Financial Update Nov 2015
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Transcript of Financial Update Nov 2015
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November, 2015
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Total Permit Activity up 2% (vs. 4% last month 13,991 permits were issued through October 2014 compared to 14,308 that have been
issued through October 26, 2015. ermit vo!ume is up "# over 2013.
$nc!udes a!! bui!ding permits processed through the %eve!opment &ervices 'enter.
i.e. ( !umbing, )echanica!, *!ectrica!, +ui!ding, ences, etc.
Ne! "in#le $amily esi&ences up 5'% (vs. % lastmonth -here were 18" & permits issued through October 2014 / 294 permits have been
issued so ar in 2015. 286 permits were issued through October 2013.
)onstruction *aluation &o!n 4% (vs. '% last month -he va!uation o permits issued through October 2014 was 284), the va!uation or permits
issued so ar in 2015 is 2"3).
a!uations are down 31# rom 2013. -he permit or the 'onvention 'enter ote! 134) wasissued in October 2013.
!ease note7 ermit data or October 2015 is incomp!ete. %ata on! inc!udes permits through
October 26, 2015.
)ity o+ "poane Permit Activity
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2000200120022003200420052006200720082009201020112012201320142015$0
$100
$200
$300
$400
$500
$600
$183$197
$260
$211
$290
$408
$474
$315$311
$243$252$233
$350
$538
$312
$273
Yearly Construction Valuations
Residential Projects Commercial Projects TOTA!"
In Millions
(YTD)
15ear average : 305m
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1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20150
10
20
30
40
50
60
70
#ontl% A&era'e o( )e* !in'le +amil% Residence Permits
29.4
26 ear average7 30
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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20150
100
200
300
400
500
600
700
),m-er o( )e* #,lti.+amil% /nits Permitted Ann,all%
417
)u!tiami! units inc!ude %up!e;es,ear
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-" /ealth )linic 524 * &po?ane a!!s +!vd. / @ew A&= ea!th '!inic
bui!ding with two Boors / appro;imate! 42,000 s. niversity Apartments/ 940 @. ub / )u!tistor, 61unit student housing
bui!ding with !ower !eve! par?ing and appro;imate! 81 tota! par?ing sta!!s.
n&ian Trail Apartments 4915 A. +arnes / @ew
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Palouse Trail Apartments/ 5000 &. a!ouse ighwa /@ew 114 unit mu!tiami! in Cve bui!dings with acommunit bui!ding as we!! as site deve!opment.
7arry /. iller Toyota 3uil&in# / 1125 A. 2nd/@ewautomotive sa!es and service aci!it or Farr )i!!er
-oota lm "treet )on&os/ 1903 A. &ummit ar?wa / @ew 24
unit, 3stor residentia! bui!ding with a basement par?inggarage.
Ne!tech "ills )enter 4141 @. ega! / emode! an
e;isting c!assroom and !ab.
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A "poane "tora#e Pro8ect / 2301 *. -rent /
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Propose& Pro8ect:2020 -. 'thi;e&
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2020 -. 'thi;e&
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Sales Tax: 12-
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Sales Tax:%ear.o&er.%ear
12-
Months Aug July June May Apr Mar Feb Jan Dec Nov ct
!ing County 8.4% "#$% &'#"% &(#&% (#'% (#"% &$#)% *#+% )#,% &$#&% )#(% *#*%
-ellevue 10.0% ."#+% ++#*% &,#*% /#/% )#*% &/#'% &(#(% ,#/% (#(% &$#/% &)#(%
Seattle 12.7% &+#/% &+#/% &"#/% &$#& ,#*% &'#'% &(#,% &(#&% &)#&% *#(% ,#/%
0ierce 4.7% /#*% "#&% &'% +#*% )#(% '#&% +#)% +#/% +#"% #*% /#*%
Taco1a 4.2% )#"% &&% &*% (#/% '#'% +#/% "% (#*% )#(% ./% .#"%
Sno2o1is2 4.3% *% )#"% &$#+% '#(% (#"% *#(% (#&% .#"% )% .'#$% "#$%
3verett 8.4% &$#,% '#/% &'#"% '#/% &+#+% *#/% $#+% &(#*% ,#&% (#&% &/#*%
Clar4 County 12.0% &$#*% &/#*% &"#+% &'#(% &$#/% &/#,% &/#$% '#(% &&% $#+% &'#+%
Vancouver 15.2% &*#"% +(#/% +(#"% &+#&% &$% &$#&% +,#/% &+#*% &+#)% (#'% &$#,%
Spo4ane County 6.6% +#,% &$#$% *#,% '#)% *#"% '#*% &$#(% (#(% )#,% (#,% (#$%
Spo4ane City 5.1% +% /#&% *#(% ./#)% +#*% '#,% "#*% /#(% &*% /#*% "#*%
Spo4ane Valley 4.8% #"% "#$% &+% &)#*% .,% #,% +#*% +#'% '#+% ."% (#"%
-enton County 24.5% .&+#/% &/% &+)% ''#(% &'#"% &,#"% +$#/% &$#"% '(#$% &$% &)%
!enne5ic4 6.8% )#/% +,#+% &$#)% )#)% "#"% )#*% ,#$% &$#/% "% /#"% /#,%
