Proposed Medical Lake budget would leave city in the black in 2021
Last updated 11/25/2020 at 12:56pm
MEDICAL LAKE—Budget season is in full force. While many municipalities grapple with budget shortfalls, Medical Lake’s proposed 2021 ending fund balance wouldn’t leave the city trying to operate out of a deficit.
A first reading and public hearing for the budget was held at council’s Nov. 17 meeting. The first reading was approved unanimously. No public comment was given.
The general fund would have projected revenues of $3,290,810 and expenditures of $2,465,488 for an ending fund balance of $825,322.
Other expenditures would be $734,223 from the street fund, $2,022,243 from the wa...