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HomeMy WebLinkAboutFY 2024 Annual ReportCity of Port Orchard RMI, I Annual Report For Fiscal Year Ended December 31, 2024 MCAG No. 0455 Submitted pursuant to RCW 43.09.230 to the STATE AUDITOR'S OFFICE City of Port Orchard Fund Resources and Uses Arising from Cash Transactions For the Year Ended December 31, 2024 Beginning Cash and Investments 308 Beginning Cash and Investments 388 / 588 Net Adjustments Revenues 310 Taxes 320 Licenses and Permits 330 Intergovernmental Revenues 340 Charges for Goods and Services 350 Fines and Penalties 360 Miscellaneous Revenues Total Revenues: Expenditures 510 General Government 520 Public Safety 530 Utilities 540 Transportation 550 Natural/Economic Environment 560 Social Services 570 Culture and Recreation Total Expenditures: Excess (Deficiency) Revenues over Expenditures: Other Increases in Fund Resources 391-393, 596 Debt Proceeds 397 Transfers -In 385 Special or Extraordinary Items 381, 382, 389, Other Resources 395,398 Total Other Increases in Fund Resources: Other Decreases in Fund Resources 594-595 Capital Expenditures 591-593, 599 Debt Service 597 Transfers -Out 585 Special or Extraordinary Items 581, 582, 589 Other Uses Total Other Decreases in Fund Resources: Increase (Decrease) in Cash and Investments: Ending Cash and Investments 50821 Nonspendable 50831 Restricted 50841 Committed 50851 Assigned 50891 Unassigned Total Ending Cash and Investments The accompanying notes are an integral part of this statement. Total for All 104 Special Funds 103 Criminal Investigative (Memo Only) 001 General Justice Unit 94,128,061 24,452,625 752,331 101,905 18,255,311 15,812,620 397,315 1,707,412 1,691,462 - - 2,328,848 896,927 59,717 29,301,119 827,626 - - 190,898 106,415 - - 5,154,936 1,497,108 34,869 4,519 56,938,524 20,832,158 491,901 4,519 4,992,239 4,447,786 - - 6,461,638 5,869,328 591,982 328 10,390,490 - - - 3,590,223 2,640,840 - - 2,985,690 2,862,647 - - 57,639 57,639 - - 885,867 885,867 - - 29,363,786 16,764,107 591,982 328 27,574,738 4,068,051 (100,081) 4,191 14,294,843 - - - 5,123,618 - - - 450,566 55,869 19,869,027 55,869 - - 32,647,283 88,847 - 2,200,129 95,686 75,424 - 5,123,618 2,219,568 - - 378,588 16,588 - - 40,349,618 2,420,689 75,424 - 7,094,147 1,703,231 (175,505) 4,191 22,841,320 2,120,978 576,826 91,806 30,094 30,094 - - 57,048,982 2,702,972 - 14,290 21,301,812 21,301,812 - - 101,222,208 26,155,856 576,826 106,096 City of Port Orchard Fund Resources and Uses Arising from Cash Transactions For the Year Ended December 31, 2024 Beginning Cash and Investments 308 Beginning Cash and Investments 388 / 588 Net Adjustments Revenues 310 Taxes 320 Licenses and Permits 330 Intergovernmental Revenues 340 Charges for Goods and Services 350 Fines and Penalties 360 Miscellaneous Revenues Total Revenues: Expenditures 510 General Government 520 Public Safety 530 Utilities 540 Transportation 550 Natural/Economic Environment 560 Social Services 570 Culture and Recreation Total Expenditures: Excess (Deficiency) Revenues over Expenditures: Other Increases in Fund Resources 391-393, 596 Debt Proceeds 397 Transfers -In 385 Special or Extraordinary Items 381, 382, 389, Other Resources 395,398 Total Other Increases in Fund Resources: Other Decreases in Fund Resources 594-595 Capital Expenditures 591-593, 599 Debt Service 597 Transfers -Out 585 Special or Extraordinary Items 581, 582, 589 Other Uses Total Other Decreases in Fund Resources: Increase (Decrease) in Cash and Investments: Ending Cash and Investments 50821 Nonspendable 50831 Restricted 50841 Committed 50851 Assigned 50891 Unassigned Total Ending Cash and Investments The accompanying notes are an integral part of this statement. 206 Bond 107 Community 108 Paths & 111 Impact Redemption Events Trails Mitigation Fee Fund 393,879 15,811 8,124,688 100,015 177,476 - - - 1,299 - - - 4,642,562 - 24,072 879 481,412 15,767 201,548 2,178 5,123,974 15,767 - - 544,453 - - - 238,979 - 123,043 - - - 123,043 783,432 78,505 2,178 4,340,542 15,767 - - - 1,395,642 1,395,642 - - - 994,053 1,250,504 - 1,250,504 78,505 2,178 3,090,038 472,384 17,989 11,214,726 472,384 17,989 11,214,726 994,053 417,356 517,371 517,371 City of Port Orchard Fund Resources and Uses Arising from Cash Transactions For the Year Ended December 31, 2024 Beginning Cash and Investments 308 Beginning Cash and Investments 388 / 588 Net Adjustments Revenues 310 Taxes 320 Licenses and Permits 330 Intergovernmental Revenues 340 Charges for Goods and Services 350 Fines and Penalties 360 Miscellaneous Revenues Total Revenues: Expenditures 510 General Government 520 Public Safety 530 Utilities 540 Transportation 550 Natural/Economic Environment 560 Social Services 570 Culture and Recreation Total Expenditures: Excess (Deficiency) Revenues over Expenditures: Other Increases in Fund Resources 391-393, 596 Debt Proceeds 397 Transfers -In 385 Special or Extraordinary Items 381, 382, 389, Other Resources 395,398 Total Other Increases in Fund Resources: Other Decreases in Fund Resources 594-595 Capital Expenditures 591-593, 599 Debt Service 597 Transfers -Out 585 Special or Extraordinary Items 581, 582, 589 Other Uses Total Other Decreases in Fund Resources: Increase (Decrease) in Cash and Investments: Ending Cash and Investments 50821 Nonspendable 50831 Restricted 50841 Committed 50851 Assigned 50891 Unassigned Total Ending Cash and Investments The accompanying notes are an integral part of this statement. 302 Capital 304 Street 309 Real Estate Construction Capital Projects Excise Tax 411 Water Utility 7,895,079 2,152,920 6,067,090 13,720,474 - - 1,867,900 - 33,403 1,265,715 - - - - 5,585,844 - - - 33,206 330,880 194,563 242,083 802,329 364,283 1,460,278 2,109,983 6,421,379 - - - 3,600,241 - - - 3,600,241 364,283 1,460,278 2,109,983 2,821,138 - - - 3,690,375 2,140,324 1,544,548 - - - - 7,098 2,140,324 1,544,548 - 3,697,473 8,831,710 4,205,634 5,908,005 - - - 683,214 1,653,546 - 8,831,710 4,205,634 1,653,546 6,591,219 (6,327,103) (1,200,808) 456,437 (72,608) 1,264,404 41,309 6,523,527 - 303,572 910,803 - 13,647,866 1,567,976 952,112 6,523,527 13,647,866 City of Port Orchard Fund Resources and Uses Arising from Cash Transactions For the Year Ended December 31, 2024 Beginning Cash and Investments 308 Beginning Cash and Investments 388 / 588 Net Adjustments Revenues 310 Taxes 320 Licenses and Permits 330 Intergovernmental Revenues 340 Charges for Goods and Services 350 Fines and Penalties 360 Miscellaneous Revenues Total Revenues: Expenditures 510 General Government 520 Public Safety 530 Utilities 540 Transportation 550 Natural/Economic Environment 560 Social Services 570 Culture and Recreation Total Expenditures: Excess (Deficiency) Revenues over Expenditures: Other Increases in Fund Resources 391-393, 596 Debt Proceeds 397 Transfers -In 385 Special or Extraordinary Items 381, 382, 389, Other Resources 395,398 Total Other Increases in Fund Resources: Other Decreases in Fund Resources 594-595 Capital Expenditures 591-593, 599 Debt Service 597 Transfers -Out 585 Special or Extraordinary Items 581, 582, 589 Other Uses Total Other Decreases in Fund Resources: Increase (Decrease) in Cash and Investments: Ending Cash and Investments 50821 Nonspendable 50831 Restricted 50841 Committed 50851 Assigned 50891 Unassigned Total Ending Cash and Investments The accompanying notes are an integral part of this statement. 500 Equipment 421 Storm 431 Sewer Rental and Drainage Utility Utility Revolving 2,557,380 24,009,677 3,784,187 15,950 - - - 71,787 - 2,890,855 11,410,930 3,943,302 24,278 26,999 - 140,249 1,155,744 230,462 3,071,332 12,665,460 4,173,764 1,501,670 5,288,579 - - - 710,404 1,501,670 5,288,579 710,404 1,569,662 7,376,881 3,463,360 - 10,604,468 - 43,104 - - 799 365,167 21,633 43,903 10,969,635 21,633 53,998 11,778, 538 1,780, 551 244,064 107,688 - 200 361,800 - 298,262 12,248,026 1,780,551 1,315,303 6,098,490 1,704,442 3,872,683 30,108,167 5,488,629 3,872,683 30,108,167 5,488,629 City of Port Orchard Fiduciary Fund Resources and Uses Arising from Cash Transactions For the Year Ended December 31, 2024 Custodial 308 Beginning Cash and Investments 27 388 & 588 Net Adjustments - 310-390 Additions 96,763 510-590 Deductions 96,602 Net Increase (Decrease) in Cash and 161 Investments: 508 Ending Cash and Investments 188 The accompanying notes are an integral part of this statement. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 Note 1-Summary of Significant Accounting Policies The City of Port Orchard was incorporated on September 1, 1890 and operates under the laws of the state of Washington applicable to a city. The City is a general-purpose local government and provides public safety, street improvement, park and recreation, and general administrative services. In addition, the City owns and operates a water, sewer, and storm drainage system. The City reports financial activity in accordance with the Cash Basis Budgeting, Accounting and Reporting System (BARS) Manual prescribed by the State Auditor's Office under the authority of Washington State law, Chapter 43.09 RCW. This manual prescribes a financial reporting framework that differs from generally accepted accounting principles (GAAP) in the following manner: • Financial transactions are recognized on a cash basis of accounting as described below. • Component units are required to be disclosed, but are not included in the financial statements. • Government -wide statements, as defined in GAAP, are not presented. • All funds are presented, rather than a focus on major funds. • The Schedule of Liabilities is required to be presented with the financial statements as supplementary information. • Supplementary information required by GAAP is not presented. • Ending balances for proprietary and fiduciary funds are presented using classifications that are different from the ending net position classifications in GAAP. A. Fund Accounting Financial transactions of the government are reported in individual funds. Each fund uses a separate set of self -balancing accounts that comprises its cash and investments, revenues and expenditures. The government's resources are allocated to and accounted for in individual funds depending on their intended purpose. Each fund is reported as a separate column in the financial statements, except for fiduciary funds, which are presented by fund types. The total column is presented as "memo only" because any interfund activities are not eliminated. The following fund types are used: General Fund This fund is the primary operating fund of the government. It accounts for all financial resources except those required or elected to be accounted for in another fund. