HomeMy WebLinkAboutCommittee of the Whole - 05 Oct 2020 - Agenda - Pdf
CITY OF RENTON
AGENDA Committee of the Whole Meeting
5:30 PM - Monday, October 5, 2020
Video-conference
1. 2021-2022 Biennial Budget
Mayor's Message and Budget Overview
a) Presentation
b) Link to the Proposed Budget
Currently, due to the spread of COVID-19, all regularly-scheduled committee meetings will be held as necessary via
video-conference. City hall is closed to the public.
If you would like to attend this week's meeting remotely, you can do so by going to
https://us02web.zoom.us/j/84616821491
Zoom Meeting ID 846 1682 1491 Passcode 008919
5) You can call through Zoom at 253.215.8782 and use the Meeting ID
Renton Committee of the Whole
October 5, 2020 AGENDA ITEM #1. a)
Budget Deliberation Schedule
Committee of the Whole o Mayor's Budget Message and Proposed Budget
o Budget Overview
Regular Council Meeting o Public Hearing #2
Committee of the Whole o Department Presentations
o Council deliberation
o Department Presentations
o Council deliberation
o Department Presentations
o Council deliberation
o Consider draft committee report
o Public Hearing #3
o Adopt committee report
o 1st reading of budget-related legislation
Regular Council Meeting o 2nd reading and enactment of all budget-related
legislation
November 9, 2020
October 19, 2020
Committee of the Whole
October 26, 2020
Committee of the Whole
November 2, 2020
Regular Council Meeting
October 12, 2020
October 5, 2020
AGENDA ITEM #1. a)
Total Proposed Budget
34% various taxes
35% charges for services
24% interfund/intergovernmental
6% fines and miscellaneous revenue
1% capital grants
41% for public works: roads, utilities
infrastructure improvement and operations
33% for Police, Community Services and
Community & Economic Development
26% for general governmental and support
3 AGENDA ITEM #1. a)
Total Expenditures by Line Item
4
Citywide budget includes
capital and other one-time
transfers & costs. Overall:
37% is personnel
related costs
30% are services,
including utility
payments
7% in capital projects
20% internal services
and interfund transfers.
4% for debt service
2% in supplies and
small equipment AGENDA ITEM #1. a)
Proposed Budget by City Service Areas
AGENDA ITEM #1. a)
Operating & Capital Cost per Capita
Taking into account the fact that the City serves 104,076 residents and
approximately 58,105 employees who work in Renton, the operating budget is:
$1,831-1,966 per resident per year, just about $5.02-$5.39 per day
When employment base is included –$1,175-$1,261 per person per year,
$3.22-$3.46 per day AGENDA ITEM #1. a)
General Fund Budget
Revenues:
77% Taxes
Combined property and sales tax
represents 50% of GF revenues
Expenditures:
38% for public safety
39% for community services, community
& economic development, & public works
23% for general governmental and
support
7 AGENDA ITEM #1. a)
General Fund by Line Items
8
61% of Genera Fund
budget is in personnel
related costs
15% internal services
include fleet, risk
management, information
technology, facilities, and
communications. 19% in
services and utilities
expenses
2% in operating supplies
and small equipment
3% transfers to capital AGENDA ITEM #1. a)
Where does your tax dollar go?
9
2020 Property Tax Distribution
AGENDA ITEM #1. a)
Preliminary 2021 Property Tax
10
Proposed Property Tax Levy for 2021 is $21,494,697
No proposed increase
Only adjustments are for:
Inflation
New construction
AGENDA ITEM #1. a)
Sales Tax Distribution
Renton’s
economy
generates
around $314
million per
year
City’s share is
10%
11 AGENDA ITEM #1. a)
B&O Structure/Business Licenses
$500,000 reporting threshold
Low tax rates of 0.05% for retail and 0.085% for
all other
Maximum amount paid is capped at $4.723
million in 2020 (adjusted annually by inflation)
Registration fee of $150
12 AGENDA ITEM #1. a)
13
B&O/Business License Distribution
AGENDA ITEM #1. a)
Long Range Financial Projection
Preliminary 2017-2026
Key Revenue Assumptions:2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Sales Tax Growth4 0.3%2.7%-3.7%-15.6%5.6%8.8%2.5%2.5%2.5%2.5%
Property Tax1 -41.6%-9.5%17.6%1.4%1.0%1.0%2.0%2.0%2.0%2.0%
B&O/Business License 2.0%2.0%2.0%2.0%2.0%2.0%2.0%2.0%2.0%2.0%
Overall Operating Revenue Growth -11.7%1.5%22.5%-19.0%-7.5%9.9%1.6%1.5%1.5%1.5%
Key Expenditure Assumptions:2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Wage Increase 2.5%2.5%3.0%3.0%0.0%2.0%3.0%3.0%3.0%3.0%
Medical Cost Growth Rate 0.0%5.0%8.0%8.0%9.0%8.0%8.0%8.0%8.0%8.0%
PERS (Pension) Contribution Rate 12.9%12.9%13.9%13.9%14.9%14.9%14.9%14.9%14.9%14.9%
Overall Operating Expense Growth -17.6%3.8%31.6%-1.1%-7.9%2.5%5.6%3.1%3.2%3.2%AGENDA ITEM #1. a)
Budget Related Legislation
1.Property Tax Levy Ordinances
-Setting the budget
-Setting the levy
-Substantial need (if needed)
-Banked capacity (if needed)
2.Utility Rate Adjustment Ordinances
3.Various User Fee Adjustments (Fee Schedule and
Resolution)
4.2021-2022 Budget Ordinance AGENDA ITEM #1. a)