• To: B: Sub·ect:

CITY OF WOODINVILLE, WA

REPORT TO THE CITY COUNCIL 17301 133rd Avenue NE, Wood inville, WA 98072 WWW.Cl.WOODINVILLE.WA.US

Honorable City Council Date: 03/07/2017

FINANCIAL ACTION SUMMARY Ex enditure Re uired roved

ISSUE: Shall the City Council receive the Treasury Report for January 2017?

RECOMMENDATION: To receive the Treasury Report for the month of January 2017.

BACKGROUND/DISCUSSION: Revenues and expenditures are reported through January 2017 (4% of the biennium).

Total Operating Revenues The City received $855,800 in operating revenues in January which were $188,000, or 28%, more than forecast.

Primary Operating Revenues January 2017 Sales Tax revenues used for operations were $393,900, a $32,000, or 9% increase over January of 2016. Sales tax from Retail Trade contributed $17,200 to the increase, due to higher sales in furniture and home furnishings and beer, wine and liquor stores. Sales tax from Accommodation and Food Services increased by $7,200, or 13%, mainly because of new restaurants. Sales tax from Wholesale Trade and Manufacturing both grew at the modest rate of 2%.

Utility Tax revenues designated for operating activities totaled $76,000 in January, $14,100 more than anticipated due to December receipts received in January.

January 2017 Property Tax revenues were $3,000, as forecast.

Development Services revenues were $102,300 higher than forecast in January, due to the timing of significant projects.

Park & Recreation revenues were $38,300, $6,300, or 19. 7% higher than forecast.

The City received $7,000 in revenue from Business License fees in January.

Capital Project Revenues Utility Tax revenues designated for capital projects totaled $26,200 in January, $5,500 more than anticipated due to December receipts received in January.

Sales Tax from Construction revenues were $97,100 in January, $20,500, or 27%, more than January of 2016.

The City received $108,900 in Real Estate Excise Tax (REET I & II) in January.

The City received $295,900 in Traffic Impact fees in January, $230,000 more than anticipated due to the timing of a significant development. As forecast, no Park Impact fee revenue, other than interest, was received in January.

Expenditures Operating Expenditures were $624,523 in January, 9.5%, or $65,400, lower than forecast.

RECOMMENDED MOTION: I MOVE TO RECEIVE THE JANUARY 2017 TREASURY REPORT.

77

Bl

Attachment 1: January 2017 Treasury Report

TREASURY REPORT

January 2017

79

City of Woodinville, Washington 17301 133rd Avenue NE

Woodinville, Washington 98072

08

Operating Revenue and Expenditures

2017 -2018 2017. 2018 Budget Actual

Jan-17 $373,333 $393,858 Feb-17 $884,733

Mar-17 $1,2 14,795 Apr-17 $1,394,306

May-17 $1,786,844 Jun-17 $2,159,631

Jul-17 $2,575,644 Aug-17 $3,033,602

Sep-17 $3,469,630 Oct-17 $3,872,619

Nov-17 $4,331,833 Dec-17 $4,735,151

Jan- 18 $5,125,716 Feb-18 $5,696,182

Mar-18 $6,038,719 Apr-18 $6,400,514

May-18 $6,833,095 Jun- 18 $7,239,434

Jul-18 $7,659,607 Aug- 18 $8,144,364 Sep-18 $8,559,557 Oct- 18 $9,044,230

Nov- 18 $9,537,473 Dec-18 $9,953,341

2017 -2018 2017. 2018 Budget Actual

Jan-17 $2,975 $2,982 Feb- 17 $22,259 Mar- 17 $95,810

Apr-17 $859,418 May-17 $1,596,021

Jun-17 $1,606,009 Jul-17 $1,612,589

Aug-17 $1,617,241 Sep-17 $1,652,74 1

Oct-17 $2,260,843 Nov-17 $3,082,087 Dec-17 $3,093,908

Jan-18 $3,097,411 Feb-18 $3,124,349

Mar-18 $3,195,423

Apr- 18 $3,902,462

May-18 $4,726,705 Jun- 18 $4,737,310

Jul- 18 $4,742,865

Aug- 18 $4,758,096 Sep-18 $4,803,410

Oct- 18 $5,393,364

Nov- 18 $6,165,1 27

Dec-18 $6,201,956

$10,500,000

$9,ooopoo

$7,500POO

$6,ooopoo

$4,500,000

$3,000,000

$1,500poo

$0 fl ~ j

Sales Tax Revenue (Excluding Sales Tax from Construction)

~~,~~u !::: !::: !::: !::: " ~ " " " " " CX) CX) co to CX)

J, ~ ~ ;.. c ~ &, a. 8 > u § J, 0 ll. >-" 0 ~ ~ " 0 "' l a u. ~ <(

~ "' z 0 ~ <( ~

CX) to CX) CX) co

c ~ 6, ii 8 ~ ~ .. "'

- 2017 -20 18 Budget =2015 -2016 Actua l --2017 - 2018 Actual

to

> 0 z

*Does not include revenue from sales tax from construction or streamlined sales tax mitigation which ls designated for capital imrprovement p rojecn(CIP).

