REPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA

Transcription

1 CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA To: Honorable City Council Date: January 1, 212 From: Richard A. Leahy, City Manager By: Jim Katica, Finance Director Subject: Treasury Report for November 211 ISSUE: Shall the City Council receive the Treasury Report for November 211? RECOMMENDATION: To receive the Treasury Report for the month of November 211. BACKGROUND/DISCUSSION: This report includes REVISED BUDGET ESTIMATES for revenue and expenditures approved as part of the Mid-Biennium Amendment. Revenues and expenditures are reported through November, 211 (46% through the biennium). Total Operating Revenues Through November of 211, operating revenues continue to be slightly ahead of projections. Primary Tax Revenues Sales tax revenues for the second month in a row showed modest improvement. Retail and food service represent 49% of our sales tax revenue. Both categories are about 4% higher than 21 levels. Property Tax collections are in line with projected revenue. Utility taxes continue to be off about 5% from forecast, while admission taxes are somewhat higher than expected. Construction -related Revenues Real Estate Excise Tax (REET) revenue has already exceeded the 211 forecast due to commercial property sales. The margin of actual revenue over projected revenue is narrowing, and if this continues, REET will likely end the biennium just slightly higher the budget estimate. Single family home sales continue to be slow. Expenditures Operating expenditures are about 13% lower than budgeted. As the legislature continues to wrangle with State budget cuts, the impact on the City remains uncertain. In the first quarter of 212, staff will return with a review of long range forecasts, focused on developing a plan to meet future operating needs. RECOMMENDED MOTION: I MOVE TO RECEIVE THE NOVEMBER TREASURY REPORT. Attachment 1: November 211 Treasury Report

2 ATTACHMENT 1 Treasury Report November 211 City of Woodinville, Washington rd Avenue NE Woodinville, Washington

3 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs To Date Jan-11 $348,916 $344,438 Feb-11 $79,5 $812,22 Mar-11 $1,255,95 $1,272,624 Apr-11 $1,571,827 $1,584,235 May-11 $1,97,838 $1,979,898 Jun-11 $2,468,189 $2,482,97 Jul-11 $2,837,639 $2,878,835 Aug-11 $3,268,271 $3,39,152 Sep-11 $3,792,347 $3,88,76 Oct-11 $4,176,543 $4,192,946 $12,, $ 1,, $8,, $6,, A A ct u a I Pd Sales Tax Comparison (including SST mitigation) Nov-11 $4,593,389 $4,588,637 Dec-11 $5,126, Jan-12 $5,444,576 Feb-12 $5,847,761 Mar-12 $6,277,63 Apr-12 $6,566,81 May-12 $6,93,442 Jun-12 $7,389,433 $4,, $2,, 1-1 CO CO CU LJ a ((3., K-1 5 r J CL < 2 r I ti r,l1 < (1) Jul-12 $7,726,757 Aug-12 $8,119,943 Sep-12 $8,63,382 Oct-12 $8,954,169 Nov-12 $9,334,768 Dec-12 $9,826, To Date Jan-11 $4,494 $4,91 Feb-11 $22,17 $22,249 Mar-11 $85,219 $93,79 Apr-11 $86,388 $72,64 May-11 $1,58,252 $1,57,174 Jun-11 $1,527,164 $1,516,847 Jul-11 $1,53,672 $1,519,52 Aug-11 $1,538,17 $1,521,24 $7,, $6,, $5,, Property Tax Comparison dr.e.e7.# A-- Sep-11 $1,585,761 $1,547,511 Oct-11 $2,497,458 $2,194,97 Nov-11 $2,94,132 $2,99,523 $4,, $3,, Dec-11 $2,916,691 Jan-12 $2,921,279 Feb-12 $2,939,166 Mar-12 $3,3,681 Apr-12 $3,739,839 May-12 $4,456,289 Jun-12 $4,475,595 Jul-12 $4,479,175 Aug-12 $4,486,829 Sep-12 $4,535,49 Oct-12 $5,466,53 Nov-12 $5,881,18 Dec-12 $5,894, $2,, $1,, LL a '-I NJ, 4.1 OJ 3

