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2021 Approved BudgetCity of Spokane Valley 2021 Annual Budget 10210 E. Sprague Avenue Spokane Valley, WA 99206 www.SpokaneValley.org Table of Contents City of Spokane Valley, WA Spokane County January 1, 2021 through December 31, 2021 Summary of Councilmembers .................................................................................................... III ........................................................................................... 1-13 - About the 2020 Budget and Budget Development Process ... 15-29 Budget Summary ................................................................................................................. 30-42 Revenues by Fund and Type ............................................................................................... 43-50 Expenditures by Fund and Department ................................................................................ 51-54 General Fund Department Changes from 2019 to 2020 ....................................................... 55-57 #001- General Fund- Expenditures by Department by Type City Council .................................................................................................................... 58-59 City Manager ....................................................................................................................... 60 City Attorney ....................................................................................................................... 61 Public Safety .................................................................................................................. 62-64 Deputy City Manager ........................................................................................................... 65 Finance .......................................................................................................................... 66-67 Human Resources .............................................................................................................. 68 Public Works (history) ......................................................................................................... 69 City Hall Operations and Maintenance ................................................................................ 70 Community & Public Works ............................................................................................ 71-75 Community & Economic Development (history) .............................................................. 76-77 Parks & Recreation ........................................................................................................ 78-82 General Government ...................................................................................................... 83-84 Special Revenue Funds #101 - Street Fund ......................................................................................................... 85-86 #103 - Paths & Trails Fund .................................................................................................. 87 #104 - Hotel / Motel Tax Tourism Facilities Fund ............................................................... 88 #105 - Hotel / Motel Tax Fund ............................................................................................. 88 #106 - Solid Waste Fund ..................................................................................................... 89 #107 - PEG Fund ................................................................................................................ 90 #108 Affordable & Supportive Housing Sales Tax ............................................................ 90 #120 - CenterPlace Operating Reserve Fund ...................................................................... 91 #121 - Service Level Stabilization Reserve Fund ................................................................ 92 #122 - Winter Weather Reserve Fund ................................................................................. 92 I City of Spokane Valley 2021 Budget Debt Service Funds #204- Limited Tax General Obligation (LTGO) Fund.......................................................... 93 Capital Projects Funds #301- REET 1 Capital Projects Fund.................................................................................. 94 #302- REET 2 Capital Projects Fund.................................................................................. 95 #303- Street Capital Projects Fund................................................................................ 96-97 #309- Parks Capital ProjectsFund..................................................................................... 98 #310- Civic Facilities Capital Projects Fund........................................................................ 99 #311- Pavement Preservation Fund.................................................................................100 #312- Capital Reserve Fund.............................................................................................101 #313- City Hall Construction Fund....................................................................................102 #314– Railroad Grade Separation Projects Fund.............................................................103 Enterprise Funds #402- Stormwater Management Fund.......................................................................104-105 #403- Aquifer Protection Area Fund.................................................................................106 Internal Service Funds #501- Equipment Rental & Replacement Fund.......................................................... 107-108 #502- Risk Management Fund.........................................................................................108 Capital Expenditures for 2020................................................................................................. 109 FTE Count by Year – 2010through 2020................................................................................ 110 Work Force Comparison......................................................................................................... 111 Appendix A, Employee Position Classificationand Salary Schedule....................................... 112 Glossary of Budget Terms............................................................................................... 