Financial Stability of Kitsap PFD
The Office of the Washington State Auditor has just published the results of the 2018 Accountability Audit Report for the Kitsap Public Facilities District. That report can be found here.
This is the fourth consecutive Accountability Audit with no blemishes or financial issues. The essence of the report is as follows:
"This report describes the overall results and conclusions for the areas we examined. In those selected areas, District operations complied with applicable state laws, regulations, and its own policies, and provided adequate controls over the safeguarding of public resources."
Kitsap PFD Facilities:
The facilities that received funding from the Kitsap Public Facilities District continue to produce excellent economic results and quality of life benefits to Kitsap County communities.
Kitsap Conference Center at Bremerton Harborside
In 2012 it was expanded with 7,000 square feet of breakout rooms added on the third floor of the building at an additional cost of $1million.
In 2016, the Kitsap Conference Center at Bremerton Harborside exceeded all expectations with regard to economic impact, job creation, and guests served.
Today, it is a profitable and popular regional venue for business and community events. The Ground-breaking for this beautiful waterfront facility took place on October 14, 2002. It opened on-time and within budget in August 2004 and is still leading the way for Bremerton's continuing $150 million redevelopment.
Kitsap Sun Pavilion & Fairgrounds Event Center
• Gordon Field use up 35%.
• Baseball and softball field usage increased 33%.
• 1,000-plus youths participated in multi-day camps and clinics.
• Kitsap Sun Pavilion tournaments up 50%.
North Kitsap Regional Event Center
2006 NKREC Master Plan provides a long term vision for a fully-accessible, community focal point for socializing, cultural and recreational activities. It also will accommodate regional sports tournaments.
• Ten multi-sports fields
• Expanded parking
• Site, parking and traffic safety improvements
• Additions to the Community Theatre
• Amenities for the Community Pool
• 35,000 sq. ft. Special Events Center
In early 2008, construction began on "Phase I" of the Master Plan, converting the NK Stadium field and one of the soccer fields at Strawberry Field to world class Mondo artificial turf. In addition, lights were added to the Strawberry Field.
The partnership of the PFD, NK School District, County and the city of Poulsbo combined to finance the $2.2 million project, which was completed in November 2008. These new "tournament quality" facilities in the North end of the County are now available for Football, Soccer and Lacrosse to the NKSchool District and residents of the County as well as organizations that wish to host or sponsor major tournaments or events there.
About the Kitsap Public Facilities District
The Kitsap Public Facilities District (KPFD) is an independent municipal corporation managing Washington state sales tax rebate funds allocated to Kitsap County. The seven member Board of Directors are appointed by the Kitsap County Commissioners.
The KPFD acts as a catalyst for creating livable and active communities in Kitsap County and uses the following guiding principles: 1) economic development, 2) efficient use of public and private monies, 3) innovation and 4) multiple use.