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 Special Revenue Funds These funds account for specific revenue sources that are restricted or committed to expenditures for specified purposes of the government. Special Investigative Unit Fund 1.04 was created to account for monies and property seized during drug investigations per RCW 69.50.505. Monies paid into the fund are to be used by the Police Department for drug enforcement purposes. Community Events Fund 1.07 is where monies received from Hotel/Motel Transient (Stadium) Tax per RCW 67.28 are accounted. These monies are to be used solely for the purpose of paying all or any part of the cost of tourism promotion and acquisition or operation of tourism related facilities. The Paths & Trails Fund 108 is used to account for a portion of the Motor Vehicle Fuel tax that is used to maintain paths and trails for pedestrians, equestrians or bicyclists as part of streets, roads & highways. As required by RCW 47.30.030, no less than 0.42 percent of the total amount of funds received will be placed into this fund. The Impact Fee Fund 111 accounts for Impact Fees collected on building permits within the City. Impact Fees are charged for parks, transportation, and schools. Impact fee expenditures for system improvements are expended only in conformance with the capital improvement plan. Debt Service Funds These funds account for the financial resources that are restricted, committed, or assigned to expenditures for principal, interest and related costs on general long-term debt. The Bond Redemption Fund 206 this is a debt service fund for the purpose of paying general fund bond debt. Capital Projects Funds These funds account for financial resources which are restricted, committed, or assigned for the acquisition or construction of capital facilities or other capital assets. Capital Construction Fund 302 is used for the acquisition or construction of major capital facilities (other than those financed by proprietary funds and trust funds). This fund accounts for grant funding and transfers from other funds (i.e. REET Fund 109, Impact Fee Fund 111) which provide cash flow to complete the projects. The Street Capital Projects Fund 304 is used to monitor revenues and expenditures for Street capital projects. Revenues include street related grant funding and transfers in from REST or Impact Fee Funds. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 Real estate excise tax (REET) Fund 309 is used to account for the receipt of REET levied on all sales of real estate. RCW 82.46 funding must be used for capital projects identified in the capital facilities plan of the City's comprehensive plan. PROPRIETARY FUND TYPES: Enterprise Funds These funds account for operations that provide goods or services to the general public and are supported primarily through user charges. The Water Utility Fund 411 is used to account for the operation, maintenance, repair, capital construction, and debt service for the water utility service within Port Orchard. The Storm Drainage Utility Fund 421 is used to account for the operation, maintenance, repair, capital construction, and debt service for the storm drainage and surface water management system within Port Orchard. The Sewer Utility Fund 431 is used to account for the operation, maintenance, repair, capital construction, and debt service for the sewer utility service within Port Orchard. Internal Service Funds These funds account for operations that provide goods or services to other departments or funds of the government on a cost reimbursement basis. The Equipment Rental and Revolving Fund 500 is used for the repair, replacement, purchase and operation of vehicles and equipment to be used throughout the City. FIDUCIARY FUND TYPES: Fiduciary funds account for assets held by the government in a trustee capacity or as a custodian on behalf of others. Custodial Funds These funds are used to account for assets that the government holds on behalf of others in a custodial capacity. The Trust and Agency Fund 631 collects fees which the finance director, acting as an intermediary depositary, shall distribute to the proper agencies on a regular and timely basis. Examples of fees include but are not limited to state court fines, county crime victim fines, state building code fees, state concealed pistol licenses and background checks. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 B. Basis of Accounting and Measurement Focus Financial statements are prepared using the cash basis of accounting and measurement focus. Revenues are recognized when cash is received and expenditures are recognized when paid. In accordance with state law the City also recognizes expenditures paid during twenty days after the close of the fiscal year for claims incurred during the previous period. C. Cash and Investments It is the City's policy to invest all temporary cash surpluses. The interest on these investments is prorated to the various funds. For further information see Note 3 — Deposits and Investments. D. Capital Assets Capital assets are assets with an initial individual cost of more than $5,000 and an estimated useful life in excess of one year. Capital assets and inventory are recorded as capital expenditures when purchased. E. Compensated Absences Vacation leave may be accumulated up to 320 hours at year end for non -represented employees and 240 hours at year end for Teamsters represented employees. Vacation leave is payable up to 240 hours upon separation or retirement of an employee. LEOFF II employees' (excluding management) vacation leave may be accumulated up to 320 hours and up to 240 hours is payable in cash upon separation or retirement while the remaining 80 hours are payable to the employee's respective medical health retirement/voluntary employee's beneficiary association account (HRA/VEBA). Sick leave may be accumulated up to 960 hours at year end and for all employees except LEOFF II employees. Upon separation or retirement employees do not receive payment for unused sick leave except LEOFF II employees. LEOFF II employees' (excluding management) sick leave may be accumulated up to 1040 hours and up to 400 hours is payable upon separation or retirement to the employee's respective medical health retirement/voluntary employee's beneficiary association account (HRANEBA). LEOFF II employees (excluding management) earn 120 hours holiday leave annually and may carry over 96 hours at year end. Holiday leave is payable upon separation or retirement up to 96 hours. Payments are recognized as expenditures when paid. F. Liabilities See Note 5- Long -Term Liabilities, Note 8- OPEB Plans, and Note 9-Pension Plans. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 G. Leases and Subscription Based Information Technology Arrangements (SBITA) Leases are reported as liabilities if the total payments over the life of the lease is more than $10,000. SBITAs are reported as liabilities if the total payments over the life of the SBITA is more than $10,000. For more information see Note 6 — Leases and Note 7 — SBITA. H. Restricted and Committed Portion of Ending Cash and Investments Beginning and Ending Cash and Investments are reported as restricted or committed when it is subject to restrictions on use imposed by external parties or due to internal commitments established by ordinance. When expenditures that meet restrictions are incurred, the City intends to use the most restricted resources first. Restrictions and commitments of Ending Cash and Investments consist of $22,871,414. Cash & Investments Purpose Amount Restricted Affordable Housing $ 180,966 Restricted 2021 Legislative Law Enforcement Funding 25,967 Restricted PCB Settlement 17,984 Restricted Opoid Settlement 150,671 Restricted Public Transportation Projects 1,745,390 Restricted Criminal Justice 576,826 Restricted _ Law Enforcement Investigations 91,806 Restricted Tourism 472,384 Restricted Paths &Trails 17,989 Restricted Capital Projects 517,371 Restricted Capital Projects 6,523,527 Restricted Parks Projects 3,916,725 Restricted Transportation Projects 6,847,926 Restricted Anderson Hill Roundabout Project 86,184 Restricted Old Clifton/Anderson Hill Intersection Improvement Project 363,891 Restricted LTGO Bond Proceeds 1,193,718 Restricted Givens Park Sport Court Remodel Project 57,752 Restricted SK Community Events Center Project 12,934 Restricted Blueberry/Bethel Roundabout Project 41,309 Committed Recreational Programs, Activities, or Capital Projects _ 30,094 Total $ 22,871,414 i Note 2 — Budget Compliance A. Budgets The City of Port Orchard adopts biennial appropriated budgets for all funds. These budgets are appropriated at the fund level. The budget constitutes the legal authority for expenditures at that level. Biennial appropriations for these funds lapse at the end of biennial period. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 Biennial appropriated budgets are adopted on the same basis of accounting as used for financial reporting. The appropriated and actual expenditures for the legally adopted budgets were as follow: rU11U. VV 1 - UU11UHt r-APUMSU '.. Y 4/,3/4,LVV .y 14,OGJ, IG4 .➢ IO,OI I,OOL .y IO,LJy,Jy4 Fund: 002 - City Street Fund 9,585,300 2,532,666 2,707,678 4,344,957 Fund: 003 - Stabilization Fund 2,921,000 - - 2,921,000 Total General Fund $ 59,880,500 $ 17,055,790 $ 19,319,360 $ 23,505,350 Fund: 103 - Criminal Justice 1,422,800 381,294 667,406 374,099 Fund: 104 - Special Investigative Unit 106,900 300 328 106,272 Fund: 107 - Community Events 549,200 111,234 123,043 314,923 Fund: 108 - Paths & Trails 15,800 - - 15,800 Fund: 109 - Real Estate Excise Tax 8,015,800 797,198 1,653,546 5,565,056 Fund: 111 - Impact Mitigation Fee 16,181,800 2,239,287 2,033,936 11,908,576 Fund: 206 - Bond Redemption Fund 1,797,400 299,652 994,053 503,694 Fund: 302 - Capital Construction 22,886,300 6,084,131 8,831,710 7,970,459 Fund: 304 - Street Capital Projects 18,789,350 1,521,656 4,205,634 13,062,060 Water Utility Fund: Fund: 411 - Water Operating 12,271,900 3,712,492 6,189,322 2,370,086 Fund: 412 - Water Stabilization 1,066,500 - 1,066,500 Fund: 413 - Water Capital 23,227,050 2,450,473 5,795,589 14,980,988 Fund: 414 - Water Debt Service 3,096,300 663,039 794,011 1,639,250 Total Water Utility Fund $ 39,661,750 $ 6,826,003 $ 12,778,922 $ 20,056,824 Storm Drainage Utility Fund: Fund: 421 - Storm Drainage Utility 5,030,900 1,765,517 1,841,829 1,423,554 Fund: 422 - Storm Drainage Stabilization 543,000 - - 543,000 Fund: 423 - Storm Drainage Capital Facil 943,200 555,793 44,361 343,046 Fund: 424 - Storm Drainage Debt Service 398,400 177,877 219,861 662 Total Storm Drainage Utility Fund $ 6,915,500 $ 2,499,186 $ 2,106,052 $ 2,310,262 Sewer Utility Fund: Fund:431 -Sewer Operating 17,306,100 4,702,327 6,119,874 6,483,899 Fund: 432 - Sewer Stabilization 1,546,300 - - 1,546,300 Fund: 433 - Sewer Capital 31,207,200 1,782,220, 11,821,185 17,603,795 Fund: 434 - Sewer Debt Service 1,927,200 17,346 83,485 1,826,369 Fund: 632 - Wastewater Treatment Facility Fee 10,334,900 563,600 561,800 9,209,500 Total Sewer Utility Fund $ 62,321,700 $ 7,065,494 $ 18,586,344 $ 36,669,863 Fund: 500 - Equipment Rental and Revolving 9,520,300 1,694,296 2,490,955 5,335,050 Fund 109 Real Estate Excise Tax (above) is reported on the financial statements as Fund 309 Real Estate Excise Tax. The City adopts budgets for Fund 001 Current Expense, Fund 002 City Street Fund, and Fund 003 Stabilization Fund, these funds are not reported separately on the financial statements, but in the General Fund 001. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 The City adopts budgets for Fund 411 Water Operating, Fund 412 Water Stabilization, Fund 413 Water Capital, and Fund 414 Water Debt Service Fund, these funds are not reported separately on the financial statements, but in the Water Utility Fund 411. The City adopts budgets for Fund 421 Storm Drainage Utility, Fund 422 Storm Drainage Stabilization, Fund 423 Storm Drainage Capital Facility, and Fund 424 Storm Drainage Debt Service Fund, these funds are not reported separately on the financial statements, but in the Storm Drainage Utility Fund 421. The City adopts budgets for Fund 431 Sewer Operating, Fund 432 Sewer Stabilization, Fund 433 Sewer Capital, Fund 434 Sewer Debt Service Fund and Fund 632 Wastewater Treatment Facility Fee Fund these funds are not reported separately on the financial statements, but in the Sewer Utility Fund 431. Budgeted amounts are authorized to be transferred between departments within any fund; however, any revisions that alter the total expenditures of a fund, or that affect the number of authorized employee positions, salary ranges, hours, or other conditions of employment must be approved by the City's legislative body. Note 3—Deposits and Investments Investments are reported at amortized cost. Deposits and investments by type at December 31, 2024 are as follows: It is the City's policy to invest all temporary cash surpluses. The interest on these investments is prorated to the various funds. Investments in the State Local Government Investment Pool (LGIP) The City is a voluntary participant in the Local Government Investment Pool, an external investment pool operated by the Washington State Treasurer. The pool is not rated and not registered with the SEC. Rather, oversight is provided by the State Finance Committee in accordance with Chapter 43.250 RCW. Investments in the LGIP are reported at amortized cost, which is the same as the value of the pool per share. The LGIP does not impose any restrictions on participant withdrawals. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 The Office of the State Treasurer prepares a stand-alone financial report for the pool. A copy of the report is available from the Office of the State Treasurer, PO Box 40200, Olympia, Washington 98504-0200, online at www.tre.wa.gov. Investments in Kitsap County Investment Pool The City is a voluntary participant in the Kitsap County Investment Pool, an external investment pool operated by the County Treasurer. The pool is not rated or registered with the SEC. Rather, oversight is provided by the County Finance Committee in accordance with RCW 36.48.070. The City reports its investment in the pool at fair value, which is the same as the value of the pool per share. The KCIP does not impose liquidity fees or redemption gates on participant withdrawals. Custodial Credit Risk Custodial credit risk for deposits is the risk that, in event of a failure of a depository financial institution, the City would not be able to recover deposits or would not be able to recover collateral securities that are in possession of an outside party. The City's deposits and certificates of deposit are mostly covered by federal depository insurance (FDIC) or by collateral held in a multiple financial institution collateral pool administered by the Washington Public Deposit Protection Commission (PDPC). All investments are insured, registered or held by the City or its agent in the government's name. Compensating Balances The amounts reported as cash and cash equivalents also include compensating balances maintained with certain banks in lieu of payments for services rendered. The average compensating balance maintained during 2024 was approximately $3,733,115. Note 4 - Property Tax The county treasurer acts as an agent to collect property tax levied in the county for all taxing authorities. Collections are distributed at the end of each month. Property Tax Calendar January 1 Tax is levied and becomes an enforceable lien against the properties. February 14 Tax bills are mailed April 30 First of two equal installment payments are due May 31 Assessed value of property established for next year's levy at 100 percent of market value. October 31 Second installment is due Property tax revenues are recognized when cash is received by the City. Delinquent taxes are considered fully collectible because a lien affixes to the property after tax is levied. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 The City's regular levy for the year 2024 was $1.072807 per $1,000 on an assessed valuation of $3,443,682,394 for a total regular levy of $3,694,410. Washington State Constitution and Washington State law, RCW 84.55.010, limit the rate. Note 5 — Lona-Term Liabilities The following table provides details of the outstanding debt of the City and summarizes the City's debt transactions for year ended December 31, 2024. The debt service requirements for general obligation bonds and intergovernmental loans are as follows: Due Date Principal Amount Interest Amount Total Amount 2025 $ 1,719,571 $ 796,109 $ 2,515,680 2026 1,749,870 638,148 2,388,018 2027 1,770,176 606,492 2,376,668 2028 1,800,490 573,973 2,374,463 2029 1,830,811 540,238 2,371,049 2030-2034 8,516,470 2,161, 805 10, 678, 275 2035-2039 7,059,604 1,313,111 8,372,715 2040-2044 5,551,555 424,193 5,975,748 2045-2049 1,844,189 22,110 1,866,299 2050-2054 1,844,188 22,110 1,866,298 Grand Total $ 33,686,924 $ 7,098,289 $ 40,785,213 Compensated Absences During the year ended December 31, 2024, the following changes occurred in compensated absences: Beginning Additions Reductions Ending Balance' Balance 12/3112024 01/01/2024 Compensated Absences* $ 906,067 $ 747,524 $ 1,653,591 The City has entered into agreements for the following loans with no activity to report for Fiscal Year 2024: Maturity Contract Payment Total Loan Number Description Project Interest Rate Due Date Amount Bay Street Lift Station- 028-24 Public Works Board Preconstruction 0.69% 10/4/2028 $ 850,000 083-24 1 Drinking Water State Revolving Fund Loan lWell No. 7-Preconstruction 0.00% 10/1/2034 $ 510,000 CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 Note 6 — Leases The City leases a storage building from the State Military Department for $996.19 per month under a lease agreement that is for 3 years. The lease began April of 2022 and will end March of 2025 and can be cancelled with 90 days' notice. The City leases office space from Hillstrom Holdings for $3,672 per month under two lease agreements with an initial term of three years. These leases began January of 2023 and will end December of 2025. There is an option to be renewed twice for an additional three years each time ending in December of 2031. The City leases body cameras and lasers from Axon Enterprises for $75,424 per year under a lease agreement with an initial term of five years from 2022 to 2026. This lease was renegotiated in 2024 and the existing lease was terminated. The City entered into a new lease agreement for a term of five years for 2025 to 2030. The total amount paid for leases in 2024 was $131,355. As of December 31, 2024, the future lease payments are as follows: Year ended December 31 Total 2025 $ 130,134 2026 119,615 2027 120,532 2028 121,467 2029 122,421 2030-2031 100,239 Total $ 714,408 Note 7 — Subscription Based Information Technolo2y Arrangements (SBITA) The City made an annual subscription payment of $8,025 in 2024 for agenda management software. The SBITA contract began in 2023 has a term for three years and includes an option to extend automatically in 12-month terms unless either party chooses to terminate. The lease amount increases by 7% each year. The City made an annual subscription payment of $15,000 in 2024 for online permitting software. The SBITA contract began in 2022 has an initial term for three years and includes an option to extend automatically in 12-month terms unless either party chooses to terminate. The City made an annual subscription payment of $20,590 in 2024 for permitting software. The SBITA contract began in 2022 has a term for three years. In 2024, the contract was extended for another three year term and now has a term expiration date of December 31, 2028. The agreement CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 includes an option to extend automatically in 12-month terms unless either parry chooses to terminate. The City made an annual subscription payment of $68,749 in 2024 for asset management software. The SBITA contract began in 2024 has a term for three years and ends January 31, 2027. The City entered into an agreement for Automated Meter Reading Interface software in 2024. The SBITA contract began in 2024 has an initial term for five years and there is an option to be renewed once for an additional five years ending in 2034. The total amount paid for leases in 2024 was $112,364. As of December 31, 2024, the future SBITA payments are as follows: Year ended December 31 Total 2025 $ 123,561 2026 125,922 2027 52,254 2028 55,393 2029 28,928 2030-2034 144,641 Total $ 530,699 Note 8 — OPEB Plans The LEOFF I Retiree Medical Plan is a closed, single -employer, defined -benefit OPEB plan administered by the City as required by RCW 41.26. The plan pays for 100% of eligible retirees' healthcare costs on a pay-as-you-go basis. As of December 31, 2024, the plan had three members, all retirees. As of December 31, 2024, the City's total OPEB liability was $1,538,338 as calculated using the alternative measurement method. For the year ended December 31, 2024 the City paid $33,317 in benefits. Note 9 — Pension Plans A. State Sponsored Pension Plans Substantially all City's full-time and qualifying part-time employees participate in the following statewide retirement systems administered by the Washington State Department of Retirement Systems (DRS), under cost -sharing, multiple -employer public employee defined benefit and defined contribution retirement plans: Public Employees' Retirement System (PERS) and Law Enforcement Officers' and Fire Fighters' Retirement System (LEOFF). The State Legislature establishes, and amends, laws pertaining to the creation and administration of all public retirement systems. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 The Department of Retirement Systems, a department within the primary government of the State of Washington, issues a publicly available Comprehensive Annual Financial Report (ACFR) that includes financial statements and required supplementary information for each plan. The DRS ACFR may be downloaded from the DRS website at www.drs.wa.gov. LEOFF Plan 1 The City also participates in LEOFF Plan 1. The LEOFF Plan I is fully funded and no further employer contributions have been required since June 2000. If the plan becomes underfunded, funding of the remaining liability will require new legislation. Starting on July 1, 2000, employers and employees contribute zero percent. LEOFF Plan 2 The City also participates in the LEOFF Plan 2. The Legislature, by means of a special funding arrangement, appropriates money from the state general fund to supplement the current service liability and fund the prior service costs of Plan 2 in accordance with the recommendations of the Pension Funding Council and the LEOFF Plan 2 Retirement Board. This special funding situation is not mandated by the state constitution and could be changed by statute. At June 30, 2024, the City's proportionate share of the collective net pension liabilities (assets) was as follows: Employer Plan Contributions Allocation % Liability (Asset) PERS 1 $ 195,247 0.032616% $ 579,533 PERS 2/3 414,917 0.042154% (1,389,637) LEOFF 1 0.006369% (181,127) LEOFF 2 137,598 0.056161% (1,051,752) Only the net pension liabilities are reported on the Schedule of Liabilities. Note 10 — Risk Management The City of Port Orchard is a member of the Association of Washington Cities Risk Management Service Agency (AWC RMSA). Chapter 48.62 RCW authorizes the governing body of any one or more governmental entities to form together into or join a pool or organization for the joint purchasing of insurance, and/or joint self -insuring, and/or joint hiring or contracting for risk management services to the same extent that they may individually purchase insurance, self -insure, or hire or contract for risk management services. An agreement to form a pooling arrangement was made pursuant to the provisions of Chapter 39.34 RCW, the Interlocal Cooperation Act. The AWC R:MSA was formed on January 1, 1989, when 32 municipalities in the State of Washington joined by signing an Interlocal Governmental Agreement to pool their self -insured losses and jointly CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 purchase insurance and administrative services. As of December 31, 2024, 110 entities participate in the AWC RMSA pool. The AWC RMSA allows members to establish a program of joint insurance and provides risk management services to all members. All coverages, with the exception of pollution liability, are on an occurrence basis. The AWC RMSA provides all risk property, comprehensive crime, general liability, automobile liability, police liability, public officials' liability, employee