Public Meeting October 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

YEARBenefit Charge Amount % of Operational Budget 20021,648, % 20032,114, % 20041,955, % 20052,254, % 20062,585, % 20072,379, % 20082,630, % 20091,234,764*24.6% 8 year average41.6%

estimates All sources (less Benefit Charge) 4,034,2043,964,133

 Operational Budget  Service contract with City of Renton  Fire District expenses  Reserve Funding (equipment replacement; LEOFF 1 liabilities, general reserves)  Bond Payments

estimates Operational Budget$ 5,020,443$ 4,663,850 Reserve Funding$ 0 Bond Payments$ 948,525$ 979,000 Total Expenses$ 5,968,968$ 5,642,850

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 $ 700,0000 Remaining Revenue Requirements Funded by Benefit Charge $ 1,234,764$ 1,678,717 Benefit Charge % of Operating Budget 25%36%

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 $ for the year.

 Overhead costs  Includes vehicle and facility maintenance  Support Services  Clerical  Inspection  Community Communications