HomeMy WebLinkAbout11/15/2017 6B. AGENDA BILL
CITY OF BREMERTON 6B
CITY COUNCIL
SUBJECT: Public Hearing on Revenue Study Session Date:
Sources for the Proposed FY -2018 COUNCIL MEETING Date:
City of Bremerton Budget Department:
Presenter:
Phone:
Budget Workshops
November 15, 2017
Financial Services
DeWayne Pitts
(360) 473-5296
SUMMARY: Tonight's public hearing is to take comments on the revenue sources for the 2018
Proposed Budget. The proposed budget anticipates property and EMS levy increases of the full 1 %
allowed by law, leaves utility tax rates unchanged, but changes the allocation of stormwater taxes to
certain funds. The proposed budget also 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. Overall, the revenue projections throughout all funds remain conservative.
ATTACHMENTS:
r The 2018 Proposed. Budget may be found on the City's website at www.bremertonwa.gov.
FISCAL IMPACTS (Include Budgeted Amount): Total proposed general fund revenue, without
beginning fund balance, is $41,081,952. With beginning fund balance, total general fund revenue is
$48,310.,421. Total proposed revenue city wide, without beginning fund balance, is $107,060,830.
With beginning fund balance, total revenue city wide is $158,551,979.
STUDY SESSION AGENDA: ❑ No Presentation ® Full Presentation — Budget Workshops
STUDY SESSION ACTION: ❑ Consent Agenda ❑ General Business ® Public Hearing
RECOMMENDED MOTION: Open Hearing for Public Comment
Action will be taken under General Business to adopt the Resolution establishing 2018 Rates & Fees,
pass the Ordinance amending Utility Rates for 2018; and pass ordinance levying taxes for collection
in 2018.
COUNCIL ACTION: ❑ Approve
Form Updated 01/07115
❑ Deny ❑ Table ❑ Continue ® No Action