2008 Budget Book - Kitsap County Government

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Appendix A Policies XVII. REPORTING The investment officer will prepare a monthly written report of investment activity to be distributed to the Kitsap County Finance Committee, a weekly written report to the Kitsap County Treasurer, and such other reports as may be required by the Treasurer or Finance Committee. XVIII. PROCEDURES MANUAL The investment officer will maintain written procedures manual. The manual will provide sufficient guidance and information to ensure the continuity of the Kitsap County Investment Pool and related banking relationships. A glossary of common treasury terminology will be included in the manual. XIV. INVESTMENT POLICY ADOPTION This investment policy shall be adopted by vote of the County Finance Committee, and any modifications to it, except the attached addendum which are under the approval of the County Treasurer, shall be similarly approved. Approved by the Kitsap County Finance Committee, May 20, 1999. s/Sharon Shrader, County Treasurer, Committee Chair s/Charlotte Garrido, County Commissioner, Committee Member s/Karen Flynn, County Auditor, Committee Secretary A6
Appendix A Policies Debt Policy Responsibilities The Board of County Commissioners may initiate all debt issuance upon request of elected officials or department heads or in accordance with the County’s Capital Facilities Plan (CFP). Any debt issued by the County shall be authorized through Resolution adopted by the Board of Commissioners. The County Administrator and/or Director of Administrative Services shall make recommendations to the Board of Commissioners on requests for action on financing. The County Administrator and/or Director of Administrative Services shall provide the activities and services required for the issuance of debt, in consultation with required professionals and other service providers. The County Administrator and/or Director of Administrative Services shall inform the County’s Finance Committee of all debt issuance plans and the status of financings in process. The County Administrator shall coordinate the updates of the CFP, as needed, and provide a copy to the Finance Committee any time it is changed. The County Treasurer will be notified at least 30 days in advance of authorization of the issuance of bonds or the incurrence of other certificates of indebtedness (Chapter 39.46.110 RCW). The County Treasurer will be provided with draft resolutions, official statements and similar bond issuance documents in sufficient time to review and provide comments prior to completion of final drafts. The County Treasurer shall receive any bond proceeds on behalf of the County, and provide a receipt thereof. The County Treasurer shall be responsible for the payment of the County’s debt service. Debt and Capital Planning The County shall develop a Capital Facilities Plan that lists the capital plans and needs of the County for a six year period (Chapter 36.70A.070 RCW). The plan shall include a description of each project or need identified, projected cost and timing of capital expenditures over a six year period, and sources of funds identified for the project and/or payment of debt issued for the project. The CFP shall be adopted by the Board of Commissioners and a copy shall be provided to the Finance Committee whenever it is amended or readopted. Based upon the projects and priorities listed in the CFP, the County Administrator and/or Director of Administrative Services will develop a plan for financing and calendar of debt issuance if anticipated to address the financing needs. A copy of this plan will be provided to the Finance Committee. Credit Objectives The County will seek to maintain the highest possible credit ratings for all categories of debt, without compromising delivery of basic County services and achievement of the County’s policy objectives. It is the County’s goal to maintain a long term bond rating in the “A” category. Policies intended to support the maintenance of the County’s current ratings are contained throughout this Debt Policy and include: 1) Length of debt and payback goals; 2) Purpose, type and use of debt; and 3) Capital planning 4) Available unreserved fund balances The County has established a methodology to determine a target fund balance for the current expense fund each year, based on an analysis of annual cash flow, revenue volatility and emergency disaster recovery. The target is between 5 and 7.5% of expected annual revenue. For all bond issues, the County will seek one or more commitments for municipal bond insurance which will indicate the insurer’s willingness to insure the timely payment of principal and interest, and the proposed cost A7
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2008 Budget Book Kitsap County Wash
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KITSAP COUNTY 2008 BUDGET Adopted b
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The Government Finance Officers Ass
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T A B L E O F C O N T E N T S Page
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KITSAP COUNTY OFFICIALS ELECTED OFF
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County Mission Kitsap County govern
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General Information and Economic In
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Fund Types in the Kitsap County Bud
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Law and Justice Program ($70,873,98
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Sources of Revenues for All Funds M
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2008 Annual Budget Calendar Revised
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Program Budgets $254,819,751 Public
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Law and Justice Program $20,000,000
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38 Law & Justice Sheriff Purpose: T
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Performance Measures: Enhance commu
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Sheriff Agency Structure: 42
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Superior Court • We will promote
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Superior Court Staffing Level: Full
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District Court 2008 Goals & Objecti
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District Court Agency Structure: Di
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Clerk • Presented a budget for 20
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Clerk Agency Structure: Kitsap Coun
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Jail Performance Measures: Measure
