BURA BILL. Beaverton Urban Redevelopment Agency. BURA FY Budget Adoption BUDGET IMPACT

Transcription

1 Em 11. BURA BLL Beaverton Urban Redevelopment Agency Beaverton ~ 0 N SUBJECT: FOR AGENDA OF: June 19, 2018 DATE SUBMTTED: June 7, 2018 PROCEEDNG: BURA FY Budget Adoption Public Hearing BURA BLL NO: BURA EXECUTVE DRECTOR: ~~ CLEARANCES: Legal Counsel \j} ;_,_ ~ ~ EXHBTS: Treasurer ~...;, Development l{ 1. Resolution Adopting FY Budget 2. FY Proposed Budget Document BUDGET MPACT Expenditure Amount: $0 Amount Budgeted: $0 Appropriation Required: $0 RECOMMENDATON: Staff recommends that the Beaverton Urban Redevelopment Agency (BURA) Board conduct a public hearing on the proposed budget for Fiscal Year and approve the enclosed resolution to adopt the proposed budget for FY HSTORCAL PERSPECTVE: The FY BURA budget has increased from $8,656,375 to $9,470,611 as proposed for FY NFORMATON FOR CONSDERATON: The BURA Budget Committee met on May 14, 2018, to review, discuss and recommend approval of the proposed budget provided at the Budget Committee for the fiscal year beginning on July 1, The proposed budget contains revenue and expenditures in all three SURA funds: General Fund, Capital Projects Fund and Debt Service Fund. $9,470,611 which includes $4,410,843 for contingency. Total appropriations in the budget are The expected amount oftax increment is $3,659,997. The Budget foresees using none of the Line of Credit for the Central Beaverton parking garage in FY , as a decision on the garage is likely deferred until FY Approximately $1,170,834 will be paid for debt service, principally to the General Fund of the City of Beaverton for shortterm loans authorized by the SURA Board for land acquisition. BURA Bill No:

2 RESOLUTON NO A RESOLUTON ADOPTNG THE BUDGET OF THE BEAVERTON URBAN REDEVELOPMENT AGENCY FOR THE FSCAL YEAR COMMENCNG JULY 1, 2018, MAKNG APPROPRATONS AND PROVDNG FOR A DECLARATON OF TAX NCREMENT WHEREAS, the public hearing on the proposed budget of the Beaverton Urban Redevelopment Agency for FY was advertised and then held on June 19, 2018, as required by law; NOW BE T RESOLVED BY THE BOARD FOR THE CTY OF BEAVERTON URBAN REDEVELOPMENT AGENCY, OREGON AS FOLLOWS: Section 1. The Board of Directors (Board) of the Beaverton Urban Redevelopment Agency hereby adopts effective July l, 2018, the budget approved by the Budget Committee for the Fiscal Year in the total sum of $9,470,611 which is now on file at City Hall in The Beaverton Building, located at SW Millikan Way, Beaverton, Oregon. Section 2. The amounts appropriated for each fund for the fiscal year beginning July l, 2018, are shown below. General Fund Capital Projects Fund Debt Service Fund Materials & Services $1,555,250 Capital Outlay 1,014,334 Transfers 1,319,350 Debt Service 1, 170,834 Continqency 4,410,843 Total $7,285,443 $1,014,334 $1, 170,834 Section 3. The Board of the Beaverton Urban Redevelopment Agency hereby resolves to certify to the County Assessor of Washington County for the Central Urban Resolution No BURA Bill No

3 Renewal Area a request for the maximum amount of revenue that may be raised by dividing the taxes under Section 1 c, Article X, of the Oregon Constitution. Section 4. The Treasurer shall file with the County Assessor of Washington County, Oregon, no later than July 15, 2018, the following documents: (a) an original and one copy of the Notice to Assessor in accordance with the requirements of ORS 457; (b) two true copies of the Budget as finally adopted, certified as such by the City Recorder; and (c) a copy of the notice of publication required by ORS Adopted by the Board this Approved by the Chair this day of June day of June Ayes: Nays: ATEST: APPROVED: Catherine Jansen, City Recorder Jim Mccreight, Chair Resolution No

