HomeMy WebLinkAboutRes 2059 - 2023-2028 Financial Planning Model and Capital Improvement ProgramCitv of Tukwila
Washington
Resolution No. 7W1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TUKWILA, WASHINGTON, ADOPTING THE 2023-
2028 FINANCIAL PLANNING MODEL AND THE
CAPITAL IMPROVEMENT PROGRAM FOR GENERAL
GOVERNMENT AND THE CITY'S ENTERPRISE FUNDS.
WHEREAS, when used in conjunction with the biennial City budget, the Capital
Improvement Program (CIP) and the Financial Planning Model for the period of 2023-
2028 are resource documents to help plan directions the City will consider for the future;
and
WHEREAS, the Financial Planning Model and Capital Improvement Program are not
permanent fixed plans, but are guidelines or tools to help reflect future goals and future
resources at the time budgets are being planned; and
WHEREAS, the commitment of funds and resources can only be made through the
budget process;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, HEREBY RESOLVES AS FOLLOWS:
Section 1. The City Council hereby adopts the 2023-2028 Financial Planning Model
and accompanying Capital Improvement Program, incorporated by this reference as if
fully set forth herein.
Section 2. A copy of the 2023-2028 Financial Planning Model and accompanying
Capital Improvement Program shall be kept on file electronically by the City Clerk and
accessible from the City's website in accordance with Washington State records retention
schedule requirements and City policy, and shall be made available to the public upon
request.
Section 3. The assumptions, revenues and expenditures will be reviewed and
updated biennially, or as necessary, by the City Council.
CC Legislative Development\Financial Planning Model & CIP 10-03-22
GL:AY Review and analysis by Andy Youn Page 1 of 2
Section 4. The detail of Capital Improvement Program projects will be reflected in
the published Financial Planning Model and Capital Improvement Program 2023-2028.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at
a Special Meeting thereof this 2-044' day of 1'3o\ h&be V , 2022.
ATTEST/AUTHENTICATED:
Christy 0' 'aherty, MMC, City Clerk
APPROVED AS TO FORM BY:
Office of the City Attorney
CC: Legislative Development\Financial Planning Model & CIP 10-03-22
GL:AY Review and analysis by Andy Youn
Thomas McLeod, CoLincil President
Filed with the City Clerk: 11 -22-2-2-
Passed by the City Council: 11 -2 -g -2:1 -
Resolution Number: 2-0.1
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