Budget & Capital Improvements Plan

LOTT prepares a two-part budget that includes an operating budget and a capital budget. The operating budget contains all the costs necessary to operate LOTT facilities and provide related services. The capital budget includes costs to build new facilities and upgrade, replace, or rehabilitate existing facilities. Capital costs are based on LOTT’s Capital Improvements Plan (CIP), which is divided into two sections – a detailed six-year plan for the current planning period and a summary long-term plan that extends to 2050.

 

Current Year's Budget

LOTT’s 2016 Budget and Capital improvements Plan was approved by the Board of Directors in November 2015. The Operating Budget includes $11.8 million for operations and $8.9 million for debt service. LOTT’s Capital Improvements Plan (CIP) identifies $89 million in projects anticipated through 2021. The 2016 Capital Budget is about 22% of that total, at $19.2 million.

2016 Budget and Capital Improvements Plan (PDF)

 

Proposed Budget for 2017-2018

The proposed 2017-2018 Budget and Capital Improvements Plan is now available for public review. A Public Hearing will be held on Wednesday, October 12, 2016, regarding the proposed 2017-18 Budget and Capital Improvements Plan. The Hearing will begin at 6:30 p.m. with a brief presentation, followed by public testimony. It will be held in the Board Room of the LOTT Regional Services Center, 500 Adams Street NE, Olympia, Washington. This is the first time LOTT has developed a biennial budget. The LOTT Board of Directors approved the shift to a biennial format earlier this year.

Public comment is invited at the Public Hearing on October 12, and at all LOTT Board meetings, held every second Wednesday of the month at the LOTT Regional Services Center. Questions and comments can also be directed to (360) 528-5719 or info@lottcleanwater.org.

Proposed 2017-2018 Budget and Capital Improvements Plan