SECOND QUARTER FINANCIAL REPORT June 30, 2018 UpTown Cruisin Car Show June, 2018 Introduction The second quarter 2018 financial report is presented here. As has been the custom in the past, the report has been prepared on an accrual basis. There is a one-month lag between when monies are collected by other entities (State of Washington and Pierce County) and when they are received by the City. As a result, the City must accrue those revenues back to the period they were deemed receivable. These accruals include taxes and other state shared revenues. Overall, second quarter general government revenues exceed budget estimates by 10.33%. Second quarter expenditures (excluding reserves and transfers) are below budget estimates by 12.21%.
ON-GOING OPERATING REVENUES Overall the City s on-going operating revenues are 10.33% above 2018 budget estimates. The table bellows lists all on-going revenues with a 2018 Budget to Actual Variance. Details of major variances are discussed following the table. 2015 2016 2017 2018 Budget to Actual Actual Actual Actual Budget 2nd Qtr Budget Actual $ Variance % Variance Property Tax 2,141,407 2,182,844 2,222,113 4,227,582 2,163,872 2,276,366 112,495 5.20% Sales Tax 1,636,038 1,399,791 1,252,070 2,600,000 1,300,000 1,409,407 109,407 8.42% Sales Tax - 1% for Parks 133,584 144,352 155,204 322,000 161,000 168,791 7,791 4.84% Criminal Justice Sales Tax - State Shared 237,899 256,890 276,370 519,999 260,000 300,657 40,657 15.64% Criminal Justice Funding - State Shared 48,317 49,658 51,674 104,221 52,111 53,393 1,283 2.46% Leasehold Excise Tax - State Shared 479 479 455 1,000 500 456 (44) -8.83% Liquor Profits - State Shared 137,678 136,736 136,100 270,337 135,169 135,115 (54) -0.04% Liquor Excise - State Shared 33,987 75,541 77,148 160,441 80,221 82,200 1,980 2.47% Fuel Taxes - State Shared 313,407 351,087 343,052 754,269 377,135 361,519 (15,616) -4.14% City Assistance - State Shared 51,629 51,345 49,024 100,500 50,250 56,820 6,570 13.07% Utility Tax 1,187,104 1,160,882 1,200,730 2,185,000 1,092,500 1,128,463 35,963 3.29% Gambling Tax 13,412 22,034 17,518 45,000 22,500 33,712 11,212 49.83% Franchise Fees 1,249,815 1,271,219 1,450,388 3,049,458 1,524,729 1,548,093 23,364 1.53% Real Estate Excise Tax 466,000 488,529 622,884 1,109,436 554,718 947,541 392,823 70.81% Admission Tax (excludes US Open) 67,164 73,491 63,631 152,000 76,000 64,389 (11,611) -15.28% Business License Fees 45,964 48,348 51,865 95,000 47,500 47,708 208 0.44% Solicitor Permit Fees 175 175 75 400 200 150 (50) -25.00% Law Enforcement/DUI Restitution 1,949 1,949 - Remitted with Court fees - n/a SRO/UPSD Reimbursement 23,880 29,514 30,402 62,623 31,312 31,314 3 0.01% Alarm Permit Fees 3,163 3,887 4,428 8,500 4,250 4,462 212 4.99% False Alarm Fees 1,001 333 2,501 1,000 500 1,093 593 118.60% Development Services 340,899 226,156 554,136 852,106 426,053 523,406 97,353 22.85% Impact Fees - Parks 23,401 24,524 148,420 250,000 125,000 72,880 (52,120) -41.70% Impact Fees - Traffic 31,062 53,835 185,679 120,000 60,000 76,197 16,197 27.00% SWM Fees 1,637,131 1,620,582 1,626,986 2,894,351 1,447,176 1,653,925 206,749 14.29% SWM - Drainage Inventory Fees 4,000 400 350 3,350 1,675 4,750 3,075 183.58% Court Fees 5,259 21,929 28,833 70,000 35,000 34,696 (304) -0.87% Sale of Maps/Publications - 38 - - - - - n/a Public Record/Tapes/Transcripts 127 215 135 200 100 107 7 6.75% Miscellaneous/Fines/Forfeitures 26,932 17,123 12,256 12,000 6,000 12,927 6,927 n/a Investment Interest 15,596 33,193 69,243 195,000 97,500 158,816 61,316 62.89% Tax Interest 1,288 424 2,264 5,000 2,500 3,402 902 36.08% Judgements & Settlements 145 125 8,382 349 175 5,172 4,997 2863.67% Animal Control 27,639 26,478 25,506 