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

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1 CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA To: Honorable City Council From: Richard A. Leahy, City Manager By: Jim Katica, Finance Director Blaine Fritts, Senior Accountant Subject: Treasury Report for December 2012 Date: February 5, 2013 ISSUE: Shall the City Council receive the Treasury Report for December 2012? RECOMMENDATION: To receive the Treasury Report for the month of December BACKGROUND/DISCUSSION: Revenues and expenditures are reported through December 2012 (end of the biennium). Total Operating Revenues Operating revenues exceeded forecast by 3%, totaling $20.2 million. The major contributors to this unanticipated revenue and the amounts that the revenues exceed forecast are; Development Services, $515,000; Sales Tax, $94,000; and Street Fund, $51,000 (due in part to FEMA grant revenue for the January 2012 snow event). Primary Tax Revenues Sales Tax ended the biennium approximately $94,000 or 1% above forecast. Retail Trade, Accommodation & Food Services, Wholesale Trade and Admin & Support of Waste Management & Remedial Services comprised 65% of the sales tax revenue for the Biennium. The sum of all four of these economic sectors exceeded the prior biennium revenue by 8%. When compared to the prior biennium, sales tax from construction was down by 12%. Property Tax ended the biennium about $55,000 below forecast. Admission Tax, Utility Tax, and Field Rental revenues all exceeded projections by $21,000, $19,000 and $15,000 respectively. Development Services permit and fee revenues are $515,000 above forecast. Fire permits exceeded revenue estimates by $244,000 and zoning & subdivision fees exceeded revenue estimates by $230,000. Capital Project Revenues Real Estate Excise Tax (REET) ended the biennium $344,000 above forecast due to three large unanticipated property sales during the period. The City expected to only receive $22,000 in Park Impact fees during the biennium and fell short of that conservative estimate with actual revenue of $10,000. Traffic Impact fees fell short of the revenue forecast by $3,000. Expenditures Operating expenditures were budgeted at $17 million for the biennium (less transfers). The City actually incurred $15.5 million in expenditures, completing the biennium 10% under budget. Legal Services is the only department that exceeded the operating budget and ended the biennium $56,000 over budget. RECOMMENDED MOTION: I MOVE TO RECEIVE THE DECEMBER 2012 TREASURY REPORT. Attachment 1: December 2012 Treasury Report

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3 Treasury Report December 2012 City of Woodinville, Washington rd Avenue NE Woodinville, Washington

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5 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs Revised Budget Actual Pd To Date Jan-1 1 $348,916 $344,438 Feb-11 $790,500 $812,220 Mar-11 $1,255,905 $1,272,624 Apr-11 $1,571,827 $1,584,235 May-1 1 $1,970,838 $1,979,898 Jun-11 $2,468,189 $2,482,907 Jul-11 $2,837,639 $2,878,835 Aug-11 $3,268,271 $3,309,152 Sep-11 $3,792,347 $3,808,760 Oct-11 $4,176,543 $4,192,946 Nov-11 $4,593,389 $4,588,637 Dec-1 1 $5,126,000 $5,078,824 Jan-12 $5,444,576 $5,420,109 Feb-12 $5,847,761 $5,875,960 Mar-12 $6,277,630 $6,298,079 Apr-12 $6,566,081 $6,604,096 May-12 $6,930,442 $6,957,538 Jun-12 $7,389,433 $7,420,509 Jul-12 $7,726,757 $7,772,930 Aug-12 $8,1 19,943 $8,169,443 Sep-12 $8,603,382 $8,671,391 Oct-12 $8,954,169 $9,042,912 Nov-12 $9,334,768 $9,454,890 Dec-12 $9,826,000 $9,937,571 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 ti ra _- Sales Tax Comparison (including SST mitigation) Revised Budget v7' 1 71 c 2 Pd To Date ti N 4) (21 Revised Budget Actual Pd To Date Jan-11 $4,494 $4,901 Feb-11 $22,017 $22,249 Mar-11 $85,219 $93,790 Apr-11 $806,388 $720,604 May-11 $1,508,252 $1,507,174 Jun-11 $1,527,164 $1,516,847 Jul-11 $1,530,672 $1,519,520 Aug-11 $1,538,170 $1,521,240 Sep-11 $1,585,761 $1,547,511 Oct-11 $2,497,458 $2,194,970 Nov-11 $2,904,132 $2,909,523 Dec-11 $2,916,691 $2,914,121 Jan-12 $2,921,279 $2,915,525 Feb-12 $2,939,166 $2,934,405 Mar-12 $3,003,681 $3,001,687 Apr-12 $3,739,839 $3,818,149 May-12 $4,456,289 $4,402,623 Jun-12 $4,475,595 $4,456,089 Jul-12 $4,479,175 $4,451,494 Aug-12 $4,486,829 $4,456,689 Sep-12 $4,535,409 $4,544,567 Oct-12 $5,466,053 $5,347,326 Nov-12 $5,881,180 $5,851,430 Dec-12 $5,894,000 $5,838,706 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Property Tax Comparison wzo" Revised Budget A--- Actual Pd To Date ti LL a co a 2 ci ti, ci 0 0) N N a) u_ N N O- D 0) < V) N N 0 Ṉ 1 a)

