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Home My WebLink About2019 Annual ReportCITY OF BREMERTON, WASHINGTON COMPREHENSIVE ANNUAL FINANCIAL REPORT For the period January 1, 2019 thru December 31, 2019 City of Bremerton, Washington Annual Financial Report For the Fiscal Year ended December 31, 2019 Prepared by the Finance Department City of Bremerton 345 6th Street, Suite 00 Bremerton, WA 98337 (360)473-5210 Website: www.bremertonwa.gov City of Bremerton Comprehensive Annual Financial Report for the Fiscal Year Ended December 31, 2019 TABLE OF CONTENTS INTRODUCTORY SECTION ORGANIZATION CHART 1 DIRECTORY OF OFFICIALS 2 FINANCIAL SECTION INDEPENDENT AUDITOR’S REPORT 4 MANAGEMENT’S DISCUSSION AND ANALYSIS 8 BASIC FINANCIAL STATEMENTS: GOVERNMENT- WIDE FINANCIAL STATEMENTS STATEMENT OF NET POSITION 19 STATEMENT OF ACTIVITIES 20 FUND FINANCIAL STATEMENTS BALANCE SHEET – GOVERNMENTAL FUNDS 21 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE – GOVERNMENTAL FUNDS 22 RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES 23 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL GENERAL FUND 24 STATEMENT OF NET POSITION – PROPRIETARY FUNDS 25 STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION – PROPRIETARY FUNDS 26 STATEMENT OF CASH FLOWS – PROPRIETARY FUNDS 27 STATEMENT OF FIDUCIARY NET POSITION – FIDUCIARY FUNDS 29 NOTES TO THE FINANCIAL STATEMENTS 30 REQUIRED SUPPLEMENTARY INFORMATION: PERS 1 68 PERS 2/3 69 PSERS 70 LEOFF 1 PENSION BENEFITS 71 LEOFF 2 72 PERS 1 73 TABLE OF CONTENTS PERS 2/3 74 PSERS 75 LEOFF 2 76 SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIOS LEOFF 1 77 COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES COMBINING BALANCE SHEET – NONMAJOR GOVERNMENTAL FUNDS 78 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS 81 SCHEDULES OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL SPECIAL REVENUE FUNDS 83 DEBT SERVICE FUNDS 95 CAPITAL PROJECTS FUNDS 100 COMBINING STATEMENT OF NET POSITION – INTERNAL SERVICE FUNDS 107 COMBINING STATEMENT REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION INTERNAL SERVICE FUNDS 108 COMBINING STATEMENT OF CASH FLOWS – INTERNAL SERVICE FUNDS 109 COMBINING STATEMENT OF FIDUCIARY NET POSITION 111 STATISTICAL SECTION FINANCIAL TRENDS TABLE 1–NET POSITION BY COMPONENT 112 TABLE 2 – CHANGES IN NET POSITION 113 TABLE 3 – FUND BALANCE OF GOVERNMENTAL FUNDS 115 TABLE 4 – CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS 116 REVENUE CAPACITY TABLE 5 – ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY 118 TABLE 6 – GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE 119 TABLE 7 – PROPERTY TAX RATES DIRECT AND OVERLAPPING GOVERNMENTS 120 TABLE 8 – PRINCIPAL PROPERTY TAXPAYERS 121 TABLE 9 – PROPERTY TAX LEVIES AND COLLECTIONS 122 DEBT CAPACITY TABLE 10 – RATIO OF NET GENERAL BONDED DEBT 123 TABLE 11 – COMPUTATION OF DIRECT AND OVERLAPPING DEBT 124 TABLE 12 – COMPUTATION OF LEGAL DEBT MARGIN 125 TABLE 13 – WATER AND SEWER REVENUE BOND COVERAGE 126 DEMOGRAPHIC AND ECONOMIC INFORMATION TABLE 14 –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ity of Bremerton / 1 Directory of Officials 2019 Elected Officials: Mayor ...........................................................................................................................Greg Wheeler District #1 Council Member ............................................................................................ Pat Sullivan District #2 Council Member ........................................................................................... Leslie Daugs District #3 Council Member ........................................................................................Kevin Gorman District #4 Council Member ............................................................................................ Lori Wheat District #5 Council Member ..................................................................................Michael Goodnow District #6 Council Member ........................................................................................Mike Simpson District #7 Council Member .......................................................................................... Eric Younger Judge, Municipal Court ................................................................................................. James Docter Appointed Officials: City Attorney ............................................................................................................. Roger Lubovich Director, Public Works and Utilities ............................................................................Tom Knuckey Fire Chief .....................................................................................................................'DYLG6FKPLWW Police Chief ............................................................................................................... Steven Strachan Director of Financial Services ...........................................................................................Mike Riley Director of Community Development ....................................................................... Andrea Spencer Director of Parks and Recreation ................................................................................... Jeff Elevado City Auditor ..................................................................................................................... Jenny Sims City of Bremerton / 2 THIS PAGE LEFT BLANK INTENTIONALLY City of Bremerton / 3 Office of the Washington State Auditor INDEPENDENT AUDITOR’S REPORT ON FINANCIAL STATEMENTS City of Bremerton January 1, 2019 through December 31, 2019 Mayor and City Council City of Bremerton Bremerton, Washington REPORT ON THE FINANCIAL STATEMENTS We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City of Bremerton, as of and for the year ended December 31, 2019, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed on page 15. Management’s Responsibility for the Financial St atements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. City of Bremerton / 4 Office of the Washington State Auditor An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the City’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City of Bremerton, as of December 31, 2019, and the respective changes in financial position and, where applicable, cash flows thereof, and the budgetary comparison for the General fund, for the year then ended in accordance with accounting principles generally accepted in the United States of America. Matters of Emphasis As discussed in Note 18 to the financial statements, in February 2020, a state of emergency was declared that could have a negative financial effect on the City. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and required supplementary information listed on page 15 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain City of Bremerton / 5 Office of the Washington State Auditor limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary and Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements as a whole. The accompanying Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). This schedule is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole. OTHER REPORTING REQUIRED BY GOVERNMENT AUDITING STANDARDS In accordance with Government Auditing Standards, we have also issued our report dated September 28, 2020 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an City of Bremerton / 6 Office of the Washington State Auditor integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. 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ity of Bremerton / 27 City of Bremerton Statement of Cash Flows Proprietary Funds for the Year Ended December 31, 2019 Governmental Activities Water Golf Course Wastewater Stormwater Total Internal Service Funds Reconciliation of operating income to net cash provided by operating activities: Operating income (loss) 1,901,074$ 461,008$ (10,923)$ 570,396$ 2,921,555$ (1,386,006)$ Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 2,591,211 162,160 4,125,945 209,656 7,088,972 794,140 Contra pension expense (820,690) - 45,223 63,970 (711,497) (54,059) Decrease (increase) in receivables 97,463 74,094 (131,871) (100,339) (60,652) - Decrease (increase) in due from other funds/govt (127,767) - (265,119) 32,357 (360,529) (175,894) Decrease (increase) in prepaid expenses - 1,590 - - 1,590 - Decrease (increase) in inventory (49,817) (17,237) (689) - (67,743) 82,507 Increase (decrease) in accounts payable (142,978) (28,699) 552,764 234,477 615,563 (241,034) Increase (decrease) in due to other funds/govt (16,625) 4,346 68,406 (74,776) (18,648) (103,034) Increase (decrease) in employee wages payable 37,137 19,851 (14,800) 18,665 60,853 36,090 Increase (decrease) in employee leave payable 30,049 - (35,766) 12,151 6,434 (3,993) Increase (decrease) in other payables (971) 37,199 - - 36,228 499,470 Net cash provided by operating activities 3,498,086$ 714,312$ 4,333,170$ 966,558$ 9,512,127$ (551,813)$ Noncash investing, capital and financial activities Developers contributed infrastructure -$ -$ -$ -$ -$ -$ Business-type Activities Enterprise Funds See accompanying notes to the financial statements. 