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Resolution 1550RESOLUTION NO. 1550 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, ADOPTING THE PLANNING CALENDAR FOR THE 2025 -2026 BIENNIAL BUDGET. WHEREAS, in accordance with Title 35A RCW, the City Council intends to adopt the 2025-2026 Biennial Budget in its final form; and WHEREAS, the City Council understands the benefits of a budget calendar to set expectations and approach for the budget process; and WHEREAS, the City Council has incorporated scheduling recommendations from City Staff and Administration. THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. Adoption of the 2024 Budget Schedule for the 2025-2026 Biennial Budget. The events and dates specified by Exhibit A to this Resolution shall comprise the 2024 budget planning calendar for the 2025-2026 biennial budget. Exhibit A is attached hereto and incorporated herein by this reference as if set forth in full. Section 2. The City Council shall retain its full authority to modify or amend the planning calendar as the Council deems necessary, and in a manner consistent with applicable law, adopted polices and standard practices. RESOLVED this 25 th day of June 2024. CITY OF EDMONDS ~ ATTEST: ~PASSEY FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: RESOLUTION NO.: June 21, 2024 June 25, 2024 1550 3 EXHIBIT A 2025-2026 Budget Schedule DATE ITEM DESCRIPTION Pre-Budget Items Spring/Summer 2024 Adopted and update financial policies Community outreach August Departments present revenue and expenditure estimates to Mayor. August 13 Mid-Year report August 16 Council retreat September 11 Presentation of CIP/CFP to Planning Board September 24 CIP/CFP capital budget briefing to Council September 25 Planning Board CIP/CFP public hearing September 27 Preliminary budget filed at the Clerk’s office October 1 Mayor’s Message and presentation of Preliminary Budget CIP/CFP presentation to Council October 8 Department operating budget presentation CIP/CFP presentation to Council 1st public hearing – Property Tax 1st reading of the budget ordinance 1st reading of the CIP/CFP ordinance October 15 Committees / + Special Council Meeting (tentative) October 22 Department operating budget presentations (con’t) 1st public hearing CIP/CFP 2nd public hearing - Revenue 2nd reading of the budget ordinance 2nd reading of the CIP/CFP ordinance October 29 Special Council Meeting November 12 Council workshop / deliberations 3rd public hearing - final November 19 Committees / + Special Council Meeting (tentative) November 21 Special Council Meeting (tentative) November 23 Special Council Meeting (tentative) November 25 Special Council Meeting (tentative) November 26 Final budget review and adoption of the 2025-2026 Biennial Budget and adoption of the CIP/CFP November 27 General Property tax levy for 2025 filed with the County *Subject to change as needed