Original Bottom Line Financial Plan at Incorporation

Before Kenmore incorporated in 1998, King County was required (under state law) to have a financial Plan/“Feasibility Study” prepared to ensure that Kenmore was financially feasible. A copy of the plan is at City Hall and in the Kenmore Library.

That plan laid out a clear “Bottom Line” reporting method that divided Kenmore’s
reporting into the following two parts:

1. General Operating Revenue and Expenses (see Attachments #1 and #2)
2. Public improvement/Capital Expenses

The Executive Summary clearly warns Kenmore that revenues were limited to the extent that they must limit operating costs and maintain the operating surplus in order to maintain a significant level of funding for needed public improvements (see Attachment #3).