Tho Kraus (253) 983-7706 • Fax (253) 589-3774 • TKraus@cityoflakewood.us
Assistant City Manager of Administrative Services, Chief Financial Officer

?option=com_content&view=article&id=34

The biennial budget document is the most important document the City produces.  It outlines the City's spending plan and priorities for the biennium which runs from January 1st of the odd number year through December 31st of the even number year.  The City is required to conduct a mid-biennial review in the first year with the formal process starting no sooner than September 1st.  Also, throughout the year the City prepares budget adjustments, referred to as the carry forward budget adjustment and year-end/housekeeping budget adjustments.  Theses budget amendments are not included in the adopted biennial budget; rather they are presented as separate documents.

The City submitted its 2015/2016 Biennial Budget document to the Government Finance Officers Association of the United States and Canada (GFOA) Distinguished Budget Presentation Award program (the City's first submittal to the award program since 2007) and received the award. The award represents a significant achievement by the City. It reflects the commitment of the governing body and staff to meeting the highest principles of governmental budgeting. In order to receive this award, the City had to satisfy nationally recognized guidelines for effective budget presentation.  These guidelines are designed to assess how well the City's budget serves as: a policy document; a financial plan; and operations guide; and a communications device. Budget documents must be rated "proficient" in all four categories and the fourteen mandatory criteria within those categories, to receive the award.  The GFOA's Distinguished Budget Presentation Awards Program is the only national awards program in governmental budget.

2017/2018 Biennial Budget

For ease of navigation, the budget document is set up with bookmarks, direct links from the table of contents, and return to table of contents on each page. If you are unable to see these navigation features, in the upper right hand corner, click on the icon "open with different viewer" then select "open with" and from the drop down menu select "Adobe Acrobat (default)".

2017-2018 Adopted Biennial Budget

2017-2018 Adopted Biennial Budget - Budget Detail by Department

Financial Policies

Adopted Financial Policies

2015/2016 Biennial Budget

2016 Carry Forward Budget Adjustment Public Hearing

2015/2016 Mid-Biennium Budget Adjustment

Municipal Finances 101 Draft

Six-Year Financial Forecast Update 9-14-2015 (Includes Revenue and Expenditure Manual)

2015 Carry Forward Budget Adjustment Public Hearing

2015/2016 Adopted Biennial Budget

Public Hearing for 2015/2016 Biennial Budgets & 2015 Property Tax Levy

2013/2014 Biennial Budget

2014 Year-end/Housekeeping 

2014 July

2014 Carry Forward 

2013/2014 Mid-Biennium 

2013/2014 Adopted Biennial Budget