King County - File #: 2011-0397

• File #: 2011-0397
• Version: 2
• Type: Motion
• Status: Passed
• File created: 10/3/2011
• In control: Budget and Fiscal Management Committee
• Final action: 11/9/2011
• Enactment #: 13595
• Title: A MOTION approving the 2012-2013 road services division financial policies and practices.
• Sponsors: Julia Patterson
• Indexes: Budget, Roads
• Staff: Resha, John

Date	Ver.	Action By	Action	Result
11/9/2011	1	Metropolitan King County Council	Passed as Amended	Pass
11/1/2011	1	Budget and Fiscal Management Committee	Deferred
10/26/2011	1	Budget and Fiscal Management Committee	Deferred
10/25/2011	1	Budget and Fiscal Management Committee	Deferred
10/3/2011	1	Metropolitan King County Council	Introduced and Referred

title
A MOTION approving the 2012-2013 road services division financial policies and practices.
body
WHEREAS, in 2010, the road services division completed a Strategic Plan for Road Services that identified several serious challenges facing the road system over the next five years, including rising costs and declining revenues, and
WHEREAS, these challenges have had a profound impact on the county’s ability to maintain its road system, and
WHEREAS, the Strategic Plan for Road Services also sets clear priorities to guide the road services division as it manages the road system into the future, and
WHEREAS, the King County council approved Motion 13393 directing the road services division to develop an implementation plan in 2011 for delivering the programs and services provided by the division within the policy framework of the Strategic Plan for Road Services and within current financial constraints, and
WHEREAS, one of the key deliverables in the implementation plan included a review of existing budgeting and financial policies and practices, and
WHEREAS, an interbranch working group was formed to carry out this review, consisting of staff from the road services division, the office of performance, strategy and budget, the department of transportation director’s office, and council staff, and
WHEREAS, this review entailed a close look at numerous financial policies and practices with the primary goal of improving responsible financial stewardship for the division, and
WHEREAS, other specific objectives of this review process included the following:
1. Ensuring sufficient resources are available to fund activities in the event of a revenue shortfall or other unexpected events such as storms;
2. Limiting debt financing to appropriate uses and ensuring the availability of cash to cover debt payments;
3. Ensuring prioritization, planning and funding of the division’s facility infrastructure needs;
4. Preventing premature reliance on property...