Title
Oral Report - Review and Discuss 2019 Year-End General Fund Balance
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Review the preliminary 2019 year-end General Fund Balance
Report
Issue:
Whether to review and discuss the 2019 Year-End General Fund Balance and direct staff to bring forward a recommendation appropriating excess fund balance above the 10 percent General Fund Reserve and 10 percent Budget Stabilization Reserve
Staff Contact:
Debbie Sullivan, Administrative Services Director, 360.753.8499
Presenter(s):
Debbie Sullivan, Administrative Services Director
Jay Burney, Interim City Manager
Background and Analysis:
Staff is actively closing out fiscal year 2019 and will provide Finance Committee with a preliminary report of the City’s end-of-year financial position.
Staff will discuss recommendations with Finance Committee for appropriating excess fund balance above the 10 percent General Fund Reserve, 10 percent Budget Stabilization Reserve, and unfunded priorities from the 2020 operating budget discussions.
Attachments:
None