HomeMy WebLinkAboutFY 2024 Annual Report (2)City of Port Orchard
2024
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
ANNUAL REPORT CERTIFICATION
City of Port Orchard
(Official Name of Government)
0455
MCAG No.
Submitted pursuant to RCW 43.09.230 to the Washington State Auditor's Office
For the Fiscal Year Ended 12/31/2024
GOVERNMENT INFORMATION:
Official Mailing Address
216 Prospect St
Port Orchard, WA 98366
Official Website Address
https://portorchardwa.gov/
Official E-mail Address
ncrocker@portorchardwa.gov
Official Phone Number
(360) 876-7023
AUDIT CONTACT or PREPARER INFORMATION and CERTIFICATION:
Audit Contact or Preparer Name and Title Rebecca Zick Assistant Finance Director
Contact Phone Number
360-876-7021
Contact E-mail Address
rzick@portorchardwa.gov
I certify 30th day of May, 2025, that annual report information is complete, accurate and in conformity
with the Budgeting, Accounting and Reporting Systems Manual, to the best of my knowledge and belief,
having reviewed this information and taken all appropriate steps in order to provide such certification. I
acknowledge and understand our responsibility for the design and implementation of controls to ensure
accurate financial reporting, comply with applicable laws and safeguard public resources, including
controls to prevent and detect fraud. Finally, I acknowledge and understand our responsibility for
immediately submitting corrected annual report information if any errors or an omission in such
information is subsequently identified.
Signatures
Rebecca Zick (rzick@portorchardwa.gov)
City of Port Orchard
Fund Resources and Uses Arising from
Cash Transactions
For the
Year Ended December 31, 2024
Total for All
104 Special
Funds
103 Criminal
Investigative
(Memo Only) 001
General
Justice
Unit
Beginning Cash and Investments
308 Beginning Cash and Investments
94,128,061
24,452,625
752,331
101,905
388 / 588 Net Adjustments
-
-
-
-
Revenues
310 Taxes
18,255,311
15,812,620
397,315
-
320 Licenses and Permits
1,707,412
1,691,462
-
-
330 Intergovernmental Revenues
2,328,848
896,927
59,717
-
340 Charges for Goods and Services
29,301,119
827,626
-
-
350 Fines and Penalties
190,898
106,415
-
-
360 Miscellaneous Revenues
5,154,936
1,497,108
34,869
4,519
Total Revenues:
56,938,524
20,832,158
491,901
4,519
Expenditures
510 General Government
4,992,239
4,447,786
-
-
520 Public Safety
6,461,638
5,869,328
591,982
328
530 Utilities
10,390,490
-
-
-
540 Transportation
3,590,223
2,640,840
-
-
550 Natural/Economic Environment
2,985,690
2,862,647
-
-
560 Social Services
57,639
57,639
-
-
570 Culture and Recreation
885,867
885,867
-
-
Total Expenditures:
29,363,786
16,764,107
591,982
328
Excess (Deficiency) Revenues over Expenditures:
27,574,738
4,068,051
(100,081)
4,191
Other Increases in Fund Resources
391-393, 596 Debt Proceeds
14,294,843
-
-
-
397 Transfers -In
5,123,618
-
-
-
385 Special or Extraordinary Items
-
-
-
-
381, 382, 389, Other Resources
450,566
55,869
-
-
395, 398
Total Other Increases in Fund Resources:
19,869,027
55,869
-
-
Other Decreases in Fund Resources
594-595 Capital Expenditures
32,647,283
88,847
-
-
591-593, 599 Debt Service
2,200,129
95,686
75,424
-
597 Transfers -Out
5,123,618
2,219,568
-
-
585 Special or Extraordinary Items
-
-
-
-
581, 582, 589 Other Uses
378,588
16,588
-
-
Total Other Decreases in Fund Resources:
40,349,618
2,420,689
75,424
-
Increase (Decrease) in Cash and Investments:
7,094,147
1,703,231
(175,505)
4,191
Ending Cash and Investments
50821 Nonspendable
-
-
-
-
50831 Restricted
22,841,320
2,120,978
576,826
91,806
50841 Committed
30,094
30,094
-
-
50851 Assigned
57,048,982
2,702,972
-
14,290
50891 Unassigned
21,301,812
21,301,812
-
-
Total Ending Cash and Investments
101,222,208
26,155,856
576,826
106,096
The accompanying notes are an integral part of this statement.
