2013 Annual Budget - City of Bremerton

tially over 2010. It is important to not deplete
reserve levels in this fund so that award obligations
will not be impacted by cyclical cash flow
levels.
Parking System Fund
The City’s downtown and residential parking
enforcement program revenue has remained relatively
flat over the past several years due to the
addition of PSNS parking facilities, increased
utilization of worker buses by PSNS, reduced
ferry traffic and reduced fine revenue.
Budgeted revenue for 2013 is $1.14 million, an
increase of approximately $117k over 2012 projected
revenue. The additional revenue will be
realized in part by the new Park Ave Plaza garage
which provides an additional 261 parking
spaces.
The 2013 expenditure budget includes operations
and maintenance expenditures of $655k, debt
service payments of $510k and a transfer-out of
$80k to the 2010 UTGO/LTGO (B) debt service
fund.
Community Development Block Grant Fund
The Community Development Block Grant Fund
adopted budget reflects funding almost exclusively
with federal grants. The CDBG Fund anticipates
a beginning fund balance of approximately
$1.44 million, $2.23 million in federal
funding, $88k in other revenue and $30k from
Charges for Services. Program funding is budgeted
consistent with CDBG Committee recommendations.
Staffing for one position is budgeted,
a reduction of one FTE compared to 2012.
The ending fund balance is projected at $1.44
million.
Public Access Television Fund
The Bremerton Kitsap Access Television
(BKAT) operation is accounted for in this fund.
The estimated beginning fund balance has increased
$20k over 2012 to $141k in 2013. The
operation is consistent with prior years with the
majority of funding being provided by a portion
of the City’s cable TV franchises ($240k, 64%).
Other revenue includes intergovernmental,
charges for services to other agencies and citizens
and miscellaneous ($135k).
The budget includes maintenance of existing service
levels with two FTE’s ($239k), supplies and
services ($58k), capital outlay (38k) and the continuation
of a transfer to the General Fund
($25k). An ending fund balance of $156k is forecast.
As noted above, BKAT receives 64% percent
of its funding from City cable franchise
fees. During 2013 staff will continue to work
with other agencies utilizing BKAT to secure
more equitable funding.
Conference Center Operations Fund
The overall budget for the Conference Center is
$1.56 million, essentially unchanged from 2012.
Of this amount, $1.4 million is for contractual
costs with Columbia Hospitality. Projected revenues
total $1.55 million, including $1.38 million
from user fees, $155k from the Lodging Tax
Fund, and $8.5k from miscellaneous revenue
sources. Ending fund balance will represent 19%
of budgeted expenditures for 2013, a 2.7% increase.
Additionally, each year 3% of Conference
Center revenue is set aside for improvements
and replacing aging equipment.
Other Special Revenue Funds
The Abatement Revolving Fund includes $42k in
funding for neighborhood cleanup programs in
2013 with an estimated fund balance of $193k.
Budget Summary
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