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

Treasurer’s Office 2018 Budget Presentation September 2017

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

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

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

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

Treasurer’s Office Mail Received & Processed 3,000 3,000 4,670 Mailroom PO Box Check 21 2,500 2,500 2,000 2,000 1,500 1,500 1,000 1,000 500 500 - - 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

Treasurer’s Office Parcels and Population Served by Staff (for Counties with more than 100,000 people) Parcels per Population Overall County Staff Parcels Population Staff Rank per staff Rank Rank King 22,097 1 68,294 1 1 31 685,000 2,117,125 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 7,213 21 18,565 6 12 24.75 178,518 459,495 Spokane 7,211 22 15,342 8 13 32 230,763 490,945 Yakima 6,220 27 14,637 9 17 17 105,734 248,830 Kitsap #5 in terms of parcels and population served per staff member

Treasurer’s Office  Assessor’s estimates of tax increase due to state school funding (EHB 2422) State School Rate $200,000 AV $400,000 AV $600,000 AV current 2017 rate $424 $848 $1,272 2.12 Est. 2018 rate $606 $1,212 $1,818 3.03 Difference $182 $364 $546 0.91 * Actual taxes will be based on many variables

Treasurer’s Office

Treasurer’s Office

Treasurer’s Office  County Pool

Treasurer’s Office  County Pool

Treasurer’s Office  County Pool

Treasurer’s Office

Treasurer’s Office

Treasurer’s Office

Treasurer’s Office