2018 12 31 - 2018 12 preliminary no 1 - spokane …...real estate excise taxes (page 22) provide us...

P:\Finance\Finance Activity Reports\Council Monthly Reports\2018\2018 12 31 - 2018 12 PRELIMINARY No 1.docx

FINANCE DEPARTMENT

Chelsie Taylor, Finance Director

10210 E Sprague Avenue Spokane Valley WA 99206 Phone: (509) 720-5000 Fax: (509) 720-5075

www.spokanevalley.org

Memorandum To: Mark Calhoun, City Manager

From: Chelsie Taylor, Finance Director

Date: January 22, 2019

Re: Finance Department Activity Report – December 2018

Following is information pertaining to Finance Department activities through the end of December 2018 and included herein is an updated 2018 Budget to Actual Comparison of Revenues and Expenditures through the end December. 2018 Year-end Process Although December has come and gone we anticipate we will receive a significant number of invoices in January and February from vendors who delivered goods and services during the latter part of 2018. Consequently, the expenditure figures reported herein will likely change materially in subsequent updates. By the same token, the revenues figures reported at this point will also change materially as we await State distributions of shared revenues in January and February that date back to 2018. With that said, we are in the preliminary phases of closing the 2018 books and hope to have this process complete by the end of March. Following the closing of the books, we will begin the process of preparing our annual financial report which will be finished by the end of May. We hope to have the State Auditor's Office on site by early June to begin the audit of 2018. Lodging Tax The schedule leading to awarding funds is as follows: August 31 Letters mailed to agencies that have historically received funding, media

release to City website and notice to newspapers October 5 Grant applications due at City Hall October 18 Grant applicant presentations to lodging tax advisory committee. November 6 Admin report to Council on results of lodging tax advisory committee

meeting December 11 City Council motion consideration: Award lodging tax for 2019 Fee Resolution As a part of preparing the annual budget, City Departments are asked to review the Master Fee Schedule that is currently in place and determine whether changes in fees charged and/or language used in the governing resolution should be altered. This leads to an annual update to the fee resolution that sets fees for the following year. The calendar leading to the adoption of the resolution setting 2019 fees is as follows: November 20 Admin report on proposed changes to the fee resolution. December 11 Council adoption of the fee resolution


Budget to Actual Comparison Report A report reflecting 2018 Budget to Actual Revenues and Expenditures for those funds for which a 2018 Budget was adopted is located on pages 5 through 17. Because we attempt to provide this information in a timely manner, this report is prepared from records that are not formally closed by the Finance Department at month end or reconciled to bank records. As indicated earlier in this report, we anticipate updates to revenues and expenditures in all funds prior to the time the 2018 books are finally closed. We’ve included the following information in the report: Revenues by source for all funds, and expenditures by department in the General Fund and

by type in all other funds. A breakdown between recurring and nonrecurring revenues and expenditures in the General

Fund, Street O&M Fund and Stormwater Fund. The change in fund balance including beginning and ending figures. The beginning fund

balance figures are those that are reflected in our 2017 Annual Financial Report. Columns of information include:

o The 2018 Budget as adopted o December 2018 activity o Cumulative 2018 activity through December 2018 o Budget remaining in terms of dollars o The percent of budgeted revenue collected or budgeted expenditures disbursed

A few points related to the General Fund #001 (page 5): Recurring revenues collections are currently at 101.46% of the amount budgeted with 100.00% of the year elapsed. Property taxes are paid to Spokane County in two installments each year on April 30 and

October 31 and are then remitted to the City primarily in May and November with lesser amounts typically remitted in June and December. Property taxes received thus far in 2018 are $11,672,177 or 98.95% of the amount budgeted. In January we will receive one final payment related to 2018 collections.

Sales tax collections represent only eleven months of collections thus far because taxes collected in December are not remitted to the City by the State until the latter part of January. Collections are currently at $20,724,444 or 99.25% of the amount budgeted.

Gambling taxes are at $282,373 or 74.11% of the amount budgeted. Gambling taxes are paid quarterly with fourth quarter payments due by January 31st.

Franchise Fee and Business Registration revenues are typically received in the month following a calendar year quarter. So far in 2018 we have received $928,558 or 76.74% of the amount budgeted. Fourth quarter franchise fees will be received in January, and I anticipate actual revenues will exceed the budget estimate at that point.

State shared revenues are composed of State of Washington distributions that include items such as liquor board profits, liquor excise tax, streamlined sales tax mitigation and criminal justice monies. Most of these revenues are paid by the State in the month following a calendar quarter. Through December we’ve received remittances totaling $2,209,717 or 104.75% of the amount budgeted. We will receive an additional payment related to the fourth quarter of 2018 in January.

Fines and forfeitures revenues are composed of monthly remittances from Spokane County with payments made in the month following the actual assessment of a fine and false alarm fees. Through December we’ve received remittances through the month of November with receipts of $914,894 or 69.32% of the amount budgeted.


Community and Public Works service revenues are largely composed of building permit and plan review fees as well as right of way permits. Revenues are currently at $2,695,086 or 160.03% of the amount budgeted.

Recreation program revenues are composed of revenues generated by the variety of parks and recreation programs including classes, swimming pools (in-season), and CenterPlace. Currently, revenues total $696,966 or 110.05% of the amount budgeted.

Recurring expenditures are currently at $38,066,821 or 93.07% of the amount budgeted with 100.00% of the year elapsed. Once all invoices related to 2018 activity are received and booked, we anticipate a higher percentage of the budget will be consumed. Investments (page 18) Investments at December 31 total $63,784,024 and are composed of $58,702,668 in the Washington State Local Government Investment Pool and $5,081,356 in bank CDs. Total Sales Tax Receipts (page 19) Total sales tax receipts reflect State remittances through December and total $23,452,242 including general, criminal justice, and public safety taxes. This figure is $1,701,790 or 7.82% greater than the same eleven-month period in 2017. Economic Indicators (pages 20 – 22) The following economic indicators provide information pertaining to three different sources of tax revenue that provide a good gauge of the health and direction of the overall economy. 1. Sales taxes (page 20) provide a sense of how much individuals and businesses are spending

on the purchase of goods. 2. Hotel / Motel taxes (page 21) provide us with a sense of overnight stays and visits to our area

by tourists or business travelers. 3. Real Estate Excise taxes (page 22) provide us with a sense of real estate sales. Page 20 provides a 10-year history of general sales tax receipts (not including public safety or criminal justice) with monthly detail beginning January 2009. Compared with calendar year 2017, 2018 collections have increased by $1,492,300 or 7.76%. Tax receipts reached an all-time high in 2017 at $21,089,134, besting the previous record

year of 2016 when $19,887,049 was collected. Sales tax receipts in 2017 exceeded $20 million for the first time since the City’s incorporation.

Page 21 provides a 10-year history of hotel/motel tax receipts with monthly detail beginning January 2009. Compared with calendar year 2017, 2018 collections have increased by $27,813 or 4.81%. Collections reached an all-time high in 2017 of $615,980, exceeding the previous high set in

2016 of $596,374.

Page 22 provides a 10-year history of real estate excise tax receipts with monthly detail beginning January 2009 Compared with calendar year 2017, 2018 collections have increased by $782,942 or 28.69%.

The increase is primarily due to unusually high amounts being collected for May and October 2018.

Collections reached an all-time high in 2017 of $3,007,573, exceeding the previous high set in 2007 of $2,589,681.


Debt Capacity and Bonds Outstanding (page 23) This page provides information on the City’s debt capacity, or the dollar amount of General Obligation (G.O.) Bonds the City may issue, as well as an amortization schedule of the bonds the City currently has outstanding. The maximum amount of G.O. bonds the City may issue is determined by the assessed value

for property taxes which for 2018 is $8,634,114,798. Following the December 1, 2018 debt service payments, the City has $12,270,000 of nonvoted G.O. bonds outstanding which represents 9.47% of our nonvoted bond capacity, and 1.89% of our total debt capacity for all types of bonds. Of this amount: o $4,645,000 remains on bonds issued for the construction of CenterPlace. These bonds

are repaid with a portion of the 1/10 of 1% sales tax that is collected by the Spokane Public Facilities District.

o $730,000 remains on bonds issued for road and street improvements around CenterPlace. The bonds are repaid with a portion of the real estate excise tax collected by the City.

o $6,895,000 remains on bonds issued for construction of the new City Hall. The bonds are to be repaid with General Fund revenues.

