Budget
The City of Duvall budgets in accordance with the Revised Code of Washington (RCW) 35A.34. Biennial appropriated budgets are adopted for the General, Debt Service, Special Revenue, Capital Project, and Proprietary funds using the cash basis of accounting verses the modified accrual basis. Basis of accounting refers to when revenues and expenditures are recognized in the accounts and reported in the financial statements.
Under the cash basis method of accounting, revenues are recognized when cash is received, and expenditures are recognized when paid. Under the modified accrual basis of accounting, revenue is recorded when susceptible to accrual (i.e. both measurable and available) and expenditures are recognized when the fund liability is incurred. Under the cash basis method, no appropriation is made for depreciation or accrued leave. In addition, capital assets and principal payments on bonds are budgeted as expenditures.
The City’s financial statements are also prepared using the cash basis. Some funds in the financial statements are combined to comply with reporting requirements, which is different than the budget presentation which shows the revenues and expenditures for all budgets.
2023/2024 Budget
The online interactive budget book for 2023 -2024 is now available!
2021/2022 Budget
- 2021-2022 Budget Book - Final Copy
- 2021/2022 Preliminary Budget Book
- Preliminary Budget Overview 10.06.20
- 2021-2022 Revenue Presentation 10.20.20
- 2021 Property Tax Public Hearing 2020.11.05
- 2021-2022 Biennial Budget Public Hearing No. 1_2020.11.05
- 2021-2022 Biennial Budget Public Hearing No. 2_11.17.2020
- Big Rock Park 106 Department 2021-2022 Budget Presentation
- Building Department 2021-2022 Budget Presentation
- Building Maintenance & Equipment Replacement Dept 2021-2022 Budget Presentation
- Capital Projects 2021-2022 Budget Presentation
- Debt Department 2021-2022 Budget Presentation
- Engineering Department 2021-2022 Budget Presentation
- Executive Department 2021-2022 Budget Presentation
- Finance and Administration 2021-2022 Budget Presentation
- IT Department 2021-2022 Budget Presentation
- Legislative 2021-2022 Budget Presentation
- Non-Staffed departments 2020-2021 Budget Presentation
- Planning Department 2021-2022 Budget Presentation
- PW Parks 2021-2022 Department Budget Presentation
- PW 401 Water Department 2021-2022 Budget Presentation
- PW 404 Storm Department 2021-2022 Budget Presentation
- PW 402 Sewer Department 2021-2022 Budget Presentation
- Streets 101 Department 2021-2022 Budget Presentation
- Streets TBD 102 Department 2021-2022 Budget Presentation