Title
Approval of an Ordinance Adopting the 2020 Operating, Special Funds, Capital Budget, Capital Facilities Plan, and 2020-2025 Financial Plan
Recommended Action
Committee Recommendation:
The Finance Committee considered public testimony received at Public Hearings held on October 29 and November 19, as well as the Council budget balancing discussion on November 26.
City Manager Recommendation:
Move to approve the ordinance adopting the 2020 Operating, Special Funds and Capital budgets, and the Capital Facilities Plan: 2020-2025 Financial Plan on second reading.
Report
Issue:
Whether to approve the ordinance adopting the 2020 Operating, Special Funds and Capital budgets, and the Capital Facilities Plan: 2020-2025 Financial Plan on second reading.
Staff Contact:
Debbie Sullivan, Administrative Services Director, 360.753.8499
Presenter(s):
None - Consent calendar item
Background and Analysis:
Background and analysis has not changed from first to second reading.
State law requires the City Manager to present a balanced Preliminary Operating budget and Capital budget to Council each year. By State law the budget must be adopted no later than December 31. The City Council's Finance Committee met throughout the year to review, discuss, and provide direction to the City Manager on the 2020 Preliminary Operating budget, Capital budget, and the Capital Facilities Plan (CFP) and 2020-2025 Financial Plan.
The 2020 Preliminary Operating, Special Funds, and Capital budgets include resources to provide services such as police and fire protection, developing and maintaining parks, open space and recreational centers, and building and maintaining City streets and utility infrastructure.
Operating Budget
The Operating Budget was presented to Council on October 29. A public hearing was held on November 19. Finance Committee met on November 20 to prepare a final recommendation which was presented to the full Council on November 26. Since the Preliminary Operating b...
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