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
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
994,053
78,505
2,178
3,090,038
417,356
472,384
17,989
11,214,726
517,371
472,384
17,989
11,214,726
517,371
The accompanying notes are an integral part of this statement.
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
302 Capital 304 Street
Construction Capital Projects
7,895,079 2,152,920
309 Real Estate
Excise Tax 411 Water Utility
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
The accompanying notes are an integral part of this statement.
City of Port Orchard
Fund Resources and Uses Arising from Cash Transactions
For the Year Ended December 31, 2024
500 Equipment
421 Storm
431 Sewer
Rental and
Drainage Utility
Utility
Revolving
Beginning Cash and Investments
308 Beginning Cash and Investments
2,557,380
24,009,677
3,784,187
388 / 588 Net Adjustments
-
-
-
Revenues
310 Taxes
-
-
-
320 Licenses and Permits
15,950
-
-
330 Intergovernmental Revenues
-
71,787
-
340 Charges for Goods and Services
2,890,855
11,410,930
3,943,302
350 Fines and Penalties
24,278
26,999
-
360 Miscellaneous Revenues
140,249
1,155,744
230,462
Total Revenues:
3,071,332
12,665,460
4,173,764
Expenditures
510 General Government
-
-
-
520 Public Safety
-
-
-
530 Utilities
1,501,670
5,288,579
-
540 Transportation
-
-
710,404
550 Natural/Economic Environment
-
-
-
560 Social Services
-
-
-
570 Culture and Recreation
-
-
-
Total Expenditures:
1,501,670
5,288,579
710,404
Excess (Deficiency) Revenues over Expenditures:
1,569,662
7,376,881
3,463,360
Other Increases in Fund Resources
391-393, 596 Debt Proceeds
-
10,604,468
-
397 Transfers -In
43,104
-
-
385 Special or Extraordinary Items
-
-
-
381, 382, 389, Other Resources
799
365,167
21,633
395, 398
Total Other Increases in Fund Resources:
43,903
10,969,635
21,633
Other Decreases in Fund Resources
594-595 Capital Expenditures
53,998
11,778,538
1,780,551
591-593, 599 Debt Service
244,064
107,688
-
597 Transfers -Out
-
-
-
585 Special or Extraordinary Items
-
-
-
581, 582, 589 Other Uses
200
361,800
-
Total Other Decreases in Fund Resources:
298,262
12,248,026
1,780,551
Increase (Decrease) in Cash and Investments:
1,315,303
6,098,490
1,704,442
Ending Cash and Investments
50821 Nonspendable
-
-
-
5083 1 Restricted
-
-
-
50841 Committed
-
-
-
50851 Assigned
3,872,683
30,108,167
5,488,629
50891 Unassigned
-
-
-
Total Ending Cash and Investments
3,872,683
30,108,167
5,488,629
The accompanying notes are an integral part of this statement.
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:
GOVERNMENTAL FUND TYPES:
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 104 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 107 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 1.1.1 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 REET 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 (HRA/VEBA). 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
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:
Fund
2023-2024 Final
Appropriated
Biennial Budget
2023 Actual
Expenditures
2024 Actual
Expenditures
Variance
General Fund:
Fund: 001 -Current Expense
$ 47,374,200
$ 14,523,124
$ 16,611,682
$ 16,239,394
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
-
-
1,066,50O
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 — Long -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
12/31/2024
01/01/2024
Compensated Absences*
$ 906,067
$ 747,524
$ 1,653,591
*additions and reductions are reported as a net change
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
Drinking Water State Revolving Fund Loan
Well 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 tasers 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 Technology 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 party 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 1 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
RMSA 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 1st to December 31st) prior to the date of the adjustment.
Such adjustment shall take effect on March 1st 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 1st to December 31st) prior to the date of the adjustment.
