After three public hearings and various city meetings, Lacey City Council approved the 2023 budget, amounting to $182,069,133, with a total General Fund Budget of $64,159,814.
During the council meeting on Thursday, December 15, Finance Director Troy Woo said the 2023 budget saw a decrease of $13,365,451 from 2022, while the General Fund saw a decrease of $2,916,097 from last year’s amended budget.
The Finance Department’s report stated that the main reasons for the decrease are “lower one-time capital projects and fewer inter-fund transfers for 2023 capital projects and purchases.”
“The 2023 budget is something to be proud of,” said Woo. “This is a budget that helps preserve our investment and infrastructures… It addresses priorities and future planning for the city.”
The report stated that the 2023 budget focuses on meeting the increasing service demands as Lacey continues to grow as a city.
Based on the approved budget, the estimated revenues and appropriations for each fund and the totals for all funds combined are as follows:
|
FUND NAME |
ESTIMATED REVENUE |
ESTIMATED EXPENDITURE |
|
Current Expense Fund |
$54,845,909 |
$54,845,909 |
|
Criminal Justice Fund |
$1,452,855 |
$1,452,855 |
|
Community Center Fund |
$892,281 |
$892,281 |
|
Regional Athletic Complex |
$1,332,495 |
$1,332,495 |
|
City Street Fund |
$4,531,909 |
$4,531,909 |
|
Arterial Street Fund |
$9,944,299 |
$9,944,299 |
|
Transportation Improvement Fund |
$8,150,000 |
$8,150,000 |
|
Lodging Tax Fund |
$887,230 |
$887,230 |
|
Community Dev. Block Grant Fund |
$479 |
$479 |
|
Hicks Lake Management District |
$47,793 |
$47,793 |
|
GO Debt Fund |
$1,270,434 |
$1,270,434 |
|
LID Debt Fund |
$100,609 |
$100,609 |
|
Building Improvement Fund |
$168,241 |
$168,241 |
|
Capital Equipment Fund |
$1,104,365 |
$1,104,365 |
|
Parks & Open Space Fund |
$217,340 |
$217,340 |
|
Reg. Athletic Complex Capital |
$1,642,392 |
$1,642,392 |
|
Water Utility Fund |
$15,795,039 |
$15,795,039 |
|
Wastewater Utility Fund |
$23,266,901 |
$23,266,901 |
|
Stormwater Utility Fund |
$5,465,197 |
$5,465,197 |
|
Reclaimed Water Utility Fund |
$1,385 |
$1,385 |
|
Water Capital Fund |
$18,949,204 |
$18,949,204 |
|
Wastewater Capital Fund |
$12,525,000 |
$12,525,000 |
|
Stormwater Capital Fund |
$2,336,636 |
$2,336,636 |
|
Reclaimed Water Capital Fund |
$26,905 |
$26,905 |
|
Water Debt Fund |
$4,788,294 |
$4,788,294 |
|
Wastewater Debt Fund |
$3,196,092 |
$3,196,092 |
|
Stormwater Debt Fund |
$2,353,609 |
$2,353,609 |
|
Equipment Rental Fund |
$3,861,519 |
$3,861,519 |
|
Information Mgt. Services Fund |
$2,914,721 |
$2,914,721 |
|
TOTAL CITY OF LACEY FUNDS |
$182,069,133 |
$182,069,133 |
1 comment on this item Please log in to comment by clicking here
ejpoleii
No increase in budget from 2022? With inflation as it is? That is good news, but one wonders.
Saturday, December 24, 2022 Report this