Property Tax Revenue

$6,750,000

$6,000,000

$5,250,000

$4,500,000

$3,750,000

$3,000,000

$2,250,000

$1,500,000

$750,000

$0 ~ - J~~~H " !::: !::: !::: !::: " " " !::: " " " a, CX) ~ ~ to to CX) CX) co to co ~ j J, ~ ~ >- c ~ &, ii v > u ii J, 0 a. >- c ~ 6, ii .!. > ~ " 0 ~ ~ " 0 " .f j ~ :, "

u 0 u. ~ <( ~ "' 0 z 0 ~ <( <( 1/) 0 z 0

- 2017 -2018 Budget = 2015 - 201 6 Aclval --2017 - 2018 Actual

81

a,

~ 0

Operating Revenue and Expenditures

Jan- 17

Feb-17

Mar-17

Apr-17

May-17

Jun-17

Jul-17

Aug-17

Sep-1 7

Od-17

Nov-17

Dec- 17

Jan-18

Feb-18

Mar- 18

Apr- 18

May- 18

Jun- 18

Jul-18

Aug-18

Sep-18

Oct-18

Nov-18

Dec-18

Jan-17

Feb-1 7

Mar- 17

Apr-17

May-17

Jun-17

Jul- 17

Aug- 17

Sep- 17

Od-17

Nov-17

Dec-17

Jan-18

Feb-18

Mar-18

Apr- 18

May-18

Jun- 18

Jul-18

Aug-18

Sep-18

Od-1 8

Nov-18

Dec- 18

2017 -2018 2017 - 2018 Budget Adual

$37,894

$188,695 $140,082 $2,750,000

Development Services Revenue from Permits, Licenses & Fees*

$215,612

$273,974

$330,81 1

$420,219

$588,653

$660,354

$783,041

$832,422

$899,951

$942,909

$981,254

$1,078,921

$1,174,637

$1,230,057

$1,278,277

$1,379,356

$1,425,393

$1,479,353

$1,539,685

$1,643,762

$1,993,642

$2,136,580

2017-2018 2017 - 2018 Budget Adual

$31,970 $38,277

$36,587

$64,487

$68,71 1

$75,800

$133,106

$141,925

$147,534

$166,310

$168,826

$171,372

$205,875

$237,845

$242,462

$270,362

$274,586

$281,675

$338,981

$347,800

$353,409

$372,185

$374,701

$377,247

$4 11 ,750

$2,500,000

$2,250,000

$2,000,000

$1,750,000

$1,500,000

$1,250,000

$1,000,000

$750,000

$500,000

$250,000

$0 ~ ~~~~~1 !::: !::: !::: !::: !::: !::: !::: §~~i~§~ ~u.::;:<::;:~

- 2017-2018 Budget

""'""'"coco co CO ~ 00 CO ~ CO CO 00 -- - -- - - - - - - - - - - -I I I I I I I I I I I I I I I I

I ! 8 l ~ ] ~ "°'>-§;i0>Q.8>U ~ l ~ ~ ~ ~ ~ ~

r= 2015 • 2016 Acrual --201 7 • 2018 Actual

*Does not include revenue received for tree mitigation which is budgeted for use on capital projects.

Parks and Recreation Revenue

$450,000

$400,000

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0 L~~u " " !::: !::: !::: " !::: !::: !::: !::: " !::: "' CX) CX) CX) CX) "' CX) CX) CX) CX) CX) a,

6 J, 0 ~ " c 3 g> ~ t; > u ii J, ~ a. " c 3 &, a. ~ > u ., a , ~ 0 ., ., a a ,

~ ~ ., 0 ~

~ u. ::;: < ::;: ~ < V) 0 z 0 ~ u.. ::;: < ::;: ~ V) z

- 2017 -2018 Budget = 2015. 2016 Actual* --2017 . 201 8 Actual

82

Operating Revenue and Expenditures

2017 -2018 2017 • 2018 Budget Actual

Jan-17 $61,985 $76,042

Feb-17 $131,326

Mar-17 $199,703

Apr-17 $248,138

May-17 $302,633

Jun-17 $353,700

Jul-17 $410,729

Aug-17 $460,615

Sep-17 $510,871

Oct- 17 $578,069

Nov-17 $617,354

Dec-17 $669,332

Jon-18 $731,317

Feb-18 $800,657

Mar-18 $869,034

Apr-18 $917,470

Moy-18 $971,964

Jun-18 $1,023,032

Jul-18 $1,080,061

Aug-18 $1,129,947

Sep-18 $1,180,203

Od-18 $1,247,401

Nov-18 $1,286,686

Dec-18 $1,338,664

· Prior to 2015, Utility Tax revenue

was designated to capital

improvement projects (CIP)

exclusively. In 2015, Council

· designated 60% of Utility Tax

' revenue for use on operating

activities. In turn, revenues from

sales tax from construction, which

are more sensitive to market

conditions and less dependable,

and revenues from streamlined

safes tax mitigation (SST), which

may not be available in the future,

were designated for use on CIP.

In 2016, the proportion of Utility

Tax designated to operations was

increased to 75%. This graph

compares the amount of tax set

aside from the General Funds

(sales tax from construction and

SST) for CIP to the amount of

Utility Tax transferred to the

General Fund for operations since

2015.

Utility Tax Designated for Operations* $1,600POO

$1,400POO

$1,200,000

$1,000,000

$800,000

$600,000

$400,000

d~~~~u $200,000

$0

" ~ ~ ~ " " " " " " " ~ CD CD ~ CD CD CD CD CD CD CX) ~

i J, 0 ii :,.. ] ~ &, Q. u > ~ i ;, l ii :,.. ] ~ &, Q. 8 >

" 0 ~ .. 0 0 .. ~ 0 ~ " 0 u. ~ < ~ < "' z 0 u. < ~ < "' z

- 2017 -2018 Budget c::::::1201 s -2016 Actual --2017 - 2018 Actual

*75% of utility tax revenue is designated for operating activities. This g raph does not include the 25% designated for use on capital Improvement projeds.

