REPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA
|
|
- Judith Fletcher
- 5 years ago
- Views:
Transcription
1 To: Honorable City Council From: Richard A. Leahy, City Manager CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA By: Alexandra Sheeks, Assistant to the City Manager k i> Subject: Jim Katica, Finance Director Old Woodinville Schoolhouse Financing Options Date: 12/11/2012 FINANCIAL ACTION SUMMARY Expenditure Required Amount Budgeted/Approved (Over)/Under Approved Amount $32,500 $3,000 ($29,500) ISSUE: Shall the City Council review options for the future of the Old Woodinville Schoolhouse and select a preferred approach? STAFF RECOMMENDATION: To select a preferred approach, make necessary decisions to implement the preferred approach, and authorize the City Manager to expend amounts necessary to implement the preferred approach. BACKGROUND: The City Council has been reviewing various options for the Old Woodinville Schoolhouse since 2011, when a preliminary architectural and feasibility study was presented. At that time, the Council directed staff to prepare a Request for Proposals (RFP) to seek noncity rehabilitation and operation of the building. On May 8, 2012, the Council reviewed three concepts for an RFP prepared by the City's consultant. The Woodinville Heritage Society requested that the Council postpone a decision until the Heritage Society could present an approach for the building. On September 11, 2012, the Heritage Society presented its vision to rehabilitate and operate the building, which involves funding the rehabilitation through a voter-approved bond and subsequent City ownership and on-going operation of the building. If the Council desires to proceed in this direction, there are a number of decisions to be made, consultants to be retained, and information to be compiled and analyzed. Staff will present issues and timelines associated with pursuing an election for a bond measure. Attached is information to assist in that discussion. RECOMMENDED MOTION: For Discussion Only. Attachment 1: Old Woodinville, School Issues/Decisions Attachment 2: Upcoming Elections Attachment 3: Upfront Preliminary Costs 1
2 Attachment Old Woodinville School Issues/Decisions December Operation/management of the Building after Rehabilitation a. No city use planned for the building b. By the City of Woodinville? c. By a non-profit? d. By a for-profit? e. How will tenants be determined? f. How will tenant rents be determined? g. How will operating deficits be funded? h. How will building repairs, replacements, and maintenance be handled? 2. Required Project Elements a. Level of Building Rehabilitation b. Parking c. Special user accommodations (performing arts, restaurant,...) d. Town Center Commons Green on Parking Deck (funded by City if financially feasible?) 3. Cost of Construction a. Need to retain consultant and incur preliminary design costs in advance of voter action 4. Financing Method a. Need to retain consultant and incur preliminary costs in advance of voter action b. Taxable vs. Tax-Exempt Bonds c. Lid Lift Bonds (50% approval) vs. Voter Approved Bonds (60% approval) d. Cost to typical homeowner, including number of years to repay bond e. Determine whether grants are available and advisable f. Resolve how building operation deficits are funded 5. Voter Preference Survey a. Need to retain consultant and incur preliminary costs in advance of voter action b. At the beginning of this process before any additional work is conducted? c. Later in the process when specific information is known? 6. Election Ballot a. Special Election? b. Primary Election? c. General Election? d. Cost 2
3 Attachment 2 Upcoming Elections and 2014 Estimated Costs and Deadlines Estimated Cost Type of Deadline to File Election Date Election Resolution Voters Election Voter Info Total Cost Pamphlet Feb. 12, 2013 Special Dec. 28, 2012 $16,000 $1,500 $3,000 $20,500 Apr. 23, 2013 Special Mar. 8, 2013 $16,000 $1,500 $3,000 $20,500 Aug. 6, 2013 Primary May 10, 2013 $10,000 $1,500 $3,000 $14,500 Nov. 5, 2013 General Aug. 6, 2013 $10,000 $1,500 $3,000 $14,500 Feb. 11, 2014 Special Dec. 27, 2013 $16,000 $1,500 $3,000 $20,500 Apr. 22, 2014 Special Mar. 7, 2014 $16,000 $1,500 $3,000 $20,500 Aug. 5, 2014 Primary May 9, 2014 $10,000 $1,500 $3,000 $14,500 Nov. 4, 2014 General Aug. 5, 2012 $10,000 $1,500 $3,000 $14,500 Notes 1. Election costs are based on how many other jurisdictions have issues on the ballot, whether or not it is a special election, etc. 2. Timelines are dependent on the selected process for analyzing rehabilitation costs, seeking bond counsel, surveying voters, etc. 3
4 Attachment 3 Estimated Upfront Preliminary Costs Bond Issue to Rehabilitate Old Woodinville School December 2012 Item Est. Cost Comments Financial Advisor Architect Survey Election Total Est. Costs $3,000 Additional costs if bonds issued. $10,000 Additional costs if bonds issued. $5,000 Offer to cost split with Woodinville Heritage Society $14,500 Assumes Primary or General Election Ballot with voter information $32,500 Some costs may be eligible for reimbursement from bond proceeds. 4
5 Old Woodinville Schoolhouse Rehabilitation Options City Council Meeting 12/11/2012
6 Background 3 Phase approach Phase 1 completed May 2011 with reuse study Council chose Options C or D solicit proposals from private developers Heartland options for RFP presented April 10 Woodinville Heritage Society Presentation September 11 City Council asked for information about a Voter Approved Bond Issue to rehabilitate the Schoolhouse
7 Issues/Decisions to Move Forward 1. Operation/management of the building 2. Required Project Elements 3. Cost of Construction 4. Financing Method 5. Voter Preference Survey 6. Election Ballot
8 1. Operation/management of the building a. No city use planned for the building b. By the City of Woodinville? c. By a non-profit? d. By a for-profit? e. How will tenants be determined? f. How will tenant rents be determined? g. How will operating deficits be funded? h. How will building repairs, replacements, and maintenance be handled?
