TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Finance |
Kelley Cochran |
425-556-2748 |
DEPARTMENT STAFF:
|
Finance |
Haritha Narra |
Deputy Finance Director |
|
Finance |
Hailey Zurcher |
Financial Planning Manager |
TITLE:
title
Budget Process Update: Utility Rate Study, Long-Range Financial Strategy & Fiscal Policies
OVERVIEW STATEMENT:
recommendation
City Council will be provided with an overview of the preliminary forecast for the city utilities and will discuss financial strategies and policies relevant to Long-Range Financial Strategies and Fiscal Policies.
body
☒ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☐ Receive Information ☒ Provide Direction ☐ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
Long-Range Financial Strategy
Fiscal Policies
• Required:
N/A
• Council Request:
N/A
• Other Key Facts:
N/A
OUTCOMES:
The purpose of the Study Session is to provide Council with an overview of the preliminary forecast for city utilities and to finalize policy direction and document updates to the Long-Range Financial Strategy and Fiscal Policies
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
• Timeline (previous or planned):
N/A
• Outreach Methods and Results:
N/A
• Feedback Summary:
N/A
BUDGET IMPACT:
Total Cost:
N/A
Approved in current biennial budget: ☐ Yes ☐ No ☒ N/A
Budget Offer Number:
N/A
Budget Priority:
Strategic & Responsive
Other budget impacts or additional costs: ☐ Yes ☐ No ☒ N/A
If yes, explain:
N/A
Funding source(s):
N/A
Budget/Funding Constraints:
N/A
☐ Additional budget details attached
COUNCIL REVIEW:
Previous Contact(s)
|
Date |
Meeting |
Requested Action |
|
3/10/2026 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
|
4/14/2026 |
Study Session |
Receive Information |
|
5/12/2026 |
Committee of the Whole - Finance, Administration, and Communications |
Receive Information |
|
6/9/2026 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
|
7/14/2026 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
11/10/2026 |
Special Meeting |
Approve |
Time Constraints:
N/A
ANTICIPATED RESULT IF NOT APPROVED:
N/A
ATTACHMENTS:
Attachment A: Presentation