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0

Utility Tax for Operations vs. SST & Sales Tax from Construction

83

SST & Sales Tax from Construction,

$3,066,129

~

~ 0

Operating Revenue and Expenditures

2017 -2011 2017 - 2011 llc,dget Adual

Ja•17 $617

Feb-17 $12719 ..... 7 $34,083 Apa-17 $291,956

.,..17 $576,5Tl

Ju•17 $579,597 Jul-17 $634,.454

Aug-17 $635,.421

Sep-17 $644,813

Od-17 $870,285

..... ,7 $1,222,954

Deo-17 $1,225,648

Ja..11 $1,226770

Feb-18 $1,244,543

.... ,. $1,272,337

Apa-18 $1,545764 ...,..11 $1,830,842

Jra..11 $1,845725

Jml-11 $1,847,879

Aug-II $ 1,853,051

Sep-18 $1,871,943

Od-18 $2,117 ,.432

..... , . $2,374,520

Deo-18 $2,404,000

$777

2017 -2018 2017 - 2018 ...... Ja..17 $76,564

Feb-17 $153,169

..... 7 $280705 Apa-17 $357,289

...,..17 $433,874

.Jw..17 $561,410 A,1-17 $637,994

Aug-17 $714,579 Sep-17 $842,115

Od-17 $918,699

..... 17 $995,284

0.-17 $1,122,820

JD.II $1,199,404

Fcb-18 $1,275,989

---·· $1,403,525 Apa-18 $1,480,109 .,...8 $1,556,694

..... 11 $1,684,230

Jul-US $1760,814

Aus-11 $1,837,399

Sep-18 $1,964,935

Od-11 $2,041,519

..... 1. $2,118,104

0.-18 $2,245,640

Adual

$47,571

$2,750.000

$2,500.000

$1,250.000

$?.000.000

$1,750.000

$1,500.000

$1,250.000

$1,000.000

$750,000

Surface Water Management Fund - Revenues

=: . - J~~~~~ ~ ~ ~ t,.,, t-.. ~ ~ ~ ~ ~ ~ ~ e ~ • ~ • ~ • m C e e ~

i~ LL ~ j~~~t~~£A L L~j~~~~ ~ ~ ~ .f i ~ i ~ ~ ~ : o I & ~ ~ I ~ t ~ ~ ~ : o I &

- 2017 -201ea....,. c==i 21n s - 2016.A4ml --2017 - 2018Al:Mll

$1.«>0,000

$2,.200,000

$1.000,000

$1,000,000

$1,600,000

$1,«>0,000

$1,200,000

$1,000,000

$800,000

Surface Water Management Fund -Expenditures

~ ~~~~~H ..... ..... ..... "' cO «> co ~ ~ ~ ~ ~ ~ ~ ~ ~

L >,. C "5 Q O. t;>:, t ! .:! ~ ~ : 0 ~ ~

.... ..... t,.,, ..... ..... t,... t,,.. .....

~~LL~ ~.::: ~ o ,ejt { ~.:!~

b.~1-;;;i~L : 0 z ~ - .f 1

- 2017 -2018 Budget = 201 5 - 201 6 Adual

84

- 20 17-2018Aduol

Operating Revenue and Expenditures

2017 -2018 2017- 2018 Budget Adual

Jan-17 $667,787 $855,791 Feb-17 $1,616,277

Mar-17 $2,31 1,016 Apr-17 $3,759,909

May- 17 $5,423,465 Jun-17 $6,176,447 Jul-17 $7,067,937

Aug-17 $7,844,441 Sep-17 $8,695,583 Od-17 $10,191 ,717

Nov- 17 $12,077,652 Dec- 17 $12,784,921 Jan-18 $13,476,282 Feb-18 $14,432,730

Mar- 18 $15,232,995 Apr-18 $16,829,045

May- 18 $18,614,638 Jun-18 $19,429,405 Jul-18 $20,128,338

Aug-18 $20,912,452 Sep-18 $21,689,463 Od-18 $23,340,433

Nov-18 $25,460,882 Dec- 18 $26,340,489

2017 -2018 2017- 2018 Budget Adual

Jan-17 $689,880 $624,523 Feb-17 $1 ,253,246

Mar-17 $1 ,944,685 Apr-17 $2,630,893

May-17 $3,550,597 Jun-17 $5,599,320 Jul-17 $6,573,491

Aug-17 $7,495,741 Sep-17 $8,698,679 Od-17 $9,672,573

Nov-17 $10,874,129 Dec- 17 $ 12,300,502 Jan-18 $ 1 3, l 22,049 Feb-18 $13,716,484

Mar-18 $14,355,972 Apr-18 $15,360,240

May-18 $15,923,395

Jun-18 $18,033,370 Jul-18 $19,063,314

Aug-18 $19,975,962

Sep-18 $20,979,879 Od-18 $21,859,32 1

Nov- 18 $23,126,628 Dec-18 $24,932,749

Operating Revenue

Revenue from the General*, Street, Park & Recreation, Development Services**, Admissions Tax**, Hotel Motel, Surface Water Management & Internal Service Funds

$27,000,000

$24,000,000

$21,000,000

$18,000,000

$ 15,000,000

$12,000,000

$9,000,000

ti dd~U $6,000,000

$3,000,000

$0

" " " !::, " " " " " " " " a, ~ a, a, a, a, a, CX) a, "' a,

] .0 c i,_ ,;.. I, ~

6, a. 8 ~ /, § .0 ~ l ,;.. c ~

I,, a. ~ ~ ~ o ~ ~ " 0 .. ,f a. 0 ~ ~ .. 0 ~ < ~

.,, z C, ~ < ~ < .,, z - 2017 -2018 Budget =2015 . 2016Actua l -- 2017 · 201 8 Actua l

• Includes 75%, of utility tax revenues designated for operations. Does not include revenues from sales tax from construction or streamlined soles tax mitigation. ••ooes not include revenue restricted for use on capita l projects.

