TO: Committee of the Whole - Finance, Administration, and Communications
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Kelley Cochran
425-556-2748
DEPARTMENT STAFF:
Finance
Haritha Narra
Deputy Finance Director
TITLE:
title
Budget Process Update
OVERVIEW STATEMENT:
recommendation
To provide Council with updates for work plan items related to the budget process.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
N/A
* Required:
N/A
* Council Request:
N/A
* Other Key Facts:
N/A
OUTCOMES:
The following information will be reviewed with Council:
1. Long-Range Financial Strategy
a. Updated draft of revisions available for review in Council SharePoint site.
b. Currently working to enhance the document with additional material.
c. Communications Team is working on a new design and graphics for the document.
d. Final draft document will be presented at the November 12 Study Session.
e. Council review to be discussed at the January and February FAC meetings.
2. Performance Measures
a. Communications Team is working on design of document.
b. Performance information is being collected from departments.
c. Design and content completed to date will be presented at the November 12 Study Session to collect feedback.
d. Performance Report and performance measures will be reviewed with Council at monthly Study Sessions from February - May 2026.
3. Budget Contingency Plan
a. Phase 1 is complete. Finance staff have confirmed that a general recession can be managed through administrative budget reductions with minimal impact to service levels.
b. Documentation of Phase 1 work is underway.
c. Phase 2 has begun, and citywide staff are working to analyze and solve for impacts of tariff changes.
4. HB 2015
a. Options for Council to consider will be presented at the November 12 Study Session.
b. Timeline w...
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