526,402 6B0,981 154,578 29.4% 39.2% Municipal Court ir385,282 1,532,077 1,768,04E 235,971 15.4% 39.8% Parks, Recreation &Comm Svcs 7r333,268 8,393,779 9,049,774 655,995 7.13% 37.6% Police 19r741,902 22,248,551 24,931,246 2r682,594 12.1% 42.7% Man-Departmental 2r001,945 2,473,72-5 396,004 (2r077,722) -134.0% 3.9% Total Expenditures 36r6D8r560 44,384,488 45r548,578 1,164rO9'0 2.6% 37.0 r OTHER OMR-\4 EW- YE CDWARISON (page 12) thru May thru May thru May Variance Operating reuenues and expenditures only;capital and non-capi�l projects aim excluded. Special Revenue Funds Skreet Fund Revenues 6,763,128 6,160,375 6,38fi,218 225,8-03 3,7°6 Expenditures 5,155,724 4,359,081 5,767,502 1,348,421 30,9i6 Net Revenues Less Expenditui�s 1,607,405 1,801,294 678,716 lE6FF 1 Retiree 8erte{ts Revenues 418,231 384,619 364,910 {19,709} -5.136 Expenditures 667,070 437,208 464,258 {32,949} -7.556 Net Revenues Less Expen itui�s 188,839 52,589 39,349 Cadging Tax Revenues 364,90$ 98,468 104,053 5,584 5.736 Expenditures 32,4-09 88,845 176,472 87,626 98.6% Net Revenues Less Expen itui�s 332,459 9,623 72,419 YouthJTeen Programs Revenues 460,�21 512,068 567,�87 [4,981} -1.0% Expenditures 2,617 2,758 2,813 Sd 2.0% Net Revenues Less Expen itui�s 457,404 509,316 5D4,274 CapFtaJ Resources Revenues 9,682,683 13,684,947 13,316,733 231,785 1.8°r6 Expenditures 676,325 2,684,864 773,243 {1,367,621} -62.8°r6 Net Revenues Less Expendituitis 9,OD6,358 11,044,083 12,543,494 2024-2023 thru May thru May tjhru May Variance l"F7t7Ntld��USCJC£' F�evenues 4,467r�35 4,490r092 5r�09r051 1r218,959 27.1°� E>�etidihires 3,393r356 3,600r088 �r62�r593 1r024,505 28,5�6 Net F�evenues Less Expen itui�:s 67dr058 890r003 ir084r458 Revenues Expenditures 819,712 1,676,176 667,734 (1,6LY8,442} -6�.2% Net Revenues Less Expenditures {814,712} {1,674,781] [667,734] Admissions Tax revenues received quarterly{April,July,September,]anuaiy} Impact Fee Fund Revenues 1,072,394 473,586 392,454 {81,130} -17.156 Expenditures 659,155 422,456 371,473 {50,983} -12.1,6 Net Revenues Less Expenditures 413,239 51,123 20,976 OYher Operatrrtg Revenues 16,85� 12,256 - {12,250} -1��.0% Expenditures 365,415 1,989,768 1�,925 [1,978,843} -99.5% Net Revenues Less Expen itw�s 348,565 1,977,518 18,925 Combines several small programs,induding City Art Program and Neighboifiood Matching Giants Council Workshop 06/18/224 OTHER OkERM EW- YE CDWARISON (page 13) Operating revenues and expenditures only;capital and non-capital pinjeds are excluded. 2024-2023 thru May thru May thru May Variance Councilfrranic Oeb�5erv�ce Revenues - - 735r478 735,478 Ex1.e11 LIL : 1f1,426 1'3r181 731r478 71 ,297 3713,5° Net Revenues Less Expenditures (16,4z6) (19r181) a�0aa Enterprise Funds Expenditures 2,721 Net Revenues Less Expenditures 31,335 109,204 19d,766 water Ilrility Revenues 10,086,3'84 11,812,175 12,679,21d 8fi7,039 7.3% Expenditures 7,Oli,d.5fi 9,352,3fi7 16,618,378 fi66,011 7.1% Net Revenues Less Expen itunes 3,068,928 2,454,807 2,660,835 Sewer 1ltiiity Revenues 1d,626,25fi 15,829,338 17,OSS,8�1 1,259,4fi2 8.0% Expenditures 13,338,995 14,436,122 17,254,391 2,818,254 19.596 Net Revenues Less Expenditures 1,28i,260 1,393,216 [165,594} Drainage