Operating Expenditures Expenditures from the General*, St reet, Park& Recreation, Development Services, Admissions Tax**, Hotel Motel, Surface Water Management, Debt Service & Internal Service Funds

$24,000,000

$21,000,000

$18,000,000

$1 5,000,000

$12,000,000

$9,000,000

$6,000,000

~ ~~~~ ,1 ~~ $3,000,000

$0

" !::, ~ " " " " " !::, " ] .0 ,;.. c b, 0. ~ ,f c Q_ o ~ ~ ~ .. 0 ~ < ~ < .,,

- 2017 -2018 Budget =2015. 2016 Actual

COCOCQCDCD~

:; ~0..0~r-o>V " " o" < "' z

-- 2017 · 2018 Actual

*General Fund expenditures do not include amount expended on property acquisitions. **Admissions Tax amounts do not include $256,463 budgeted For sports fie ld replacement.

85

a,

/,

" C,

Operating Revenue and Expenditures

Jan-17

Feb-17

Mar-17

Apr-17

May- 17

Jun-17

Jul-17

Aug-17

Sep-17

Od- 17

Nov- 17

Dec-17

Jan-18

Feb-18

Mar-18

Apr-18

May-18

Jun-18

Jul-18

Aug-18

Sep-18

Od-18

Nov-18

Dec-18

2017 - 201 8 2017 - 2018 Operating Operating Revenue Expenditures

$855,791 $624,523

Operating Expenditures to Revenue From the General*, Street, Park& Recreation, Development Services, Admissions Tax** Hotel

Motel, Surface Water Management, Debt Service & Internal Service Funds

$25,000,000

$22,500,000

$20,000,000

S 17 ,S00,000

$15,000,000

$12,500,000

$10,000,000

$7,500,000

$5,000,000

$2,500,000

$0 I

" 1 ~ -

!:::: !:::: !:::: !:::: " " " " " .D ~ .!. ;... 1 3

6, ";" ";" of D

~ ~ ~ ! 8 ~ ~

2017 - 2018 Operoting Revenue

" " "' ; u 1 0 u z 0 ~ -"' "' "' "' co "' co "' "' "' "' J, ~ ~ }. 5 "5 6, a. ~ > ~ ,f ~ D ~ ~ .. 0

<( ~ ~

"' z 0

2017 - 2018 Operoting Expenditures

*General Fund expendltures do not include amounts expended on property acquisitions. General Fund revenues exclude streamlined sales tax mitigation a nd soles tax for construction, and include 75% of utility tax designated for operations. **Admissions Tox amounts do nol include $256,463 budgeted for sports field replacement.

Operating Expenditures Amended Budget vs. Actual by Department

$9,000,000

SS,000,000

$7,000,000

$6,000,000

$5,000,000

$4,000,000

$3,000,000

$2,000,000

$1,000,000

$-

_ _ m

legislative

I ~ Lego!

a 2015-2016 Actual

I f 7'. I ~ ti ~ .

0 y, ./. _ ,,, _ ., ..

Executive Administrative

a 2017-2018 Actual

*Budget and actual Include operating expenditures from Internal service funds.

86

~ (

~ ;/

low Enforcement

I r:.,, % -~ ~ f -Development

Servicts

o 2017-2018 audget

~ ~ "' h

/

i

~·· f ~ ~ ~ :;: :?; * t

• Ip Public: Works

Operating Revenue and Expenditures

_pperating Re~enues ~-~d Expenditures .. Budget to Actual

20 17-2018 ThruJanuary 0 Operating Revenue Amended Budget 2017 Yo of Budget

General Fund

Property Tax $ 6,201,95_6 $ 2,982 0% Sales Tax* $ 9,953,341 $ 393,~58 4% Other Taxes $ 662,180 $ 33_!158 5% Cable TV / Licenses $ 588,178 $ 52,720 9% Grants/ Intergovernmental $ 400,716 $ 22,091 6% Other Charges for Services $ 582,303 $ 4,288 1% Fines/ !v\is~ellaneous $ 563,567 $ 39,306 7%

Subtotal General Fund $ 18,952,241 $ 548,703 3%

Other Operating Sources

Surface Water Fees $ 2!404,000 $ 777 0% Gas & Multimodal Transportation Tax $ 527,825 $ 18,774 4% Utility Tax $ 1,332,664 $ 76,042 6% Development Services** ~ 2,136,580 $ 140,082 7% Porks & Recreation $ 411?50 $ 38,277 9% Hotel Motel $ 191_,400 $ 5,541 3% Equ(pment Replacement $ 200 $ 0% Equipment Rental $ 116,200 $ 508 0% Unemp_loyment $ ?5,380 $ 7 0% Admission T ox** $ 202,250 $ 27,079 13%