113-115 Ordinance 20-023Adopting the 2021 Budget.........................................................................116 II City Council Members Ben Wick, Mayor Position #4 Rod Higgins Brandi Peetz, Deputy Mayor Tim Hattenburg Position #1 Position #2 Position #6 Arne Woodard Pam Haley Linda Thompson Position #3 Position #5 Position #7 Staff Mark Calhoun, City Manager John Hohman, Deputy City Manager Chelsie Taylor, Finance Director Mike Stone, Parks & Recreation Director Cary Driskell, City Attorney William Helbig, City Engineer Christine Bainbridge, City Clerk III This page intentionally left blank City Manager’s Budget Message 2021 Annual Budget Dear Citizens, Mayor and CityCouncil of Spokane Valley: It is with cautious optimismthat I present the 2021 Budget for the Cityof Spokane Valley. Noteworthy is that the 2021 Budget development process occurred in the midst of a recession brought on by the COVID-19 global pandemic. As a consequence, we slowed down the budget development and adoption process in order to get a better sense of the resultant impact on revenue projections for both the 2020 and 2021 Budgets. As I write this message it is still unclear what the depth and breadth of revenue reductions will be across the variety of City funds for which we adopt budgets but we recognize that the most material impacts will be felt in the following revenue areas: Sales taxes (recorded in General Fund #001) Building and permitting fees (recorded in General Fund #001) Motor vehicle fuel taxes (recorded in Street O&M Fund #101) Lodging taxes (recorded in Hotel/Motel Tax Fund #’s 104 and 105) Real estate excise taxes (recorded in REET Fund #’s 301 and 302 and support capital projects in a number of City funds) This Council adopted 2021 Budget includes what we consider to be fiscally responsible revenue adjustments based upon what we currently know. Because the City has a long history of making prudent financial decisions dating back to our 2003 incorporation, because it has engaged in consistently responsible budgeting and restrained spending, because we have restrained the growth of City programs and related spending, and because we haveadhered to the key Fiscal Policies noted in following pages, we have accumulated fund reserves that we believe will allow the City to deliver status quo levels of servicethroughout all of 2021. Budget Development Goals We recognize that to ensurecontinuedfinancial stability, it is imperative that we achieve two key goals within our General Fund: 1. Recurring annual revenuesmust be greater than or equal to recurring annual expenditures, and 2.The ending General Fund fund balance must be sufficient enough to meet cash flow needs which is no less than 50% of recurring expenditures and represents roughly sixmonths of General Fund operations. Even in light of the global pandemic and resultant recession, I am pleased to report that each of these goals haveagain been achieved in the 2021General Fund Budget. 1 Beyond recurring operating activity,and dueto our exceptionally strong financial position, we have been afforded the opportunity to use theportion of the General Fund fund balance that exceeds 50% of recurring expenditures for capital construction projectsthat are important to the City Council and Community. Following this policy of transferring the fund balance in excess of 50%, since 2013, City Councils have made the decision to transfer $27.8million of excess General Fund reserves to partially finance a variety of projects including each phase of the Appleway Trail, Sullivan Road West Bridge Replacement, ApplewayAvenue Landscaping, construction of a new City Hall, the future Barker/BNSF Grade Separation Project, and setting aside moneyfor the Pines/BNSF Grade Separation Project, Barker Corridor Projectand development of Balfour Park. Fiscal Policies Fiscal Health is at the Core of Providing a Good Public Service The Fiscal Policies adopted by the City Council are important forthe long-range fiscal strength of Spokane Valley. These policiesset a framework that the City will follow to responsibly manage resources and if necessary, under what circumstances we will utilize reserves to sustain operations during economic downturns. Financial Management The City will strive to: 1.Maintain basic service levels with minimal resourcesto achieve success. 2.Minimize personnel costsand overhead by continuing to contract for services when it makes financial sense to do so. 3.Continue the six-year Business Plan process. 4.Leverage City funds with grant opportunities. 5.Minimize City debt with apay as you go philosophy. o The State of Washington sets the maximum level of allowable debt for cities based on assessed value of property. The City of SpokaneValley carries an exceptionally low debt burden and currently utilizes only1.53% of its totaldebt capacity, andmore importantly, only7.66% of non-voted bond capacity. 6.Strive to prioritize spending in the annual budget process and minimize the mid-year addition of projects and appropriations. Financial Objectives The City’s financial objectivesare: 1.Adopt a General Fund Budget with recurring revenues equal to, or greater than recurring expenditures. 2.Maintain a minimum General Fund Ending Fund Balance ofat least 50% of the recurring expenditure budget. This is adequate to meet cash flow needs and is the equivalent of six months of general fund operations. 3.If necessary, utilize a portion of theServiceLevel StabilizationReserveFund#121 ($5.5 million) to maintain ending fund balance minimum. 4.Commitmentto the strategy that the Service Level StabilizationReserveFund#121will not be reducedbelow $3.3 million (60% of $5.5 million)without City Council approval. If Council should deem this necessary, the City will then first replenish Fund #121 to at least $3.3 million before any annual General Fund transfers are made to Capital Reserve Fund #312. 5.Maintain the 2021 property tax assessment the same as 2020 with the exception of new construction. As in the previous 11-years, the City will forego the 1% annual increase to 2 property tax allowable by RCW 84.52.050. We anticipate this will result in a levy of $12,399,200 plus estimated new construction of $325,000for a total levy of $12,724,200. The allowable potential increase will be banked for future use as provided by law. This represents the twelfth consecutive year that we have not increased our City property tax assessment. 6.Grow our economy so the existing tax base can support basic programs. Commitment – By committing to these policiesand the checks and balancesthey afford, the City will ensure financial sustainability wellinto the future. 