4 City of Beaverton BURA BUDGET DOCUMENT FSCAL YEAR 2019 FUND: 901 BURA GENERAL FUND ~ 2016 ACTUAL 2017 ACTUAL l'wl DEPT: 03 REVENUE PROGRAM: 0000 ACTUAL REVENUE 2018 BUDGETED 2018 ESTMATE 2019 PROPOSED 2019 RECOMD 2019 ADOPTED AMOUNT FTE EST AMT UNT FTE AMOUNT FTE CLASS: 05 BEGNNNG WORKNG CAPTAL 301 BEGNNNG WORKNG CAPTAL 1,126,527 1,880,963 f 3,135,920 =~l[ 3, 135,920 _JL 3,343,146 ' _J[ 3,443, 146 _!~ 3,443,146 w =~il~s~,~.;11;;1~s' ;., ===,:::1r.w ii i;!,r;i!i;~; 1" r;:fr~,.~. TOTAL CLASS: 05 BEGNNNG WORKNG CAPTAL %' 1, 126,527 1,880, : 3,135, ,135,920 mmm [ 3,343,146! 3,443,146 ' ' CLASS: 10 TAXES 306 NTEREST ON DELNQUENT TAXES [.... ~ 2.ooo :...,~ JL_ ' , DVSON OF TAX NCREMENT REV 3,012,401 3,647,99ir :r 2,000 _L_ 3,443,146 2,000 2,000 ~ ~., 1,489,797 2,013,969 3,012,401 JL 3,647,997 3,647,997 il 502 DV OF TAX!NCR REV PROR YRS,i~ 21~9 ~.~ 11,084_ 8,!100 ~ = =jl_ = 1~9,0J>O fu==..=j O,OOQ, 11!Q.,ooo il 10,000 TOTAL CLASS: 10 TAXES 1,495,581 2,025,879 CLASS: 35 MSCELLANEOUS REVENUES 381 RENTAL OF CTY PROPERTY '. 384 NVESTMENT NTEREST EARNNGS,,,,.,.,... ~......cl... 3,024,401 3,659,997 3,659, J 3,659,997 3,021,401" ==:J[.. 46, , 100, ~ 95,100 _JL:_ 95, 100 " ==:JC.... c:.=ic ir.. 11,796 31,012 i._;t..._ 29,500 72,700 87,000 87,000 JL 87, MSCELLANEOUS REVENUES.....,r ==c=~ , _JL_ 200 JL 200 JL_ 200 TOTAL CLASS: 35 MSCELLANEOUS REVENUES M 'L Jc 12,052 31,114 29, , , JL 182,300 _JL 182,300 CLASS: 45 NONREVENUE RECEPTS 460 LNE OF CREDT PROCEEDS BURA Tuesday, June 05, :08 PM Page 1 of 9

5 City of Beaverton BURA BUDGET DOCUMENT FSCAL YEAR 2019 FUND: 901 BURA GENERAL FUND 2016 ACTUAL 2017 ACTUAL DEPT: 03 REVENUE PROGRAM: 0000 ACTUAL REVENUE 2018 BUDGETED 2018 ESTMATE 2019 PROPOSED 2019 RECOMD 2019 ADOPTED "[ llj~ jl mr 11!~i... ~jd[ 11mW iiwpf11;nl i'ww;1ml llul8wil ll!ljd~111~! jl 1jC 11!~,.jl 1,121,900 TOTAL CLASS: 45 NONREVENUE RECEPTS 1,121,900 TOTAL PROGRAM: 0000 ACTUAL REVENUE 2,634,160 5,059,856 6,187,021 6,279,644 7, 185,443 7,285,443 7,285,443 TOTAL DEPARTMENT: 03 2,634,160 REVENUE 5,059,856 6,187,021 6,279,644 7,185,443 7,285,443 7,285,443 ~ Tuesday, June 05, :08 PM Page 2 of 9

