HomeMy WebLinkAbout11/06/2013 7B AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
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SUBJECT: Public Hearing to receive Study Session Date Budget Workshops
comments on Revenue Sources for the COUNCIL MEETING Date November 6, 2013
Proposed 2014 City of Bremerton Budget Department Financial Services
(No action to be taken) Presenter Becky Hasart
Phone 360 - 473 -5722
SUMMARY: Tonight's public hearing is to take comments on the proposed revenue sources for the
2014 Proposed Budget The proposed budget anticipates property and EMS levy increases of the
full 1% allowed by law, leaves the utility taxes /PILOT rates unchanged (but does redistribute how the
revenues from these sources are used), leaves commercial parking tax rates unchanged, adjusts for
the annual $20,000 increase to the B &O tax exemption rate, adjusts anticipated utility rate increases
down from what was anticipated with the adopted rate model, includes interfund transfers between
funds where appropriate, etc Overall, revenue projections throughout all funds remain conservative
ATTACHMENTS: None The 2014 Proposed Budget and related budget workshop presentations
may be found on the City's website at www ci bremerton wa us
FISCAL IMPACTS (Include Budgeted Amount) Total proposed general fund revenue, without
beginning fund balance, is $34,311,740 With beginning fund balance, total general fund revenue is
$38,435,367 Total proposed revenue city wide, without beginning fund balance, is $90,501,419
With beginning fund balance, total revenue city wide is $117,968,249
STUDY SESSION AGENDA ❑ No Discussion N Full Presentation
STUDY SESSION ACTION: ❑ Consent Agenda ❑ General Business N Public Hearing
RECOMMENDED MOTION: Open the public hearing for comments
After consideration of public comments, move forward with Ordinance No 5227 to adopt the 2014
property and EMS levy rates, and move forward with the Ordinance No 5228 to adopt the 2014
utility rates (both under separate agenda bills)
COUNCIL ACTION ❑ Approve ❑ Deny ❑ Table ❑ Continue ENo Action
Form Updated 11/02/12