52,722 26,361 24,904 (1,457) -5.53% Transportation Benefit District Fees 210,673 211,744 252,172 475,000 237,500 251,074 13,574 5.72% Total 10,118,203 9,985,851 10,921,991 20,698,844 10,399,503 11,473,905 1,074,402 10.33% General sales tax is up 8.42% when comparing budget to actual for 2018. Sales tax is budgeted conservatively as it is a volatile revenue source. Because sales tax revenues fluctuate from month to month we have provided more detailed information on page 7 to give you a better picture of how the 2018 revenues compare to typical revenue receipts by month. The 1% Sales Tax for Parks is above budget estimates by 4.84%. These funds are dedicated to Parks and are used to pay debt service on the Cirque Park bonds and fund Parks Maintenance services. Criminal Justice Sales Taxes are up 15.64% over our budget estimates. These revenues are restricted for Police/Public Safety. Gambling tax is up 49.83% due to a significant increase in pull-tab receipts from one taxpayer. Real Estate Excise tax has surged to 70.81% above our budget estimates. All sales of real estate are taxed at 1.78%, of which 1.28% goes towards state funding of K-12 education and public works assistance and the City receives 0.5% for capital purposes. City of University Place 2 Second Quarter 2018
Admission Tax is down 15.28%. Much of our Admission tax is generated from the Golf Course. Golf rounds are typically lower in the first half of the year. This should even out during the year with an increase in golf rounds during the summer months. Revenues are up when compared to 1 st Quarter of 2017. Development Services fee revenue were below our estimates in the 1 st quarter but they rebounded in the 2 nd quarter to 22.85% above our estimates. Parks Impact Fees are below budget by 41.70%. The budget estimate includes payment for a project that is expected by years end. Parks Impact Fees are not programed or expensed prior to the receipt of the monies. Transportation Benefit District fees are up 5.72% over revenues. All TBD fees are transferred to the Street Fund for street maintenance costs. City of University Place 3 Second Quarter 2018
OPERATING EXPENDITURES Expenditures are presented by Department and exclude transfers. City Manager s Office includes the budgets for City Manager, Community Events and Beautification Finance an Administrative Services includes the budgets for Finance, Reception, City Clerk and Communications Community and Economic Development includes the budgets for Director s Office, Economic Development, Development Services, Fire Code Official and Human Resources Public Works and Parks Maintenance include the budgets for Public Works Streets and Parks Maintenance Surface Water Management includes the budgets for Public Works SWM and Engineering SWM Police and Public Safety includes the budgets for Court, City Attorney, EOC, Police, Public Safety, Animal Control, Code Enforcement and Jail Overall, 2018 Second Quarter operating expenditures were 12.21% below budget (excluding Reserves and Contingency). The City Council budget is over by 31.92%, but this is due to a majority of the costs being paid early in the year. Overage in Police/Public Safety is also due to timing of payments. Both are expected to remain within budget for 2018. OPERATING EXPENDITURES (Excluding Reserves/Transfers) 2nd Quarter Comparison 2015 to 2018 2015 2016 2017 2018 Budget to Actual Variance Actual Actual Actual Total Budget 2nd Qtr Budget Actual $ Variance % Variance City Council $ 145,654 $ 83,162 $ 88,988 $ 151,921 $ 75,961 $ 100,205 $ 24,245 31.92% City Manager's Office 228,201 213,613 193,934 542,043 271,022 199,731 (71,291) -26.30% Finance and Administrative Services 613,559 560,227 