Title
2022 Preliminary Operating Budget Briefing
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Receive a briefing on the 2022 Preliminary Operating Budget presentation and begin budget discussions. Briefing only. No action requested.
Report
Issue:
Whether to receive a briefing on the Preliminary 2022 Preliminary Operating Budget.
Staff Contact:
Aaron BeMiller, Finance Director, 360.753.8465
Presenter(s):
Jay Burney, City Manager
Aaron BeMiller, Finance Director
Background and Analysis:
The City's 2022 Preliminary Operating Budget will be presented to Council. The preliminary budget maintains basic service levels and programs as well as reductions and enhancements in various areas.
The 2022 Preliminary Operating Budget recommends appropriations to fund:
1. General Fund - basic core municipal services such as Fire, Police and Parks, etc.
2. Debt Service Funds - debt service to support outstanding debt obligations.
3. Enterprise Funds - utility operational services.
4. Specials Funds - providing appropriations for lodging tax recipients and Parking Business Improvement Area.
5. Operating transfers between funds, including revenues collected through special revenue and utility funds that will be transferred to the capital budget to support projects.
Staff will present an overview of the 2022 Preliminary Operating Budget, the budget process, and revenue and expense assumptions.
The Finance Committee and City Council will continue discussing the operating budget at the following scheduled meetings:
November 3 Finance Committee Special Meeting - Budget discussion
November 9 City Council - Public Hearing on Ad Valorem Tax. Discussion on Utility Rates, General Facility Charges, Impact Fees, Lodging Tax, and PBIA
November 16 City Council - Public Hearing - 2022 Operating & Capital Budgets
November 17 Finance Committee - Unfunded Needs, End of Year Recommendations, Budget Changes
November 23 Cit...
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