9 2. Required Project Elements a. Level of Building Rehabilitation b. Parking c. Special user accommodations (performing arts, restaurant, ) d. Town Center Commons Green on Parking Deck (funded by City if financially feasible?)
10 3. Cost of Construction a. Need to retain consultant and incur preliminary design costs in advance of voter action
11 4. Financing Method a. Need to retain consultant and incur preliminary costs in advance of voter action b. Taxable vs. Tax-Exempt Bonds c. Lid Lift Bonds (50% approval) vs. Voter Approved Bonds (60% approval) d. Cost to typical homeowner, including number of years to repay bond e. Determine whether grants are available and advisable f. Resolve how building operation deficits are funded
12 5. Voter Preference Survey a. Need to retain consultant and incur preliminary costs in advance of voter action b. At the beginning of this process before any additional work is conducted? c. Later in the process when specific information is known?
13 6. Election Ballot a. Special Election? b. Primary Election? c. General Election? d. Cost
14 Financing Capital Projects
15 LTGO(councilmanic) Pros No citizen vote is required Cons Debt payments from existing GF revenues Competes with scarce operating revenues used for City operations
16 Definitions/Acronyms Debt Service The annual principal/interest payment on bonds Our mortgage payment would be our debt service G.O. General obligation Pledges the full taxing authority of the jurisdiction UTGO ( voted ) Unlimited general obligation bonds Usually backed by the property tax (and all other sources) Require a 60% approval from voters LTGO Limited tax general obligation non-voted debt or councilmanic Debt service is paid from existing revenues Does not require a vote of the citizens
17 G.O. Bonds UTGO and LTGO can be for a few years or as many as 40 (usually 20 years)
18 Other Methods Increase taxes Utility taxes Property taxes Banked Capacity Existing Funds
19 Levy LID Lift Levy Lid Lift Requires a 50% + 1 vote For debt service, can be no longer than 9 years
20 Other Methods Increase taxes Utility taxes Property taxes Banked Capacity Existing Funds
21 Pros and Cons of each UTGO Pros Voters get to decide the outcome Current operating and capital revenues untouched Cons Debt obligation for 20 years (normally)
22 Levy Lid Lift Pros 50% + 1 needed for approval Paid off in a (relatively) short time Cons Annual debt payments are higher than 20 year GO bonds Taxing rate counts against maximum regular tax levy $2.10 while benefit charge is in place $1.60 if benefit charge was not passed by voters
23 What will it cost? Assumptions: Assessed Valuation = $2,444,408,335 Average Value of Woodinville home= $358,000 Amount of bonds to be sold: $8 million
24 Bond Options What will it cost? $8 million bond issue Option Annual Debt Service Cost for Typical Homeowner Yearly Monthly 20-Year GO Bond $568,000 $83 $ Year Lid Lift Bond $989,000 $144 $12.00
25 Cost per Month for Various Bond Amounts
26 Ballot Options and Costs Election Date Type of Election Deadline to File Resolution Election Estimated Cost Voters Pamphlet Voter Info Total Cost Feb. 12, 2013 Special Dec. 28, 2012 $16,000 $1,500 $3,000 $20,500 Apr. 23, 2013 Special Mar. 8, 2013 $16,000 $1,500 $3,000 $20,500 Aug. 6, 2013 Primary May 10, 2013 $10,000 $1,500 $3,000 $14,500 Nov. 5, 2013 General Aug. 6, 2013 $10,000 $1,500 $3,000 $14,500 Feb. 11, 2014 Special Dec. 27, 2013 $16,000 $1,500 $3,000 $20,500 Apr. 22, 2014 Special Mar. 7, 2014 $16,000 $1,500 $3,000 $20,500 Aug. 5, 2014 Primary May 9, 2014 $10,000 $1,500 $3,000 $14,500 Nov. 4, 2014 General Aug. 5, 2012 $10,000 $1,500 $3,000 $14,500
27 Preliminary Costs to Get to Ballot Item Est. Cost Comments Financial Advisor $3,000 Additional costs if bonds issued. Architect $10,000 Additional costs if bonds issued. Survey $5,000 Election $14,500 Total Est. Costs $32,500 Offer to cost split with Woodinville Heritage Society Assumes Primary or General Election Ballot with voter information Some costs may be eligible for reimbursement from bond proceeds.
