Title
Oral Report - Review and Discuss 2018 Year-End General Fund Balance
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Review the preliminary 2018 year-end General Fund balance, and direct staff to forward the necessary ordinances to the full Council.
Report
Issue:
Whether to authorize staff to bring forward any necessary ordinances appropriating excess fund balance above the 10 percent reserve.
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 2018 and will provide the Finance Committee with a preliminary report of the City’s end-of-year financial position.
Staff will discuss recommendations with Finance Committee for appropriating excess fund balance above the 10% reserve based on the 2019 operating budget discussions.
Attachments:
None