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Home My WebLink About2003 ACFRCITY OF PASCO TABLE OF CONTENTS Year Ended December 31, 2003 Combining Statement of Revenues, Expenditures, and Changes in Fund Net Assets -Internal Service Funds ..................................................................... 121 Combining Statement of Cash Flows -Internal Service Funds ...................... 122 Schedule of Operations -Budget to Actual -Internal Service Funds 123 Schedule of Operations -Budget to Actual -Water /Sewer Fund ....... .... .......... 127 Additional Information Schedule of Real and Personal Property Taxes ........... ............................................................ 129 Schedule of Long-Term Debt -L. I. D. Assessments ....... .................................................... 130 Schedule of Long-Term Debt -General Obligation and Revenue ................................. 132 Schedule of Computation of Legal Debt Margin ....... .................................................... 134 Schedule of Operation of Investments -All Funds ........................................................... 135 Schedule of Cash and Investments .................................................................................... 136 Schedule of Short Term Interest Bearing Debt ........................................................................ 136 Schedule of Contributions for Employee Benefits ............................................................. 136 Schedule of Expenditures of Federal Awards & State and Local Financial Assistance ......................................................................................................................... 137 Notes to Schedule of Expenditures of Federal Awards & State and Local Financial Assistance .................................................................................... 139 Schedule of Labor Relations Consultants ........................................................................ 140 STATISTICAL SECTION Statistical Information Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7 Table 8 Table 9 Table 10 Table 11 General Government Revenues by Source and General Governmental Expenditures by Functions ............................................... 142 Property Tax Levies and Collections ................................................ 144 Assessed Actual Values of Taxable Property ............................................... 146 Property Tax Rates -Computation of Direct and Overlapping Government ............................................................................................................. 148 Special Assessment Collections ....................................................................... 150 Ratio of Net General Bonded Debt to Assessed Value and Bonded Debt Per Capita ..................................................................................... 151 Computation of Legal Debt Margin ................................... ............................. 152 Ratio of Annual Debt Service for General Bonded Debt to Total General Expenditures ........................................................................ 153 Revenue Bond Coverage -Water /Sewer .............................................. 154 Demographic Statistics ..................................................................................... 155 New Construction, Bank Deposits and Property Value ................................ 156 11 reporting in this style, there will be limited discussion concerning changes. The CAFR is presented in three sections: introduction, financial, and statistical. 1. Introductory Section -This section introduces the reader to the report, and includes the transmittal letter, the City Organization Chart and a list of City officials. 2. Financial Section -This section includes the Management Discussion and Analysis, Government-wide Financial Statements, Fund Financial Statements, Notes to the Financial Statements and Other Required Supplemental Information. 3. Statistical Section -This section presents some non-accounting data, with comparisons covering more than two fiscal years, and is designed to reflect social and economic data, financial trends and fiscal capacity of the City. Although this section contains substantial financial information, these tables may differ from the financial statements. This report includes all funds and agencies that are controlled by, or dependent on, the city's administrative and legislative authority. THE REPORTING ENTITY AND ITS SERVICES The City of Pasco is located in south central Washington (Franklin County) in the Mid-Columbia region of the Pacific Northwest. The City encompasses approximately 30 square miles. Pasco serves as the Franklin County seat and is the largest city in the County. Pasco and the neighboring cities of Richland and Kennewick, which are located in Benton County, make up the Tri-Cities Metropolitan Area, the fourth largest urban area in Washington State. The 2000 census population of Pasco was 32,066, while the Tri-Cities Metropolitan Area population was approximately 186,600. Pasco's 2003 estimated population is 37,580. This represents a 17% growth rate in population since the 2000 census. 2 particularly in the manufacturing sector; the large downward adjustments in the stock market especially in the high-tech stock sector; corporate bankruptcies, layoffs and relocations; the War on Terrorism; and soaring energy prices. For many years the Northwest has enjoyed relatively cheap electricity as compared to the rest of the nation due to the proximity of the Bonneville Power Administration (BPA). However in 2001, the era of cheap electricity in the Northwest came to an end due to one of the worst droughts in the past 50 years. Energy demands outstripped supply and federal regulators required the BPA revise its rate structure. Locally, this meant a 40% increase in electricity costs to residents in Franklin and Benton Counties which started in the fall of 2001. While on a national level the country has been experiencing a recession with massive layoffs, bankruptcies, and decreased consumer spending, the Tri-Cities area has managed to continue its upward growth trend. Bechtel National, Inc. and CH2M Hill Hanford Group, Inc. are in charge of designing and building two plants to start vitrifying Hanford's radioactive tank wastes into glass logs. The first glass logs are scheduled to be produced in 2007. Bechtel's contract with the Department of Energy (DOE) calls for the plants' shakedown phase to be completed and operating at full capacity by 2011. Ten percent of this highly radioactive waste is targeted to be glassified by 2018. The Hanford Glassification Contract with Bechtel is a long term DOE Project that is anticipated to bring in up to 4,000 construction jobs between 2002 and 2006. An additional 2,000 white-collar employees were expected to be hired during the design phase starting in 2002. This should be reduced to approx. 