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Kenmore reports strong mid‑biennium finances; automated‑enforcement growth prompts deeper review
Summary
Kenmore’s finance director told the City Council Tuesday that mid‑biennium revenues are slightly ahead of schedule while expenditures remain below the 25% elapsed target, driven by higher investment income and development‑fee activity.
Kenmore’s finance director told the City Council Tuesday that mid‑biennium revenues are slightly ahead of schedule while expenditures remain below the 25% elapsed target, driven by higher investment income and development‑fee activity. Finance and Administration Director Melinda Morel said general fund revenues are at 28.3% of biennial expectations and expenditures at 22.6%, and that the city’s reserves stand at $11.5 million versus a 20% policy floor ($3.8 million).
The report also flagged a fast‑growing automated enforcement program, referred to in the presentation as CAPE. Morel said the city logged about 40,000 infractions through August and that King County estimates 60,000 by year‑end. "If 60,000 infractions were all…
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