TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Finance |
Chip Corder |
425-556-2189 |
DEPARTMENT STAFF:
|
Finance |
Kelley Cochran |
Deputy Finance Director |
TITLE:
title
Approval of the Revised Fiscal Policies
OVERVIEW STATEMENT:
recommendation
The City’s Fiscal Policies have been reviewed and revised for the 2023-2024 budget process. Many of the edits represent clean-up, clarification, or updates. Following the March 8th Study Session, the City Council recommended a few changes to the Fiscal Policies, which were made by staff and subsequently reviewed by the City Council at the March 22nd Study Session The City Council did not make any other changes to the Fiscal Policies. The noteworthy edits to the Fiscal Policies are highlighted in the first attachment (including the City Council directed changes at the March 8th Study Session, which are redlined), and the full redlined version of the Fiscal Policies is included in the second attachment.
body
☒ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☐ Receive Information ☐ Provide Direction ☒ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
Fiscal Policies
• Required:
N/A
• Council Request:
N/A
• Other Key Facts:
N/A
OUTCOMES:
N/A
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:
N/A
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 |
|
3/8/2022 |
Study Session |
Provide Direction |
|
3/22/2022 |
Study Session |
Provide Direction |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
N/A |
None proposed at this time |
N/A |
Time Constraints:
With staff having commenced work on the 2023-2024 budget, the revised Fiscal Policies should be approved by April 2022. If needed, the Fiscal Policies can be revisited and revised before the 2023-2024 budget is adopted.
ANTICIPATED RESULT IF NOT APPROVED:
N/A
ATTACHMENTS:
Noteworthy Edits to Fiscal Policies
Revised Fiscal Policies (redlined version)