Title
2025 Budget Update
Recommended Action
Committee Recommendation:
The Finance Committee recommends receiving an update and provide guidance on the 2025 Budget process.
City Manager Recommendation:
Receive an update and provide guidance on the 2025 Budget process.
Report
Issue:
Whether to receive an update and provide guidance on the 2025 Budget process.
Staff Contact:
Jay Burney, City Manager, 360.753.8740
Presenter(s):
Jay Burney, City Manager
Background and Analysis:
The 2025 preliminary budget process is underway, and this agenda item serves as an update on the process and an opportunity for the City Council to discuss the status and provide guidance.
City Manager Burney will provide a summary of enhancements outside the general fund for Public Works, Fire Department and Strategic Communications and an overview of the tiers and decision-making criteria for reducing expenditures to the General Fund. Also discussed will be October 22 Study Session agenda and an overview of the budget calendar though the rest of the year.
Climate Analysis:
This agenda item is expected to result in no impact to greenhouse gas emissions.
Equity Analysis:
One of the goals of the City’s budget process is to ensure that city services are provided equitably to our residents and business communities, as well as the greater Olympia community. This agenda item is not expected to further impact known disparities in our community.
Neighborhood/Community Interests (if known):
Members of the community may have an interest in this agenda item as it deals with City finances and fiscal governance.
Financial Impact:
This item is for discussion only and has no financial impact at this time, however direction from the City Council could inform future budget impacts.
Options:
1. Receive an update and provide guidance on the 2025 Budget process.
2. Do not receive an update and provide guidance on the 2025 Budget process.
3. Receive an update and provide guidance on the 2025 Budget process at another time.
Attachments:
None