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$VRI'HFHPEHU /DVW)LVFDO<HDUV City of Bremerton / 76 Notes to Financial Statements 7RWDO23(%OLDELOLW\EHJLQQLQJ 6HUYLFHFRVW ,QWHUHVW &KDQJHVLQEHQHILWWHUPV 'LIIHUHQFHVEHWZHHQH[SHFWHGDQGDFWXDOH[SHULHQFHDQG &KDQJHVRI$VVXPSWLRQV %HQHILWSD\PHQWV 2WKHUFKDQJHV 7RWDO23(%OLDELOLW\HQGLQJ &RYHUHGHPSOR\HHSD\UROO 7RWDO23(%OLDELOLW\DVDRIFRYHUHGSD\UROO 1$ 1$ 1RWHVWR6FKHGXOH 8QWLODIXOO\HDUWUHQGLVFRPSLOHGRQO\LQIRUPDWLRQIRUWKRVH\HDUVDYDLODEOHLVSUHVHQWHG 1RDVVHWVDUHDFFXPXODWHGLQDWUXVWWKDWPHHWVWKHFULWHULDLQSDUDJUDSKRI*$6% &LW\RI%UHPHUWRQ 6FKHGXOHRI&KDQJHVLQ7RWDO23(%/LDELOLW\DQG5HODWHG5DWLRV /(2))3ODQ /DVW)LVFDO<HDUV )RUWKH\HDUHQGHG-XQH City of Bremerton / 77 Notes to Financial Statements City of BremertonCombining Balance SheetNonMajor Govermental FundsDecember 31, 2019Page 1 of 3 Street LodgingTax Parking System CommunityBlock Grant AbatementRevolving Police SpecialProjects BKAT Gift &Donation ASSETS and DEFERRED OUTFLOWS of RESOURCESCash and cash equivalents 375,982$ -$ 474,623$ 16,195$ 151,185$ -$ 85,651$ 40,497$ Investments 454,840 44,892 574,169 - 182,892 11,538 378,764 48,992 Restricted Cash - 165,472 - 39,837 - 197,699 227,445 - Restricted Investments - 155,286 - - - 227,626 - - Receivables202,251 94,344 402,353 - - - - - Restricted Receivables- - - - - - - - Due from other funds2,295 - - - - - - - Due from other governments- - - 140,534 - - - - Inventories- - - - - - - - Other assets- - - 378,221 - - - - Total assets1,035,368 459,994 1,451,145 574,787 334,077 436,863 691,860 89,489 Deferred outflows of resources- - - - - - - - Total assets and deferred outflows of resources1,035,368$ 459,994$ 1,451,145$ 574,787$ 334,077$ 436,863$ 691,860$ 89,489$ LIABILITIES and FUND BALANCESLiabilities:Accounts/contracts payable86,567$ 48,416$ 57,317$ 117,307$ 26$ 10,878$ 789$ 10$ Matured long-term obligations- - - - - - - Due to other funds10,704 - 43,272 20,825 - 660 62 - Due to other governments- - - - - - - - Employee wages payable42,913 - 345 4,896 - - 11,014 - Custodial Accounts- - - - - - - - Unearned revenue- - 219,380 378,221 - - - - Total liabilities140,184 48,416 320,314 521,249 26 11,538 11,865 10 Deferred amount Grants received in advance- - Deferred amount for property taxes Deferred amount related to derived taxes 63 45,431 Deferred Inflows of Resources63 45,431 - - - - - - Fund balances:Nonspendable-$ -$ -$ -$ -$ -$ -$ -$ Restricted- 320,758 - 39,837 - 425,325 227,445 - Committed- - - - - - - 89,479 Assigned895,121 45,389 1,130,831 - 334,051 - 452,550 - Unassigned- - - 13,701 - - - - Total fund balances895,121 366,147 1,130,831 53,538 334,051 425,325 679,995 89,479 Total liabilities and fund balances1,035,368$ 459,994$ 1,451,145$ 574,787$ 334,077$ 436,863$ 691,860$ 89,489$ See accompanying notes to the finanical statements.City of Bremerton / 78 City of BremertonCombining Balance SheetNonMajor Govermental FundsDecember 31, 2019Page 2 of 3 ASSETS and DEFERRED OUTFLOWS of RESOURCESCash and cash equivalentsInvestmentsRestricted CashRestricted InvestmentsReceivablesRestricted ReceivablesDue from other fundsDue from other governmentsInventoriesOther assetsTotal assetsDeferred outflows of resourcesTotal assets and deferred outflows of resourcesLIABILITIES and FUND BALANCESLiabilities:Accounts/contracts payableMatured long-term obligationsDue to other fundsDue to other governmentsEmployee wages payableCustodial AccountsUnearned revenue Total liabilitiesDeferred amount Grants received in advance Deferred amount for property taxes Deferred amount related to derived taxes Deferred Inflows of ResourcesFund balances:NonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balancesSpecial Revenue TrialImprovement One Percentfor Art Total Special Revenue 2010LTGO 2010 UTGO/LTGO (B) 2012 Government Center LTGO 2015 Public Safety Bond Total Debt Service -$ 8,156$ 1,152,289$ 49,454$ 2,015$ 38,492$ -$ 89,961$ 9,542 9,866 1,715,495 59,827 37,050 46,565 - 143,442 39,464 - 669,917 - 28,612 16,974 45,586 38,200 - 421,112 - - 20,534 20,534 - - 698,948 - 9,781 - 11,579 21,360 - - - - 2,173 2,173 - - 2,295 25,000 - - - 25,000 - - 140,534 - - - - - - - - - - - - - - - 378,221 - - - - - 87,206 18,022 5,178,811 134,281 77,458 85,057 51,260 348,056 - - - - - - - - 87,206$ 18,022$ 5,178,811$ 134,281$ 77,458$ 85,057$ 51,260$ 348,056$ -$ -$ 321,310$ 300$ 600$ 300$ 300$ 1,500$ - - - - - - - - - - 75,523 133,981 42,509 - - 176,490 - - - - - - - - - - 59,168 - - - - - - - - - - - - - - - 597,601 - - - - - - - 1,053,602 134,281 43,109 300 300 177,990 - - - 5,737 11,279 17,016 45,494 - - - 45,494 - 5,737 - 11,279 17,016 -$ -$ -$ -$ -$ -$ -$ -$ 77,664 1,091,029 - 28,612 - 39,681 68,293 - 18,022 107,501 - - - - - 9,542 - 2,867,484 - - 84,757 - 84,757 - - 13,701 - - - - - 87,206 18,022 4,079,715 - 28,612 84,757 39,681 153,050 87,206$ 18,022$ 5,178,811$ 134,281$ 77,458$ 85,057$ 51,260$ 348,056$ Debt Service See accompanying notes to the finanical statements.City of Bremerton / 79 City of BremertonCombining Balance SheetNonMajor Govermental FundsDecember 31, 2019Page 3 of 3 ASSETS and DEFERRED OUTFLOWS of RESOURCESCash and cash equivalentsInvestmentsRestricted CashRestricted InvestmentsReceivablesRestricted ReceivablesDue from other fundsDue from other governmentsInventoriesOther assetsTotal assetsDeferred outflows of resourcesTotal assets and deferred outflows of resourcesLIABILITIES and FUND BALANCESLiabilities:Accounts/contracts payableMatured long-term obligationsDue to other fundsDue to other governmentsEmployee wages payableCustodial AccountsUnearned revenue Total liabilitiesDeferred amount Grants received in advance Deferred amount for property taxes Deferred amount related to derived taxes Deferred Inflows of ResourcesFund balances:NonspendableRestrictedCommittedAssignedUnassignedTotal fund balancesTotal liabilities and fund balances General GovtCap Impr ParksConstruction Residential Street Capital Trans Capital Projects Fire Public Safety Lebo Blvd. Affordable Housing TotalCapitalProjects -$ -$ -$ 310,634$ 7,740$ -$ 7,057$ 325,431$ 1,567,681 1,332,428 85,265 522,324 375,784 - - 8,536 2,324,337 4,183,274 1,869,140 92,934 750,584 - 985,309 3,697,967 4,413,470 928,739 27,161 385,685 - - 1,341,585 1,783,231 231,779 - 8,178 - - - - 239,957 960,265 - - - - - - 2,173 - 10,917 196,422 915,338 - - - 1,122,677 1,149,972 - 48,222 - 547,982 - - - 596,204 736,738 - - - - - - - - - - - - - - - - - 378,221 4,362,086 264,499 1,863,193 2,149,738 993,049 - 15,593 9,648,158 15,175,025 - - - - - - - - - 4,362,086$ 264,499$ 1,863,193$ 2,149,738$ 993,049$ -$ 15,593$ 9,648,158$ 15,175,025 -$ 11,728$ 3,390$ 364,761$ 7,740$ -$ 13,750$ 401,369$ 724,179 - - - - - - - - - 1,385,756 - 69,110 166,323 - - - 1,621,189 1,873,202 - - - - - - - - - - (206) 12,405 76 - - - 12,275 71,443 - - - 15,000 - - - 15,000 15,000 - - - 245,681 - - - 245,681 843,282 1,385,756 11,522 84,905 791,841 7,740 - 13,750 2,295,514 3,527,106 344,985 344,985 344,985 - 17,016 - 45,494 - - - 344,985 - - - 344,985 407,495 -$ -$ -$ -$ -$ -$ -$ -$ - 2,797,879 120,095 1,136,269 - 985,309 - - 5,039,552 6,198,874 - - 585,279 688,068 - - 1,843 1,275,190 1,382,691 178,451 132,882 56,740 324,844 - - - 692,917 3,645,158 - - - - - - - - 13,701 2,976,330 252,977 1,778,288 1,012,912 985,309 - 1,843 7,007,659 11,240,424 4,362,086$ 264,499$ 1,863,193$ 2,149,738$ 993,049$ -$ 15,593$ 9,648,158$ 15,175,025 Total Nonmajor Governmental Funds Capital Projects See accompanying notes to the finanical statements.City of Bremerton / 80 Combining Statement of Revenues, Expenditures and Changes in Fund BalancesNonmajor Governmental Fundsfor the Year Ended December 31, 20191 of 2Special RevenueStreet LodgingTax Parking CommunityBlock Grant AbatementRevolving Police SpecialProjects BKAT Gift &Donation TrialImprovement One Percentfor Art Total Special Revenue REVENUESTaxesProperty -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Sales- 708,790 - - - - - - - - 708,790 Business- Other881,680 - - - - - - - - - 881,680 Licenses and permits451 - - - - - 269,120 - - - 269,571 Intergovernmental874,731 - - 450,283 - 108,222 - - 21,666 - 1,454,902 Charges for services63,812 - - 54,360 43,815 - 125,151 588 - - 287,726 Fines and forfeitures- - 440,659 - 72,489 11,236 - - - - 524,384 Miscellaneous42,403 9,460 1,575,349 6,384 7,958 28,014 72,687 15,914 2,169 648 1,760,986 Total revenues1,863,077$ 718,250$ 2,016,008$ 511,027$ 124,262$ 147,472$ 466,958$ 16,502$ 23,835$ 648$ 5,888,039$ EXPENDITURESCurrent:General government26,955$ -$ -$ 153,353$ -$ -$ -$ -$ 9,561$ -$ 189,869$ Public safety- - - - 74,490 50,909 - 1,841 - - 127,240 Transportation2,633,444 - 1,018,035 - - - - - - - 3,651,479 Economic environment- 326,762 - 335,538 - - - - - - 662,300 Mental/physical health- - - - - - - - - - - Culture and recreation41,093 150,000 - - - - 392,685 11,409 - 11,889 607,076 Debt service: Principal- - 260,000 - - - - - - - 260,000 Interest and other debt issue costs- - 264,008 - - - - - - - 264,008 Capital outlay38,411 - 7,643 - - - 80,782 - - - 126,836 Total expenditures2,739,903$ 476,762$ 1,549,686$ 488,891$ 74,490$ 50,909$ 473,467$ 13,250$ 9,561$ 11,889$ 5,888,808$ Excess (deficiency) of revenues over expenditures(876,826) 241,488 466,322 22,136 49,772 96,563 (6,509) 3,252 14,274 (11,241) (769) OTHER FINANCING SOURCES (USES)Capital asset donations & disposal-$ - - - - - - - - - -$ Payment to escrow for refunding debt- Insurance recoveries23,547 - - - - - - - - - 23,547 Transfers in972,100 - - 67,876 - - - - - - 1,039,976 Transfers out- (350,000) (171,500) (78,580) - - - - - - (600,080) Total other financing sources and uses995,647$ (350,000)$ (171,500)$ (10,704)$ -$ -$ -$ -$ -$ -$ 463,443$ Net change in fund balances118,821 (108,512) 294,822 11,432 49,772 96,563 (6,509) 3,252 14,274 (11,241) 462,674.00 Fund balances-beginning776,300 474,659 836,009 42,106 284,279 328,762 686,504 86,227 72,932 29,263 3,617,041 Prior period adjustments- - - - - - - - - - - Fund balances-ending895,121$ 366,147$ 1,130,831$ 53,538$ 334,051$ 425,325$ 679,995$ 89,479$ 87,206$ 18,022$ 4,079,715$ City of Bremerton / 81 Combining Statement of Revenues, Expenditures and Changes in Fund BalancesNonmajor Governmental Fundsfor the Year Ended December 31, 20192 of 2REVENUESTaxesPropertySalesBusinessOtherLicenses and permitsIntergovernmentalCharges for servicesFines and forfeituresMiscellaneousTotal revenuesEXPENDITURESCurrent:General governmentPublic safetyTransportationEconomic environmentMental/physical healthCulture and recreationDebt service: Principal Interest and other debt issue costsCapital outlayTotal expendituresExcess (deficiency) of revenues over expendituresOTHER FINANCING SOURCES (USES)Capital asset donations & disposalPayment to