Title
2027 Budget Process and Preparation Update
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Receive an update on the 2027 Budget process and preparation.
Report
Issue:
Whether to receive an update on the 2027 Budget process and preparation.
Staff Contact:
Mike Githens, Finance Director, 360-753-8465
Presenter(s):
Jay Burney, City Manager
Background and Analysis:
Olympia budgets on an annual basis with the fiscal year beginning January 1 and ending December 31. The operating budget process is roughly an eight-month long process culminating with the City Council approving the next year's budget in December.
The internal development process for the 2027 Budget is being updated based on feedback from the Executive Team to involve the entire Team in the early background, forecasting, assumptions and overall process for the development of the City Manager's recommended Budget. These changes in process will be presented.
This will also be an opportunity for the Finance Committee to discuss areas of interest they have related to budget development and what areas of focus the Committee may want to have further discussion with the entire City Council about budget priorities.
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 City services are delivered equitably to residents, businesses, and the broader Olympia community. This agenda item is not anticipated to create or further impact known disparities within the community.
Neighborhood/Community Interests (if known):
Community members may have an interest in this agenda item as it relates to transparency, City finances, and fiscal governance.
Financial Impact:
There is no financial impact associated with this agenda item.
Options:
1. Receive an update on the 2027 Budget process and preparation.
2. Do not receive an upd...
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