28 Option Schedules Task APRIL 23, 2013 BALLOT 1. Operation/Mgt of Building 2. Required Project Elements 3. Cost of Construction 4. Financing Method 5. Voter Preference Survey 6. Election Ballot Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec AUGUST 6, 2013 BALLOT 1. Operation/Mgt of Building 2. Required Project Elements 3. Cost of Construction 4. Financing Method 5. Voter Preference Survey 6. Election Ballot NOVEMBER 5, 2013 BALLOT 1. Operation/Mgt of Building 2. Required Project Elements 3. Cost of Construction 4. Financing Method 5. Voter Preference Survey 6. Election Ballot Key Drafting, Securing Consultants Research, Decision, Action Election Day
29 Conclusion We need to start making decisions! 1. Election Date 2. Building Mgt/Operation 3. Project Elements 4. Determine Cost of Construction 5. Timing of Survey 6. Decide Financing Approach
CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA
To: Honorable City Council From: Richard A. Leahy, City Manager CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 1731 133rd Avenue NE, Woodinville, WA 9872 WWW.CI.WOODINVILLE.WA.US By: Alexandra Sheeks,
More informationREPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA I I
CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133 rd Avenue NE, Woodinville, WA 98072 WWW.CI.WOODINVILLE.WA.US To: Honorable City Council p,~ 6 Date: October 6, 2009 From: By: Subject: Richard
More informationREPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA
To: From: By: Subject: CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Woodinville, WA 98072 WWW.CI.WOODINVILLE.WA.US Honorable City Council Richard A. Leahy, City Mana Jim Katica,
More informationFinancing Overview & 2017 GO Bond Capacity Update. Department of Finance April 2017
Financing Overview & 2017 GO Bond Capacity Update Department of Finance April 2017 1 Municipal Bond Overview What is a Municipal Bond? A debt obligation issued by state and local governments to fund public
More informationISSUE: Shall the City Council receive a status report about annexation efforts?
CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Woodinville, WA 98072 WWW.CI.WOODINVILLE.WA.US To: Honorable City Council From: Richard A. Leahy, City ManagerPKV By: Alexandra
More informationREPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA
CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 1731 133rd Avenue NE, Woodinville, WA 9872 WWW.CI.WOODINVILLE.WA.US To: Honorable City Council Date: January 1, 212 From: Richard A. Leahy, City Manager
More informationHonorable City Council Date: 07/05/2016 Blaine Fritts, Finance Director; Dana Mason, Senior Accountant 2015/2016 Biennial Treasurv Report
l To: By: s u b" >Jee t : CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Woodinville, WA 98072 WWW.CI.WOODINVILLE.WA.US Honorable City Council Date: 07/05/2016 Blaine Fritts,
More informationCost Estimation of a Manufacturing Company
Cost Estimation of a Manufacturing Company Name: Business: Date: Economics of One Unit: Manufacturing Company (Only complete if you are making a product, such as a bracelet or beauty product) Economics
More informationHUD NSP-1 Reporting Apr 2010 Grantee Report - New Mexico State Program
HUD NSP-1 Reporting Apr 2010 Grantee Report - State Program State Program NSP-1 Grant Amount is $19,600,000 $9,355,381 (47.7%) has been committed $4,010,874 (20.5%) has been expended Grant Number HUD Region
More informationBy: To: FINANCIAL ACTION SUMMARY Expenditure Required Amount Budgeted/Aooroved Additional Amount Required $0 $0 $0
To: By: CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Woodinville, WA 98072 WWW.CI.WOODINVILLE.WA.US Honorable City Council ~ Date: 03/21/ Kellye Mazzoli, Assistant to the City
More informationFinancial and Operating Plan Kevyn D. Orr Emergency Manager
Financial and Operating Plan Kevyn D. Orr Emergency Manager June 10, 2013 Detroit spends more than it takes in it is insolvent. It has borrowed hundreds of millions of dollars and has deferred just as
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationReview of Registered Charites Compliance Rates with Annual Reporting Requirements 2016
Review of Registered Charites Compliance Rates with Annual Reporting Requirements 2016 October 2017 The Charities Regulator, in accordance with the provisions of section 14 of the Charities Act 2009, carried
More informationJennifer Kuhn, City Clerk PLACEHOLDER: Six year Financial Planning Model and Budget Issues
CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Woodinville, WA 98072 WVVW.CI.WOODINVILLE.WA.US To: Honorable City Council Date: 08/14/2012 From: Subject: Jennifer Kuhn, City
