Title
Approval of an Ordinance Adopting the 2021 Operating, Special Funds and Capital Budgets, and the Capital Facilities Plan; 2021-2026 Financial Plan; Setting Forth the Estimated Revenues and Appropriations
Recommended Action
Committee Recommendation:
The Finance Committee considered public testimony received at Public Hearings held on October 13, November 10, and November 17 as well as the Council Budget balancing discussion on December 1.
City Manager Recommendation:
Move to approve the ordinance adopting the 2021 Operating, Special Funds and Capital Budgets, and the Capital Facilities Plan; 2021-2026 Financial Plan on second reading.
Report
Issue:
Whether to approve the ordinance adopting the 2021 Operating, Special Funds and Capital Budgets, and the Capital Facilities Plan; 2021-2026 Financial Plan on first reading and forward to second reading.
Staff Contact:
Nanci Lien, Finance Director, 360.753.8465
Presenter(s):
None - Consent Calendar item
Background and Analysis:
Background and analysis has not changed from first to second reading.
State law requires the City Manager to present a balanced Preliminary Operating Budget and Capital Budget to Council each year. By State law the budget must be adopted no later than December 31. The City Council's Finance Committee met throughout the year to review, discuss, and provide direction to the City Manager on the 2021 Preliminary Operating Budget, Capital Budget, and the Capital Facilities Plan (CFP) and 2021-2026 Financial Plan.
The 2021 Preliminary Operating, Special Funds, and Capital Budgets include resources to provide services such as police and fire protection; developing and maintaining parks, open space and recreational centers; and building and maintaining City streets and utility infrastructure.
Operating Budget
The Operating Budget was presented to Council on October 20. A Public Hearing on Ad Valorem was held on November 10, and another Public Hearing on the Operating Budget on Novemb...
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