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7 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs - continued Revised Budget Actual Pd To Date Jan-11 $87,683 $89,371 Feb-11 $196,028 $176,309 Mar-11 $292,821 $285,545 Apr-11 $385,277 $356,906 May-11 $477,129 $438,435 Jun-11 $554,797 $515,992 Jul-11 $627,316 $597,146 Aug-11 $705,503 $670,648 Sep-11 $776,290 $743,239 Oct-11 $850,972 $822,098 Nov-11 $931,024 $894,881 Dec-11 $1,009,123 $978,329 Jan-12 $1,096,110 $1,073,577 Feb-12 $1,183,142 $1,163,035 Mar-12 $1,267,798 $1,253,986 Apr-12 $1,352,119 $1,341,226 May-12 $1,446,787 $1,450,922 Jun-12 $1,534,712 $1,498,750 Jul-12 $1,584,716 $1,603,193 Aug-12 $1,689,745 $1,665,656 Sep-12 $1,751,582 $1,722,229 Oct-12 $1,817,472 $1,807,917 Nov-12 $1,860,501 $1,870,798 Dec-12 $1,957,380 $1,976,434 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 WA Revised Budget c-i c-i LL A Actual Pd To Date Utility Tax Comparison Actual rio a) vl ci (Cf.) Ct.) 10 (NI C co 'Ni U- N r-j N Cs] O 0_ as 2 < 2 cni (N rsi - 1 6_ 3 : 0 Revised Budget Actual Pd To Date Jan-11 $10,537 $7,980 Feb-11 $12,792 $11,385 Mar-11 $24,439 $114,194 Apr-11 $32,716 $125,678 May-11 $38,078 $132,649 Jun-11 $48,866 $151,605 Jul-11 $69,577 $165,946 Aug-11 $85,260 $190,020 Sep-11 $109,640 $200,903 Oct-11 $120,587 $211,772 Nov-11 $141,385 $223,291 Dec-11 $158,246 $232,506 Jan-12 $179,812 $251,959 Feb-12 $189,701 $258,505 Mar-12 $203,317 $276,893 Apr-12 $227,121 $283,211 May-12 $243,093 $295,264 Jun-12 $265,949 $309,115 Jul-12 $285,915 $462,047 Aug-12 $292,773 $478,212 Sep-12 $304,248 $498,803 Oct-12 $319,970 $656,589 Nov-12 $331,487 $681,570 Dec-12 $350,000 $694,636 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 ci Real Estate Excise Tax Comparison (each 1/4%) Fizzi Revised Budget ci ci a) 2012 Actual Pd To Date 4 Actual ro ci C.) r I r si csi r I chi " ti lu 0-, " 0_ ro 0 0_ ro 5 2 Ln 0 z 0 LL 2 < 2 0

