Budget and Strategic Planning

We support the Mayor, City Council, and Departments by creating each biennial budget and by guiding day-to-day decision making. The Strategic Plan shows how City resources can direct us towards achieving the community's most-important goals. The adopted budget allocates funds to pay for high-priority services, programs, and projects. Each month, our detailed reports track how revenues and expenses compare to the adopted budget.

 We focus on achieving fiscal sustainability through:

  • Priority-based budgeting and strategic thinking
  • Regular analysis of financial performance
  • Assessment of City services
  • Achieving adopted financial policies(PDF, 729KB)

Our team provides professional support to the City Council Finance Committee to advance the City’s financial well-being. This work ensures that Lynnwood remains accessible, responsive and accountable.

The Government Finance Officers Association (GFOA) has granted its Distinguished Budget Presentation Award to the City of Lynnwood consecutively since 2017. GFOA presents this award to governments whose budget documents meet the GFOA's criteria as an effective policy document, a financial plan, an operations guide, and a communication device. This award signifies that Lynnwood is meeting the highest principles of government budgeting. 

The 2021-2022 Biennial Budget.   

The City Council approved the 2021-2022 Budget on November 23, 2020.  Finance staff are currently preparing the final version for publication.  When available, the final Budget document will be posted below.  In the meantime, the following documents can be used:

2021-2022 Preliminary Budget(PDF, 10MB)

The Mayor’s Preliminary Budget, issued on October 12, 2020 provides details on department’s budgets and summarizes changes to City services.  This is the document that describes how revenues are allocated to achieve the outcomes desired by the community.

Motions to amend the Preliminary Budget and adopt the Budget

The minutes of the November 23, 2020 City Council meeting provide the amendments made to the Preliminary Budget.

Ordinance 3378 Adopting the 2021-2022 Biennial Budget(PDF, 326KB)

The attachment to Ordinance 3378 is the official, adopted Budget for the years 2021 and 2022.  This document identifies revenues and expenditures by fund, but does not provide detail regarding services and outcomes.

The Capital Facilities Plan (CFP) is a planning document used to coordinate the scheduling and funding for major city projects. Each CFP covers the next 6 year period. The CFP serves as an important tool. It's used to insure that the City's Capital Facilities are maintained or developed as needed.

2021-2026 CFP(PDF, 1MB)

2020-2025 CFP(PDF, 2MB)

2019-2024 CFP(PDF, 2MB)

2017-2022 CFP(PDF, 961KB)

2016-2021 CFP(PDF, 723KB)

2015-2020 CFP(PDF, 2MB)

Ever wonder where the City spends the money? How much do we pay our employees? Who are our vendors that we pay?
 
This interactive website provides detailed information of City revenues and expenditures budget to actual. We invite you to view the information.
 
Information is available for a full budget year, or for individual transactions. Updates are done weekly to the Financial data. This information is pulled directly from our financial software program (Munis).

 

City of Lynnwood Open Finance

City of Lynnwood Finance staff and the Finance Committee publish the Financial Policies. This is necessary to protect the public's health, safety, and welfare. The safekeeping, proper use and management of public resources are our primary purpose.
 
Below are organizations used to set standards and best practices for these policies:
  • The Internal Revenue Service (IRS)
  • State Legislature
  • State Auditor's Office (SAO)
  • Department of Revenue (DOR)
  • Government Financial Officers Association (GFOA)
  • Government Accounting Standards Board (GASB)
  • Lynnwood Municipal Code (LMC). 
 
Budget staff prepare and present quarterly reports to the Finance Committee. Quarterly reports are also presented to the City Council.
 
The quarterly report consists of the following:
  • General Fund budget to actual revenues and expenditures by department
  • Monthly Cash and Investment reconciliation
  • Investment Report
  • REET I & II Funds
  • EDIF Fund
  • Other financial data
  • Summary of all funds revenues and expenditures
  • Water/Sewer/Storm Fund budget to actual revenues and expenditures

3rd Quarter Ending 9/30/2020 Financial Report(PDF, 2MB)

 2nd Quarter Ending 6/30/2020 Financial Report(PDF, 2MB)

1st Quarter Ending 3/31/2020 Financial Report(PDF, 2MB)

 4th Quarter Ending 12/31/2019 Financial Report(PDF, 2MB)

3rd Quarter Ending 9/30/2019 Financial Report(PDF, 2MB)  

2nd Quarter Ending 6/30/2019 Financial Report(PDF, 860KB)

1st Quarter Ending 3/31/2019 Financial Report(PDF, 875KB)

4th Quarter Ending 12/31/2018 Financial Report(PDF, 946KB)

3rd Quarter Ending 9/30/2018 Financial Report(PDF, 9MB)

2nd Quarter Ending 6/30/2018 Financial Report(PDF, 2MB)

1st Quarter Ending 3/31/2018 Financial Report(PDF, 7MB)

Where should the City focus its resources? Which municipal services and projects are the most important? How can our limited funds achieve the most good?
Our strategic planning helps to answer these tough questions so that all work groups support our goals. Our strategic thinking helps us stay both focused and nimble when dealing with new challenges and opportunities.
The Lynnwood Community Vision was developed by a group of Lynnwood residents and it helps define our mission and values.

The Lynnwood Community Vision states that The City of Lynnwood will be a regional model for a sustainable, vibrant community with engaged citizens and an accountable government. 

To read the full vision statement, visit Visioning Lynnwood.

Lynnwood's Strategic Plan(PDF, 2MB) identifies our five highest priorities for near-term years:

  1. Fulfill the community vision for the City Center and Lynnwood Link light rail.
  2. Ensure financial stability and economic success.
  3. Nurture operational and organizational excellence.
  4. Be a safe, welcoming, and livable city.
  5. Pursue and maintain collaborative relationships and partnerships.

 Have a suggestion or idea?  Email our Strategist with your thoughts!