File #: 19-0169    Version: 1
Type: recommendation Status: Filed
File created: 2/13/2019 In control: Finance Committee
Agenda date: 2/20/2019 Final action: 2/20/2019
Title: Oral Report - Review and Discuss 2018 Year-End General Fund Balance

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