Title
Approval of the 2025 Finance Committee Work Plan
Recommended Action
Committee Recommendation:
The Finance Committee met on Monday, January 27 and unanimously approved the 2025 Work Plan and directed staff to forward it to the full Council for approval.
City Manager Recommendation:
Move to approve the 2025 Finance Committee work plan.
Report
Issue:
Whether to approve the 2025 Finance Committee work plan.
Staff Contact:
Joan Lutz, Budget & Finance Manager, 360.753.8760
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
The Finance Committee discussed their 2025 Work Plan on January 27th based on the priorities identified at the Council retreat held on January 25.
Highlights of the 2025 work plan includes reviewing the findings on research related to Olympia's economy, revenue, and City expenditures. The Committee will also focus on strategies to address the 2026 operating budget, including guiding the work of staff to develop a Priority Based Budget.
The 2025 work plan allows time throughout the year to respond to emerging issues. Meetings are scheduled for the third Monday of every month starting at 4:00 pm.
Climate Analysis:
The Climate Analysis framework will be completed for the individual work plan items being presented to the Finance Committee throughout the year.
Equity Analysis:
The Equity Analysis framework will be completed for the individual work plan items being presented to the Finance Committee throughout the year.
Neighborhood/Community Interests (if known):
Items on the Finance Committee work plan will be of interest to the community and Council-appointed advisory committees, commissions and boards.
Financial Impact:
Financial impacts will be discussed when the individual work plan items are presented to the Committee
Options:
1. Move to approve the 2025 Finance Committee Work Plan.
2. Move to approve the 2025 Finance Committee Work Plan based on feedback from City Council.
3. Do not approve the 2025 Wor...
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