2021 Budget Highlights CityPriorities The City’s chief budget priorities are: Public Safety Pavement Preservation Transportation and Infrastructure (including railroad grade separations and park related projects), and Economic Development Ensuring that we’ve committed adequate resources to these activities accounts for much of the effort that Council and Staff collectively dedicate to the annual development of our Business Plan andOperating and Capital budgets. Moderate Growth in Recurring General Fund Expenditures Investing in essential core services identified by the Council and Community establishes the baseline expenditureswe have included in this budget. Similar to the trend experienced in most jurisdictions, we find that the cost of providing these services oftenincreasesat a faster rate than the moderate growth we see in the underlying tax revenues that support these coreservices. With that said however, City staff and Council collectively strive to meet the challenge of continuing to provide historic levels of service and we will again meet this challenge in 2021 where we anticipate recurring General Fund revenues will increase over those of 2020by 2.20%, while expenditures increase by 5.14%.The 5.14% increase is computed after a 2020 Budget amendment that includes a $615,000 reduction in Parks and Recreation expenditures which is in recognition of the fact that the COVID-19 event has resulted in the elimination of many programs. If the $615,000 reduction in 2020 expenditures were not included, the 2021 Budget actually increases by 3.65%. 3 Increases at the point of budget adoption over the past 8-years have been: Recurring RevenuesExpenditures 2021compared to20202.20%5.14% 2020compared to20196.12%3.00% 2019compared to20185.56%1.90% 2018compared to20173.73%1.81% 2017compared to20164.38%0.87% 2016compared to20153.08%2.79% 2015compared to20142.72%3.90% 2014compared to20134.39%4.28% Public Safety Costs Over the years Council has consistently committed to the maintenance and at times enhancement of public safety service levels and this is again reflected in the 2021 Budget wherepublic safety costs including law enforcement, courts, prosecution, public defenseand jail related services represent the City’s primary operating expenditure and total $28,101,615 which is a 4.57% increase over the 2020 Budget. Noteworthy about the public safety budget are the following observations: It represents 62.3% of the 2021 General Fund recurring expenditure budget ($28,101,615 / $45,101,466). It is equivalent to 221% of anticipated 2021 property tax collections ($28,101,615 / $12,724,200). In other words, if property taxes were to double they alone would not be sufficient to cover Spokane Valley’s public safety commitment. Staffing Levels The Staff count remains unchanged from 2020 to 2021 with 95.25 full-time equivalent employees (FTEs) butdoes reflect the reallocation of Staff between departments, including: A vacant 1.0 FTE Senior Transportation Planner position allocated to the Economic Development division has been repurposed to a 1.0 FTE Assistant Engineer position in the Engineering Division. A vacant 1.0 FTE Engineer position allocated 50% to the Engineering Division and 50% to Street CapitalProjects Fund #303 has been repurposed to a 1.0 FTE Housing and Homeless Services Coordinator position in the General Fund City Manager budget. This position will begin coordinating the City’s approach to proactively addressing housing and homeless issues in our community. 4 The FTE count allocated among City funds is as follows: Difference 202020212021Between Budget asStaffNew20212020 and AdoptedReallocationPositionsBudget2021 General Fund #00175.780.500.0076.280.50 Street O&M Fund #1017.470.000.007.470.00 Street Capital Projects Fund #3038.10(0.50)0.007.60(0.50) Stormwater Fund #4023.900.000.003.900.00 95.250.000.0095.250.00 The personnel costs for the 76.28FTEs charged to the General Fund represent just 21.9% of recurring expenditures. Taking into considerationthatwe contract for police services and are served by Fireand Water districts as well as a Library District, for a major city we operate substantially below the normal employee count and consequently at a significantly reduced payroll cost relative to many cities across the country. Spokane Valley staff levels average about one employee for every 1,023 citizens(= population of 97,490perthe WA State OFM/ 95.25FTEs) while comparably sized cities in the State of Washington have a much higher ratio of employees to citizens. Since incorporation, the City has taken a conservative approach to adding new staff and continues to have the lowest per capita employee count of any Washington city with a population of 50,000 or greater. By all comparisons, the City of Spokane Valley continues to be alean, productive City government. Pavement Preservation Some may question paving roads that “don’t look so bad” but the truth is the best time to repave is before a road deteriorates to the point that full reconstruction is necessary. Full reconstruction costs substantially more than pavement preservation treatments such as crack sealing or grinding and repavingand this is why the City has committed critical financial resources to the preservation of our transportation infrastructure. We’re proud of our fine road system and will endeavor to continue to maintain it in the best manner possible with available financial resources. Beginning in 2012, the City initiated a program of expending general fund, special revenue fund and capital project fund revenues and reserves for the purpose of financing our street preservation efforts. In 2021, our community will again see an aggressive program of caring for roadways including the potential of surface treatment programs that would be new to Spokane Valley. For 2021,we project total revenues in Pavement PreservationFund #311of $4,146,400that combined with $579,950of fund reserves will be applied against $4,726,350in projected expenditures. Sources of revenue in 2021 are anticipated to include$1,500,000 from the Street Wear fee that was adopted by Council in 2018, and $2,646,400in transfers from other City funds consisting of: $991,843from the General Fund $827,278from REET 1 Capital Projects Fund #301 $827,279from REET 2 Capital Projects Fund #302 5 While Pavement Preservation is one of our critical service and budget priorities we find that sustaining adequate levels is a constant challenge and I address this in the portion of this budget message titled “Challenges”. Transportation and Infrastructure The 2021 Budget