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More informationPASSENGER REJECTION REDUCTION INITIATIVE KIRK PEREIRA. 24 th April 2018
PASSENGER REJECTION REDUCTION INITIATIVE KIRK PEREIRA 24 th April 2018 WHAT IS THIS PROJECT ABOUT? Well we are not going into that again this year! Nearly everyone in this room knows about the project
More informationOhlone Community College District
Ohlone Community College District General Obligation Bond Refinancing Overview June 8, 2016 Outstanding General Obligation Bonds Issue Date Issue Amount Description Call Date Maturity Outstanding 6/19/2002
More informationFINANCIAL ACTION SUMMARY
City of Woodinville, WA Report to the City Council 17301 133 rd Avenue NE, Woodinville, WA 98072 www.ci.woodinville.wa.us To: Honorable City Council Date: 02/06/2018 By: Blaine Fritts, Finance Director;
More information2013 Report on Parks and Recreation Operations
To: From: By: Subject: CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Woodinville, WA 98072 WWW.CI.WOODINYILLE.WA.US Honorable City Council Richard A. Leahy, City Manager V Alexandra
More informationText. New gtld Auctions #ICANN49
Text Text New gtld Auctions Agenda Auction Summary Text Public Comment Recap Auction Logistics Looking Ahead Q &A Auctions Summary Auctions Method of Last Resort per Applicant Text Guidebook 4.3 o Ascending
More informationFOR RELEASE: MONDAY, MARCH 21 AT 4 PM
Interviews with 1,012 adult Americans conducted by telephone by Opinion Research Corporation on March 18-20, 2011. The margin of sampling error for results based on the total sample is plus or minus 3
More informationREPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA
CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Woodinville, WA 98072 www.ci.woodinville.wa.us To: Honorable City Council From: Richard A. Leahy, City Manager By: Jim Katica,
More informationBig Walnut Local School District
Big Walnut Local School District Monthly Financial Report for the month ended September 30, 2012 Prepared By: Felicia Drummey Treasurer BIG WALNUT LOCAL SCHOOL DISTRICT SUMMARY OF YEAR-TO-DATE FINANCIAL
More informationBusiness & Financial Services December 2017
Business & Financial Services December 217 Completed Procurement Transactions by Month 2 4 175 15 125 1 75 5 2 1 Business Days to Complete 25 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 217 Procurement
More informationWESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, Over(Under) Budget WECC Fund Actual Budget
WESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, 2018 General Fund Actual A B C D E F WECC Fund Actual Revenue Revenue - Faith Giving 1 $ 213 $ 234 $ (22) - Tuition $ 226
More informationCity of Joliet 2014 Revenue Review. October 2013
City of Joliet 2014 Revenue Review October 2013 General Fund 2014 Est. Revenues = $163.6 M Licenses, Permits, Fees Gaming Taxes 5% 12% Sales Taxes 27% Income Taxes 9% Charges for Services 14% Other Taxes
More information2009 Reassessment As Impacted by Senate Bill 711
Saint Louis County 2009 Reassessment As Impacted by Senate Bill 711 Impacts of SB711 on the 2009 Reassessment Plan The County must notify property owners of changes in the projected tax liability resulting
More informationHistorical Pricing PJM COMED, Around the Clock. Cal '15 Cal '16 Cal '17 Cal '18 Cal '19 Cal '20 Cal '21 Cal '22
$50 Historical Pricing PJM COMED, Around the Clock $48 $46 $44 $42 $40 $38 $36 $34 $32 $30 $28 $26 Cal '15 Cal '16 Cal '17 Cal '18 Cal '19 Cal '20 Cal '21 Cal '22 The information presented above was gathered
More informationThis is a placeholder for agenda item No. 9: Receive and File Treasurer Report for June 2012 as determined by the Council's meeting on 8/07/2012.
CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Woodinville, WA 98072 WWW.CLWOODINVILLE.WA.US To: Honorable City Council Date: 08/14/2012 From: Jennifer Kuhn, City Clerk Subject:
More informationInvestit Software Inc. INVESTOR PRO CANADA 20 UNIT CONDOMINIUM DEVELOPMENT EXAMPLE
INVESTOR PRO CANADA 20 UNIT CONDOMINIUM DEVELOPMENT EXAMPLE INTRODUCTION This example uses the Development Condominium template. This practice example consists of two Sections; 1. The input information
More informationBonds 101: An Overview of City Financing
Bonds 101: An Overview of City Financing Presentation to the City of Yakima August 11, 2016 Deanna Gregory, Partner, Pacifica Law Group LLP (206) 245-1700, Deanna.Gregory@pacificalawgroup.com Lindsay Sovde,
More informationAffordable Care Act Implementation Alert
CONTENTS > What is the PCORI Fee? What is the purpose of the PCORI fee? > What are the reporting and payment requirements? > How is the PCORI fee calculated? > What is the role of AmeriHealth Administrators?
