HomeMy WebLinkAboutPublic Safety Bond SummaryCITY AUDITOR 345 6"' Street, Suite 600, Bremerton, WA 98337-1873 & Phone (360) 473-5369
July 21, 2011
Honorable Patty Lent, Mayor
In September 2002 the citizens of Bremerton approved a bond issue for several public
safety projects. These projects included: purchase of three fire engines and a fire ladder
truck, construction of a headquarters fire station, purchase of six police cars, purchase
and renovation of a building for police headquarters, purchase and renovation of a
building for the municipal court, construction of a fire warehouse, and remodeling of a
building for police special operations. These projects have been completed.
The City Auditor routinely reviews various aspects of financial operations of the City
including projects as they are completed. This report summarizes the revenue and
expenditures for these projects and presents a time line of the major events. The ending
balance shown on the schedule will be transferred to the Park Plaza Phase I1 fund.
The expenditure amounts are based on accounting by project number. The original plan
was for the police and court to be co -located. The expenditure for Police/Courts includes
some original joint costs.
I hope this information is useful,
Sincerely,
Gary W. Nystul
cc: City Council
Director of Financial Services
City Attorney
2002 Public Safety Bond
Statement of Revenue and Expenditures
September 2002 through June 2011
1"Y"Or1111115
Public Safety Bond Proceeds
Less: Debt Issue Costs
Net Bond Proceeds
Sale of Bank Building
Less: Purchase and direct costs
Excess of revenue over direct costs
Limited Tax General Obligation Bonds
Investment Interest
Transfer from Contingency Reserve
Transfer from General Fund
Transfer from General Govt. Capital Improvement. Fund
FEMA Grant
Miscellaneous Revenue
Total Revenue
EXPENDITURES
Fire Station
Fire Apparatus
Fire Equipment
Fire Station Land
Fire Storage Building
Police/Courts
Police Vehicles
Police SOG Building Remodel
New Court Building
Temporary Count Leased Facility
Lots Purchased for Court (bots Sold with proceeds
to Contingency Reserve Fund)
Unallocated
Total Expenditures
Ending Balance
R:1City AuditorlFund 3021Fund 302 Final Reconciliation
$13,135,452
(163,634)
12,971,818
1,146, 648
(1,006,422)
140,226
1,550,000
870,588
701,750
500,000
500,000
165,928
2,092
3,813,336
2,056,281
826,729
700,640
208,670
5,836,555
215,453
178,401
2,330,870
576,440
436,158
29,665
$17,402,402
17,209,198
$193,204
Public Safety Bond Timeline 2002-2091
2002
September Public Safety Bond approved by voters
September Police cars ordered
2003
March Land purchased for fire station
March Purchase of 3 Seagrave fire engines and ladder truck authorized
April Architects hired for design of Fire Station
May Bids awarded for fire warehouse and SOG remodel
May Bank building purchase for Police/Court Building authorized
May Architects selected for Police/Court Building
June Police cars received
2004
May Bank building purchase for Police/Courts closes
June Bid award for construction of Fire Station No. 1
September Fire ladder truck placed into service
2005
February Credit Union purchased approved for Police headquarters
March Bank building sold
March Fire engines placed into service
May Credit Union building for Police purchase closed
June Grand Opening of Fire Station
September Contract for Design of Police Dept (Burwell) & Municipal Court (17th & Warren)
2006
June Land for potential court building purchased
July Bid Award for remodel & addition to credit union building for Police
November Temporary court location leased & remodeling commenced
2007
January Municipal Court moved into temporary location on Pacific Avenue
February Police move into new building on Burwell
March Purchase of Fire Department Command Vehicle
August Parking lot for police building purchased
July Lot purchased for court site sold
2009
2010
April
LTGO Bonds sold to purchase bank building for court
April
Bank building at 6th and Park purchased for court
May
Remodeling contract awarded for court building
September
Court opens in new location
October
Refunding bonds issued