The URL can be used to link to this page

Home My WebLink About006 RESOLUTION NO. d O (0 A RESOLUTION of the Board of the Bremerton Transportation Benefit District, approving and adopting the budget for the Bremerton Transportation Benefit District for the fiscal year 2012 WHEREAS, in order to perform the duties and functions of the Bremerton Transportation Benefit District pursuant to Chapter 36 73 RCW and 1125 BMC, the Bremerton Transportation Benefit District is required to adopt an annual budget, and WHEREAS, Chapter 35 33 RCW provides procedures for the filing of estimates, a preliminary budget, deliberations, public hearings, and final fixing of the budget, and WHEREAS, a preliminary budget for the fiscal year 2012 has been prepared and filed in the Office of the City Clerk for the Bremerton Transportation District, a public hearing has been held for the purposes of fixing the final District Budget, and the District Board has deliberated and has made adjustments and changes deemed necessary and proper, NOW THEREFORE, THE BOARD OF THE BREMERTON TRANSPORTATION BENEFIT DISTRICT DOES HEREBY RESOLVE AS FOLLOWS SECTION 1. That the 2012 Annual Budget for the Bremerton Transportation District, on file in the office of the City Clerk, covering the period from January 1, 2012 through December 31, 2012, with regular revenues and unencumbered fund balances of $150,093 and expenditures and ending fund balances of $150,093 is hereby approved and adopted SECTION 2. Severabd q If anyone or more sections, subsections, or sentences of tins Resolution are held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this Resolution and the same shall remain in full force and effect SECTION 3. Effective Date This Resolution shall take effect and be in force immediately upon its passage PASS D by the Board of the Bremerton Transportation Benefit District this /- of 2012 C _ -- - By drirn 8erw*i Its President Q r x Ic s AT T Becky HasA Treas er/Board Clerk R \Legal \Legal\Fdes \Current Active Files\Transportation Benefit Distnct\2012 TBD Budget Resolution doc 1 TBD - 2012 Budget Resolution Transportation Benefit District ' S3 I aofln o4 2012 Proposed Budget 2012 Proposed Budget Bremerton Transportation Benefit District 2012 Budget For the year beginning January 1, 2012 and ending December 31, 2012 District President Nick Wofford District Board Members Jim McDonald Cecil McConnell (term ended 12/31/11) Adam Brockus Roy Runyon Greg Wheeler Dianne Robinson (term ended 12/31/11) Carol Arends Will Maupin (term ended 12/31/11) Leslie Daugs (term began 01/01/12) Faye Flemister (term began 01/01/12) Enc Younger (term began 01/01/12) Table of Contents Overview.................................. ............................... 1 Frequently Asked Questions ......... ............................... 2 BudgetNumbers ......................... ............................... 3 Overview In 1987, the state legislature created TBDs Bremerton's TBD board voted to approve a (transportation benefit districts) as an option $20 vehicle tab fee on December 7, 2011 for local governments to fund transportation Based on the processes involved with the improvements During the ensuing years, the initial set up for assessing this fee, the fee legislature has adopted various updates to this does not go into effect for sic months after statute to help clarify the role of a TBD and to adoption The $20 fee is assessed when a clarify the allowable uses of any revenues citizen that [was within the district renews his assessed by the TBD or her car tabs Therefore, the fees will begin to be assessed with July 2012 renewals A TBD is a quasi - municipal corporation and Also, because the state's Department of independent taxing district created for the sole Licensing collects the fee for the TBD at time purpose of acquiring, constructing, improving, of renewal, there is an additional lag of two providing, and funding transportation improve- months between when the fee is paid and ments within the district. Bremerton's City when the fee is remitted to the transportation Council created our TBD by ordinance number district. Thus, Bremerton's TBD will not see 5076 on February 9, 2009 This ordinance its first receipts until September 2012 created a charter for the TBD and defined the boundaries of the TBD to coincide with the Based on the six month waiting period for the City's boundaries fee to become effective and the additional two month lag before the district receives the The current members of our City Council are revenue, the 2012 budget anticipates receipts the governing body