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9 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs - continued Revised Budget Actual Pd To Date Jan-11 $2,542 $741 Feb-11 $5,084 $1,588 Mar-11 $7,626 $14,320 Apr-11 $10,168 $18,624 $450,000 May-11 $12,710 $18,624 $400,000 Jun-11 $15,252 $20,339 Jul-11 $17,794 $28,191 $350,000 Aug-11 $20,336 $31,288 $300,000 Sep-11 $22,878 $31,288 Oct-11 $25,420 $31,228 Nov-11 $27,962 $31,288 $250,000 $200,000 Dec-11 $30,504 $31,288 $150,000 Jan-12 $32,087 $31,803 Feb-12 $33,670 $34,288 Mar-12 $35,253 $36,283 $100,000 $50,000 Apr-12 $36,836 $41,032 $0 May-12 $38,419 $41,032 Jun-12 $40,002 $46,487 Jul-12 $41,585 $46,487 Aug-12 $43,168 $46,838 Sep-12 $44,751 $46,838 Oct-12 $46,334 $46,838 Nov-12 $47,917 $46,838 Dec-12 $49,500 $46,838 Traffic Impact Fees Comparison %-1 ti s-1 c-i IN CV CV IN (N CV NI CV N (N a-i a-i 1-1 ri 1-1 _6 07/4 Revised Budget A- Actual Pd To Date Actual c 0_ ts.,y, 0 a) ro cll CO a.,.13 D. a, n 0 0 Z Q@ Z Jan-11 Feb-11 Mar-11 Revised Budget $0 $0 $0 Actual Pd To Date Apr-11 $3,000 $0 $100,000 - $0 $0 $0 Park Impact Fees Comparison May-11 $3,000 $0 $90,000 -L- /WA' Revised Budget Jun-11 $3,000 $0 $80,000 Jul-11 $3,000 $0 $70,000 -A- Actual Pd To Date Aug-11 $6,000 $3,175 Sep-11 $6,000 $3,175 $60,000 Oct-11 $6,000 $3,175 $50,000 Nov-11 $6,000 $3,175 $40,000 Dec-11 $6,000 $3,175 Jan-12 $6,000 $3,175 $30,000 Feb-12 $9,000 $3,175 $20,000 Mar-12 $9,000 $6,350 $10,000 Apr-12 $9,000 $6,350 May-12 $12,000 $6,350 $0 r-1 r-i a-i I-I c-i T-I a-i IN CV r-i c-i ' ter (V 71 IN 71 CN c-i CV IN CV CV,-I IN N CN C 6 c ra a' co 0 a) co Jun-12 $15,000 $9,475 LL 2 a 2 - < Z 0 LL 2 LL 2-2, < a Jul-12 $15,000 $9,475 Aug-12 $18,000 $9,475 Sep-12 $21,000 $9,475 Oct-12 $22,000 $9,475 Nov-12 $22,000 $9,475 Dec-12 $22,000 $9,475 9 z