4 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs - continued Jan-11 $87,683 $89,371 Feb-11 $196,28 $176,39 Mar-11 $292,821 $285,545 Apr-11 $385,277 $356,96 May-11 $477,129 $438,435 Jun-11 $554,797 $515,992 Jul-11 $627,316 $597,146 Aug-11 $75,53 $67,648 Sep-11 $776,29 $743,239 Oct-11 $85,972 $822,98 Nov-11 $931,24 $894,881 Dec-11 $1,9,123 Jan-12 $1,96,11 Feb-12 $1,183,142 Mar-12 $1,267,798 Apr-12 $1,352,119 May-12 $1,446,787 Jun-12 $1,534,712 Jul-12 $1,584,716 Aug-12 $1,689,745 Sep-12 $1,751,582 Oct-12 $1,817,472 Nov-12 $1,86,51 Dec-12 $1,957,38 $2,5, $2,, $1,5, $1,, $5, c1 c-1 CO a) U- ci Utility Tax Comparison A- Actual 2 1-1,-1 c-i CV N ra N ra N ra NI NI NI (,) 1-1 t-i c-1 tjp a ci (1, 7 a) o ro a, co (a 3 al < Z < 2 < z o Jan-11 $1,537 $7,98 Feb-11 $12,792 $11,385 Mar-11 $24,439 $114,194 Apr-11 $32,716 $125,678 May-11 $38,78 $132,649 Jun-11 $48,866 $151,65 Jul-11 $69,577 $165,946 Aug-11 $85,26 $19,2 Sep-I1 $19,64 $2,93 Oct-11 $12,587 $211,772 Nov-11 $141,385 $223,291 Dec-11 $158,246 Jan-12 $179,812 Feb-12 $189,71 Mar-12 $23,317 Apr-12 $227,121 May-12 $243,93 Jun-12 $265,949 Jul-12 $285,915 Aug-12 $292,773 Sep-12 $34,248 Oct-12 $319,97 Nov-12 $331,487 Oec-12 $35, $4, $35, $3, $25, $2, $15, $1, $5, Real Estate Excise Tax Comparison (each 1/4%) A- Actual " " c a) Q 7 a) e, cu - 1 c-1 IN NI NI NI NI r.,) NJ NI NI NI NI NI ry T-1 e-i a!aa CL g c do fa ), cu t e, < 2 - < z LL 2 < 2 < z

5 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs - continued Jan-11 $2,542 $741 Feb-11 $5,84 $1,588 Mar-11 $7,626 $14,32 Apr-11 $1,168 $18,624 May-11 $12,71 $18,624 Jun-11 $15,252 $2,339 Jul-11 $17,794 $28,191 Aug-11 $2,336 $31,288 Sep-11 $22,878 $31,288 Oct-11 $25,42 $31,228 Nov-11 $27,962 $31,288 Dec-11 $3,54 Jan-12 $32,87 Feb-12 $33,67 Mar-12 $35,253 Apr-12 $36,836 May-12 $38,419 Jun-12 $4,2 Jul-12 $41,585 Aug-12 $43,168 Sep-12 $44,751 Oct-12 $46,334 Nov-12 $47,917 Dec-12 $49,5 $45, $4, $35, $3, $25, $2, $15, $1, $5, Traffic Impact Fees Comparison "ml, -A- <-4 N r r NJ NJ N4 N rq c--1,- 71 rri =I c =I.6 L 1S.. 4' _n -L to a, - = " (1, ro a o u_ 2 a 2 < v_2.<2 < o Jan-11 Feb-11 Mar-11 Apr-11 $3, May-11 $3, Jun-11 $3, Jul-11 $3, Aug-11 $6, $3,175 Sep-1 1 $6, $3,175 Oct-11 $6, $3,175 Nov-11 $6, $3,175 Dec-11 $6, Jan-12 $6, Feb-12 $9, Mar-12 $9, Apr-12 $9, May-12 $12, Jun-12 $15, Jul-12 $15, Aug-12 $18, Sep-12 $21, Oct-12 $22, Nov-12 $22, Dec-12 $22, $1, $9, $8, $7, $6, $5, $4, $3, $2, $1, Park Impact Fees Comparison ezzd,, A IV:1716( 1--1 c-i -I 1 a., CL < c-1 ci 1-1 x-1 al J) 7//giffia N c4 CV IN CV N CV CN1 cy r-i c-i T N-1 4 $. 6 OD 6 4 O Z 1.1 2<2--, - <,-)Oz co a, al U ) 5

