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:
- General Operating Revenue and Expenses (see Attachments #1 and #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).
Attachment 1 - 2001 Bottom Line Reportin[...]
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