Items to Cover
1. Major Items Addressed In This Budget
2. Major Additions
3. Major Challenges
4. Potential Revenue Ideas
1. 4.5% increase in health insurance
2. Risk Management Fund $500k (D32)
3. Labor contractual agreements
4. SCORE and King County Jail (C84)
2017 ‐ $5.77m ($255k)
2018 ‐ $5.77m ($255k)
jor items addressed in this budget
jor items addressed in this budget continued
5. Valley Comm. (C84)2017 ‐ $2.54 ($200k)2018 ‐ $2.75m ($420k)
6. Increase in total Police budget (C84)$26.7m $31.15m
7. City Council
AWC, SCA, PSRC dues $ 26,288
Puget Sound Clean Air Act $38,000
. 131 Police Officers
. Police Overtime $2.26m
0. Historical Society ‐ $10,000/year
. Target Property (D19) ‐ $8.33 million
jor items addressed in this budget continued
12. Compliance with policyA. Fund Balance Policy – Page B16 (Res. #15‐682)B. RCW requirement
13. Dumas Bay Centre (D31)A. Beach Trail – $50kB. Roof Replacement ‐ $100kC. Kitchen Equipment ‐ $20k
14. Transportation Projects A. 2017 ‐ $20m (C96)B. 2018 ‐ $12.66m (C96)
ajor items addressed in this budget continued
15. Overlay (D5)A. 2017 – $1.5m B. 2018 ‐ $1.5m
16. PAEC Start‐upA. 2017 ‐ $0.94m (C12)B. 2018 ‐ $0.99m (C12)
17. Priority of the budget with available resources
A. SafetyB. Maintain good service level
ajor items addressed in this budget continued
Major Challenges. Slow growing revenues
2. Fast growing, market driven salaries, wages &
benefits
3. Aging City properties & equipment
4. Increasing benefit costs
5. Increasing service needs
6. Equipment Replacement Reserve $1.8m (D35)
Property Tax Rate 2016 CollectionVoted Non‐voted Total %
y ‐ 1.18504 1.18504 8.1%
PS 6.74731 ‐ 6.74731 46.4%
g County 0.55569 0.92548 1.48027 10.2%
shington State ‐ 2.16898 2.16898 14.9%
unty Flood Zone ‐ 1.12980 0.12980 0.9%
t of Seattle ‐ 0.16954 0.16954 1.2%
e District #39 0.41030 1.50000 1.91030 13.1%
rary 0.05275 0.42439 0.47714 3.3%
S 0.28235 ‐ 0.28235 1.9%
8.04840 6.50233 14.55073 100%
VOTED: 8.04840 or 55.3% NON‐VOTED: 6.50233 or 44.7%
2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
al Way 1.19 1.25 1.4 1.42 1.3 1.2 1.13 0.97 1.04 1.14
1.51 1.58 1.65 1.69 1.57 1.48 2.36 2.18 2.36 2.56
rn 2.05 2.08 2.17 2.1 2.08 1.93 1.82 1.49 1.49 1.48
n 2.71 2.83 3.15 3.1 3.1 2.83 2.71 2.37 2.62 2.88
e 2.77 2.62 3.05 3.29 3.58 3.36 3.23 2.86 3.07 3.43
c 3 3.16 3.1 3.1 2.88 2.8 2.58 2.34 2.45 2.61
Property Tax continued
2016 Sales TaxPercentage Cents
Federal Way 0.85 8.95
Criminal Justice 0.10 1.05
King County Mental Health
0.10 1.05
King County 0.15 1.58
King County Metro 0.90 9.47
Sound Transit 0.90 9.47
State 6.50 68.42
9.50 99.99
st Growing Salaries, Wages & Benefits1. Economy is getting better and entities
are hiring
2. The job market in Puget Sound
3. City did not keep up with COLA
4. Health insurance 4.5%
5. PERS2
Potential Revenue Ideas Review of Fee Schedule
Equalizing fees and ratesA. Franchise Fees $849k
Total Rev. $849kB. Fire hydrant & repair $622kC. Street lights $334k
Total Exp. $956k
nks to Financial & Budget Reports
Budget Book http://cityoffederalway.com/node/1503
Popular Annual Financial Report http://cityoffederalway.com/node/1504
Comprehensive Annual Financial Reportshttp://cityoffederalway.com/node/1504