Title
Public Hearing on the 2019 Preliminary Operating Budget and Preliminary Capital Facilities Plan (CFP) and 2019-2024 Financial Plan
Recommended Action
Committee Recommendation:
Planning Commission, Bicycle Pedestrian Advisory Committee, Parks and Recreation Advisory Committee forwarded written comments to the City Council at an earlier date. The Finance Committee has reviewed the budget and will meet on November 21 to finalize their recommendations.
City Manager Recommendation:
Hold the public hearing and receive testimony on the 2019 City of Olympia Preliminary Operating Budget and Preliminary CFP and 2019-2024 Financial Plan
Report
Issue:
Whether to hold a public hearing and receive testimony on the 2019 City of Olympia Preliminary Operating Budget and Preliminary CFP and 2019-2024 Financial Plan.
Staff Contact:
Debbie Sullivan, Director, Administrative Services, 360.753.8499
Presenter(s):
Steve Hall, City Manager
Debbie Sullivan, Director, Administrative Services
Background and Analysis:
2019 Preliminary Operating Budget
The 2019 Preliminary Operating Budget was presented to Council on October 23, 2018. This hearing provides additional opportunity for the Council hear from the public. The operating budget includes the use of banked capacity from the Public Safety Levy Lid Lift, utility rate increases, and recommendation for allocating the lodging tax to various organizations, and changes in impact fees.
The 2019 Preliminary Operating Budget is $155.9 million reflecting a 3.8% increase over the 2018 budget. The General Fund, which covers our core municipal services is $81.85 million, a 4.2% increase over the 2018 budget.
Utility rate increases which were reviewed and recommended by the Utility Advisory committee are:
Drinking Water 0%
Wastewater Collections 0%
LOTT 3%
Storm & Surface Water 5.1%
Waste ReSources
Drop Box 5.5%
Residential 5.5%
Commercial 0%
Organics 0%
2019 Preliminary CFP and 2019-2024 Financial Plan
The Preliminary CFP and 2019-2024 Financial Plan was presented to Council on July 24. On October 23 the Council held a public hearing. Council also received a briefing on 2019 proposed impact fees for Transportation, Parks, and Olympia School District proposed impact fees. The impact fees provide revenue to fund projects identified in the CFP.
Finance Committee met on October 25 and asked staff to consider either maintaining the 2018 Park Impact Fee rate or phase the necessary rate increase over five years.
The Preliminary CFP is $148 million. The 2019 budget is $21,001,964. This hearing provides an additional opportunity for the Council to hear from the public.
Both the 2019 Preliminary Operating Budget and CFP are on the City website for public review.
Neighborhood/Community Interests (if known):
None
Options:
1. Hold the public hearing and accept written comments until 5:00 PM on Friday, November 30, 2019.
2. Move the public hearing to a future City Council meeting.
Financial Impact:
The 2019 Preliminary Operating Expenditure Budget is $155.9 million.
Attachments:
2019 Proposed Parks Impact Fee Options
UAC Letter