fidelity and faithful performance, pollution liability, cyber liability, and equipment breakdown insurance coverage. Equipment breakdown is included with the property insurance carrier. Pollution and cyber liability coverages are stand-alone policies which the AWC RMSA procures for its members. The AWC RMSA allows members with airports to group purchase airport liability coverage, and members with drones to group purchase property and liability coverage. Members pay an annual assessment to the AWC RMSA. The AWC RMSA is responsible for payment of all covered causes of loss against the jurisdiction above the stated retention. All members in the AWC RMSA have $15 million in both per occurrence and aggregate liability limits. AWC RMSA is self -insured for its Self -Insured Retention (SIR) of $500,000, per occurrence. $9.5 million in excess liability coverage limits is provided through an excess liability policy purchased from National League of Cities Mutual Insurance Company (NLC MIC). The $5 million in excess liability coverage limits above the first layer of excess coverage is purchased from StarStone Specialty Insurance Company. Since AWC RMSA is a cooperative program, there is joint liability among the participating members. The property reinsurance coverage is purchased through NLC MIC and excess property coverage is purchased through a shared and layered program led by AIG Specialty Insurance Company and CHUBB. In 2024, AWC RMSA carried a retention of $300,000, NLC MIC reinsures up to $3 million, the shared and layered program led by AIG Specialty Insurance Company provides excess insurance up to $50 million, and CHUBB provides the remaining limits up to a total of $250 million. All commercial policies have been purchased through the pool's Broker of Record, Aon. Members contract to remain in the AWC RMSA pool for a minimum of one year and must give a one-year notice before terminating participation. Even after termination, a member is still responsible for contributions to the Pool for any unresolved, unreported, and in -process claims for the period they were signatory to the Interlocal Governmental Agreement. The AWC RMSA establishes a loss fund for both reported and unreported insured events, which includes estimates of both future payments of losses and related claim adjustment expenses. In accordance with WAC 200.100.02023, the AWC RMSA is governed by a board of directors, which is comprised of elected officials of participating members. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 Note 11. Joint Ventures In 1983, the City of Port Orchard and West Sound Utility District (previously the Karcher Creek Sewer District) amended an intergovernmental agreement relating to the construction and management of the secondary wastewater treatment facility. In April of 2014 the City and District signed an interlocal agreement for the management and operation of the joint wastewater treatment facility for an additional term of 25 years. This joint venture establishes a Sewer Advisory Committee (SAC) consisting of three representatives from each entity who prepare and monitor the Facility's budget. The District and the City share 50% ownership in the facility's total assets. The Utility District is responsible for the daily operation of the facility. The participants pay their share of the expenses based on their portion of flow into the facility. The City and the District pay the joint venture an amount determined during the budget process to cover maintenance, operation, capital improvements and debt monthly. The 2024 cost sharing was 48.83% City and 51.17% District and in 2024 the City paid $1,895,976. The City was the lead agency on the wastewater treatment plant expansion project, and is the signatory on two Public Works Trust Fund Loans for the Facility's expansion. In 2004, the City guaranteed two Public Works Trust Funds loans of the South Kitsap Water Reclamation Facility, a legally separate entity. In the event that the South Kitsap Water Reclamation Facility is unable to make a payment, City of Port Orchard will be required to meet the obligation. Revenues of the facility were used to make debt service payments on the loans. Annually, the facility makes a payment to the City to cover the debt service on these loans. The SAC recommended and the City Council and the District Commissioners approved using a portion of Wastewater Treatment Facility Fees collected by each jurisdiction to help make the annual debt payments. This cost sharing formula is 50% and in 2024 each entity paid $200,000. The debt was paid in full in 2024 and the total amount of outstanding debt subject of this guarantee at year end was $0. Note 12. Significant Commitments or Obligations 580 Zone Reservoir (Water CFC Reimbursement): At the year-end the City had a commitment for a development agreement C003-07 Amendment 1, adopted in 2019 with McCormick Communities, LLC. The agreement allows for reimbursement for construction of the 580 Zone Reservoir for a total of $2,789,915. The reimbursement is paid from the Water Capital Facility Fees collected by the City from development within the Western Service Area pursuant to the reimbursement agreement. The reimbursement amount is set and fixed at $1,000 per applicable connection of Water Capital Facility Charge Fees collected in the area by the City. In 2024, the City paid $135,000. As of December 31, 2024; the amount outstanding is $2,258,915. Note: The reimbursement amount is fixed at $1,000. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 Glenwood Connector Roadway(Transportation Impact Fee Reimbursement): At the year- end the City had a commitment for a development agreement C035-21 with McCormick Land Company. The agreement allows for a reimbursement for construction of the Glenwood Connector Roadway and the Old Clifton/Feigley intersection for a total of $2,200,296.37. The reimbursement is paid from the Transportation Impact Fees collected by the City from development within the McCormick Urban Village pursuant to the development agreement. Per the agreement reimbursement rate shall be increased annually by CPI-U (Seattle/Tacoma/Bellevue) for the most recent twelve-month period (January 1 st to December 31 st) prior to the date of the adjustment. Such adjustment shall take effect on March lst each year, commencing on March 1, 2021. For 2021 the reimbursement amount was established at $720.80 and is adjusted on March 1, each year by CPI-U factor. From March 1, 2024 thru Feb 28,2025 the value for reimbursement was $884.26. In 2024, the City paid $238,978.98. As of December 31, 2024, the amount outstanding is $986,491.77. Note: The reimbursement amount is annually adjusted per CPI-U effective March 1 each year. Old Clifton Road/Campus Parkway Roundabout (Transportation Impact Fee Credit): At the year-end the City had a commitment for a development agreement C035-21 with McCormick Communities, LLC. The agreement allows for a credit for construction of the Old Clifton Rd/Campus Pkwy Roundabout Transportation Impact Fee (TIF) Study 1.5C and McCormick Woods Drive Intersection TIF 2.08 and for a total up to $3.2 million or $1,600,000 for each project. The total credit amount will be established upon project acceptance and final certified cost if less than the total $3.2 million. The City established the maximum credit for the Old Clifton Road/Campus Parkway Roundabout with Resolution 002-23 on February 28, 2023. The maximum credit was established pursuant to the agreement by adjusting the engineers estimate of $1.6 million by CPI-U of 1.7% on March 1, 2021, and an additional CPI-U increase of 4.6% on March 1, 2022, for a total maximum credit value of $1,702,051. The credit is given at the time Transportation Impact Fees are collected by the City from development. Per the agreement reimbursement rate shall be increased annually by CPI-U (Seattle/Tacoma/Bellevue) for the most recent twelve-month period (January I st to December 31 st) prior to the date of the adjustment. Such adjustment shall take effect on March 1 st each year. The Transportation Fee credit amount was established at $1,000 as of February 2021 and is adjusted on March 1, each year by CPI-U factor. From March 1, 2024, thru Feb 28,2025 the value for credit was $1,226.77. In 2024, the City provided a total credit amount of $331,545.71. As of December 31, 2024, the amount of credit available is $989,091. Note: The credit amount is annually adjusted per CPI-U effective March 1 each year. The Old Clifton Road/McCormick Woods Drive Intersection Improvement has not yet been constructed and therefore credit for this project has not yet been approved. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 Sidney Road Apartments (Park Impact Fee Credit): At the year-end the City had a commitment for a development agreement C076-21 with Sidney Road (Haven) Apartments, LLC. The agreement allows for the developer to receive a park impact fee credit for the Ruby Creek Regional Park (PK4) up to a total of $126,144 or certified costs if less than the identified max, if the Developer transfers the Planned Park Property to the City. The credit is given at the time park impact fees are collected by the City from the development if the Park property is deeded over to the City. As of December 31, 2024 no credit has been provided. McCormick Communities, LLC (Water CFC Credit): As of March 14, 2022, the City had a commitment for a development agreement C048-22 with McCormick Communities, LLC. The agreement allows for a max credit amount of $11,840,625 for certified construction cost if less than the max for the following five Water Capital Improvement Projects: 1. CIP No. 09 Well 12 Development, Treatment, and Booster Pump Station ($7 mil) 2. CIP No. 1.3 390 to 580 Zone Booster Station 2"d Lift (Glenwood) ($725,000) 3. CIP No. 1.4 390 to 580 Zone Transmission Main (to Glenwood PS) ($515,624) 4. CIP No. 15 580 to 660 Zone Booster Station ($750,000) 5. CIP No. 16 660 Zone Storage ($2,850,000) The total credit amount will be established upon project acceptance and final certified cost if less than the total $11,840,625. The credit is given at the time water capital facility fees are collected by the City from the builders. The water capital facility fee credit amount was established at $5,920 and is adjusted on March 1, each year by CPI-U factor. From October 1, 2024 thru September 30, 2025 the fee is $7,076.81. In 2024, the City provided credit in the amount of $434,958.09 against CIP No.16 660 Zone Storage of $2,850,000 leaving a total credit balance for this project of $1,163,111.05. Note: The credit amount is annually adjusted per CPI-U effective October 1 each year per POMC 13.04.065 Sidney Rd(S)-Haven Townhomes (Transportation Impact Fee Credit): As of May 10, 2022, the City had a commitment for a development agreement C070-22 with Haven Townhomes LLC. The agreement allows for a credit for construction of the Sidney Rd (S) Widening Transportation Impact Fee (TIF) Study 2.05 for the west side of the street improvement for a total up to $315,949 or up to the full anticipate TIF's to be paid if certified costs are larger than expected. The credit is given at the time Transportation Impact Fees are charged by the City for this development. As of December 31, 2024 no credit has been provided. McCormick Communities, LLC (Park Impact Fee Credit): As of September 26, 2022, the City had a commitment for a development agreement C110-22 with McCormick Communities, LLC for park improvements as identified below. The agreement allows for a max credit amount CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 of $5,320,285, to be limited to the total park impact fees due on the Project, the estimated cost for the Park Improvements Projects or the actual costs incurred by