More informationHIGHLANDS RANCH METROPOLITAN DISTRICT SPECIAL BOARD MEETING FIRE AND EMERGENCY WORKSHOP ADDENDA
HIGHLANDS RANCH METROPOLITAN DISTRICT SPECIAL BOARD MEETING FIRE AND EMERGENCY WORKSHOP ADDENDA September 11, 2017 Addendum documents can also be viewed at http://highlandsranch.org or http://intranet.highlandsranch.org/default.aspx
More informationHistorical Pricing PJM PSEG, Around the Clock. Cal '15 Cal '16 Cal '17 Cal '18 Cal '19 Cal '20 Cal '21 Cal '22
$70 Historical Pricing PJM PSEG, Around the Clock $65 $60 $55 $50 $45 $40 $35 $30 $25 Cal '15 Cal '16 Cal '17 Cal '18 Cal '19 Cal '20 Cal '21 Cal '22 The information presented above was gathered and compiled
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2017 (Base year 2014) Consumer Price Index 1 Release Date: January 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2016 (Base year 2014) Consumer Price Index 1 Release Date: January 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationPHOENIX ENERGY MARKETING CONSULTANTS INC. HISTORICAL NATURAL GAS & CRUDE OIL PRICES UPDATED TO July, 2018
Jan-01 $12.9112 $10.4754 $9.7870 $1.5032 $29.2595 $275.39 $43.78 $159.32 $25.33 Feb-01 $10.4670 $7.8378 $6.9397 $1.5218 $29.6447 $279.78 $44.48 $165.68 $26.34 Mar-01 $7.6303 $7.3271 $5.0903 $1.5585 $27.2714
More informationFringe Benefits Tax. A Guide to Fringe Benefits Tax on Company Vehicles 1
Fringe Benefits Tax A Guide to Fringe Benefits Tax on Company Vehicles 1 Introduction Most benefits given to employees other than their salary or wages are fringe benefits. There are four main groups of
More informationConstructing a Cash Flow Forecast
Constructing a Cash Flow Forecast Method and Worked Example A cash flow forecast shows the estimates of the timing and amounts of cash inflows and outflows over a period of time. The sections of a cash
More informationRent vs. Own Analysis
Rent vs. Own Analysis Initial Assumptions After-tax rate of return on investments Marginal Federal tax rate Estimated annual appreciation of home Estimated purchase price of home 5% Down payment on home
More informationQUESTION 2. QUESTION 3 Which one of the following is most indicative of a flexible short-term financial policy?
QUESTION 1 Compute the cash cycle based on the following information: Average Collection Period = 47 Accounts Payable Period = 40 Average Age of Inventory = 55 QUESTION 2 Jan 41,700 July 39,182 Feb 18,921
More informationReview of Membership Developments
RIPE Network Coordination Centre Review of Membership Developments 7 October 2009/ GM / Lisbon http://www.ripe.net 1 Applications development RIPE Network Coordination Centre 140 120 100 80 60 2007 2008
More informationSHAKER HEIGHTS BOARD OF EDUCATION SHAKER HEIGHTS, OHIO. April 12, Members, Shaker Heights Board of Education
SHAKER HEIGHTS BOARD OF EDUCATION SHAKER HEIGHTS, OHIO TO: FROM: SUBJECT: Members, Shaker Heights Board of Education Bryan C. Christman, Treasurer Financial and Miscellaneous Briefs I. GENERAL FUND (As
More informationExecutive Summary. July 17, 2015
Executive Summary July 17, 2015 The Revenue Estimating Conference adopted interest rates for use in the state budgeting process. The adopted interest rates take into consideration current benchmark rates
More informationSection 6621 of the Internal Revenue Code establishes the interest rates on
Part 1 Section 6621.--Determination of Rate of Interest 26 CFR 301.6621-1: Interest rate. Rev. Rul. -32 Section 6621 of the Internal Revenue Code establishes the interest rates on overpayments and underpayments
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index July 207 (Base year 204) Consumer Price Index Release Date: Augest 207 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication provides
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationPerformance Report October 2018
Structured Investments Indicative Report October 2018 This report illustrates the indicative performance of all Structured Investment Strategies from inception to 31 October 2018 Matured Investment Strategies
More informationParks Levy Stakeholder Committee Recommendations to Mercer Island City Council Revised May 9, 2008
Parks Levy Stakeholder Committee Recommendations to Mercer Island City Council Revised May 9, 2008 The Parks Levy Stakeholder Committee which convened in December of 2007 recommends to the Mercer Island
More informationSection 6621(c) provides that for purposes of interest payable under 6601 on any large corporate underpayment, the underpayment
Section 6621. Determination of Interest Rate 26 CFR 301.6621 1: Interest rate. Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar
More informationMANAGING FOR RESULTS: An Implementation Plan for the City of Portland