includes $32,554,699of capital expenditures that we anticipate will be in-part offset with $21,079,702in grant revenues which results in 64.75% of capital projects being financed with State and Federal dollars. The projects we’ll work on in 2021 partially include: $8.88million in Street Capital Projects Fund #303 $1.12million in Park Capital Projects Fund #309 $4.68million in Pavement Preservation Fund #311 $759,600 for the final installment to WSDOT for the acquisition of nearly 14 acres future park property located north of Sullivan Park. $13.80million in Railroad Grade Separation Projects Fund #314 $2.88million in Stormwater Fund #402 and Aquifer Protection Area Fund #403 $212,800 for Information Technology equipment acquisitions in the General Fund $130,000 from Equipment Rental and Replacement Fund #502 for the replacement of existing vehicles in the EngineeringDivision of the General Fund #001 and the Street Fund #101. Challenges Beyond the annual challenge of balancing the General Fund budget, the City of Spokane Valley has a number of on-going financial challenges. 1.Declining revenues in Street O&M Fund #101 that will impact our future ability to deliver historic service levels This Fund depends upon a combination of gas and telephone tax receipts. Because the gas tax is a flat amount per gallon, and because each generation of newer vehicles get better gas mileage, we find our gas tax revenues hover somewhere between flat or slightly declining. Calendar year 2020 revenues werematerially impacted by the COVID-19 event and amended downward by $331,700 (16.2%) from the initial 2020 Budget projection of $2,046,700 reflecting a material change in driving habits as much of the State population stayed home in order to physical distance from others. The 2021 Budget projection reflects a .7% increase over the 2020 Budget as initially adopted ($2,062,000 / $2,046,700) in anticipation of a return to normal (assuming a COVID-19 vaccine becomes available in early 2021 and widely distributed by yearend). The 6% telephone utility tax generated $3,050,000 million in the first year of collectionsin 2009. Since that time however we have experienced a decline averaging5.90%per year and at this point are projecting 2021 revenues of just $1,431,000which is just 47% of the 2009 collections.We believe the decline is primarily due to the elimination of land lines by individual households. 6 Because of the ongoing decline in telephone utility tax revenues, 2021 will be the fifth consecutive year of budgeted recurring expenditures exceeding recurring revenues. o We have been able to continue to deliver historic levels of service in the previous 4- years by doing the following: 2017– a $328,000 operating deficit was resolved by drawing down fund reserves. 2018– a$415,000 operating deficit was resolved by drawing down fund reserves. 2019– a $907,000 operating deficit was resolved through a transfer from Capital Reserve Fund #312. This is a noteworthy departure from the historic intended use of these monies which has been for one-time capital projects. 2020– a $1,714,096 operating deficit was resolved through a combination of transfers of $1,364,706 from Capital Reserve Fund #312 and $350,200 from the General Fund. 2021– a $1,859,600 operating deficit was resolved through a transfer directly from the General Fund. Determining “how” to fully finance Street O&M Fund #101 operations beyond 2021 will continue to be a Council conversation. 2.Balancing the cost of pavement preservation against other transportation and infrastructure needs Pavement preservation has historically been financed from a combination of sources including: o General Fund dollars, o Street O&M Fund dollars, o Civic Facility Replacement Fund #123 (Fund #123) reserves that were dedicated towards this purpose until their depletion in 2016. o Real estate excise tax (REET) revenues, o Grantrevenues, and o Beginningin 2018, the addition of a street wear fee that was negotiated by the City as part of an updated solid waste collection contract that recognized the damage that heavily laden garbage trucks do to our road system. o Following is a table that reflects pavement preservation related revenues over the 10- year period 2011 through 2021: Fund 001101106123301/302310 StreetCivic Fac.Civic Fac. GeneralStreet O&MWear FeeReplace.REET 1&2CapitalGrantsTotal Actual 2011584,6810000500,00001,084,681 20122,045,2030000002,045,203 2013855,857282,0000616,284300,000035,9452,090,086 2014888,823282,0000616,284368,94402,042,6654,198,716 2015920,000206,6180616,284502,0980835,2243,080,224 2016943,80067,3420559,808730,57201,654,6983,956,220 2017953,20067,342001,320,958089,2082,430,708 2018962,70067,3421,000,00001,370,65801,422,4044,823,104 2019972,30001,608,02801,545,27702,398,3306,523,935 Budget 2020982,02301,513,53201,545,277010,5884,051,420 2021991,84301,500,00001,654,557004,146,400 11,100,430972,6445,621,5602,408,6609,338,341500,0008,489,06238,430,697 7 The City used Civic Facility Replacement Fund #123 reserves over the 4-year period 2013 through 2016 in order to give the City time to determine how best to finance the pavement preservation plan in 2017 and beyond. In the years leading up to 2020 we existed in a fairly robust economy and beginning in 2017, following the depletion of Fund #123 reserves, we began applying a portion of our strong Real Estate Excise Tax (REET) collections towards pavement preservation. During this time frame we recognized that when the economy inevitably waned in the future, so too would REET revenues, and a consequence of over reliance on that source of money could in the future limit the City’s ability to provide the necessary match needed for State and Federal grants thatare applied to other street construction and reconstruction projects. Now, existing in the COVID-19 induced recession we find that our predictions may be coming to pass and recognize that the need to address alternative funding is more important than ever. For a number of years Spokane Valley struggled to develop a pavement management plan that clearly delineated the pavement condition index (PCI) that should be maintained throughout our road system and define the amount of money we should dedicate annually to achieve thatplan. The results of one of our most recent studies was communicated to Council on April 2, 2019 and this answered the question of how pavement management resources should be allocated between the local access, collector and arterial portion of our street network. This study also estimated the annual