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Redmond staff identify $780,000 unallocated reserve; council tentatively backs $250,000 for managed camp match
Summary
City finance staff reported a projected $14 million year-end reserve and identified $780,000 of unallocated funds. Council signaled support for committing $250,000 as a local match for a managed camp if county and state funds fall short, while keeping most money in reserve pending legislative outcomes.
Redmond staff told the City Council they now expect about $14,000,000 in reserves at fiscal year-end and have identified approximately $780,000 in unallocated general-fund reserves. Jason (CFO/City manager) presented a list of competing priorities and asked the council for direction on how to use the newly identified funds.
The most immediate proposal was to contribute a $250,000 match toward a managed camp for people experiencing homelessness. Jason said the managed-camp setup is roughly a $1,000,000 proposal and that the city has asked the state for $1,200,000 in operating money for two years; the county has…
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