Street Fund Revenue Sources (pages 24 and 25) The last two charts reflect a history for the two primary sources of revenue in Street Fund #101. These include: Page 24 provides a 10-year history of Motor Vehicle Fuel Tax collections with monthly detail

beginning January 2009. o Compared with calendar year 2017, 2018 collections have increased by $36,684 or

1.94%. o Tax receipts peaked in 2007 at just approximately $2.1 million, and subsequently

decreased to a range of approximately $1,857,000 to $2,000,000 in the years 2011 through 2017.

Page 25 provides a 10-year history of Telephone Utility Tax collections with monthly detail beginning January 2009. o Compared with 2017, 2018 collections have decreased by $113,536 or 6.56%. Unlike tax

revenues collected by the State and remitted monthly, these taxes are paid to the City directly by the service provider. Consequently there is not a "clean cutoff' in terms of when a vendor pays the tax.

o Tax receipts peaked in 2009 at $3,054,473 and have decreased each year since due to what we suspect is the reduction in land lines by individual households.

o The 2018 Budget was adopted with a revenue estimate of $1,900,000. We will watch actual receipts closely as the year progresses. It appears that 2018 total revenues will come in below budgeted amounts.

o The City has hired a consultant to perform an audit of providers who pay the telephone utility tax. The audit will assess whether providers are accurately remitting all taxes owed to the City, and the consultant will be paid on a contingent basis out of revenues recovered from the telephone providers. Three audits have been completed, and the City has received payments totaling $398,865 which is comprised of recovered revenue plus interest and penalty fees. Per the contract with the consultant, the City paid $99,716 or 25% of the amount recovered.

P:\Finance\Finance Activity Reports\Council Monthly Reports\2018\2018 12 31 - 2018 12 PRELIMINARY No 1.xlsx

CITY OF SPOKANE VALLEY, WA Budget Year 2018Budget to Actual Comparison of Revenues and Expenditures Elapsed = 100.00%For the Twelve-Month Period Ended December 31, 2018

Actual Actual through Budget % ofBudget December December 31 Remaining Budget

#001 - GENERAL FUND

RECURRING ACTIVITYRevenues

Property Tax 11,796,100 602,839 11,672,177 (123,923) 98.95%Sales Tax 20,881,900 1,925,817 20,724,444 (157,456) 99.25%Sales Tax - Public Safety 967,800 98,297 982,992 15,192 101.57%Sales Tax - Criminal Justice 1,738,000 172,181 1,744,806 6,806 100.39%Gambling Tax and Leasehold Excise Tax 381,000 1,889 282,373 (98,627) 74.11%Franchise Fees/Business Registration 1,210,000 281,393 928,558 (281,442) 76.74%State Shared Revenues 2,109,600 322,892 2,209,717 100,117 104.75%Fines, Forfeitures and Penalties 1,319,900 75,024 914,894 (405,006) 69.32%Community and Public Works 1,684,100 152,143 2,695,086 1,010,986 160.03%Recreation Program Revenues 633,300 27,772 696,966 63,666 110.05%Miscellaneous Department Revenue 1,000 0 21,250 20,250 2124.98%Miscellaneous & Investment Interest 201,800 140,719 707,530 505,730 350.61%Transfers in - #101 (street admin) 39,700 3,308 39,700 0 100.00%Transfers in - #105 (h/m tax-CP advertising) 30,000 0 0 (30,000) 0.00%Transfers in - #402 (storm admin) 13,400 1,117 13,400 0 100.00%

Total Recurring Revenues 43,007,600 3,805,389 43,633,893 626,293 101.46%

ExpendituresCity Council 550,087 25,157 391,163 158,924 71.11%City Manager 956,700 70,134 842,179 114,521 88.03%City Attorney 602,207 42,800 523,085 79,122 86.86%Public Safety 25,464,251 2,229,937 24,252,212 1,212,039 95.24%Deputy City Manager 450,891 40,960 440,032 10,859 97.59%Finance / IT 1,339,974 108,351 1,293,789 46,185 96.55%Human Resources 280,415 22,375 274,637 5,778 97.94%City Hall Operations and Maintenance 306,271 33,684 248,187 58,084 81.04%Community & Public Works - Engineering 1,663,003 136,018 1,381,127 281,876 83.05%Community & Public Works - Econ Dev 970,870 131,230 952,871 17,999 98.15%Community & Public Works - Bldg & Plan 2,176,077 163,110 1,886,121 289,956 86.68%Parks & Rec - Administration 301,311 33,142 288,243 13,068 95.66%Parks & Rec - Maintenance 863,975 141,124 885,860 (21,885) 102.53%Parks & Rec - Recreation 260,802 11,894 195,478 65,324 74.95%Parks & Rec - Aquatics 515,900 17,833 471,191 44,709 91.33%Parks & Rec - Senior Center 98,229 7,184 92,080 6,149 93.74%Parks & Rec - CenterPlace 910,696 71,898 812,397 98,299 89.21%General Government 1,261,610 53,276 907,519 354,091 71.93%Transfers out - #204 ('16 LTGO bond debt service) 399,350 33,279 399,350 0 100.00%Transfers out - #309 (park capital projects) 160,000 13,333 160,000 0 100.00%Transfers out - #311 (Pavement Preservation) 962,700 80,225 962,700 0 100.00%Transfers out - #501 36,600 3,050 36,600 0 100.00%Transfers out - #502 (insurance premium) 370,000 30,833 370,000 0 100.00%

Total Recurring Expenditures 40,901,919 3,500,826 38,066,821 2,835,098 93.07%

Recurring Revenues Over (Under)Recurring Expenditures 2,105,681 304,563 5,567,072 3,461,391

2018




2018

#001 - GENERAL FUND - continuedNONRECURRING ACTIVITYRevenues

Transfers in - #106 (Repymt of Solid Waste) 40,425 3,369 40,425 0 100.00%Miscellaneous 0 0 0 0 0.00%

Total Nonrecurring Revenues 40,425 3,369 40,425 0 100.00%

ExpendituresGeneral Government - IT capital replacements 115,000 0 23,877 91,123 20.76%City Attorney (part-time attorney furniture ) 4,809 0 4,809 0 100.00%Public Safety (full facility generator ) 100,000 0 0 100,000 0.00%Deputy City Manager (Q-Alert software ) 11,700 0 11,700 0 100.00%Community & Public Works (Retail Recruitment) 50,000 0 23,000 27,000 46.00%Parks & Rec (Flooring in Great Room & Dining Room 50,000 0 50,000 0 100.00%Parks & Rec (CP reseal two bathroom floors) 3,000 0 0 3,000 0.00%Generator for City Hall 200,000 0 0 200,000 0.00%Transfers out - #122 (replenish reserve) 490,000 0 490,000 0 100.00%Transfers out - #309 (CP outdoor venue Phase 1 ) 200,000 0 0 200,000 0.00%Transfers out - #309 (Browns Park lighting & path ) 200,000 0 0 200,000 0.00%Transfers out - #309 (Appleway Trail Amenities ) 29,725 0 0 29,725 0.00%Transfers out - #312 3,795,429 0 3,795,429 0 100.00%

Total Nonrecurring Expenditures 5,249,663 0 4,398,815 850,848 83.79%

Nonrecurring Revenues Over (Under)Nonrecurring Expenditures (5,209,238) 3,369 (4,358,390) 850,848

Excess (Deficit) of Total RevenuesOver (Under) Total Expenditures (3,103,557) 307,932 1,208,682 4,312,239

Beginning fund balance 33,664,222 33,664,222Ending fund balance 30,560,665 34,872,904




