Title
Approval of an Ordinance Adopting the 2025 Operating, Special Funds, Capital Budget and Capital Facilities Plan: 2025-2030 Financial Plan
Recommended Action
Committee Recommendation:
The Finance Committee recommends adoption of the 2025 Operating, Special Funds, Capital Budget and Capital Facilities Plan.
City Manager Recommendation:
Move to approve on second reading, the Ordinance adopting the 2025 Operating, Special Funds, Capital budgets and the Capital Facilities Plan: 2025-2030 Financial Plan.
Report
Issue:
Whether to approve on second reading, the Ordinance adopting the 2025 Operating, Special Funds, Capital budgets and the Capital Facilities Plan: 2025-2030 Financial Plan.
Staff Contact:
Joan Lutz, Budget and Finance Manager, 360.753.8760.
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Background and analysis did not change 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 2025 Preliminary Operating Budget, Capital Budget and the Capital Facilities Plan (CFP) which includes the 2025-2030 Financial Plan.
Operating Budget
The Preliminary Operating Budget was presented to Council on October 8, 2024. A public hearing on Ad Valorem was held on November 12, 2024, amended on November 19, 2024, and a public hearing on the Operating Budget on October 29, 2024, and November 12, 2024. Finance Committee met on November 18, 2024, to prepare a final recommendation which was presented to the full Council on November 19, 2024. Since the Preliminary Operating Budget was presented adjustments in revenues and expenditures were made. Major changes to the Operating Budget were discussed with Council on November 19, 2024, and are inclu...
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