MANAGING FOR RESULTS: An Implementation Plan for the City of Portland Office of Management and Finance City Auditor s Office Bureau of Planning City of Portland, Oregon June, 2003 Managing for Results
More informationOpinions on technical and scientific matters concerning mutual recognition: working procedure for the Biocidal Products Committee (BPC)
1 (5) Opinions on technical and scientific matters concerning mutual recognition: working procedure for the Biocidal Products Committee (BPC) The purpose of this document is to establish principles to
More informationACTUARIAL SOCIETY OF HONG KONG CONTINUOUS PROFESSIONAL DEVELOPMENT ( CPD ) FREQUENTLY ASKED QUESTIONS
ACTUARIAL SOCIETY OF HONG KONG CONTINUOUS PROFESSIONAL DEVELOPMENT ( CPD ) FREQUENTLY ASKED QUESTIONS These are frequently asked questions about the operation of the CPD requirements. These requirements
More informationArkansas Works Overview. Work And Community Engagement Requirement
1 Arkansas Works Overview Work And Community Engagement Requirement Arkansas Works Populations & Work and Community Engagement Requirement 2 Arkansas Works enrollees will fall into three categories for
More informationTHE B E A CH TO WN S O F P ALM B EA CH
THE B E A CH TO WN S O F P ALM B EA CH C OU N T Y F LO R I D A August www.luxuryhomemarketing.com PALM BEACH TOWNS SINGLE-FAMILY HOMES LUXURY INVENTORY VS. SALES JULY Sales Luxury Benchmark Price : 7,
More informationBig Walnut Local School District
Big Walnut Local School District Monthly Financial Report for the month ended September 30, 2013 Prepared By: Felicia Drummey Treasurer BIG WALNUT LOCAL SCHOOL DISTRICT SUMMARY OF YEAR TO DATE FINANCIAL
More informationThe Irish Association of Pension Funds. Trustee Network Funding Proposals
The Irish Association of Pension Funds Trustee Network Funding Proposals Funding Proposals Actuarial Perspective Gavin Howlin Willis INTRODUCTION The purpose of the presentation is to work through some
More informationTooele County. Financial Recovery Plan 3rd Quarter 2014 Update
Tooele County Financial Recovery Plan 3rd Quarter 2014 Update Original Projection 14,000,000 Tooele County Cash 2009-2015 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 - Ahead of Projection
More information$180 $160 $140 $120 $100 $80 $60 $40 $20 $ Single Fam -New Apts -New
2012 REVENUE FORECAST Presented by Brian Henshaw September 26, 2011 1 Economic Conditions Housing starts Federal & State deficits Sovereign-debt crisis Bankruptcies Unemployment Stock Market volatility
More informationVGFOA/SPIA Debt Management Workshop
VGFOA/SPIA Debt Management Workshop Kyle A. Laux, Senior Vice President Davenport & Company Public Finance June 15, 2017 901 East Cary Street Richmond, VA 23219 Phone: 804-697-2913 1. Choosing Debt Versus
More informationEmployers Compliance with the Health Insurance Act ANNUAL REPORT. Bermuda. Health Council
Employers Compliance with the Health Insurance Act 1970 2016 ANNUAL REPORT Bermuda ea Health Council Employers Compliance with the Health Insurance Act 1970 2016 Annual Report Contact us: If you would
More informationTERMS OF REFERENCE FOR THE INVESTMENT COMMITTEE
I. PURPOSE The purpose of the Investment Committee (the Committee ) is to recommend to the Board the investment policy, including the asset mix policy and the appropriate benchmark for both ICBC and any
More informationTo: Honorable City Council D_ A f Date: Nov. 9, 2010
ATTACHMENT 2 CITY OF WOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133 rd Avenue NE, Woodinville, WA 98072 WWW.CI.WOODINVILLE.WA.US To: Honorable City Council D_ A f Date: Nov. 9, 2010 From: Richard
More informationHousing Operations. Housing Division Re-Organization. Rent Supplement Deficit 2016 Audit Results 2018 Operating Budget(s) Next Steps
Housing Operations Housing Operations Housing Division Re-Organization Robert Lee s retirement Rent Supplement Deficit 2016 Audit Results 2018 Operating Budget(s) Next Steps Housing Division Re-Org Principles
More informationRegional overview Gisborne
Regional overview Purchasing intentions - additional income-related rent subsidy (IRRS) places Area District 1 2 3 4+ TOTAL 3 35 5 7 total 3 35 5 7 7 8 9 1 11 Purchasing intentions - change within the
More informationThe EM Budget. Intergovernmental Meeting with the US Department of Energy December 12-14, Terry Tyborowski
The EM Budget Intergovernmental Meeting with the US Department of Energy December 12-14, 2012 Terry Tyborowski Office of Environmental Management Deputy Assistant Secretary for Program Planning and Budget
More informationSmallBizU WORKSHEET 1: REQUIRED START-UP FUNDS. Online elearning Classroom. Item Required Amount ($) Fixed Assets. 1 -Buildings $ 2 -Land $
