Adopted 2007 - 2008 Biennial Budget

Washington law outlines the process that cities use to prepare and adopt the budget. Mountlake Terrace uses a two-year budget, currently for the period of January, 2007 through December, 2008. The budget process begins in the Spring, with the City Council identifying goals to be achieved during the next two to three years. Department directors then gather information, and make recommendations to the City Manager on how best to achieve the Council’s goals. This information includes everything from reductions in one area to increases in another. After reviewing the information with staff and the City Council, the City Manager presents the Council with a balanced budget in the Fall. The City Council then holds a series of public meetings to discuss the proposed budget and to make changes. For the 2007-2008 budget the City Council held a total of nine public meetings to discuss the budget. The 2007-2008 budget was adopted by the Council on December 4, 2006.

2007 – 2008 Budget In Brief

 
Reader’s Guide
 
Budget Message
City Manager’s Budget Message

City Organizational Chart

Boards and Commissions
Budget Process
Financial Policies
Basis of Accounting and Budgeting
Executive Summary
Revenue Assumptions
Six-Year Financial Forecast

2007 Adopted Budget Summary by Fund

2008 Adopted Budget Summary by Fund
2007 Sources by Fund and Category
2008 Sources by Fund and Category
2007 Uses by Fund and Category
2008 Uses by Fund and Category
Ending Fund Balances
Expenditures by Object Category
Community Profile
Debit Policy

General Government Fund Departments and Programs

City Council
City Manager

Municipal Court

Administrative Services

Financial Services

Customer Service/Utility Billing

Human Resources

Information Services
   
Police

Investigation

Patrol

Community Programs

Fire
Property Management
   
Community Development

Code Compliance

Development Services

Long Range Planning

Park Services
Street Operating Fund
Recreation Fund
Debt Service Fund
Strategic Reserve Fund
Equipment Rental Fund
Hotel/Motel Tax Fund
Solid Waste Fund
Accumulated Leave Reserve Fund
Capital Funds
Real Estate Excise Tax (REET) Fund

Street Construction Fund

Capital Improvement Fund

Capital Improvement Projects (Funded)

Capital Improvement Projects (Unfunded)

Facility Construction Fund

Utility Funds
Storm Water Fund
Sewer Utility Fund
Water Utility Fund
Storm Water Construction Fund

Sewer Construction Fund

Water Construction Fund
Water/Sewer Revenue Bond Fund
Appendix

City Council Goals

Information Technology (IT) Strategic Plan
Glossary of Budget Terms

Proposed 2008 Budget Modifications

The City Manager has proposed several budget modifications to the 2007-2008 budget that the Council is currently considering. The proposed budget modifications are described under "Proposed 2008 Budget Modifications" below.

The process for the City's Mid-Biennial Review of the 2007-2008 budget is as follows:

September 13

  • Work Session: Review of 2007-2008 Biennial Budget

October 11

  • Work Session: Further Review of Proposed Mid-Biennial Modifications

November 5

  • Council Meeting: Public Hearing and First Reading on Budget Modifications Ordinance
  • Public Hearing on and First Reading on Property Tax Levy

November 19

  • Council Meeting: Second Reading and Adoption of Budget Modification Ordinance
  • Second Reading and Adoption of Property Tax Levy

Supporting documents: