How to reach us:

Finance Department

253-856-5264

Finance@kentwa.gov

400 W. Gowe St., Suite 406

Kent, WA 98032

Budget & Finance

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2018 Budget Roadshow

Below is a copy of the community presentation that was given by the Mayor and Finance Director. The presentation titled, "Introduction to Government Finance" includes structural information, budget information, and challenges currently facing our city.

2017-18 Biennial Budget

Below is the 2017-2018 budget that was adopted by Council on December 13, 2016. It includes amendments to the Mayor's proposed budget. The Mayor's proposed budget is also included below. 

2018 Budget - Council Workshop Presentations

Below are presentations made by Finance during recent Council Workshops in preparation for the upcoming 2018 biennium budget review.

2017-2018 Biennial Budget - Council Workshop Presentations

Below are the 2016 council workshop presentations made by Finance during the 2017-2018 Biennial Budget process.

Comprehensive Annual Financial Report (CAFR)

Below are the most recent Comprehensive Annual Financial Reports providing an overview of the financial condition of the City. 

Debt Manual

Below is the first annual debt manual that provides information on the City's outstanding debt obligations. 

Quarterly Investment Reports

Below are current and prior quarterly investment reports that provide information of the City's investment porfolio. 

Quarterly Financial Status Reports

Below are current and prior quarterly financial status reports that provide information on the City's overall financial status.

Monthly Financial Status Reports

Below are current and prior monthly financial status reports that provide information of the City's revenues, expenditures, and fund balances.

Public Facilities District (PFD) Report

Below are the most recent reports on the Public Facilities District financial statements from the Washington State Auditor's Office.

Single Audit Reports

Below are the most recent financial statements and federal single audit reports from the Washington State Auditor's Office.

Fire Relief & Pension Trust Fund

Below are current and prior quarterly management reports that provide financial information for the Fire Relief & Pension Trust Fund.

Other Reports

Below are presentations given at a Washington finance conference and to staff.

Independent Registered Municipal Adviser

Below is notification that the City of Kent has retained Piper Jaffray (the FA Firm) as an independent registered municipal advisor.

Previous Budget Documents

Below is the 2015-2016 adopted budget and 2016 mid-biennium adjustment that provides historical information for the City of Kent's prior biennial and mid-biennium budget.

 

Budget Process

Identify Top and High Priority Target Issues (February-April) 

  • The City Council, Mayor and Administration usually meet in February or March of each year to review legal mandates and current operating and capital issues.
  • They update the strategic plan for the next year's budget as appropriate. 
  • The Mayor’s Leadership Team responds to the Council Strategic Goals for the prior year in the development of the current year budget.

Review Financial Forecast and Update Budget Process (April-May) 

  • Estimated actual revenue and expenditures are projected. 
  • The cost of providing the same level of service as the prior year is calculated and is then forecast and matched against projected future revenue. 
  • The resulting surplus identifies whether the upcoming budget process will be a status quo, program expansion or a budget cut process.

Capital Improvement Plan Review (June-August)

  • Previously adopted CIP plans are reviewed during this time, with updated Council priorities and available revenue.

Public Hearings (September, November)

  • Council holds open public hearings to receive public input for the next year's budget and Capital plans. 

Balance Operating & Capital Budgets (August-September) 

  • A detailed analysis of baseline budgets as well as detailed review of program expansion or cuts needed to bring the budget into balance is completed. 
  • Financial forecasts are updated by the Finance Department and the final proposed budget is recommended by the Mayor.
  • The Finance Department makes sure that the final funding recommendations for operating and capital budgets are balanced to the estimated revenues. 

Preliminary Budget Available (October - November) 

  • The Finance Department prepares the preliminary budget document balancing final revenue forecasts with expenditures. 
  • The preliminary printed budget is available on approximately November 1 of each year at the City Clerk's office, the Finance Department and the Library. 

Budget Adoption (November-December) 

  • The Mayor's proposed budget is transmitted to the Council. 
  • Council reviews the Mayor's proposed budget, holds public hearings and recommends any final adjustments they may deem necessary. 
  • The final balanced budget is adopted by City Council in November or December for the next year. 

Budget Adjustment Ordinance (December-March) 

  • The Finance Department summarizes all capital and operating budget adjustments Council has approved during the current year plus any additional adjustments into budget adjustment ordinances. 
  • All adjustments are adopted by Council as required by State law.

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