WORKSHEET 1: REQUIRED START-UP FUNDS Item Required Amount () Fixed Assets 1 -Buildings 2 -Land 3 -Initial Inventory 4 -Equipment 5 -Furniture and Fixtures 6 -Vehicles 7 Total Fixed Assets Working Capital
More informationSPLOST Whitfield County & Municipalities
SPLOST 2019 Whitfield County & Municipalities SPLOST: What is it? A SPLOST is an optional one penny county sales tax used to fund capital outlay projects. SPLOST funds can only be used to fund capital
More informationONTARIO-MICHIGAN BORDER TRANSPORTATION PARTNERSHIP Planning/Need and Feasibility Study. 1. Work Accomplished This Period (4 Weeks)
ONTARIO-MICHIGAN BORDER TRANSPORTATION PARTNERSHIP Planning/Need and Feasibility Study MONTHLY PROGRESS REPORT #19 Period Ending September 30, 2003 1. Work Accomplished This Period (4 Weeks) Strategic
More informationProtected Loan Taxation Guide
Protected Loan Taxation Guide An Explanatory Note The taxation implications of your Protected Loan (PL) can depend on a number of factors. In order to assist you in identifying the implications of your
More informationCommon stock prices 1. New York Stock Exchange indexes (Dec. 31,1965=50)2. Transportation. Utility 3. Finance
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 000 97 98 99 I90 9 9 9 9 9 9 97 98 99 970 97 97 ""..".'..'.."... 97 97 97 97 977 978 979 980 98 98 98 98 98 98 987 988
More informationSales and Use Tax Collection Report December 2018 Issued January 10, 2019
Financial Services Sales Tax Division 215 N. Mason Street 2 nd Floor PO Box 580Fort Collins, CO 80522-0580 970.221.6780 970.221.6782 - fax fcgov.com Sales and Use Tax Collection Report December 2018 Issued
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. January 2019
7 March 2019 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors January 2019 According to securities statistics, the amount outstanding of equity securities and debt
More information11 May Report.xls Office of Budget & Fiscal Planning
Education and General Fund Actual Revenues and s by Month MTD YTD Change Revenue Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Per 14 Total over FY06 Enrollment Fees $ 8,211 $ 219 $ 41,952 ($ 818) $
More information2/9/2018. Unemployment Southeastern State Comparison December 2017 Alabama 3.5% Southeast Avg 4.1%
Alabama's Total Employment (In Thousands) 2,050 2,029 2,000 1,980 2,006 1,992 1,976 1,950 1,945 1,923 1,949 1,900 1,876 1,902 1,887 1,871 1,870 1,885 1,903 1,850 1,800 1,750 * *FY17 is Preliminary Data
More informationRegional overview Hawke's Bay
Regional overview Purchasing intentions - additional income-related rent subsidy (IRRS) places Area Hastings Central 1 2 3 4+ TOTAL 5 5 25 125 3 3 1 7 total 8 8 35 195 7 8 9 1 11 Purchasing intentions
More informationWasco Union High School District STYLE. November 2016 Measure. Government Financial. for Strategies. Presented by Lori Raineri April 14, 2016
Wasco Union High School District CLICK TOand EDIT MASTER Bond Process Opportunity for November 2016 Measure STYLE TITLE Government Financial Strategies Presented by Lori Raineri April 14, 2016 2016 Government
More informationBond Update Presentation Azusa Unified School District
Bond Update Presentation by Isom Advisors, a Division of Urban Futures, Inc. June 9, 2014 1470 Maria Lane, Ste. 315 - Walnut Creek, CA 94596 Community Voter Survey (November 2013) Ballot Measure (pre-information)
More informationAlgo Trading System RTM
Year Return 2016 15,17% 2015 29,57% 2014 18,57% 2013 15,64% 2012 13,97% 2011 55,41% 2010 50,98% 2009 48,29% Algo Trading System RTM 89000 79000 69000 59000 49000 39000 29000 19000 9000 2-Jan-09 2-Jan-10
More informationSCHEDULE 10 INDEX FACTOR
DRAFT SCHEDULE 10 INDEX FACTOR SCHEDULE 10 INDEX FACTOR 1. GENERAL 1.1 Capitalized Terms Capitalized terms used in this Schedule have the definitions as set out in the Agreement to Design, Build, Finance
More informationWashington State Health Insurance Pool Treasurer s Report September 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report September 2018 Financial Review 1. 2018 Interim III Assessment Required An assessment of $8.5 M was required to adequately fund the pool until
More informationPortola Valley School District
Portola Valley School District September 6, 2017 Board Presentation: Bond Program Overview & Illustrative 2018 Bond Measure Keygent LLC 999 N. Sepulveda Blvd., Ste. 500 El Segundo, CA 90245 (310) 322 4222
More information1.2 The purpose of the Finance Committee is to assist the Board in fulfilling its oversight responsibilities related to:
Category: BOARD PROCESS Title: Terms of Reference for the Finance Committee Reference Number: AB-331 Last Approved: February 22, 2018 Last Reviewed: February 22, 2018 1. PURPOSE 1.1 Primary responsibility
More informationAfter the Rate Increase, What Then?
