October 22, 2013
The Issaquah City Council dove into the mayor’s proposed budget Oct. 14 and brought large questions about the use of ending fund balances.
While the majority of remarks made in the first televised meeting of budget season from the council concerned relatively small matters, members called into question the matter of pulling money out of the ending fund balance in order to correct over-spending or lack of revenue in individual departments.
According to the mayor’s budget, fiscal year 2012 had a beginning fund balance of $8.77 million in the general fund. In 2013, there was a beginning fund balance of $8.15 million. Next year has a budget of $7.97 million in its beginning fund balance and an expected ending fund balance of $7.55 million. This is compared with general fund expenditures that have risen by almost $5 million since 2012.