File #: 18-0164    Version: 1
Type: decision Status: Filed
File created: 2/9/2018 In control: Finance Committee
Agenda date: 2/21/2018 Final action: 2/21/2018
Title: Review of 2017 Year-End Numbers

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