Public MeetingOctober 20, 2009

Revenues

Expenses

Contract Services

Where does the money come from? Property taxes Benefit Charge Other Sources (i.e. contracts)

Maximum tax rate of $1.00 per $ 1000 in assess valuation (per RCW 52.18)

In 2009, based upon Fire District A/V, this meant $ 2,614,432 in property tax revenue

2010 preliminary estimates project tax revenues at $ 2,194,233 ($ 420,199 less than 2009)

Funding method since 1990 Only available to Fire Districts & Fire

Authorities Limits property tax rate to $ 1.00/$ 1,000 Cannot exceed 60% of operational

budget Annually set locally by Fire

Commissioners

YEAR Benefit Charge Amount

% of Operational

Budget

2002 1,648,109 41.9%

2003 2,114,393 51.8%

2004 1,955,554 43.4%

2005 2,254,105 43.8%

2006 2,585,885 46.2%

2007 2,379,618 39.5%

2008 2,630,340 41.4%

2009 1,234,764* 24.6%

8 year average 41.6%

2009 2010 estimates

All sources (less Benefit Charge)

4,034,204 3,964,133

Operational Budget Service contract with City of Renton Fire District expenses

Reserve Funding (equipment replacement; LEOFF 1 liabilities, general reserves)

Bond Payments

2009 2010 estimates

Operational Budget $ 5,020,443 $ 4,663,850

Reserve Funding $ 0 $ 0

Bond Payments $ 948,525 $ 979,000

Total Expenses $ 5,968,968 $ 5,642,850

2009 2010

Total Revenue Requirements $ 5,968,968 $ 5,642,850

Less: Revenue from Property Taxes and Misc. Sources

($ 4,034,204) ($ 3,964,133)

Remaining Revenue Requirements

$ 1,934,764 $ 1,678,717

Remaining Revenue Requirements Funded by Reserves

$ 700,000 0

Remaining Revenue Requirements Funded by Benefit Charge

$ 1,234,764 $ 1,678,717

Benefit Charge % of Operating Budget

25% 36%

2009 2010 estimates

Property Taxes $ 2,614,432 $ 2,194,233

Fire Benefit Charge $ 1,234,764 $ 1,678,717

Total funding contributed by Fire District 40 citizens $ 3,849,196 $ 3,872,950

Contract with Renton Emergency response Overhead – OT, admin, training,

maintenance….. Support services

Contract costs based upon operating one fire station with one 4-person engine company and one 2-person aid car, plus ½ cost of a BC/SO position 24 hours a day – 7 days a week – 365 days a year

Each 24 hour-a-day position (emergency response) is based upon funding for 4.3 FTE (full time employee)

6.5 positions = funding for 28 FTE

2010 estimate average cost (wage/benefit) for one Firefighter = $ 117,620

2010 estimate cost for 1 FF ‘position’ = 4.3 X $ 117,620 = $ 505,766

Based upon a 2450 square foot house and 2009 Benefit Charge apportionment, the estimated cost savings to the homeowner for a $ 505,766 reduction in the Benefit Charge (the cost of 1 firefighter position – 4.3 FTEs) would be approximately $ 64.00 for the year.

Overhead costs Includes vehicle and facility maintenance

Support Services Clerical Inspection Community Communications