Jacob Dimond \/ jake@yelmonline.com<\/p>\n
Though no official action was taken, Stephanie Nanavich, Yelm finance director, presented the first reading of the city\u2019s mid-biennium budget in a public hearing during a Yelm City Council meeting on Tuesday, Nov. 12.<\/p>\n
Per RCW 35A.34.130, the City of Yelm is required to review and adopt a mid-biennium budget adjustment no later than Dec. 31, 2025. <\/p>\n
During the meeting, Nanavich told council members that numbers in the mid-biennium will continue to change as the City of Yelm continues to narrow down its estimates in the budget. <\/p>\n
\u201cWe are required to do this mid-biennium budget review. We\u2019ve had some discussions already,\u201d Nanavich said. \u201cSome of the bigger items, as you know, we settled all of our contracts by the beginning of this year. We will be having some salary and benefit adjustments because when we did the original budget, we were working on estimates. Now that we have known figures, we can shore up those numbers.\u201d<\/p>\n
Nanvich highlighted some of the items in the 2025-26 mid-biennium budget and said the City of Yelm will have additional costs from the police academy now that the city is \u201cpaying more of that cost themselves.\u201d She noted this is about $15,000 per year. <\/p>\n
Additionally, the City of Yelm will remove a line item in relation to the Water Reclamation Facility (WRF) until 2027, when its payments are due. According to Nanavich, the city must complete the project before the Department of Ecology asks for the loan to be repaid. <\/p>\n
\u201cWe thought the Department of Ecology loan for the WRF, that we\u2019d have to start paying that this year. Come to find out we won\u2019t have to start paying principal interest on that loan until 2027, and so we\u2019re going to remove those line items from the 2025-26 mid-biennium budget,\u201d Nanavich said. <\/p>\n
Councilor Tracey Wood asked Nanavich if the city was already budgeted to begin making payments on that loan, and if it would be a better idea to begin making those payments now to avoid \u201cadditional interest\u201d it would have to pay by pushing payments back. <\/p>\n
\u201cThe problem is we don\u2019t have the final loan amounts. They haven\u2019t calculated our amortization schedule for that loan yet,\u201d Nanavich said. \u201cThey\u2019ve given us some preliminary ones but we don\u2019t have the final, so we don\u2019t have the numbers to start paying it. Honestly, Department of Ecology would probably say, \u2018no, we\u2019re not taking that yet because it\u2019s not due.\u2019\u201d <\/p>\n
She added that there are several capital projects that began in 2025 but weren\u2019t completed, and will rollover into 2026. <\/p>\n
\u201cThere\u2019s not a whole lot of brand new capital projects,\u201d Nanavich said. \u201cProbably the Veterans Memorial Park if we get funding lined up for that. You\u2019ll see that start happening, if there\u2019s some movement on that, in 2026.\u201d<\/p>\n
The mid-biennium budget will be brought back before council and the community for a second reading and a second public hearing. Nanavich noted she\u2019ll present more current changes during that reading.<\/p>\n","protected":false},"excerpt":{"rendered":"Jacob Dimond \/ jake@yelmonline.com Though no official action was taken, Stephanie Nanavich, Yelm finance director, presented the first…\n","protected":false},"author":2,"featured_media":60546,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[128,130,129],"class_list":{"0":"post-60545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-reading","8":"tag-reading-city","9":"tag-reading-city-headlines","10":"tag-reading-city-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/60545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=60545"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/60545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/60546"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=60545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=60545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=60545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}