File #: 24-0480    Version: 1
Type: information Status: Filed
File created: 5/29/2024 In control: Utility Advisory Committee
Agenda date: 6/6/2024 Final action: 6/6/2024
Title: City-wide Budget Drivers and Budget Prep for 2025
Attachments: 1. Staff Presentation_2025 Budget Overview UAC_June 2024

Title

City-wide Budget Drivers and Budget Prep for 2025

 

Recommended Action

Discussion only. No action requested.

 

Report

Issue:

Received the briefing and hold a discussion on budget drivers and 2025 budget prep.

 

Staff Contact:

Aaron BeMiller, Finance Director, 360.753.8465

 

Presenters:

Aaron BeMiller, Finance Director

Thomas Donnelly, Utility Billing Manager

 

Background and Analysis:

The UAC requested information on the upcoming 2025 budget process.  Discussion items will include current financial information, review of indirect costs, municipal utility tax (MUT) and utility billing.

 

Climate Analysis:

This agenda item is expected to result in no impact to greenhouse gas emissions.

 

Equity Analysis:

One of the goals of the City’s budget process is to ensure that city services are provided equitably to our resident and business communities, as well as the greater Olympia community.  This agenda item is not expected to further impact known disparities in our community. 

 

Neighborhood/Community Interests (if known):

Members of the community may have an interest in this agenda item as it deals with City finances and fiscal governance.

 

Options:

1. Receive the financial presentation.

2. Do not receive the financial presentation.

3. Reschedule the discussion to another meeting.

 

Financial Impact:

There is no financial impact associated with this agenda item.

 

Attachments:

None