cost to meetthe needs of both Street O&M Fund #101 and Pavement Preservation Fund #311to be $10 million. Because the City annually commits approximately $6 million to pavement management needs this leaves us with an estimated annual shortfall of $4 million. Even though the City’s investment in our street network has consistently fallen short of that figure however we find that the PCI is not in a free fall and is in fact holding fairly steady at a rating of 76 (out of 100) which is considered to be in the “Good” category. We continue to evaluate our pavement management plan and are currently considering a variety of pavement treatments beyond our historic use of crack sealing and grind and overlays. Council and Staff will continue to work collectively to determine how to finance a realistic pavement management plan. 3.Railroad Grade SeparationProjects (overpasses and underpasses) Bridging the Valley is a proposal to separate vehicle traffic from train traffic in the 42 mile corridor between Spokane and Athol, ID. The separation of railroad and roadway grades in this corridor is intended to promote future economic growth, traffic movement, traffic safety, aquifer protection in the event of an oil spill, and train whistle noise abatement. The underlying study outlined the need for a grade separation at four locations in Spokane Valley. Barker and Trent Road Overpass (fully funded at $24.7million), Pines and Trent Underpass(estimated cost of $29.0million), Sullivan Road Overpass improvements, and Park Road Overpass Because grade separation projects are exceptionally expensive endeavorsand largely beyond our ability to finance solely through existing sources ofinternalrevenue, the Cityhas pursued grant funding from both the Federal and State Governments overthe past several years. 8 Barker/Trent Grade Separation Project We reached the point of being fully funded for this project in early 2018, the design is complete, and we have acquired all necessary right-of-way with the exception of one parcel upon which we’ve received notification of a Cert 3 acceptance. We anticipate that construction funds will be obligated by late 2020with construction beginning in 2021. Revenue sources are comprised of the following: Barker Grade Separation Project Financing Sources City of Spokane Valley General Fund reserves$1,421,000 Real Estate Excise Tax (REET)2,209,000 Total from Spokane Valley$3,630,000 Federal Earmark721,000 2017 WA Legislature appropriation1,500,000 National Highway Freight Program6,000,000 TIGER 99,020,000 FMSIB (20% of total) (assume $19.0 million)3,800,000 $24,671,000 Pines / Trent Grade Separation Project Progress to date includes: We anticipate the project cost will be $29.0 million and thus farwe have secured $9.7 million including $4.7 million set aside bythe City.Additionally, there exists an inactive Freight Mobility Strategic InvestmentBoard (FMSIB) grant in the amount of $3.36 million. It is currently unclear whether these funds will be made available to Spokane Valley in the future.Following is a detailed list of sources secured: 9 Pines Grade Separation Project (Estimated cost of $29 million) Financing Secured City of Spokane Valley 2016 General Fund Property acquisition$500,000 2017 General Fund dedication1,200,000 2017 General Fund allocation of fund balance > 50%721,000 2018 General Fund allocation of fund balance > 50%764,000 2019 General Fund allocation of fund balance > 50%1,500,000 Total from Spokane Valley4,685,000 2018 - SRTC for ROW (FHWA)1,890,000 2019 - CRISI 2 for Design1,246,500 2020 - SRTC (FHWA)1,905,000 $9,726,500 Inactive FMSIB Grant from 2000 that was awarded to WSDOT$3,360,000 In late 2016 the City acquired property valued atapproximately $500,000 that was applied to the acquisition of property that will in-part satisfy the right-of-way needs for this project. On July 11, 2017 Council approved a Phase 1 contract with anengineering firm valued at $124,000 with a scope of services that calledfor evaluating two potential sites, each of which includeda roundabout and signalized intersection alternative. Staff presented subsequent reports to Council that provided design progress updates on October 17, 2017, December 13, 2018and June 4, 2019. A total of five public outreach meetings were held between October 2017 and May 2019 to seek input on the design alternatives. Input was sought from a variety of stakeholders including BNSF, the Spokane Valley Police Department, Spokane Valley Fire Department, East Valley School District, the Fourth District Legislative Delegationand freight industry representatives. On June 18, 2019 Council approved a design alternative that moves the intersection to the east of the current location with a roundabout as intersection control. In early June 2019 the City was awarded a Consolidated Rail Infrastructure and Safety Improvements (CRISI) grant through the Federal Rail Administration (FRA) in the amount of $1,246,500. The related contract for the CRISI grant was completed in March 2020 and the proceeds are being applied towards the engineering design phase. In May 2020 Council approved the contract to complete the engineering design phase of the projectwhich we anticipate will be completed in the latter part of 2021. In early 2020 the City was awarded an additional $1,905,000 towards right-of-way acquisition through the Spokane Regional Transportation Council (SRTC). In July 2020 the City began acquiring right-of-way through the acquisition of three parcels. Future property acquisitions will be necessary during the right-of-way phase of the project but this cannot be determined until the final phase of the design is well underway.We anticipate right-of-way activities will continue into 2022. 