2018

SPECIAL REVENUE FUNDS#101 - STREET FUND


Telephone Utility Tax 1,900,000 139,195 1,618,254 (281,746) 85.17%Motor Vehicle Fuel (Gas) Tax 2,052,400 198,445 1,915,056 (137,344) 93.31%Multimodal Transportation 133,800 33,377 133,525 (275) 99.79%Right-of-Way Maintenance Fee 70,000 0 16,836 (53,164) 24.05%Investment Interest 6,000 1,593 15,774 9,774 262.90%Miscellaneous Revenue 10,000 0 22,265 12,265 222.65%

Total Recurring Revenues 4,172,200 372,609 3,721,711 (450,489) 89.20%

ExpendituresWages / Benefits / Payroll Taxes 771,019 83,957 774,688 (3,669) 100.48%Supplies 112,500 2,608 92,451 20,049 82.18%Services & Charges 2,142,206 109,039 1,747,628 394,578 81.58%Snow Operations 504,800 28,368 491,170 13,630 97.30%Intergovernmental Payments 851,000 70,018 755,925 95,075 88.83%Transfers out - #001 39,700 3,308 39,700 0 100.00%Transfers out - #501 (non-plow vehicle rental) 21,250 1,771 21,250 0 100.00%Transfers out - #501 (plow replace.) 77,929 6,494 77,929 0 100.00%Transfers out - #311 (pavement preservation) 67,342 5,612 67,342 0 100.00%

Total Recurring Expenditures 4,587,746 311,175 4,068,083 519,663 88.67%

Recurring Revenues Over (Under)Recurring Expenditures (415,546) 61,435 (346,372) 69,174

NONRECURRING ACTIVITYRevenues

Grant proceeds 0 0 0 0 0.00%Insurance proceeds (traffic signal cabinet) 0 0 11,712 11,712 0.00%Utility tax recovery 0 0 96,260 96,260 0.00%Interest & penalties on utility taxes 0 0 63,994 63,994 0.00%

Total Nonrecurring Revenues 0 0 171,965 171,965 0.00%

ExpendituresTraffic Control Devices-Repair & Maintenance 15,000 0 27,730 (12,730) 184.87%8th & Carnahan Intersection Improvements 0 0 2,720 (2,720) 0.00%

Total Nonrecurring Expenditures 15,000 0 30,450 (15,450) 203.00%

Nonrecurring Revenues Over (Under)Nonrecurring Expenditures (15,000) 0 141,515 156,515

Excess (Deficit) of Total RevenuesOver (Under) Total Expenditures (430,546) 61,435 (204,858) 225,688

Beginning fund balance 1,067,294 1,067,294Ending fund balance 636,748 862,436

#103 - PATHS & TRAILSRevenues

Motor Vehicle Fuel (Gas) Tax 8,700 837 8,077 (623) 92.84%Investment Interest 0 8 381 381 0.00%

Total revenues 8,700 845 8,458 (242) 97.22%

ExpendituresCapital Outlay 0 0 0 0 0.00%Transfers out - #309 (Appleway Trail - Sullivan to C 50,000 0 50,000 0 100.00%

Total expenditures 50,000 0 50,000 0 100.00%

Revenues over (under) expenditures (41,300) 845 (41,542) (242)

Beginning fund balance 46,324 46,324Ending fund balance 5,024 4,782




2018

SPECIAL REVENUE FUNDS - continued#104 - TOURISM FACILITIES HOTEL/MOTEL TAX FUNDRevenues

Tourism Facilities Hotel/Motel Tax 377,000 33,686 389,552 12,552 103.33%Investment Interest 1,500 2,625 21,332 19,832 1422.14%Transfers in - #105 250,000 0 0 (250,000) 0.00%

Total revenues 628,500 36,311 410,884 (217,616) 65.38%

ExpendituresCapital Expenditures 0 0 0 0 0.00%

Total expenditures 0 0 0 0 0.00%

Revenues over (under) expenditures 628,500 36,311 410,884 (217,616)


#105 - HOTEL / MOTEL TAX FUNDRevenues

Hotel/Motel Tax 580,000 52,868 606,612 26,612 104.59%Investment Interest 1,000 888 6,093 5,093 609.34%

Total revenues 581,000 53,756 612,706 31,706 105.46%

ExpendituresTransfers out - #001 30,000 0 0 30,000 0.00%Transfers out - #104 250,000 0 0 250,000 0.00%Tourism Promotion 322,000 56,400 292,727 29,273 90.91%

Total expenditures 602,000 56,400 292,727 309,273 48.63%

Revenues over (under) expenditures (21,000) (2,644) 319,978 (277,567)


#106 - SOLID WASTERevenues

Solid Waste Administrative Fees 225,000 12,027 171,710 53,290 76.32%Solid Waste Road Wear Fee 1,000,000 138,306 1,007,317 (7,317) 100.73%Investment Interest 0 2,110 10,194 (10,194) 0.00%Grant Proceeds 0 0 0 0 0.00%

Total revenues 1,225,000 152,443 1,189,222 35,778 97.08%

ExpendituresTransfers out - #001 40,425 3,369 40,425 0 100.00%Transfers out - #311 1,000,000 0 0 1,000,000 0.00%Education & Contract Administration 184,575 1,502 22,313 162,262 12.09%

Total expenditures 1,225,000 4,871 62,738 1,162,262 5.12%

Revenues over (under) expenditures 0 147,572 1,126,484 (1,126,484)

Beginning fund balance 190,682 190,682Ending fund balance 190,682 1,317,166




2018

SPECIAL REVENUE FUNDS - continued#107 - PEG FUNDRevenues

Comcast PEG Contribution 79,000 19,772 61,428 17,572 77.76%Investment Interest 0 130 830 (830) 0.00%

Total revenues 79,000 19,902 62,258 16,742 78.81%

ExpendituresPEG Reimbursement - CMTV 40,200 0 38,956 1,244 96.90%Capital Outlay 31,000 597 8,708 22,292 28.09%

Total expenditures 71,200 597 47,664 23,536 66.94%



#120 - CENTER PLACE OPERATING RESERVE FUNDRevenues

Investment Interest 0 0 0 0 0.00%Transfers in 0 0 0 0 0.00%

Total revenues 0 0 0 0 0.00%

ExpendituresOperations 0 0 0 0 0.00%


Revenues over (under) expenditures 0 0 0 0


#121 - SERVICE LEVEL STABILIZATION RESERVE FUNDRevenues

Investment Interest 0 0 0 0 0.00%Transfers in 0 0 0 0 0.00%

Total revenues 0 0 0 0 0.00%

ExpendituresOperations 0 0 0 0 0.00%


Revenues over (under) expenditures 0 0 0 0


#122 - WINTER WEATHER RESERVE FUNDRevenues

Investment Interest 3,500 799 4,486 986 128.17%Transfers in - #001 490,000 0 490,000 0 100.00%

Subtotal revenues 493,500 799 494,486 986 100.20%

ExpendituresSnow removal expenses 500,000 0 0 500,000 0.00%

Total expenditures 500,000 0 0 500,000 0.00%

Revenues over (under) expenditures (6,500) 799 494,486 (499,014)Beginning fund balance 7,717 7,717Ending fund balance 1,217 502,203




2018

DEBT SERVICE FUNDS#204 - DEBT SERVICE FUNDRevenues

Spokane Public Facilities District 414,050 0 414,050 0 100.00%Transfers in - #001 399,350 33,279 399,350 0 100.00%Transfers in - #301 82,000 6,833 82,000 0 100.00%Transfers in - #302 82,000 6,833 82,000 0 100.00%

Total revenues 977,400 46,946 977,400 0 100.00%

ExpendituresDebt Service Payments - CenterPlace 414,050 0 414,050 0 100.00%Debt Service Payments - Roads 164,000 0 164,000 0 100.00%Debt Service Payments - '16 LTGO Bond 399,350 0 399,350 0 100.00%