After the Rate Increase, What Then? Robert Eisenbeis, Ph.D. Vice Chairman & Chief Monetary Economist Bob.Eisenbeis@Cumber.com What the FOMC Did At Dec Meeting The Fed made the first step towards normalization
More informationFiscal Year 2018 Project 1 Annual Budget
Fiscal Year 2018 Project 1 Annual Budget Table of Contents Table Page Summary 3 Summary of Costs Table 1 4 Treasury Related Expenses Table 2 5 Summary of Full Time Equivalent Table 3 6 Positions Cost-to-Cash
More informationLittle Known Avenues for Funding Technology
Little Known Avenues for Funding Technology Courtney James Business Development Executive Kathleen Hamilton Chief Financial Officer RJ Naughton Director Agenda ST. JOSEPH PUBLIC SCHOOLS LOCAL LOOK FUNDING
More informationKey IRS Interest Rates After PPA
Key IRS Rates - After PPA - thru 2011 Page 1 of 10 Key IRS Interest Rates After PPA (updated upon release of figures in IRS Notice usually by the end of the first full business week of the month) Below
More informationFactor Leave Accruals. Accruing Vacation and Sick Leave
Factor Leave Accruals Accruing Vacation and Sick Leave Factor Leave Accruals As part of the transition of non-exempt employees to biweekly pay, the UC Office of the President also requires standardization
More informationUniversity of Wisconsin - Madison Retirement Association Fundamental Concepts of Investing. September 15, Jim Hamre Steve Hawk
University of Wisconsin - Madison Retirement Association Fundamental Concepts of Investing September 15, 2009 Jim Hamre Steve Hawk 1 Investment Environment Large Federal Budget Deficits Potential for Higher
More informationSOUTHWEST. The Fleet and Family Support Center. Transition GPS (Goals, Plans, Success) Schedule
The SOUTHWEST Transition GPS (Goals, Plans, Success) Schedule The Transition Assistance Program (TAP) provides information and training to ensure Service Members leaving active duty are prepared for their
More informationCITYOFWOODINVILLE, WA REPORT TO THE CITY COUNCIL rd Avenue NE, Woodinville, WA
CITYOFWOODINVILLE, WA REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Woodinville, WA 98072 WWW.CI.WOODINVILLE.WA.US To: From: t Honorable City Council Richard A. Leahy, City Manager By: Alexandra Sheeks,
More informationFirst Quarter. January March 2016
First Quarter January March 2016 Highlights First quarter showed positive momentum for design industry. Design firms in March reported strong and accelerating business after a weak January and February.
More informationConsolidated financial results for 2Q 2017
Citi Handlowy Strategy and Investor Relations Department Consolidated financial results for 2Q 2017 August 22 nd, 2017 2Q 2017 summary Consistent growth of customer business: Loan volume growth in institutional
More informationA Summary Report. Mr. & Mrs. Client June 1, Prepared by: Mary T. Tacka, CRPC
A Summary Report Mr. & Mrs. Client Prepared by: Mary T. Tacka, CRPC 8062 High Castle Road, Suite 202 Ellicott City, MD 21043 Securities & Investment Advisory Services offered thru H. Beck, Inc. Registered
More informationOTHER DEPOSITS FINANCIAL INSTITUTIONS DEPOSIT BARKAT SAVING ACCOUNT
WEIGHTAGES JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC ANNOUNCEMENT DATE 19.Dez.14 27.Jän.15 24.Feb.15 26.Mär.15 27.Apr.15 26.Mai.15 25.Jun.15 28.Jul.15 26.Aug.15 23.Sep.15 27.Okt.15 25.Nov.15 MUDARIB
More informationCapital Overview. Capital projects also include purchase of infrastructure, plant, and equipment that meet the following thresholds:
Capital Overview The capital budget consists of capital projects, which are a set of activities that maintain or improve a city asset, often referred to as infrastructure-from buildings, to park trails,
More informationOhio 2015 Election Deadlines
Ohio Election s Pursuant to Section 3501.01 of the Ohio Revised Code, the Ohio General Assembly has established dates when elections may be held in each year. For, these election dates are set forth in
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2018
PRESS RELEASE 10 December 2018 Securities issued by Hungarian residents and breakdown by holding sectors October 2018 According to securities statistics, the amount outstanding of equity securities and
More informationLooking at a Variety of Municipal Valuation Metrics
Looking at a Variety of Municipal Valuation Metrics Muni vs. Treasuries, Corporates YEAR MUNI - TREASURY RATIO YEAR MUNI - CORPORATE RATIO 200% 80% 175% 150% 75% 70% 65% 125% Average Ratio 0% 75% 50% 60%
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index Annual Report of 2016 (Base year 2014) Consumer Price Index 1 Release Date: March 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions 1. Consumer Price
More information