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Home My WebLink About11-13-2012 - Supplemental Materials (2)2013 Annua u e overview November 13, 2012 Public Hearing 2013 Budget Overview General Fund 2013 Revenue Assumptions: • Property Tax increase of 1%, plus new construction per King County Assessor's Office. • Increase Utility Tax and Franchise Fee rate from 3% to 4% for one year with a Utility Tax expiration date of January 20140 • General Fund Revenue Budget decreases by ($76,108) in 2013 compared to the 2012 Budget. This is primarily due to decreased Sales Tax Revenue Projections for 2013 based on real decreases in 2012 Sales Tax Revenue. • Utilize $103,631 of available General Fund Balance Resources in 2013. (This will leave $1,766,708 in General Fund Ending Balance, which is $383,476 above the Policy requirement in General Fund Balance.) 2013 Budgeted Revenues General Fines Forfeitures 1 % Leases_ Investments 1 % 2013 Budget Overview General Fund 2013 Expense Assumptions: • The Increase in 2013 General Fund Expense compared to 2012 General Fund Expense is $169.,282. • This is primarily attributed to: — Increases in Expense for Direct Labor, Development Consultant Labor and Camera System Component Replacement — Decreases in Other areas of Operating Expense 2013 Budget Overview General Fund 2013 Expense Increases: $ 69,293 Direct Labor increases for Labor Contracts, Medical and Retirement $ 541225 Direct Labor reallocated from Street Fund to General Fund 76 500 Development Consultant Labor Expense Increase $200,018 Labor Related Increases (Direct and Consultant) $ 39,000 Camera System Component Replacements $239.,018 Total for Direct Labor, Consultant Labor and Camera Systems 2013 Budget Overview General Fund 2013 Expense Decreases: ($10,,800) Reduction to Legislative (Airport Noise Consultant) ($22,,000) Reduction to Municipal Court (2011/2012 actuals) ($12,,419) Reduction in Fire & Medical Contract (New contract) ($22,,306) Reduction in Emergency Preparedness (coach, Consultant) ($ 2,? 211 Reduction to Lifeguard (9 Week Program) ($69,?736) Total Reductions to 2013 Expense Budget $239,018 Expense Increases ($69,736) Expense Reductions $169,f282 NET Expense Increase 2013 Budgeted Expenditures General 2013 Budget Overview Capital Funds Capital Projects Fund: Legislation allows for REET 1 & REET 2 Capital Revenues to be used for limited operations and maintenance of existing capital projects • $110,,000 of REET Capital will be transferred from the Capital Fund to the Street Fund to fund Street Operations. • $200,000 will be transferred from the Capital Reserve Fund to the Capital Projects Fund for a one time capital outlay for City Shop storage. Capital Reserve Fund: • 2013 Ending Fund Balance in Capital Reserve Fund: $1,876.,380 2013 Required Ending Fund Balance: $1.0045,230 20% of 2013 Expense perfinancial policy 2013 Programs, Projects Services • 2013 City Council Strategic Goals — All Departments • Police Department that is fully staffed and Accredited • Camera System Upkeep and Component Replacement • Police Car replacement for Car #8 >10 years, 100,000 mi. • Continued Public Records Request Services to Public • Communications- Continue to expand electronic news, updates, emails, website • Improve Shop Storage Facility and improve efficiency with records storage and retrieval • Streets- Asphalt Overlay (80th) and Crack sealing repair (Evergreen Point Road) Medina City Council Meeting November 13, 2012 Statement by Janie Lee, Council Member I am stating for the record that I am not in support of approving the proposed 2013 Budget for the following reasons: 1) Expenditures exceed Revenues by over $100,000 and fundamentally this is setting a precedent of a budget that is not "sustainable". 2) We have expenditures that exceeds revenues and yet we are approving a tax increase and salary increases. � �qe��j 3) 1 disapprove of the 5% raise proposed to the City Man er's salary given that we have a budget in which expenditures exceed revenues an the City Manager is highly paid in comparison to other municipalities in similar size. Her salary puts her compensation in line with the City Manager of Puyallup who manages a $100M budget and oversees 309 employees. Our budget represents 6% of Puyallup's Budget and 4% of their total number of employees. Ccfe- ) Y Sc HOUSING DEVELOPMENT consortium HDC,, Affordable Housing Members: November 12, 2012 Low-income Housing organizations Community Development Medina City Council Corporations Medina City Hall special Needs Housing 501 Evergreen Point Road Organizations PO BOX 144 public Housing Authorities Medina, WA 98039 Community Action Agencies Workforce Housing Organizations public Development Authorities RE: Funding ARCH (A Regional Coalition for Housing) in the 2013 Budget Agencies and Government commissions Dear Council Member, Architects and Designers Development specialists Thank you for the opportunity to comment on your proposed 2013 Budget. On Public Accountants behalf of the King County Housing Development Consortium's (HDC) more Certified Lenders than 100 organizational members, thank you for your past participation in, Regional Funders and and Lenders and support for, ARCH (A Regional Coalition for Housing). We urge you to National Fenders Specialists continue your commitment to ARCH by supporting ARCH funding in the community Investment final budget you adopt. property Managers Law Firms HDC is a nonprofit, membership organization which represents private Contractors businesses, nonprofit organizations, and government agencies who are working to develop affordable housing across King County and who are dedicated to the vision that all people should have a safe, healthy, and affordable home. We applaud you for your work toward achieving this vision, through your past participation in ARCH, and for reaffirming your commitment to this vision by funding ARCH in your proposed 2013 Budget. ARCH helps communities on the eastside provide more affordable housing choices for low-income families by assisting cities in developing creative, targeted land use tools and by funding the development of affordable homes through the ARCH Housing Trust Fund. Since its inception, ARCH funding has contributed to the creation of more than 2500 affordable homes across the eastside. A.%fordtn 1402 Third Avenue, Suite 1230 KOphortuatty Seattle, Washington 98101 206.682.9541 Fax 206.623.4669 www.hcusingconscrtium.org Unfortunately, this work continues to fall short of meeting the needs of all eastside families. Currently, more than 1/3 of eastside residents are paying more than 30% of their income for housing costs, the federal standard for affordability, and 15% are paying more than 50% of their income for housing. Working families on the eastside need to be able to afford their housing and still have enough money left over for basic expenses like groceries, gas and child care. Please support affordable housing opportunities in East King County by continuing your participation in ARCH and by prioritizing funding for ARCH in your 2013 Budget. Best Regards, Kelly i er Policy Director