McCormick (determined by the final certified construction cost) whatever amount is less. 1. Prior McCormick Payment C002-10 ($643,743) 2. McCormick Village Park Phase 3 ($1,250,000) 3. St. Andrew's Multi -Modal Trail (in McCormick Woods) ($979,012) 4. McCormick West Multi -Modal Trail Phase 1 ($1,468,518) 5. McCormick West Multi -Modal Trail Phase 2 ($979,012) The City provided a credit amount of $643,743 to reflect the prior payment and contract with McCormick Communities for Project No. 1 above. In 2024, the City provided credit in the amount of $348,567. There is no more credit available for Project No. 1 identified above. The City provided a credit amount of $1,468,518 for Project No. 4- McCormick West Multi -Modal Trail Phase 1. In 2024, the City provided credit in the amount of $129,337 leaving a total credit balance remaining of $1,339,181 for Project No.4. Note: The maximum park impact fee credit per dwelling unit is fixed at $2,008 and will not be adjusted per the agreement. Blueberry Apartments (Transportation Impact Fee Credit): As of June 27, 2023, the City had a commitment for a development agreement C039-23 with Blueberry Apartments QOZB LLC. The agreement allows for a credit for dedication of certain property necessary for the City to construction a portion of Bethel Phase 1 of the Bethel/Sedgwick Corridor Ph.1 (TIF) Study 2.04A. The credit shall be limited to the lessor of the total transportation impact fees due on the project (currently estimated at $245,245.84) or the value of the Transportation improvement project property dedication. The credit is given at the time Transportation Impact Fees are charged by the City for this development. As of December 31, 2024 the City has provided a credit amount of $33,773 for the dedication of right of way. The City does not expect to provide any additional credit related to this contract. Diaz Meadows (Water CFC Credit): As of October 10, 2023, the City had a commitment for a development agreement C082-23 with Diaz Meadows LLC. The agreement allows for a credit for design, permitting and construction for a portion of the 580 to 390 Zone transmission project identified as project #8 on Water System Capital Improvement Plan for a total credit of $182,250. The credit is given at the time water capital facility fees are collected by the City from the builders. As of December 31, 2024 no credits have been provided. CITY OF PORT ORCHARD Notes to Financial Statements For the Year Ended December 31, 2024 Note 13. Contingencies & Liabilities Blake Decision. In February 2021, the Washington State Supreme Court issued an opinion in State of Washington v. Blake, declaring that RCW 69.50.4013, Washington's simple possession of a controlled substance statute violates the due process clause of the state and federal constitution. Individuals convicted under that statute beginning in 1971 may be eligible to have their convictions vacated and/or be resentenced. All penalties, fines and restitution (Legal Financial Obligations "LFO") imposed in connection with simple possess convictions must be refunded. At this time the City does not have the information necessary to make an estimate of any potential liability. It is the City's position that this liability is the responsibility of the State. The State has thus far provided funding sufficient for the City to process vacations and refund LFOs. Note 14. Subsequent Event As of May 13, 2025, loan agreement C051-25 with Washington State Public Works Board was approved by council. The loan will be used for the pre -construction design costs of the Old Clifton Road Water System Intertie Project. It is a $1,000,000 loan with a five-year term and a 0.86% interest rate. Note 15. Change in Accounting Principle During fiscal year 2024, the City implemented compensated absences as required by the BARS Manual. The effect of that accounting standard is that the City has also included sick leave expected to be used during employment life and personal leave in the estimated calculations. This has increased the liability that is shown on the schedule of long-term liabilities. City of Port Orchard Schedule 01 3131100 WITAIIII0 Local Retail Sales and Use Tax Business and Occupation Taxes on Utilities Business and Occupation Taxes on Utilities Business and Occupation Taxes on Utilities Business and Occupation Taxes on Utilities $8,031,757 $1,007,925 0455 001 General 3108100 Oamb|ingTax-Punch $108,511 Boards and Pull Tabs Amusement Games 0455 001 General 3172000 Leasehold Excise Tax $70,509 0455 001 General 3213000 Police and Protective $872 Occupations 0455 001 General 3217000 Amusements $1,700 0455 001 General 3219902 Other Business Licenses $265 and Permits 0455 001 General 3221000 Buildings, Structures $1564,891 and Equipment 0455 001 General 3221001 Buildings, Structures $11,220 and Equipment 0455 001 General 3223000 Animal Licenses $908 0455 001 General 3229000 Other Non -Business $2,726 Licenses and Permits 0455 001 General 0455 001 General 0455 001 General 0455 001 General 0455 001 General 0455 001 General 0455 001 General 3340120 3340350 State Award from Other Judicial Agencies State Award from Traffic Safety Commission $15,235 $4,915 3360084 Vessel Registration Fees $13,675 3360642 Marijuana Excise Tax $92,949 Distribution 3360694 Liquor/Beer Excise Tax $123,888 3360695 Liquor Control Board $131,956 Profits 3370000 Local Awards, $1,000 Entitlements, Tribal Government Distributions, and Other Payments 0455 001 General 3413300 District/Municipal Court - $1,325 Administrative Fees 0455 001 General 3418100 Data/Word Processing, $1,289 Printing, Duplicating and IT Services 0455 001 General 0455 001 General 0455 001 General 0455 001 General 0455 001 General 3419500 Legal Services $355 3421000 Law Enforcement $8,061 Services 3423300 Detention and $38,943 Correction Services 3424000 Protective Inspection $9,431 Services 3424001 Protective Inspection $300 0455 001 General 3458100 Zoning and Subdivision $60,222 Services 0455 001 General 3458300 Plan Checking Services $645,214 0455 001 General 3458301 Plan Checking Services $5,593 0455 001 General 3458900 Other Planning and $23,200 Development Services 0455 001 General 3458901 Other Planning and $14,522 Development Services 0455 001 General 3479000 Other Culture and $2,970 Recreation Fees 0455 001 General 3523000 Proof of Motor Vehicle $246 Insurance 0455 001 `` General 3531000 Traffic Infraction $52,131' Penalties 0455 001 General 3537000 Non -Traffic Infraction $247 Penalties 0455 001 General 3540000 Civil Parking`; Infraction $38,577 Penalties 0455 001 General 3552003 Driving Under Influence $694 (DUI) Fines 0455 001 General 3558002 Other Criminal Traffic $6,783 Misdemeanor Fines 0455 001 General 3565000 Investigative Fund $567 Assessments 0455 001 General 3569000 Other Criminal Non- $1,720 Traffic Fines 0455 001 General 3573300 Public Defense Cost $2,152 0455 001 General 3590000 Non -Court Fines and $3,000 Penalties 0455 001 General 3599000 Non -Court Fines and $200 Penalties 0455 001 General 3611100 Investment Earnings $867,847 0455 001 General 3614000 Other Interest $30,688 0455 001 General 3614001 Other Interest $3,355 0455 001 General- 3624000 Rents and Leases $1,663 0455 001 General 3624100 Rents and Leases $413 0455 001 General 3625000 Rents and Leases $99,868 0455 001 General 3625100 Rents and Leases $150 0455 001 General 3691000 Sale of Surplus $2,851 0455 001 General 3693000 Confiscated and $372 Forfeited Property 0455 001 General 3694000 Judgments and $126,210 Settlements 0455 001 General 3698100 Cash Adjustments $22 0455 001 General 3699100 Miscellaneous Other $24,713 Operating 0455 001 General 3111000 Property Tax $1272,696 0455 001 General 3132100 Public Transportation $941,955 Systems Sales and Use Tax 0455 001 General 3176000 Transportation Benefit $255,049 District Vehicle Fees 0455 001 General 3224000 Street and Curb Permits $9,770 0455 001 General 3360071 Multimodal $22,409 Transportation - Cities 0455 001 General 3360087 Motor Vehicle Fuel Tax - $308,095 City Streets 0455 001 General 3458900 Other Planning and $3,439 Development Services 0455 001 General 3611100 Investment Earnings $159,012 0455 001 General 3625000 Rents and Leases $12,815 0455 001 General' 3691000 Sale of Surplus $324 0455 001 General 3699100 Miscellaneous Other $180 Operating 0455 001 General 3611100 Investment Earnings $163,635 0455 103 Criminal Justice 3137100 Criminal Justice Sales $397,315 and Use Tax 0455 103 Criminal Justice 3360621 Criminal Justice - Violent $6,681 Crimes/Population 0455 103 Criminal Justice 3360651 DUI and Other Criminal $1,702 Justice Assistance 0455 103 Criminal Justice 3611100 Investment Earnings $34,869 0455 104 Special Investigative Unit 3611100 Investment Earnings $4,198 0455 104 Special Investigative Unit 3693000 Confiscated and $301 Forfeited Property 0455 104 Special Investigative Unit 3699100 Miscellaneous Other $20 Operating 0455 107 Community Events 3133100 Hotel/Motel Sales and $177,476 Use Tax 0455 107 Community Events 3611100 Investment Earnings $24,072 0455 108 Paths &'Trails 3360087 Motor Vehicle Fuel Tax - $1,299 City Streets 0455 108 Paths & Trails 3611100 Investment Earnings $879 0455 309 Real Estate Excise Tax 3183400 REST 1 - First Quarter $933,950 Percent 0455 309 Real Estate Excise Tax 3183500 REET 2 - Second $933,950 Quarter Percent 0455 309 Real Estate Excise Tax 3611100 Investment Earnings $242,083 0455 111 Impact Mitigation Fee 3458500 Growth Management Act $2,023,118 (GMA) Impact Fees 0455 11l Impact Mitigation Fee 3458500 Growth Management Act $544,453 (GMA) Impact Fees 0455 111 Impact Mitigation Fee 3611100 Investment Earnings $481,412 0455 206 Bond Redemption Fund 3611100 Investment Earnings $15,767 0455 302 Capital Construction 3340270 State Award from $28,241 Recreation and Conservation Office 0455 302 Capital Construction 3611100 Investment Earnings $274,239 0455 304 Street Capital Projects 3332020 Federal Indirect Award $419,648 from Department of Transportation 0455 304 Street Capital Projects 3340380 State Award from $807,405 Transportation Improvement Board (TIB) 0455 304 Street Capital Projects 3611100 Investment Earnings $98,332 ` 0455 304 Street Capital Projects 3670000 Contributions and $96,231 Donations from Nongovernmental Sources 0455 411 Water Utility 3434000 Water Sales and $2986,336 Services 0455 411 Water Utility 3434000 Water Sales and $832,675 Services 0455 411 Water Utility 3434000 Water Sales and $223,173 Services 0455 411 Water Utility 3434000 Water Sales and $51,753 Services 0455 411 Water Utility 3434200 Water Sales and $2,920 Services 0455 411 Water Utility 3458300 Plan Checking Services $1,451 0455 411 Water Utility 3458900 Other Planning and $22,391 Development Services 0455 411 Water Utility 3590000 Non -Court Fines and $33,206 Penalties 0455 411 Water Utility 3611100 Investment Earnings $179,561 0455 411 Water Utility 3620000 Rents and Leases $72,534 0455 411 Water Utility 3691000 Sale of Surplus $6,508 0455 411 Water Utility 3699100 Miscellaneous Other $1,705 Operating 0455 411 Water Utility 3611100 Investment Earnings $54,627 0455 411 Water Utility 3434000 Water Sales and $1387,970 Services 0455 411 Water Utility 3611100 Investment Earnings $458,089 0455 411 Water Utility 3611100 Investment Earnings $29,305 0455 421 Storm Drainage Utility 3221000 Buildings, Structures $15,950 and Equipment 0455 421 Storm Drainage Utility 3431000 Storm Drainage Sales $1137,677 and Services 0455 421 Storm Drainage Utility 3431000 Storm Drainage Sales $1,039,291 and Services 0455 421 Storm Drainage Utility 3431010 Storm Drainage Sales $42 and Services 0455 421 Storm Drainage Utility 3431099 Storm Drainage Sales $58,250 and Services 0455 421 Storm Drainage Utility 3458900 Other Planning and $10,910 Development Services 0455 421 Storm Drainage Utility 3590000 Non -Court