HomeMy WebLinkAbout02/29/2012 Special r�� IM,
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CITY COUNCIL 345 6 Street, Suite 600, Bremerton, WA 98337 ❑ Phone (360) 473 -5280
DATE NOTICE ISSUED: FEBRUARY 24, 2012
You are hereby notified that the BREMERTON CITY COUNCIL will hold a SPECIAL
MEETING on WEDNESDAY, FEBRUARY 29, 2012 beginning at 5:00 PM in Council
Conference Room 603 in the Norm Dicks Government Center located at 345 6 Street,
Bremerton, WA to discuss the following items
1 Municipal Budgeting 101 (Education /Information only )
2 General Council Business (As necessary )
3 Adjournment of Special Meeting
The Special Meeting is open to the public but there will be no opportunities for comment
Americans with Disabilities Act (ADA) accommodations provided upon request Those requiring special
accommodations please contact the City Clerk at (360) 473 -5323 by noon on the day preceding the Meeting
Budgeting 101
• The Big Picture
• BARS (not J* Ust a good place to drink)
• Things That Make You GU "hhhmm"
• The Written Evidence (aka The Budget
Document)
Why Have Budgets
• Legally required ■■■■��
• Accountability rim
• Evaluation /�■ • Planning
• Information � �■■■
• Conflict Resolution f�'
GMA Historical Plan Fire Master
Plan
Transportation Park Plan
Plan
Land Use � � � ^ Economic
Plan Development Plan
Water Com Police Master
Plan Plan
Sewer Comp. Storm Drainage
Plan Plan
Budgeting Players
Council
Staff Advisory Boards
Budgeting Players
• Council — adoption authority; ultimate fiscal
responsibility
• Staff — reporting responsibility; develops cost
projections and makes spending
recommendations; assesses advisory board
recommendations and champions appropriate
suggestions
• Advisory Boards —makes policy /capital
recommendations through staff for potential
council adoption
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BARS
• Allows for state wide analysis
• Line items don't mean anything in the big
picture (unless adopted that way)
• Utilizes and acknowledges Fund
Accounting
FUND TYPES
General Government Proprietary fiduciary
(Taxes) (Rates) (Odier People's Money)
General V Trust
001 -099 (601
01-099
Revenue Water O &M tlgency
101 -199 (631-699)
Streets Sewer O &M
Lodging Tax St- r- nWater O &M
CDBG Utilities Capital
P:=Debt -299
Capital Projects Internal Service
301 -399 (�01 -�99)
Park Plaza 11 Risk Management
Parks Capital =rl
Lo«er Wheahm 'av ER &R
Amendments Vs. Adjustments
• Amendment Adjustment
Formally recognize Transfer like amount from
additional or unrealized one line item to another
revenues Transfer between depts.
Additional appropriations within same fund
Formal loss of revenue Transfer from contingency
and like appropriation Not Required
• Ordinance Required
Unfunded Liabilities?
• Annual Leave
• Sick Leave
• Unemployment
• Holiday Pay
• LEOFF I
• Depreciating
Capital /Infrastructure
Enhancement Questions
• Understand Why It Is Needed
• Will There Be New Demands?
• How Will Costs Be Recovered
• How Will This Impact the Current and
Future Operating Budget?
(on going or one time? capital need
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The Budget Document
• Communications Tool
Policies
Marketing and
Accountability
• Accounting Info for I
Non-Accountants
• Move Toward
Program Budgets
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