Subtotal O~her Op Fund~ $ 7,388,249 $ 307,087 4% Total Operating Revenue $ 26,340,490 $ 855,791 3%

2017 -2018 Thru January Operating Expend itures A d d B d

20 % of Budget

men e u gel 17

General Fund*** $ Street Fund*** $ Development ~ervices $ Surfoc_e Water Mo_nogement*** $ Porks & Recreation $ Equipment Rental*** $ Unemployment $ Hotel Motel $ Total Operating Expenditures $

Debt Service $

15,2~6,729

?,07~,72~ ~,029,631 ?,241 ,64_0 1!173,600

120,000

60,000

164,000 24,148,320

784,429

$ $

~ $ $ $ $ $ $

327,569 62,628

125,833

17,551 58,425

2,517

624,523

$0

2%

3% 4% 2%

5% 2%

0% 0%

3%

0%

*Excludes sales tax from construction and streamlined sales tax mitigation revenue which has been designated for capital prefects.

**Excludes revenue restricted for capital p rojects.

***Ex cludes transfers out and/ o r e xpenditures for capital outla y and property acquisition.

87

Capital Proiect Revenue and Expenditures

Jan-17

Feb-17

Mar- 17

Apr- 17

May-17

Jun-17

Jul-17

Aug- 17

Sep-17

Od-17

Nov-17

Dec- 17

Jan-18

Feb-18

Mar-18

Apr-1 8

May-18

Jun-18

Jul-18

Aug-18

Sep-18

Od-18

Nov-18

Dec-18

Jan- 17

Feb-17

Mar-17

Apr-17

May-17

Jun-17

Jul-17

Aug-17

Sep-17

Od-17

Nov-17

Dec-17

Jan- 18

Feb-18

Mar- 18

Apr- 18

May-18

Jun-18

Jul- 18

Aug- 18

Sep-18

Od- 18

Nov- 18

Dec- 18

2017 -2018 2017 • 2018 Budget Adual

Real Estate Excise Tax I & II $57,796 $108,916

$115,592 $3,SOOPOO

$173,389 $3,250,000

$231,185 $3,000,000

$288,981

$346,777 $2,750,000

$404,573 $2,SOOPOO

$462,370 $2,250,000

$520,166

$577,962 $2,ooopoo

$635,758 $1,750,000

$693,554 $1,soopoo $751,351

$1,250P OO $809,147

$866,943 $1,000,000

$924,739 $750,000

$982,535

$1,040,332

$1,098,128

$ 1,155,924

$1,213,720

$1,271,516

$500,000

$ 250,000

$0 u~ " !::, " " !::, " !::, " !::, ..... " !::, .. a) a) a) co .. a) a, (I) CD .. ~ J, i ii. ;,. § :i C> Q. 8 > ~ 1 .D ~ ~ ,.. 5 "3 C> Q. ~ >

of 0 ~ ~ u 0 .. 0 0. 0 ~ ~ J! 0 ~ <( ~

~ <( "' z 0 ~ LL ~ <( ~ ~ <( z

$ 1,329,313 - 2017 . 201 a Budget = 2015 • 2016 Acluol --2017 • 2018 Acluol

$1 ,386,000

2017-2018 2017 • 2018 a - · Adual Utility Tax Designated for Capital Proiects* _ Budget

$20,662

$43,775

$66,568

$82,713

$100,878

$117,900

$136,910

$153,538

$1 70,290

$192,690

$205,785

$223,111

$243,772

$266,886

$289,678

$305,823

$323,988

$341,011

$360,020

$376,649

$393,401

$415,800

$4 28,895

$446,221

$26,209 $700,000

$600,000

$500,000

$400,000

$300,000

::::: t ~ ~ ~~I ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ oo oo oo oo oo ~ m m m m .. 1 ~ ~ ~ i 1 ~ ~ i ~ ~ : 1 ~ ~ ~ i 1 ~ ~ l ~ /,

t>oa. -. c, 011 .,oa.c -.:,v • ~ LL ~ <( i ~ J v, Q Z O ~ LL ~ <( ~ ~ <( v, 0

- 2017 ·2018 Budget = 2015 · 2016 Aclual --2017 · 2018 A<luo l

* 25% of utility tax revenue is d esignated for capltal improvement projects. This graph do es not include 7 5% desginated for ape ration activites.

88

.. u u

0

Capital Proiect Revenue and Expenditures 2017 -2018 2017-2018

Budget Adual

Jan-17 $0 $34

Feb-17 $0

Mar-17 $0

Apr-17 $2,533

May-17 $179,826

Jun-17 $197,555

Jul-17 $425,504

Aug-17 $438,168

Sep-17 $663,584

Od-17 $666,116

Nov- 17 $681,313

Dec-17 $701,575

Jan-18 $901,663

Feb-18 $926,991 Mar-18 $987,777 Apr-18 $1,010,572

May-18 $1,033,367

Jun- 18 $1,056,162

Jul- 18 $1,078,957

Aug-18 $1,101,752

Sep-18 $1 ,122,014

Od- 18 $1,142,276

Nov-18 $1,162,538

Dec- 18 $1,182,800

2017 -2018 2017 • 2018 Budget Adual

Jan-17 $66,677 $295,922

Feb-17 $66,677

Mar- 17 $66,677

Apr- 17 $66,677

May-17 $207,457

Jun-17 $209,827

Jul-17 $477,482

Aug-17 $479,536

Sep-17 $625,372

Od-1 7 $641,172

Nov-17 $641,883

Dec- 17 $643,147

Jan-18 $792,617

Feb-18 $794,197

Mar- 18 $834,014

Apr-18 $983,800

May-18 $986,486

Jun- 18 $989,172

Jul-18 $991,858

Aug-18 $994,544

Sep-18 $995,808

Od-18 $997,072

Nov-18 $998,336

Dec- 18 $999,600

$1,300,000

$1,200,000

$1,100,000

$1,000,000

$900,000

$800,000

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0 ... I " !:::

! J,

" ....