Fines and $24,278 Penalties 0455 421 Storm Drainage Utility 3611100 Investment Earnings $98,412 0455 421 Storm Drainage Utility 3699100 Miscellaneous Other $311 Operating 0455 421 Storm Drainage Utility 3611100 Investment Earnings $30,685 0455 421 Storm Drainage Utility 3431000 Storm Drainage Sales $644,685 and Services 0455 " 421 Storm Drainage Utility 3611100 Investment Earnings $10,841 0455 431 Sewer Utility 3435000 Sewer/Reclaimed Water $5,496,876 Sales and Services 0455 431 Sewer Utility 3435000 Sewer/Reclaimed Water $1087,868 Salesand Services 0455 431 Sewer Utility 3435000 Sewer/Reclaimed Water $106,040 Sales and Services 0455 431 Sewer Utility 3435000 Sewer/Reclaimed Water $7,596 Sales and Services 0455 431 Sewer Utility 3458300 Plan Checking Services $2,225 0455 431 Sewer Utility 3458900 Other Planning and $1,875 Development Services 0455 431 Sewer Utility 3590000 Non -Court Fines and $26,999 Penalties 0455 431 Sewer Utility 3611100 Investment Earnings $364,665 0455 431 Sewer Utility 3699100 Miscellaneous Other $282 Operating 0455 431 Sewer Utility 3611100 Investment Earnings $81,746 0455 431 Sewer Utility 3370000 Local Awards, $71,787 Entitlements, Tribal Government Distributions, and Other Payments 0455 431 Sewer Utility 3435000 Sewer/Reclaimed Water $3315,443 Sales and Services 0455 431 Sewer Utility 3611100 Investment Earnings $323,255 0455 431 Sewer Utility 3611100 Investment Earnings $61,930 0455 500 Equipment Rental and 3480000 Internal Service Funds $889,000 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $587,900 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $462,900 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $303,000 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $292,000 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $268,072 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $265,800 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $122,529 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $91,176' Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $73,000 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $72,800 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $66,190 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $64,800 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $63,100 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $51,284 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $48,700 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $31,099 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $12,003 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $11,360 Revolving Sales and Services 0455 500 Equipment Rental and 3480000 Internal Service Funds $6,871 Revolving Sales and Services 0455 500 Equipment Rental and 3611100 Investment Earnings $224,875 Revolving 0455 500 Equipment Rental and 3699100 Miscellaneous Other $5,587 Revolving Operating 0455 431 Sewer Utility 3435000 Sewer/Reclaimed Water $1,393,007 Sales and Services 0455 431 Sewer Utility 3611100 Investment Earnings $323,866 0455 001 General 3084100 Committed Cash and $65,616 Investments - Beginning 0455 001 General 3089100 Unassigned Cash and $17,042,151 Investments - Beginning 0455 001 General 3083100 Restricted Cash and $169,737 Investments - Beginning 0455 001 General 3083101 Restricted Cash and $31,215 Investments - Beginning 0455 001 General 3083101+ Restricted Cash and $25,333 Investments - Beginning 0455 001 General 3083101 0455 001 General 3085100 0455 103 Criminal Justice 3083100 0456 104 Special Investigative Unit ]08]100 0455 108 Paths &Trails 3083100 0455 309 Real Estate Excise Tax 3083100 0455 309 Real Estate Excise Tax 3083100 0455 ill Impact Mitigation Fee 3083100 Restricted Cash and Investments - Beginning Assigned Cash and Investments - Beginning Restricted Cash and Investments - Beginning Restricted Cash and Investments - Beginning Restricted Cash and Investments - Beginning Restricted Cash and Investments - Beginning Restricted Cash and Investments - Beginning Restricted Cash and Investments - Beginning 0455 111 - Impact Mitigation Fee 3083100 - - Restricted Cash and Investments-Beoinning 0455 206 Bond Redemption Fund 3083100 Restricted Cash and Investments - Beginning 0455 302 Capital Construction 3083100 Restricted Cash and lnvestments-Beginning 0455 302 Capital Construction 3085100 Assigned Cash and Investments - Beginning 0455 304 Street Capital Projects 3083100 Restricted Cash and Investments - Beginning 0455 304 Street Capital Projects 3083100 Restricted Cash and Investments - Beginning 0455 304 Street Capital Projects 3085100 Assigned Cash and Inveetmenty-Beginning 0455 411 Water Utility 3085100 0455 421 Storm Drainage Utility 3005100 0455 421 Storm Drainage Utility 3085100 0455 431 Sewer Utility 3085100 5113010 Assigned Cash and $1,016/949 Investments - Beginning Assigned Cash and $0 Investments -Beginning Assigned Cash and $1,784,151 Investments - Beginning Assigned Cash and $571,353 lnvestments-Beginning Assigned Cash and $0 Investments - Beginning Assigned Cash and $1,521/909 Investments - Beginning Assigned Cash and $863,148 Investments - Beginning Assigned Cash and $3,784,187 Investments - Beginning Restricted Cash and $27 lnvestments-Beginning Assigned Cash and $6,411,758 Investments - Beginning Official Publication $88,353 Services 0455 001 General 5113030 Official Publication - - $412 Service Services 0455 001 General 5116010 Legislative Activities $86,000 0455 001 General 5116030 Legislative Activities $1,238 0455 001 General 5117040 Lobbying Activities $51,304 0455 001 General 5125110 Non -Contracted Court $348,627 0455 001 General 5125120 Non -Contracted Court $128,442 0455 001 General 5125130 Non -Contracted Court $4,953 0455 001 General 5125140 Non -Contracted Court $15,939 0455 001 General 5131010 Executive Office $130,145 0455 001 General 5131020 Executive Office $43,498 0455 001 General 5131030 Executive Office $845 0455 001 General 5131040 Executive Office $32,798 0455 001 General 5142310 Financial Services $349,175 0455 001 General 5142320 Financial Services $107,505 0455 001 General 5142330 Financial Services $1,870 0455 001 General 5142340 Financial Services $49,004 0455 001 General 5143010 Recording Services $87,352 0455 001 General 5143020 Recording Services $27,735 0455 001 General 5143030 Recording Services' $691 0455 001 General 5143040 Recording Services $31,277 0455 001 General' 5149040 Voters Registration $65,391 Services 0455 001 General 5154140 External Legal Services - $262,951 Advice 0455 001 General 5154540 External Legal Services - $135,812 Claims and Litigation 0455 001 General 5159140 General Indigent $170,796 Defense 0455 001 General 5179010 Other Employee Benefit $2,330 Programs 0455 001 General 5179040 Other Employee Benefit $1,012 Programs 0455 001 General 5181010 Personnel Services ` $143,701 0455 001 General 5181020 Personnel Services $43,263 0455 001 General` 5181030 Personnel Services $599 0455 001 General 5181040 Personnel Services $32,933 0455 001 General 5182020 Property Management $94,314 Services 0455 001 General 5182040 Property Management $123,674 Services 0455 001 General 5183020 Maintenance/Security/In $37,284 surance/Janitorial Services 0455 001 General 5183040 Maintenance/Security/In $756,038 surance/Janitorial Services 0455 001 General 5188810 Information Technology $191,820 Services 0455 001 General 5188820 Information Technology $64,695 Services 0455 001 General 5188830 Information Technology $29,692 Services 0455 001 General 5188840 Information Technology $187,992 Services 0455 001 General 5189040 Other Centralized $15,011 Services 0455 001 General 5211010 Administration $770,422 0455 001 General 5211020 Administration $272,592 0455 001 General 5211030 Administration $19,593 0455 001 General 5211040 Administration $269,358 0455 001 General 5212110 Police Operations $184,204 0455 001 General 5212120 Police Operations $52,929 0455 001 General 5212130 Police Operations $6,539 0455 001 General 5212140 Police Operations $15,700 0455 001 General 5212210 Police Operations $1,754,524 0455 001 General 5212220 Police Operations $656,847' 0455 001 General 5212230 Police Operations $28,568 0455 001 General 5212240 Police Operations $513,854 0455 001 General 5212310 Police Operations $18,918 0455 001 General' 5212320 Police Operations $7,349 0455 001 General 5212330 Police Operations $627 0455 001 General 5212340 Police Operations $13,484 0455 001 General 5212510 Police Operations $121,984 0455 001 General 5212520 Police Operations $38,136 0455 001 General 5213010 Crime Prevention $109,124 0455 001 General 5213020 Crime Prevention $39,557 0455 001 General 5213030 Crime Prevention $527 0455 001 General 5213040 Crime Prevention $13,289 0455 001 General 5214030 Training $12,267 0455 001 General` 5214040 Training $58,643' 0455 001 General 5215030 Facilities $1,313 0455 001 General 5215040 Facilities $9,697 0455 001 General 5217010 Traffic Policing $57,960 0455 001 General' 5217010 Traffic Policing $224,841 0455 001 General 5217020 Traffic Policing $12,622 0455 001 General' 5217020' Traffic Policing $84,693 0455 001 General 5217030 Traffic Policing $3,274 0455 001 General 5217040 Traffic Policing $124 0455 001 General 5217040 Traffic Policing $16,775 0455 001 General 5218020 Property and Evidence $10,138 Room 0455 001 General 5218040 Property and Evidence $8,057 Room 0455 001 General` 5232040 Monitoring of Prisoners $2,992 0455 001 General 5236040 Care and Custody of $370,528 Prisoners 0455 001 General 5246030 Enforcement of Codes $375 and Regulation 0455 001 General 5246040 Enforcement of Codes $907 and Regulation 0455 001 General' 5585010 Building Permits and $655,463 Plan Reviews 0455 001 General 5585020 Building Permits and $240,739 Plan Reviews 0455 001 General 5585040 Building Permits and $431,449 Plan Reviews 0455 001 General 5251040 Administration $29,331 0455 001 General 5253040 Disaster Recovery $56 0455 001 General 5256030 Disaster Preparedness $3,029 0455 001 General 5256040 Disaster Preparedness $848 0455 001 General 5510040 Public Housing Services $43,200 0455 001 General 5537040 Pollution Control and $12,218 Remediation 0455 001 General 5543040 Animal Control $54,024 0455 001 General 5586010 Planning $625,576 0455 001 General 5586020 Planning $248,071 0455 001 General 5586030 Planning $7,921 0455 001 General' 5586040' Planning $352,755 0455 001 General 5587040 Economic Development $30,000 0455 001 General 5593010' Property Development $29,801 0455 001 General 5593020 Property Development $13,524 0455 001 General 5593040 Property Development $1,718 0455 001 General 5620040 Public Health Services $52,555 0455 001 General 5660040 Chemical Dependency $5,084 Services 0455 001 General 5725030 Facilities $1,323 0455 001 General 5725040 Facilities $35,639 0455 001 General 5739010 Other Cultural and $20,531 Community Events 0455 001 General 5739020 Other Cultural and $8,227 Community Events 0455 001 General 5739030 Other Cultural and $10,168 Community Events 0455 001 General` 5739040 Other Cultural and $7,983 Community Events 0455 001 General 5755010 Multipurpose and $758 Community Centers 0455 001 General' 5755020 Multipurpose and $186 Community Centers 0455 001 General 5755040 Multipurpose and $43,719 Community Centers 0455 001 General 5768020 General Parks $85,325 0455 001 General 5768030' General Parks $40,688' 0455 001 General 5768040 General Parks $355,416 0455 001 General 5423010 Roadway $65,191 0455 001 General 5423020 Roadway $30,439 0455 001 General 5423030 Roadway $20,373 0455 001 General 5423040 Roadway $21,437 0455 001 General 5425040 Structures $43,746 0455 001 General 5426110 Sidewalks $22,472 0455 001 General 5426120 Sidewalks $11,271 0455 001 General 5426130 Sidewalks $6,888 0455 001 General 5426140 Sidewalks $4,155 0455 001 General 5426210 Special Purpose Paths $1,653 0455 001 General 5426220 