10 With the engineering design phase completed by the end of 2021 and right-of-way acquisition phase completed in 2022 we anticipate the project will be “shovel ready” by December 2022. For the construction phase of the project the City has applied for a variety of both state and federal grants including the TIGER,FASTLANE , INFRA,CRISIand BUILD programs. We will continue to apply for grant programs as they become available. We are hopeful that having a 100% design will make us more competitive as we will then have a “shovel ready” project. Economic Development To the best of our ability we focus on business retention and expansion of existing businesses and recruitment of new businesses. Examples of economic development efforts include: Comprehensive Plan – In the latter part of 2016 the City updated its Comprehensive Plan and included an economic development element. Contained within this element is a summary of the local economy; an assessment of strengths and weaknesses; and policies, programs and projects to foster economic growth. The plan also included implementation strategies to improve retail, enhance tourism, and grow businesses in the City. Among other things, the plan also streamlined land uses by consolidating many zones and reducing many development requirements. Additionally the plan was also designed to provide flexibility in an effort to encourage market driven growth. Retail Recruitment – In 2017 the City expanded into the area of Retail Recruitment by contracting with a firm specializing in this type of service. The services we are seeking in this effort include a review of the retail recruitment strategy; conducting a market and retail gap analysis; development of a recruitment plan; identification of a strategic retail prospect list; and recruitment of retail on behalf of the City. We have again included money in the 2021 Budget to continue this effort. Planned Action Ordinance (PAO) – In the latter part of 2016 the City receiveda$114,200 grant from the Department of Commerce that with an additional investment of $55,000 from the City, resultedin a streamlined environmental permitting process in the northeast industrial area of our community. This study completed the environmental permitting requirements for the northeast industrial areawhich lead to the development of a Planned Action Ordinance (PAO) adopted by Council March 12, 2019. The PAO savesindustrial developers a minimum of 6 weeks permitting time while providing a predictable path to ensure that adequate infrastructure is in place to serve the expected developments and as a result of the PAO properties can now be marketed as truly “shovel ready”. Northeast Industrial Area – In addition to the adoption of the Planned Action Ordinance the City has engaged in a number of capital projects inour Northeast Industrial Areathatresulted in the expansion and improvement of our infrastructure and have the dual benefit of improving our road system and making the area more attractive for future economic development. These include: In 2019we rebuilt Barker Road from Euclid Avenue to the southern limits of the Barker Grade Separation project including the extension of sewer service by Spokane County. In partnership with Centennial Properties, in 2020 we completed a project that began in 2019 that resulted in the construction of a new one-mile section of Garland Avenue that stretchesfrom Flora to Barker.This new stretch of road made150additional acres of industrial property accessible to development. 11 The City began a construction project in 2020 that will be completed in 2021 what will rebuild Barker Road from Euclid Avenue running south to the Spokane River. The Budget for 2021 Strong but Guarded Recognizing that fiscal health is at the core of providing good public services, one of the most important tests of fiscal management is the ability of a municipal enterprise to maintain basic services during an economic downturn. The creation andongoing maintenance of financial reserves since incorporation has served the intended purpose of providing Spokane Valley the means to sustain critical public services during turbulent economic conditions including those experienced during the Great Recession that began in 2008and the COVID-19 induced global recession we are currently experiencing. The 2021 Budget again reflects a prudent and guarded continuation of service delivery capabilities. In the budget message I wrote last year I included the following statement: “We are cognizant of the fact that we currently exist in the longest economic expansion in United States history and at this point, with each passing day we are closer to the next economic downturn. Given this, we will remain vigilant in our observance of local, state and national events and economic trends that may impact our own community and work towards capitalizing on our strengths, minimizing our weaknesses, and being ever watchful towards both threats and opportunities.” As I write this messagewe exist in a global recession brought on by the COVID-19 pandemic. While we are uncertain of the depth and breadth of the impact this event will have on City revenues and the programs they support, we will in the future, as we have in the past, “continue to remain vigilant in our observance of local, state and national events and economic trends that may impact our own community and work towards capitalizing on our strengths, minimizing our weaknesses, and being ever watchful towards both threats and opportunities.” Balanced Budget Means exactly what it says –recurring General Fund operating expensesand the programs they supporthave been balancedwith known or reasonably predictable recurring revenues with no increase in propertytax or in sales tax rates for the City. The budget is designed to maintain the healthy,positive fund balance at year-endwhich provideforthe City’s cash flow needs without costly borrowing. In pursuit of fiscal responsibility, special attention is given to limiting the growth in new programs and financial commitments. This approach allows available resources to be put toward sustaining services consistent with the City Council’s priorities for 2021 and beyond. 12 Acknowledgments I would like to acknowledge the Community,City Council and Staff for a long history of financially responsiblespending and sensiblefiscal planning. By saving and conserving the taxpayers’ money and by adoptingand adhering toprudent long-term fiscal policies, the City will in 2021 provide levels of service on par with those we’ve provided in past years even while in the grip of a global recession induced by the COVID-19 pandemic. The City Council continues to set a path to ensure the long-term financial sustainability of the City. The management staff and employees have worked together to develop the Business Plan and 2021 Budget recommendations toachieve the Council’s ongoing goal of sustainability. I hope the Citizens of Spokane Valley are proud of theprograms andstrong financial condition of their City. We invite your examination and questions regarding the 2021 Budget. Respectfully, Mark Calhoun City Manager 13 This page left intentionally blank. 14 15 16 17 Governmental Fund Types Proprietary Fund Types 18 19 * Indicates voter approved sales taxes. 