Such adjustment shall take effect on March 1st 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. 13 390 to 580 Zone Booster Station 2nd Lift (Glenwood) ($725,000)
3. CIP No. 14 390 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 C 110-22 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
For the year ended December 31, 2024
0455 001 General
3131100
Local Retail Sales and
Use Tax
$8,031,757
0455 001 General
3164100
Business and
Occupation Taxes on
Utilities
$1,007,925
0455 001 General
3164300
Business and
Occupation Taxes on
Utilities
$385,793
0455 001 General
3164500
Business and
Occupation Taxes on
Utilities
$273,812
0455 001 General
3164700
Business and
Occupation Taxes on
Utilities
$199,471
0455
001
General
3168100
Gambling Tax - Punch
$108,511
Boards and Pull Tabs
0455
001
General
3168300
Gambling Tax -
$1,150
Amusement Games
0455
001
General
3172000
Leasehold Excise Tax
$70,509
0455
001
General
3181100
Admissions Tax
$3
0455
001
General
3213000
Police and Protective
$872
0455
001
General
3216000
Professional and
$118
Occupations
0455
001
General
3217000
Amusements
$1,700
0455
001
General
3219902
Other Business Licenses
$265
and Permits
0455
001
General
3221000
Buildings, Structures
$1,564,891
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
3340120
State Award from Other
Judicial Agencies
$15,235
0455 001 General
3340350
State Award from Traffic
Safety Commission
$4,915
0455 001 General 3360084 Vessel Registration Fees
0455 001 General 3360694 Liquor/Beer Excise Tax
0455 001 General
3370000 Local Awards,
Entitlements, Tribal
Government
Distributions, and Other
Payments
$13,675
$92,949
$123,888
$1,000
0455 001 General 3413300 District/Municipal Court - $1,325
Administrative Fees
0455 001 General
3418100
Data/Word Processing,
Printing, Duplicating and
IT Services
$1,289
0455 001 General 3419500 Legal Services $355
0455 001 General 3421000 Law Enforcement $8,061
Services
0455 001 General 3423300 Detention and $38,943
Correction Services
0455
001
General
3424001
Protective Inspection
$300
Services
0455
001
General
3425000
Disaster Preparation
$5,067
Services
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
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 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
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
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
$1,272,696
0455
001
General
3132100
Public Transportation
$941,955
Systems Sales and Use
Tax
001 General 3224000 Street and Curb Permits $9,770
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 3611100 Investment Earnings $24,072
0455 108 Paths & Trails 3611100 Investment Earnings $879
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 111 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 $832,675
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 3611100 Investment Earnings $54,627
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 $1,039,291
and Services
0455 421 Storm Drainage Utility 3431099 Storm Drainage Sales $58,250
and 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
$1,087,868
Sales and 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
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
$3,315,443
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 $292,000
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
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3480000
Revolving
0455
500
Equipment
Rental and
3611100
Revolving
0455
500
Equipment
Rental and
3699100
Revolving
0455
431
Sewer Utility
3435000
0455
431
Sewer Utility
3611100
0455
001
General
3089100
0455
001
General
3083100
0455
001
General
3083101
Internal Service Funds
$122,529
Sales and Services
Internal Service Funds
$91,176
Sales and Services
Internal Service Funds
$73,000
Sales and Services
Internal Service Funds
$72,800
Sales and Services
Internal Service Funds
$66,190
Sales and Services
Internal Service Funds
$64,800
Sales and Services
Internal Service Funds
$63,100
Sales and Services
Internal Service Funds
$51,284
Sales and Services
Internal Service Funds
$48,700
Sales and Services
Internal Service Funds
$31,099
Sales and Services
Internal Service Funds
$12,003
Sales and Services
Internal Service Funds
$11,360
Sales and Services
Internal Service Funds
$6,871
Sales and Services
Investment Earnings
$224,875
Miscellaneous Other
$5,587
Operating
Sewer/Reclaimed Water
$1,393,007
