HomeMy WebLinkAbout11/03/2021 5AAGENDA BILL ��
CITY OF BREMERTON
CITY COUNCIL
Updated
SUBJECT: Study Session Date:
Public Hearing on Revenue Sources for the COUNCIL MEETING Date:
Proposed 2022 City of Bremerton Budget Department:
Presenter:
October 27, 2021
November 3, 2021
Financial Services
Karen
Wikle
Phone: (360) 473-5296
SUMMARY: Tonight's public hearing is to take comments on the revenue sources for the 2022
Proposed Budget. The proposed budget anticipates property and EMS levy increases of the full 1 %
allowed by law and leaves utility tax rates unchanged. The proposed budget also adjusts for the
increase to the B&O tax exemption rate to $1,000,000 and includes interfund transfers between
funds where appropriate. Overall, the revenue projections throughout all funds remain conservative.
ATTACHMENTS: Exhibit A Revenue Sources Updated
The 2022 Proposed Budget may be found on the City's website at
https://www.bremertonwa.gov/2022budget
FISCAL IMPACTS (Include Budgeted Amount):
Total proposed general fund revenue, without beginning fund balance, is $51,737,846. With
beginning fund balance, total general fund revenue is $68,268,363. Total proposed revenue city
wide, without beginning fund balance, is $153,592,0906 With beginning fund balance, total revenue
city wide is $224,964,542,
STUDY SESSION AGENDA: � Limited Presentation ❑Full Presentation
STUDY SESSION ACTION: ❑ Consent Agenda ❑ General Business ❑ Public Hearing
RECOMMENDED MOTION:
Open Hearing for Public Comment
COUNCIL ACTION:
Form Updated 01/02/2018
❑ Deny ❑Table ❑Continue ❑ No Action