Financial Update Nov 2015

7/24/2019 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%


133,"06 3."2#O%

'34"54Foca! $mprovement %istrictenhancements F$% area propertho!der secured indebtedness

180,842 2.29#O%


980,869 4.65#O%


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>

Documents

Financial Update Nov 2015