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11 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs - continued Jan-11 $34,000 $34,411 Feb-11 $68,000 $63,550 Mar-11 $78,000 $132,563 Apr-11 $108,000 $178,988 May-11 $138,000 $237,991 Jun-11 $168,000 $269,474 Jul-11 $198,000 $296,548 Aug-11 $212,254 $358,783 Sep-11 $264,508 $405,411 Oct-11 $326,762 $452,649 Nov-11 $369,016 $491,206 Dec-11 $416,900 $522,824 Jan-12 $446,900 $566,746 Feb-12 $476,900 $623,161 Mar-12 $506,900 $689,825 Apr-12 $536,900 $761,240 May-12 $566,900 $818,534 Jun-12 $596,900 $906,270 Jul-12 $626,900 $938,016 Aug-12 $656,900 $1,059,161 Sep-12 $686,900 $1,090,915 Oct-12 $716,900 $1,144,457 Nov-12 $746,900 $1,211,791 Dec-12 $778,323 $1,293,814 $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 Development Services Permits, Licenses and Fees Comparison $0 Wifi Revised Budget A- Actual Pd To Date -a- Actual / c-i c-i N--1 NI NI NI NI (-4 (-A r-4 c-i a-1 T-1 - en 6_ 4-, - < V) 0 ') 0 ra u_ 5 < m, -Y UP Z Revised Budget Actual Pd To Date Jan-11 $5,486 $3,218 Feb-11 $10,972 $3,882 Mar-11 $24,286 $14,044 Apr-11 $37,601 $22,791 May-11 $50,916 $33,812 Jun-11 $67,328 $44,535 Jul-11 $77,018 $57,493 Aug-11 $82,718 $118,967 Sep-11 $95,806 $126,832 Oct-11 $108,893 $131,515 Nov-11 $119,936 $133,920 Dec-11 $130,000 $137,297 Jan-12 $135,696 $138,004 Feb-12 $141,393 $183,083 Mar-12 $155,220 $187,104 Apr-12 $169,047 $187,169 May-12 $182,873 $191,686 Jun-12 $199,917 $194,034 Jul-12 $209,979 $195,406 Aug-12 $215,898 $244,134 Sep-12 $229,489 $255,514 Oct-12 $243,080 $277,423 Nov-12 $254,548 $279,227 Dec-12 $265,000 $280,063 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 Parks and Recreation Fees Comparison Wit Revised Budget A Actual Pd To Date -a- Actual

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13 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs continued Revised Budget Revised Budget Actual Pd To Date Jan-11 $502,183 $522,192 Feb-11 $1,141,859 $1,096,333 Mar-11 $1,748,440 $1,770,344 Apr-11 $2,911,242 $2,894,346 May-11 $4,134,315 $4,213,713 Jun-11 $4,746,326 $4,921,650 Jul-11 $5,261,999 $5,487,990 Aug-11 $5,991,849 $6,109,966 Sep-11 $6,603,930 $6,844,964 Oct-11 $7,706,259 $7,997,391 Nov-11 $9,029,462 $9,214,874 Dec-11 $9,908,662 $9,877,596 Jan-12 $10,364,957 $10,387,912 Feb-12 $10,916,097 $11,031,178 Mar-12 $11,449,357 $11,651,237 Apr-12 $12,447,560 $12,972,794 May-12 $13,820,233 $14,028,116 * Jun-12 $14,560,233 $14,779,625 Jul-12 $15,188,060 $15,291,279 Aug-12 $15,769,587 $15,921,231 Sep-12 $16,428,347 $16,768,648 Oct-12 $17,504,206 $18,144,573 Nov-12 $18,722,503 $19,208,009 Actual Pd To Date Jan-11 $505,020 $492,842 Feb-11 $1,053,424 $811,994 Mar-11 $1,634,158 $1,333,027 Apr-11 $2,197,343 $1,720,774 May-11 $2,736,080 $2,140,417 Jun-11 $4,235,918 $3,551,249 Jul-11 $4,962,314 $4,225,290 Aug-11 $5,740,133 $4,905,364 Sep-11 $6,458,774 $5,463,072 Oct-11 $7,106,127 $6,046,716 Nov-11 $7,750,367 $6,682,952 Dec-11 $8,524,268 $7,479,837 Jan-12 $9,280,918 $8,032,511 Feb-12 $9,832,873 $8,426,562 Mar-12 $10,292,943 $8,868,781 Apr-12 $10,801,486 $9,350,295 May-12 $11,325,386 $9,780,255 Jun-12 $12,959,295 $11,169,586 Jul-12 $13,645,374 $11,649,268 Aug-12 $14,127,654 $12,511,940 Sep-12 $14,599,651 $13,150,473 Oct-12 $15,881,603 $13,919,646 Nov-12 $16,352,272 $14,558,820 Dec-12 $17,267,529 $15,560, General Fund, Streets, Parks & Rec, Development Svcs Equipment Repl., Unemployment, Affordable Housing Revenue Comparison $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 ti,-1 CO CO "?7,07, Revised Budget Actual Pd To Date Dec-12 $19,330,063 $19,841,233 * Monthly budgeted revenue was adjusted There is no change to the total budgeted revenue. C ti General Fund, Streets, Parks & Rec, Development Svcs, Equipment Repl., Unemployment, Affordable Housing Expenditure Compariso n Budgeted, Amended and Actual $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 %o / Kevised uuaget A- Actual Pd To Date ci ti _o LL N co co Ṉ 1 a) u_ N ti LL N O N c-i 0 N r3

