2015 Transporation Benefit District (TBD) Semi-Annual ReportEdmonds Transportation
Benefit District
2015 Semi -Annual Update
8/18/2015
2015 Year -to -Date Review
■ Edmonds City Council forms TBD on November 18,
2008.
■ TBD Board enacts $20/year fee with Ordinance No. 1
on February 17, 2009.
■ 2014 Audited Results $623,111 revenue, $595,176
expenses
$27,935 transferred to Fund 111 — Street Fund
■ January to June 2015 TBD expenditures equal
$3671211.
■ A total of $339,276 in vehicle fees was collected from
Edmonds residents during the January 1, 2015, to
June 30, 2015, period.
2015 Year -to -Date Review (cont.)
■ TBD revenues currently at 52.2% of annual budget
expectations. First half vehicle fee receipts typically
trend slightly higher than second half receipts.
■ An excess of $110,795 was transferred to Street Fund
111 for expenditure in the second half of 2014. TBD
eligible activities are generally expended more heavily
during summer season.
■ TBD successfully completed WSAO accountability
audit in June for the fiscal period between January
2012 and December 2014.
2015 Paving Program
i Total Funds - $177047000
— 2015 New appropriation - $1.25MM (DP33)
, $550,000 General Fund
$7007000 REET 2
— 2014 Pavement project Carry-over - $194,000 (approved
2/17/15)
{ $120,000 General Fund
$62,000 REET 2
$12,000 REET 1
— 220th Street local match for Federal grant - $260,000
i Approved by Council 5/5/2015
2015 Projects
76t" Ave W (173rd —Haines Wharf)
i 76t" Ave W (Haines Wharf —County Park)
i 96t" Ave W (220th— Walnut)
a 220t" St. SW (76th —Mountlake Terrace Line)
i 106t" Ave W (229th— Robin Hood Drive )
i Robin Hood Drive (106th — 104tn)
i 104t" (Hickman Park to Robin Hood)
i Driftwood (Spot Repair)
i Meadowdale Beach (76th— 7035 Meadowdale Beach)
i N. Meadowdale Rd. (76th — 16217 N. Meadowdale)
Other TBD Issues
� The 2015 Legislature passed two bills relating to
TBDs
— Added an additional $20 to the authorized local
license fee option
— Created the opportunity to fold the operation and
governance of the TBD into the existing City
government system
� Discussion of these items will be scheduled at a
later date after additional research and planning
can be completed
Asphalt Repair
& Paving
* Currently not eligible for
reimbursement from TBD Revenues
Signal Maintenance &
Programming
-�� •rr__ _ail. f. .]
-z j
Graffiti Removal
Questions?