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,J r L L3 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF TUKWILA, WASHINGTON, ADOPTING THE 2019- <br />2024 FINANCIAL PLANNING MODEL AND THE <br />CAPITAL IMPROVEMENT PROGRAM FOR GENERAL <br />GOVERNMENT AND THE CITY'S ENTERPRISE FUNDS. <br />WHEREAS, when used in conjunction with the biennial City budget, the Capital <br />Improvement Program (CIP) and the Financial Planning Model for the period of 2019- <br />2024 are resource documents to help plan directions the City will consider for the future; <br />and <br />WHEREAS, the Financial Planning Model and Capital Improvement Program are not <br />permanent fixed plans, but are guidelines or tools to help reflect future goals and future <br />resources at the time budgets are being planned; and <br />WHEREAS, the commitment of funds and resources can only be made through the <br />budget process; <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, <br />WASHINGTON, HEREBY RESOLVES AS FOLLOWS: <br />Section 1. The City Council hereby adopts the 2019-2024 Financial Planning Model <br />and accompanying Capital Improvement Program, incorporated by this reference as if <br />fully set forth herein. <br />Section 2. A copy of the 2019-2024 Financial Planning Model and accompanying <br />Capital Improvement Program shall be kept on file electronically by the City Clerk and <br />accessible from the City's website in accordance with Washington State records retention <br />schedule requirements and City policy, and shall be made available to the public upon <br />request. <br />Section 3. The assumptions, revenues and expenditures will be reviewed and <br />updated biennially, or as necessary, by the City Council. <br />W:\Word Processing\Resolutions\Financial Planning Model & CIP 10-29-18 <br />VC:bjs <br />Page 1 of 2 71 <br />