escrow for refunding debtInsurance recoveriesTransfers inTransfers outTotal other financing sources and usesNet change in fund balancesFund balances-beginningPrior period adjustmentsFund balances-ending 2010LTGO 2010 UTGO/LTGO (B) 2012 Government Center LTGO 2015 Public Safety Bond Total Debt Service General GovtCap Impr ParksConstruction Residential Streets Capital Transportation Capital Fire Public Safety Capital Lebo Blvd Affordable Housing TotalCapitalProjects -$ 779,024$ -$ 479,191$ 1,258,215$ -$ -$ -$ -$ -$ -$ -$ -$ 1,258,215$ 314,258 - - - 314,258 - - - - - - - - 1,023,048 - 460,279 391,595 - - - 851,874 851,874 - - - - - 1,944,476 - 585,817 - - - - 2,530,293 3,411,973 - - - - - - - 125,000 - - - - 125,000 394,571 100,790 23,459 - - 124,249 - 123,222 - 1,044,922 - - - 1,168,144 2,747,295 - - - - - - - - 13,508 - - - 13,508 301,234 - - - - - - - - - - - - - 524,384 4,099 8,997 3,235 4,475 20,806 92,730 31,565 38,675 19,644 25,223 3,260 739 211,836 1,993,628 419,147$ 811,480$ 3,235$ 483,666$ 1,717,528$ 2,037,206$ 154,787$ 1,209,771$ 1,469,669$ 25,223$ 3,260$ 739$ 4,900,655$ 12,506,222$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 189,869$ - - - - - - - - - 45,815 - - 45,815 173,055 - - - - - - - 442,981 762,131 - - - 1,205,112 4,856,591 - - - - - - - - - - - 100,000 100,000 762,300 - - - - - - - - - - - - - - - - - - - - 16,578 - - - - - 16,578 623,654 235,000 725,000 210,000 390,000 1,560,000 - - - - - - - - 1,820,000 298,366 290,382 125,862 109,700 824,310 - - - - - - - - 1,088,318 - - - - - - 129,724 277,477 1,429,701 74,914 - - 1,911,816 2,038,652 533,366$ 1,015,382$ 335,862$ 499,700$ 2,384,310$ -$ 146,302$ 720,458$ 2,191,832$ 120,729$ -$ 100,000$ 3,279,321$ 11,552,439$ (114,219) (203,902) (332,627) (16,034) (666,782) 2,037,206 8,485 489,313 (722,163) (95,506) 3,260 (99,261) 1,621,334 953,783 - - - - - - - - - -$ - - -$ -$ - -$ - - - - - - - - - - - - - 23,547 75,000 171,500 340,000 - 586,500 - 20,745 146,868 786,722 - - 101,104 1,055,439 2,681,915 (133,981) (42,509) - - (176,490) (1,800,756) - - - - (237,714) - (2,038,470) (2,815,040) (58,981)$ 128,991$ 340,000$ -$ 410,010$ (1,800,756)$ 20,745$ 146,868$ 786,722$ -$ (237,714)$ 101,104$ (983,031)$ (109,578)$ (173,200) (74,911) 7,373 (16,034) (256,772) 236,450 29,230 636,181 64,559 (95,506) (234,454) 1,843 638,303 844,205 173,200 103,523 77,384 55,715 409,822 2,739,880 223,747 1,142,107 948,353 1,080,815 234,454 - 6,369,356 10,396,219 - - - - - - - - - -$ 28,612$ 84,757$ 39,681$ 153,050$ 2,976,330$ 252,977$ 1,778,288$ 1,012,912$ 985,309$ -$ 1,843$ 7,007,659$ 11,240,424$ Total Nonmajor Governmental Funds City of Bremerton / 82 Street Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Taxes 750,000$ 750,000$ 881,679$ 131,679$ Licenses and permits - - 450 450 Intergovernmental 910,015 910,015 874,731 (35,284) Charges for services 95,000 95,000 63,812 (31,188) Fines and forfeitures - Other revenue 897,000 994,100 1,038,051 43,951 Total revenues 2,652,015 2,749,115 2,858,723 109,608 EXPENDITURES Personnel 1,350,550 1,461,350 1,107,522 353,828 Supplies, services & taxes 1,815,174 1,853,174 1,593,970 259,204 Capital expenditure 20,000 20,000 38,411 (18,411) Debt service - Transfers - - - - Total expenditures 3,185,724 3,334,524 2,739,903 594,621 Excess (deficiency) of revenues over expenditures (533,709) (585,409) 118,820 704,229 Fund balances-beginning 627,600 776,300 776,300 0 Prior period adjustments - - - - Fund balances-ending 93,891$ 190,891$ 895,120$ 704,229$ City of Bremerton / 83 Contingency Reserve Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Other revenue 42,975$ 42,975$ 62,172$ 19,197$ Total revenues 42,975 42,975 62,172 19,197 EXPENDITURES Supplies, services & taxes - - - - Total expenditures - - - - Excess (deficiency) of revenues over expenditures 42,975 42,975 62,172 19,197 Fund balances-beginning 1,294,031 1,298,269 1,298,269 (0) Fund balances-ending 1,337,006$ 1,341,244$ 1,360,441$ 19,197$ City of Bremerton / 84 Lodging Tax Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Taxes 650,000$ 650,000$ 708,789$ 58,789$ Other revenue 4,000 4,000 9,460 5,460 Total revenues 654,000 654,000 718,249 64,249 EXPENDITURES Supplies, services & taxes 479,000 479,000 476,762 2,238 Transfers 350,000 350,000 350,000 0 Total expenditures 829,000 829,000 826,762 2,238 Excess (deficiency) of revenues over expenditures (175,000) (175,000) (108,512) 66,488 Fund balances-beginning 448,529 474,660 474,660 (0) Fund balances-ending 273,529$ 299,660$ 366,147$ 66,487$ City of Bremerton / 85 Parking System Revenue Special Revenue Fund Other Governmental Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual for the Year Ended December 31, 2018 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Fines and forfeitures 425,000$ 425,000$ 440,659$ 15,659$ Other revenue 1,443,000 1,443,000 1,575,349 132,349 Total revenues 1,868,000 1,868,000 2,016,008 148,008 EXPENDITURES Supplies, services & taxes 1,100,200 1,153,973 1,018,035 135,938 Capital expenditure - 65,000 7,643 57,357 Debt service 523,408 523,408 524,008 (600) Transfers 171,500 171,500 171,500 0 Total expenditures 1,795,108 1,913,881 1,721,186 192,695 Excess (deficiency) of revenues over expenditures 72,892 (45,881) 294,822 340,703 Fund balances-beginning 703,981 836,009 836,009 (0) Fund balances-ending 776,873$ 790,128$ 1,130,831$ 340,703$ City of Bremerton / 86 Community Development Block Grant Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Intergovernmental 727,000$ 723,904$ 436,582$ (287,322)$ Charges for services - 71,919 54,359 (17,560) Other revenue 79,500 79,500 74,260 (5,240) Total revenues 806,500 875,323 565,201 (310,122) EXPENDITURES Personnel 143,600 147,100 144,579 2,521 Supplies, services & taxes 283,907 407,832 344,312 63,520 Transfers 287,500 310,842 78,580 232,262 Total expenditures 715,007 865,774 567,471 298,303 Excess (deficiency) of revenues over expenditures 91,493 9,549 (2,270) (11,819) Fund balances-beginning 229,334 42,612 42,107 (505) Fund balances-ending 320,827$ 52,161$ 39,837$ (12,324)$ City of Bremerton / 87 Abatement Revolving Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2018 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Charges for services -$ -$ 43,815$ 43,815$ Fines and forfeitures 25,000 25,000 72,489 47,489 Other revenue 500 500 7,957 7,457 Total revenues 25,500 25,500 124,260 98,760 EXPENDITURES Supplies, services & taxes 57,500 83,660 74,490 9,170 Transfers - Total expenditures 57,500 83,660 74,490 9,170 Excess (deficiency) of revenues over expenditures (32,000) (58,160) 49,771 107,931 Fund balances-beginning 258,885 284,278 284,278 0 Fund balances-ending 226,885$ 226,118$ 334,049$ 107,931$ City of Bremerton / 88 Police Special Projects Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Intergovernmental -$ -$ 108,222$ 108,222$ Charges for services - - - - Fines and forfeitures 15,000 15,000 11,236 (3,764) Other revenue 3,500 3,500 28,014 24,514 Total revenues 18,500 18,500 147,473 128,973 EXPENDITURES Supplies, services & taxes 115,700 115,700 50,910 64,790 Capital expenditure 60,000 60,000 - 60,000 Total expenditures 175,700 175,700 50,910 124,790 Excess (deficiency) of revenues over expenditures (157,200) (157,200) 96,563 253,763 Fund balances-beginning 316,037 328,762 328,762 (0) Fund balances-ending 158,837$ 171,562$ 425,325$ 253,763$ City of Bremerton / 89 Public Access TV Operations Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Licenses and permits 273,000$ 273,000$ 269,120$ (3,880)$ Charges for services 123,047 123,047 125,153 2,106 Other revenue 54,600 54,600 72,687 18,087 Total revenues 450,647 450,647 466,959 16,312 EXPENDITURES Personnel 378,300 385,000 324,357 60,643 Supplies, services & taxes 72,140 72,140 68,328 3,812 Capital expenditure 100,000 100,000 80,781 19,219 Total expenditures 550,440 557,140 473,467 83,673 Excess (deficiency) of revenues over expenditures (99,793) (106,493) (6,507) 99,986 Fund balances-beginning 672,468 686,503 686,503 0 Fund balances-ending 572,675$ 580,010$ 679,996$ 99,986$ City of Bremerton / 90 Gift and Donation Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Charges for services -$ -$ 588$ 588$ Other revenue 8,200 11,200 15,914 4,714 Total revenues 8,200 11,200 16,502 5,302 EXPENDITURES Supplies, services & taxes 19,000 28,000 13,249 14,751 Total expenditures 19,000 28,000 13,249 14,751 Excess (deficiency) of revenues over expenditures (10,800) (16,800) 3,253 20,053 Fund balances-beginning 81,773 86,226 86,226 (0) Fund balances-ending 70,973$ 69,426$ 89,479$ 20,053$ City of Bremerton / 91 Trial Improvement Revenue Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Intergovernmental 22,000$ 22,000$ 21,666$ (334)$ Other revenue 500 500 2,169 1,669 Total revenues 22,500 22,500 23,835 1,335 EXPENDITURES Supplies, services & taxes 26,000 26,000 9,561 16,439 Capital expenditure - - - Total expenditures 26,000 26,000 9,561 16,439 Excess (deficiency) of revenues over expenditures (3,500) (3,500) 14,274 17,774 Fund balances-beginning 71,721 72,932 72,932 0 Fund balances-ending 68,221$ 69,432$ 87,206$ 17,774$ City of Bremerton / 92 One Percent for Arts Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Charges for services 11,500$ 11,500$ -$ (11,500)$ Other revenue 3,700 3,700 648 (3,052) Total revenues 15,200 15,200 648 (14,552) EXPENDITURES Supplies, services & taxes 18,000 18,000 11,889 6,111 Total expenditures 18,000 18,000 11,889 6,111 Excess (deficiency) of revenues over expenditures (2,800) (2,800) (11,240) (8,440) Fund balances-beginning 26,111 29,263 29,263 (1) Prior period adjustments - - - - Fund balances-ending 23,311$ 26,463$ 18,022$ (8,441)$ City of Bremerton / 93 Conference Center Operations Special Revenue Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Charges for services 1,498,846$ 1,498,846$ 1,655,654$ 156,808$ Other revenue 463,000 493,695 469,277 (24,418) Total revenues 1,961,846 1,992,541 2,124,931 132,390 EXPENDITURES Supplies, services & taxes 