Special Purpose Paths $672 0455 001 General 5426230 Special Purpose Paths $4,663 0455 001 General' 5426240 Special Purpose Paths $1,054 0455 001 General 5426310 Street Lighting $2,313 0455 001 General 5426320 Street Lighting $977 0455 001 General 5426330 Street Lighting $528 0455 001 General 5426340 Street Lighting $268,332 0455 001 General 5426410 Traffic Control Devices $84,274 0455 001 General 5426420 Traffic Control Devices $27,687 0455 001 General 5426430 Traffic Control Devices $38,727 0455 001 General 5426440 Traffic Control Devices $102,267 0455 001 General 5426510 Parking Facilities $147 0455 001 General 5426520 Parking Facilities $74 0455 001 General 5426530 Parking Facilities $987 0455 001 General' 5426540 Parking Facilities $3,529 0455 001 General 5426610 Snow and Ice Control $23,141 0455 001 General 5426620 Snow and Ice Control $9,165 0455 001 General 5426630 Snow and Ice Control $9,069 0455 001 General 5426640 Snow and Ice Control $1,000 0455 001 General 5427010 Roadside $72,564 0455 001 General 5427030 Roadside $11,621 0455 001 General 5427040 Roadside $38,504 0455 001 General 5428010 Ancillary Operations $10,432 0455 001 General 5428020 Ancillary Operations $4,985 0455 001 General 5428030 Ancillary Operations $183 0455 001 General' 5431010 Management $88,114' 0455 001 General 5431020 Management $27,099 0455 001 General 5431030 Management $132 0455 001 General 5431040 Management $770 0455 001 General 5433010 General Services $250,214' 0455 001 General 5433020 General Services $93,283 0455 001 General 5433030 General Services $12,149 0455 001 General 5433040 General Services $1,183,189 0455 001 General 5433140 General Services $180 0455 001 General 5435030 Facilities $1,514 0455 001 General` 5435040 Facilities $9,187 0455 103 Criminal Justice 5211030 Administration $41,985 0455 103 Criminal Justice 5211040 Administration $108,150 0455 103 Criminal Justice 5212210 Police Operations $79,153 0455 103 Criminal Justice 5212220 Police Operations $13,400 0455 103 Criminal Justice 5212240 Police Operations $349,294 0455 104 Special Investigative Unit 5212140 Police Operations $328 0455 107 Community Events 5573010 Tourism $2,160 0455 107 Community Events 5573020 Tourism $845 0455 107 Community Events 5573040 Tourism $120,038 0455 11l Impact Mitigation Fee 5186540 Impact Fee Distributions $544,453 to Local Governments 0455 111 Impact Mitigation Fee 5449040 Operations $238,979 Administration and Overhead 0455 411 Water Utility 5341010 Water Utilities $1072,045' 0455 411 Water Utility 5341020 Water Utilities $430,444 0455 411 Water Utility 5341030 Water Utilities $33,859 0455 411 Water Utility 5341040 Water Utilities $1,453,631 0455 411 Water Utility 5342040 Water Utilities $41,451 0455 411 Water Utility 5343030 Water Utilities $60,389 0455 411 Water Utility 5343040 Water Utilities $195,689 0455 411 Water Utility 5344030 Water Utilities $1,671 0455 411 Water Utility 5344040 Water Utilities $2,988 0455 411 Water Utility 5341040 Water Utilities $135,000 0455 421 Storm Drainage Utility 5310030 Storm Drainage Utilities $34,448 0455 421 Storm Drainage Utility 5310040 Storm Drainage Utilities $95,655 0455 421 Storm Drainage Utility 5311010 Storm Drainage Utilities $535,694 0455 421 Storm Drainage Utility 5311020 Storm Drainage Utilities $200,358 0455 421 Storm Drainage Utility 5311030 Storm Drainage Utilities $19,640 0455 421 Storm Drainage Utility 5311040 Storm Drainage Utilities $615,875 0455 431 Sewer Utility 5351010 Sewer/Reclaimed Water $810,395 Utilities 0455 431 Sewer Utility 5351020 Sewer/Reclaimed Water $315,031 Utilities 0455 431 Sewer Utility 5351030 Sewer/Reclaimed Water $25,313 Utilities 0455 431 Sewer Utility 5351040 Sewer/Reclaimed Water $1,689,384' Utilities 0455 431 Sewer Utility 5352030 Sewer/Reclaimed Water $21,287 Utilities 0455 431 Sewer Utility 5352040 Sewer/Reclaimed Water $1944,698 Utilities 0455 431 Sewer Utility 5353030 Sewer/Reclaimed Water $77,618 Utilities 0455 431 Sewer Utility 5353040 Sewer/Reclaimed Water $204,853 Utilities 0455 500 Equipment Rental and 5483010 Mechanical Shops $222,339 Revolving 0455 500 Equipment Rental and 5483020 Mechanical Shops $90,629 Revolving 0455 500 Equipment Rental and 5483030 Mechanical Shops $87,524 Revolving 0455 500 Equipment Rental and 5483040 Mechanical Shops $89,895 Revolving 0455 500 Equipment Rental and 5485040 Fuel Depots $1,143 Revolving 0455 500 Equipment Rental and 5487040 Motor Pool Services $53,946 Revolving 0455 431 Sewer Utility 5352040 Sewer/Reclaimed Water $200,000 Utilities 0455 001 General 5083100 Restricted Cash and $180,966 Investments - Ending 0455 001 General 5083100 Restricted Cash and $25,967' Investments - Ending 0455 001 General 5083100 Restricted Cash and $150,671 Investments - Ending 0455 001 General 5083100 Restricted Cash and $17,984 Investments - Ending 0455 001 General 5083100 Restricted Cash and $0 Investments - Ending 0455 001 General 5084100 Committed Cash and $30,094 Investments - Ending 0455 001 General 5089100 Unassigned Cash and $18,066,427 Investments - Ending 0455 001 General 5083101 Restricted Cash and $1745,390 Investments - Ending 0455 001 General 5085100 Assigned Cash and $2,702,972 Investments - Ending 0455 001 General 5089100 Unassigned Cash and $3235,385 Investments - Ending 0455 103 Criminal .justice 5083100 Restricted Cash and $576,826 Investments - Ending 0455 104 Special Investigative Unit 5085100 Assigned Cash and $14,290 Investments - Ending 0455 104 Special Investigative Unit 5083100 Restricted Cash and $91,806 Investments - Ending 0455 107 Community Events 5083100 Restricted Cash and $472,384 Investmentsl- Ending 0455 108 Paths & Trails 5083100 Restricted Cash and $17,989 Investments - Ending 0455 309 Real Estate Excise Tax 5083100 Restricted Cash and $6523,527 Investments - Ending 0455 309 Real Estate Excise Tax 5083100 Restricted Cash and $0 Investments - Ending 0455 111 Impact Mitigation Fee 5083100 Restricted Cash and $6,847,926 Investments - Ending 0455 111 Impact Mitigation Feel 5083100 Restricted Cash and $363,891 Investments - Ending 0455 111 Impact Mitigation Fee 5083100 Restricted Cash and $86,184 Investments - Ending 0455 206 Bond Redemption Fund 5083100 Restricted Cash and $517,371 Investments - Ending 0455 302 Capital Construction 5083100 Restricted Cash and $1,193,718 Investments - Ending 0455 302 i Capital Construction 5083100 Restricted Cash and $12,934' Investments - Ending 0455 302 Capital Construction 5083100 Restricted Cash and $57,752 Investments - Ending 0455 302 Capital Construction 5085100 Assigned Cash and $303,572 Investments - Ending 0455 304 Street Capital Projects 5083100 Restricted Cash and $0 Investments - Ending 0455 304 Street Capital Projects 5083100 Restricted Cash and $41,309 Investments' - Ending 0455 304 Street Capital Projects 5085100 Assigned Cash and $910,803 Investments - Ending 0455 411 Water Utility 5085100 Assigned Cash and $2754,462 Investments - Ending 0455 411 Water Utility 5085100 Assigned Cash and $1,171,576 Investments - Ending 0455 411 Water Utility 5085100 Assigned Cash and $8,436,823 Investments' - Ending 0455 411 Water Utility 5085100 Assigned Cash and $1,285,005 Investments - Ending 0455 421 Storm Drainage Utility 5085100 Assigned Cash and $2328,243 Investments - Ending 0455 421 Storm Drainage Utility 5085100 Assigned Cash and $602,048 Investments - Ending 0455 421 Storm Drainage Utility 5085100 Assigned Cash and $942,392 Investments - Ending 0455 421 Storm Drainage Utility 5085100 Assigned Cash and $0 Investments - Ending 0455 431 Sewer Utility 5085100 Assigned Cash and $8754,383 Investments' - Ending 0455 431 Sewer Utility 5085100 Assigned Cash and $1,703,655 Investments - Ending 0455 431 Sewer Utility 5085100 Assigned Cash and $1,526,829 Investments - Ending 0455 500 Equipment Rental and 5085100 Assigned Cash and $5488,629 Revolving Investments - Ending 0455 631 Trust and Agency 5083100 Restricted Cash and $188 Investments - Ending 0455 431 Sewer Utility 5085100 Assigned Cash and $7928,631 Investments` - Ending 0455 001 General 3821000 Refundable Deposits $40,013 0455 001 General 3899000 Holding and Clearing $958 Account Transactions 0455 001 General 3899000 Holding and Clearing $53 Account Transactions 0455 001 General 3981000 Insurance Recoveries $8,871 (Cash Basis) 0455 001 General 3981000 Insurance Recoveries $5,974 (Cash Basis) 0455 206 Bond Redemption Fund 3970000' Transfers -In $1395,642 0455 302 Capital Construction 3970000 Transfers -In $2,140,324 0455 304 Street Capital Projects 3970000 Transfers -In $1544,548' 0455 411 Water Utility 3821000 Refundable Deposits $4,000 0455 411 Water Utility 3981000 Insurance Recoveries $1,598 (Cash Basis) 0455 411 Water Utility 3918000 Intergovernmental $3,690,375' Loans 0455 421 Storm Drainage Utility 3981000 Insurance Recoveries $799 (Cash Basis) 0455 421 Storm Drainage Utility 3970000 Transfers -In $43,104 0455 431 Sewer Utility 3899000 Holding and Clearing $1,334 Account Transactions 0455 431 Sewer Utility 3981000 Insurance Recoveries (Cash Basis) $533 0455 500 Equipment Rental and 3951000 Proceeds from Sales of $21,100 Revolving Capital Assets (Cash Basis Only) 0455 631 Trust and Agency 3861200 Court Remittances $990 0455 631 Trust and Agency 3862002 Court Remittances $7 0455 631 Trust and Agency 3868300 Court Remittances $167 0455 631 Trust and Agency 3868331 Court Remittances $5,146 0455 631 Trust and Agency 3868332 Court Remittances $2,540 0455 631 Trust and Agency 3868800 Court Remittances $615 0455 631 Trust and Agency 3868909 Court Remittances $569 0455 631 Trust and Agency 3868912 Court Remittances $1 0455 631 Trust and Agency 3868913 Court Remittances $1 0455 631 Trust and Agency 3868914 Court Remittances $438 0455 631 Trust and Agency 3868915 Court Remittances $100 0455 631 Trust and Agency 3868926 Court Remittances $2,813 0455 631 Trust and Agency 3869017 Court Remittances $92 0455 631 Trust and Agency 3869100 Court Remittances $30,295 0455 631 Trust and Agency 3869200 Court Remittances $16,854 0455 631 Trust and Agency 3869700 Court Remittances $13,625 0455 631 Trust and Agency 3869900 Court Remittances $189 0455 631 Trust and Agency 3893001 Custodial Type $1,018 Collections 0455 631 Trust and Agency 3893002 Custodial Type $12,352 Collections 0455 631 Trust and Agency 3893003 Custodial Type $7,240 Collections 0455 631 Trust and Agency 3893004 Custodial Type $1,188 Collections 0455 631 Trust and Agency 3893005 Custodial Type $125 Collections 0455 631 Trust and Agency 3893006 Custodial Type $398 Collections 0455 431 Sewer Utility 3823000 Non -Fiduciary $361,800 Collections for Others 0455 001 General 5821000 Refund of Deposits $16,588 0455 001 General 5911270 Debt Repayment - $0 Judicial Services 0455 001 General 5911370 Debt 'Repayment - ` $0 Executive Services 0455 001 General 5911470 Debt Repayment - $8,025 Financial, Recording, and Election Services 0455 001 General 5912170 Debt Repayment - Law $32,675 Enforcement Services 0455 001 General 5941860 Capital $22,010 Expenditures/Expenses - Centralized/General Services 0455 001 General 5970000 Transfers -Out $2219,568 0455 001 General 5919570 Debt Repayment - $0 Roads/Streets and Other Infrastructure 0455 103 Criminal Justice 5912170 Debt Repayment - Law $75,424 Enforcement Services 0455 309 Real Estate Excise Tax 5970000 Transfers -Out $859,945 0455 309 Real Estate Excise Tax 5970000 Transfers -Out $793,601 0455 111 Impact Mitigation Fee 5970000 Transfers -Out $197,771 0455 111 Impact Mitigation Fee 5970000 Transfers -Out $861,583 0455 111 Impact Mitigation Fee 5970100 Transfers -Out $191,150 0455 206 Bond Redemption Fund 5911870 Debt Repayment - $243,000 Centralized/General Services 0455 206 Bond Redemption Fund 5917670 Debt 'Repayment - Park $45,600 Facilities 0455 206 Bond Redemption Fund 5919570 Debt Repayment - $201,400 Roads/Streets and Other Infrastructure