Financial Reports

Comprehensive Annual Financial Report

This is the official annual financial report prepared by the City. The report conforms to required accounting and reporting standards and is audited each year by the Washington State Auditor’s Office. The report includes all activities that are controlled by, or dependent on, the City. View Washington State Auditor’s Accountability Audit Report (PDF).

Monthly Financial Report

The City adopts a biennial budget which is reflected in a monthly financial report. This report provides accountability by the City to the Council and community. It focuses on the larger operating funds of the City. A summary of all City funds is provided on the last page of the report. The Public Administration and Finance Committee of the City Council reviews this report at each monthly meeting.  View the Monthly Financial Report (PDF)

Quarterly Financial Report

The full City Council reviews the City’s financial condition each quarter (typically at the 2nd business meeting following the end of a quarter). This report is prepared in a presentation format and provides additional analysis of economic trends, City programs performance and other elements not found in the monthly report. View the Quarterly Financial Report (PDF).

City "Checkbook"

The City recently began sharing information through our Open Data Portal. Included in this portal is the City’s check register. You can view the data in a number of ways using the tools available on the portal. Also included are the City’s credit card transactions (purchasing card transactions).

Quarterly Investment Profile Summary

The City invests temporarily idle cash in accordance with Council direction as described in the City’s Investment Policy (PDF). The priorities identified in the policy are (in order) the safety of principal, liquidity so that cash is available to meet needs and maximizing the rate of return. The investments are managed consistent with oversight provided by the Investment Committee. The Quarterly Investment Profile (PDF) is a snapshot of the quarterly statistics for the City’s portfolio as of the last quarter. 

Debt Manual

The Debt Manual (PDF) provides information on the City’s outstanding debt, authority to issue debt and the policies and procedures that guide the City in the debt issuance process. Included in the manual are listings of current outstanding debt, maturity schedules, policies and other miscellaneous information regarding the City’s debt position.

Long Range Financial Strategy

The City Council sets the policy framework for future City budgets through its Long Range Financial Strategy (LRFS). The LRFS was first developed in 2005 and helped the Council analyze and determine how to best meet the community’s needs given the various resource options available. Council reviewed and updated the LRFS in February of 2018.