1,860,717 1,891,412 1,930,104 (38,692) Debt service 6,943 6,943 6,943 - Total expenditures 1,867,660 1,898,355 1,937,047 (38,692) Excess (deficiency) of revenues over expenditures 94,186 94,186 187,884 93,698 Fund balances-beginning 38,496 224,931 224,931 - Prior period adjustments - Fund balances-ending 132,682$ 319,117$ 412,815$ 93,698$ City of Bremerton / 94 2010 LTGO Debt Service Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Taxes 330,000$ 330,000$ 314,258$ (15,742)$ Intergovernmental 101,040 101,040 100,790 (250) Other revenue 76,500 76,500 79,099 2,599 Total revenues 507,540 507,540 494,148 (13,392) EXPENDITURES Debt service 532,766 532,766 533,366 (600) Transfers - 123,336 108,981 14,355 Total expenditures 532,766 656,102 642,347 13,755 Excess (deficiency) of revenues over expenditures (25,226) (148,562) (148,200) 362 Fund balances-beginning 316,222 173,200 173,200 - Fund balances-ending 290,996$ 24,638$ 25,000$ 362$ City of Bremerton / 95 2010 UTGO Ref/LTGO (B) Debt Service Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Taxes 780,000$ 780,000$ 779,024$ (976)$ Intergovernmental 29,975 29,975 23,459 (6,516) Other revenue 174,000 174,000 180,497 6,497 Total revenues 983,975 983,975 982,980 (995) EXPENDITURES Debt service 1,053,302 1,053,902 1,015,382 38,520 Transfers - 7,916 42,510 (34,594) Total expenditures 1,053,302 1,061,818 1,057,892 3,926 Excess (deficiency) of revenues over expenditures (69,327) (77,843) (74,912) 2,931 Fund balances-beginning 97,481 103,523 103,523 - Fund balances-ending 28,154$ 25,680$ 28,611$ 2,931$ City of Bremerton / 96 Government Center LTGO Debt Service Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Other revenue 341,500$ 341,500$ 343,235$ 1,735$ Total revenues 341,500 341,500 343,235 1,735 EXPENDITURES Debt service 335,263 335,563 335,863 (300) Total expenditures 335,263 335,563 335,863 (300) Excess (deficiency) of revenues over expenditures 6,237 5,937 7,372 1,435 Fund balances-beginning 76,244 77,385 77,385 - Fund balances-ending 82,481$ 83,322$ 84,757$ 1,435$ City of Bremerton / 97 2015 Public Safety Bond Debt Services Fund Other Governmental Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Taxes 480,000$ 480,000$ 479,191$ (809)$ Other revenue 1,000 1,000 4,475 3,475 Total revenues 481,000 481,000 483,666 2,666 EXPENDITURES Debt service 499,100 499,400 499,700 (300) Total expenditures 499,100 499,400 499,700 (300) Excess (deficiency) of revenues over expenditures (18,100) (18,400) (16,034) 2,366 Fund balances-beginning 53,410 55,715 55,715 0 Prior period adjustments - - - - Fund balances-ending 35,310$ 37,315$ 39,681$ 2,366$ City of Bremerton / 98 City of Bremerton Schedule of Revenues, Expenditures and Changes in Fund Balance Budget to Actual 2019 Refunding LTGO For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Other revenue -$ 131,252$ 6,816,491$ 6,685,239$ Total revenues - 131,252 6,835,410 6,704,158 EXPENDITURES Debt service - - 6,665,000 (6,665,000) Total expenditures - - 6,665,000 (6,665,000) Excess (deficiency) of revenues over expenditures - 131,252 170,410 39,158 Fund balances-beginning - - - - Fund balances-ending -$ 131,252$ 170,410$ 39,158$ City of Bremerton / 99 General Government Capital Projects Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Taxes 1,800,000$ 1,800,000$ 1,944,476$ 144,476$ Other revenue 20,000 20,000 92,731 72,731 Total revenues 1,820,000 1,820,000 2,037,207 217,207 EXPENDITURES Capital expenditure - - Transfers 1,976,007 2,269,556 1,800,756 468,800 Total expenditures 1,976,007 2,269,556 1,800,756 468,800 Excess (deficiency) of revenues over expenditures (156,007) (449,556) 236,451 686,007 Fund balances-beginning 2,478,370 2,739,879 2,739,879 - Fund balances-ending 2,322,363$ 2,290,323$ 2,976,330$ 686,007$ City of Bremerton / 100 Park Facilities Capital Projects Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Intergovernmental -$ -$ 123,222$ 123,222$ Other revenue 39,500 62,250 52,309 (9,941) Total revenues 39,500 62,250 175,531 113,281 EXPENDITURES Supplies, services & taxes - 39,500 16,578 22,922 Capital expenditure 39,500 140,515 129,724 10,791 Total expenditures 39,500 180,015 146,302 33,713 Excess (deficiency) of revenues over expenditures - (117,765) 29,230 146,995 Fund balances-beginning 97,585 223,748 223,748 - Fund balances-ending 97,585$ 105,983$ 252,978$ 146,995$ City of Bremerton / 101 Residential Street Capital Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Taxes 1,017,379$ 1,017,379$ 1,046,096$ 28,717$ Intergovernmental 125,000 125,000 125,000 - Other revenue 107,000 107,000 185,544 78,544 Total revenues 1,249,379 1,249,379 1,356,640 107,261 EXPENDITURES Personnel 348,100 358,100 289,408 68,692 Supplies, services & taxes 406,242 406,242 153,574 252,668 Capital expenditure 445,000 445,000 277,477 167,523 Total expenditures 1,199,342 1,209,342 720,458 488,884 Excess (deficiency) of revenues over expenditures 50,037 40,037 636,181 596,144 Fund balances-beginning 1,278,778 1,142,106 1,142,106 - Fund balances-ending 1,328,815$ 1,182,143$ 1,778,287$ 596,144$ City of Bremerton / 102 Transportation Capital Projects Fund Other Governmental Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Taxes 417,379$ 417,379$ 391,595$ (25,784)$ Licenses and permits - - - - Intergovernmental 2,748,545 3,465,581 870,210 (2,595,371) Charges for services - - 13,508 13,508 Fines and forfeitures - - - - Other revenue 1,202,007 1,634,769 981,078 (653,691) Total revenues 4,367,931 5,517,729 2,256,391 (3,261,338) EXPENDITURES Personnel - 20,000 17,571 2,429 Supplies, services & taxes 782,500 1,128,984 744,560 384,424 Capital expenditure 3,563,140 4,330,535 1,429,701 2,900,834 Total expenditures 4,345,640 5,479,519 2,191,832 3,287,687 Excess (deficiency) of revenues over expenditures 22,291 38,210 64,559 26,349 Fund balances-beginning 1,703,278 948,353 948,353 - Fund balances-ending 1,725,569$ 986,563$ 1,012,912$ 26,349$ City of Bremerton / 103 Fire Public Safety Capital Projects Fund Other Governmental Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Other revenue 5,000$ 5,000$ 25,223$ 20,223$ Total revenues 5,000 5,000 25,223 20,223 EXPENDITURES Supplies, services & taxes - - 45,815 (45,815) Capital expenditure 981,531 981,531 74,914 906,617 981,531 981,531 120,729 860,802 Excess (deficiency) of revenues over expenditures (976,531) (976,531) (95,506) (840,578) Fund balances-beginning 976,531 1,080,815 1,080,815 - Fund balances-ending -$ 104,284$ 985,309$ (840,578)$ City of Bremerton / 104 Lebo Boulevard Construction Capital Projects Fund Other Government Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Other revenue -$ 3,546$ 3,260$ (286)$ Total revenues - 3,546 3,260 (286) EXPENDITURES Transfers - 238,000 237,714 286 - 238,000 237,714 286 Excess (deficiency) of revenues over expenditures - (234,454) (234,454) (571) Fund balances-beginning - 234,454 234,454 - Fund balances-ending -$ -$ (0)$ (571)$ City of Bremerton / 105 Affordable Housing Capital Projects Fund Other Governmental Funds Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended December 31, 2019 Original Budget 2019 Final Budget 2019 Actual 2019 Variance with Final Budget Positive (Negative) REVENUES Other revenue 101,104$ 101,104$ 101,843$ 739$ Total revenues 101,104 101,104 101,843 739 EXPENDITURES Supplies, services & taxes - 100,000 100,000 - Capital expenditure 100,000 - - - Transfers - - - - Total expenditures 100,000 100,000 100,000 - Excess (deficiency) of revenues over expenditures 1,104 1,104 1,843 739 Fund balances-beginning - - - - Fund balances-ending 1,104$ 1,104$ 1,843$ 739$ City of Bremerton / 106 Combining Statement of Net Position Internal Service Funds December 31, 2019 Risk Management Self Insurance Health & Welfare Employment Security Accrued Leave Liability Equipment Rental Operations Equipment Reserve Information Technology Total ASSETS AND DEFERRED OUTFLOWS Current assets: Cash and cash equivalents 1,033,258$ 36,529$ 116,336$ 120,397$ 2,457$ 1,848,079$ 392,183$ 3,549,239$ Restricted cash 100,000 - - - - - - 100,000 Investments 1,370,944 - 140,736 145,649 2,972 2,235,690 474,439 4,370,430 Restricted Investments - - - - - - - - External receivables 37,535 - - 49,582 - - - 87,117 Interest receivables 5,962 - 612 633 13 9,722 2,063 19,005 Due from other funds 23,000 - - - 99,785 292,665 5,443 420,893 Due from other governments - Inventories - - - - 95,022 - - 95,022 Prepayments 252,885 - - - - - - 252,885 Total current assets 2,823,584 36,529 257,684 316,261 200,249 4,386,156 874,128 8,894,591 Restricted assets:- - - - - - - Noncurrent assets: Notes and contracts receivable - - - - - - - - Capital assets not being depreciated - - - - - 11,757 - 11,757 Capital assets net of depreciation - - - - - 6,935,481 36,436 6,971,917 Total noncurrent assets - - - - - 6,947,238 36,436 6,983,674 Total assets 2,823,584 36,529 257,684 316,261 200,249 11,333,394 910,564 15,878,265 Deferred outflows of resources Deferred amount on refunding - - - - - - - - Deferred amount related to pension - - - - 36,253 - 53,354 89,607 Total deferred outflows of resources - - - - 36,253 - 53,354 89,607 Total assets and deferred outflows 2,823,584$ 36,529$ 257,684$ 316,261$ 236,502$ 11,333,394$ 963,918$ 15,967,872$ LIABILITIES AND DEFERRED INFLOWS Current liabilities: Accounts/contract payable 146,602 - 28,707 - 75,045 640 4,255 255,249 Claims and Judgements Payable 299,330 - - - - - 299,330 Due to other funds - - - - 5,828 580 93 6,501 Employee wages payable - - - 92,240 20,768 - 33,049 146,057 Other accrued liabilities - - - - 19,281 - 12,295 31,576 Current portion of long-term debt - - - - - - - - Custodial accounts - - - - - - - - Total current liabilities 445,932 - 28,707 92,240 120,922 1,220 49,692 738,713 Payable from restricted assets: - - - - - - Noncurrent liabilities: Claims and judgments payable 1,197,320 - - - - - - 1,197,320 Bonds, notes and loans payable - Net pension liability - - - - 33,736 - 49,317 83,053 Compensated absences - - - - 27,706 - 18,442 46,148 Total noncurrent liabilities 1,197,320 - - - 61,442 - 67,759 1,326,521 Total liabilities 1,643,252 - 28,707 92,240 182,364 1,220 117,451 2,065,234 Deferred inflows of resources pension - - - - 73,144 - 106,579 179,723 Total liabilities and deferred inflows 1,643,252$ -$ 28,707$ 92,240$ 255,508$ 1,220$ 224,030$ 2,244,957$ NET POSITION Net investment in capital assets - - - - - 6,947,238 36,436 6,983,674 Restricted for capital assets - Restricted for debt service - Restricted for Worker's Compensation 100,000 - - - - - - 100,000 Unrestricted 1,080,332 36,529 228,977 224,021 (19,006) 4,384,936 703,452 6,639,241 Total net position 1,180,332$ 36,529$ 228,977$ 224,021$ (19,006)$ 11,332,174$ 739,888$ 13,722,915$ Governmental Activities Internal Service Funds See accompanying notes to the financial statements. City of Bremerton / 107 Combining Statement of Revenues, Expenses and Changes in Fund Net Position Internal Service Funds for the Year Ended December 31, 2019 Risk Management Self Insurance Health & Welfare Employment Security Accrued Leave Liability Equipment Rental Operations Equipment Reserve Information Technology Total OPERATING REVENUES Charges for services 1,806,294$ -$ -$ 600,334$ 1,776,621$ -$ 1,676,012$ 5,859,261$ Other operating revenue 1,329 - - - - - - 1,329 Total operating revenues 1,807,623 - - 600,334 1,776,621 - 1,676,012 5,860,590 OPERATING EXPENSES Operations and maintenance 107,688 - 95,664 544,707 1,491,275 916 1,456,984 3,697,234 General administration 267,400 - - - 440,850 - - 708,250 Depreciation and amortization - - - - - 781,995 12,145 794,140 Risk transfer payments 721,523 - - - - - - 721,523 Payments to claimants & beneficiaries 1,325,728 (279) - - - - - 1,325,449 Other operating expenses - - - - - - - - Total operating expenses 2,422,339 (279) 95,664 544,707 1,932,125 782,911 1,469,129 7,246,596 Operating income (loss)(614,716) 279 (95,664) 55,627 (155,504) (782,911) 206,883 (1,386,006) NONOPERATING REVENUES (EXPENSES) Interest and investment revenue 58,763 - 7,130 5,347 (64) 89,659 16,357 177,192 Gain (loss) on capital asset disposal - - - - 1,737 (7,008) - (5,271) Other nonoperating revenue/expense 2,200 (52) - - - 11,944 950 15,042 Total nonoperating revenues (expenses)60,963 (52) 7,130 5,347 1,673 94,595 17,307 186,963 Income (loss) before contributions and transfers (553,753) 227 (88,534) 60,974 (153,831) (688,316) 224,190 (1,199,043) Capital contributions - 1,261,551 - 1,261,551 Transfers to other funds - - - - - - - - Transfers from other funds - - - - - - 250,000 250,000 Special items (Note)- - - - - - - Change in net position (553,753) 227 (88,534) 60,974 (153,831) 573,235 474,190 312,508 Total net position - beginning 1,734,085 36,302 317,511 163,047 134,825 10,758,939 265,698 13,410,407 Total net position - ending 1,180,332$ 36,529$ 228,977$ 224,021$ (19,006)$ 11,332,174$ 739,888$ 13,722,915$ Governmental Activities Internal Service Funds See accompanying notes to the financial statements. City of Bremerton / 108 City of Bremerton Statement of Cash Flows Internal Service Funds for the Year Ended December 31, 2019 Page 1 of 2 Risk Management Self Insurance Health & Welfare Employment Security Accrued Leave Liability Equipment Rental Operations Equipment Reserve Information Technology Total CASH FLOWS FROM OPERATING ACTIVITIES Cash received from customers -$ -$ -$ -$ -$ -$ -$ -$ Cash receipts from interfund services 1,764,759 - 607 568,403 1,679,029 - 1,670,569 5,683,367 Other receipts and payments 1,329 - -- - - -1,329 Cash payments to suppliers (311,140) (150) 24,493 (35,640) (1,125,786) - (667,994) (2,116,217) Cash payments to employees - - - (511,717) (543,340) - (776,410) (1,831,467) Cash payments for interfund services (267,400) - (95,664) - (187,363) (100,843) (90,053) (741,323) Purchase of insurance (721,523) - -- - - - (721,523) Payment for insurance claims (826,258) 279 - - - - - (825,979) Net cash provided (used) by operating activities (360,233) 129 (70,564) 21,046 (177,460) (100,843) 136,112 (551,813) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfer ins - - - - - 250,000 250,000 Transfer outs - - - - - -- Other receipts and payments 2,200 (52) - - - - - 2,148 Net cash provided (used) by noncapital financing activities 2,200 (52) - - - - 250,000 252,148 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital contributions - - - - - 2,306,821 - 2,306,821 Sale or involuntary conversion of capital assets - - - - 1,737 58,518 - 60,255 Acquisition and construction of capital assets - - - - - (1,837,850) - (1,837,850) Net cash provided (used) by capital and related financing activities - - - - 1,737 527,489 - 529,226 CASH FLOW FROM INVESTING ACTIVITIES Interest on loans and investments 57,985 - 7,111 5,157 257 86,538 15,153 172,201 Net change in investments 247,783 - 44,284 (7,202) 101,448 (174,603) (206,364) 5,346 Net cash provided (used) by investing activities 305,768 - 51,395 (2,045) 101,705 (88,065) (191,211) 177,547 Net increase (decrease) in cash and cash equivalents (52,265) 77 (19,169) 19,001 (74,018) 338,581 194,901 407,108 Cash and equivalents - beginning 1,185,523 36,452 135,505 101,396 76,475 1,509,498 196,332 3,241,181 Cash and equivalents - ending 1,133,258$ 36,529$ 116,336$ 120,397$ 2,457$ 1,848,079$ 391,233$ 3,648,289$ Cash at the end of the year consists of: Operating fund cash 1,033,258 36,529 116,336 120,397 2,457 1,848,079 392,183 3,549,239 Restricted cash 100,000 - - - - - - 100,000 Total cash at end of year 1,133,258$ 36,529$ 116,336$ 120,397$ 2,457$ 1,848,079$ 392,183$ 3,649,239$ Governmental Activities Internal Service Funds See accompanying notes to the financial statements. City of Bremerton / 109 City of Bremerton Statement of Cash Flows Internal Service Funds for the Year Ended December 31, 2019 Page 2 of 2 Risk Management Insurance Health & Welfare Employment Security Accrued Leave Liability Equipment Rental Operations Equipment Reserve Information Technology Total Reconciliation of operating income to net cash provided by operating activities: Operating income (loss)(614,716) 279 (95,664) 55,627 (155,504) (782,911) 206,883 (1,386,006) Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation - - - - - 781,995 12,145 794,140 Contra pension expense - - - - (19,787) - (34,272) (54,059) Decrease (increase) in receivables - - - - - - - - Decrease (increase) in due from other funds/govt (41,535) - 607 (31,931) (97,592) - (5,443) (175,894) Decrease (increase) in prepaid expenses - - - - - - - - Decrease (increase) in inventory - - - - 82,507 - - 82,507 Increase (decrease) in accounts payable (203,452) (150) 24,493 (35,640) (2,787) - (23,498) (241,034) Increase (decrease) in due to other funds/govt - - - - (2,092) (99,927) (1,015) (103,034) Increase (decrease) in employee wages payable - - - 32,990 8,800 - (5,700) 36,090 Increase (decrease) in employee leaves payable - - - - 8,995 - (12,988) (3,993) Increase (decrease) in other payables 499,470 - - - - - - 499,470 Net cash provided by operating activities (360,233)$ 129$ (70,564)$ 21,046$ (177,460)$ (100,843)$ 136,112$ (551,813)$ Noncash investing, capital and financial activities Developers contributed infrastructure -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - Governmental Activities Internal Service Funds See accompanying notes to the financial statements. City of Bremerton / 110 Combining Statement of Fiduciary Net Position Agency Funds December 31, 2018 Salary Clearing Administrative Trust Water Clearing Total Assets Cash and cash equivalents 354,405$ 200,205$ (13,159)$ 541,451 Total assets 354,405$ 200,205$ (13,159)$ 541,451$ Deferred outflows of resources -$ -$ -$ Liabilities Accounts/contracts payable - 39,671 39,671 Other current liabilities 354,405 160,534 (13,159) 501,780 Total liabilities 354,405$ 200,205$ (13,159)$ 541,451$ Deferred inflows of resources -$ -$ -$ See accompanying notes to the financial statements. City of Bremerton / 111 Net Position by ComponentLast Ten Fiscal Years(accrual basis of accounting)Table 12010201120122013201420152016201720182019Governmental activitiesNet investment in capital assets66,905,386$ 71,532,476$ 78,295,484$ 80,093,194$ 83,690,399$ 82,209,827$ 82,392,861$ 92,668,578$ 90,725,735$ 89,793,827$ Restricted8,275,949 6,008,032 4,200,925 4,104,980 3,767,053 8,629,268 7,876,417 5,168,496 6,595,111 6,442,935 Unrestricted9,434,193 5,948,429 8,795,698 9,704,988 9,237,898 3,997,964 7,725,636 10,461,715 (11,238,387) (4,624,541) Total government activities net position84,615,528$ 83,488,937$ 91,292,107$ 93,903,162$ 96,695,350$ 94,837,059$ 97,994,914$ 108,298,789$ 86,082,459$ 91,612,221$ Business-type activitiesNet investment in capital assets128,158,641$ 128,930,881$ 139,290,172$ 145,318,353$ 147,992,658$ 147,071,444$ 151,010,043$ 151,096,269$ 157,667,887$ 165,615,921$ Restricted1,305,903 1,527,135 1,616,969 1,778,954 7,648,222 2,201,230 9,750,551 4,415,105 2,013,883 2,130,920 Unrestricted23,973,489 26,398,932 24,624,122 21,386,988 14,110,023 19,858,485 12,406,380 22,542,260 28,222,526 27,840,687 Total business-type activities net position 153,438,033$ 156,856,948$ 165,531,263$ 168,484,295$ 169,750,903$ 169,131,159$ 173,166,974$ 178,053,634$ 187,904,296$ 195,587,528$ Primary governmentNet investment in capital assets195,064,027$ 200,463,357$ 217,789,699$ 225,411,547$ 231,683,057$ 229,281,271$ 233,402,904$ 243,764,847$ 248,393,622$ 255,409,748$ Restricted9,581,852 7,535,167 5,817,894 5,883,934 11,415,275 10,830,498 17,626,968 9,583,601 8,608,994 8,573,855 Unrestricted33,407,682 32,347,361 33,215,777 31,091,976 23,347,921 23,856,449 20,132,016 33,003,975 16,984,139 23,216,146 Total primary government net position238,053,561$ 240,345,885$ 256,823,370$ 262,387,457$ 266,446,253$ 263,968,218$ 271,161,888$ 286,352,423$ 273,986,755$ 287,199,749$ December 31,020,000,00040,000,00060,000,00080,000,000100,000,000120,000,000140,000,000160,000,000180,000,000200,000,0002010 2011 2012 2013 2014 2015 2016 