HomeMy WebLinkAbout11/19/2014 09C AGENDA BILL
CITY OF BREMERTO_ N
CITY COUNCIL
SUBJECT: Public Hearing on Revenue Budget Workshops: November 6, 13 & 17
Sources for the 2015 Proposed Budget COUNCIL MEETING Date: November 19, 2014
Department: Financial Services
Presenter: Cathy Johnson
Phone: 360-473-5296
SUMMARY: Tonight's public hearing is to take comments on the proposed revenue sources for the
2015 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 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 includes interfund transfers between funds where appropriate, etc.
Overall, revenue projections throughout all funds remain conservative.
ATTACHMENTS: None. The 2015 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 $36,197,394. With beginning fund balance, total general fund revenue is
$40,555,877. Total proposed revenue city wide, without beginning fund balance, is $102,828,342.
With beginning fund balance, total revenue city wide is $135,793,166.
BUDGET WORKSHOPS AGENDA: ❑ No Presentation ❑x Full Presentations
BUDGET WORKSHOPS ACTION: ❑ Consent Agenda ❑ General Business ❑x Public Hearing
RECOMMENDED MOTION: None.
After consideration of public comments, proceed with Ordinance No. 5264 to adopt the 2015
property and EMS levy rates; Resolution No. 3238 to adopt 2015 general rates and fees; and
Ordinance No. 5265 to adopt the 2015 utility rates (all under"General Business").
COUNCIL ACTION: ❑ Approve ❑ Deny ❑ Table ❑ Continue Z�No Action
Form Updated 11/02/12