Title
Budget - Departmental Presentations
Issue:
Should revenue enhancements be used to balance the 2013 budget?
Committee Recommendation:
The Finance Committee was briefed on May 8, 2012 on revenue options available which might be used to balance the 2013 budget. The Committee recommended that those options be forwarded to the Council for discussion on May 15, 2012.
City Manager's Recommendation:
This briefing is for information purposes only.
Staff Contact:
Steve Hall, City Manager, 360.753.8447
Jane Kirkemo, Administrative Services director, 360.753.8499
Presenter(s):
Steve Hall
Department Directors
Background and Analysis:
Based on existing revenue sources and maintaining current levels of service for the 2013 budget, approximately $2.4 million is needed to balance the budget. The budget could be balanced through revenue options, additional cuts, or a combination of revenue and cuts. If the Council chooses a revenue option that requires voter approval, the deadline for notification to the County is 5:00 pm August 7.
Options:
1. Provide guidance to the City Manager regarding revenue options which may be considered for budget balancing.
2. Provide guidance to the City Manager regarding elimination of programs or reduced level of service you will consider for budget balancing
Financial Impact:
See attachments