HomeMy WebLinkAbout11/01/2023 6A - NO ACTION
AGENDA BILL
CITY OF BREMERTON
6A
CITY COUNCIL
SUBJECT:Study SessionDate: October 25, 2023
Public Hearing on Revenue Sources for the COUNCIL MEETING Date: November 1, 2023
2024City of Bremerton Budget
Department: Financial Services
Presenter: Karen Wikle/Mike Riley
Phone: (360) 473-5296
SUMMARY:4
Proposed Budget. The proposed budget anticipates property and EMS levy increases of the full 1%
allowed by law, leaves utility tax rates unchanged.The proposed budget also adjusts for the increase
to the B&O tax exemption rateto $1,040,000and includes interfund transfers between funds where
appropriate. Overall, the revenue projections throughout all funds remain conservative
ATTACHMENTS:Exhibit A Revenue Sources
The 2024:
www.BremertonWA.gov/2024budget
FISCAL IMPACTS(Include Budgeted Amount):
Total proposed general fund revenue, without beginning fund balance, is $52,953,160.
With beginning fund balance, total general fund revenue is $69,749,036.
Total proposed revenue city wide, without beginning fund balance, is $152,595,371.
With beginning fund balance, total revenue city wide is $227,229,747.
STUDY SESSION AGENDA: LimitedPresentation Full Presentation
STUDY SESSION ACTION:Consent Agenda General Business Public Hearing
RECOMMENDED MOTION:
Open Hearing for Public Comment.
COUNCIL ACTION: Approve Deny Table Continue No Action
Form Updated 01/02/2018