Total expenditures 977,400 0 977,400 0 100.00%

Revenues over (under) expenditures 0 46,946 0 0

Beginning fund balance 0 0Ending fund balance 0 0




2018

CAPITAL PROJECTS FUNDS#301 - CAPITAL PROJECTS FUNDRevenues

REET 1 - Taxes 1,500,000 105,889 1,836,760 336,760 122.45%Investment Interest 7,500 4,845 41,783 34,283 557.11%

Total revenues 1,507,500 110,734 1,878,543 371,043 124.61%

ExpendituresTransfers out - #204 82,000 6,833 82,000 0 100.00%Transfers out - #303 1,048,852 0 895,558 153,294 85.38%Transfers out - #311 (pavement preservation) 685,329 0 0 685,329 0.00%Transfers out - #314 38,000 0 0 38,000 0.00%

Total expenditures 1,854,181 6,833 977,558 876,623 52.72%

Revenues over (under) expenditures (346,681) 103,900 900,984 (505,580)


#302 - SPECIAL CAPITAL PROJECTS FUNDRevenues

REET 2 - Taxes 1,500,000 105,889 1,836,760 336,760 122.45%Investment Interest 8,000 6,319 55,016 47,016 687.70%

Total revenues 1,508,000 112,208 1,891,776 383,776 125.45%

ExpendituresTransfers out - #204 82,000 6,833 82,000 0 100.00%Transfers out - #303 1,099,434 0 871,225 228,209 79.24%Transfers out - #311 (pavement preservation) 685,329 0 0 685,329 0.00%

Total expenditures 1,866,763 6,833 953,225 913,538 51.06%

Revenues over (under) expenditures (358,763) 105,374 938,551 (529,762)Beginning fund balance 3,008,424 3,008,424Ending fund balance 2,649,661 3,946,975




2018

CAPITAL PROJECTS FUNDS - continued#303 STREET CAPITAL PROJECTS FUNDRevenues

Grant Proceeds 7,981,145 14,094 6,453,990 (1,527,155) 80.87%Developer Contribution 33,032 0 0 (33,032) 0.00%Transfers in - #301 1,048,852 0 895,558 (153,294) 85.38%Transfers in - #302 1,099,434 0 871,225 (228,209) 79.24%Transfers in - #312 989,327 0 (1,251,465) (2,240,792) -126.50%Investment Interest 0 0 214 214 0.00%

Total revenues 11,151,790 14,094 6,969,521 (4,182,269) 62.50%

Expenditures123 Mission Ave - Flora to Barker 3,762,128 378,708 3,061,526 700,602 81.38%141 Sullivan & Euclid PCC 25,000 0 14,722 10,278 58.89%142 Broadway @ Argonne/Mullan 2,341,799 1,929 1,956,617 385,182 83.55%155 Sullivan Rd W Bridge Replacement 0 0 898 (898) 0.00%166 Pines Rd. (SR27) & Grace Ave. Int. Safety 495,000 2,110 563,948 (68,948) 113.93%201 ITS Infill Project Phase 1 (PE Start 2014) 437,000 17,837 411,320 25,680 94.12%205 Sprague/Barker Intersection Improvement 35,700 0 0 35,700 0.00%221 McDonald Rd Diet (16th to Mission) 1,000 0 0 1,000 0.00%222 Citywide Reflective Signal Backplates 42,645 539 15,548 27,097 36.46%239 Bowdish Rd & 12th Ave. Sidewalk 5,000 0 0 5,000 0.00%247 8th & Carnahan Intersection Improvements 425,000 212 424,326 674 99.84%249 Sullivan & Wellesley Intersection 268,000 3,707 60,477 207,523 22.57%250 9th Ave Sidewalk 2,000 0 0 2,000 0.00%251 Euclid Ave Reconstruction Project 419,359 936 245,732 173,627 58.60%258 32nd Ave Sidewalk-SR27 to Evergreen 407,870 2,555 428,468 (20,598) 105.05%259 North Sullivan ITS Project 85,000 0 58,713 26,287 69.07%263 Citywide Signal Backplates 124,719 63 96,218 28,501 77.15%264 8th Ave Sidewalk - Dicky to Thierman 458,958 0 355,465 103,493 77.45%265 Wellesley Sidewalk Project 38,000 1,912 26,315 11,685 69.25%267 Mission SW - Bowdish to Union 60,250 2,048 34,443 25,807 57.17%273 Barker/I-90 Interchange 500,000 551 6,504 493,496 1.30%275 Barker Rd Widening - River to Euclid 88,000 20,951 23,509 64,491 26.71%276 Barker Rd Widening - Euclid to Garland 54,000 18,660 21,793 32,207 40.36%277 Barker Rd Widening - Garland to Trent 36,000 9,156 12,145 23,855 33.74%278 Wilbur Sidewalk - Boone to Broadway 20,000 4,858 16,631 3,369 83.15%279 Know Ave Sidewalk: Hutchinson to Sargent 20,000 2,765 5,585 14,415 27.93%281 Highland Estates Connector 0 4,608 22,987 (22,987) 0.00%

Contingency 999,362 0 0 999,362 0.00%

Total expenditures 11,151,790 474,106 7,863,889 3,287,901 70.52%

Revenues over (under) expenditures 0 (460,011) (894,367) (7,470,170)

Beginning fund balance 66,692 66,692Ending fund balance 66,692 (827,675)

Note: Work performed in the Street Capital Projects Fund for preservation projects is for items such as sidewalk upgrades that were bid with the pavement preservation work.




2018

CAPITAL PROJECTS FUNDS - continued#309 - PARKS CAPITAL PROJECTS FUNDRevenues

Grant Proceeds 1,693,200 0 1,604,079 (89,121) 94.74%Transfers in - #001 589,725 13,333 160,000 (429,725) 27.13%Transfers in - #103 (Appleway Trail) 50,000 0 50,000 0 100.00%Transfers in - #312 (Appleway Trail) 324,100 0 2,423 (321,677) 0.75%Investment Interest 0 0 183 183 0.00%

Total revenues 2,657,025 13,333 1,816,684 (840,341) 68.37%

Expenditures227 Appleway Trail - Pines to Evergreen 0 0 14,860 (14,860) 0.00%237 Appleway Trail - Sullivan to Corbin 2,086,300 24,002 2,125,711 (39,411) 101.89%268 Appleway Trail - Evergreen to Sullivan 164,000 2,161 20,107 143,893 12.26%270 CenterPlace outdoor venue - Phase I 200,000 (7,287) 204,302 (4,302) 102.15%271 Browns Park lighting and pathway 23,200 718 22,602 598 97.42%274 Park Signs Ph III (Sullivan, Park Rd, Balfour ) 24,000 0 13,837 10,163 57.65%280 Appleway Trail Amenities: Univ. - Pines 29,725 7,747 19,894 9,831 66.93%282 Browns Park Sand Volleyball Courts 176,800 124,363 160,492 16,308 90.78%283 Electrical Upgrade - Mirabeau Point Park 7,700 0 7,693 7 99.91%288 Heart of the Valley Sculpture Placement 28,000 4,975 4,975 23,025 17.77%

Total expenditures 2,739,725 156,680 2,594,473 145,252 94.70%

Revenues over (under) expenditures (82,700) (143,346) (777,789) (985,593)

Beginning fund balance 126,202 126,202Ending fund balance 43,502 (651,587)

#310 - CIVIC FACILITIES CAPITAL PROJECTS FUNDRevenues

Investment Interest 5,900 1,371 12,560 6,660 212.88%

Total revenues 5,900 1,371 12,560 6,660 212.88%

ExpendituresTransfers out 0 0 0 0 0.00%


Revenues over (under) expenditures 5,900 1,371 12,560 6,660


Note: The fund balance 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 2017 then the City may repurchase this land at the original sale price of $839,285.10.




