Title
Review of 2017 Year-End Numbers
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Review the preliminary 2017 year-end numbers, and move to direct staff to forward the necessary ordinances to the full Council for consideration.
Report
Issue:
Whether to authorize staff to bring forward any necessary ordinances appropriating excess fund balance above the 10 percent reserve to full Council for consideration.
Staff Contact:
Debbie Sullivan, Administrative Services Director, 360.753.8499
Presenter(s):
Debbie Sullivan, Administrative Services Director
Steve Hall, City Manager
Background and Analysis:
Staff is actively closing out fiscal year 2017 and wants to provide Finance Committee with a preview of the City’s end-of-year financial position. This will be an oral report since the numbers are preliminary. Staff can discuss recommendations for appropriating excess fund balance above the 10 percent reserve.
Attachments:
None