691,549 2,220,226 1,110,113 735,411 (374,702) -33.75% Community & Economic Development 752,231 825,522 942,643 2,434,060 1,217,030 1,059,428 (157,602) -12.95% Public Works & Parks 654,491 624,818 762,137 2,026,304 1,013,152 750,108 (263,044) -25.96% Surface Water Management 515,024 469,013 620,682 1,603,207 801,604 702,201 (99,403) -12.40% Police/Public Safety 1,972,311 2,105,883 2,237,905 5,203,029 2,237,905 2,362,758 124,853 5.58% Engineering 149,833 138,989 126,392 400,609 200,305 171,143 (29,162) -14.56% 5,031,304 5,021,227 5,664,230 14,581,399 6,927,090 6,080,985 $ (846,105) -12.21% City of University Place 4 Second Quarter 2018
POLICE/PUBLIC SAFETY FUND REVENUES AND EXPENSES 2ndQuarter POLICE AND PUBLIC SAFETY 2015 2016 2017 2018 Budget to Actual Actual Actual Actual Budget 2nd Qtr Budget Actual $ Variance % Variance REVENUES Property Tax 2,141,407 2,182,844 2,222,113 4,327,743 2,163,872 2,276,366 112,495 5.20% Local Criminal Justice Sales Tax 237,899 256,890 276,370 519,999 260,000 300,657 40,657 15.64% Gambling Tax Reported in General Fund 45,000 22,500 33,712 11,212 49.83% Alarm Permit Fees 3,163 3,887 4,428 8,500 4,250 4,462 212 4.99% Criminal Justice Funding 48,317 49,658 51,674 104,221 52,111 53,393 1,283 2.46% Liquor Profits Tax - Public Safety 27,852 27,662 27,533 54,689 27,345 27,334 (11) -0.04% Law Enforcement Svces/DUI Response 5,902 1,949 - Remitted with Court fees - n/a UPSD/SRO Reimbursement 23,880 29,514 30,402 62,623 31,312 31,314 3 0.01% SWM Administrative Fee - City Attorney 28,765 26,855 28,571 67,788 33,894 27,613 (6,281) -18.53% False Alarms 1,001 333 2,501 1,000 500 1,093 593 118.60% Court Fees 5,259 21,929 28,833 70,000 35,000 35,226 226 0.65% Animal Control 27,639 26,478 25,506 52,722 26,361 24,904 (1,457) -5.53% Grants/Contributions 2,295 2,288 1,307 7,800 3,900 1,825 (2,075) n/a Crime Free Multi-Housing 325-600 - - 275 275 n/a Judgements/Settlements - Code Enf - - - - - 3,000 3,000 n/a Miscellaneous - - - - - - - n/a Total Revenues 2,553,705 2,630,287 2,699,837 5,322,085 2,661,043 2,821,173 160,131 6.02% Expenditures Municipal Court 42,646 50,887 97,319 285,500 142,750 140,201 (2,549) -1.79% Emergency Preparedness 16,861 28,337 28,997 73,202 36,601 23,085 (13,516) -36.93% Legal Services 174,336 162,763 173,157 410,835 205,418 167,350 (38,068) -18.53% Police 1,546,652 1,707,539 1,739,650 3,916,059 1,958,030 1,853,600 (104,429) -5.33% Public Safety 49,451 48,303 55,300 122,284 61,142 55,446 (5,696) -9.32% Animal Control 36,631 36,517 46,778 123,354 61,677 39,428 (22,249) -36.07% Code Enforcement 33,827 20,343 47,922 146,795 73,398 50,772 (22,626) -30.83% Jail 72,177 51,194 48,782 125,000 62,500 32,875 (29,625) -47.40% Total Expenditures 1,972,581 2,105,883 2,237,905 5,203,029 2,601,515 2,362,757 (238,758) -9.18% Revenues: Public Safety revenues are up 6.02% compared to 2018 budget estimates. Local Criminal Justice Sales tax which is up 15.64% over budget estimates. Animal Control revenue are below budget estimates by 5.53% and are also down when compared to the 2 nd Quarter of 2017. Expenditures: Total expenditures are down 9.18% when compared to 2018 budget estimates. Animal control is down 36.07%, but the June bill has not been received yet, so we have only paid through May. Jail is down 47.40%, but this is also a timing issue as we have not yet received the June bill. City of University Place 5 Second Quarter 2018
