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Balancing the Operating Budget <br />Fund balance plays a role in achieving a statutorily balanced budget, and it should <br />be accounted for in the calculation <br />City Council passed budgets in previous years that include the use of excess fund <br />balance <br />Budget <br />Year <br />Council <br />Approved <br />Fund Balance <br />Budgeted to Be <br />Used <br />2014 Fall 2013 5,236,786$ <br />2016 Fall 2015 4,838,765$ <br />2018 Fall 2017 6,758,208$ <br />2020 Fall 2019 8,150,000$ <br />2022 Fall 2021 15,547,000$ <br />2024 Fall 2023 5,052,785$ <br />•Contributed $4.7 million for CIP 1 and <br />$3.7 million for LEOFF 1 Police/Fire <br />Pensions <br />•Helped fill the gap from revenue <br />shortfalls: $2.5 million less on B&O <br />taxes (Boeing 787 move to South <br />Carolina) and $1 million less on other <br />tax revenues