09-01-2020 BudgetBudget/
Financial Update
Presented by:
Ade Ariwoola, Finance Director
September 1, 2020
2
•Council Budget Calendar
•Management Presentations
•Mayor’s Budget Priorities
•Status of Budget Preparation
•Budget Challenges
Agenda
Council Budget Schedule
3
Date Time Regular/Special Topic
9/15 6:30 pm Regular Mayor presents his budget to Council
9/23 5:00 pm Special Department presentations
9/24 5:00 pm Special Department presentations
10/6 5:00 pm Special Department presentations
10/20 5:00 pm Special Council deliberations
10/21 5:00 pm Special Council deliberations
11/3 5:00 pm Special Council deliberations
11/3 6:30 pm Regular Public hearing
11/17 6:30 pm Regular Budget & Tax Ordinance
12/1 6:30 pm Regular Budget & Tax Ordinance, Fee Schedule
4
Department Presentations
Date Day Departments
9/23 Wednesday Finance,
Human Resources,
City Clerk,
Emergency Management,
Public Works, and
Parks
9/24 Thursday Courts,
Law,
Police,
Community Development, and
IT
10/6 Tuesday Council,
Mayor’s Office, and
Economic Development
5
•Security of Citizens and Properties
•Maintain Current Level of Service
•Avoid Layoff of Current Staff
•Avoid Loss of Key Staff With Institutional
Knowledge
•Ensure Non-representative Do Not Fall Too
Far Behind
Mayor’s Budget Priorities
6
•Mayor and Finance Director Met with
Directors Last Week and This Week To
Discuss their Budgets
•Finance Will Start Budget Compilatio
•Mayor’s Budget To The Council -15th
Status of Budget Preparation
7
•Red Lights & School Zone
•9 Officers, 4 Transportation staff, Other
Traffic/Transportation Equipment
•REET
•Debt service, Infrastructure, and Capital projects.
•Sales Tax
•General Fund
•Permit Fees
•General Fund
•City’s other Facilities will need support from General
Fund
Budget Challenges
8
•Utility Tax on Water and Sewer Judgement
•Business Makeup in Federal Way
•SCORE Savings
•Jail ADP
•Reserves
•Debt Capacity
Budget Opportunities
Summary
1.2021/22 Budget Will Have Challenges Due To
Pandemic.
2.The City’s Financial Condition Is Better Than
Most (Utility tax, SCORE, ADP, and business
makeup).
9
10
Questions?
Thank You