2018

CAPITAL PROJECTS FUNDS - continued#311 - PAVEMENT PRESERVATION FUNDRevenues

Transfers in - #001 962,700 80,225 962,700 0 100.00%Transfers in - #101 67,342 5,612 67,342 0 100.00%Transfers in - #106 1,000,000 0 0 (1,000,000) 0.00%Transfers in - #301 685,329 0 0 (685,329) 0.00%Transfers in - #302 685,329 0 0 (685,329) 0.00%Grant Proceeds 1,572,500 0 1,419,994 (152,506) 90.30%Investment Interest 0 3,853 50,540 50,540 0.00%

Total revenues 4,973,200 89,690 2,500,576 (2,472,624) 50.28%

ExpendituresPre-Project GeoTech Services 50,000 0 1,800 48,200 3.60%Pavement Preservation 4,410,540 0 116,019 4,294,521 2.63%

226 Appleway Resurfacing, Park to Dishman Mica 0 0 341 (341) 0.00%240 Saltese Road Preservation 0 0 33 (33) 0.00%248 Sprague Street Pres - Sullivan to Corbin 0 24,299 1,337,788 (1,337,788) 0.00%252 Argonne Resurfacing: Broadway to Indiana 0 971 54,860 (54,860) 0.00%253 Mission - Pines to McDonald 0 0 36 (36) 0.00%254 Mission - McDonald to Evergreen 0 6,414 668,709 (668,709) 0.00%256 University Rd Pres - 24th to Dishman Mica 0 5,803 7,896 (7,896) 0.00%257 University Rd Pres - 16th to 24th 0 1,370 2,334 (2,334) 0.00%258 32nd Ave Sidewalk - SR27 to Evergreen 0 0 132,151 (132,151) 0.00%267 Mission SW - Bowdish to Union 0 3,757 7,474 (7,474) 0.00%269 Evergreen - Mission Connector to Indiana 0 892 8,364 (8,364) 0.00%272 Euclid Ave Preservation Project 0 2,720 1,135,901 (1,135,901) 0.00%284 Argonne Rd. Pres - Valleyway to Broadway 0 724 1,635 (1,635) 0.00%285 Indiana Ave Pres - Evergreen to Sullivan 0 1,732 2,495 (2,495) 0.00%286 Broadway Preservation: Havana to Fancher 0 4,237 4,237 (4,237) 0.00%

Total expenditures 4,460,540 52,919 3,482,074 978,466 78.06%

Revenues over (under) expenditures 512,660 36,771 (981,498) (3,451,091)


#312 - CAPITAL RESERVE FUNDRevenues

Transfers in - #001 3,795,429 0 3,795,429 0 100.00%Transfers in - #313 74,960 0 0 (74,960) 0.00%Sale of Land 0 405,057 405,057 405,057 0.00%Investment Interest 16,000 15,928 109,266 93,266 682.91%

Total revenues 3,886,389 420,985 4,309,752 423,363 110.89%

Expenditures215 City Hall Construction Project 5,383 0 5,383 (0) 100.00%

Sale of Land 0 31,659 31,659 (31,659) 0.00%Transfers out - #303 989,327 0 (1,251,465) 2,240,792 -126.50%Transfers out - #309 324,100 0 2,423 321,677 0.75%Transfers out - #314 4,809 0 0 4,809 0.00%

Total expenditures 1,323,619 31,659 (1,212,000) 2,535,619 -91.57%

Revenues over (under) expenditures 2,562,770 389,326 5,521,752 (2,112,256)





2018

CAPITAL PROJECTS FUNDS - continued#313 - CITY HALL CONSTRUCTION FUNDRevenues

Investment Interest 0 140 1,264 1,264 0.00%

Total revenues 0 140 1,264 1,264 0.00%

ExpendituresCapital Outlay - City Hall 0 0 14,856 (14,856) 0.00%Transfers out - #312 74,960 0 0 74,960 0.00%


Revenues over (under) expenditures (74,960) 140 (13,592) (58,840)


#314 - RAILROAD GRADE SEPARATION PROJECTS FUNDRevenues

Grant Proceeds 770,000 0 496,051 (273,949) 64.42%Investment Interest 0 1,435 15,015 15,015 0.00%Transfers in - #301 38,000 0 0 (38,000) 0.00%Transfers in - #312 4,809 0 0 (4,809) 0.00%

Total revenues 812,809 1,435 511,066 (301,743) 62.88%

Expenditures143 Barker Rd/BNSF Grade Separation 900,000 75,085 484,839 415,161 53.87%223 Pines Rd Underpass 80,000 5,396 47,182 32,818 58.98%

Total expenditures 980,000 80,481 532,021 447,979 54.29%

Revenues over (under) expenditures (167,191) (79,046) (20,955) (749,722)

Beginning fund balance 1,068,803 1,068,803Ending fund balance 901,612 1,047,848




2018

ENTERPRISE FUNDS#402 - STORMWATER FUND


Stormwater Management Fees 1,870,000 105,833 1,914,035 44,035 102.35%Investment Interest 7,500 4,083 36,031 28,531 480.41%

Total Recurring Revenues 1,877,500 109,915 1,950,066 72,566 103.87%

ExpendituresWages / Benefits / Payroll Taxes 557,157 31,072 403,470 153,687 72.42%Supplies 14,800 440 11,826 2,974 79.91%Services & Charges 1,141,210 70,258 1,064,902 76,308 93.31%Intergovernmental Payments 35,000 0 53,877 (18,877) 153.93%Vehicle Rentals - #501 12,750 0 0 12,750 0.00%Transfers out - #001 13,400 1,117 13,400 0 100.00%

Total Recurring Expenditures 1,774,317 102,886 1,547,475 226,842 87.22%

Recurring Revenues Over (Under)Recurring Expenditures 103,183 7,029 402,591 299,408

NONRECURRING ACTIVITYRevenues

Grant Proceeds 65,000 1,415 134,262 69,262 206.56%

Total Nonrecurring Revenues 65,000 1,415 134,262 69,262 206.56%

ExpendituresCapital - various projects 450,000 0 4,200 445,800 0.93%

193 Effectiveness Study 15,000 0 0 15,000 0.00%248 Sprague Street Pres - Sullivan to Corbin 0 104 205,068 (205,068) 0.00%258 32nd Ave Sidewalk - SR27 to Evergreen 0 0 58,933 (58,933) 0.00%264 8th Ave Sidewalk - Dicky to Thierman 0 0 83,803 (83,803) 0.00%267 Mission SW - Bowdish to Union 0 109 219 (219) 0.00%279 Knox Ave Sidewalk: Hutchinson to Sargent 0 963 1,862 (1,862) 0.00%

Watershed Studies 60,000 0 0 60,000 0.00%

Total Nonrecurring Expenditures 525,000 1,175 354,085 170,915 67.44%

Nonrecurring Revenues Over (Under)Nonrecurring Expenditures (460,000) 240 (219,822) 240,178

Excess (Deficit) of Total RevenuesOver (Under) Total Expenditures (356,817) 7,269 182,769 539,586

Beginning working capital 1,973,424 1,973,424Ending working capital 1,616,607 2,156,193

Note: Work performed in the Stormwater Fund for preservation projects is for stormwater improvements that were bid with the pavement preservation work.