6 - - - City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs - continued Jan-11 $34, $34,411 Feb-11 $68, $63,55 Mar-11 $78, $132,563 Apr-11 $18, $178,988 May-11 $138, $237,991 Jun-11 $168, $269,474 Jul-11 $198, $296,548 Aug-11 $212,254 $358,783 Sep-11 $264,58 $45,411 Oct-11 $326,762 $452,649 Nov-11 $369,16 $491,26 Dec-11 $416,9 Jan-12 $446,9 Feb-12 $476,9 Mar-12 $56,9 Apr-12 $536,9 May-12 $566,9 Jun-12 $596,9 Jul-12 $626,9 Aug-12 $656,9 Sep-12 $686,9 Oct-12 $716,9 Nov-12 $746,9 Dec-12 $778,323 $2,, $1,8, $1,6, $1,4, $1,2, $1,, $8, $6, $4, $2, Development Services Permits, Licenses and Fees Comparison P". -A-,-q c-1 ci N co - - no u_ < 2 c-1 N r.4 N CA (N (-A N CA , c-i -1, cw 6. tr.n 6. -I., (1.1 CO.1 CL ra < o - a 2 o a o Jan-11 $5,486 $3,218 Feb-11 $1,972 $3,882 Mar-11 $24,286 $14,44 Apr-11 $37,61 $22,791 May-11 $5,916 $33,812 Jun-11 $67,328 $44,535 Jul-11 $77,18 $57,493 Aug-11 $82,718 $118,967 Sep-11 $95,86 $126,832 Oct-11 $18,893 $131,515 Nov-11 $119,936 $133,92 $45, $4, $35, $3, $25, $2, Parks and Recreation Fees Comparison A- Dec-11 $13, Jan-12 $135,696 Feb-12 $141,393 Mar-12 $155,22 $15, $1, $5, Apr-12 $169,47 May-12 $182,873 Jun-12 $199,917 Jul-12 $29,979 Aug-12 $215,898 Sep-12 $229,489 a r-i ) U- 1-1 r-1 a-i,-i 1-1 a-i '"1 CL ;.1 - CL OJ < Vl (L1 z (-4 CA ro.1 U- ti (-A CA s-1 (ti c_ co a 2 - (NI ra CA CA 1-1 co ch. < o Z (NI (-1 Oct-12 $243,8 Nov-12 $254,548 Dec-12 $265, 6

7 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs continued Jan-11 $52,183 $522,192 Feb-11 $1,141,859 $1,96,333 Mar-11 $1,748,44 $1,77,344 Apr-11 $2,911,242 $2,894,346 May-11 $4,134,315 $4,213,713 Jun-11 $4,746,326 $4,921,65 Jul-11 $5,261,999 $5,487,99 Aug-11 $5,991,849 $6,19,966 Sep-11 $6,63,93 $6,844,964 Oct-11 $7,76,259 $7,997,391 Nov-11 $9,29,462 $9,214,874 Dec-11 $9,98,662 Jan-12 $1,364,957 Feb-12 $1,916,97 Mar-12 $11,449,357 Apr-12 $12,447,56 May-12 $13,82,233 Jun-12 $14,993,183 Jul-12 $15,188,6 Aug-12 $15,769,587 Sep-12 $16,428,347 Oct-12 $17,54,26 Nov-12 $18,722,53 Dec-12 $19,33,63 General Fund, Streets, Parks & Rec, Development Svcs Equipment Repl., Unemployment, Affordable Housing Revenue Comparison ed and Actual $25,, $2,, $15,, $1,, $5,, /Y/ cu < T71 rsi N rsi N N ra N r's1 rs, N r.4 C 7 ost <$.1 (1.) co a.) 5 - < Z LL Jan-11 $55,2 $492,842 Feb-11 $1,53,424 $811,994 Mar-11 $1,634,158 $1,333,27 Apr-11 $2,197,343 $1,72,774 May-11 $2,736,8 $2,14,417 Jun-11 $4,235,918 $3,551,249 Jul-11 $4,962,314 $4,225,29 Aug-11 $5,74,133 $4,95,364 Sep-11 $6,458,774 $5,463,72 Oct-11 $7,16,127 $6,46,716 Nov-11 $7,75,367 $6,682,952 Dec-11 $8,524,268 Jan-12 $9,28,918 Feb-12 $9,832,873 Mar-12 $1,292,943 Apr-12 $1,81,486 May-12 $12,325,386 Jun-12 $12,959,295 Jul-12 $13,645,374 Aug-12 $14,127,654 Sep-12 $14,599,651 Oct-12 $15,881,63 Nov-12 $16,352,272 Dec-12 $17,267,529 $2,, $18,, $16,, $14,, $12,, $1,, General Fund, Streets, Parks & Rec, Development Svcs, Equipment Repl., Unemployment, Affordable Housing Expenditure Comparison ed, Amended and Actual $8,, $6,, $4,, $2,, Flt. A, I ti.--i, I 1--1 r-1, i 71,--i 1.1 co (1) S'5. LL <, I,. i L >.. c ( = 1-1,--i 7 7

