2018 Budget Presentation September 2017 Treasurers Office Bank of - - PowerPoint PPT Presentation

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Jul 09, 2023 369 likes •548 views

Treasurers Office 2018 Budget Presentation September 2017 Treasurers Office Bank of the County and 43 Junior Taxing Districts Bank accounts Investments Debt Management $3.2 Billion transactions processed 160,000

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Treasurer’s Office 2018 Budget Presentation

September 2017

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Treasurer’s Office

 Bank of the County and 43 Junior Taxing Districts

 Bank accounts  Investments  Debt Management

 $3.2 Billion transactions processed  160,000 warrants (checks), plus Automated Clearing House

(ACH) transactions

 $21 Million earnings of Kitsap County Investment Pool

earnings over State Pool in last ten years

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Treasurer’s Office

 Innovations/Accomplishments 2017:

 Reviewed all processes as they relate to our Assessor Treasurer

System (ATS) upgrade

 Took over lockbox services from Kitsap Bank  Fully Implemented Payee Positive Pay  Continuing improvements to Cash Transmittal system when IT

resources are available

 Testing ATS upgrade  Created 3 new utility/improvement districts, including a new

lake management district that doubled our volume

 Conducted outreach sessions to bar and escrow companies

regarding real estate transaction processing

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Treasurer’s Office

 Innovations/Accomplishments Update of Previous:

 Implemented Electronic Cash Transmittals (eCT)  Implemented Electronic Recording of Real Estate Transactions

(eREET)

 Held Foreclosure Auction Online  Outsourced Email Statements to Taxpayers (3,000 enrolled)  Provided Monthly Prepayment Option (390 enrolled)  Provided Delinquent Payment Plan

 107 have paid $101,000 and need to pay $160,000  349 finished $909,000  85 cancelled $53,000

 SharePoint Site for Junior Taxing District Reports (replaced emailed

reports, which replaced printed and mailed reports)

 Foreclosures and Distraints using SharePoint

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Treasurer’s Office

 Submitted Status Quo Budget

with bank fees paid outright rather than through earnings with savings of $37,000 in lockbox fees previously paid by interest earnings

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Treasurer’s Office

4,670

1,000 1,500 2,000 2,500 3,000

1,000 1,500 2,000 2,500 3,000 2/21 2/24 3/1 3/6 3/9 3/14 3/17 3/22 3/27 3/30 4/4 4/7 4/12 4/17 4/20 4/25 4/28 5/2 5/5 5/10

Mail Received & Processed

Mailroom PO Box Check 21

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Treasurer’s Office

Parcels and Population Served by Staff

(for Counties with more than 100,000 people) Kitsap #5 in terms of parcels and population served per staff member County Staff Parcels Population Parcels per Staff Rank Population per staff Rank Overall Rank

King

31 685,000 2,117,125

22,097 1 68,294 1 1 Pierce

26 337,088 843,954

12,965 3 32,460 2 2 Thurston

10 122,000 269,536

12,200 4 26,954 3 3

Kitsap 11 114,500 260,131 10,409 5 23,648 5 4

Snohomish

29 285,813 772,501

9,856 7 26,638 4 5 Whatcom

13 117,250 212,284

9,019 8 16,330 7 6 Clark

24.75 178,518 459,495

7,213 21 18,565 6 12 Spokane

32 230,763 490,945

7,211 22 15,342 8 13 Yakima

17 105,734 248,830

6,220 27 14,637 9 17

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Treasurer’s Office

 Assessor’s estimates of tax increase due to state school

funding (EHB 2422) * Actual taxes will be based on many variables

State School Rate $200,000 AV $400,000 AV $600,000 AV current 2017 rate 2.12 $424 $848 $1,272

Est. 2018 rate

3.03 $606 $1,212 $1,818 Difference 0.91 $182 $364 $546

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Treasurer’s Office

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Treasurer’s Office

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Treasurer’s Office

 County Pool

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Treasurer’s Office

 County Pool

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Treasurer’s Office

 County Pool

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Treasurer’s Office

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Treasurer’s Office

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Treasurer’s Office

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