#403 - AQUIFER PROTECTION AREARevenues

Spokane County 460,000 208,991 462,980 2,980 100.65%Grant Proceeds 445,955 0 597,733 151,778 134.03%Investment Interest 0 2,987 25,376 25,376 0.00%

Total revenues 905,955 211,978 1,086,090 180,135 119.88%

ExpendituresCapital - various projects 648,780 57,810 662,718 (13,938) 102.15%

Total expenditures 648,780 57,810 662,718 (13,938) 102.15%

Revenues over (under) expenditures 257,175 154,168 423,371 194,073





2018

INTERNAL SERVICE FUNDS#501 - ER&R FUNDRevenues

Interfund vehicle lease - #001 30,000 2,500 30,000 0 100.00%Interfund vehicle lease - #101 21,250 1,771 21,250 0 100.00%Interfund vehicle lease - #101 (plow replace) 77,929 6,494 77,929 0 100.00%Interfund vehicle lease - #402 12,750 1,063 12,750 0 100.00%Transfers in - #001 (CenterPlace kitchen reserve) 36,600 3,050 36,600 0 100.00%Investment Interest 4,000 2,063 17,633 13,633 440.82%

Total revenues 182,529 16,941 196,162 13,633 107.47%

ExpendituresSmall tools and minor equipment 20,000 0 3,714 16,286 18.57%




#502 - RISK MANAGEMENT FUNDRevenues

Investment Interest 0 426 1,673 1,673 0.00%Transfers in - #001 370,000 30,833 370,000 0 100.00%

Total revenues 370,000 31,259 371,673 1,673 100.45%

ExpendituresAuto & Property Insurance 370,000 0 345,769 24,231 93.45%Unemployment Claims 0 0 4,262 (4,262) 0.00%


Revenues over (under) expenditures 0 31,259 21,641 (18,296)

Beginning working capital 244,261 244,261Ending working capital 244,261 265,902

SUMMARY FOR ALL FUNDSTotal of Revenues for all Funds 81,116,922 5,627,867 74,953,402 Per Revenue Status Report 81,116,922 5,627,867 74,953,402 Difference - - -

Total of Expenditures for all Funds 81,969,603 4,845,252 66,118,819Per Expenditure Status Report 81,969,603 4,845,252 66,118,819

- - -

Total Capital expenditures (included in total expenditures) 20,691,554 823,167 15,470,669


CITY OF SPOKANE VALLEY, WA 1/10/2019

Investment Report

For the Twelve-Month Period Ended December 31, 2018

UMPQUA UMPQUA TotalLGIP* CD #9731 CD #0689 Investments

Beginning $ 56,934,969.34 $ 3,000,000.00 $ 2,011,894.91 $ 60,146,128.50Deposits 2,853,118.59 0.00 0.00 2,853,118.59Withdrawls (1,200,000.00) 0.00 0.00 (1,200,000.00)Interest 114,580.21 35,525.76 33,935.35 184,041.32

Ending $ 58,702,668.14 $ 3,035,525.76 $ 2,045,830.26 $ 63,784,024.16,

matures: 6/28/2019 11/15/2019rate: 2.30% 2.85%

EarningsBalance Current Period Year to date Budget

001 General Fund $ 31,846,615.66 $ 132,438.83 622,132.07 $ 136,000.00101 Street Fund 815,944.40 1,592.62 15,744.29 6,000.00103 Trails & Paths 3,923.03 7.66 381.30 0.00104 Tourism Facilities Hotel/Motel 1,344,742.84 2,624.77 21,332.06 1,500.00105 Hotel/Motel 454,934.99 887.98 6,093.35 1,000.00106 Solid Waste Fund 1,081,136.65 2,110.24 10,194.45 0.00107 PEG Fund 66,547.33 129.89 830.10 0.00120 CenterPlace Operating Reserve 0.00 0.00 0.00 0.00121 Service Level Stabilization Reserve 5,500,000.00 0.00 0.00 0.00122 Winter Weather Reserve 409,322.94 798.95 4,486.09 3,500.00301 Capital Projects 2,482,296.97 4,845.13 41,782.93 7,500.00302 Special Capital Projects 3,237,409.76 6,319.02 55,016.21 8,000.00303 Street Capital Projects Fund 0.00 0.00 213.54 0.00309 Parks Capital Project 0.00 0.00 182.54 0.00310 Civic Buildings Capital Projects 702,316.79 1,370.83 12,560.18 5,900.00311 Pavement Preservation 1,973,833.08 3,852.67 50,539.50 0.00312 Capital Reserve Fund 8,160,456.39 15,928.18 109,266.32 16,000.00313 City Hall Construction Fund 71,756.47 140.06 1,263.65 0.00314 Railroad Grade Separation Projects 735,434.51 1,435.48 15,015.20 0.00402 Stormwater Management 2,091,605.26 4,082.55 36,030.77 7,500.00403 Aquifer Protection Fund 1,530,576.60 2,987.49 25,375.72 0.00501 Equipment Rental & Replacement 1,057,070.37 2,063.27 17,632.90 4,000.00502 Risk Management 218,100.12 425.70 1,672.60 0.00

$ 63,784,024.16 $ 184,041.32 $ 1,047,745.77 $ 196,900.00

*Local Government Investment Pool


CITY OF SPOKANE VALLEY, WA 1/10/2019

Sales Tax Receipts

For the Twelve-Month Period Ended December 31, 2018

Month DifferenceReceived 2017 2018 $ %

February 2,250,071.29 2,353,128.35 103,057.06 4.58%March 1,553,546.20 1,744,900.00 191,353.80 12.32%April 1,567,402.86 1,757,754.18 190,351.32 12.14%May 1,962,909.06 2,173,916.87 211,007.81 10.75%June 1,765,547.51 1,991,560.58 226,013.07 12.80%July 1,980,537.73 2,115,585.73 135,048.00 6.82%August 2,191,814.27 2,328,306.22 136,491.95 6.23%September 2,119,588.28 2,238,047.38 118,459.10 5.59%October 2,207,153.00 2,280,671.98 73,518.98 3.33%November 2,151,642.69 2,272,076.06 120,433.37 5.60%December 2,000,238.81 2,196,294.60 196,055.79 9.80%

21,750,451.70 23,452,241.95 1,701,790.25 7.82%

January 2,086,747.36

23,837,199.06 23,452,241.95

Sales tax receipts reported here reflect remittances for general sales tax, criminal justicesales tax and public safety tax.

The sales tax rate for retail sales transacted within the boundaries of the City of SpokaneValley is 8.8%. The tax that is paid by a purchaser at the point of sale is remitted by thevendor to the Washington State Department of Revenue who then remits the taxes back tothe various agencies that have imposed the tax. The allocation of the total 8.8% tax rate tothe agencies is as follows:- State of Washington 6.50%- City of Spokane Valley 0.85%- Spokane County 0.15%- Spokane Public Facilities District 0.10% *- Criminal Justice 0.10%- Public Safety 0.10% * 2.30% local tax- Juvenile Jail 0.10% *- Mental Health 0.10% *- Law Enforcement Communications 0.10% *- Spokane Transit Authority 0.70% *

8.80%

* Indicates voter approved sales taxes

In addition to the .85% reported above that the City receives, we also receive a portion ofthe Criminal Justice and Public Safety sales taxes. The distribution of those taxes iscomputed as follows:

Criminal Justice: The tax is assessed county-wide and of the total collected, theState distributes 10% of the receipts to Spokane County, with the remainderallocated on a per capita basis to the County and the cities within the County.

Public Safety: The tax is assessed county-wide and of the total collected, theState distributes 60% of the receipts to Spokane County, with the remainderallocated on a per capita basis to the cities within the County.

P:\Finance\Finance Activity Reports\Tax Revenue\Sales Tax\2018\sales tax collections 2018.xlsx

CITY OF SPOKANE VALLEY, WA 1/14/2019Sales Tax Collections - NovemberFor the years 2009 through 2018

2018 to 2017Difference

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 $ %January 1,484,350 1,491,059 1,460,548 1,589,887 1,671,269 1,677,887 1,732,299 1,863,225 1,992,273 2,078,412 86,139 4.32%February 1,098,575 963,749 990,157 1,009,389 1,133,347 1,170,640 1,197,323 1,316,682 1,369,740 1,536,252 166,512 12.16%March 1,068,811 1,018,468 1,015,762 1,067,733 1,148,486 1,201,991 1,235,252 1,378,300 1,389,644 1,564,282 174,638 12.57%April 1,134,552 1,184,137 1,284,180 1,277,621 1,358,834 1,448,539 1,462,096 1,640,913 1,737,933 1,926,551 188,618 10.85%May 1,098,054 1,102,523 1,187,737 1,174,962 1,320,449 1,400,956 1,373,710 1,566,178 1,564,119 1,762,119 198,000 12.66%June 1,151,772 1,123,907 1,248,218 1,290,976 1,389,802 1,462,558 1,693,461 1,641,642 1,751,936 1,871,077 119,141 6.80%July 1,309,401 1,260,873 1,332,834 1,302,706 1,424,243 1,545,052 1,718,428 1,776,653 1,935,028 2,053,961 118,933 6.15%August 1,212,531 1,211,450 1,279,500 1,299,678 1,465,563 1,575,371 1,684,700 1,746,371 1,877,899 1,980,940 103,041 5.49%September 1,227,813 1,191,558 1,294,403 1,383,123 1,466,148 1,552,736 1,563,950 1,816,923 1,946,689 2,019,198 72,509 3.72%October 1,236,493 1,269,505 1,291,217 1,358,533 1,439,321 1,594,503 1,618,821 1,822,998 1,898,067 2,005,836 107,769 5.68%November 1,155,647 1,139,058 1,217,933 1,349,580 1,362,021 1,426,254 1,487,624 1,652,181 1,768,817 1,925,817 157,000 8.88%