20 21 22 23 24 o o o o o o 25 o o o 26 o o o o o o o 27 o o o o o o o o o o o o o o o 28 o o o 29 30 (h/m tax-CP advertising) (2016 LTGO debt service) (park capital projects) (pavement preservation) (CenterPlace kitchen reserve) (insurance premium) 31 (office furniture for Housing Serv employee) (full facility generator) (carpet & workstation replacement) (replace HVAC units at Precinct) (replace handguns) (radar trailer) (Precinct access control gate) (Precinct fire panel replacement) (CERB Appleway Trail Study) (Commerce Housing Action Plan) (Ecology SMP Update) (equipment for new Code Enf. Officer) (carpet at CenterPlace) (City Hall generator) (Street Fund operations) (replenish reserve) (Browns Park 2019 Impr) (CenterPlace west lawn) (CenterPlace roof repairs) (Browns Park 2020 Impr) (new Code Enf. Vehicle) Fund balance as a percent of recurring expenditures94.39%81.27%73.25% General Fund Summary Total revenues48,351,8001,146,90049,498,70045,451,419 Total expenditures44,980,1867,082,92152,063,10747,277,766 Excess (Deficit) of Total Revenues Over (Under) Total Expenditures3,371,614(5,936,021)(2,564,407)(1,826,347) Beginning unrestricted fund balance37,427,21837,427,21834,862,811 Ending unrestricted fund balance40,798,83234,862,81133,036,464 32 (non-plow vehicle rental) (plow replace.) Street Fund Summary Total revenues5,160,90605,160,9065,567,200 Total expenditures5,160,90605,160,9065,567,200 Excess (Deficit) of Total Revenues Over (Under) Total Expenditures0000 Beginning unrestricted fund balance556,265556,265556,265 Ending unrestricted fund balance556,265556,265556,265 33 34 35 36 (pavement preservation) (Barker Grade Separation) (pavement preservation) 37 Barker Corridor Garland Ave Note: Work performed for pavement preservation projects out of the Street Capital Projects Fund is for items such as sidewalk upgrades that were bid with the pavement preservation work. 38 (Evergreen to Sullivan) park land acquisition Note: The fund balance in #310 includes $839,285.10 paid by the Library District for 2.82 acres at the Balfour Park site. If the District does not succeed in getting a voted bond approved by October 2022 then the City may repurchase this land at the original sale price of $839,285.10. 39 (Barker Road Corridor) (Garland Ave.) (Appleway Trail - Evergreen-Sullivan (Balfour Park frontage improvements (Balfour Park improvements ph 1) (Pines Rd Underpass) (Barker Rd Overpass) (Sullivan Rd Interchange) 40 Stormwater Fund Summary Total revenues1,999,82801,999,8282,040,000 Total expenditures2,563,98502,563,9852,626,007 Excess (Deficit) of Total Revenues Over (Under) Total Expenditures(564,157)0(564,157)(586,007) Beginning unrestricted fund balance2,180,7732,180,7731,616,616 Ending unrestricted fund balance1,616,6161,616,6161,030,609 41 (plow replace.) (CenterPlace kitchen reserve) (Code Enforcement Vehicle) 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 (continued on next page) 58 (continued from prior page) 59 60 61 62 63 64 65 (continued on next page) 66 (continued from prior page) 67 68 69 70 (continued on next page) 71 (continued from prior page) * * * * These positions are budgeted partially to the Engineering Division in the General Fund with the balance budgeted as a part of * Capital Projects Funds, the Street Fund #101, and the Stormwater Fund #402. 72 (continued on next page) 73 (continued from prior page) 74 75 76 77 78 *Several prior year goals were unable to be completed due to COVID-19. 79 *Prior year goals were unable to be completed due to COVID-19. The pools never opened for 2020. 80 *Several prior year goals were unable to be completed due to COVID-19. 81 *Several prior year goals were unable to be completed due to COVID-19. 82 (continued to next page) 83 (continued from previous page) (City Hall bond payment) (park capital projects) (pavement preservation) (CenterPlace kitchen reserve) (risk management) (2017 final year) (Replenish Winter Weather Reserv (Park Capital) (capital reserve fund) (RR Grade Separation) (new code enf. vehicle) 84 (continued to next page) These positions are budgeted partially to the Street Fund with the balance budgeted as a part of the General Fund, Capital Projects Funds, and the Stormwater Fund #402. 85 (continued from previous page) (pavement preservation) (non-plow) (plow replace) 86 87 88 89 90 91 92 93 (pavement preservation) (Barker Grade Separation) 94 (pavement preservation) 95 Euclid Ave - Flora to Barker 8th & Carnahan Intersection Barker Corridor Garland Ave 96 97 (General Fund) (Paths & Trails) (Capital Reserve) (Pines to Evergreen) (Sullivan to Corbin) (Evergreen to Sullivan) (Univ - Pines) (park land acquisition) 98 99 100 Sullivan Rd W Bridge Euclid Ave - Flora to Barker 8th & Carnahan Intersection Barker Road Corridor Garland Ave Crosswalk lighting on Indiana Appleway Trail -Pines-Evergr Appleway Trail -Corbin Appleway Trail -Evergreen-Su - Balfour Park frontage improve - Balfour Park frontage improve Pines Grade Separation - Barker Rd Overpass - Sullivan Rd Interchange 101 102 103 (continued to next page) 104 (continued from previous page) 105 106 (continued to next page) 107 (continued from previous page) (plow replace.) (CenterPlace kitchen reserve) (Code Enforcement Vehicle) (networking equipment) 108 0 130,000130,000 256,064256,064 500,000500,000 434,340434,340 759,600759,600 529,950529,950 109 33,50033,500 41,400 284,200 242,800 Italicized Bold (4)(3)(4)(3)(4) (1)(2) 110 FTEs for 2017 reflect the reorganization that was effective in April 2017.The original 2017 Budget had FTEs of 88.4.FTEs for 2018 reflect the budget amendment approved on May 29, 2018.One vacant position in Economic Development was repurposed to Engineering due to workload.Vacant Engineering position that was split 50/50 between the General Fund andStreet Capital Projects Fund was repurposed to a Housing & Homeless ServicesCoordinator in the City Manager department. (1)(2)(3)(4) Spokane Valley97,490942 111 Note: Slight rounding differences may exist between the figures reflected on this page and the actual payroll rates computed by the Eden Payroll System. 