2013â2014 BIENNIAL BUDGET - the City of Tukwila

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2013-2014 Biennial Budget City of Tukwila, WashingtonATTACHMENT ECity of TukwilaSEWER ENTERPRISE FUND2013 - 2018 Analysis in 000'sREVENUES 2013 2014 2015 2016 2017 2018 TotalsMonthly Sewer Charges+20% +20% +10% +15% +10% +15%King County Metro Sewer (1) 3,749 3,749 4,161 4,161 4,577 4,577 24,974Regular City Sewer (2) 1,886 2,169 2,342 2,647 2,859 3,230 15,133Subtotal Sewer Revenue 5,635 5,918 6,503 6,808 7,436 7,807 40,107Other Misc. Revenue 150 150 160 180 200 210 1,050Grant/Bonds/PWTF 750 458 1,756 1,757 - 750 5,471Sewer Connection Fees (3) 120 120 125 125 100 100 690Total Revenues 6,655 6,646 8,544 8,870 7,736 8,867 47,318EXPENDITURESSewer Operations & MaintenanceKing County Metro Sewer (4) 3,749 3,749 4,161 4,161 4,577 4,577 24,974Regular City Sewer (5) 987 1,012 1,036 1,067 1,099 1,132 6,333Debt Service (6) 355 354 392 391 709 710 2,911Interfund Utility Tax (7) 10% 579 609 666 699 764 802 4,118Engineering Labor (9) 74 77 78 80 83 85 477Subtotal 5,744 5,801 6,333 6,398 7,232 7,306 38,813Sewer Capital - CIP Program 1,420 883 1,831 1,832 500 1,075 7,541Total Expenditures 7,164 6,684 8,164 8,230 7,732 8,381 46,354FUND BALANCEChange in Working Capital (a) (509) (38) 380 640 4 487 964Beginning Balance 1,100 592 553 933 1,574 1,578 1,100Ending Balance 592 553 933 1,574 1,578 2,064 2,064Fund Balance Components:Reserved (b) 20% of revenue 1,115 1,181 1,238 1,358 1,423 1,547 1,547Unreserved (524) (628) (304) 216 155 517 517Ending Balance 592 553 933 1,574 1,578 2,064 2,064If the Ending Fund Balance (Accumulated Totals listed above) goes negative, an interfund loanwould be requested and an emergency rate increase may be considered.(a) Revenues in excess of (less than) expenditures(b) Annual reserve balance requirement equals 20% of the prior year operating revenues.Page 363
2013-2014 Biennial Budget City of Tukwila, WashingtonATTACHMENT E-1NOTES TO SEWER ENTERPRISE FUND1) King County Metro sewer and Tukwila’s sewer have been split out to present the revenuesseparately. Metro increases will be passed through to the sewer ratepayers. King County Metrosewer fees will increase by 10.22% in 2013 per KC Ordinance No. 17343 and we have factored inpotential King County increases for 2014 through 2018.2) A 20% rate increase is proposed for Tukwila sewer in 2013 through 2016 and 15% in 2017 and2018. We will continue with the annual rate model review to confirm that the proposed increasesare necessary.3) Sewer connection fees for Allentown Phase I and Allentown/Foster Point Phase II.4) King County Metro Sewer treatment fees are passed through to ratepayers.5) City’s basic operation and maintenance costs. An additional Maintenance and OperationsSpecialist position is needed in the Sewer department, but this new position has been delayedindefinitely in order to build up the Sewer fund’s reserves.6) Includes the Public Works Trust Fund (PWTF) Loan and the 2006 Bond for the Allentown/FosterPoint Phase II Sewer Improvement Project.Sewer Debt Service includes: Expires 2013 20142004 PWTF Allentown (62%) 7/1/24 $203,796.43 $202,835.122006 Bond Allentown (62%) 12/31/26 151,125.00 150,877.00Total $354,921.43 $353,712.127) An Interfund Utility Tax was approved by Ordinance No. 2258 in October 2009 for the water,sewer, and surface water utilities. Ordinance 2298 amended that ordinance in July 2010. Grossrevenues will be taxed 15% from December 31, 2008 through April 30, 2010 and taxed 10% fromMay 1, 2010 through December 31, 2015.8) The Working Capital Reserve Fund’s policy was updated in 2012 per Resolution No. 1774 tomaintain an adequate fund balance in each of the enterprise funds. For the Enterprise Funds, theunrestricted fund balance shall equal or exceed 20% of the previous year’s revenue, exclusive ofsignificant non-operating, non-recurring revenues.9) The Senior Water/Sewer Engineer’s salary and benefits are split evenly between the waterdepartment and the sewer department.Sewer Enterprise FundThe City’s Enterprise Funds account for utility operations that are self-supported through usercharges. The utilities are financed and operated like a private business enterprise which requiresperiodic determination of revenues earned; expenses incurred, and net income for capitalmaintenance, public policy, management control and accountability. The Sewer Fund accounts foroperations and capital improvements to provide sanitary sewer to a portion of City residents. ValleyView Sewer District also provides sewer in the City.Page 364
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2013â2014 BIENNIAL BUDGET - the City of Tukwila

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2013â2014 BIENNIAL BUDGET - the City of Tukwila