2008 Budget Book - Kitsap County Government

General Government – Other Funds
Treasurer
Purpose:
The Treasurers office holds a key position of public trust in the financial affairs of local government.
The following are the main services provided:
• Acts as the bank for the county, school districts, fire districts, water districts, port districts and
other units of local government. Monies not needed for immediate expenditure are invested by
the Treasurer.
• Collects and distributes real and personal property taxes, real estate excise taxes, special
assessments and such fees that may be collected together with property taxes.
• Distrains and sells personal property for nonpayment of taxes. Real property is subject to
foreclosure for nonpayment of taxes and/or special assessments and is sold at auction.
• Disposes of all property declared surplus by the Board of County Commissioners.
2007 Accomplishments:
• Continued enhancements to the Land Information System for the collection of property taxes.
• Enhanced the Website with more detailed information on property taxes and foreclosure properties.
• 118,500 Tax Accounts accurately billed and collected.
• Distributed all tax collections accurately to County departments and junior taxing districts on a daily
basis.
• Issued monthly Treasurer’s Cash Reports to all County departments and junior taxing districts for
which we function as ex-officio Treasurer.
• Continued to utilize the countywide investment pool which has increased earnings by $19,200,000
over the past 9 years.
• Utilized technology to improve the efficiency of the automated warrant reconciliation process.
• Processed 9,917 Real Estate Excise transactions.
• Billed and collected assessments for 27 water, sewer and road districts.
• Processed over $2.3 billion in banking transactions on behalf of the county and junior taxing districts.
• Processed in excess of 4,500 refunds to taxpayers (senior citizen exemptions, Board of Equalization
changes etc.)
2008 Goals and Objectives:
• We will contribute to Effective and Efficient County Services by maximizing county revenue in
three ways. 1) Maximize the value of investing in the Kitsap County Investment Pool. 2)
Manage the number of days required to process the mass tax collection for April and October. 3)
Decrease tax delinquency at year-end.
Performance Measures:
• Maximize the value of investing in the Kitsap County Investment Pool.
Kitsap County Pool returns vs.
Washington State Local Government
Investment Pool
Kitsap County
Washington State
Value to Kitsap County Investment Pool
members
2005
Actual
2006
Actual
2007
Actual
2008
Forecast
3.17 4.20 5.02 2.75
3.14 4.90 5.12 2.50
-172,644 -2,535,000 -336,000 875,000
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