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
Interim Financial Planning Manager
TITLE:
title
Adoption of an Ordinance for the 2023-2024 Budget Adjustment #5
a. Ordinance No. 3180: An Ordinance of the City Council of the City of Redmond, Washington, Amending Ordinance Nos. 3110, 3129, 3130, 3135, and 3164 by Making Adjustments to the City's 2023-2024 Biennial Budget, in Exhibit 1
OVERVIEW STATEMENT:
recommendation
An Ordinance amending Ordinance Nos. 3110, 3129, 3130, 3135, and 3164 by adjusting the City's 2023-2024 Biennial Budget to recognize new and increased revenue sources, appropriate funds for projects and programs previously approved by Council, and make minor corrections identified throughout the biennium.
General Fund (100): $508,214
a) Port of Seattle Grant - $60,000
On May 21, 2024 (AM No. 24-067), Council approved a grant from the Port of Seattle to finance Economic Development programs including the Startup425 Program, an Eastside Made small business market in the Overlake Intercultural District, and the Innovation Triangle.
b) Department of Commerce Climate Planning Grant - $200,000
On May 7, 2024 (AM No. 24-059), Council approved a Climate Planning grant from the Department of Commerce to support the evaluation of resilient stormwater infrastructure design, regional electrification planning efforts, and support public electric vehicle infrastructure planning. While the awarded amount is $350,000, $150,000 will be included in the proposed 2025-2026 budget, making the impact for 2023-2024 $200,000.
c) Office of Public Defense SPAR Funding - $24,000
On October 9, 2024, the Planning Department was awarded $24,000 in SPAR funding from the Washington State Office of Public Defense. The funding is to be used to reimburse Redmond's eligible expenses related to public defense ser...
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