8 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs - continued Operating Revenue Operating Exp Jan-11 $522,192 $492,842 Feb-11 $1,96,333 $811,994 Mar-11 $1,77,344 $1,333,27 Apr- II $2,894,346 $1,72,774 May-11 $4,213,713 $2,14,417 Jun-11 $4,921,65 $3,551,158 Jul-11 $5,487,99 $4,225,199 Aug-11 $6,19,966 $4,95,273 Sep-11 $6,844,964 $5,463,72 Oct-11 $7,997,391 $6,46,716 Nov-11 $9,214,874 $6,682,952 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec General Fund, Streets, Parks & Rec, Development Svcs, Equipment Repl., Unemployment, Affordable Housing Revenue vs Expenditures Actual $1,, $9,, $8,, $7,, $6,, $5,, $4,, $3,, $2,, $1,, IL N 1-1 r-i i-i T-1 t-i, a--i 7I I- C a, to o _ m LL 2 a 2 T --,.-1.--, 7 V7 V O 1-1 D --m Operating Revenue A Operating Exp r.1 LJc I (-4 CL Q 2 7 CNI r-i CNI r I r-i L CU L) V).`11 z D 8

9 City of Woodinville, Washington Schedule No. 2: Biennial vs. Expenditures by Department 29/21 29/21 Actual Expenditures 211/212 YTD 211/212 Actual Expenditures Legislative $129,145 $116,38 $149,954 $48,649 Legal $557, $542,832 $688,5 $313,715 Exe cutive $1,495,561 $1,298,167 $2,112,33 $823,817 Administrative $1,715,146 $1,58,452 $1,782,29 $724,223 Law Enforcement $5,544,5 $5,336,295 $6,67,642 $2,198,972 Public Services $1,792,921 $1,526,759 $1,372,213 $565,17 Non-Departmental $85,97 $825,148 $17,796 Street $1,517,731 $1,511,21 $1,7,48 $677,56 Development Services $2,762,24 $2,73,948 $2,334,254 $993,541 Parks & Rec $2,34,28 $1,917,839 $755,49 $295,641 $7,, $6,, $5,, $4,, $3,, $2,, $1,, \ C.. e, a e,c,,;$,s" e, - c, \., c e, c,`> e c e,.6s c, e,'c-\ c, c.*- < -1\c"\c' 'c'c '' 44b. e,,,,c-.,., cf,, s,- re...,,,:z., oc<,,- p e ce'c tr6 g 29/21 211/212 D 29/21 Actual Expenditures IRIYTD 211/212 Actual Expenditures 9

10 Schedule No. 3: City of Woodinville Monthly Revenue/Expenditure Financial Report (General Fund, Streets, Parks & Rec, Development Svcs. Unemployment Affordable Housing) % of REVENUE S OURCES Thru Nov`11 Variance Operations Property Tax $5,894, $2,99,523 49% 4% Sales Tax $8,8, $4,186,73 48% 2% SST Mitigation $1,26, $41,934 39% -7% Other Taxes $56, $26,53 46% 1% Cable TV/PEG Fees /Licenses $379,391 $192,185 51% 5% Grants/Intergov $437, $28,616 48% 2% Other Chgs for Svcs $325,269 $73,463 23% -23% Miscellaneous $251,8 $13,3 52% 6% Subtotal General Fund $17,672,74 $8,362,48 47% 1% Gas Tax $428, $211,296 49% 4% Development Services $778,323 $56,111 65% 19% Parks & Recreation $265, $134,529 51% 5% Admission Tax $38, $179,194 47% 1% Subtotal Other Op Funds $1,851,323 $1,31,129 56% 1% Total Revenue Operations $19,524,63 $9,393,69 48% 2% Debt Service $1,64,76 $267,391 25% EXPENDITURES % of Operations Thru Nov'll Variance General Fund $12,172,92 $4,692,278 39% -7% Street Fund $1,7,48 $677,56 4% -6% Development Services $2,334,254 $956,541 41% -5% Parks & Recreation $755,49 $295,641 39% -7% Unemployment $186, $6,755 33% -13% Equipment Replacement $134,1 $41 % -46% Affordable Housing r Total Expenditure Operations $17,282,713 $6,682,68 39% _7% Excluded: Debt Svc, HoteUMotel, Surface Water, Reserve Funds, CIP Funds 1

