Title
2024 Proposed Budget Update
Recommended Action
Committee Recommendation:
Not refereed to a Committee.
City Manager Recommendation:
Discuss the 2024 Proposed Budget.
Report
Issue:
Whether to discuss the 2024 Proposed Budget.
Staff Contact:
Aaron BeMiller, Finance Director, 360.753.8465
Presenter(s):
Jay Burney, City Manager
Background and Analysis:
The City Manager presented his Proposed 2024 Operating Budget to City Council on Tuesday September 26. The budget in general, budget assumptions, proposed rate and fee changes, and balancing options have been discussed at City Council and Finance Committee meeting(s).
The second public hearing on the budget will take place at the City Council meeting on November 14. This agenda item is a hold to discuss potential topics that arise from the public hearing or other items the Committee would like to explore in advance of final balancing at the November 21 City Council meeting.
Climate Analysis:
This agenda item is expected to result in no impact to greenhouse gas emissions.
Equity Analysis:
One of the goals of the City’s budget process is to ensure that city services are provided equitably to our residents and business communities, as well as the greater Olympia community. This agenda item is not expected to further impact known disparities in our community.
Neighborhood/Community Interests (if known):
Members of the community may have an interest in this agenda item as it deals with City finances and fiscal governance.
Financial Impact:
There is no financial impact resulting from this discussion. The current 2024 Preliminary Operating Budget appropriates a total of $223.4 million with a General Fund total of $108.2 million.
Options:
1. Discuss the 2024 proposed budget.
2. Do not discuss the 2024 proposed budget.
3. Take other action.
Attachments:
None