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15 City of Woodinville, Washington Schedule No. 1: Monthly Comparison Graphs continued Revised Operating Revenue Revised Operating Exp Jan-11 $522,192 $492,842 Feb-11 $1,096,333 $811,994 Mar-11 $1,770,344 $1,333,027 Apr-11 $2,894,346 $1,720,774 May-11 $4,213,713 $2,140,417 Jun-11 $4,921,650 $3,551,158 Jul-11 $5,487,990 $4,225,199 Aug-11 $6,109,966 $4,905,273 Sep-11 $6,844,964 $5,463,072 Oct-11 $7,997,391 $6,046,716 Nov-11 $9,214,874 $6,682,952 Dec-11 $9,877,596 $7,479,837 Jan-12 $10,387,912 $8,032,511 Feb-12 $11,031,178 $8,426,562 Mar-12 $11,651,237 $8,868,781 Apr-12 $12,972,794 $9,350,295 May-12 $14,028,116 $9,780,255 Jun-12 $14,779,625 $11,169,586 Jul-12 $15,291,279 $11,649,268 Aug-12 $15,921,231 $12,511,940 Sep-12 $16,768,648 $13,150,473 Oct-12 $18,144,573 $13,919,646 Nov-12 $19,208,009 $14,558,820 Dec-12 $19,841,233 $15,560, General Fund, Streets, Parks & Rec, Development Svcs, Equipment Repl., Unemployment, Affordable Housing Revenue vs Expenditures $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 M Revised Operating Revenue A Revised Operating Exp r-i c-i s I r1 a I c taa u_ a) 2 < u- 2 ra cy, IS

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17 City of Woodinville, Washington Schedule No. 2: Revised Biennial Budget vs. Expenditures by Department Legislative I 2009/2010 Budget 2009/2010 Actual Ex s - nditures 2011/2012 Budget YTD 2011/2012 Actual Expenditures $129,145 $149,954 $121,567 Legal 1 $557,000 $688,500 $744,581 Executive I $1,495,561 $1,298,167 $2,112,303 $1,846,800 Administrative $1,715,146 $1,508,452 $1,782,290 $1,721,042 Law Enforcement $5,544,500 $5,336,295 $6,067,642 $5,266,716 Public Services $1,792,921 $1,372,213 $1,336,445 Non-Departmental $850,097 $825,148 $0 $0 Street $1,517,731 $1,511,210 $1,700,048 $1,541,462 Development Services $2,762,204 $2,730,948 $2,334,254 $2,120,641 Parks & Rec $2,340,280 $1,917,839 $755,409 $637,130 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 e0 e, \ e, e,,c,c.. e,`' a \ e,%,c, ;.. Owe, c,..). -..',, e,. eta -:.-',.... s c e,cc,c ' c' <<". 'Sv*.cNv cc, \'...,. c a...,...). -)...z. _.,.-., q,. hoc'.cs..., ' e.,...e, (...e",,k..c., c...,,, O - OC.. e Oe' If' 2009/2010 Budget 2009/2010 Actual Expenditures 2011/2012 Budget YTD 2011/2012 Actual Expenditures f 7