. DEVELOPMENT SERVICES FUND REVENUES AND EXPENSES Development Services fee revenue for the 2nd quarter, 2018 are above budget estimates by 22.85%. Other revenue sources include the General Fund transfers for non-fee supported services which, through the Second quarter 2018 was $286,000. Expenditures through are down 11.58% compared to the second quarter budget estimates. REVENUES Development Services 2015 2016 2017 2018 Budget to Actual Actual Actual Actual Budget 2nd Qtr Budget Actual $ Variance % Variance Fees Building Fees 131,000 139,003 429,848 604,076 302,038 350,777 48,739 16.14% Planning Fees 23,837 39,969 39,355 63,708 31,854 37,584 5,730 17.99% Fire Fees 36,335 24,471 50,449 67,247 33,624 51,649 18,025 53.61% Engineering 149,727 22,713 34,484 117,075 58,538 83,396 24,859 42.47% 340,899 226,156 554,136 852,106 426,053 523,406 97,353 22.85% Other Sources Transfer in: General Fund 220,570 188,757 190,566 571,899 285,950 286,000 Transfer In: SWM Fund 7,500 516 1,863 12,000 6,000 - Fines & Forfeitures 5,289 2,261 1,913 - - 924 Miscellaneous Revenue 140-183 - - 1,302 Total Revenues 574,398 417,690 748,661 1,436,005 $ 718,003 811,632 EXPENDITURES Development Services 523,815 532,559 616,968 1,583,822 791,911 695,928 (95,983) -12.12% Fire Control 27,622 25,943 36,657 81,112 40,556 40,153 (403) -0.99% Total Expendiutures 551,437 558,502 653,625 1,664,934 832,467 736,081 (96,386) -11.58% City of University Place 6 Second Quarter 2018
INDIVIDUAL REVENUES The information presented below provides a detailed look at the major revenues for the City. Sales Tax Sales tax is a cyclical revenue source and is an area that we budget very conservatively. Revenues are higher in some months, so simply doing a budget to actual comparison does not give us a clear view of how the revenues are tracking. The chart on page 2 shows that Sales tax is up 9.90% when comparing budget to actual for 2018. Below are more detailed breakdowns by month of the figures shown on page 2. Local Sales Tax Revenue Monthly Comparison 2015 2016 2017 2018 MONTH Actual Actual Actual Actual January $ 320,380 $ 331,629 $ 273,552 $ 300,144 February 234,718 187,548 180,591 211,717 March 247,286 201,597 185,008 189,760 April 297,502 216,715 220,994 251,489 May 261,258 231,268 184,776 209,941 June 274,894 231,033 207,149 246,356 Total $ 1,636,038 $ 1,399,790 $ 1,252,070 $ 1,409,407 Taxable Sales $ 194,766,429 $ 166,641,667 $ 149,055,952 $ 167,786,548 2015 2016 2017 2018 2018 vs 2017 2nd Qtr Actual Category Actual Actual Actual Actual $ Variance % Variance Retail Trade $ 451,973 $ 485,134 $ 511,435 $ 583,874 72,439 14.2% Services 23,793 23,808 25,383 26,066 683 2.7% Construction 674,201 376,388 239,917 254,666 14,749 6.1% Accommodation and Food Svce 124,388 129,843 133,345 141,950 8,605 6.5% Information 90,110 82,004 85,817 89,092 3,275 3.8% Arts, Entertain, Recreation 43,692 34,073 28,248 27,092 (1,156) -4.1% Admin, Supp, Med Svces 27,967 32,900 34,414 68,031 33,617 97.7% Transp/Warehousing/Utilities 4,371 935 712 1,186 474 66.6% Wholesaling 48,299 38,005 42,739 57,536 14,797 34.6% Manufacturing 19,644 13,675 21,575 24,819 3,244 15.0% Other 57,525 57,616 60,433 66,809 6,376 10.6% Finance/Insur/Real Estate 54,901 101,636 44,706 46,585 1,879 4.2% Government 15,174 23,773 23,346 21,701 (1,645) -7.0% Total $ 1,636,038 $ 1,399,790 $ 1,252,070 $ 1,409,407 $ 157,337 12.6% Sales tax by category is provided by TaxTools Local Sales Tax Revenue 2nd Quarter By Category City of University Place 7 Second Quarter 2018
Real Estate Excise Tax Real Estate Excise Tax, at $947,541 is 70.81% over our 2018 budget estimate for the first half of the year. Real estate sales continue to improve due to the improved economy. REET Second Quarter Monthly Comparison 2015 2016 2017 2018 MONTH Actual Actual Actual Actual January $ 85,619 $ 102,530 $ 77,733 $ 106,750 February 41,421 63,237 108,418 86,037 March 29,244 47,566 47,960 64,248 April 58,413 87,684 85,950 137,788 May 95,126 106,334 174,098 150,432 June 156,177 81,178 128,725 402,286 Total $ 466,000 $ 488,529 $ 622,884 $ 947,541 Taxable Sales $ 55,476,225 $ 58,158,258 $ 74,152,844 $ 112,802,494 City of University Place 8 Second Quarter 2018