Ilrllily Revenues l0,OZ9,584 10,995,033 11,827,1d5 832,112 7.6% Expenditures 6,630,SA8 6,780,553 7,111,530 331,057 d.4% Net Revenues Less Expenditures 3,398,736 4,214,d70 4,715,514 Solid Waste Utility Revenues 325,717 421,157 391,749 {Z4,408) -7.0% Expenditures 519,720 440,7d2 471,555 34,82d 7.0% Net Revenues Less Expe Mures 144,003 14,586 79,817 Golf Complex Revenues 1,034,fifi2 L,101,d26 1,269,133 158,7�7 1A.4% Expenditures 1,159,227 1,250,5d6 1,275,523 15,877 1.356 Net Revenues Less Expe Itures 114,5fi5 154,221 16,39� Internal Service Funds Flee[Services revenues Z,dZ6,373 3,A15,771 3,176,003 [234,7fi8) -7.0% Expenditures 2,035,733 3,588,fi89 2,625,d73 {962,Z1fi) -25.896 Net Revenues Less Expen itunes 390,fid0 172,918 549,530 Central Services Revenues 111,119 144,359 iZd,585 {14,583} -13.6°r6 Expenditures 88,855 104,dd8 1�9,941 [3,547} -3.4°r6 Net Revenues Less Expenditures 22,2fi2 39,422 23,786 MUM",logy Revenues A,065,7d2 d,595,3fi3 5,152,SZd d57,ifi1 9.7% Expenditures d,564,dfi5 5,266,114 5,675,779 dfi9,6fid 9.0% Net Revenues Less Expenditures {49.8,723) [510,752} [523,255} 23 Council Workshop 6/1 I OTHER FUNDS OMRM EW- YEAR-TO-YEAR CDWARISON (page Operating revenues and expenditures only;capital and non-capi�l piajects are excluded. Facilities Revenues 2,331,922 2,5fi5,6fi1 2,925,843 3fid,182 14.0",6 Expenditures 1,985,474 2,735,785 2,373,021 {362,764} -13,396 Net Revenues Less Expenditures 346,4d8 (17U,123J 552,822 Unemployment Revenues fi7,54S 82,U77 90,381 8,304 1a,196 Expenditures 62,159 118,787 91,242 (27,5-05} -23,296 Net Revenues Less Expen itunes 5,477 36,710 8fi2 Workers Compertsatian Revenues 635,6d0 825,883 1,277,394 451,511 64,796 Expenditures 991,4d9 1,192,362 1,Od2,966 [189,386} -16,936 Net Revenues Less Expenditures (355,910} (366,d70) 27d,d28 Errrplayee Health&Wellness Revenues 6,697,793 6,996,040 7,341,339 345,299 4,936 Expenditures 5,744,460 6,246,-0-04 6,756,748 S1d,317d 8.2% Net Revenues Less Expendikures 953,3d3 749,696 584,591 lia6llity Insurance Revenues 1,385,190 1,849,933 2,544,429 694,497 37,536 Expenditures 2,389,829 2,902,544 4,Odd,926 1,098,382 37.836 Net Revenues Less Expen itui� 1,Od4,639 1,052,611 1,456,497 Property Insurance Revenues 325r910 398,269 614,644 216,376 64,396 Expenditures 399,6dfi 424,626 559,552 134,926 Net Revenues Less Expenditures [73,736} [26,356) 55,�92 Other Fund Revenues thru May tether Fund Expenditures thru May as,000,000 so,00a,000 ao,oao,000 25,000,000 30,000,000 •2012 ■2i122 IS,006,0�0 - IU,000,000 u 2Q24 10 ppQ ppp _ u 2024 S,D04,0�9 - 4 � 5pec�1 Enterprise Internal Special Enterprise Internal Revenue Funds Service Funds Revenue Funds Service Funds Funds Funds 1 , Council Workshop 6/18/2024 25 BEQNNING FUND BALANCE $ 23,750 $ 33,990 $ 41,970 $ 47,660 $ 51,500 $ 63,880 Revenues Taxes Property 30,730 31,375 32,053 32,840 16,050 16,170 Sales Tax 27,121 23,630 24,829 27,940 34,920 31,680 Utility 19,600 18,971 20,263 21,050 26,150 26,460 Business &Occupation Tax 13,000 14,785 17,061 19,520 20,370 19,580 Other Taxes 964 418 614 930 1,170 880 Licenses and Permits 7,484 7,223 7,171 8,570 7,480 7,760 Intergovernmental Revenue 6,646 3,197 3,322 3,410 3,310 3,110 Charges for Services 