Collected to date 13,177,999 12,956,287 13,602,489 14,104,188 15,179,483 16,056,487 16,767,664 18,222,066 19,232,145 20,724,445 1,492,300 7.76%

December 1,070,245 1,141,012 1,247,920 1,323,189 1,408,134 1,383,596 1,441,904 1,664,983 1,856,989 0 Total Collections 14,248,244 14,097,299 14,850,409 15,427,377 16,587,617 17,440,083 18,209,568 19,887,049 21,089,134 20,724,445 Budget Estimate 17,860,000 14,410,000 14,210,000 14,210,000 15,250,000 16,990,000 17,628,400 18,480,500 19,852,100 20,881,900Actual over (under) budg (3,611,756) (312,701) 640,409 1,217,377 1,337,617 450,083 581,168 1,406,549 1,237,034 (157,455)

Total actual collections as a % of total budget 79.78% 97.83% 104.51% 108.57% 108.77% 102.65% 103.30% 107.61% 106.23% n/a

% change in annual total collected (11.84%) (1.06%) 5.34% 3.89% 7.52% 5.14% 4.41% 9.21% 6.04% n/a

% of budget collected through November 73.78% 89.91% 95.72% 99.26% 99.54% 94.51% 95.12% 98.60% 96.88% 99.25%

% of actual total collected through November 92.49% 91.91% 91.60% 91.42% 91.51% 92.07% 92.08% 91.63% 91.19% n/a

Chart Reflecting History of Collections through the Month of November

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

November

November

October

September

August

July

June

May

April

March

P:\Finance\Finance Activity Reports\Tax Revenue\Lodging Tax\2018\105 hotel motel tax 2018.xlsx

CITY OF SPOKANE VALLEY, WA 1/14/2019Hotel/Motel Tax Receipts through - NovemberActual for the years 2009 through 2018


2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 $ %January 23,280 22,707 22,212 21,442 24,185 25,425 27,092 31,887 27,210 28,752 1,542 5.67%February 23,284 23,417 22,792 21,549 25,975 26,014 27,111 27,773 26,795 28,878 2,083 7.77%March 25,272 24,232 24,611 25,655 27,739 29,384 32,998 34,330 31,601 31,906 305 0.97%April 36,254 39,463 38,230 52,130 40,979 48,246 50,455 52,551 52,242 57,664 5,422 10.38%May 32,589 34,683 33,791 37,478 40,560 41,123 44,283 50,230 50,112 51,777 1,665 3.32%June 40,415 39,935 41,403 43,971 47,850 52,618 56,975 55,060 60,637 62,048 1,411 2.33%July 43,950 47,385 49,312 52,819 56,157 61,514 61,809 65,007 69,337 71,865 2,528 3.65%August 50,147 54,923 57,452 57,229 63,816 70,384 72,697 73,700 76,972 79,368 2,396 3.11%September 50,818 59,419 58,908 64,299 70,794 76,100 74,051 70,305 80,173 79,661 (512) (0.64%)October 36,784 41,272 39,028 43,699 43,836 45,604 49,880 55,660 56,631 61,826 5,195 9.17%November 34,055 34,330 37,339 39,301 42,542 39,600 42,376 46,393 47,090 52,868 5,778 12.27%

Total Collections 396,847 421,768 425,079 459,572 484,434 516,011 539,727 562,896 578,800 606,613 27,813 4.81%

December 27,131 26,777 32,523 30,432 34,238 33,256 41,510 33,478 37,180 0 Total Collections 423,978 448,545 457,603 490,004 518,672 549,267 581,237 596,374 615,980 606,613 Budget Estimate 512,000 380,000 480,000 430,000 490,000 530,000 550,000 580,000 580,000 580,000Actual over (under) budg (88,022) 68,545 (22,397) 60,004 28,672 19,267 31,237 16,374 35,980 26,613


% change in annual total collected (9.23%) 5.79% 2.02% 7.08% 5.85% 5.90% 5.82% 2.60% 3.29% n/a




0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

November

November

October

September

August

July

June

May

April

March

February

January

P:\Finance\Finance Activity Reports\Tax Revenue\REET\2018\301 and 302 REET for 2018.xlsx

CITY OF SPOKANE VALLEY, WA 1/14/20191st and 2nd 1/4% REET Collections through NovemberActual for the years 2009 through 2018


2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 $ %January 55,281 59,887 64,128 46,359 56,898 61,192 96,141 104,446 153,661 239,437 85,776 55.82%February 45,181 64,122 36,443 56,115 155,226 67,049 103,508 83,583 124,514 146,892 22,378 17.97%March 73,307 86,204 95,880 71,730 72,172 81,724 165,868 220,637 282,724 310,562 27,838 9.85%April 81,156 99,507 79,681 86,537 90,377 105,448 236,521 205,654 169,060 218,842 49,782 29.45%May 77,464 109,625 124,692 111,627 116,165 198,870 165,748 192,806 202,734 646,397 443,663 218.84%June 105,021 105,680 81,579 124,976 139,112 106,676 347,421 284,897 248,768 277,424 28,656 11.52%July 122,530 84,834 79,629 101,049 128,921 208,199 217,375 248,899 449,654 302,941 (146,713) (32.63%)August 115,830 72,630 129,472 106,517 117,150 172,536 202,525 231,200 472,420 261,626 (210,794) (44.62%)September 93,862 75,812 68,020 63,517 174,070 152,323 179,849 178,046 187,348 259,492 72,144 38.51%October 113,961 93,256 61,396 238,095 117,806 123,505 128,833 253,038 207,895 584,792 376,897 181.29%November 133,265 72,021 74,753 104,886 78,324 172,227 129,870 186,434 229,800 263,115 33,315 14.50%

Collected to date 1,016,857 923,580 895,674 1,111,407 1,246,221 1,449,747 1,973,658 2,189,642 2,728,578 3,511,520 782,942 28.69%

December 71,366 38,725 65,077 74,300 75,429 117,682 157,919 164,180 278,995 0

Total distributed by Spokane County 1,088,222 962,304 960,751 1,185,707 1,321,650 1,567,429 2,131,578 2,353,822 3,007,573 3,511,520 Budget estimate 2,000,000 1,380,000 780,000 875,000 975,000 1,100,000 1,400,000 2,000,000 2,000,000 3,000,000Actual over (under) budget (911,778) (417,696) 180,751 310,707 346,650 467,429 731,578 353,822 1,007,573 511,520


% change in annual total collected (45.23%) (11.57%) (0.16%) 23.41% 11.47% 18.60% 35.99% 10.43% 27.77% n/a




0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

November

November

October

September

August

July

June

May

April

March

February

P:\Finance\Finance Activity Reports\Debt Capacity\2018\debt capacity 2018.xlsx

CITY OF SPOKANE VALLEY, WA 12/26/2018Debt Capacity

2017 Assessed Value for 2018 Property Taxes 8,634,114,798

Maximum Outstanding RemainingDebt as of Debt %

Capacity 12/31/2018 Capacity Utilized

Voted (UTGO) 1.00% of assessed value 86,341,148 0 86,341,148 0.00%Nonvoted (LTGO) 1.50% of assessed value 129,511,722 12,270,000 117,241,722 9.47%Voted park 2.50% of assessed value 215,852,870 0 215,852,870 0.00%Voted utility 2.50% of assessed value 215,852,870 0 215,852,870 0.00%