State-Shared Revenues Total state-shared revenues are up 3.64% over 2018 budget estimates. Fuel Tax is the largest revenue source of our State-Shared Revenues and is down 4.14% when compared to our budget estimates. This tax is tied to the number of gallons sold, not the price per gallon. As a result, gas price increases or decreases have no effect on revenue. The Fuel Tax is collected at the state level and is distributed to cities based on percent of population as compared with the State. State of Washington City Assistance is up 13.07% from budget estimates. Each year the state gives us an estimate of the amount that we should expect to receive, but there is no guarantee that we will receive it. Therefore, we include a reduced amount in our budget estimates. Leasehold Excise taxes are down 8.83%. Tax is collected on property owned by state of local governments and leased to private parties. Currently the City only has two tenants that are required to pay leasehold excise tax, so our tax revenues are very minimal. A third tenant has received a non-profit exemption. Criminal Justice Sale Tax is above estimates at 15.64% and other Criminal Justice Funding is up 2.46% when compared to second quarter budget estimates. STATE SHARED REVENUES 2015 2016 2017 2018 Budget to Actual CATEGORY Actual Actual Actual Total Budget 2nd Qtr Budget Actual $ Variance % Variance Liquor Profits Tax $ 137,678 $ 136,736 $ 136,100 $ 270,337 $ 135,169 $ 135,115 $ (54) -0.04% Liquor Excise Tax 33,987 75,541 77,148 160,441 80,221 82,200 1,980 2.47% Leashold Excise Tax 479 455 715 1,000 500 456 (44) -8.83% Fuel Tax 313,407 351,087 343,052 754,269 377,135 361,519 (15,616) -4.14% City Assistance 51,629 51,345 49,024 100,500 50,250 56,820 6,570 13.07% Local Crim Justice Sales Tax 237,899 256,890 276,370 519,999 260,000 300,657 40,657 15.64% Criminal Justice Fundng 48,317 49,658 51,674 104,221 52,111 53,393 1,283 2.46% Total $ 823,397 $ 921,712 $ 934,082 $ 1,910,767 $ 955,384 $ 990,159 $ 34,775 3.64% % Change from prior year 3.9% 11.9% 1.3% 7.4% City of University Place 9 Second Quarter 2018
Utility Tax Overall, utility tax revenue is 3.29% above 2018 budget estimates. Natural gas taxes, at $214,335, are up 19.08% over second quarter budget estimates due largely to the colder weather in the first quarter of 2018. Garbage is up 9.84%. Cable television taxes at $340,033 are up 0.01%. Cell phone tax revenues of $195,6819 are down 11.05% compared to budget estimates. Telephone tax, at $78,716 is down 1.61% from 2018 budget estimates. Budget estimates for both Cellular and Telephone continue to be an area that we monitor closely. These budgets estimates are being reduced in the upcoming budget adjustment. Utility Tax Revenues 2nd Quarter Collections 2015 2016 2017 2018 Budget to Actual Actual Actual Actual Budget 2nd Qtr Budget Actual $ Variance % Variance Gas 206,857 195,021 253,669 360,000 180,000 214,335 34,335 19.08% Garbage 169,426 187,351 189,507 365,000 182,500 200,464 17,964 9.84% Cable 334,500 343,195 350,147 680,000 340,000 340,033 33 0.01% Phone 95,611 89,445 81,711 160,000 80,000 78,716 (1,284) -1.61% Cellular 282,481 248,636 228,077 440,000 220,000 195,681 (24,319) -11.05% SWM 98,228 97,235 97,619 180,000 90,000 99,236 9,236 10.26% Total Revenue 1,187,104 1,160,882 1,200,730 2,185,000 1,092,500 1,128,463 35,963 3.29% Franchise Fees Overall, Franchise Fee revenue is up 1.53% over budget estimates. Cable is below budget by 3.13%, Refuse is up by 6.02% and Sewer is up by 11.38%. Franchise Fees 2nd Quarter Collections 2015 2016 2017 2018 Budget to Actual Actual Actual Actual Budget 2nd Qtr Budget Actual $ Variance % Variance Cable 256,926 266,349 273,749 535,000 267,500 259,138 (8,362) -3.13% Refuse 140,441 154,326 156,590 315,000 157,500 166,982 9,482 6.02% Water 293,107 310,360 307,770 626,554 313,277 313,277 0 0.00% Electric 559,340 540,184 545,020 1,182,129 591,065 591,065 0 0.00% Sewer - - 167,259 390,775 195,388 217,631 22,244 11.38% Total Revenue 1,249,815 1,271,219 1,450,388 3,049,458 1,524,729 1,548,093 23,364 1.53% City of University Place 10 Second Quarter 2018