Sales and Services
Investment Earnings
$323,866
Committed Cash and
$65,616
Investments - Beginning
Unassigned Cash and
$17,042,151
Investments - Beginning
Restricted Cash and
$169,737
Investments - Beginning
Restricted Cash and
$31,215
Investments - Beginning
0455 001 General 3083101
0455 001 General 3085100
0455 103 Criminal Justice 3083100
0455
104
Special Investigative Unit
3083100
0455
107
Community Events
3083100
0455
108
Paths & Trails
3083100
0455 309 Real Estate Excise Tax 3083100
0455
111
Impact Mitigation Fee
3083100
0455
111
Impact Mitigation Fee
3083100
0455
111
Impact Mitigation Fee
3083100
0455 302 Capital Construction 3083100
0455 304 Street Capital Projects 3083100
0455 304 Street Capital Projects 3085100
Restricted Cash and
$17,984
Investments - Beginning
Restricted Cash and
$757,513
Investments - Beginning
Assigned Cash and
$3,271,326
Investments - Beginning
Unassigned Cash and
$3,071,750
Investments - Beginning
Restricted Cash and
$752,331
Investments - Beginning
Assigned Cash and
$13,435
Investments - Beginning
Restricted Cash and
$88,470
Investments - Beginning
Restricted Cash and
$393,879
Investments - Beginning
Restricted Cash and
$15,811
Investments - Beginning
Restricted Cash and
$6,067,090
Investments - Beginning
Restricted Cash and
$0
Investments - Beginning
Restricted Cash and
$1,945,092
Investments - Beginning
Restricted Cash and
$5,413,445
Investments - Beginning
Restricted Cash and
$419,466
Investments - Beginning
Restricted Cash and
$346,685
Investments - Beginning
Restricted Cash and
$100,015
Investments - Beginning
Restricted Cash and
$7,606,594
Investments - Beginning
Assigned Cash and
$288,485
Investments - Beginning
Restricted Cash and
$154,837
Investments - Beginning
Restricted Cash and
$690,474
Investments - Beginning
Assigned Cash and
$1,307,609
Investments - Beginning
0455 411 Water Utility 3085100 Assigned Cash and $1,016,949
Investments - Beginning
0455 411 Water Utility 3085100 Assigned Cash and $8,258,227
Investments - Beginning
0455 411 Water Utility 3085100 Assigned Cash and $0
Investments - Beginning
0455 421 Storm Drainage Utility 3085100 Assigned Cash and $571,363
Investments - Beginning
0455
421
Storm Drainage Utility
3085100
Assigned Cash and
$0
Investments - Beginning
0455
431
Sewer Utility
3085100
Assigned Cash and
$7,776,466
Investments - Beginning
0455
431
Sewer Utility
3085100
Assigned Cash and
$1,521,909
Investments - Beginning
0455
431
Sewer Utility
3085100
Assigned Cash and
$7,436,396
Investments - Beginning
0455
431
Sewer Utility
3085100
Assigned Cash and
$863,148
Investments - Beginning
0455
631
Trust and Agency
3083100
Restricted Cash and
$27
Investments - Beginning
0455
431
Sewer Utility
3085100
Assigned Cash and
$6,411,758
Investments - Beginning
0455
001
General
5113010
Official Publication
$88,363
Services
0455
001
General
5113020
Official Publication
$29,961
Services
0455
001
General
5113030
Official Publication
$412
Services
0455
001
General
5116010
Legislative
Activities
$86,000
0455
001
General
5116020
Legislative
Activities
$9,981
0455
001
General
5116030
Legislative
Activities
$1,238
0455
001
General
5116040
Legislative
Activities
$22,042
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
5142010
Financial Services
$87,352
0455
001
General
5142020
Financial Services
$27,735
0455
001
General
5142030
Financial Services
$691
0455
001
General
5142040
Financial Services
$31,277
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
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 5188840 Information Technology $187,992
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 5246040 Enforcement of Codes $907
and Regulation
0455 001 General 5585020 Building Permits and $240,739
Plan Reviews
0455
001
General
5585040
Building Permits and
$540,911
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 I
General
5593040
Property Development
$1,718
0455
001
General
5620040
Public Health Services
$52,555
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 5739030 Other Cultural and $10,168
Community Events
0455 001 General 5755010 Multipurpose and $758
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
5212030
Police Operations
$3,572
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
5212040
Police Operations
$387,707
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
111
Impact Mitigation Fee
5449040
Operations
$238,979
Administration and
Overhead
0455
411 ?
