Title
Approval of an Ordinance Adopting the 2022 Operating, Special Funds, Capital Budget, and Capital Facilities Plan: 2022-2027 Financial Plan
Recommended Action
Committee Recommendation:
The Finance Committee recommends Approval of an Ordinance adopting the 2022 Operating, Special Funds, Capital Budget and Capital Facilities Plan2022-2027 Financial Plan.
City Manager Recommendation:
Move to approve the Ordinance adopting the 2022 Operating, Special Funds, Capital budgets and the Capital Facilities Plan: 2022-2027 Financial Plan on second reading.
Report
Issue:
Whether to approve an Ordinance adopting the 2022 Operating, Special Funds and Capital Budget and the Capital Facilities Plan: 2022-2027 Financial Plan on second reading.
Staff Contact:
Aaron BeMiller, Finance Director, 360.753.8465
Joan Lutz, Budget/Financial Analyst, 360.753.8760
Presenter(s):
Aaron BeMiller, Finance Director
Background and Analysis:
Background and Analysis did not change from first to second readings.
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 2022 Preliminary Operating budget, Capital budget and the Capital Facilities Plan (CFP) and the 2022 - 2027 Financial Plan.
The 2022 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 as well as building and maintaining City streets and utility infrastructure.
Operating Budget
The Preliminary Operating Budget was presented to Council on November 1. A public hearing on Ad Valorem was held on November 9 and a public hearing on the Operating Budget on November 16 and November 23. Finance Committee met on Novem...
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