2017 2018 2019Total Net PositionGovernmentalBusiness-TypeCity of Bremerton / 112 Changes in Net PositionLast Ten Fiscal Years(accrual basis of accounting)Table 22010201120122013201420152016201720182019Program RevenuesGovernmental activities:Program revenuesCharges for services 7,974,533$ 8,134,426$ 8,147,866$ 7,554,419$ 7,375,242$ 8,149,740$ 8,567,603$ 9,658,198$ 12,243,017$ 12,283,079$ Operating grants and contributions 2,685,281 1,862,766 677,864 756,478 686,422 821,207 564,000 546,661 724,939 3,248,605 Capital grants and contributions 3,748,282 1,753,775 6,847,248 3,752,058 3,072,619 3,342,402 1,819,614 8,861,763 3,348,533 1,119,760 General revenuesProperty taxes 8,553,934 8,546,532 8,578,750 8,511,679 8,688,122 8,971,576 9,618,496 9,746,766 10,044,803 10,154,188 Sales taxes 6,538,977 7,050,928 7,295,954 7,678,855 8,129,965 8,662,583 8,950,661 9,626,108 10,098,968 10,742,691 Business taxes 3,406,535 3,175,405 3,256,913 2,665,107 2,733,787 2,878,276 4,018,179 3,788,009 4,005,726 4,266,679 Utility taxes 4,531,307 4,512,670 4,407,473 4,415,712 4,332,386 9,695,992 9,773,769 10,337,783 10,358,465 10,630,789 Other taxes 2,391,050 2,384,628 2,679,142 3,147,164 4,045,311 4,045,245 4,209,946 3,969,957 4,054,630 3,719,323 Other general revenues 1,428,517 657,845 488,144 (720,663) 692,314 484,086 192,569 454,653 717,528 666,686 Total governmental program revenues41,258,416 38,078,975 42,379,354 37,760,809 39,756,168 47,051,107 47,714,837 56,989,898 55,596,609 56,831,800 Business-type activities: Charges for services:25,981,745 26,471,213 26,807,859 29,197,326 31,020,945 34,561,549 34,191,517 35,986,319 37,760,459 38,857,424 Operating grants and contributions65,812 258,531 3,000 392,179 - 11,005 24,951 - - 19,457 Capital grants and contributions7,417,318 2,580,408 9,253,974 3,877,546 1,386,750 2,132,266 1,975,830 3,691,094 3,278,279 3,286,923 General revenuesSales taxes- 16,735 16,201 30,041 28,022 47,570 75,552 87,043 77,053 109,529 Business taxes6,486 395 1,120 4,598 3,915 14,020 17,948 8,316 8,056 15,041 Other general revenues584,246 613,062 683,660 474,662 531,817 644,409 153,087 (108,993) 831,174 1,761,228 Total business-type activities program revenues 34,055,607 29,940,344 36,765,814 33,976,352 32,971,449 37,410,819 36,438,885 39,663,779 41,955,021 44,049,602 Total primary government program revenues75,314,023$ 68,019,319$ 79,145,168$ 71,737,161$ 72,727,617$ 84,461,926$ 84,153,722$ 96,653,677$ 97,551,630$ 100,881,402$ ExpensesGovernmental activities:General government4,001,383$ 3,250,587$ 4,585,130$ 2,335,832$ 3,353,284$ 3,898,120$ 4,205,961$ 4,368,302$ 4,627,444$ 4,854,589$ Public safety23,922,957 24,187,445 23,718,909 23,177,212 23,337,415 24,347,998 25,840,494 26,645,815 23,379,480 27,173,950 Utilities and environment226,975 219,431 219,631 219,560 220,176 - - - - - Transportation4,214,922 4,012,477 4,235,164 4,206,821 4,459,164 5,801,997 5,515,358 6,014,666 6,865,230 8,336,420 Economic environment2,031,753 3,310,097 2,231,951 1,865,434 1,813,732 1,889,697 1,905,763 2,142,745 2,037,587 2,701,913 Cultural and recreation5,944,853 6,510,247 5,975,233 6,061,443 5,991,865 6,127,784 5,967,564 6,210,732 6,577,861 7,240,365 Interest on long-term debt961,926 976,987 1,511,968 1,172,255 1,221,700 1,214,965 1,097,787 1,211,659 1,168,037 979,440 Total governmental activities expenses41,304,769 42,467,271 42,477,986 39,038,557 40,397,336 43,280,561 44,532,927 46,593,919 44,655,639 51,286,677 Business-type activities:Water9,242,707 8,298,916 8,868,640 8,923,134 9,276,527 10,222,657 13,163,870 13,690,176 13,596,316 12,800,708 Wastewater8,927,299 9,009,876 9,822,019 9,943,879 9,945,606 10,128,629 12,725,757 13,653,478 14,661,810 15,493,107 Golf course3,198,390 2,256,772 2,135,886 2,271,036 4,008,939 3,827,264 3,972,630 3,417,408 4,364,422 3,639,459 Other proprietary funds1,478,026 1,603,135 1,831,098 2,281,994 2,151,899 1,823,388 2,564,868 4,016,057 2,930,825 4,296,600 Total business-type activities expenses22,846,422 21,168,699 22,657,643 23,420,043 25,382,971 26,001,938 32,427,125 34,777,119 35,553,373 36,229,874 Total primary government expenses64,151,191$ 63,635,970$ 65,135,629$ 62,458,600$ 65,780,307$ 69,282,499$ 76,960,052$ 81,371,038$ 80,209,012$ 87,516,551$ December 31,City of Bremerton / 113 Changes in Net PositionLast Ten Fiscal Years(accrual basis of accounting)Table 22010201120122013201420152016201720182019December 31,Change in Net PositionGovernmental activities:Excess of revenues over expenses (46,353)$ (4,388,296)$ (98,632)$ (1,277,748)$ (641,168)$ 3,770,546$ 3,181,910$ 10,395,979$ 10,940,970$ 5,545,123$ Transfers 4,175,924 3,610,764 3,737,965 4,462,373 5,492,002 6,416,953 (24,055) - - - Governmental activities change in net position 4,129,571 (777,532) 3,639,333 3,184,625 4,850,834 10,187,499 3,157,855 10,395,979 10,940,970 5,545,123 Business-type activities:Excess of revenues over expenses 11,209,185 8,771,645 14,108,171 10,556,309 7,588,478 11,408,881 4,011,760 4,886,660 6,401,648 7,819,728 Transfers (4,175,924) (3,610,764) (3,737,965) (4,462,373) (5,492,002) (6,416,953) 24,055 - - - Business-type activities change in net position 7,033,261 5,160,881 10,370,206 6,093,936 2,096,476 4,991,928 4,035,815 4,886,660 6,401,648 7,819,728 Governmental Activities Net Position:Net position - beginning 85,911,876 84,358,110 84,615,528 83,488,937 91,292,107 93,903,162 94,837,059 97,994,914 109,377,800 86,067,098 Prior period adjustment/special items (5,811,306) (2,144,491) (465,545) - (244,420) (100,372) - 986,907 - - Net position - ending 84,230,141 81,436,087 87,789,316 86,673,562 95,898,521 103,990,289 97,994,914 109,377,800 120,318,770 91,612,221 Business-type activities net positionNet position - beginning128,900,769 144,890,858 153,438,033 156,856,948 165,531,263 168,484,295 169,131,159 173,166,974 178,053,634 187,790,800 *Prior period adjustment/special items10,904,141 (728,969) (125,821) (209,083) (148,347) 714,050 - - (30,787,297) (23,000) Net position - ending146,838,171 149,322,770 163,682,418 162,741,801 167,479,392 174,190,273 173,166,974 178,053,634 153,667,985 195,587,528 Total Primary Government Net Position231,068,312$ 230,758,857$ 251,471,734$ 249,415,363$ 263,377,913$ 278,180,562$ 271,161,888$ 287,431,434$ 273,986,755$ 287,199,749$ * GASB 75Cumulative Effect of Change in Accounting PrincipleCity of Bremerton / 114 Fund Balance of Governmental FundsLast Ten Fiscal YearsTable 32010 2011* 2012 2013 2014 2015 2016 2017 2018 2019General fundNonspendable -$ 18,683$ 18,418$ 24,801$ 20,060$ 18,827$ 23,407$ 18,957$ 30,279$ 36,109$ Restricted- 48,556 20,562 50,179 50,179 76,836 59,868 173,169 117,097 144,061 Committed- - - - - 729,705 939,373 1,024,537 1,298,268 1,360,441 Assigned- 65,926 545,168 - - - - - - - Unassigned- 3,274,281 4,018,522 4,794,308 4,725,880 4,658,608 6,942,454 9,102,269 10,886,312 14,113,464 General fund *Reserved- - - - - - - - - - Unreserved3,049,878 - - - - - - - - - Total General Fund3,049,878$ 3,407,446$ 4,602,670$ 4,869,288$ 4,796,119$ 5,483,976$ 7,965,102$ 10,318,932$ 12,331,956$ 15,654,075$ All other governmental fundsNonspendable -$ 23,264$ -$ -$ -$ -$ -$ -$ -$ -$ Restricted- 4,592,196 2,786,592 3,040,543 2,923,689 7,813,051 7,121,639 6,536,627 6,378,014 6,198,874 Committed- 232,026 313,984 357,663 652,253 674,653 566,466 785,236 1,269,567 1,382,691 Assigned- 1,045,415 1,577,720 2,051,610 1,927,149 1,674,781 2,700,402 3,125,414 2,748,639 3,815,568 Unassigned- (96,866) - - - - - - - 13,701 All other governmental funds *Reserved391,078 - - - - - - - - - Unreserved, reported in:Special revenue funds4,488,327 - - - - - - - - - Capital projects funds6,662,498 - - - - - - - - - Debt service funds433,778 - - - - - - - - - Total All Other Governmental Funds11,975,681$ 5,796,035$ 4,678,296$ 5,449,816$ 5,503,091$ 10,162,485$ 10,388,507$ 10,447,277$ 10,396,220$ 11,410,834$ December 31, 0%24%10%14%52%2018 Governmental Fund BalancesNonspendableRestrictedCommittedAssignedUnassigned - 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,0002010 2011* 2012 2013 2014 20162017 2018 2019Governmental Fund Balances by Fiscal Year20102011*2012201320142016201720182019*Fund Balance reporting change resulting from implementation of GASB54 in 2011City of Bremerton / 115 Changes in Fund Balances of Governmental FundsLast Ten Fiscal YearsTable 42010 2011 2012 2013 2014 2015 2016 2017 2018 2019RevenuesTaxes 23,958,593$ 24,139,778$ 24,476,535$ 24,893,527$ 25,964,771$ 32,486,301$ 34,904,810$ 36,450,093$ 38,800,480$ 39,038,975$ License and permits 1,165,394 1,233,719 1,133,301 1,264,323 1,306,759 1,439,387 1,499,846 1,470,392 1,677,810 1,930,527 Intergovernmental8,266,451 5,650,308 6,961,371 5,597,461 6,010,619 4,982,307 4,476,429 9,216,305 6,347,630 6,557,740 Charges for services5,648,907 4,950,225 6,601,588 3,345,061 3,079,275 3,507,757 3,113,149 6,889,927 3,980,621 4,148,378 Fines and forfeits1,581,937 1,536,690 1,492,213 1,252,160 1,260,469 1,377,204 1,475,329 1,571,777 1,682,679 1,858,767 Miscellaneous2,962,238 1,706,691 1,985,835 1,737,857 2,030,651 2,129,699 1,702,113 2,178,425 2,272,045 2,628,118 Total revenues43,583,520 39,217,411 42,650,843 38,090,389 39,652,544 45,922,655 47,171,676 57,776,919 54,761,265 56,162,505 ExpendituresGeneral government6,878,458 7,237,760 6,096,052 4,833,662 4,713,790 5,204,949 5,384,977 7,638,665 6,333,353 6,518,514 Public safety22,369,568 21,787,632 21,161,867 21,473,549 22,513,669 23,534,874 23,363,734 23,430,397 24,799,370 25,873,308 Utilities and environment219,431 219,631 219,560 28,166 23,165 28,694 28,401 24,450 31,103 38,387 Transportation3,010,848 3,135,657 4,419,430 3,242,692 4,236,661 4,382,943 3,807,174 5,763,284 4,690,768 5,889,868 Economic environment3,269,259 2,292,909 1,891,527 1,616,533 1,647,643 1,799,656 1,832,929 2,330,587 2,343,463 2,728,510 Mental/physical health75,126 75,573 69,963 271,038 274,877 275,421 154,084 126,279 82,030 84,683 Cultural and recreation4,867,545 4,364,162 4,530,933 4,226,772 4,480,333 4,552,498 4,458,543 4,544,247 