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Jail Agency Structure: Superintende
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Performance Measures: Meet or excee
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Expenditures: Central Communication
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Prosecuting Attorney 2007 Accomplis
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Expenditures: 2005 Actual Departmen
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68 Law & Justice Juvenile Purpose:
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COURT SERVICES Measure 2006 Actual
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2008 Expenditures by Division: Admi
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Revenues: Law & Justice Jail & Juve
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Law & Justice - Other Funds Staffin
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Coroner 2008 Expenditures by Divisi
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General Government Program $7,000,0
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General Government General Administ
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General Government Auditor Purpose:
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85 Auditor 2008 Goals and Objective
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2008 Expenditures by Division: Admi
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General Government Assessor Purpose
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Performance Measures: Measure Facil
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95 General Government Board of Coun
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Board of Commissioners & County Adm
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101 General Government Administrati
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Administrative Services Purchasing
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Administrative Services Expenditure
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General Government - Other Funds Fu
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Treasurer • Manage number of days
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$10,000,000 Community Services Prog
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112 Community Service Special Reven
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Community Development To promote a
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Community Development Expenditures:
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Revenues: Community Service Parks C
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Parks & Recreation Identify and sec
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Revenues: 2005 Actual Operating Bud
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Revenues: Community Service Communi
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Community Service - Other Funds Add
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Emergency Management Performance Me
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Emergency Management Agency Structu
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Cooperative Extension • Ten adult
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Cooperative Extension Staffing Leve
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Health and Human Services Program $
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Health & Human Services Purpose: Th
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Health & Human Services • Expansi
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Revenues: 2005 Actual Health & Huma
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Revenues: Health & Human Services D
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Revenues: Health & Human Services S
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Health & Human Services General Fun
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Health & Human Services - Other Fun
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Public Works Program $25,000,000 Pu
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Public Works Roads Purpose: The Pub
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Revenues: County Roads Budget 2005
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154 Roads
Page 181 and 182: Solid Waste We will contribute to I
Page 183 and 184: Solid Waste Staffing Level: Full Ti
Page 185 and 186: Revenues: 2005 Actual Operating Bud
Page 187 and 188: Public Works Wastewater Purpose: Th
Page 189 and 190: Wastewater 2008 Expenditures by Div
Page 191 and 192: Public Works Surface & Stormwater M
Page 193 and 194: Expenditures: 2005 Actual 2006 Actu
Page 195 and 196: Public Works Surface & Stormwater C
Page 197 and 198: Other Funds $48,184,125 Internal Se
Page 199 and 200: Other Funds Real Estate Excise Tax
Page 201 and 202: Internal Service Funds $20,354,529
Page 203 and 204: Internal Service Funds Equipment Re
Page 205 and 206: Equipment Rental & Revolving Staffi
Page 207 and 208: Information Services • Server Roo
Page 209 and 210: Information Services 2008 Expenditu
Page 211 and 212: Risk Management EFFICIENCY 2006 Act
Page 213 and 214: Capital Project Funds $6,007,665 20
Page 215 and 216: Capital Project Funds Capital Progr
Page 217 and 218: Debt Service Funds $13,858,873 Reve
Page 219 and 220: Debt Service Funds The County uses
Page 221 and 222: Debt Service The following chart sh
Page 223 and 224: DEBT SERVICE REQUIREMENTS FOR LTGO
Page 225 and 226: Appendices
Page 227 and 228: Appendix A Policies Budget Policy T
Page 229 and 230: Appendix A Policies Investment Poli
Page 231: Appendix A Policies Collateral is t
Page 235 and 236: Appendix A Policies The County will
Page 237 and 238: Appendix A Policies The County Audi
Page 239 and 240: Appendix B Glossary G L O S S A R Y
Page 241 and 242: Appendix B Glossary ENDING FUND BAL
Page 243 and 244: Appendix B Glossary RESERVE - An ac
Page 245 and 246: Appendix C Tax Levies 2007 KITSAP C
Page 247 and 248: Appendix C Tax Levies T.E.D. = Timb
Page 249 and 250: Appendix D Synopsis of Property Tax
Page 251 and 252: Appendix D Synopsis of Property Tax
Page 253 and 254: Appendix E General Administration &
Page 255 and 256: Appendix F Staffing Levels KITSAP C
Page 269 and 270: Appendix G Revenue Projection Kitsa
Page 271 and 272: Appendix G Expenditure Projection A
Page 273 and 274: Appendix H Statement of Changes in
Page 275 and 276: Appendix I Capital Facilities Summa
Page 277 and 278: Appendix J General Fund Trends Appe
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2008 Budget Book - Kitsap County Government

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