2012 Comprehensive Annual Financial Report - the City of Tukwila

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CITY OF TUKWILA: 2012 CAFRREQUIRED SUPPLEMENTAL INFORMATIONCITY OF TUKWILA, WASHINGTONSCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCESBUDGET AND ACTUALARTERIAL STREET FUNDFOR THE YEAR ENDED DECEMBER 31, 2012VARIANCE WITHORIGINAL FINAL FINAL BUDGETBUDGET BUDGET ACTUAL POSITIVE(GAAP BASIS) (GAAP BASIS) RESULTS (NEGATIVE)REVENUES:TAXES $ 211,257 $ 211,257 $ 523,083 $ 311,826INTERGOVERNMENTAL 580,581 9,941,581 1,006,599 (8,934,982)CHARGES FOR SERVICES - - 846,240 846,240INVESTMENT EARNINGS 3,820 3,820 3,153 (667)MISCELLANEOUS 1,061,000 466,000 43,271 (422,729)TOTAL REVENUES 1,856,658 10,622,658 2,422,347 (8,200,312)EXPENDITURES:CURRENT:TRANSPORTATION - - 86,305 (86,305)CAPITAL OUTLAY 6,359,204 16,083,204 9,709,676 6,373,528TOTAL EXPENDITURES 6,359,204 16,083,204 9,795,981 6,287,223EXCESS (DEFICIENCY) OF REVENUESOVER (UNDER) EXPENDITURES (4,502,546) (5,460,546) (7,373,634) (1,913,088)OTHER FINANCING SOURCES (USES):TRANSFERS IN (Note 5) 2,000,000 2,000,000 1,314,132 (685,868)TRANSFERS OUT (Note 5) (123,933) (123,933) (386,563) (262,630)GENERAL OBLIGATION BONDS PROCEEDS 350,000 9,230,000 - (9,230,000)TOTAL OTHER FINANCING SOURCES AND USES 2,226,067 11,106,067 927,569 (10,178,498)NET CHANGE IN FUND BALANCES (2,276,479) 5,645,521 (6,446,065) (12,091,586)FUND BALANCES - BEGINNING 4,789,469 4,789,469 6,929,396 2,139,927FUND BALANCES - ENDING $ 2,512,990 $ 10,434,990 $ 483,331 $ (9,951,659)The notes to the financial statements are an integral part of this statement.104
CITY OF TUKWILA: 2012 CAFRREQUIRED SUPPLEMENTAL INFORMATIONThe information presented in the following required schedules was determined as part of theactuarial valuations at the dates indicated.ActuarialValuation DateActuarial Valueof AssetsFIREMEN’S PENSION TRUST FUNDSCHEDULE OF FUNDING PROGRESS(rounded to thousands)ActuarialAccruedLiabilitiesUnfunded ActuarialAccrued Liabilities(UAAL)FundedRatioCoveredPayrollUAAL as aPercentage ofCovered PayrollJanuary 1, 2000 $1,076 $1,243 $167 87% $112 149%January 1, 2003 1,215 1,135 (80) 107 0 N/AJanuary 1, 2005 1,265 1,182 (83) 107 0 N/AJanuary 1, 2007 1,336 1,310 (26) 102 0 N/AJanuary 1, 2009 1,445 1,610 165 90 442 37January 1, 2011 1,430 1,582 152 90 371 41SCHEDULE OF EMPLOYER CONTRIBUTIONSFiscalYear EndingEmployerContributionsFire InsurancePremiumsTotal EmployerContributionsAnnual RequiredContribution (ARC)Percentage of ARCContributedDecember 31, 2008 $ (1,841) $ 52,571 $ 50,730 $ (1,998) - %December 31, 2009 (18,425) 48,537 30,112 11,576 260December 31, 2010 (3,000) 49,989 46,989 11,576 406December 31, 2011 (7,800) 54,865 47,065 11,984 393December 31, 2012 (1,650) 52,249 50,599 11,984 422Valuation DateRETIREE MEDICAL AND LONG-TERM CARE BENEFITSFOR LEOFF 1 EMPLOYEESActuarial Valueof AssetsSCHEDULE OF FUNDING PROGRESS(rounded to thousands)ActuarialAccruedLiabilitiesUnfunded ActuarialAccrued Liabilities(UAAL)*FundedRatioCoveredPayrollUAAL as aPercentage ofCovered PayrollJanuary 1, 2008 $0 $16,103 $16,103 0% $581 4%January 1, 2011 0 14,805 14,805 0% 371 3* Only tw o valuations completed to date105
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CITY OF TUKWILA: 2012 CAFRTABLE OF
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CITY OF TUKWILA: 2012 CAFRLETTER OF
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CITY OF TUKWILA: 2012 CAFRAUDITOR
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CITY OF TUKWILA: 2012 CAFRAUDITOR
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CITY OF TUKWILA: 2012 CAFRMANAGEMEN
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CITY OF TUKWILA: 2012 CAFRBASIC FIN
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CITY OF TUKWILA: 2012 CAFRNOTES TO
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CITY OF TUKWILA: 2012 CAFRSTATISTIC
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2012 Comprehensive Annual Financial Report - the City of Tukwila

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