Transportation Benefit District (TBD) Fees Second Quarter 2018 revenues of $251,074 are 5.72% over our budget estimates and 0.44% below the same period in 2017. Transportation Benefit District fees are collected to fund maintenance, preservation, and safety enhancements to University Place's existing transportation network. 2015 2016 2017 2018 MONTH Actual Actual Actual Actual January $ 31,304 $ 31,066 $ 38,432 $ 40,592 February 30,433 32,848 32,432 36,264 March 35,442 38,392 47,381 45,530 April 36,828 35,583 40,016 42,471 May 34,551 34,333 45,302 45,984 June 42,116 39,521 48,609 40,234 July 33,738 29,502 33,482 - August 34,056 40,432 49,282 - September 31,145 33,058 36,412 - October 31,423 28,215 38,339 - November 23,443 27,661 34,155 - December 30,235 31,720 37,066 - Total $ 394,713 $ 402,330 $ 480,909 $ 251,074 City of University Place 11 Second Quarter 2018
CAPITAL IMPROVEMENT FUNDS - YTD EXPENSES AND STATUS The table below reflects the active projects for 2018. The Parks CIP Fund is funded in large part by Parks Impact Fees and will not see any significant increase in monies over the next several years without additional funding sources. Public Works CIP is largely funded by Grants and restricted funds: Arterial Street Fund, REET Fund, SWM Fund and Traffic Impact Fees. Muni CIP was funded with transfers from the General Fund for the design and construction of the City Hall tenant improvements and Police Offices at the Civic Building. CIP projects are multi-year, but costs are budgeted in one year with the remaining budget being carried forward to the next year. PROJECT Status 2018 Budget 2018 YTD Parks Capital Improvement Cirque Park Ongoing $ 1,016 $ - Sunset Terrace Park Not Started 350,000 - Colgate Park Improvements Not Started 8,000 - Paradise Pond Park In Progress 24,878 4,555 Riconizuto Park In Progress 10,000 2,346 Chambers/Leach Creek Trail (Trail Const. and Easement purchases) In Progress 66,700 2,636 $ 460,594 $ 9,537 Public Works Capital Improvement CIP Personnel On-going $ 332,621 $ 60,421 Street Overlay Not started 300,000 - Bridgeport Way - Phase 4A Construction 329,673 219,808 Bridgeport Way - Phase 4B Design/Engineering 2,000,000 Bridgeport Way - Phase 5 In Progress 2,692 2,692 Bridgeport Overlay Not Started 1,178,525 - Mildred Street Completed 757 757 Mildred Overlay Construction 420,000 5,954 27th St W/Regents TIB Construction 1,109 1,109 27th St. Phase 2 (Grandview to Bridgeport Design/Engineering 1,697,421 54,721 35th Street (Bridgeport to Grandview) Not started 520,000 54th Street Improvements Enforcement 619 619 67th Overlay Not Started 453,989 - Larsen Lane Construction 200,000 118 Market Square Improvements Not Started 60,000 - Morrison CDBG Construction 176,887 176,953 Neighborhood CIP On-going/as needed 67,998 - Cirque/56th Street Corridor Construction 1,469,756 1,297,322 Upgrade School Flasher Beacons Not started 70,124 - SWM - Storm Drainage for CIP On-going/As needed 200,000 - SWM - Stormwater NCIP As Needed 130,000 - SWM - Leach Creek Channel Habitat Restoration On Hold 59,615 - SWM - Soundview Dr. W Construction 244,922 27,716 SWM - Tahoma Place Design/Engineering 640,655 - SWM - Olympic Dr. W (Grandview to 31st) Design/Engineering 334,056 - SafeRoutes - 44th Street Enforcement 7,238 7,238 LRF - Market Place Street & Pedestrian Improvements In Progress 42,884 - LRF - Garage & Elevator Improvements In Progress 80,707 - LRF - Market Place Phase 5 In Progress 10,000 - Contingency $ 1,418,491 12,450,741 $ 1,855,430 Municipal Facilities CIP Library/Civic Building Tis Construction $ 4,359,837 $ 402,211 1st Floor Restroom Construction 68,463 - Police Offices Construction 2,409,551 - Suite 102 Electrical Panel Construction 26,361 - $ 6,864,212 $ 402,211 City of University Place 12 Second Quarter 2018
MISCELLANEOUS DATA TOTAL PROPERTY TAX LEVY PER $1,000 AV 2014 2015 2016 2017 2018 City of University Place $ 1.43 $ 1.35 $ 1.31 $ 1.23 $ 1.13 County $ 1.50 $ 1.43 $ 1.38 $ 1.28 $ 1.18 State $ 2.53 $ 2.39 $ 2.23 $ 2.07 $ 1.88 State School Levy 2 $ - $ - $ - $ - $ 1.03 Fire District #3 EMS $ 0.50 $ 0.50 $ 0.50 $ 0.50 $ 0.48 Fire District #3 Expense $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.46 Fire District #3 M&O $ 1.52 $ 1.42 $ 1.33 $ 1.23 $ 1.10 UP School District - Bond $ 2.89 $ 2.69 $ 2.52 $ 2.31 $ 2.08 UP School District - Capital Projects $ - $ 0.26 $ 0.23 $ 0.20 $ 0.18 UP School District - M&O $ 4.27 $ 4.22 $ 4.14 $ 3.82 $ 3.53 Port of Tacoma $ 0.18 $ 0.18 $ 0.18 $ 0.18 $ 0.18 Pierce County Rural Library $ 0.50 $ 0.50 $ 0.50 $ 0.47 $ 0.43 Central Pierce Regional Transit $ - $ - $ - $ 0.25 $ 0.23 Conservation Futures $ 0.06 $ 0.05 $ 0.05 $ 0.05 $ 0.04 Flood Control Zone $ 0.10 $ 0.10 $ 0.10 $ 0.09 $ 0.08 $ 16.99 $ 16.59 $ 15.98 $ 15.18 $ 15.03 OPERATING INDICATORS 2014 2015 2016 2017 Building Permits Building Permits Issued 822 752 925 1,284 Police Part 1 Crimes* 815 824 936 959 DUI Arrests 51 53 28 34 Other Traffic Arrests 154 132 143 162 Fire** Emergency Medical Responses 9,128 10,545 11,260 11,616 Fire Responses 286 448 384 410 Other 4,593 4,465 4,236 3,881 Public Works Feet of Sidewalks Maintained 144,308 184,890 184,890 219,120 * Part 1 Crimes includes Violent Crime (Aggravated Assault, Murder, Rape, Robbery) and Property Crime (Arson Motor Vehicle Theft, Burglary and Theft) ** The City of University Place is served by West Pierce Fire and Rescue, which prior to 2011 was Pierce County Fire District #3. West Pierce cannot provide data for University Place only. City of University Place 13 Second Quarter 2018
REPORT SUMMARY The report has been produced reflecting City Council s desire for detailed information on individual revenues and expenditures. The report is a continuing work in progress and if there is any additional analysis or trend information you would like to see in the report, please let us know and we will endeavor to include your requests in future reports. Please do not hesitate to contact Leslie Blaisdell, Finance Director, if you have any questions about any information provided in this report. Revenue and Expense Summary The City s general government revenues were 10.33% above 2018 second quarter budget estimates. Operating Expenditures (excluding reserves and transfers) are below estimates by 12.21%. Utility taxes continue be an area that we watch closely. Total utility tax revenues are currently above our projections by 3.29%. State Shared revenues are up 3.64%, but continued funding of the State of Washington City Assistance and Liquor taxes is not guaranteed. Budget Strategic Issues The City s current financial forecast indicates that existing services and legal and contractual obligations can be met with existing revenues through the forecast period. The Council continues to evaluate other financing options in support of Public Safety and Street Maintenance. City of University Place 14 Second Quarter 2018