Alternate Info

Goal: The city’s accounting principles will follow General Accepted Accounting Principles.

Goal: The Capital Facilities Plan will be comprehensive and updated every two years.

Goal: The Firemen’s Pension Fund assets will be sufficient to cover all benefit obligations for retirees and their beneficiaries. 

Chapter 41.16 RCW required the establishment of a Firemen’s Pension Fund for firefighters hired prior to March 1, 1970.  Cash and investments in this fund will be sufficient to cover all benefit obligations for retirees and their beneficiaries.  All investment earnings will be retained in this fund.  The annual fire insurance premium tax from the state will also be deposited into this fund.

Goal: The Emergency Rescue Fund will be self-supporting for all capital and operating expenses associated with providing Advanced Life Support ambulance transport services within the participating jurisdictions.

Goal: The Equipment Rental Fund will maintain rental rates sufficient to cover all operating costs and replacement reserve.

Goal: The city will strive to provide quality, up-to-date networking technologies, maintain secure and accurate data, and  provide efficient, reliable tools and resources for a productive working environment.

The Information Systems Division oversees and maintains a replacement plan for the City’s technologies including the following criteria:

Goal: The Capital Facility Plan will detail intended uses of Real Estate Excise Taxes.

Goal: User rates and system development charges will finance all operations, capital and debt service for utility functions.

Goal: A rate study of utility rates and system development charges will be completed at least every 5 years to determine if applicable rates and miscellaneous charges meet operating costs, debt obligations and provide adequate reserve levels.

Goal: Grants will be sought to support the city’s programs.

Goal: General obligation and revenue debt will only be issued for capital needs and structured to limit financing costs and future commitments.