1,100 by 2005. The number of white-collar jobs should remain steady until 2009 when it is expected to shrink to the number of engineers and operators needed to run the plants on a regular basis. The arrival of these new workers and others has created a strong real estate market in the Tri-Cities. It is estimated that more than 2000 apartments and 2000 homes will be needed for newcomers. 6 disturbance calls (one of the most dangerous for police officers) were handled last year alone, representing an average of four every day of the year (and nearly one -third of those calls resulted in arrests). The City will define an action plan to markedly reduce the rate of domestic violence in Pasco. • After several years of concerted effort with our neighbors, the City was rewarded with a grant of additional water rights from the State of Washington, which is expected to accommodate the community's growth for decades to come. With the permit, however, comes the obligation to be good stewards of that precious resource; consequently, the City will develop and implement a comprehensive plan to manage its water resources. • The ability to offer municipal services electronically continues to mature, as the internet increasingly becomes part of our daily lives . To take advantage of the opportunity to both save dollars and increase convenience to our citizens, the City will establish interactive electronic (internet-based) service capability (such as licenses, registrations, document retrieval, etc.). • The three swimming pools owned and operated by the City are in need of complete renovation or replacement, either of which is expensive. There is an on-going regional effort to determine the feasibility of a regional indoor aquatic facility. Within the next two years the City intends to adopt an aquatic recreation action plan which will define what to do with the existing pools and what Pasco's role should be (if any) in a regional aquatic center. • After years of negotiation with the US Army Corps of Engineers, the City is prepared to lease the levee between the Blue and Cable Bridges. Within the next two years, the City will lower that levee by six feet (to coincide with the levee immediately west of the Blue Bridge), extend the 8 • The downtown business district continues to struggle in its revitalization effort. The City will continue to work collaboratively with downtown business interests to generate the necessary consensus and support for continued (and enhanced) downtown revitalization. • The Lewis Street underpass (now nearly 70 years old) continues to age and a replacement overpass structure has been planned to compliment downtown revitalization. The price tag of this project, however, is such that it will require both state and federal assistance; yet, it is a "local" street, which does not qualify for existing grant programs. It is the intent of the City to define an appropriate funding strategy to finance construction of the new overpass. • The Franklin County Irrigation District (FCID) irrigation canal, which extends from Road 36 westerly to about Road 108 is expected to be enclosed in pipe over the next several years. Once the canal is enclosed, the FCID canal right-of-way (nearly five miles long) represents a unique opportunity for the community to develop and enjoy a linear park and trail; it is the intent of the City to investigate the feasibility of such a project. RISK MANAGEMENT The City has an active Risk Management Program that utilizes a combination of in-house staff and third party administrators to manage the City's Risk Programs. The City utilizes self-insurance in several areas. The Medical-Dental Fund receives revenues from other funds based on the medical/ dental premiums contributed by the City for each full time employee. Medical and dental claims are paid from this fund along with administrative costs to Northstar Administrators (a subsidiary of Blue Cross of Washington & Alaska), a third party administrator. The City also reimburses the State of Washington Department of Employment Security for unemployment claims paid. 10 DIRECTORY OF CITY OFFICIALS ELECTED OFFICIALS MAYOR Michael Garrison COUNCILMEMBERS As of December ·31, 2003 LENGTH OF TERM SERVICE 16 Eileen Crawford 3 Rebecca M. Francik, Mayor Pro Tern 7 Joe Jackson 14 Charles D. Kilbury 13 Tom Larsen 3 Carl R. Strode 11 ADMINISTRATIVE OFFICIALS CITY MANAGER Gary D. Crutchfield PUBLIC WORKS DIRECTOR Robert J. Alberts ADMISTRATIVE & COMMUNITY SERVICES DIRECTOR Stanley R. Strebel COMMUNITY DEVELOPMENT DIRECTOR Richard J. Smith FIRE CHIEF Gregory L. Garcia POLICE CHIEF Denis W. Austin MUNICIPAL COURT JUDGE Mary B. Ramirez 12 EXPIRES 12/31/05 12/31/05 12/31/03 12/31/03 12/31/03 12/31/05 12/31/03 LENGTH IN POSITION 19 9 5 9 9 8 17 YEARS OF SERVICE 25 9 5 9 9 8 17 ,-, ,-. -, MANAGEMENT TEAM As of December 31, 2003 City Manager Gary Crutchfield, City Manager Lynne Jackson, Personnel Manager Administrative and Community Services Stanley R. Strebel, Director James W. Chase, Financial Services Manager Webster Jackson, Administrative Services Manager Sarita Cooper, Customer Service/Utility Billing Superv,iSQJ Marjorie J. Worden, Information Services Manager Paul Whitemarsh, Recreation Services Manager Robert Brawley, Facilities Manager Community Development Richard J. Smith, Director Fire Michel Nickolds, Inspection Services Manager Gregory L. Garcia, Fire Chief John Fifer, Assistant Fire Chief Municipal Court Police Mary B. Ramirez, Judge Dorothy R. French, Court Administrator Denis W. Austin, Chief Douglas Chambers, Investigative Services Captain Michael D. Aldridge, Field Operations Captain James Raymond, Patrol Captain Public Works Robert J. Alberts, Director Doyle Heath, City Engineer Reuel Klempel, Plant Division Manager Jesse U. Greenough, Field Division Manager Guy Sundvik, Assistant Field Division Manager 13