112 CITY OF SPOKANE VALLEY, WA Glossary of Budget Terms Accrual Basis –A basis of accounting in Capital Improvement – Expenditures which revenues and expenditures are related to acquisition, expansion or recorded at the time they occur as rehabilitation of an element of the opposed to when cash is actually received government’s physical plant; sometimes or spent. referred to as infrastructure. Appropriation – A legal authorization Capital Outlay –Fixed assets that have granted by the City Council to make general value of $5,000 or more and have expenditures and to incur obligations for a useful economic lifetime of more than a specific purpose.one year. Assessed Valuation –The valuation set Capital Project –Major construction, upon real estate and certain personal acquisition, or renovation activities property by the County Assessor as a which add value to government’s basis for levying property taxes. physical assets or significantly increase their useful life, also called capital Authorized Positions –Employee improvements. positions, which are authorized in the adopted budget, to be filled during the Capital Projects Fund –A fund created year.to account for all resources and expenditures used for the acquisition of Bond –A long-term promise to repay a fixed assets except those financed by specified amount (the face amount of the enterprise funds. bond) on a particular date (the maturity date). The most common types of bonds Contingency – A budgetary reserve set are general obligation revenue bonds. aside for emergencies or unforeseen Bonds are primarily used to finance expenditures not otherwise budgeted. capital projects. Contractual Services –Services Budget – A plan of financial activity forrendered to a government by private a specified period of time (fiscal year or firms, individuals, or other governmental biennium) indicating all planned agencies. revenues and expenses for the budget period. Debt Service –Payment of interest and principal on borrowed money according Budget Message –The opening section to a predetermined payment schedule. of the budget that provides the City Council and the public with a general Department –The basic unit of service summary of the most important aspects of responsibility, encompassing a broad the budget, changes from the current and mandate of related service previous years, and the views and responsibilities. recommendations of the Mayor. 113 Division – Can be a subunit of a department which encompasses a GASB – The Governmental Accounting substantial portion of the duties assigned Standards Board, established in 1985, is to a department (e.g. Building Division in the current standard-setting board for the Planning and Community governmental GAAP. Development Department). General Fund –The principal operating Encumbrance – The commitment of fund of the City used for general appropriated funds to purchase an item or governmental operations. Taxes and fees service. To encumber funds means to set that generally have no restriction on their aside or commit funds for a specified use support it. future expenditure. General Obligation (G.O.) Bonds – Expense – Charges incurred (whether This type of bond is backed by the full paid immediately or unpaid) for faith, credit and taxing power of the operations, maintenance, interest or other government issuing it. charges. Indirect Cost –A cost necessary for the Face Value –The amount of principal functioning of the organization as a that must be paid at maturity for a bond whole, but which cannot be identified issue.with a specific product, function or activity. Fiscal Year – A twelve-month period designated as the operating year for Infrastructure – The physical assets of a accounting and budgeting purposes in an government (e.g. streets, water, sewer, organization. public buildings, and parks). Full-time Equivalent Position (FTE)– Interfund Transfers –The movement of A full-time or part-time position monies between funds of the same converted to the decimal equivalent of a governmental entity. full-time position based on 2,080 hours per year. For example, a part-time personLevy – To impose taxes for the support of working 20 hours per week would be the governmental activities. equivalent of 0.5 of a full-time position. Long-term Debt –Debt with a maturity Fund – A fiscal entity with revenuesand of more than one year after the date of expenses that are segregated for the issuance. purpose of carrying out a specific purpose or activity.Mission Statement –A broad statement of the intended accomplishment or basic GAAP – Generally Accepted Accounting purpose of a program. Principles. Uniform minimum standards for financial accounting and recording, Modified Accrual Accounting –A basis encompassing the conventions, rules, and of accounting in which expenditures are procedures that define accepted accrued but revenues are accounted for accounting principles. when they become measurable and 114 available. Since this type of accounting Taxes – Compulsory charges levied by a basis is a conservative financial government for the purposeof financing approach, it is recommended as the services performed for the common standard for most governmental funds. benefit. This term does not include specific charges made against particular Operating Budget –The portion of the persons or property for current or budget that pertains to daily operations permanent benefits such as special that provide basic governmental services.assessments. Neither does the term include charges for services rendered Ordinance –A formal legislative only to those who pay, for example, enactment by the City Council. If it is not sewer service charges. in conflict with any higher form of law, such as a statute or constitutional Unreserved Fund Balance –The portion provision, it has the full force and effect of a fund’s balance that is not restricted of law within the boundaries of the for a specific purpose and is available for municipality to which it applies.general appropriation. Program – The smallest organization User Charges –The payment of a fee for that delivers a specific set of services. A direct receipt of a public service by the program may be an entiredepartment; or party who benefits from the service. if a department encompasses significantly diverse responsibilities or Vision Statement –A short statement large work forces, a single department that conveys the big picture of the may be divided into two or more organization. It is general in scope, not programs. restricting. It answers the question “Why?” Reserve – An account used to either set aside budgeted revenues that are not required for expenditure in the current budget year or to earmark revenues for a specific future purpose. Resolution – A special or temporary order of a legislative body—an order of a legislative body requiring less legal formality than an ordinance or statute. Resources – Total amounts available for appropriation including estimated revenues, fund transfers, and beginning balances. Revenue – Sources of income financing the operations of government. 115 116 117 118