5,078,832 5,149,531 Debt servicePrinciple771,500 1,382,500 1,458,239 10,025,000 1,260,000 1,255,000 1,685,000 1,715,000 1,770,000 1,820,000 Interest and other debt issue costs964,772 1,402,902 1,140,116 1,174,562 1,192,256 1,222,366 1,259,364 1,228,139 1,185,478 1,095,261 Capital9,361,248 7,256,768 5,708,349 4,781,135 6,028,569 4,879,056 2,598,779 9,262,740 6,172,520 2,230,973 Intergovernmental Payments- 42,203 - - - - - - - - Total expenditures51,787,755 49,197,697 46,696,036 51,673,109 46,370,963 47,135,457 44,572,985 56,063,788 52,486,917 51,429,035 Excess of revenues over (under) expenditures(8,204,235) (9,980,286) (4,045,193) (13,582,720) (6,718,419) (1,212,802) 2,598,691 1,713,131 2,274,348 4,733,470 Other Financing Sources (Uses)Proceeds of long-term debt19,407,267 9,675,000 5,215,000 8,590,000 - 4,160,000 - - - 6,640,000 Premiums on bonds sold122,033 401,073 - 399,823 - - - - Payments to refunded escrow agent(10,387,010) (9,675,000) (5,653,814) - - - - - - (6,584,044) Capital asset donation and disposal40,930 511,823 - 137,498 199,550 67,728 123,770 1,186,254 186,152 - Insurance recoveries18,629 1,251 349 285 8,817 10,620 8,741 13,218 8,877 35,022 Transfers in5,630,979 6,921,147 6,074,690 6,932,744 8,098,633 4,746,365 1,885,584 2,568,366 4,109,782 3,718,406 Transfers out(2,020,214) (3,282,833) (1,612,316) (1,440,742) (1,681,679) (2,840,790) (1,909,639) (3,068,366) (4,617,196) (4,206,120) Total other financing sources and uses 12,690,581 4,151,388 4,145,942 14,620,858 6,625,321 6,543,746 108,456 699,472 (312,385) (396,736) December 31, City of Bremerton / 116 Changes in Fund Balances of Governmental FundsLast Ten Fiscal YearsTable 42010 2011 2012 2013 2014 2015 2016 2017 2018 2019December 31, Other Change in Fund BalanceChange in reserves for inventory (10,666) 6,820 (23,264) - - - - - - - Net change in fund balances4,475,680 (5,822,078) 77,485 1,038,138 (93,098) 5,330,944 2,707,147 2,412,603 1,961,963 4,336,734 Fund balances-beginning10,426,451 15,025,559 9,203,481 9,280,966 10,319,104 10,299,210 15,646,461 18,353,609 20,766,212 22,728,175 Prior Period Adjustments123,428 - - - 73,204 16,307 - - - - Fund balances-ending15,025,559$ 9,203,481$ 9,280,966$ 10,319,104$ 10,299,210$ 15,646,461$ 18,353,608$ 20,766,212$ 22,728,175$ 27,064,909$ Debt service as a percentage of noncapital expenditures4.09% 6.64% 6.34% 23.88% 6.08% 5.86% 7.01% 6.29% 6.38% 5.93% - 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,0002010 2011 2012 2013 2014 2015 2016 2017 2018 2019Changes in Fund Balance by Fiscal YearBeginning Fund BalanceEnding Fund BalanceCity of Bremerton / 117 Assessed and Estimated Actual Value of Taxable PropertyLast Ten Fiscal YearsTable 5FiscalYearAssessed ValueEstimatedActual ValueAssessed ValueEstimatedActual ValueAssessed ValueEstimatedActual Value2010 2,738,164,824 3,187,619,120 161,319,684 163,279,032 2,899,484,508 3,350,898,152 86.2% 2.972011 2,592,959,827 2,939,863,749 155,787,967 157,999,967 2,748,747,794 3,097,863,716 88.4% 3.132012 2,396,294,922 2,704,621,808 152,670,570 155,153,018 2,548,965,492 2,859,774,826 88.8% 3.372013 2,250,204,824 2,445,874,809 144,576,776 148,436,115 2,394,781,600 2,594,310,924 92.1% 3.612014 2,143,730,007 2,358,338,842 149,270,722 156,304,421 2,293,000,729 2,514,643,263 91.0% 3.852015 2,206,109,042 2,346,924,513 148,433,705 149,480,065 2,354,542,747 2,496,404,578 94.1% 3.832016 2,358,328,229 2,508,859,818 145,081,330 146,104,058 2,503,409,559 2,654,963,876 88.9% 3.892017 2,596,377,541 2,762,103,767 140,227,596 141,216,109 2,736,605,137 2,903,319,876 89.2% 3.572018 2,926,744,313 3,113,557,780 146,755,271 147,789,800 3,073,499,584 3,261,347,580 89.1% 3.272019 3,443,857,735 3,663,678,441 159,545,958 160,670,653 3,603,403,693 3,824,349,094 90.4% 2.83 Ratio of Assessed Valueto Estimated Actual ValueTotal Levy Rate per $1,000Real PropertyPersonal PropertyTotal050,000,000100,000,000150,000,000200,000,000250,000,000300,000,000350,000,0002010 2011 2012 2013 2014 2015 2016 2017 2018 2019PERSONAL PROPERTYPersonal Property Assessed ValuePersonal Property EstimatedActual Value01,000,000,0002,000,000,0003,000,000,0004,000,000,0005,000,000,0006,000,000,0007,000,000,0008,000,000,0002010 2011 2012 2013 2014 2015 2016 2017 2018 2019REAL PROPERTYAssessed ValueEstimatedActual ValueCity of Bremerton / 118 Governmental Activities Tax Revenues by SourceLast Ten Fiscal YearsTable 62010201120122013201420152016201720182019General RevenuesTaxesProperty Tax8,553,934 8,546,532 8,578,750 8,511,679 8,688,122 8,971,576 9,618,497 9,746,766 10,044,803 10,154,188 Local Sales & Use TaxLocal Retail Sales & Use Tax6,120,060 6,604,669 6,844,193 6,489,850 6,864,848 7,288,823 8,007,178 8,568,933 9,041,182 9,655,021 Local Revitalization Financing146,258 370,613 339,594 337,450 340,860 349,901 352,173 356,075 343,160 330,000 Hotel/Motel Sales & Use Tax347,792 393,288 417,131 388,620 434,001 529,682 555,833 637,423 695,492 713,309 Criminal Justice Sales & Use Tax418,917 446,258 451,761 462,935 490,256 541,747 591,310 628,843 714,625 757,669 Total Local Sales & Use Tax7,033,027 7,814,828 8,052,679 7,678,855 8,129,965 8,710,153 9,506,494 10,191,274 10,794,459 11,455,999 Business TaxesBusiness & Occupation Taxes2,811,903 2,765,879 2,698,574 2,609,466 2,664,794 2,838,188 3,254,215 3,075,502 3,127,854 3,327,812 Gambling Excise Taxes276,734 93,146 81,841 55,641 68,993 54,108 68,301 61,669 71,722 57,187 Total Business Taxes3,088,637 2,859,025 2,780,415 2,665,107 2,733,787 2,892,296 3,322,516 3,137,171 3,199,576 3,384,999 Utility TaxesElectric Utility1,716,776 1,776,770 1,756,362 1,822,957 1,839,046 1,786,917 1,921,464 2,056,594 1,966,767 1,918,055 Gas Utility419,100 449,995 375,524 365,522 394,593 371,878 346,428 401,961 392,287 463,906 Garbage/Solid Waste Utility454,929 455,621 459,818 476,599 483,359 573,835 653,451 681,545 716,044 753,030 Cable TV Utility601,782 619,550 617,149 618,076 636,564 609,528 727,765 659,854 626,234 594,961 Telephone Utility1,338,542 1,210,552 1,198,455 1,132,558 978,824 987,549 860,916 788,543 732,356 662,570 Water Utility1,267,675 1,307,466 1,310,542 1,366,011 1,722,961 1,767,957 1,717,541 2,063,033 2,324,594 2,320,742 Wastewater Utility2,015,319 2,044,970 2,699,404 2,621,252 2,750,903 3,051,164 2,964,677 2,999,130 3,436,132 3,082,822 Stormwater Utility327,771 343,308 452,427 481,739 376,536 547,164 581,527 687,123 164,051 834,703 Total Utility Taxes8,141,894 8,208,232 8,869,681 8,884,714 9,182,786 9,695,992 9,773,769 10,337,783 10,358,465 10,630,789 Other Taxes and State Shared RevenueLeasehold Tax101,570 110,491 112,087 111,758 123,721 128,893 127,049 153,008 156,644 48,222 TBD Vehicle Fees- - 189,169 431,866 444,012 480,625 510,642 549,548 580,020 585,817 Parking Tax317,898 316,380 476,499 497,088 547,288 626,078 695,664 650,837 806,149 881,679 Real Estate Excise Tax412,518 336,378 427,807 481,898 788,594 982,512 1,291,762 1,688,426 2,144,954 1,944,476 State & Local Shared Revenue1,529,170 1,544,471 1,722,117 1,624,554 2,141,696 1,827,137 2,280,493 1,562,466 1,753,031 1,013,317 Total Other Taxes and State Shared Revenue 2,361,156 2,307,720 2,927,679 3,147,164 4,045,311 4,045,245 4,905,610 4,604,285 5,440,798 4,473,511 29,178,648 29,736,337 31,209,204 30,887,519 32,779,971 34,315,262 37,126,886 38,017,279 39,838,101 40,099,486 December 31,City of Bremerton / 119 Property Tax RatesDirect and Overlapping GovernmentsLast Ten Fiscal YearsTable 7FiscalYearOperatingMilageEMSMilageDebt ServiceMilageTotal CityMilageKitsap CountyMilageState SchoolMilageBremerton School District Milage/DebtPort of BremertonMilage/DebtPublic UtilityMilageKitsap RegionalLibrary MilageTotalOverlapping RatesTotal Direct &Overlapping Rates2010 2.16239 0.50000 0.30911 2.97151 0.98964 2.13360 3.75818 0.77433 0.06847 0.32040 8.0446211.016132011 2.32957 0.50000 0.29627 3.125831.06784 2.37752 4.13613 0.79156 0.07376 0.34726 8.7940611.919892012 2.55906 0.50000 0.30861 3.367671.13920 2.49738 4.54333 0.81469 0.07804 0.37076 9.4434012.811072013 2.76184 0.50000 0.35143 3.613271.20157 2.50708 5.52472 0.38352 0.08173 0.39111 10.0897313.702992014 2.95020 0.50000 0.39533 3.845541.23562 2.47237 5.88763 0.39439 0.08544 0.40208 10.4775314.323072015 2.94554 0.50000 0.38686 3.832401.20167 2.17682 5.81830 0.38814 0.08312 0.39013 10.0581813.890582016 2.83000 0.49000 0.57000 3.890001.16649 2.35544 5.56692 0.38170 0.08059 0.38179 9.9329313.822932017 2.63000 0.45000 0.48000 3.560001.08619 2.11674 5.53232 0.35055 0.07411 0.35337 9.5132613.073262018 2.40800 0.41000 0.45000 3.268001.01971 3.02127 5.01543 0.32699 0.06816 0.43169 9.8832513.151252019 2.11445 0.36265 0.35137 2.828470.93002 2.66173 3.14878 0.29431 0.06383 0.39380 7.4924710.32094Overlapping RatesCity of Bremerton Direct Rates0.000000.500001.000001.500002.000002.500003.000003.500004.000002010 2011 2012 2013 2014 2015 2016 2017 2018 2019City of Bremerton Direct Property Tax Rate20102011201220132014201520162017201820190.000002.000004.000006.000008.0000010.0000012.0000014.0000016.000002010 2011 2012 2013 2014 2015 2016 2017 2018 2019Total Direct & Overlapping Property Tax Rates 2010201120122013201420152016201720182019Source: Kitsap County Assessor's OfficeCity of Bremerton / 120 Principal Property TaxpayersCurrent Year and Nine Years AgoTable 8TaxpayerTaxableAssessedValuationRankPercentageof AssessedValuationTaxpayerTaxableAssessedValuationRankPercentageof AssessedValuationPuget Sound Energy 44,384,122$ 1 1.4% Puget Sound Energy 32,103,305$ 1 2.0%SP/LLU Insignia LLC 22,774,840 2 0.7% East Park LLC 20,796,880 2 0.7%EP Holdings LLC 20,014,800 3 0.7% Kitsap Community Credit Union 18,925,960 3 0.6%Cascade Living Group 19,819,120 4 0.6% SHP II Bremerton LLC 11,968,680 4 0.4%Pine Ridge Partners LLC 15,392,960 5 0.5% New Albertsons Inc 11,295,780 5 0.4%Bremerton Fee Owner LLC 14,508,970 6 0.5% Bremer Trust 11,208,290 6 0.4%Qwest Corporation 13,706,227 7 0.4% Bremerton Residential Investments 10,609,630 7 0.3%Oyster Bay Holdings LLC 13,118,950 8 0.4% Toyexpansion 10,046,230 