Title
Approval of Ordinance Adopting the 2016 Operating Budget
Recommended Action
Committee Recommendation:
Adopt the budget as amended.
City Manager Recommendation:
Move to approve on second reading the 2016 Operating Budget Ordinance.
Report
Issue:
Should the Council adopt the 2016 operating budget ordinance?
Staff Contact:
Jane Kirkemo, Administrative Services Director, 360.753.8499
Presenter(s):
None. Consent Calendar Item.
Background and Analysis:
Background and analysis have not changed from first to second reading.
State law requires the City Manager to present a balanced operating budget each year. The Council held two public hearings, plus several additional study sessions to review the budget. In addition, the Finance Committee has reviewed various aspects of the budget at each of their meetings this year. By state law the budget must be adopted no later than December 31st.
Attachment 1 outlines the significant additions to the budget along with the corresponding funding sources to the preliminary budget. Through earlier ordinances, the City created a Development Fee Fund and a Parking Fund. These become sub-funds of the General Fund and are listed on the attached ordinance.
Neighborhood/Community Interests (if known):
The Planning Commission held a public hearing on the CFP and the Parks and Recreation Commission (PRAC), as well as the Utility Advisory Committee (UAC), each met and discussed various aspects of the budget. In addition, the City Council held a public hearing inviting public input on the budget.
Options:
Option 1: Approve the Operating Budget Ordinance.
Option 2: Make additional changes to the budget and pass the operating budget.
Financial Impact:
The total expenditure budget for 2016 is $132,579,079.