6 ~.,,. _!L City of Beaverton BURA BUDGET DOCUMENT FSCAL YEAR 2019 FUND: 901 BURA GENERAL FUND DEPT: 95 URBAN RENEWAL AGENCY PROGRAM: 0691 BURAADMNSTRATON l:jw 2016 ACTUAL 2017 ACTUAL 2018 BUDGETED 2018 ESTMATE 2019 PROPOSED 2019 RECOMD 2019 ADOPTED ll!h(ll'!o ii 4w,~1m ;e 1t1li' 111\i ;e tlli1li tJiltlllh' 11mir 11 m n mwr lllsi.i'' CLASS: 10 MATERALS & SERVCES V 307 MEMBERSHP FEES... 1c,, ~?SO 11 ]fmtmm ! ADVERTSNG.RECORDNG & FLNG 321 TRAVEL.TRANNG & SUBSSTENCE 387 GENERAL LABLTY NSURANCE ~ "' lf' PROPERTY NSURANCE ~ w, ~ 480 PROPERTY TAX EXPENSE 497 DEBT SSUANCE COST 71,900 w 506 AFFORDABLE HOUSNG PROGRAM ~c 5oo;; '.Ji., ~,...,,,......,,.. 5,000 5,000 5,000 ~ 5,000 ~L 5,000 4,000. m mm T m. 4,000 ~ 7,000 r i 7,000, r 'L2,667 _..._ 20,ooq ~ 2q,ooo ~ ==:===~~ 1111 l!tr 200,000 1 ''''' l JC 200,0001 ~"""l: 300,000 ii 300,000 ~ 200, TENANT MPROVEMENT PROGRAM 1Q,754,,@ ~~ 38,72Q =c. J 410,1?7 =.=.JC 4 10,46~ : =:11 185,00Qt 270, ,000 w 509 ACQUSTON DUE DLGENCE EXP! 83, ,000 1.Q0,000 c: 150,00_9 _.JC 150,000 _JL 150, '.l PROFESSONAL SERVCES.r 11,419 5,732 51,000'.c 51,000 =:JC 46,000 if =:JC 46,000 JL 46, BUSNESS STOREFRONT MPROV EXP 30,41 _1 = 518 PROPERTY MANAGEMENT EXPENSE,..._ 519 DEV. FEASBLTY ASSSTANCE 102,297 ~ 306,727 c 306,207 =:JC 50,000 _J 50!000 ~JL. 50,000,_,. ~... c 110,000 ==1= 135,000 50,000 _JL 150,000 JL...J50,ooo 130,391 1, 176,757 r _ ii 400,000 =ir 347, , ,000 Tuesday, June 05, :08 PM Page 3 of 9

7 ~ ~ City of Beaverton BURA BUDGET DOCUMENT FSCAL YEAR 2019 FUND: 901 BURA GENERAL FUND DEPT: 95 URBAN RENEWAL AGENCY PROGRAM: 0691 BURAADMNSTRATON awz 2016 ACTUAL 2017 ACTUAL 2018 BUDGETED 2018 ESTMATE 2019 PROPOSED 2019 RECOMD 2019 ADOPTED i"''"'ti'p1 =11"1 T1T~11:":_ ~... ~i'~j:ro: ~ r~,rw"' _ r.r,~1"'11"'~1"!i~._ ~i'=_ '::l'''::l 1 ; RENTS AND LEASES 559 STREETSCAPE ENHANCEMENT EXPENSE '"'w""r =11"11T1,.,~1~ ru w :r..) CJw i1 ;1w1111u1wai 'tir 1 1\1 a9 *'wr 1 1~1 il 9 4,200 c== 5,000 JL~. 5,000 1 _JL_ 5,000 JL_ 5,000.~ ic==_ =c:~ 200, ,000 _L 200,000 JL 200,000 TOTAL CLASS: 10 MATERALS & SERVCES 183,478 1,678,915 _.:=][~ 1,913,644 _,_J[ 1,401,591 :.. J[ 1,259,250 J_ 1,555,250 _JL 1,555,250 CLASS: 25 TRANSFERS 801 TRSFR TO GENERAL FD OVERHEAD 59,719 30, TRSFRS TO REPROGRAPHCS FUND 839 TRANSFER TO BURA DEBT SVC FUND ii 510,000 '' ",,... ~~ JL 139,435 _J 127,228 [.,..._ 2,752 TOTALCLASS: 25 TRANSFERS 569,719 ~ 245,022 1,447,t14 CLASS: 30 FUND BAUCONTNGENCY/RESERVES. ' ~ 991 CONTNGENCY UNRESERVED ,854 JL 146,854 _JL 146,854 2,752 1,662 JL_ 1,662 _JL_ 1, ,911 1,304, 927 ~ 1,3Q4,927,. Jl 1,040,834: Ji 1,170,834 1,170,834.. ~.r TOTAL CLASS: 30 FUND BAUCONTNGENCY/RESERVES TOTAL PROGRAM: 0691 : k 1,434,90? ~!!_ ~ 1,189,350 JL 1,319,~50 1,319,350 _._...)_ 2,826,263 4,736,843' 4,410,843 1i 4,410,843 2,826,263 ~ il:: 4,736,843;! 4,410,843 ' 11 4,410,843 BURAADMNSTRATON 753,197 1,923,937 6,187,021 J~ 2,836,498 7,185,44~. L 7,285, ,285,443 ' TOTAL DEPARTMENT: 95 URBAN RENEWAL AGENCY 753,197 1,923,937 6,187,021.l 2,836,498,J 7, 185,443 7,285,443 TOTAL FUND: 901 BURA GENERAL FUND REV 2,634,160 5,059,856 j EXP 753,197 ir' L 'L...,., ~~r 6,187,021,[ 6,279,644 [ 7,185,443 ~_ J 7,285,443 7,285,443 :=][ 7,285,443 1,923,937 ~l 6,187,021 ;[ 2,836,498. [ _7,185,443 _J[ 7,285,443 r 7,285,443 Tuesday, June 05, :08 PM Page4 of 9