~]U !::: !::: " " .!. a. ,;.. j 0 0 :E <( :E

- 2017 -2018 Budget

Park Impact Fees

" " !::: " ~ Cl 0. i

~ " 0 V)

!::: CD CD CD ~ u ii J, ~ ~

" of 0 0. 0 :E <(

m:::'Zl 2015 - 2016 Actual

Traffic Impact Fees

$1,050,000

$900,000

$750,000

$600,000

$450,000

$300,000 •

S 150,000 uuU $0

" !::: ~ " " " ~ " " " ~ !::: CD CD "' C: J, a. ,;.. i ~ Cl 0. 8 > " C: J, a. ~ of 0 0 ~ " 0 " ~ of :E <( :E V) z 0 <(

- 2017 -20 18 Budget = 2015 - 2016 Acluol

89

CD CD CD CD CD CD -,;.. i i I,, 0. 8 0 ~ " :E <( V,

--. 2017 - 2018 Acluol

~ "' a, "' a, CD a, a,

,;.. 1 ~ I,, 0. i > u 0 ~ " 0 0 " :E <( "' z 0

--. 2017 - 2018 Acluol

Capital Proiect Revenue and Expenditures 2017 -2018 2017. 2018

Budget Actual Sales Tax from Construction & Jan-17 $33,568 $97,081 Streamlined Sales Tax Mitigation Feb-17 $105,719 $3,250,000

Mar-17 $261,344 Apr-17 $309,222 $J,ooo.ooo

May-17 $372,774 $2,750,000

Jun-17 $531,714

Jul-17 $587,860 S2,500.000

Aug-17 $659,611 $2,2so,ooo

Sep-17 $828,421 $2,000,000

Od-17 $897,765 $1,750,000

Nov-17 $961,317

De<:-17 $1 ,1 26,696 s 1,soo,000

Jan·-18 $1,186,549 s1,2so,ooo

Feb-18 $1,262,702 Mar-18 $1,416,805 Sl,OOO,OOO

Apr-18 $1,467,058 $750,ooo ~ ~ May-1 8 $1,536,317 ssoo,ooo

Jun-18 $1700,186

''"" $.:774,910 "'""' • JI j] ~ ~ Aug-18 $1,874,897 $O .., 11 IJ 11 IJ II

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ m ~ ~ ~ ~ m Sep-18 $2,054,085 1 1, .:. .:. .... 5 ""5 I,, 0. i; > u /; 1, .:. .:. .... 5 ;; I,, 0. i; > u

Od-18 $2 123 797 ~ J! { ~ { ~ ~ i .,: o ~ ~ ~ l ! ~ J ~ ~ i Jl o ~ ~ ' '

Nov-18 $2,213,677 - 2017 -2018 Budget =201s. 2016Actuol --2017 • 2018 Actual

De<:0 18 $2,395,971

90

Capital Proiect Revenue and Expenditures

Capital Projed Revenue Sources• Budgeted Receipts to Actual Source 2017- 2018 Budget Biennium lo Dale % of Budget·

Rea! Estat~ Excise Tax I & II Sales Tax fro111 Construction and Stream_lined Sales Tax Mitigation Utility Tax Tree f,\itlgatlon Admissions Tax Parks Levy Floog L~vy_ Park lrJlP.act Fees T raffle Impact Fees Grants ~lsc;:ellaneous <;:IP R~venu~/lnterfund Charges for Services

Total Capital Projects Revenu~ - - ---- --·· Capital Project Expenditures - Budgeted UHs to Actual

$ l ,.38t,,OOQ $108,916 8% $2,395,971 $97,QSl 4% . $452,221 $J6,209 6%

_$0 $0 0% $256,4(;>3 $19,686 4%

$60,000 $0 0% $120,099 $0 O°lo

$1,182,800 $34 0% $999,600 $295,922 30%

$7,657,600 $0 Qr., $559,200 $767 0%

$15,069,855 $539,614 4%

Pro·ect 2017- 2018 Budget Biennium to Dale % of Budget

Street ~ Side~lk ?roj~s 2015/ 2016 Carryover,

Trestle Replacement/ Widening on SR 202 Corridor - Design / $tudy $100,000 $0 0% NE 171 st Stre~t Urban Parkway lmprovem~nts/133rd Roundabout $5,000,000 $0 0% SR 522/NE 195th St Intersection lnt~rim lmprqv~ment_s-Design $20,000 $0 0% Art~rig! Street Overlay Program $10,000 $0 0% Residential Neighborhood Street Overl~y Program $10,009 $0 0% Wayflnding Signs $24,000 $0 0% Woodinville-Duvall Road Widening (2013-14 CIP) $30,000 $335 1% Sammamis~ Bridge Replacement (2013-14 <;:IP) $6,400,000 $0 0%

2017 / 2018 Projects Center Curb Replac_ement - Trip Ro!Jndabouts $60.,QOO $0 0% NE North Woodinville Way -Wood/ Sno to NE ~O(!d/ Duvall Rd $1 ,1 10,000 $0 0% 195th & 164th Overl,ay and Walkways - Residential Overlay $1,500,000 $0 0% 124th Ave NE Sidewalk - J.56th to 1_¢,0th $1,010.000 $0 or~