of the TBD. Although the of $150,093 from September through makeup of the TBD board and City Council December Total annual receipts in sub - are the same, the TBD and its board are sequent budget years is expected to be independent of the City As such, the TBD approximately $460,000 Of course, this must adopt a budget that is also independent amount may change based on vehicle counts of the City's budget and population movement. Because first year receipts are less due to start up time lags, A TBD can impose various types of taxes and there is no anticipated expenditures for 2012 fees in order to receive revenues to fund the The district will continue to collect these identified projects to be performed by the TBD revenues until they are at a sufficient level to These fees may include a voter approved fund transportation improvements, which are excess property tax, a voter approved sales scheduled to begin in 2013. While the district tax increase of up to 0 2 %, a voter approved Hnll not be spending any money during 2012, car tab fee of up to $100, and/or vehicle tolls it will not be idle The district will be working Additional options for revenue include a with City staff to develop a transportation count ilmatic vehicle tab fee of up to $20 (no improvement plan to identify those projects vote required) and/or a transportation impact eligible for funding from this source This plan fee on commercial and industrial buildings (no should be adopted during 2012 for vote required) implementation in 2013 Porbm of are abm mf=vban was obtained mom are Association or wastmpton Cass. 1 Frequently Asked Questions I have a Bremerton address but I don't Can the City of Bremerton use this money live within Bremerton City limits. Am I to help with revenue shortfalls in its subject to this fee? General Fund or other funds? And how can I be sure this won't happen? No The fee only applies to those residents who live within City limits No State statute limits how this money may be used The money collected from this fee may only be used for acquiring, constructing, Can I pay my fee at City Hall? improving, providing, and funding transportation improvements within the District This No The fee is assessed when you renew includes preservation and maintenance of our your car tabs/registration with the Dept of transportation system Also, state statute Licensing. The DOL will collect the fee and requires that the district specifically report distribute it to the transportation district for how the money is spent each year to insure you that this money is not used for purposes other than transportation The District has enacted $20 now. But can they raise this fee in future years? Are TBD revenues required to be spent as they are collected? No According to state statutes, once the fee is adopted, it cannot be increased during No The board that creates a TBD must the life of the transportation benefit district develop a plan that specifies the transportation without a vote of the people improvements to be provided or funded by the TBD The board can indicate if the funds will be used immediately or collected for a If in the future the county adopts a specific period prior to spending the similar fee, will I have to pay both? accumulated funds No. Although the county also has the authority to create a TBD and enact up to a Can TBD money be used for bond $20 car tab fee without a vote of the people, payments and/or grant matches? they would have to give you credit for any other TBD you are already paying Yes, but only if the bond proceeds and/or However, if the county, through a vote, enacts grant is for an eligible transportation a fee greater than $20, you may be subject improvement to the incremental difference Poems of are ebme kdbffrmdm was obtakW rrom me nssodeow of Wasl*Vm ones. 2 Bremerton Transportation Benefit District Special Revenue Fund Summary The 2012 Budget represents the acknowledgement of the first year's (partial) collection of the $20 car tab fee as adopted by the transportation board in December 2011 Actual receipts will not begin until September 2012 Because the first year of collections represents only a parbal year, expenditures for this special revenue fund will not begin until 2013 Bremerton Transportation Benefit District Budget Proposed 2011 2012 Revenues Fees $0 $150,093 Transfer In 0 0 Debt Proceeds 0 0 Total Revenue 0 150,093 Expenditures Supplies and Services 0 0 Debt Service 0 0 Transfers 0 0 Total Expenditures 0 0 Revenue over(under) expenditures 0 150,093 Beginning Fund Balance 0 0 Ending Fund Balance $0 $150,093 3