11 City of Woodinville, Washington Schedule No. 4: Cash and Investment Activity 211 November 211 October 211 September Beginning Cash & Investments $26,524,597 $26,459,211 $27,49,95 Receipts Deposits $157,819 $239,31 $21,294 King County - ACH $986,63 $855,93 $57,428 State of Washington Wire $439,929 $45,457 $558,187 State Investment Interest Revenue $3,15 $2,359 $2,765 Total Receipts $1,587,366 $1,547,777 $819,674 Total Available $28,111,963 $28,6,988 $27,868,769 Disbursements Claims $525,381 $1,172,461 $1,111,436 Payroll $298,53 $39,93 $298,123 Total Disbursements $525,381 $1,172,461 $1,111,436 Ending Cash & Investments $27,288,52 $26,524,597 $26,459,211 Schedule No. 4: Schedule of Cash & Investments at Month End November October September Cash Bank Accounts (1) $2,7,479 $1,749,967 $1,137,397 State Investment Pool (2) $25,217,573 $24,774,63 $25,321,814 Total Cash and Investment Holdings $27,288,52 $26,524,597 $26,459,211 1) Cash Balances reflect General Ledger Book Balances and not actual bank cash balances. 2) As of November 31, 211, the State Investment Pool provided net earnings rate of.15% Treasury Information source: 4.5% 4.% 3.5% 3.% 2.5% 2.% 1.5; 1.%.5%.% () W C-C/S..;;(.71:!(1111,,,,1 IC:>1.1,-1111,11,,,k1,1_,L-11 y I U1,1_111,M11,11,, Interest. Rate Comparison K's V> V' > Oe' vt-9 N`> 4' CY ti N N ' LG1P Net Earnings Rate II 1 Year T Bilf 3 Month I.- Bill 11

12 City of Woodinville, Washington Schedule No. 5: City of Woodinville Monthly Revenue/Expenditure Report % of CEP RELATED REVENUE SOURCES Thru Nov46% Admission Tax $38, $178,991 47% Real Estate Excise Tax I & II $7, $446,582 64% Utility Tax $1,957,38 $898,91 46% Parks Levy $62, $29,892 48% Park Impact Fees $22, $3,175 14% Traffic Impact Fees $49,5 $32,698 66% Grant $3,33, $22,95 6% Total Capital Projects Revenues $6,473,88 $1,793,189 28% % of CIP RELATED EXPENDITURES Thru Nov46% Street & Sidewalk Projects Overlay $1,4, $692,475 49% Rock Wall I and II $1, $69,39 69% Sammamish Bridge Replacement $7,159, $41,481 6% Wood Duvall $6, $229,623 38% 22/148th Roundabouts $238,722 SR522/ 195th $1,15, $743,774 73% NE 145th Pedestrian Improvements $33, $292,4 89% BNRP $166,176 School Safety Zones $6, % Total Street & Sidewalk Projects $11,24, $2,842,961 25% Parks Projects Sportfields $176,986 Green Brier $62, % Fa sts ide Rails Corridor Study $15, % Park Improvements - Tree Planting $187, $5, 3% Total Parks Projects $399, $181,986 46% Surface Water Projects Chateau Reach Erosion/Sediment Control $261, $32,5 12% 14th/ 175th Street Storm Drain $25, $32,44 16% Sammamish River Outfall Water Quality Imp $45, $38,346 9% Misc Drainage Improvements $161, % Total Surface Water Projects $1,32, $12,8 1% Facility Projects Public Works Maintenance Shop $2, $5,12 3% Old Woodinville Schoolhouse RFP $1, % Emergency Shelter Generator $2, % Total Facility Projects $5, $5,12 1% TOTAL CIP Expenses $13,135, $3,132,866 24% 12