Total Street & Sidewalk Projects $15,274,000 ! 335 0% Parks Projects

Eastslde Rail Cooridor - Desigri $500,000 $0 0% Wilmot Park - Play Struct.ure Replac~ment $300,0Q.9 $0 Q% Vi'~odinville Heights - Place Structure Replacement $125,000 $0 0% DeYoung Park R~storati91] . $759,000 $0 0% NE 145th Street Pede.strian Path. - Design $300,000 $0 0% West Slope ~Ike/ Pedestrian Park and T_rail $100,000 $0 0%

Total Parks Projects $2,01s,ooo $0 Oo/o Surf~ce ~ater Proj~s -

NE 171 st Drainage System l)pslzing - <::ity Share $250,000 $0 0% Albertson Pond Sendiment Vault $270,000 $0 0%

Total Surface Water Projects i s20,ooo 10 Oo/o Facilit}'. P_rojects

Pub)ic Works ShoR Roof Replacement l2015/ 2916. CIP) $10,000 $0 0% Civic Center Desjgn/Study $150,090 $0 0% City Hall HVAC SY.st~rn Repl_ac;ement $120,000 $0 0% City Hall Fire C9ntrol Sprinkler Syst~m Replacement $11 0,000 $0 0% City Hall Carpet Replacemert $125,000 $0 0% City Hall lnterLor Paint $35,000 $0 0% lnclemel'!t Weather _Materials Shelter $350,009 $0 0% Shop Expansi,;m $135,090 $0 0% Fire Pan~I ~eplacement $35,000 $0 00'9

T ~tal ~ac!lity Projects $1 ,070,000 $0 0% Property Acquisition

Little Bear Creek Park $80,000 $0 0% Misc~llaneous Property Acquisition $4000000 $0 0%

Total Property Acq~isition ! 4,080,000 10 Oo/o Capital Outlay $845,200 $43 0%

Total Capital Project/Outlay Expenditures 123,864,200 1377 0%

9 1

Budget to Actual

2017 - 2018 Bud~_et to Actual_~ppropriated E~enditures - 4°/o ~ f Bienni~.!!!_-

Biennio-1 -~ \ ' - · % ~f ' January 20 17. Expenditures to · Remaining ,· Budget

Fund Biennial Bud el Ex enditures · Dote · Bud el . Ren.1ainiri·,

001 General Fund

General Fund Operating Ex penditures

Council $ 224,220 $ 6,017 $ 6,017 $ 218,203 97%

Executive $ 2,512,910 $ 117,556 ~ 11 7,556 $ 2,395,354 95%

Legal $ 829,300 $ $ - $ 829,300 100%

Administration $ 2,204,953 $ 104,692 $ 104,692 $ 2,100,261 95%

Law Enforcement $ 7,744,996 $ 32,423 $ 3_2,42~ $ 7,712,~73 100%

Public Works $ 1,770,350 $ 66,881 $ 66,881 $ 1,703,469 96%

Tot~I General Fund Operating Expenditures $ 15,286,729 $ 327,569 $ 327,569 $ 14,959,160 98%

