Finance Department > Financial Reports & Documents

• Quarterly Financial Status Report – September 2020 opens in a new windowopens PDF file
• Quarterly Financial Status Report – June 2020 opens in a new windowopens PDF file
• Quarterly Financial Status Report – March 2020 opens in a new windowopens PDF file
• Quarterly Financial Status Report – December 2019 opens in a new windowopens PDF file
• Monthly Sales Tax – December 2020 opens in a new windowopens PDF file
• Annual Sales Tax by Zone Report – 2019 opens in a new windowopens PDF file

The budget process is a biennial function that begins in May and is established for a two-year fiscal period (Jan-Dec) beginning in odd numbered years.  The City of Poulsbo adopted its first Biennial Budget for Budget Years of 2017-2018.

The Mayor, City Council and departments work diligently to develop a budget in accordance with laws governing the process taking into account the City’s goals, vision and priorities.  Many public presentations, hearings and meetings are held to create a final working budget for the upcoming fiscal biennium.

• 2021-2022 Preliminary Budget opens in a new windowopens PDF file   (This is a PDF Document which is easily navigated if Bookmarks View is enabled)
• 2021-2022 Proposed Preliminary Budget opens in a new windowopens PDF file

• 2019-2020 Final Budgetopens PDF file (This is a PDF Document which is easily navigated if Bookmarks View is enabled)
• 2019 – 2020 Budget In Brief opens in a new windowopens PDF file
• 2019-2020 Proposed Preliminary Budget opens in a new windowopens PDF file

Each year, the Finance Department produces a Comprehensive Annual Financial Report (CAFR) for the fiscal year ending December 31.  Starting in 2001, and every year since, the City has won the Government Finance Officers Association’s “Certificate of Achievement for Excellence in Financial Reporting”, the highest achievement for government reporting.

• 2019 CAFR opens in a new windowopens PDF file
• 2018 CAFR opens in a new windowopens PDF file
• 2017 CAFR opens in a new windowopens PDF file
• 2016 CAFR opens in a new windowopens PDF file
• 2015 CAFR opens in a new windowopens PDF file
• 2014 CAFR opens in a new windowopens PDF file
• 2013 CAFR opens in a new windowopens PDF file

The State of Washington Growth Management Act of 1990 (GMA) requires the City of Poulsbo develop a Comprehensive Plan that contains land use, housing, capital facilities, utilities, public facilities and transportation elements.  The City Improvement Plan (CIP) is the document that communicates the City’s plan for capital construction and purchases for a six-year period as required by the GMA.  By City policy, a capital project is defined as a project of a non-recurring nature with a cost not less that $15,000 and an estimated life not less than 10 years.

The CIP is updated as an initial step in the budget process.  Projects are prioritized by the department and working Council committees.  The CIP as a whole is then reviewed by the City Council with funding options established.

• 2019- 2023 CIP Document opens in a new windowopens PDF file