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Through the development of grant and favored loan opportunities, the City has obtained funds for revitalizing neighborhoods, upgrading streets, acquiring and developing parks and open spaces, building water and sewer improvements, and similar tasks. Recent examples include the Benton Street Neighborhood and Forest Home Neighborhood Projects, the Parker Street Extension, the traffic light on NE 3rd Avenue, and open space aquisitions - all of which have received grant funds. Pursuing these funding opportunities is a City Adminstrator task.

Goal: A comprehensive annual budget will be adopted that includes a concise summary of key issues and aspects of operating costs and capital components.

Goal: The city’s investment program will maximize the security of principle while conforming to state statutes. 

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

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

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

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

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

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

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

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

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