Property Purchases/Capitol Outlay $ 4,092,000 $ - $ - $ 4,092,000 100%

CIP Transfers $ ,2,228,000 $ - $ $ 2,228,000 100%

Operating Transfers $ 4,098,430 $ - $ $ 4,098,430 100%

Total General Fund ~ 25,7~?, 159 $ 327,569 ~ 327,569 $ 25,3!7,590 99%

101 Street Fund $ 2,077,420 $ 62,652 $ 62,652 $ 2,014,768 97%

104 Development Services $ 3,029,631 $ 125,833 $ 125,833 $ 2,903,798 96%

110 Admission Tax $ 200,000 $ - $ - $ 200,000 100%

111 Parks & Recreation Special Revenue $ 1,173,600 $ 58,425 ~ 58,425 $ 1, 115,175 95%

112 System Replace'!lent $ 425,000 $ - $ - $ 425,000 100%

113 Strategic Budget Reserve $ - $ - $ - $ Oo/o

114 Park Impact Fee $ 330,000 $ - $ - $ 330,000 100%

115 Hotel/ Motel Tax

Operating Expenditures $ 164,000 $ - $ $ 1~4,000 100%

CIP Expenditures/Transfers $ 24,000 $ - $ - $ 24,000 100%

Total Hotel/M~tel Tax $ 188,000 $ - $ - $ 188,000 100%

116 Trafficlmpact Fees $ 500,000 $ - $ - $ 500,000 100%

118 Utility Tax Fund

Operating Transfers ¥ 1,3~2,664 $ 76,042 $ 76,042 $ 1,256,622 94%

CIP Transfers $ 1,831,000 $ $ - $ 1,831,000 100%

Total Utility Tax $ 3,163,664 $ 76,042 $ 76,042 $ 3,087,622 98%

201 Debt Service $ 784,429 $ - $ - $ 784,429 100%

301 Capital Project $ 2_,321 ,000 $ - $ - $_ 2,321 ,000 100%

302 Special Capital Project $ 2,325,000 $ - $ - $ 2,325,000 100%

303 Capit<1I St~eet R!serve $ 8,850,~00 $ 335 $ 335 $ 8,849,665 100%

361 Sammamish Bridge Replacement $ ~.~00,000 $ - $ - $ 6,400,000 100%

354 Parks and Recreation Capital Projects $ 2,_075,000 ' - $ - _$ 2,075,000 100%

358 Facilities Capital Project $ 1,070,000 $ - $ - $ 1,070,000 100%

410 Surface Wa_ter Manage'!'ent

Operating Expenditures $ 2,241,640 $ 47,571 $ 47,571 $ 2,194,069 98%

CIP Transfers/Capital Outlay $ 274,000 $ - $ - $ 274,000 100%

Total Surface Water Management $ 2,515,640 $ 47,571 $ 47,571 $ 2,468,069 98%

412 Surface Water Capital Projects

CIP Expenditures ~ 520,000 $ - $ - $ 520,000 100%

CIP Transfers $ 534,000 $ - $ - $ 534,000 100%

Total Surface Water Capital Projects } 1,054,000 $ - $ - $ 1,054,000 100%

501 Equipment Rental $ 271 ,500 $ 2,517 $ 2,517 $ 268,983 99%

503 Equipmen! Replacement $ 67'.~,000 $ - $ - $ 673,000 I OOo/o

505 Unemployment Reserve $ 60,000 $ - $ - $ 60,000 100%

Total All Funds i 65,192,043 i 700,943 1 700,943 i 64,491 , 100 _ 9_9_%

92

Cash and Investments

Cash and_ l!'vestment Acti,_v_it __ y __________________ _

2017 2016 2016 Januar December November

Beginning Cash & Investments $ 36,392,803 $ 37!456,900 $ 36,216,766

Receipts

Deposits $ 691,333 $ 378,029 $ 605,269

King County - ACH $ 11 0,11 4 $ 11 2,553 $ 1,095,603

State of Washington - W ire ~ 568,946 $ 70~,736 $ 1,122, l 93

State Investment Inte rest Revenue $ 19,058 $ 15,190 $ 13,092

Total Receipts $ 1,389,450 $ 1,212,508 $ 2,836,157

Total Available $ 37,782,253 $ 38,669,409 $ 39,052,923

Disbursements

Claims $ 229,258 $ 1,952,71_6 $ 1,246,523

Pa yroll $ 336,667 $ 323,890 $ 349,499

Total Disbursements $ 565,926 $ 2,276,606 $ 1,596,022

Ending Cash & Investments $ 37,216,327 $ 361392,803 $ 37,456,900

---·------------ ·----Cash and Investments at Month End ---- ---

2017 2016 2016

January December November

Cash Bonk Accounts Ill

State Investment Poo l (2)

Total Cash and Investment Holdings

$ $

1,217,130 $ 35,999,1 97 $

$ 37,216,327 $ ( 1) Cash Balances reflect General ledger book balances and not actual bank cash balances.

481,609 $

35,911,194 $ 36,392,803 $

(2) As of month end January 2017, 1he State Investment Pool provided net earnings rote of 0.63%

Interest Rate Comparison

3.00%

2.50%

2.00%

1.50%

1.00%

0.50%

0.00%

2,267,632

35,189,268

·37,456,900

Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17

- LGIP Net Earnings Rote - 10 Year T-8111 -3 Month T -Bill

Treasury info: http://www.treos.gov/ offices/domestic-finance/ d 9 3 onagement/interest-rate/yield_historical.shtrnl

Business License Revenue

Month/Y- Total R-­

Sep-15 $ Oct-15 $

Nov-15 $ Dec-15 $ Jan-16 $ Feb-16 $ Mal'-16 $ Apr-16 $

May-16 $ Jurt-16 $ Jul-16 $

Aug-16 $ Sep-16 $ Oct-16 $

Nov-16 $ Dec-16 $ JaD-17 $

117 3,591 7,179 $2\000

29,023 37,079 42,023 $20.000

49702 55,539 $lS.000

62793 66,914 $10.000

71741 76765 $5,000 83,912 89,606 94,673 $-

Business lic:ense Revenue by Month

§ - --... ,., -~II

.., ~ ;. ..

... 0 .. .. <t '"!.

iii • ~ 8 ~

~ ~ ~ ~ ~ ~ ....,"' ,olO._:-o,..t,.,, ..... ~

iiiliiilii ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

102,378 109,343

~- -8 ... -~ ~ !O' ,. ,. " ,( ¥ ($ ~· ..L'i ... - -~ ,( </' CT ~o <J' .... CT ,._., ~ 'l"Q ~o .... ~ 'i ~ <!' CT ~o <J' .... CT

Business Licenses from in City limils vs. Business Licenses from Outside of City Umils

1, '..100

1,000 953 999

800

600 557 593

396 406 400

200

NowU.-S R.,.,....als Totd licenses

• l!Gsinesses Registettd w /In •e Qiy Lhls lloiness legis!eo'ed from Oubide of Oty U..ls

Tolal New lic:enses vs .. New Limnses in Cly Limits uo 127 126

120

100

80 69 70 63

60

38 37 34 31 37

0 ,'> ,., ," ,., , b , b , b , b ,b , b .,_b ,b , b , b ,b , b ," ,,,.f ,: ,I' C: 6' ,,_;p' <' ,· :\ $' ~ <$ qi ,: .... C: ~ o" ~o <:J" 'i ~o 'l"Q ~o ~ ',,/1 .,.~ o" ~o <:J"' 'i

- New Lia!noes - New l.la!nses ·Gly U.its

94

Council Packet Page 81

Council Packet Page 83

Council Packet Page 90

Business Licensing