SUMMARY FOR PUBLICATION ORDINANCE NO. 1691 CITY OF LACEY The City Council of the City of Lacey, Washington, passed on December 16, 2025, Ordinance No. 1691 entitled "AN ORDINANCE ESTABLISHING FUND BALANCE DESIGNATIONS AS PROVIDED BY GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 54 AND APPROVING A SUMMARY FOR PUBLICATION." The main points of the Ordinance are described as follows: The Ordinance rescinds Ordinance No. 1671. The Ordinance restricts amendments or modifications of committed fund balances to formal action by the City Council. The Ordinance authorizes the City Manager and Finance Director to categorize fund balances as assigned. The Ordinance commits portions of governmental fund balances. The Ordinance approves this Summary for Publication. A copy of the full text of this ordinance will be mailed without charge to any person requesting the same from the City of Lacey. IPL0299594 Dec 18 2025