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Redmond finance staff to add new revenues, align reimbursements in technical budget adjustment
Summary
Finance staff asked the committee to place a technical budget adjustment on the May 20 consent agenda to recognize new revenues and grant allocations approved by council, including firefighter deployment reimbursements and King County ALS/BLS reimbursements; staff said none of the adjustments increase expenditures without corresponding revenues.
City finance staff proposed a technical budget adjustment to recognize new beginning revenues and reimbursements that were not included in the adopted budget and asked that the adjustment be placed on the May 20 consent agenda.
Director Cochran and budget staff member Haley Zircher told the Committee of the Whole on May 13 that the adjustment aligns the budget with revenue the council has already approved and with reimbursements the city expects. Zircher said two items in the adjustment had not previously been brought to council: reimbursement revenues for firefighter deployment to Los Angeles wildfires in January and an alignment of King County reimbursement budgets for ALS and BLS services, which are often finalized after the council adopts the budget.
Why it matters: staff said none of the adjustments increase expenditures without corresponding revenues, so the changes are technical alignments to recognize funding the city has received or will receive. Cochran said the full beginning fund balance reconciliation for 2023 is pending the city audit and will likely be presented in July with a fuller beginning‑fund adjustment in September.
Next steps: staff asked that the technical budget adjustment go on the May 20 consent agenda; the committee raised no objections.
