HomeMy WebLinkAbout11/18/2015 6C AGENDA BILL
CITY OF BREMERTON �
CITY COUNCIL
........................................................................................
SUBJECT: Public Hearing on Revenue Study Session Date: Budget Workshops
Sources for the 2016 Proposed Budget COUNCIL MEETING Date: November 18, 2015
Department: Financial Services
Presenter: Cathy Johnson
Phone: 360-473-5296
SUMMARY: Tonight's public hearing is to take comments on the revenue sources for the 2016
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, but changes the allocation,
commercial parking tax rates unchanged, adjusts for the annual $20,000 increase to the B&O tax
exemption rate, incorporates utility rate increases and includes interfund transfers between funds
where appropriate, etc. Overall, revenue projections throughout all funds remain conservative.
ATTACHMENTS: 2016 Revenue Sources —All Funds
The 2016 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 $38,389,195. With beginning fund balance, total general fund revenue is
$42,882,497. Total proposed revenue city wide, without beginning fund balance, is $113,578,377.
With beginning fund balance, total revenue city wide is $152,931,712.
STUDY SESSION AGENDA: ❑ No Presentation � Full Presentation
STUDY SESSION ACTION: ❑ Consent Agenda ❑ General Business � Public Hearing
RECOMMENDED MOTION: Open the public hearing for comments.
COUNCIL ACTION: ❑ Approve ❑ Deny ❑ Table ❑ Continue � No Action
Form Updated 11/02/12