The AWC Board of Directors adopted the AWC 2024 operating budget at its December 7, 2023 meeting. Read a synopsis of the budget below.
The enacted 2024 operating budget positions AWC to:
- Work towards the Board of Directors’ mission, vision, and values;
- Achieve the goals contained in the board-adopted strategic plan and other board-directed projects and priorities;
- Support the work of AWC’s separate legal entities; and
- Continue to deliver outstanding services to Washington’s 281 cities and towns.
Budgeted income is 2.2% higher than the 2023 level. This Increase is driven by strong membership in AWC programs and in AWC separate legal entities (Trust and RMSA), continued work on a state agency contract (Washington State Health Care Authority alternative response grants), and modest projected growth in city membership fee and registration revenue for conferences and events.
AWC city membership fees are based on a city’s population, as estimated by the Office of Financial Management (OFM), multiplied by a rate that is adjusted annually by the rate of change in the state and local government component of the Implicit Price Deflator (IPD). The IPD for membership fees in 2024 is 1.63%, and the AWC Board took action at its September 2023 meeting to adopt this rate change in accordance with policy. In aggregate, city membership fees will increase 3.1% and continue to be about 20% of total income.
Budgeted expenses track income with a 1.8% increase, year-over-year. Member Pooling Program administration continues to represent the largest share of expenditures at 56%. Member Services is at 21%, and Government Relations is at 21%. Included in those totals are expenses for general administration and finance, information services, and communications, which are charged back to AWC programs on the FTE share basis.
Read this summary of the table below:
- 2024 operating budget income is $16,629,500, which is $361,300 (2.2%) more than the 2023 adopted budget.
- 2024 proposed expenses are $16,555,200, which is $296,000 (1.8%) greater than the 2023 adopted budget.
- Net income is projected to be $74,300.
AWC budgeted income and operating expenses |
|---|
| 2023 | 2024 | $ change | % change |
Income | 16,268,200 | 16,629,500 | 361,300 | 2.2% |
Expenditures | 16,259,200 | 16,555,200 | 296,000 | 1.8% |
Net Income | $9,000 | $74,300 | $65,300 | 725.6% |
Visit our about us page for more information in our annual reports, strategic plan, and other governing documents.