8 0.3%Arch BPBRMWA01 LLC 12,639,349 9 0.4% R & L Property Management 9,831,040 9 0.3%Sylvan Associates 12,221,110 10 0.4% Ryan Tim Properties LP 9,735,71010 0.3%Top Ten Taxpayer Taxable Assessed Valuation 188,580,448 6.1% Top Ten Taxpayer Taxable Assessed Valuation 146,521,505 4.7%All Other Taxpayer Taxable Assessed Valuation 2,884,919,136 93.9% All Other Taxpayer Taxable Assessed Valuation 2,968,236,923 95.3%Total Taxpayer Taxable Assessed Valuation3,073,499,584$ 100.0%Total Taxpayer Taxable Assessed Valuation3,114,758,428$ 100.0%201920096.1%93.9%Assessed Valuation of 2019 Top Ten Taxpayers Compared to Total Taxable Assessed Valuation Top 10 TaxpayersAll Other TaxpayersCity of Bremerton / 121 Property Tax levies and Collections Last Ten Fiscal Years (In Thousands) Table 9 Fiscal Year Tax Levy Current Tax Collections % of Tax Levy Collected Delinquent Tax Collections Total Tax Collections % of Total Tax Collections to Tax Levy Outstanding Delinquent Taxes % of Outstanding Delinquent to Tax Levy 2010 8,613 8,209 95.31% 411 8,620 100.08% 669 7.77% 2011 8,590 8,278 96.37% 283 8,561 99.66% 655 7.63% 2012 8,587 8,242 95.98% 317 8,559 99.67% 614 7.15% 2013 8,647 8,321 96.23% 290 8,611 99.58% 575 6.65% 2014 8,812 8,575 97.31% 256 8,831 100.22% 432 4.90% 2015 9,019 8,824 97.84% 207 9,031 100.13% 373 4.14% 2016 9,730 9,531 97.95% 146 9,677 99.46% 321 3.30% 2017 9,756 9,603 98.43% 127 9,730 99.73% 319 3.27% 2018 10,031 9,885 98.54% 148 10,033 100.02% 327 3.26% 2019 10,184 10,038 98.57% 121 10,159 99.75% 326 3.20% 7,500 8,000 8,500 9,000 9,500 10,000 10,500 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Annual Property Tax Levies and Taxes Collected Tax Levy Total Tax Collected City of Bremerton / 122 Ratio of Net General Bonded Debt To Assessed Value and Net Bonded Debt Per Capita Last Ten Fiscal Years Table 10 Fiscal Year Population* Assessed Value** General Obligation Bonded Debt Less Debt Service Fund Net Bonded Debt Percentage Net Bonded Debt to Assessed Value Debt per Capita 2010 36,190 2,899,484,508 35,705,685 474,303 35,231,382 1.22%974 2011 38,790 2,748,747,794 39,511,239 426,513 39,084,726 1.42%1,008 2012 39,650 2,548,965,492 37,768,000 275,190 37,492,810 1.47%946 2013 37,850 2,394,781,600 36,260,000 203,725 36,056,275 1.51%953 2014 37,850 2,293,000,729 34,770,000 293,160 34,476,840 1.50%911 2015 38,180 2,354,542,747 37,430,000 546,561 36,883,439 1.57%966 2016 39,410 2,503,409,559 35,460,000 464,060 34,995,940 1.40%888 2017 40,630 2,736,605,137 33,445,000 438,766 33,006,234 1.21%812 2018 41,500 3,073,499,584 31,360,000 475,595 30,884,405 1.00%744 2019 42,080 3,603,403,693 29,470,000 323,460 29,146,540 0.81%693 * State of Washington, Office of Financial Management ** Kitsap County Treasurer's Office 33,000 34,000 35,000 36,000 37,000 38,000 39,000 40,000 41,000 42,000 43,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 POPULATION City of Bremerton / 123 Computation of Direct and Overlapping Debt December 31, 2019 Table 11 Gross General Obligation Amount Applicable to Bremerton City of Bremerton 26,180,000 100.00 %26,180,000 Kitsap County 58,934,744 8.60 %5,068,388 Central Kitsap Schools 183,480,000 21.68 %39,778,464 School District #100 1,224,000 73.27 %896,825 So. Kitsap Schools #402 1,392,986 0.36 %5,015 TOTAL 271,211,730 71,928,692 Jurisdiction Percentage Applicable to Bremerton 63% 7% 55% 1% 0% Percentage of Direct & Overlapping Debt Applicable to the City of Bremerton City of Bremerton Kitsap County Central Kitsap Schools School District #100 So. Kitsap Schools #402 City of Bremerton / 124 Computation of Legal Debt Margin as of December 31, 2019 Table 12 Total Taxable Property Value 3,603,403,693 2.5% General purpose limit is allocated between 90,085,092 Up to 1.5% debt without a vote (RCW 39.36.020)54,051,055 Less: Outstanding Debt (non-voted)21,040,000 Less: Excess of Debt with a Vote - Add: Available Assets 293,692 Equals remaining debt capacity without a vote 33,304,747 Up to 2.5% debt with a vote (RCW 39.36.020) 69,338,784 Less: Outstanding Debt (voted)8,430,000 Add: Available Assets 85,057 Equals remaining debt capacity with a vote 60,993,841 2.5% Utility purpose limit, voted (RCW 39.36.020)90,085,092 Less: Outstanding Debt - Less: Contracts Payable - Add: Available Assets - Equals remaining debt capacity- Utility purpose, voted 90,085,092 2.5% Open Space, park & capital facilities, voted (RCW 39.36.020)90,085,092 Less: Outstanding Debt - Less: Contracts Payable - Add: Available Assets - Equals remaining debt capacity - Open space, park & capital facilites voted 90,085,092 City of Bremerton / 125 Water and Sewer Revenue Bond Coverage Last Ten Fiscal Years Table 13 Fiscal Year Gross Revenue Maintenance & Operating Expenses* Net Revenue Available for Debt Service Current Principal Interest Total Current Coverage Ratio 2010 22,172,232 12,563,519 9,608,713 330,000 196,452 526,452 18.25 2011 22,869,304 12,807,726 10,061,578 335,000 182,328 517,328 19.45 2012 23,000,401 12,822,748 10,177,653 350,000 167,990 517,990 19.65 2013 23,418,123 12,907,625 10,510,498 365,000 153,010 518,010 20.29 2014 27,651,623 15,502,853 12,148,770 375,000 137,388 512,388 23.71 2015 31,231,386 15,924,253 15,307,133 595,000 420,344 1,015,344 15.08 2016 30,712,602 17,041,373 13,671,229 620,000 352,046 972,046 14.06 2017 32,292,432 18,577,191 13,715,241 915,000 651,782 1,566,782 8.75 2018 33,149,206 19,014,390 14,134,816 988,950 575,110 1,564,060 9.04 2019 34,184,896 19,014,390 15,170,506 1,025,000 542,440 1,567,440 9.68 * Net of depreceiation, amortization and City taxes 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Net Revenue Available for Debt Service Available Net Revenue Total Debt Principal & Interest City of Bremerton / 126 Miscellaneous Statistics Table 14 DATE OF INCORPORATION October 14, 1901 FORM OF GOVERNMENT Council - Mayor Type of Government Home-Rule Charter Demographics in 2019 Total Area for City of Bremerton 32.1 Square Miles Number of City Employees 2019 Full-Time Equivalents 369.00 Fire Protection Number of Personnel 61 Number of Stations 3 Fire and Aid Calls - 2019 9,357 Priority 1 Response Time (minutes) 5:57 Police Protection Number of Police Officers 51 Calls for Service - 2019 52,321 Average Priority 1 Response Time (minutes) 3:36 Average Priority 2 Response Time (minutes) 4:46 Parks & Recreation Number of Developed Parks 36 Number of Park Acres 709.50 Senior Centers 1 Bremerton Family YMCA 1 Community Pool - Jarstad Aquatic Center 1 Golf - Gold Mountain Golf Complex 1 Ice Arena - Bremerton Ice Arena 1 Business Licenses Number of Business Licenses Issued - 2019 4,483 Number of Business Licenses Issued in City Limits 1,408 Number of Landlord Licenses Issued - 2019 1,702 City of Bremerton / 127 Miscellaneous Statistics Table 14 Water Utility Services 2019 Residential Accounts 17,574 Commercial Accounts 1,896 Storage Capacity (gallons) 33,240,000 Cascade Dam Capacity (gallons) 1.4 billion Average Daily Demand (millions per gallon-MG) 6.2 Reservoirs 17 Watershed Land (square miles) 12.96 Sources: Surface Supply (MG) 1,082 Ground Supply (MG) 1,150 Miles of Main 322 Sewer Utility Services 2019 Residential Sewer Accounts 10,472 Commercial Sewer Accounts 937 Miles of Main 151 Miles of Force Main 31 Sewage Pump Stations 39 Grinder Pump Stations 169 Westside Wastewater Treatment Plant: Average Annual Flow - MGD 5.0 Hydraulic Peak Capacity - MGD 45 Permitted Average 12.5 Eastside CSO Plant Peak Treatment Capacity - MGD 20 Stormwater Utility Services 2019 Residential Accounts 10,601 Commercial Accounts 1,037 Miles of Mains 148 Bremerton supplies 3 billion gallons of water each year to 55,000 people, representing 36% of all the water supplied in Kitsap County. Bremerton regularly monitors the physical, chemical, and bacteriological characteristics to ensure that the drinking water is safe and water quality is the best possible. Bremerton's sewage system provides sewer service to approximately 37,000 people. The wastewater collection system serves City residents as well as nearby areas in unincorporated Kitsap County. It is the mission of the Stormwater Program within the Department to control flooding, enhance water quality, protect sensitive habitat areas, and optimize the recharge of local aquifers. City of Bremerton / 128 Miscellaneous Statistics Table 14 City Streets Street Miles 144 State Highway Miles 19 Miles of Sidewalks 127 Signalized Traffic Intersections 39 Street Lights: City Owned 948 Leased from Puget Sound Energy 1,738 Signs, Crosswalks & Lane Markings 7,700 Forestry Water and Utlity Forest Lands (acres)8,300 Miles of Forest Roads 60 Timber Harvested (board feet)1.19 MBF Biosolids applied (cubic yards)2,936 Reforestation (seedlings planted)32,050 Public Schools Elementary 6 Middle School 1 Junior High 1 High School 1 Vocational School 1 Colleges Olympic College 1600 Chester Ave., Bremerton 360 792-6050 2255 Cole Ave. Bldg. 853, Bremerton 1 800 259-6718 Hospitals Harrison Medical Center 2520 Cherry Ave., Bremerton 1 Boone Road, Bremerton 360 377-3911 1 800 422-1383 360 476-4282 Ext. 9176 Naval Hospital Bremerton Bremerton is served primarily by Bremerton School District #100. A small percentage of children attend Central Kitsap School District #401. Navy College Naval Kitsap Bremerton City of Bremerton / 129 Miscellaneous Statistics Table 14 Local Transportation Washington State Ferries Seattle Bremerton Route - Total Annual Rides 2019 2,460,465 Kitsap Transit 2019 Foot Ferry Annual Rides - Port Orchard & Annapolis 560,486 Buses (County Wide) Annual Bus Rides (Routed Service ) 1,977,106 Kitsap Access & VanLink 310,374 Worker/Driver Service 370,165 Fast Ferry 476,936 2019 Total Bus Ridership 3,695,067 Vanpool and Other Vanpool Service 153,305 2019 Total Vanpool Ridership 153,305 Guaranteed Ride Home Guaranteed Ride Home 2019 Total Guaranteed Ride Home 113 Total Kitsap Transit Ridership 4,408,971 Sources: Washington State Ferries Kitsap Transit City of Bremerton / 130