6enatc2ee 9.4% &)#+% &)#&% &'#"% +#$% '#&% &(#+% ,#&% .(% &'#+% +#+% ,#&%
6alla 6alla 8.5% ++#"% ,#&% &"% "#*% '#*% &(#*% /#$% )#+% *#&% *#/% .#/%
Ya4i1a 5.7% )#)% '#)% ,#"% #(% .#"% )#&% +% "#(% "#&% '#/% "#+%
State5i7e 8.3% (#"% &$#(% &(#&% )#(% /#&% *#'% "#"% /#/% *#,% (#"% "#&%
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A24,000,000
A2(,000,000
A2=,000,000
A60,000,000
A62,000,000
A64,000,000
A6(,000,000
A6=,000,000
A40,000,000
A42,000,000
"ales Ta; /istory: Bear
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)omparison: Total Ta;able "ales(millions
uris&iction:Accom.D $oo& All Cther
)onstruction
etail Autos >Parts
etail ("hort+all B.T.. B&,*)+(+
A7ust1ents to Year.3n7 +$&):
Contra Account
YTD Vacancy Savings &,$$")*
3st# Vacancy Savings to Year.en7 +&///"
eneral Fun7 ;ni=or1 T proecte7 variance
Interest inco1e a77itional proecte7variance +$$$$$
Pro8ecte& Bear
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%escriptionOrigination
%ateOrigina!+a!ance
Origina!)aturit
Nardner 12H2H20131,544,39" 12H31H16
ropert *videnceH
Aest !ains ire &tation 10H24H20111,001,546 06H30H13
Aest !ains ire &tation 12H2H2013
825,5"5 12H31H16
ub!ic &aet *Juipment2014 "H14H2014
5,694,196 0"H14H19
Fibrar $% 1H16H2015
500,000 12H31H19
%ivision &treet Natewa 12H15H2014
ending
'F$% 21" 9H8H2008
989,088 09H15H20
'F$% 218 9H28H2009
304,50" 10H1H2021
'F$% 219 9H13H2010
441,586 9H15H2022
'F$% 220 "H18H2011
392,851 08H01H23
'F$% 221 8H20H2012
252,930 08H15H24
'F$% 222 10H14H20131,353,218 10H15H25
'F$% 223 10H20H2014
600,142 11H01H26
'F$% 224 ending 2015
110,000 ending
*ast )ission -rai! ending1,000,000 9H1H2020
ub!ic &aet +onds =nissued 2015 ending
10,152,902 ending
ub!ic &aet +onds =nissued 2016 ending
10,152,902 ending
'entra! &ervice 'enter$mprovements 15 ending
5,000,000 ending
ar?sHN 2005< +onds
eCnance ending
5,"20,000 ending
-ota!s
32,930,131
Foca! $mprovement %istrictenhancements F$% area propertho!der secured indebtedness
"9,394 4.50#O%
'34481Foca! $mprovement %istrictenhancements F$% area propertho!der secured indebtedness
23",832 3."4#O%
'34642Foca! $mprovement %istrictenhancements F$% area propertho!der secured indebtedness
133,"06 3."2#O%
'34"54Foca! $mprovement %istrictenhancements F$% area propertho!der secured indebtedness
180,842 2.29#O%
'34899Foca! $mprovement %istrictenhancements F$% area propertho!der secured indebtedness
980,869 4.65#O%
'35044Foca! $mprovement %istrictenhancements F$% area propertho!der secured indebtedness
558,213 3.15#
O%
'35166
Foca! $mprovement %istrict
enhancements F$% area propertho!der secured indebtedness
110,000 ending
1,000,000 2.23# ending
*ast )ission &t 'entennia!-rai! +ridge ending grants H hoto ed revenues
10,152,902 ending ending ub!ic &aet capita! unding
ending ending ending ub!ic &aet capita! unding
5,000,000 ending ending
'entra! &ervice @e!sonbui!dout or !eet
Operationa! savings resu!ting rom neweEciencies or !eet operations
5,"20,000 ending ending
eCnance 2030 maturit 5#
bonds
5# to appro; 2.4# : tota! paments much
!ower than current
39,54",615
&$7 &chedu!e o $nterna! Fending
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20,000,000
25,000,000
60,000,000
65,000,000
40,000,000
45,000,000
200,000,000
250,000,000
600,000,000
650,000,000
400,000,000
450,000,000
500,000,000
550,000,000
00,000,000
"poane nternal 7en&in# Pro#ram ("7P10
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+usiness
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t t ) itt
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nvestment )ommitteeeetin#
Nov. 2, 2015
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"poane nvestment Pool ("PPort+olio )omposition
'ash
928418942".0#
1"#
7s > )7s2'6F'FF5.0%
1%
)ity ssue& 3on&s15F2F'6225.0%6%$e&eral A#encies
46'F'=104F2.0%=0%
)ash 7s > )7s
)ity ssue& 3on&s $e&eral A#encies
Total 0ort=olio B)(,#)1
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"P Port+olio "tatistics
)ash7s >)7s
)ityssue&3on&s
$e&eralA#encies
A##re#ate
Port+olio
Amount
F2.=m 2.=m 15.Fm 46=.0m 54F.5m
% o+ Port+olio 1.F% .5% 2.F% 'F.'% 100.0
Avera#e aturity(years 0.0 6.= 4.2 4.6 6.
Biel&Excludes Gains/ (Losses)
0.55% 6.52% 2.62% 1.% 1.51
aret Cver>(n&er3.*.Unrealized Gain/(Loss)
N>A N>A N>A H .'4m H.'4
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"P 3enchmars up&atenee&e&
3enchmar
)urrentPort+olio
Biel&
Avera#eaturity(Bears
Biel& H>