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HomeMy WebLinkAbout06/05/2024 6A AGENDA BILL 6A CITY OF BREMERTON CITY COUNCIL SUBJECT:Ordinance No. 5493to amend Study SessionDate: May 22, 2024 BMC 3.02.010 Budget and COUNCIL MEETING Date: June 5, 2024 StructureBiennial Budget Department: Finance Presenter: Mike Riley Phone: (360) 473-5303 SUMMARY: The purpose of this agenda bill is to seek approval for amending the Bremerton Municipal Code (BMC) Section 3.02.010, Budget, and Structure, to transition from an annual budget to a biennial budget beginning in 2025. II. Background Currently, the City of Bremerton operates on an annual budget cycle. Transitioning to a biennial budget will allow for more strategic long-term financial planning, improve efficiency in budget management, and provide better stability in financial operations. optimizing resource allocation over a two-year period. This change is anticipated to reduce administrative workload related to budget preparation and approval, enabling staff to focus more on implementing and managing programs effectively. ATTACHMENTS:Ordinance No. 5493 FISCAL IMPACTS(Include Budgeted Amount): No Fiscal Impact STUDY SESSION ACTION:Consent Agenda General Business Public Hearing RECOMMENDED MOTION: Move to pass Ordinance No. 5493to amend BMC 3.02.010, Budget and Structure COUNCIL ACTION: Approve Deny Table Continue No Action