647,558,610 12,270,000 635,288,610 1.89%

Road & LTGO BondsPeriod Street 2016 LTGO GrandEnding CenterPlace Improvements Total Bonds Total

12/1/2014 225,000 135,000 360,000 0 360,000Bonds 12/1/2015 175,000 125,000 300,000 0 300,000Repaid 12/1/2016 185,000 130,000 315,000 75,000 390,000

12/1/2017 190,000 130,000 320,000 150,000 470,00012/1/2018 230,000 135,000 365,000 155,000 520,000

1,005,000 655,000 1,660,000 380,000 2,040,000

12/1/2019 255,000 140,000 395,000 160,000 555,00012/1/2020 290,000 140,000 430,000 165,000 595,00012/1/2021 320,000 145,000 465,000 170,000 635,00012/1/2022 350,000 150,000 500,000 175,000 675,00012/1/2023 390,000 155,000 545,000 180,000 725,00012/1/2024 430,000 0 430,000 185,000 615,00012/1/2025 465,000 0 465,000 195,000 660,00012/1/2026 505,000 0 505,000 200,000 705,00012/1/2027 395,000 0 395,000 205,000 600,00012/1/2028 300,000 0 300,000 215,000 515,00012/1/2029 245,000 0 245,000 220,000 465,00012/1/2030 225,000 0 225,000 225,000 450,000

Bonds 12/1/2031 180,000 0 180,000 235,000 415,000Remaining 12/1/2032 130,000 0 130,000 240,000 370,000

12/1/2033 165,000 0 165,000 250,000 415,00012/1/2034 0 0 0 260,000 260,00012/1/2035 0 0 0 270,000 270,00012/1/2036 0 0 0 280,000 280,00012/1/2037 0 0 0 290,000 290,00012/1/2038 0 0 0 305,000 305,00012/1/2039 0 0 0 315,000 315,00012/1/2040 0 0 0 330,000 330,00012/1/2041 0 0 0 340,000 340,00012/1/2042 0 0 0 355,000 355,00012/1/2043 0 0 0 365,000 365,00012/1/2044 0 0 0 375,000 375,00012/1/2045 0 0 0 390,000 390,000

4,645,000 730,000 5,375,000 6,895,000 12,270,000

5,650,000 1,385,000 7,035,000 7,275,000 14,310,000

2014 LTGO Bonds

P:\Finance\Finance Activity Reports\Tax Revenue\MVFT\2018\motor vehicle fuel tax collections 2018.xlsx

CITY OF SPOKANE VALLEY, WA 1/14/2019Motor Fuel (Gas) Tax Collections - NovemberFor the years 2009 through 2018


2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 $ %January 133,304 161,298 154,792 159,607 146,145 152,906 152,598 163,918 150,654 162,359 11,705 7.77%February 155,832 145,869 146,353 135,208 145,998 148,118 145,455 163,037 164,807 175,936 11,129 6.75%March 146,264 140,486 141,849 144,297 135,695 131,247 140,999 145,537 138,205 139,826 1,621 1.17%April 161,117 161,721 165,019 153,546 156,529 156,269 157,994 167,304 168,000 168,796 796 0.47%May 156,109 158,119 154,700 144,670 151,595 156,850 156,259 171,829 174,211 193,986 19,775 11.35%June 173,954 168,146 158,351 159,827 167,479 161,965 164,872 157,737 174,838 144,308 (30,530) (17.46%)July 169,756 164,221 165,398 160,565 155,348 157,805 168,205 177,427 177,019 194,267 17,248 9.74%August 179,012 176,869 153,361 164,050 173,983 172,308 186,277 177,567 195,780 205,438 9,658 4.93%September 175,965 175,067 173,820 171,651 195,397 173,299 174,505 194,640 184,342 180,874 (3,468) (1.88%)October 163,644 164,475 158,889 153,022 133,441 160,539 161,520 166,369 163,780 158,062 (5,718) (3.49%)November 167,340 168,477 160,461 162,324 164,303 165,871 181,771 176,178 194,814 199,282 4,468 2.29%

Collected to date 1,782,297 1,784,748 1,732,993 1,708,767 1,725,913 1,737,177 1,790,455 1,861,543 1,886,450 1,923,134 36,684 1.94%

December 144,376 143,257 124,714 138,223 142,140 141,298 153,338 152,787 154,298 0 Total Collections 1,926,673 1,928,005 1,857,707 1,846,990 1,868,053 1,878,475 1,943,793 2,014,330 2,040,748 1,923,134 Budget Estimate 2,050,000 1,900,000 1,875,000 1,905,800 1,868,900 1,866,400 1,867,700 2,013,400 2,048,900 2,061,100Actual over (under) budg (123,327) 28,005 (17,293) (58,810) (847) 12,075 76,093 930 (8,152) (137,966)


% change in annual total collected (3.45%) 0.07% (3.65%) (0.58%) 1.14% 0.56% 3.48% 3.63% 1.31% n/a




0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

November

November

October

September

August

July

June

May

April

March

P:\Finance\Finance Activity Reports\Tax Revenue\Telephone Tax\2018\telephone utility tax collections 2018.xlsx

CITY OF SPOKANE VALLEY, WA 1/14/2019Telephone Utility Tax Collections - NovemberFor the years 2009 through 2018


2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 $ %January 128,354 234,622 241,357 193,818 217,478 210,777 177,948 182,167 162,734 130,196 (32,538) (19.99%)February 282,773 266,041 230,366 261,074 216,552 205,953 212,845 173,971 163,300 164,060 760 0.47%March 230,721 264,175 245,539 234,113 223,884 208,206 174,738 177,209 162,536 158,416 (4,120) (2.53%)April 275,775 254,984 238,561 229,565 214,618 206,038 214,431 171,770 157,285 146,519 (10,766) (6.84%)May 242,115 255,056 236,985 227,469 129,270 210,010 187,856 174,512 161,506 149,434 (12,072) (7.47%)June 239,334 251,880 239,013 234,542 293,668 210,289 187,412 170,450 156,023 150,780 (5,243) (3.36%)July 269,631 250,593 244,191 226,118 213,078 205,651 190,984 174,405 157,502 147,281 (10,221) (6.49%)August 260,408 246,261 349,669 228,789 211,929 205,645 185,172 171,909 150,644 148,158 (2,486) (1.65%)September 249,380 240,111 241,476 227,042 210,602 199,193 183,351 170,476 155,977 141,290 (14,687) (9.42%)October 252,388 238,500 237,111 225,735 205,559 183,767 183,739 166,784 153,075 142,925 (10,150) (6.63%)November 254,819 247,848 240,246 225,319 212,947 213,454 175,235 166,823 151,208 139,195 (12,013) (7.94%)

Collected to date 2,685,698 2,750,071 2,744,514 2,513,584 2,349,585 2,258,983 2,073,711 1,900,476 1,731,790 1,618,254 (113,536) (6.56%)

December 368,775 236,065 236,449 221,883 213,097 202,077 183,472 168,832 161,115 0 Total Collections 3,054,473 2,986,136 2,980,963 2,735,467 2,562,682 2,461,060 2,257,183 2,069,308 1,892,905 1,618,254 Budget Estimate 2,500,000 2,800,000 3,000,000 3,000,000 2,900,000 2,750,000 2,565,100 2,340,000 2,000,000 1,900,000Actual over (under) budg 554,473 186,136 (19,037) (264,533) (337,318) (288,940) (307,917) (270,692) (107,095) (281,746)


% change in annual total collected n/a (2.24%) (0.17%) (8.24%) (6.32%) (3.97%) (8.28%) (8.32%) (8.52%) n/a




0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

November NovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary

2018 12 31 - 2018 12 preliminary no 1 - spokane …...real estate excise taxes (page 22) provide us...

Documents