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Finance committee reviews budget amendment reallocating bond proceeds to Givens Park, funding Marina pump station and sewer controls
Summary
Staff told the committee a mid‑year budget amendment would reallocate roughly $350,000 of bond proceeds to Givens Park, bring state loan closeout funds to complete the Marina pump station, and add sewer control contract funding timed with a council contract vote that evening.
Noah Crocker, finance director, briefed the Port Orchard Finance Committee on June 17 about a budget amendment the city will present to the council that night. Crocker said the amendment primarily reflects closing out the 2024 fiscal year and reallocating existing funding: "I believe we are sitting on 500,000 of bond proceeds. So I'm reallocating roughly 350,000, leaving roughly a 150,000 to settle all account remaining bills and contracts outstanding," he said.
The amendment adjusts beginning fund balances, updates the salary table exhibit to reflect recent contract changes and title corrections, and reallocates bond proceeds to capital projects. Crocker said Givens Park construction is receiving additional construction budget and bond proceeds previously allocated to city hall are being shifted to the park. "We're going to pivot some of those bond proceeds from being allocated towards city hall to being allocated towards Gibbons Park," he said.
Crocker also discussed the Marina pump station project, saying the city has drawn the full $13 million in state loan proceeds for that project and will use local sewer operations and capital facility charges to complete remaining work. He said the sewer lift station controls contract will be before the council for approval that evening and the budget amendment is timed to coincide with that contract award.
On the finances overall, Crocker said the amendment brings forward large closeout balances from 2024: "At a high level overall, we're bringing in roughly $28,000,000 in fund balance," he said. The amendment increases certain project expenses by about $607,000 and adjusts ending and beginning fund balances to reflect completed work and invoices still outstanding.
Committee members asked for detail on the bond proceeds amounts and potential uses, and confirmed that some reallocations are intended to free up general fund dollars for other priorities, such as street paving near city hall. Crocker said he will not reallocate the entire bond amount until final invoices clear and he can confirm remaining proceeds.
There were no votes in committee on the amendment; Crocker described the package as a cleanup and funding alignment that reflects actions already taken and contracts scheduled for council approval. The committee supported staff moving the amendment to the full council agenda.