Water Utility
5341010
Water Utilities
$1,072,045
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 5351030 Sewer/Reclaimed Water $25,313
Utilities
0455 431 Sewer Utility 5352030 Sewer/Reclaimed Water $21,287
Utilities
0455 431 Sewer Utility 5353030 Sewer/Reclaimed Water $77,618
Utilities
0455 500 Equipment Rental and 5483010 Mechanical Shops $222,339
Revolving
0455 500 Equipment Rental and 5483030 Mechanical Shops $87,524
Revolving
0455 500 Equipment Rental and 5485040 Fuel Depots $1,143
Revolving
Motor Pool Services $53,946
0455 500 Equipment Rental and 5487040
Revolving
0455 431 Sewer Utility 5352040
0455 001 General 5083100
0455 001 General 5083100
0455
001
General
5083100
0455
001
General
5084100
0455
001
General
5089100
0455 001 General 5085100
0455
103
Criminal Justice
5083100
0455
104
Special Investigative Unit
5085100
0455
104
Special Investigative Unit
5083100
0455 108 Paths & Trails 5083100
0455 309 Real Estate Excise Tax 5083100
Sewer/Reclaimed Water
$200,000
Utilities
Restricted Cash and
$180,966
Investments - Ending
Restricted Cash and
$25,967
Investments - Ending
Restricted Cash and
$150,671
Investments - Ending
Restricted Cash and
$17,984
Investments! - Ending
Restricted Cash and
$0
Investments - Ending
Committed Cash and
$30,094
Investments - Ending
Unassigned Cash and
$18,066,427
Investments - Ending
Restricted Cash and
$1,745,390
Investments - Ending
Assigned Cash and
$2,702,972
Investments - Ending
Unassigned Cash and
$3,235,385
Investments - Ending
Restricted Cash and
$576,826
Investments - Ending
Assigned Cash and
$14,290
Investments - Ending
Restricted Cash and
$91,806
Investments - Ending
Restricted Cash and
$472,384
Investments - Ending
Restricted Cash and
$17,989
Investments - Ending
Restricted Cash and
$6,523,527
Investments - Ending
Restricted Cash and
$0
Investments - Ending
0455
111
Impact Mitigation Fee
5083100
Restricted Cash and
$6,847,926
Investments - Ending
0455
111
Impact Mitigation Fee
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
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
$2,754,462
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 `
$2,328,243
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
$8,754,383
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 631 Trust and Agency
0455 001 General
0455 001 General
5083100 Restricted Cash and
Investments - Ending
5085100 Assigned Cash and
Investments - Ending
3821000 Refundable Deposits
3899000 Holding and Clearing
Account Transactions
$188
$40,013
$53
0455
001
General
3981000
Insurance Recoveries
$5,974
(Cash Basis)
0455
206
Bond Redemption Fund
3970000
Transfers -In
$1,395,642
0455
302
Capital Construction
3970000
Transfers -In
$2,140,324
0455
304
Street Capital Projects
3970000
Transfers -In
$1,544,548
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 3893002
0455 631 Trust and Agency 3893004
0455 631 Trust and Agency 3893006
Custodial Type $12,352
Collections
Custodial Type $1,188
Collections
Custodial Type $398
Collections
0455 001 General 5821000 Refund of Deposits $16,588
0455 001 General 5911270 Debt Repayment - $0
Judicial 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
$2,219,568
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
0455 206 Bond Redemption Fund 5927680 Interest and Other Debt
Service Cost - Park
Facilities
$9,380
0455 302 Capital Construction 5941810
$29,643
Capital
Expenditures/Expenses -
Centralized/General
Services
0455 302 Capital Construction 5941860
