Title
2025 Preliminary Operating Budget Update
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Hold a discussion regarding the 2025 Preliminary Operating Budget update.
Report
Issue:
Whether to hold a discussion regarding the 2025 Preliminary Operating Budget update.
Staff Contact:
Joan Lutz, Budget and Finance Manager, 360.753.8760
Presenter(s):
Jay Burney, City Manager
Background and Analysis:
The 2025 preliminary budget process has been underway for roughly five months and is nearing the beginning of the Council stage of the process. This agenda item will provide an opportunity to fill the Committee in on the status of the preliminary budget, a high-level review of the assumptions included in the budget, as well as a review of the next steps in the budget process.
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 and/or financial processes 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:
This item is for discussion only and has no financial impact at this time, however direction from the could inform future budget impacts.
Options:
1. Hold a discussion regarding the 2025 Preliminary Operating Budget update.
2. Do not Hold a discussion regarding the 2025 Preliminary Operating Budget update.
3. Take other action.
Attachments:
Presentation