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19 City of Woodinville, Washington Schedule No. 3: City of Woodinville Monthly Revenue/Expenditure Financial Report (General Fund, Streets, Parks & 'Zee, Development Svcs., Unemployment, Affordable Housing) Revised % of % REVENUE SOURCES Budget Thru Dec 2012 Budget Variance Operations Property Tax $5,894,000 $5,838,706 99% -1% Sales Tax $8,800,000 $8,893, % 1% SST Mitigation $1,026,000 $1,043, % 2% Other Taxes $560,000 $560, % 0% Cable TV/PEG Fees/Licens es $379,391 $384, % 1% Grants/Intergov $437,000 $471, % 8% Other Chgs for Svcs $325,269 $301,733 93% -7% Miscellaneous $251,080 $269, % 7% Subtotal General Fund $17,672,740 $17,764, % 1% Gas Tax $428,000 $454, % 6% Development Services $778,323 $1,293, % 66% Parks & Recreation $265,000 $280, % 6% Admission Tax $380,000 $401, % 6% Subtotal Other Op Funds $1,851,323 $2,430, % 31% Total Revenue Operations $19,524,063 $20,194, % 3% Debt Service $1,064,076 $1,064, % EXPENDITURES Revised % of % Operations Budget Thru Dec 2012 udget Variance General Fund $12,172,902 $11,037,705 91% -9% Street Fund $1,700,048 $1,541,694 91% -9% Development Services $2,334,254 $2,120,641 91% -9% Parks & Recreation $755,409 $637,130 84% -16% Unemployment $186,000 $84,067 45% -55% Equipment Replacement $140,100 $139, % 0% Affordable Housing $0 $0 r r Total Expenditure Operations $17,288,713 $15,560,815 90% -10% Excluded: Debt Svc, Hotel/Motel, Surface Water, Reserve Funds, CIP Funds ry

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21 City of Woodinville, Washington Schedule No. 4: Cash and Investment Activity 2012 December 2012 November 2012 October Beginning Cash & Investments $28,430,121 $28,346,014 $27,311,780 Receipts Deposits 216, , ,712 King County - ACH 29, ,112 1,368,675 State of Washington Wire 552, , ,953 State Investment Interest Revenue 4,939 3,576 3,645 Total Receipts 804,675 1,440,818 2,048,984 Total Available $29,234,796 $29,786,832 $29,360,764 Disbursements Claims 866,180 1,065, ,442 Payroll 302, , ,308 Total Disbursements 1,168,828 1,356,712 1,014,750 Ending Cash & Investments $28,065,968 $28, $28,346,014 Schedule No. 4: Schedule of Cash & Investments at Month End December November October Cash Bank Accounts (1) 2,778,798 3,700,803 4,077,182 State Investment Pool (2) 25,287,170 24,729,318 24,268,832 Total Cash and Investment Holdings $28,065,968 $28,430,121 $28,346,014 (I) Cash Balances reflect General Ledger Book Balances and not actual bank cash balances. (2) As of December 31, 2012, the State Investment Pool provided net earnings rate of 0.24%; Treasury Information source: http: // ces/domestic-finance/debt-management/interest-rate/yi eld_h istorical. shtm I Interest Rate Comparison 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% I I I I "7- -F4 71 -Tr r.- S) NC) `,C) N.11 NC) N9 <1' NI' 'CI' N1' titi ec <z<,),o so" c' <4; C `0' <.(` C 0 << '?' >` y- 0 0 <<'2' >s)' 0 O'z' >`> 0 cf' LGIP Net Earnings Rate Year T-Bill is 3 Month T- Bill