7,997 3,658 5,300 8,490 8,280 7,050 Fines and Forfeitures 1,289 777 809 590 820 760 Mscellaneous Revenue 3,587 1,955 1,192 (380) 6,640 2,930 Transfers In 984 4,820 1,317 11,450 6,490 4,590 Total Revenues 119,402 110,809 114,056 134,400 131,670 120,960 Expenditures Salaries 42,273 40,413 41,908 45,870 51,290 55,160 Benefits 17,178 16,953 16,692 16,910 17,390 19,530 Supplies 2,508 2,169 2,562 2,620 2,680 3,270 Services &Allocations 27,343 22,602 25,428 28,920 30,650 35,690 Vehicles &Equipment 46 207 82 180 250 160 Transfers Out 19,816 20,485 21,613 36,060 17,020 9,280 Total Expenditures 109,164 102,829 108,285 130,560 119,290 122,930 Change in Fund Balance 10,238 7,980 5,771 3,840 12,380 (1,970) ENDING FUND BALANCE $ 33,988 $ 41,970 $ 47,741 $ 51,500 $ 63,880 $ 61,910 BEGFM4NG FUND BALANCE $ 61,910 $ 60,680 $ 56,650 $ 49,680 $ 43,650 $ 35,050 Revenues Taxes Property 16,500 16,840 17,190 17,550 17,910 189290 Sales Tax 33,470 34,300 35,160 36,030 36,930 37,850 Utility 26,980 27,290 27,610 27,940 28,290 28,640 Business &Occupation Tax 22,970 23,090 23,200 26,720 26,850 26,990 Other Taxes 890 900 910 920 930 940 Licenses and Permits 8,270 8,390 8,510 8,630 8,750 8,880 Intergovernmental Revenue 3,020 3,040 3,070 3,100 3,130 3,160 Charges for Services 7,410 7,480 7,550 7,610 7,680 7,750 Fines and Forfeitures 760 760 760 760 760 760 Mscellaneous Revenue 2,930 2,930 2,930 2,930 2,930 2,930 Transfers In 1,580 1,590 1,600 1,620 1,640 1 660 Total Revenues 124,780 126,610 128,490 133,810 135,800 137,850 Expenditures Salaries 57,670 59,410 61,190 62,720 64,290 65,900 Benefits 20,330 21,090 22,140 22,910 23,710 24,540 Supplies 3,330 3,400 3,470 3,550 3,630 3,710 Services &Allocations 37,150 39,010 40,770 42,600 44,520 46,520 Vehicles &Equipment Transfers Out 7,530 7,730 7,890 8,060 8,250 8,450 Total Expenditures 126,010 130,640 135,460 139,840 144,400 149,120 Change in Fund Balance (1,230) (4,030) (6,970) (6,030) (8,600) (11,270) ENDING FUND BALANCE $ 60,680 $ 56,650 $ 49,680 $ 43,650 $ 35,050 $ 23,780 Council Workshop 6/18/2024 28 S rTRU I MBALANCE • Historically, in the General Fund , revenues have not kept pace with expenditures • Property tax is limited to 1 % growth (plus new construction) • Loss of SST revenue to support operating expenditures • Loss of Panther Lake Annexation funding Council Workshop 6/18/2024 29 PERSONNIIL (DSTS • TEAMSTERS 117 'Nonre resented in,,L P -A / ��c t 1'alicc Ofcus AssG .- Council Workshop 6/18/2024 30 OTHER BUDGErARY I MPACIFS • Public Safety • Public Defenders • Garbage Removal/ Clean-up • Security and Repairs to Damaged Assets • Insurance Funds • Internal Service Funds and Cost Allocations • Other Unfunded Mandates 31 Council Workshop 6/18/2021 2 0 2 5 - 2 6 BI SNM AL BUDGET • REVENUES • Property Tax • Sales Tax • B&O Tax • Utility Taxes • EXPENDITURES • CDI-,,Xs • 2 % Increase to Supplies and Services • Adjustments for Contractual Agreements • Internal Service Funds / Allocations 32 Council Workshop 6/18/2021 Marijuana Excise Tax 2022 Revenue Distribution Auburn 2431619 Bellevue 3681956 Burien 1611817 Covington 1011862 Kirkland 2321298 Maple Valley 731821 Renton 2891291 QUES TI ONS • Council Workshop 6/18/2024 3 4