$8,512,469
Capital
Expenditures/Expenses -
Centralized/General
Services
0455 302 Capital Construction 5947610
Capital
Expenditures/Expenses -
Park Facilities
$1,878
0455 302 Capital Construction 5947660
Capital
Expenditures/Expenses -
Park Facilities
$182,018
0455 304 Street Capital Projects 5951020 Capital
Expenditures/Expenses-
Engineering
$18,122
0455 304 Street Capital Projects 5952010 Capital $208
Expenditures/Expenses-
Right-Of-Way
0455 304 Street Capital Projects 5952060
Capital
Expenditures/Expenses-
Right-Of-Way
$153,492
0455 304 Street Capital Projects 5953020 Capital $1,044
Expenditures/Expenses-
Roadway
0455 411 Water Utility
5913470
Debt Repayment -
Water Utilities
$24,203
0455 411 Water Utility 5943410 Capital
Expenditures/Expenses -
Water Utilities
$28,787
0455 411 Water Utility
$4,772,759
0455 411 Water Utility
5943460 Capital
Expenditures/Expenses -
Water Utilities
5913470 Debt Repayment -
Water Utilities
5913470 Debt Repayment -
Water Utilities
$0
0455 421 Storm Drainage Utility 5821000 Refund of Deposits $200
0455 421 Storm Drainage Utility 5913170 Debt Repayment - $24,203
Storm Drainage Utilities
0455 421 Storm Drainage Utility 5913170 Debt Repayment - $0
Storm Drainage Utilities
0455 421 Storm Drainage Utility 5943110 Capital $1,005
Expenditures/Expenses -
Storm Drainage Utilities
0455 421 Storm Drainage Utility 5943160
Capital
Expenditures/Expenses -
Storm Drainage Utilities
$43,104
0455 421 Storm Drainage Utility 5913170
Debt Repayment -
Storm Drainage Utilities
Debt Repayment -
Storm Drainage Utilities
0455 421 Storm Drainage Utility 5923180
Interest and Other Debt
Service Cost - Storm
Drainage Utilities
$55,336
0455 431 Sewer Utility
$1,354
5943560 Capital
Expenditures/Expenses-
Sewer/Reclaimed Water
Utilities
0455 431 Sewer Utility
$10,743
5943520 Capital
Expenditures/Expenses-
Sewer/Reclaimed Water
Utilities
$148,000
0455 431 Sewer Utility 5913570 Debt Repayment - $41,199
Sewer/Reclaimed Water
Utilities
0455 500 Equipment Rental and 5914870 Debt Repayment - Public
Revolving Works Centralized
Services
0455 500 Equipment Rental and 5944860
Revolving
$47,815
Capital
Expenditures/Expenses-
Public Works Centralized
Services
0455 500 Equipment Rental and 5944860
Revolving
$108,995
Capital
Expenditures/Expenses-
Public Works Centralized
Services
0455 500 Equipment Rental and 5944860
Revolving
$161,299
Capital
Expenditures/Expenses-
Public Works Centralized
Services
$0
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
5893000 Custodial Type
Remittances
$12,352
0455 631 Trust and Agency 5893000 Custodial Type $1,152
Remittances
0455 431 Sewer Utility 5823000 Non -Fiduciary $361,800
Remittance for Others
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)
KitsapBankMainAccount
$ 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 BankAdvance Travel
$ 2,000
$ -
$
729
$ -
$
729
$ 2,000
Kitsap Bank Special Investigative Unit
$ 1,000
$ -
$
-
$ -
$
-
$ 1,000
$ -
$
-
$ -
$
-
$
BankTotals
$ 98,359,909
$ 67,502,026
$
17,126,729
$ 60,358,446
$
17,126,729
$ 105,503,489
FROM GENERAL LEDGER
Beginning Cash &
g g'II�I�fnt2fl�
Revenues
f� }}7n12z''.;:j
jjjgg �{s„utF r�lc sr„�'
() irl rt
i� iri
Expenditures
P
�z1}17 f{tttN 55}1 ₹ Si{j'
77�1t�tFF��I,}rt77Fjt�tFz�FFFr I;+rli�Jrrl Ending Cash &
� by �J}}iUt 4t���2 t;yi
j}iil��1 4 s�{"I'II
++s r�,zi�,5#4;{� i}4{(it}tr}
Investment
Increases
��i}';tt,`�`kj�'� ���
Ill ��k{zr, it
Other Decreases
{