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23 City of Woodinville, Washington Schedule No. 5: City of Woodinville Monthly Revenue/Expenditure Report % of CIP RELATED REVENUE SOURCES Revised Budget Thru Dec 100% Budget Admission Tax $380,000 $401, % Real Estate Excise Tax I & II $700,000 $1,389, % Utility Tax $1,957,380 $1,976, % Parks Levy $62,000 $60,188 97% Park Impact Fees $22,000 $9,475 43% Traffic Impact Fees $49,500 $46,817 95% Grant $3,303,000 $317,161 10% Total Capital Projects Revenues $6,473,880 $4,201,047 65% % of CIP RELATED EXPENDITURES Revised Budget Thru Dec 100% Budget Street & Sidewalk Projects Overlay $1,446,000 $1,515, % Rock Wall I and II $100,000 $69,309 69% Sammamish Bridge Replacement $7,159,000 $696,208 10% Wood Duvall $600,000 $474,811 79% 202/148th Roundabouts $240,000 $238,722 99% SR522/ 195th $1,015,000 $879,364 87% NE 145th Pedestrian Improvements $330,000 $296,783 90% BNRP $165,716 $165, % School Safety Zones $600,000 $436,722 73% Total Street & Sidewalk Projects $11,655,716 $4,773,114 41% Parks Projects Sportfields $0 $176,986 Green Brier $62,000 $12,451 20% Eastside Rails Corridor Study $150,000 $0 0% Park Improvements - Tree Planting $187,000 $5,735 3% Total Parks Projects $399,000 $195,171 49% Surface Water Projects Chateau Reach Erosion/Sediment Control $261,000 $223,520 86% 140th/175th Street Storm Drain $205,000 $169,822 83% Sammamish River Outfall Water Quality Imp $405,000 $276,247 68% Misc Drainage Improvements $161,000 $18,426 11% Total Surface Water Projects $1,032,000 $688,014 67% Facility Projects Public Works Maintenance Shop $200,000 $106,228 53% Old Woodinville Schoolhouse RFP $100,000 $57,458 57% Emergency Generator $200,000 $0 0% Total Facility Projects $500,000 $163,686 33% TOTAL CIP Expenses $13,586,716 $5,819,986 43% -23

24 City of Woodinville 2011/2012 Biennial Budget Period End Review Presented to Council on 2/5/2013

25 Revenues

26 Sales Tax Revenue (including SST mitigation) $9,938,000

27 Five Largest Sales Tax Providers by NAICS

28 2012 Top 12 Sales Taxes Providers Providers (listed alphabetically) Craft Brew Alliance (Redhook) Haggen (Top Foods) McLendon s Molbaks PetSmart Ride Motorsports Ross Dress For Less Seattle SMSA (Verizon Wireless) Ste. Michelle Target TJX Companies (TJ Maxx) Willows Lodge

29 Construction Seven Year Comparison

30 Manufacturing Seven Year Comparison

31 Wholesale Trade Seven Year Comparison

32 Retail Trade Seven Year Comparison

33 Accommodation & Food Service Seven Year Comparison

34 Property Tax Revenue

35 Utility Tax Revenue

36 Real Estate Excise Tax Revenue

37 What Happened? Real Estate Excise Tax Revenue Unanticipated revenues: March 2011 Sale of Archstone Waterford Place Apartments July 2012 Sale of Sale of 3 industrial properties on Woodinville/Redmond Rd. and 2 on NE Woodinville Dr. October 2012 sale of Archstone Waterford Place Apartments Net result REET I and REET II each received $344,000 more revenue than forecasted.

38 Development Services Fees Revenue $1,294,000

39 Parks & Recreation Fees

40 Operating Revenue General, Street, Dev. Ser., Park & Rec,, Equipment Replacement, and Unemployment Funds (excluding transfers) $19,841,000

41 Expenditures

42 Biennial Expenditures (Millions of Dollars excluding transfers)

43 CIP Expenditures (excluding transfers)

44 Department Exp. Budget vs. Actual

45 Operating Expenditures General, Street, Dev. Ser., Park & Rec,, Equipment Replacement, and Unemployment Funds (excluding transfers) $15,561,000

46 Operating Revenues vs. Expenditures General, Street, Dev. Ser., Park & Rec,, Equipment Replacement, and Unemployment Funds (excluding transfers)

47 Questions?