8 City of Beaverton BURA BUDGET DOCUMENT FSCAL YEAR 2019 FUND: 902 BURA CAPTAL PROJECT FUND DEPT: 03 REVENUE PROGRAM: 0000 ACTUAL REVENUE l~! 2016 ACTUAL 2017 ACTUAL 2018 BUDGETED 2018 ESTMATE 2019 PROPOSED 2019 RECOMD 2019 ADOPTED 'u[11 n _ i +'it 1 1~1 i _lli1m' 1 1s a +il'mj u mw, t'm 11 muc 1u~ a mwr 1 1~i a CLASS: 45 NONREVENUE RECEPTS 453 LOAN FRM CTY OF BEAVERTON 510, LNE OF CREDT PROCEEDS BURA _, r ~ '! 183, ,164,427 1r 1,800,000 ' ,421!C 884,334 [ 1,014,334 ~[ 1,014,334 TOTAL CLASS: 45 NONREVENUE RECEPTS 510,000 1,983,086!f 1, 164,427 tf 1, 164, ,334 f 1,014, f 1,014,334 TOTAL PROGRAM: 0000 ACTUAL REVENUE ; 510,000 1,983,086 1,164,427 1, 164, ,334 1,014,334 1,014,334 _i[ ===][= =:J[ ==:J[ TOTAL DEPARTMENT: 03 REVENUE 510,000 1,983, ,164,427 1, ,334 ~ =:JC '' 1,014,334 _Jl 1,014,334...J Tuesday, June 05, :08 PM Page 5 of 9

9 City of Beaverton BURA BUDGET DOCUMENT FSCAL YEAR 2019 FUND: 902 BURA CAPTAL PROJECT FUND DEPT: 95 URBAN RENEWAL AGENCY PROGRAM : 6501 PARKNG GARAGE LOT 2 K J:tW 2016 ACTUAL 2017 ACTUAL 2018 BUDGETED 2018 ESTMATE 2019 PROPOSED 2019 RECOMD 2019 ADOPTED 'ld"1''o wa wr 111~i WaiWFMC'i''si ii w+1ri' J jl1 ;'w''t''h' a1sp;n[ 11m a mwr 1 1~1 1 1 CLASS: 15 CAPTAL OUTLAY 651 PROPERTY ACQUSTON(LAND/BLDG) 510,0oO ~L. 491._=i_ 682 CONSTRUCTON 683 CONST DESGN & ENGR NSPECTON 182, ,230 59, , , , ,000 59,967 10,000 10,000 10,000 TOTAL CLASS: 15 CAPTAL OUTLAY 510, , , , , , ,000 TOTAL PROGRAM: 6501 PARKNG GARAGE LOT 2 510, , , , , , , Tuesday, June 05, :08 PM Page 6 of 9

10 City of Beaverton BURA BUDGET DOCUMENT FSCAL YEAR 2019 FUND: 902 BURA CAPTAL PROJECT FUND DEPT: 95 URBAN RENEWAL AGENCY PROGRAM: 6503 BURA LAND ACQUSillON PROGRAM ~ m 2016 ACTUAL 2017 ACTUAL 2018 BUDGETED 2018 ESTMATE 2019 PROPOSED 2019 RECOMD 2019 ADOPTED wrt11'\ i ~~' i 1~t &Nr 1 1~1 a tmw ampilwc ~ t jlmmwr 111~i jl ~j, l'biw jl CLASS: 15 CAPTAL OUTLAY 651 PROPERTY ACQUSTON(LAND/BLDG) "'".~ ~ 1,~00, ,230 JC 552,230._. L 754, ,334 JL 754,334 TOTAL CLASS: 15 CAPTAL OUTLAY,11 ==c 1,800, , ,230 JL 754,334 _JL 754,334 _JL 754,334 TOTAL PROGRAM: 6503 SURA LAND ACQUSTON PROGRAM 1,800, ,230 1 C ~ ~ _JC 754,334 ~ 754,334 JL 754,334 TOTAL DEPARTMENT: 95 URBAN RENEWAL AGENCY 510,000 1,983,086 1,164,427 ~[ 1, 164,427 ~c 884,334 _JL 1,014,334 _ll 1,014,334 TOTAL FUND: 902 BURA CAPTAL PROJECT FUND REV _ L 510,00Q ~, _...1!9a3,o86 =~= i 1 427,[~ =1C 8~4,334 _=:][~ 1,014,334 ExP " c _ 510!.ooQr ~L1~ 98.J,086 ~ ==ic 1, r _ 1.164,427 ~c 8 ~.334 ==:J[ 1,014,334 Tuesday, June 05, :08 PM Page 7 of 9