rs r,F i I st}t#�i )�t�'r� Investment Balance
�,� ,
Balance
()
(22)
(19)
(20)C4/C5
i`22,�I�
t{ftti itt tti iri iti
„?}{;� (,, i
♦�i Site ��tsf}}St
or Trial Balance (18)
94,128,088
76,904,314
�%71�illlti ��; ih, Ilrty ii
69,810,006
y,₹y;₹e,e rf} $ 101,222,396
Unreconciled Variance (23)ls
$
$
$��;"�e
';';i„<,'s''{" $ -
City of Port Orchard
Schedule of Liabilities
For the Year Ended December 31, 2024
Beginning
ID. No. Debt ID Title Description Due Date Balance
General Obligation Debt/Liabilities
251.11
Non -voted General obligation
G O Debt
bonds
Total General Obligation Debt/Liabilities:
Revenue and Other (non G.O.) Debt/Liabilities
259.12
Compensated Absences
Compensated Absences
263.82
Loans and other obligations to the
Drinking Water State Revolving
federal government or other out -of
Fund Loan
-state governments
263.82
Loans and other obligations to the
Water Quality Loan
federal government or other out -of
-state governments
264.30
Pension Liabilities
Pension Liabilities
264.40
OPEB Liabilities
OPEB Liabilities
263.84
Loans and other obligations to
Drinking Water State Revolving
Washington state agencies
Fund Loan
(Except LOCAL and PWTF loans)
263.84
Loans and other obligations to
Drinking Water State Revolving
Washington state agencies
Fund Loan
(Except LOCAL and PWTF loans)
263.84
Loans and other obligations to
Public Works Board
Washington state agencies
(Except LOCAL and PWTF loans)
263.84
Loans and other obligations to
Public Works Board
Washington state agencies
(Except LOCAL and PWTF loans)
263.84
Loans and other obligations to
Public Works Board
Washington state agencies
(Except LOCAL and PWTF loans)
Ending
Additions Reductions Balance
12/1/2032
14,455,000 -
680,000
13,775,000
14,455,000 -
680,000
13,775,000
906,067 747,524
-
1,653,591
10/1/2038
4,540,941 -
324,353
4,216,588
1/2/2037
189,446 -
12,028
177,418
774,531 -
194,998
579,533
1,549,712 -
11,374
1,538,338
10/1/2031
460,490 -
57,561
402,929
10/1/2046
- 3,680,891
92,274
3,588,617
6/1/2041
239,829 -
13,324
226,505
6/1/2041
12,290 -
12,290
-
6/1/2041
108,131 9,484
6,265
111,350
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
Police Equipment 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
Ending
Additions Reductions Balance
7,141 6,875 123,385
10,597,327
377,283
106,383
217,272
267,206
16,010,511
24, 487, 822 16, 010, 511
-
11, 065,132
11,867
2,989
44,064
334,136
215,203
377,283
8,025
8,587
15,000
-
20,590
106,383
68,749
148,523
-
267,206
1,114,840
24,928,493
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 9/11/2025
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 Total
Sub -Total: 1,564,366
State Award from Department of Ecology Water Quality Combined Financial WQSWCAP-2325- 107,596
Assistance PoOrPW-00057
Sub -Total: 107,596
Total State Grants Expended: 1,980,903
Report based on unaudited annual report submissions as of 9/11/2025 Page: 2 of 2
City of Port Orchard
Schedule of Expenditures of Federal Awards
For the Year Ended December 31, 2024
Expenditures
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)
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
Subrecinients 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.
City of Port Orchard
Schedule 21 Questions 1-6 (unaudited)
For Fiscal Year Ended: 2024
Belong to a public entity risk pool Belong to a public entity risk pool
Report based on unaudited annual report submissions as of 9/11/2025
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 9/11/2025
City/Town