RES 2006-41 GUIDELINES FOR PREP OF CITY BUDGETSRESOLUTION NO. 2006-41
A RESOLUTION OF THE CITY OF BAINBRIDGE
ISLAND, WASHINGTON, ESTABLISHING BUDGET
POLICIES FOR THE PREPARATION OF FUTURE
CITY BUDGETS.
WHEREAS, the City Council has discussed and adopted Budget Policies for the
preparation of the 2007 Budget pursuant to Resolution No. 2006-35 and;
WHEREAS, other policies that were adopted but were not included in that
resolution were intended to be adopted in the future;
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, as follows:
We present these as guidelines for the preparation of City budgets and we understand
circumstances may arise, that requests may be made that exceed these guidelines and will
be considered by Council.
1. Total debt service for debt obligations shall not exceed 35% of total ongoing
revenues.
2. The City shall work to bring its health benefit costs in line with the average for
comparable cities by 2011.
3. The City shall not plan on any increases in staffing (full-time or limited term) beyond
2007 until the results of the Benchmarking Study have been accepted by the City
Council.
4. The City is authorized to allocate up to 3% of recurring revenues to for replacement
of all capital equipment as deemed appropriate by the Administration.
5. The City is authorized to allocate up to 0.5% of recurring revenues to professional
training and development for staff as deemed appropriate by the Administration.
PASSED by the City Council this 27th day of September, 2006.
APPROVED by the Mayor this 28th day of September, 2006..
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arlene Kordonowy, Mayo
ATTEST/AUTHENTICATE:
CK
Rosalind D. Lassoff, CMC
Interim City Clerk
FILED WITH THE CITY CLERK: September 19, 2006
PASSED BY THE CITY COUNCIL: September 27, 2006
RESOLUTION NO.: 2006-41