2012 Comprehensive Annual Financial Report - the City of Tukwila
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2012 Comprehensive Annual Financial Report - the City of Tukwila

2012 Comprehensive Annual Financial Report - the City of Tukwila 2012 Comprehensive Annual Financial Report - the City of Tukwila

tukwilawa.gov
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12.07.2015 Views

CITY OF TUKWILA: 2012 CAFRREQUIRED SUPPLEMENTAL INFORMATIONFiscalYear EndingSCHEDULE OF EMPLOYER CONTRIBUTIONSEmployerContributionsFire InsurancePremiumsPercentage of ARCContributedDecember 31, 2009 $335,265 $1,366,284 25%December 31, 2010 317,771 1,366,284 23December 31, 2011 335,090 1,264,522 26December 31, 2012 332,141 1,264,522 26NOTES TO REQUIRED SUPPLEMENTARY INFORMATIONThe City of Tukwila budgets its funds in accordance with the Revised Code of Washington35A.33. In compliance with the code, biennial budgets are adopted for the general fund andspecial revenue funds. For governmental funds, there are no substantial differencesbetween the budgetary basis and generally accepted accounting principles. Budgetaryaccounts are integrated in fund ledgers for all budgeted funds, but the financial statementsinclude budgetary comparisons for biennially budgeted governmental funds only. Budgetsestablished for proprietary and fiduciary funds are “management budgets” and are notlegally required to be reported and, as such, are not reported in the CAFR.The biennial appropriated budgets are adopted at the fund level and the budgets constitutethe legal authority for expenditures at that level. Subsidiary revenue and expenditurerecords are used to compare the budgeted amounts with actual revenues and expenditures.As a management control device, the subsidiary ledgers monitor expenditures for individualfunctions and activities by object class. Any unexpended appropriation balances lapse at theend of the biennium.The City of Tukwila’s budget procedures are mandated by RCW 35A.33. The steps in thebudget process are as follows:1) Prior to November 1 on even numbered years, the Mayor submits aproposed budget to the City Council. This budget is based on prioritiesestablished by the Council and estimates provided by the City departmentsduring the preceding months, and balanced with revenue estimates made bythe Mayor.2) The City Council conducts public hearings on the proposed budget inNovember and December.3) The Council makes its adjustments to the proposed budget and adopts byordinance a final balanced budget no later than December 31.4) The final operating budget as adopted is published and distributed within thefirst month of the following year. Copies of the budget are made available tothe public.106

CITY OF TUKWILA: 2012 CAFRREQUIRED SUPPLEMENTAL INFORMATIONThe City Council must approve by ordinance any amendments that increase the total for thefund. Budget amounts presented in the basic financial statements include both the originalamounts and the final amended budget as approved by the City Council.Expenditure CategoriesGeneral GovernmentPublic SafetyPhysical EnvironmentTransportationEconomic EnvironmentCulture and RecreationIncludes administration, finance, municipal court, attorney, andcity clerk activities.Includes all police and fire activities.Includes expenditures for the public works activities notchargeable to the enterprise funds.Includes all street and arterial street maintenance andconstruction.Reflects the planning and building inspection activities.Includes the parks and recreation activities.107

CITY OF TUKWILA: <strong>2012</strong> CAFRREQUIRED SUPPLEMENTAL INFORMATIONThe <strong>City</strong> Council must approve by ordinance any amendments that increase <strong>the</strong> total for <strong>the</strong>fund. Budget amounts presented in <strong>the</strong> basic financial statements include both <strong>the</strong> originalamounts and <strong>the</strong> final amended budget as approved by <strong>the</strong> <strong>City</strong> Council.Expenditure CategoriesGeneral GovernmentPublic SafetyPhysical EnvironmentTransportationEconomic EnvironmentCulture and RecreationIncludes administration, finance, municipal court, attorney, andcity clerk activities.Includes all police and fire activities.Includes expenditures for <strong>the</strong> public works activities notchargeable to <strong>the</strong> enterprise funds.Includes all street and arterial street maintenance andconstruction.Reflects <strong>the</strong> planning and building inspection activities.Includes <strong>the</strong> parks and recreation activities.107

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