Finance Department
Fixed Assets – From Beginning to End
Walk into City Hall, or any business, and you are surrounded by Fixed Assets: furniture, computers, equipment, and even company vehicles in the parking lot. If it is owned, maintained, and has an expected useful life of more than 1 year, it is a Fixed Asset.
The City is required to ensure its Fixed Assets are properly managed and safeguarded against waste, loss, and misuse. City Directors manage the purchase and maintenance of assets in their departments. The Finance Department uses Asset Panda, a management and tracking software program to control inventory and depreciation schedules. Inventories are periodically reviewed and updated to ensure they meet the needs of the City and its residents. Automated inventory reports let us know when assets are nearing expiration and need to be renewed or replaced, eliminating unnecessary purchases, and reducing City expenses.
Proper management of Fixed Assets is essential to the City’s financial planning and budget forecasting. It is critical to know what we own and what we will need, in order to identify, plan, and ultimately accomplish our short and long-term goals.
If you would like to know more about the City’s Fixed Assets policies and/or procedures, please contact our Finance Director, Jennifer Ferrer-Santa Ines, 206-248-8251.
Jennifer Ferrer-Santa Ines, Finance Director
City of Normandy Park
801 SW 174th Street
Normandy Park, WA 98166
(206) 248-8251 (Direct Phone)
Public Hearing – Metropolitan Parks District Property Tax Levy
The Metropolitain Parks District Board will hold a public hearing to hear from residents on the proposed 2024 Property Tax Levy Resolution No. 2304. Additional information of the resolution can be found on the city website. Comments for the hearing will be taken in person at City Hall, 801 174th Street, Normandy Park, and remotely using Zoom. Please see the meeting agenda for instructions on how to provide comments.
City Council Starts Review of the 2023-2024 Budget
On Tuesday, October 25th, the City Council reviewed the proposed Preliminary Budget for 2023-2024. This is an important document since it presents the overall plan for allocating City resources on the variety of programs necessary to provide for public safety, enhance the quality of life and natural resources, and maintain and develop the City’s facilities and infrastructure. We are committed to providing the highest quality municipal services possible with the limited resources available.
Public Hearing Notice – 2023 Property Tax Levy & Revenue Sources – Metropolitan Parks District
The Park District Board of the Normandy Park Metropolitan Park District invites all interested parties to attend the Public Hearing on Tuesday, November 8, 2022, beginning at 6:30 pm in person at City Hall, 801 SW 1745th Street, Normandy Park, WA 98166, or via Zoom, to consider the following: A resolution of the Park District Board increasing the regular property tax levy to a rate not to exceed $.29/$1,000 AV commencing January 1, 2023, on all property, both real and personal, in compliance with the RCW 84.55.120
