Budget & Finance Committee February 27 2026

The Tumwater, WA City Government Budget & Finance Committee met on February 27, 2026, to review the city's financial status and budget performance for 2025. The meeting included approval of prior meeting minutes and a detailed financial update presented by the finance staff. Key procurement-related discussions focused on budget-to-actual comparisons across various revenue streams such as sales tax, property tax, utility tax, and lodging tax, with notable underspending in departmental expenditures leading to significant budget savings. The committee discussed the impact of these savings on the city's fund balance, highlighting that no reserves were drawn down in 2025, which positively affects the city's fiscal outlook and delays the anticipated fiscal cliff. The presentation also covered capital projects in utility funds, including water and sewer infrastructure, noting that some projects are debt-financed and have not yet commenced. The committee planned to continue monitoring revenues and expenditures closely, with upcoming presentations scheduled for the city council retreat and work sessions. No specific contract awards, RFPs, or vendor selections were discussed during this meeting. The committee also confirmed the schedule for future meetings.