File #: 24-0148    Version: 1
Type: report Status: Filed
File created: 2/5/2024 In control: Finance Committee
Agenda date: 2/14/2024 Final action: 2/14/2024
Title: Budget Snapshot - Banking

Title

Budget Snapshot - Banking

 

Recommended Action

Committee Recommendation:

Not referred to a committee.

 

City Manager Recommendation:

Discussion only. No action requested.

 

Report

Issue:

Whether to receive a Budget Snapshot regarding banking.

 

Staff Contact:

Aaron BeMiller, Finance Director, 360.753.8465

 

Presenter(s):

Aaron BeMiller, Finance Director

Kensey Wang, Accounting Manager

 

Background and Analysis:

At the beginning of most Finance Committee meetings the Committee receives information related to a financial/accounting/economic process or function related to City business.  The information is presented at a high-level and is intended to provide the Committee with an opportunity to discuss various activities or actions associated with City business operations.

 

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 associated with this agenda item.

 

Options:

1.                     Receive a Budget Snapshot regarding banking.

2.                     Do not receive a Budget Snapshot regarding banking.

3.                     Reschedule the presentation of the information to another meeting.

 

Attachments:

None.