11 City of Beaverton BURA BUDGET DOCUMENT FSCAL YEAR 2019 FUND: 904 BURA DEBT SERVCE FUND ]:~ 2016 ACTUAL 2017 ACTUAL DEPT: 03 REVENUE PROGRAM: 0000 ACTUAL REVENUE 2018 BUDGETED 2018 ESTMATE 2019 PROPOSED 2019 RECOMD 2019 ADOPTED & 1 8N'J~J i1l 1&nN 1 B ii &U' U~s1 jli twii 1 ~1 1m1 ~[ ll J \i_ ~,.,.,., ij CLASS: 40 NTERFUND TRANSFERS/LOANS 444 TRSFR FROM BURA GENERAL FUND 510,000 " 214,911 TOTAL CLASS: 40 NTERFUND TRANSFERS/LOANS 510, ,911 TOTAL PROGRAM: 0000 ACTUAL REVENUE 510,00o" w214,911 1,304,927 1,304,927 1,304,927 1,304,927; 1,040,834 1, 170,834 1,170,834 1,304,927 1,040,834 1,170,834 1, 170,834 1,304,927 1,040,834 1, 170,834 1,170,834 TOTAL DEPARTMENT: ,000 REVENUE 214,911 1,304,927 1,304,927 1,040,834 1,170,834 1,170, Tuesday, June 05, :08 PM Page 8 of 9

12 City of Beaverton BURA BUDGET DOCUMENT FSCAL YEAR 2019 H FUND: 904 BURA DEBT SERVCE FUND DEPT: 95 URBAN RENEWAL AGENCY PROGRAM: 0693 BURA DEBT SERVCE PROGRAM 2016 ACTUAL 2017 ACTUAL 2018 BUDGETED 2018 ESTMATE 2019 PROPOSED 2019 RECOMD 2019 ADOPTED ' 111~i ii &J~r 1 1~i 11 'w' 11u1 a w.t1fi'w u nnu~1 jl1wbw 1 1 ~1 sur p 1 ~ 1 CLASS: 20 DEBT SERVCE 710 BURA LOC NTEREST ii i 11 31,82~ 140, , , , ,500., """ 748 REPMTSHORTTERMLOANFROMCOB " ~~ , ,086 1,164,427 1,164, ,334 ii 1,014,334 1,014,334 TOTAL CLASS: 20 DEBT SERVCE 510,oocr 214, ,927, 1,304,927 ii 1,040,834: 11 1,170, ,170,834 TOTAL PROGRAM: 0693 BURA DEBT SERVCE PROGRAM w 510, ,910 1,304, ,304,927 r 1,040,834 1,170,834 1,170,834 TOTAL DEPARTMENT: 95 URBAN RENEWAL AGENCY '! 510, ,910 1,304,927 i 1,304,927 1r 1,040,834 1,170,834., 1, 170,834 TOTAL FUND: 904 BURA DEBT SERVCE FUND ~EV.. : 510,00Qij 214,911. 1,304,927. 1,304,927 1,01,,0.834 _.ii JL 1,17o,834L jl 1,170, EXP! 51_0!00Q 1.. :=][?14,910 r 1,304, JL , ; =:_~_ 1,~Q.~34 ~=1L ,834 ~~ ~, 1,1Z0,834 BUDGET TOTAL REV.. ~ 3,654,160 7,257,853 8,656,375 J 8,748,998 9, 110,611 ' 9,470,611 9,470,611 ' EXP 1,773, 197 4,121,933 8,656, ,305,852 9, 110,611 ' 9,470,611 9,470,611 ' Tuesday, June 05, :08 PM Page 9 of 9