O455 206 Bond Redemption Fund 592768 0455 302 Capital Construction 5941810 0455 302 Capital Construction 5941860 0455 302 Capital Construction 5947610 0455 302 Capital Construction 5947000 0455 304 Street Capital Projects 5951020 0455 304 Street Capital Projects 5952010 Interest and Other Debt SemiceCost-Park Facilities Capital ExpendUu - Centralized/General Services Capital Expenditures/Expenses - Centralized/General Services Capital Expend `u'=vE^p=s==Park Facilities - Capital Expenditures/Expenses - Park Facilities Capital $18,122 Expend `"'=v`^pe=="- Engineering tngineering Capital $20 Expend "''=vExp====- 0455 304 Street Capital Projects 5952060 Capital Expenditures/Expenses - Right -Of -Way 0455 304 Street Capital Projects 5953020 Capital Expenditures/Expenses - Roadway 0455 411 Water Utility 5913470 0455 411 Water Utility 5943410 Debt Repayment - Water Utilities Capital Expenditures/Expenses - Water Utilities 0455 411 Water Utility 5943460 Capital Expenditures/Expenses - Water Utilities 0455 411 Water Utility 5913470 Debt Repayment - Water Utilities 0455 411 Water Utility 5913470 Debt Repayment - Water Utilities 0455 421 Storm Drainage Utility 5821000 0455 421 Storm Drainage Utility 5913170 0455 421 Storm Drainage Utility 5913170 Refund of Deposits Debt Repayment - Storm Drainage Utilities Debt Repayment - Storm Drainage Utilities $153,492 $1,044 $24,203 $28,787 $4,772,759 $0 $200 $24,203 $0 0455 421 Storm Drainage Utility 5943110 Capital $1,005 Expend '"^'=vE^p====- Storm Drainage Utilities 0455 431 Sewer Utility 0455 431 Sewer Utility Capital Expend '`u'=vExp====- Storm Drainage Utilities DebtRepayment- lnterestand Other Debt SeniceCost-Stonn Drainage Utilities 5943560 Capital Expend itures/Expenaes- Sewer/Reclaimed Water Utilities 5943520 Capital Expenditures/Expenses - Sewer/Reclaimed Water Utilities 0455 431 Sewer Utility 5913570 DebtRepayment- Sewer/ReclaimedWater $148,}00 $1,]54 0455 500 Equipment Rental and 5914870 Debt Repayment - Public Revolving Works Centralized Services 0455 500 Equipment Rental and 5944860 Revolving 0455 500 Equipment Rental and 5944860 Revolving 0455 500 Equipment Rental and 5944860 Revolving Capital Expenditures/Expenses - Public Works Centralized Services Capital Expenditures/Expenses - Public Works Centralized Services Capital Expenditures/Expenses - Public Works Centralized Services $0 $47,815 $161,299 0455 500 Equipment Rental and 5944860 Capital $958,225 Revolving Expenditures/Expenses - Public Works Centralized Services 0455 631 Trust and Agency 5860200 Court Remittances $73,452 0455 631 Trust and Agency 5860300 Court Remittances $990 0455 631 Trust and Agency 0455 631 Trust and Agency 0455 631 Trust and Agency 5893000 Custodial Type Remittances 5893000 Custodial Type Remittances 5893000 Custodial Type Remittances $12,352 $1,152 0455 431 Sewer Utility 5823000 Non -Fiduciary $361,800 MCAG No 0455 City of Port Orchard SCHEDULE SUMMARY OF BANK RECONCLIATION For the Fiscal period ended December 31, 2024 FROM BANK STATEMENTS Bank& Investment Account name (1) Beginning Bank Balance (2) Deposits Withdrawals Ending Bank Balance (7) Receipts (3) Inter -bank transfers In (4) Disbursements (5) Inter -bank transfers out (6) Kitsap Bank Main Account $ 6,402,399 $ 46,567,836 $ 16,900,000 $ 60,343,039 $ - $ 9,527,197 Local Government Investment Pool $ 70,043,036 $ 14,506,911 $ - $ - $ 13,900,000 $ 70,649,947 Kitsap County Investment Pool $ 21,869,601 $ 6,388,706 $ $ $ 3,000,000 $ 25,258,308 Kitsap BankMoneyMarket $ 25,752 $ 52 $ $ $ - $ 25,804 Kitsap Bank Municipal Court $ 16,120 $ 38,521 $ 226,000 $ 15,408 $ 226,000 $ 39,233 Kitsap Bank Advance Travel $ 2,000 $ - $ 729 $ - $ 729 $ 2,000 Kitsap Bank Special Investigative Unit $ 1,000 $ $ - $ $ - $ 1,000 BankTotats $ 98,359,909 $ 67,502,026 $ 17,126,729 $ 60,358,446 $ 17,126,729 $ 105,503,489 FROM GENERAL LEDGER Beginning Cash& Revenues & Other Say n` i it;t }ifrF£s Expenditures& 4s3y# n 4f{ t 4`{£ f, Ending Cash& Investment Increases rut{£irz t =7 , , rF `711z{ Other Decreases rl`"ri�ist`l�t�� 423?f t r?, ' s+ 1 ? 1, Investment Balance }t �}1{r�££ fli Balance gt3t F`t {?41 ;i3%{;t Fti ?f14ti�4 iitt it�l t r yy 11 {t (21) t�`} 7�?f l;,i`�t?�'a t {<t t4u}\tr>tti {<t�iS ( ) i;,,,}`tiSfl 2 i � t7) I�r,#i�„ 22 � ,tt„ , q?�t �y s t �tt„£S'?t?t`> 4£si�'F� '3v„#' � �rP`„ytil`jttkti{}i{h�tiltt (19) (P0) ,7££'2 n7)},i`r{}4}'Z}„5z�ts {fta ;7�;fl�sS'S i11 4k {r4}{ t it' C4/C5 orTriatBatanceTotats 18 ( ) $ 94,128,088 $ 76,904,314 4'iczis'£44}irl E { u{; t3i Unreconciled Variance 1 $ $ (23) City of Port Orchard Schedule of Liabilities For the Year Ended December 31, 2024 Beginning Ending ID. No. Debt ID Title Description Due Date Balance Additions Reductions Balance General Obligation Debt/Liabilities 251.11 Non -voted General obligation G O Debt 12/1/2032 14,455,000 - 680,000 13,775,000 bonds Total General Obligation Debt/Liabilities: 14,455,000 - 680,000 13,775,000 Revenue and Other (non G.O.) Debt/Liabilities 259.12 Compensated Absences Compensated Absences 906,067 747,524 - 1,653,591 263.82 Loans and other obligations to the Drinking Water State Revolving 10/1/2038 4,540,941 - 324,353 4,216,588 federal government or other out -of Fund Loan -state governments 263.82 Loans and other obligations to the Water Quality Loan 1/2/2037 189,446 - 12,028 177,418 federal government or other out -of -state governments 264.30 Pension Liabilities Pension Liabilities 774,531 - 194,998 579,533 264.40 OPEB Liabilities OPEB Liabilities 1,549,712 - 11,374 1,538,338 263.84 Loans and other obligations to Drinking Water State Revolving 10/1/2031 460,490 - 57,561 402,929 Washington state agencies Fund Loan (Except LOCAL and PWTF loans) 263.84 Loans and other obligations to Drinking Water State Revolving 10/1/2046 - 3,680,891 92,274 3,588,617 Washington state agencies Fund Loan (Except LOCAL and PWTF loans) 263.84 Loans and other obligations to Public Works Board 6/1/2041 239,829 - 13,324 226,505 Washington state agencies (Except LOCAL and PWTF loans) 263.84 Loans and other obligations to Public Works Board 6/1/2041 12,290 - 12,290 - Washington state agencies (Except LOCAL and PWTF loans) 263.84 Loans and other obligations to Public Works Board 6/1/2041 108,131 9,484 6,265 111,350 Washington state agencies (Except LOCAL and PWTF loans) City of Port Orchard Schedule of Liabilities For the Year Ended December 31, 2024 Beginning ID. No. Debt ID Title Description Due Date Balance 263.84 Loans and other obligations to Public Works Board 6/1/2041 Washington state agencies (Except LOCAL and PWTF loans) 263.84 Loans and other obligations to Department of Ecology 6/30/2054 Washington state agencies (Except LOCAL and PWTF loans) 263.57 Leases, SBITA, and PPPs Building Lease 3/31/2025 263.57 Leases, SBITA, and PPPs Building Lease 12/31/2031 263.57 Leases, SBITA, and PPPs Body Camera & Taser Lease 2/14/2030 263.57 Leases, SBITA, and PPPs Agenda Management Software 5/7/2026 Based IT Arrangement 263.57 Leases, SBITA, and PPPs Online Permitting Software 1/23/2025 Based IT Arrangement 263.57 Leases, SBITA, and PPPs Permitting Software Based IT 12/31/2028 Arrangement 263.57 Leases, SBITA, and PPPs Asset Management Software 1/31/2027 Based IT Arrangement 263.57 Leases, SBITA, and PPPs Automated Meter Interface 10/21/2034 Software Based IT Arrangement Total Revenue and Other (non G.O.) Debt/Liabilities: Total Liabilities: 123,119 467,805 14,856 378,200 215,203 16,612 15,000 20,590 10,032,822 24,487,822 Ending Additions Reductions Balance 7,141 6,875 123,385 10,597,327 - 11,065,132 - 11,867 2,989 - 44,064 334,136 377,283 215,203 377,283 - 8,025 8,587 - 15,000 - 106,383 20,590 106,383 217,272 68,749 148,523 267,206 - 267,206 16,010,511 1,114,840 24,928,493 16,010,511 1,794,840 38,703,493 City of Port Orchard Schedule of Expenditures of State Financial Assistance For the Year Ended December 31, 2024 State Agency Name State Award from Other Judicial Agencies State Award from Other Judicial Agencies State Award from Recreation and Conservation Office State Award from Traffic Safety Commission State Award from Department of Transportation State Award from Department of Transportation State Award from Department of Commerce State Award from Department of Commerce State Award from Department of Commerce Program Title Funding for Public Defense Improvement Court Interpreter services Youth Athletic Facilities Emphasis Patrol Safe Routes to School Ped Bike Safety Identification Number Total GRT24039 IAA24441 22-1588D Sub -Total: Sub -Total: 2024-HVE-5119-Region 9 Target Zero Task Force Sub -Total: LA-10834 LA-11015 Sub -Total: GMA Periodic Update 24-63335-242 Middle Housing 24-63336-132 Public Works Board Pre -Construction PR24-96103-006 Program Sub -Total: State Award from Transportation Improvement Urban Arterial Program 8-2-153(003)-1 Board (TIB) State Award from Transportation Improvement Complete Streets C-W-153(001)-1 Board (TIB) Report based on unaudited annual report submissions as of 5/30/2025 12,000 2,363 14,363 28,241 28,241 5,331 5,331 167,289 5,995 173,284 62,500 25,000 222 87,722 914,366 650,000 Page: 1 of 2 State Agency Name Program Title Identification Number Sub -Total: State Award from Department of Ecology Water Quality Combined Financial WQSWCAP-2325- Assistance PoOrPW-00057 Sub -Total: Total State Grants Expended: Total 1,564,366 107,596 107,596 1,980,903 Report based on unaudited annual report submissions as of 5/30/2025 Page: 2 of 2 Federal Agency (Pass -Through Agency) FEDERAL HIGHWAY ADMINISTRATION, TRANSPORTATION, DEPARTMENT OF (via WA State Dept of Transportation) FEDERAL HIGHWAY ADMINISTRATION, TRANSPORTATION, DEPARTMENT OF (via WA State Dept of Transportation) City of Port Orchard Schedule of Expenditures of Federal Awards For the Year Ended December 31, 2024 Expenditures From Pass- ALN Other Award Through From Direct Federal Program Number Number Awards Awards Highway Planning and 20.205 STPUL-9918 42,299 Construction (021) LA10296 Highway Planning and 20.205 CDS-0166 577,813 Construction (013) Total ALN 20.205: 620,112 U.S. COAST GUARD, Boating Safety Financial 97.012 n/a 10,672 HOMELAND SECURITY, Assistance DEPARTMENT OF (via WA State Parks & Recreation Commission) FEDERAL EMERGENCY State and Local 97.137 E24-198 36,450 MANAGEMENT AGENCY, Cybersecurity Grant HOMELAND SECURITY, Program Tribal DEPARTMENT OF (via Cybersecurity Grant Washington Military Department) Program Total Federal Awards Expended: 667,234 The accompanying notes are an integral part of this schedule. Total 42,299 577,813 Passed through to Subrecipients Note 620,112 - 10,672 - 36,450 - 667,234 CITY OF PORT ORCHARD Notes to Schedule of Expenditures of Federal Awards January 1, 2024 through December 31, 2024 NOTE 1. Basis of Accounting This Schedule is prepared on the same basis of accounting as the City's financial statements. The City uses the cash basis of accounting, in accordance with the Cash Basis Budgeting, Accounting and Reporting System (BARS) .Manual prescribed by the State Auditor's Office under the authority of Washington State law, Chapter 43.09 RCW. NOTE 2. — Federal De Minimis Indirect Cost Rate The City has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. NOTE 3. Program Costs The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs including the City's portion are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Belong to a public entity risk pool Belong to a public entity risk pool Report based on unaudited annual report submissions as of 5/30/2025 City of Port Orchard Schedule 21 Questions 1-6 (unaudited) For Fiscal Year Ended: 2024 Pay taxes to the Department of Employment Pay premiums to the Department of Security (" Taxable' Labor and Industries Pay premiums to the State's program City of Port Orchard for both benefits Report based on unaudited annual report submissions as of 5/30/2025 City/Town